NSE: HAPPYFORGE | BSE: 544057

Expensive Star

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1373.30 -13.30 (-0.96%)

New 52W High in past week

159.9K NSE+BSE Volume

NSE 18 May, 2026 3:31 PM (IST)

12,957.2

Market Cap

High in industry

Beta 1Year

High Volatility

Board Meeting

The next board meeting for Happy Forgings is on 21 May 2026 for the purpose of Audited Results & Final Dividend See details

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.

10 Feb 2026

1373.30

-0.96%

Earnings beat led by better-than-expected margins

Buy: Happy Forgings Ltd.

Target

Motilal Oswal

Happy Forgings’ (HFL) 3QFY26 earnings at INR789m beat estimates by 7.5%, led by better-than-expected margin, even as revenue was in line with our estimates.

Happy Forgings Ltd. has an average target of 1325.00 from 2 brokers.

Happy Forgings Ltd.

18 Nov 2025, 12:00AM

1373.30

-0.96%

Growth to revive led by pick-up in demand and new wins

Buy: Happy Forgings Ltd.

Motilal Oswal

One of the key investor concerns for Happy Forgings (HFL) has been its subdued revenue growth over the past few quarters, despite a strong order backlog, which is also reflected in the stock’s underperformance over the past 12M relative to the broader index.

Happy Forgings Ltd. has an average target of 1325.00 from 2 brokers.

Happy Forgings Ltd.

10 Nov 2025

1373.30

-0.96%

Showing strength in trying times

Buy: Happy Forgings Ltd.

Target

ICICI Securities Limited

Happy Forgings (HFL)’s Q2FY26 performance exceeded our estimate on all fronts. While domestic farm/PV/industrials continue to do well, HFL’s domestic CV biz. may likely gain strength ahead. Weak macro scenario continues to weigh on HFL’s exports.

Happy Forgings has gained 32.96% in the last 6 Months

Happy Forgings Ltd.

09 Nov 2025

1373.30

-0.96%

Record high margins despite weak export demand

Buy: Happy Forgings Ltd.

Target

Motilal Oswal

Happy Forgings’ (HFL) 2QFY26 PAT at INR734m was largely in line with our estimate. The key highlight of 2Q was its record high margins at 30.7% (+150bp YoY) in a weak demand environment, especially in exports.

Happy Forgings has gained 32.96% in the last 6 Months

Happy Forgings Ltd.

11 Aug 2025

1373.30

-0.96%

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 has gained 32.96% in the last 6 Months

Happy Forgings Ltd.

17 Jun 2025, 12:00AM

1373.30

-0.96%

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 an average target of 1325.00 from 2 brokers.

Happy Forgings Ltd.

24 Jan 2025

1373.30

-0.96%

HAPPY FORGINGS LIMITED

Buy: Happy Forgings Ltd.

FundsIndia

Happy Forgings Ltd. is trading above all available SMAs

Happy Forgings Ltd.

08 Nov 2024

1373.30

-0.96%

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 has gained 61.81% in the last 1 Year

Happy Forgings Ltd.

27 May 2024

1373.30

-0.96%

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.