NSE: HAPPYFORGE | BSE: 544057

Mid-range Performer

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969.75 -2.75 (-0.28%)

33.92% Gain from 52W Low

29,417 NSE+BSE Volume

NSE 18 Sep, 2025 3:52 PM (IST)

9,145.2

Market Cap

High in industry

0.8

Beta 1Year

Very Low volatility

Happy Forgings Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for HAPPYFORGE, BSE:544057 Happy Forgings Ltd.

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Happy Forgings Ltd.

11 Aug 2025

969.75

-0.28%

Resilient performance amidst challenging environment

Buy: Happy Forgings Ltd.

ICICI Securities Limited

Happy Forgings’ (HFL)’s Q1FY26 performance was broadly in line with our estimates. HFL continued to outperform peers in Q1. While PV / industrial / domestic farm segment continues to do well, domestic CV may likely pick up going ahead.

Happy Forgings Ltd. has gained 27.68% in the last 6 Months

Happy Forgings Ltd.

17 Jun 2025, 12:00AM

969.75

-0.28%

Forging ahead: A precision play in a heavyweight market

Buy: Happy Forgings Ltd.

ICICI Securities Limited

Happy Forgings (HFL) is a leading manufacturer of complex, heavy-forged and precision-machined components. HFL’s focus on enhancing its capabilities has helped expand the company’s product portfolio and customer base across diverse segments (CV, PV, farm, OHV, industrials) and geographies.

Happy Forgings Ltd. has gained 27.68% in the last 6 Months

Happy Forgings Ltd.

24 Jan 2025

969.75

-0.28%

HAPPY FORGINGS LIMITED

Buy: Happy Forgings Ltd.

FundsIndia

Happy Forgings Ltd. has gained 27.68% in the last 6 Months

Happy Forgings Ltd.

08 Nov 2024

969.75

-0.28%

Margin beats estimate, led by better product mix

Buy: Happy Forgings Ltd.

Target

Motilal Oswal

Happy Forgings (HFL)’s 2QFY25 result was encouraging as it reported a healthy EBITDA margin of 29.2% (+190bp YoY, est. 28%) led by a higher mix of machining and industrial segment.

Happy Forgings Ltd. has gained 27.68% in the last 6 Months

Happy Forgings Ltd.

27 May 2024

969.75

-0.28%

Healthy performance despite weakness in core segments Order book stands at INR6.5b, of which 60% is attributable to exports

Buy: Happy Forgings Ltd.

Motilal Oswal

4QFY24 results were operationally in line with our expectations, while
higher ‘other income’ and lower tax led to PAT beat at INR658m (est.
INR607m), up by 30% YoY. Happy Forgings (HFL) maintains its focus on
diversifying into industrials and exports, which contributed ~12%/20% of
FY24 revenue, compared to 4%/12% in FY23.

Happy Forgings Ltd. is trading above all available SMAs

Happy Forgings Ltd.

10 Apr 2024

969.75

-0.28%

Happy Forgings Ltd. - Machining Miracle

Buy: Happy Forgings Ltd.

Monarch Networth Capital Limited

Happy Forgings Ltd. is trading above all available SMAs

Happy Forgings Ltd.

18 Dec 2023, 04:24PM

969.75

-0.28%

IPO Note - Happy Forgings Limited 18122023

IPO Note: Happy Forgings Ltd.

HDFC Securities

Issue Snapshot: Issue Open: December 19 December 21, 2023 Price Band: Rs. 808 850 *Issue Size: Up to Rs.,1008.59 (Fresh Issue of up to Rs 400 cr + Offer for sale of upto 7,159,920 eq sh ) Reservation for: QIB upto 50% eq sh Non-Institutional atleast 15% eq sh ((including 1/3rd for applications between Rs.2 lakhs to Rs.10 lakhs)) Retail atleast 35% eq sh Face Value: Rs 2 Book value: Rs 123.28 (September 30, 2023) Bid size: - 17 equity shares and in multiples thereof 100% Book built Issue IPO Note Happy Forgings Limited