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Happy Forgings Complete Financial Statements

6 Years of Data
2026 - 2021

In FY2026, Happy Forgings (HAPPYFORGE) reported revenue ₹430 Cr, net profit ₹84 Cr and EPS ₹8.86, with a net profit margin of 19.5% and ROE of 3.9%. Full financial statements from FY2021 to FY2026 (6 years) — income statement, balance sheet and cash flow in ₹ Crores. Download as Excel or CSV.

Complete Financial Data Export

Profitability Ratios

Net Profit Margin 19.53% 2026 data
EBITDA Margin 32.33% 2026 data
Operating Margin 31.00% 2026 data
Return on Assets 3.19% 2026 data
Return on Equity 3.95% 2026 data

Balance Sheet Ratios

Current Ratio 21.86 2026 data
Equity Ratio 80.82% 2026 data
Asset Turnover 0.16 2026 data

HAPPYFORGE Revenue, Net Profit & EBITDA — Year-on-Year Growth

HAPPYFORGE YoY (Mar 2025 vs Mar 2026) — revenue +18.8%, net profit +23.5%, EBITDA +24.1%, expenses +16.4%. Compare with HAPPYFORGE fair value estimate to assess whether the stock is under or overvalued.

Revenue Growth
+18.8%
Year-over-Year
Net Profit Growth
+23.5%
Year-over-Year
EBITDA Growth
+24.1%
Year-over-Year
Expense Growth
+16.4%
Year-over-Year
Assets Growth
+18.9%
Year-over-Year
Equity Growth
+15.0%
Year-over-Year
Operating Cash Flow Growth
+52.4%
Year-over-Year
Investing Cash Flow Growth
-55.3%
Year-over-Year
Financing Cash Flow Growth
+62.5%
Year-over-Year

HAPPYFORGE Income Statement — Revenue, EBITDA & Net Profit

Happy Forgings revenue ₹430 Cr, EBITDA ₹139 Cr, net profit ₹84 Cr, EPS ₹8.86 (2026) — net profit margin 19.5%. For live price, earnings ratios and company overview, see Happy Forgings screener.

Periods ₹ Crores
Particulars Mar 2026 Jun 2026 Sept 2025 Mar 2025 Jun 2025 Dec 2025 Sept 2024 Mar 2024 Jun 2024 Dec 2024 Sept 2023 Mar 2023 Jun 2023 Dec 2023 Dec 2022
Revenue 430 461 384 362 364 400 374 351 349 361 344 304 333 345 296
Expenses 291 309 262 250 253 271 256 246 244 253 249 217 230 247 221
EBITDA 139 152 122 112 112 129 118 104 105 108 94 88 104 99 75
Operating Profit Margin % 31.00% 31.00% 31.00% 29.00% 29.00% 31.00% 29.00% 28.00% 29.00% 29.00% 27.00% 28.00% 30.00% 28.00% 25.00%
Depreciation 25 26 22 20 21 22 20 16 18 19 16 14 16 17 16
Interest 4 3 2 3 2 3 2 1 1 2 4 5 3 4 4
Profit Before Tax 111 123 99 90 89 104 97 88 86 87 74 68 86 78 56
Tax 28 31 25 22 23 25 26 22 22 22 19 17 21 20 15
Net Profit 84 92 73 68 66 79 71 66 64 65 55 51 64 58 42
Earnings Per Share (₹) 8.86 9.70 7.79 7.18 6.97 8.37 7.58 7.25 6.77 6.85 6.17 5.67 7.16 6.46 4.65

HAPPYFORGE Balance Sheet — Assets, Liabilities & Shareholders' Equity

HAPPYFORGE total assets ₹2,633 Cr, total equity ₹2,128 Cr, total liabilities ₹ Cr (2026) — ROE 3.9%.

Years Annual Data ₹ Crores
Particulars 2026 2025 2024 2023 2022 2021
ASSETS
Total Assets 2,633 2,215 1,886 1,326 1,130 874
Current Assets 1,071 919 742 489 425 335
Fixed Assets 1,108 908 744 678 456 415
Capital Work in Progress 238 123 127 75 212 40
Investments 237 80 0 0 0 0
Other Assets 1,050 1,105 1,016 573 461 419
LIABILITIES
Total Liabilities
Current Liabilities 49 39 32 81 97 54
Non-Current Liabilities
SHAREHOLDERS' EQUITY
Total Equity 2,128 1,850 1,613 988 788 645
Share Capital 19 19 19 18 18 9
Reserves & Surplus 2,109 1,831 1,594 970 770 636

HAPPYFORGE Cash Flow Statement — Operating, Investing & Financing

Happy Forgings operating cash flow ₹445 Cr, investing ₹-497 Cr, financing ₹65 Cr, net cash flow ₹13 Cr (2026).

Periods ₹ Crores
Particulars March 2026 March 2025 March 2024 March 2023 March 2022 March 2021
Operating Activities 445 292 189 210 80 60
Investing Activities -497 -320 -470 -172 -166 -59
Financing Activities 65 40 281 -37 83 0
Net Cash Flow 13 12 1 0 -3 1