Happy Forgings Ltd (HAPPYFORGE) is currently trading at 2,031.50 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Happy Forgings Limited is an engineering-led manufacturer of heavy forgings and high-precision machined components serving commercial vehicles, farm equipment, passenger vehicles, off-highway and industrial OEMs, with integrated capabilities across forging, machining, heat treatment and metallurgical testing. The company reported Q3FY26 revenue of INR391 crores and 9MFY26 revenue of INR1,122 crores with record quarterly EBITDA margin of 30.8% and PAT margin of 20.2%; margins benefited from product mix, operating leverage and a lagged pass-through of steel costs. Happy Forgings has materially expanded capacity — machining capacity increased to 68,000 MT and a 10,000-ton press was commissioned in Q4FY26 — and is investing to build one of Asia's largest heavy-component forging facilities to serve components weighing 250–3,000 kilograms. The balance sheet and cash generation are strong: operating cash flow of ~INR315 crores in 9MFY26 and liquid investments exceeding INR400 crores, enabling aggressive capex guidance (INR400–500 crores FY26 including solar) while keeping leverage minimal. Management has visibility of incremental peak annual business of ~INR800 crores (majority to be executed over two years), positioning Happy Forgings to materially diversify revenue mix toward industrials, passenger vehicles and export-focused programs while supporting medium-term margin expansion.

Over the past 52 weeks, Happy Forgings Ltd has traded between a low of ₹870.00 and a high of ₹2,040.00. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Happy Forgings Ltd has a market capitalization of approximately 18,017.37. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Happy Forgings Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 55.03 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 18,017.37 Cr, Happy Forgings Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Happy Forgings Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Happy Forgings Ltd is 55.03. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

Revenue from operations was ₹353.80 crore for the quarter ended June 30, 2025, which the company also disclosed as ₹354 crore after rounding.