Happy Forgings Limited
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Happy Forgings Limited's yearly results (2023–2026), compared with Industrials companies in India. Tap ? on any ratio for what it means.
What stands out
- Steadiness Ratio: Sales and profit both grew in each of the last 3 years. Steadier than 86% of Industrials companies in India.
- Growth Efficiency Ratio: Sales grew 33% in 3 years; of every extra ₹100 of sales, ₹27 became extra profit. Higher than 85% of Industrials companies in India.
Where ₹100 of sales goes
Latest year (Mar 2026). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
₹114Over the last 3 years, every ₹100 of reported profit came with ₹114 of operating cash.
Higher than 70% of Industrials companies in India.
Self-Funding Ratio
1.0×Over the last 3 years its own operating cash paid for 99% of its investment spending (capex); the rest came from other sources such as borrowing, cash reserves or new shares.
Lower than 54% of Industrials companies in India.
Cash Locked Ratio
₹38For every ₹100 of sales, ₹38 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against ₹37 tied up three years earlier.
More money tied up than 72% of Industrials companies in India.
Growth quality
Steadiness Ratio
3/3 · 3/3Sales and profit both grew in each of the last 3 years.
Steadier than 86% of Industrials companies in India.
Growth Efficiency Ratio
₹27Sales grew 33% in 3 years; of every extra ₹100 of sales, ₹27 became extra profit.
Higher than 85% of Industrials companies in India.
Asset Productivity Ratio
+33% / +99%In 3 years sales changed by +33% while total assets changed by +99%. Assets grew faster than sales.
Balance-sheet strength
Debt Due Cover Ratio
1.3×Debt due within a year is covered 1.3 times by its yearly operating cash.
Higher than 64% of Industrials companies in India.
Cash Cushion Ratio
+0%Cash, after subtracting all debt, equals 0% of its market value (net cash).
Higher than 63% of Industrials companies in India.
Tangible Assets Ratio
99%Of every ₹100 the company owns, ₹99 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
Less tangible than 57% of Industrials companies in India.
Tangible Net Worth Ratio
99%Of every ₹100 of net worth, ₹99 is tangible; the rest is goodwill and other intangibles, often from buying other companies.
Less tangible than 51% of Industrials companies in India.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (14)
Happy Forgings Limited owes ₹0.19 for every ₹1 it owns. Net profit rose 13% in the year to Mar 2026, and grew 13% a year on average over 3 years.
Compared with Industrials companies in India · latest annual results Mar 2026.
P/E ratio
52.5Investors pay ₹52.5 for every ₹1 of Happy Forgings Limited's yearly profit, higher than 79% of Industrials companies in India.
P/B ratio
8.06The share price is 8.06 times Happy Forgings Limited's book value per share, higher than 82% of Industrials companies in India.
Market cap
₹17,162 CrThe total market value of all of Happy Forgings Limited's shares at today's price (share price × number of shares), larger than 86% of Industrials companies in India. PosiCap size class: Meso Cap.
Net worth (book value)
₹2,128 CrWhat Happy Forgings Limited would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (31 Mar 2026).
Book value per share
₹225.43Net worth divided by the number of shares. The share price of ₹1,818 is 8.1 times this, which is the P/B above.
Return on equity (ROE)
15.3%Happy Forgings Limited earned 15.3% on its shareholders' money over the last year, higher than 68% of Industrials companies in India.
Owes vs Owns
0.19×Happy Forgings Limited owes ₹0.19 for every ₹1 it owns (low), lower than 89% of Industrials companies in India.
Dividend yield
0.21%Happy Forgings Limited pays 0.21% of its share price as dividends a year, lower than 79% of dividend-paying Industrials companies in India.
Revenue growth
+10%Revenue rose 10% in the year to Mar 2026, and grew 10% a year on average over 3 years.
Profit growth
+13%Net profit rose 13% in the year to Mar 2026, and grew 13% a year on average over 3 years.
Profit margin
21.2%Happy Forgings Limited keeps ₹21 of every ₹100 of revenue as net profit.
Cash quality
1.5×Cash from Happy Forgings Limited's business was 1.5× its reported profit in the year to Mar 2026 — its profit turned into cash.
Interest cover
38.9×Happy Forgings Limited's operating profit covered its interest costs 38.9 times in the year to Mar 2026.
Cash vs debt
Net cashHappy Forgings Limited held ₹75 Cr more cash than debt (net cash) at Mar 2026.
Questions
What is Happy Forgings Limited's P/E ratio?
Investors pay ₹52.5 for every ₹1 of Happy Forgings Limited's yearly profit, higher than 79% of Industrials companies in India.
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Happy Forgings Limited: ₹17,162 Cr ÷ ₹2,128 Cr (31 Mar 2026) = 8.1.
What is Happy Forgings Limited's return on equity?
Happy Forgings Limited earned 15.3% on its shareholders' money over the last year, higher than 68% of Industrials companies in India.
How much does Happy Forgings Limited owe compared with what it owns?
Happy Forgings Limited owes ₹0.19 for every ₹1 it owns (low), lower than 89% of Industrials companies in India.
Does Happy Forgings Limited pay a dividend?
Yes. Happy Forgings Limited pays 0.21% of its share price as dividends a year, lower than 79% of dividend-paying Industrials companies in India.
Is Happy Forgings Limited's revenue growing?
Revenue rose 10% in the year to Mar 2026, and grew 10% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.