1,802.00
+6.34%
Close of 9 Nov 2026, in INR
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About Happy Forgings
Its shares trade on NSE under the ticker HAPPYFORGE.NS. It has been listed since 27 December 2023. In the fiscal year to 30 September 2025, it reported revenue of ₹15.46bn and net income of ₹3.02bn. At that date it held total assets of ₹26.33bn and shareholders' equity of ₹21.28bn.
Happy Forgings Ltd is a IN-based company operating in Machinery industry. The company is headquartered in Ludhiana, Punjab. The company went IPO on 2023-12-27. Happy Forgings Limited is an India-based company, which is a manufacturer of heavy forged and high precision machined components. The Company’s products include crankshafts, differential cases, front axle components, railway parts, suspension products, transmission parts, and windmill application products. Its windmill application products consist of three critical components: the planet carrier, pinion shaft, and housing. Its railway components range of parts, includes camshafts, connecting rods, piston pins, and spacers, are expertly crafted to deliver outstanding functionality and long-lasting resilience. The firm primarily caters to domestic and global original equipment manufacturers (OEMs) manufacturing commercial vehicles in the automotive sector. The company also caters to manufacturers of farm equipment, off-highway vehicles and manufacturers of industrial equipment and machinery for oil and gas, power generation, railways, and wind turbine industries.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 27 Dec 2023
- Website
- happyforgingsltd.com ↗
Leadership
Pay as last reported
- Mr. Narinder SinghChief Executive Officer, Whole-Time Director, since 2022
- Pankaj GoyalChief Financial Officer
- Megha GargWhole-Time Director (Promoter), since 2016₹3.6m
- Suman GargWhole-Time Director (Promoter), since 2016₹4.6m
- Bindu GargCompany Secretary
- Mr. Ashish GargManaging Director (Promoter)₹15.8m
- Paritosh KumarManaging Director (Promoter), since 2018₹16.2m
- Nitin AggarwalDirector₹50,000
- Prakash BaglaNominee Director
- Vikas GiyaIndependent Director₹50,000
- Ravindra PisharodyIndependent Director
- Satish SekhriIndependent Director₹1.0m
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Company operates in Machinery industry with headquarters in Ludhiana, Punjab.
- Offers a diverse product range including crankshafts, differential cases, and railway components.
- Caters to domestic and global OEMs in automotive and industrial sectors.
Weaknesses
- Company went public via IPO on 2023-12-27, indicating recent market entry.
- Limited information on financial performance or market share provided.
- No specific details on competitive advantages or unique technologies.
Opportunities
- Growing demand for windmill application products in renewable energy sector.
- Expansion potential in railway and industrial equipment markets.
- Opportunity to increase market share among OEMs in automotive and farm equipment sectors.
Threats
- Dependence on OEMs in automotive and industrial sectors may lead to revenue volatility.
- Competition from other manufacturers in Machinery industry.
- Economic downturns could impact demand for industrial components.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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