Happy Forgings Limited

BSE: 544057 NSE: HAPPYFORGE
Happy Forgings Limited - automotive in Ludhiana, Punjab, India. FY 2026 financials & compliance.
CIN L28910PB1979PLC004008 Incorporated 02 July 1979 ROC Chandigarh HQ Ludhiana, Punjab, India
Active Listed - NSE: HAPPYFORGE · BSE: 544057 Public Limited Company automotive
Data last updated
Market Cap
₹17,011 Cr
HAPPYFORGE · NSE
Share Price
₹1,802.00
-3.31% today
Revenue
₹1,546 Cr
FY 2025-26 · +9.8% YoY
EBITDA
₹471 Cr
Margin 30.4%
Net Profit
₹299 Cr
FY 2025-26 · +11.8% YoY
P/E (TTM)
50.1x
P/B 7.7x
ROE
15.2%
ROCE 18.2%
Debt / Equity
0.14
Interest cover 2.7x

About Happy Forgings Limited

Data last updated:

Happy Forgings Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 02 July 1979 and has been in existence for over 47 years.

Its director Paritosh Kumar and family are #212 among India's richest people (2026). Its director Atul B Lall is #606 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN L28910PB1979PLC004008. Its GSTIN is 03AAACH4369J1ZM (Punjab). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 544057 and NSE: HAPPYFORGE.

The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹18.88 Cr. It was formerly known as Happy Forgings P Limited. It is led by directors including Ashish Garg (Managing Director) and Paritosh Kumar (Managing Director).

Its last annual general meeting (AGM) was held on 27 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bxxix 2254/1 Kanganwal Road, P.O. Jugiana Ludhiana, Punjab, India – 141120.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,546.34 Cr, a growth of 9.8% compared to the previous year. For the same year it recorded a net profit of ₹299.03 Cr (net margin 19.3%) and EBITDA of ₹470.7 Cr (EBITDA margin 30.4%). The net worth stands at ₹2,128.12 Cr (up 15.1% YoY). Total assets are valued at ₹2,457.75 Cr (up 18.3% YoY).

The company has about 1,827 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 1 brand: Happy Forgings. As per MCA filings, the company has open charges of ₹510 Cr and satisfied charges of ₹913.06 Cr on record. Court records list 39 cases involving the company, including 23 filed by the company and 16 filed against it; 7 cases are pending. The company has 12 deals on record (4 funding rounds, 3 market trades, 2 rights issues), with disclosed funding of ₹210.91 Cr; the latest was in February 2026. The company has 17 MSME Form 1 returns on record between 2018 and 2024, listing 853 overdue payments to 123 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website happyforgingsltd.com.

Company details

CIN L28910PB1979PLC004008
Registration Number 004008
Incorporation Date 02 July 1979
ROC Chandigarh
Listing Status Listed - Listed on NSE (HAPPYFORGE); Listed on BSE (544057)
Company Status Active
Date of Last AGM 27 July 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Happy Forgings has one previous CIN (Corporate Identification Number): U28910PB1979PLC004008. The current CIN is L28910PB1979PLC004008, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L28910PB1979PLC004008Current
U28910PB1979PLC004008Previous
Key People
Ashish Garg Managing Director Paritosh Kumar Managing Director Megha Garg Whole-Time Director

Recognitions & Rankings of Happy Forgings

India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#469
Valuation
₹10,370 Cr

Contact details

Happy Forgings Limited's registered office is in Ludhiana, Punjab. Its website is happyforgingsltd.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    happyforgingsltd.com
  • Social Media
  • Registered Address
    Bxxix 2254/1 Kanganwal Road, P.O. Jugiana Ludhiana, Punjab, India – 141120
  • Industry
    Automotive, Auto Parts & Components

To see the full contact details of Happy Forgings Limited, buy the company report.

Comprehensive company report
Happy Forgings Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Happy Forgings operates one associated brand: Happy Forgings. Each brand links to its own profile.

BrandDescriptionWebsite
Happy Forgings
Drive transmission components are manufactured and supplied.happyforgingsltd.com

Business activity

The main business activity of Happy Forgings is manufacturing. In detail, this covers manufacture of machinery and equipment n.e.c..

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing28Manufacture of machinery and equipment n.e.c.

To see the full business activity and turnover split of Happy Forgings Limited, buy the company report.

Financials of Happy Forgings Limited

FY 2025-26 filings available

Happy Forgings Limited reported revenue of ₹1,546.34 Cr (up 9.8% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹1,546 Cr
+9.8% YoY
EBITDA
₹471 Cr
+15.7% YoY
Profit After Tax
₹299 Cr
+11.8% YoY
Net Worth
₹2,128 Cr
+15.1% YoY
Total Assets
₹2,458 Cr
+18.3% YoY
Total Debt
₹330 Cr
+44.6% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue1,5461,4091,3581,197860585
Revenue growth+9.8%+3.7%+13.5%+39.1%+47.0%-
EBITDA471407388341231159
EBITDA margin+30.4%+28.9%+28.5%+28.5%+26.9%+27.1%
Profit before tax402360324280192117
Net profit29926824320914286.43
Net profit margin+19.3%+19.0%+17.9%+17.4%+16.5%+14.8%
EPS (₹)31.9728.3825.7923.3215.90965.89
Balance sheet
Total assets2,4582,0781,7561,2071,028802
Net worth2,1281,8501,612988788645
Total debt330228143219240153
Cash & bank52.941371220.341.4627.78
Net working capital708741643393346283
Cash flow
Cash from operations44529218920980.2959.67
Cash from investing(497)(320)(470)(172)(166)(58.69)
Cash from financing64.9340.17281(37.01)82.52(0.15)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue501449424391377354352354
Revenue growth (YoY)+32.7%+27.0%+20.4%+10.4%+4.5%+3.6%--
Other income8.3011.086.058.166.2510.3510.036.62
EBITDA153141133120116101102101
EBITDA margin+30.6%+31.3%+31.5%+30.8%+30.7%+28.6%+29.1%+28.6%
Depreciation27.8526.2424.5122.4321.5520.5520.2819.11
Interest2.973.063.812.461.892.302.452.15
Profit before tax13112311110498.6188.6589.5786.81
Tax33.1031.1827.5024.7325.1722.9521.9322.28
Net profit97.5091.4583.5778.9473.4465.7067.6464.53
EPS (₹)10.329.688.848.367.786.967.186.84
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,5461,4091,3581,197860585558
Revenue growth+9.8%+3.7%+13.5%+39.1%+47.0%+4.8%-
EBITDA471407388341231159142
EBITDA margin+30.4%+28.9%+28.5%+28.5%+26.9%+27.1%+25.5%
Profit before tax40236032428019211795.81
Net profit29926824320914286.4379.63
Net profit margin+19.3%+19.0%+17.9%+17.4%+16.5%+14.8%+14.3%
EPS (₹)31.9728.3925.7923.3215.90965.89893.20
Balance sheet
Total assets2,4582,0771,7561,2071,028798664
Net worth2,1281,8501,612988788645558
Total debt330227143219240150105
Cash & bank52.851371220.341.4627.7855.76
Net working capital708741643393346279199
Cash flow
Cash from operations44529218920980.2849.85169
Cash from investing(498)(319)(470)(172)(166)(58.69)(119)
Cash from financing65.6339.47281(37.01)82.529.67(49.99)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue501449424391377354352354
Revenue growth (YoY)+32.7%+27.0%+20.4%+10.4%+4.5%+3.6%--
Other income8.3111.086.058.166.2510.3510.146.62
Total expenses348309290271262253250253
EBITDA153141133120116101102101
EBITDA margin+30.6%+31.3%+31.5%+30.8%+30.7%+28.6%+29.1%+28.6%
Depreciation27.8526.2424.5122.4321.5520.5520.2819.11
Interest2.973.063.812.461.892.302.452.15
Profit before tax13112311110498.6288.6589.6886.81
Tax33.1031.1827.5024.7325.1722.9521.9122.31

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue501449424391377354352354
Revenue growth (YoY)+32.7%+27.0%+20.4%+10.4%+4.5%+3.6%--
Other income8.3011.086.058.166.2510.3510.036.62
EBITDA153141133120116101102101
EBITDA margin+30.6%+31.3%+31.5%+30.8%+30.7%+28.6%+29.1%+28.6%
Depreciation27.8526.2424.5122.4321.5520.5520.2819.11
Interest2.973.063.812.461.892.302.452.15
Profit before tax13112311110498.6188.6589.5786.81
Tax33.1031.1827.5024.7325.1722.9521.9322.28
Net profit97.5091.4583.5778.9473.4465.7067.6464.53
EPS (₹)10.329.688.848.367.786.967.186.84
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue1,5461,4091,3581,197860585
Revenue growth+9.8%+3.7%+13.5%+39.1%+47.0%-
Other income30.8137.4513.355.756.065.86
Total expenses1,0761,002971856629426
Employee cost13712511487.7868.6849.00
EBITDA471407388341231159
EBITDA margin+30.4%+28.9%+28.5%+28.5%+26.9%+27.1%
Depreciation89.0477.0664.7354.1837.7435.76
Interest10.477.5311.7812.487.1611.78
Profit before tax402360324280192117
Tax10092.1281.4171.3349.7630.61
Net profit29926824320914286.43
Net profit margin+19.3%+19.0%+17.9%+17.4%+16.5%+14.8%
EPS (₹)31.9728.3825.7923.3215.90965.89
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital18.8718.8518.8417.9017.908.95
Reserves & surplus2,1091,8311,594970770636
Shareholders' funds (net worth)2,1281,8501,612988788645
Minority interest0.000.000.000.000.000.00
Secured loans105101126209183108
Unsecured loans22512717.429.8357.4045.30
Total debt330228143219240153
Total liabilities2,4582,0781,7561,2071,028802
Assets
Gross block1,4881,228988859586507
Net block1,108908744678456415
Capital work in progress23712312774.7521240.37
Investments23779.580.000.000.420.00
Inventories233232224170184122
Sundry debtors395427357308222166
Cash & bank balances52.941371220.341.4627.78
Loans & advances15443.5338.8311.3417.4919.67
Total current assets834839742489425335
Total current liabilities12698.3698.5396.3078.9552.27
Net working capital708741643393346283
Total assets2,4582,0781,7561,2071,028802
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash12.950.640.010.022.892.05
Net cash from operating activities44529218920980.2959.67
Net cash from investing activities(497)(320)(470)(172)(166)(58.69)
Net cash from financing activities64.9340.17281(37.01)82.52(0.15)
Net change in cash12.7712.300.63(0.01)(2.87)0.84
Closing cash52.941371220.341.4627.78
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+9.8%+3.7%+13.5%+39.1%+47.0%-
EBITDA growth+15.7%+4.9%+13.7%+47.7%+45.5%-
PBT growth+11.8%+10.8%+15.8%+45.8%+64.1%+9997.0%
Net income growth+11.8%+10.1%+16.4%+46.7%+64.6%-
Revenue CAGR (3Y)+8.9%+17.9%+32.4%---
EBITDA CAGR (3Y)+11.4%+20.8%+34.7%---
Profitability & leverage
Net income margin+19.5%+19.0%+17.9%+17.4%+16.5%+14.8%
Return on capital employed+18.2%+19.2%+22.7%+26.2%+21.8%+16.1%
Return on net worth+15.2%+15.5%+18.7%+23.5%+19.9%+13.4%
Debt / equity0.140.110.140.260.270.24
Long-term debt / equity0.000.000.020.070.070.05
Interest cover2.742.283.654.353.719.58
Efficiency & per share
Fixed asset turnover1.141.271.471.661.571.15
Inventory turnover6.656.176.906.775.634.81
Debtors turnover3.773.604.094.514.443.53
EPS (₹)31.9728.3825.7923.3215.90965.89
Dividend per share (₹)4.003.004.001.300.000.00
Book value per share (₹)225.56196.25171.17110.4388.007,208.53
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue501449424391377354352354
Revenue growth (YoY)+32.7%+27.0%+20.4%+10.4%+4.5%+3.6%--
Other income8.3111.086.058.166.2510.3510.146.62
Total expenses348309290271262253250253
EBITDA153141133120116101102101
EBITDA margin+30.6%+31.3%+31.5%+30.8%+30.7%+28.6%+29.1%+28.6%
Depreciation27.8526.2424.5122.4321.5520.5520.2819.11
Interest2.973.063.812.461.892.302.452.15
Profit before tax13112311110498.6288.6589.6886.81
Tax33.1031.1827.5024.7325.1722.9521.9122.31
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,5461,4091,3581,197860585558
Revenue growth+9.8%+3.7%+13.5%+39.1%+47.0%+4.8%-
Other income30.8137.5713.365.756.065.866.82
Total expenses1,0761,002971856629426416
Employee cost13712511487.7868.6849.0049.07
EBITDA471407388341231159142
EBITDA margin+30.4%+28.9%+28.5%+28.5%+26.9%+27.1%+25.5%
Depreciation89.0477.0664.7354.1837.7435.7628.40
Interest10.477.5311.7812.487.1611.7825.06
Profit before tax40236032428019211795.81
Tax10092.1081.4171.3349.7630.6115.86
Net profit29926824320914286.4379.63
Net profit margin+19.3%+19.0%+17.9%+17.4%+16.5%+14.8%+14.3%
EPS (₹)31.9728.3925.7923.3215.90965.89893.20
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital18.8718.8518.8417.9017.908.958.95
Reserves & surplus2,1091,8311,594970770636550
Shareholders' funds (net worth)2,1281,8501,612988788645558
Secured loans10510112620918310576.76
Unsecured loans22512617.429.8357.4045.3028.17
Total debt330227143219240150105
Total liabilities2,4582,0771,7561,2071,028798664
Assets
Gross block1,4871,228988859586507332
Net block1,108907744678456415275
Capital work in progress23712312774.7521240.37109
Investments23879.680.100.000.410.000.00
Inventories23323222417018412275.65
Sundry debtors395427357308222166138
Cash & bank balances52.851371220.341.4627.7855.76
Loans & advances15443.5238.8311.3417.4919.677.56
Total current assets834839742489425335277
Total current liabilities12698.3398.5296.3178.9555.7377.95
Net working capital708741643393346279199
Total assets2,4582,0771,7561,2071,028798664
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash12.930.540.010.022.892.052.24
Net cash from operating activities44529218920980.2849.85169
Net cash from investing activities(498)(319)(470)(172)(166)(58.69)(119)
Net cash from financing activities65.6339.47281(37.01)82.529.67(49.99)
Net change in cash12.7012.390.52(0.01)(2.87)0.84(0.19)
Closing cash52.851371220.341.4627.7855.76
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+9.8%+3.7%+13.5%+39.1%+47.0%+4.8%-
EBITDA growth+15.7%+4.9%+13.7%+47.7%+45.5%+11.4%-
PBT growth+11.8%+10.9%+15.8%+45.8%+64.1%+22.2%-38.1%
Net income growth+11.7%+10.2%+16.5%+46.6%+64.6%+8.5%-
Revenue CAGR (3Y)+8.9%+17.9%+32.4%+29.0%+4.7%+2.0%-
EBITDA CAGR (3Y)+11.4%+20.8%+34.7%+33.8%+4.0%+5.0%-
Profitability & leverage
Net income margin+19.5%+19.0%+17.9%+17.4%+16.5%+14.8%+14.3%
Return on capital employed+18.2%+19.2%+22.7%+26.2%+21.8%+17.6%+18.6%
Return on net worth+15.2%+15.5%+18.7%+23.5%+19.9%+14.4%+15.4%
Debt / equity0.140.110.140.260.270.210.25
Long-term debt / equity0.000.000.020.070.070.070.13
Interest cover2.742.283.654.353.719.5821.97
Efficiency & per share
Fixed asset turnover1.141.271.471.661.571.391.71
Inventory turnover6.656.176.906.775.635.936.44
Debtors turnover3.773.604.094.514.443.863.64
EPS (₹)31.9728.3925.7923.3215.90965.89893.20
Dividend per share (₹)4.003.004.001.300.000.000.00
Book value per share (₹)225.57196.27171.17110.4388.007,208.536,240.01

To see the full year-wise statements and ratios of Happy Forgings Limited, buy the company report.

Board of directors of Happy Forgings Limited

Happy Forgings has 7 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Megha GargWhole-Time Director07 Dec 201510 Years 11 MonthsCurrent
Rajeswari Karthigeyan
Also directs: Craftsman Automation Limited, Belstar Microfinance Limited, Sunbeam Lightweighting Solutions Limited
Director30 May 20233 Years 5 MonthsCurrent
Ashish Garg
Also directs: HFL Technologies Private Limited, Ayush Capital and Financial Services Private Limited
Managing Director02 Dec 201510 Years 11 MonthsCurrent
Atul Behari Lall
Also directs: Dixon Technologies (India) Limited, Max Estates Limited, Aditya Infotech Limited and 5 more
Director31 Jul 20233 Years 3 MonthsCurrent
Ravindra Pisharody
Also directs: Kwality Wall's (India) Limited, Savita Oil Technologies Limited, Muthoot Finance Limited and 3 more
Director16 Jun 20224 Years 4 MonthsCurrent
Paritosh Kumar
Also directs: HFL Technologies Private Limited, Ayush Capital and Financial Services Private Limited
Managing Director11 Feb 201610 Years 8 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Auditor

Happy Forgings Limited is audited by S.R. Batliboi & Co.LLP for the financial year 2025.

Auditor firmFinancial yearFirm registration number
S.R. Batliboi & Co.LLPFY 2025301003E/E300005

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 78.50%, foreign institutional investors hold 1.90%, domestic institutional investors hold 15.50% and retail and other public shareholders hold 4.10%.

Promoters: 78.50%DII (Domestic Institutional): 15.50%FII (Foreign Institutional): 1.90%Retail & Others: 4.10%
Sep 2026
QUARTER
78.50% Promoters
15.50% DII (Domestic Institutional)
1.90% FII (Foreign Institutional)
4.10% Retail & Others
Promoter holding - history
Now 78.50% · Sep 2026High 78.50% · Dec 2025Low 78.50% · Dec 2025
77%77.8%78.5%79.3%80%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 78.50%Mar 2026: 78.50%Jun 2026: 78.50%Sep 2026: 78.50%78.50%78.50%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters78.50%78.50%78.50%78.50%
Public21.50%21.50%21.50%21.50%

Charges & borrowings

Open charges
₹510 Cr
Satisfied charges
₹913.06 Cr
Breakdown by lending institutions
Yes Bank Limited₹240.00 Cr
Others₹220.00 Cr
Hdfc Bank Limited₹50.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
14 Jul 2026101336248Yes Bank Limited₹150 CrOpen
26 Jun 2026101336257Others₹150 CrOpen
04 Feb 2020100321628Hdfc Bank Limited₹50 CrOpen
09 Apr 2018100168864Yes Bank Limited₹90 CrOpen
01 Dec 2017100150085Others₹70 CrOpen

To see the full charge records of Happy Forgings Limited, buy the company report.

Total charge records: 48 View all charges

Deals & funding

Happy Forgings Limited has 12 deals on record (4 funding rounds, 3 market trades, 2 rights issues), with disclosed funding of ₹210.91 Cr; the latest was in February 2026.

Total deals
12
Funding rounds
4
Market trades
3
Rights issues
2
Secondary share transfers
2
Disclosed funding
₹210.91 Cr

Deals on record (5 of 12)

WhenDealAmountParties
Dec 2023IPO₹1,008.59 CrInvestors: Morgan Stanley Investment Management, Sbi Life Insurance Company Limited , HDFC Life Insurance Company Limited
Seller: Motilal Oswal Private Equity, an individual
Mar 2015Secondary share transferUndisclosedBuyer: 4 individuals
Seller: Ayush Capital and Financial Services Private Limited
Mar 2014Funding round₹3.42 CrInvestors: Ayush Capital and Financial Services Private Limited
Mar 2013Funding round₹4.65 CrInvestors: Ayush Capital and Financial Services Private Limited
Jan 2011Funding round₹2.85 CrInvestors: Ayush Capital and Financial Services Private Limited , Paritosh Kumar Garg HUF, 2 individuals

To see the full deal history of Happy Forgings Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Happy Forgings Limited was last rated by Icra on 20 May 2022.

Rating agencyRated onRating
Icra20 May 2022

To see the full credit ratings and regulatory alerts of Happy Forgings Limited, buy the company report.

MSME payment delays

Happy Forgings Limited has 17 MSME Form 1 returns on record between 2018 and 2024, listing 853 overdue payments to 123 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 123)

SupplierAmount dueDue sinceReported on
Size Masters Multi Gauging
Shiva Techniques Surfaces Private Limited
Lubrikote Specialities Private Limited
Nma Automation
Aryan Fumigation & Pest

To see the full MSME payment records of Happy Forgings Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Happy Forgings has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
HFL Technologies Private LimitedU28220PB2024PTC061063

To see the full group structure of Happy Forgings Limited, buy the company report.

Employees & EPFO

Happy Forgings Limited has a workforce of 1,827 employees on its EPFO records as of Oct 16, 2025, across 1 active EPFO establishment.

Employee count
1,827
Active EPFO establishments
1
Employee growth
-0.76%

GST

Happy Forgings has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
03AAACH4369J1ZMPunjabActive01 Jul 2017
03AAACH4369J2ZLPunjabActive12 Dec 2022

To see the full GST registrations and return filing status of Happy Forgings Limited, buy the company report.

Recent activity

Happy Forgings Limited has 20 board changes on record since 2006: 7 appointments and 13 cessations. The latest: Vikas Giya ceased to be Director on 30 Jan 2025.

Charges
A charge with Others of Rs. 150.00 Cr registered on 26 Jun 2026 with Charge ID 101336257 was modified on 08 Sep 2026.
AGM
Happy Forgings Limited last Annual general meeting of members was held on 27 Jul 2026 as per latest MCA records.
Charges
A charge with Yes Bank Limited amounted to Rs. 150.00 Cr with Charge ID 101336248 was registered on 14 Jul 2026.
Charges
A charge with Hdfc Bank Limited of Rs. 50.00 Cr registered on 04 Feb 2020 with Charge ID 100321628 was modified on 01 Jul 2026.
Charges
A charge with Others amounted to Rs. 150.00 Cr with Charge ID 101336257 was registered on 26 Jun 2026.
Filing
Happy Forgings Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Chandigarh.
Charges
A charge registered on 10 Nov 2021 via Charge ID 100507580 with Others was fully satisfied on 30 Dec 2025.
Charges
A charge registered on 01 Dec 2017 via Charge ID 100150089 with Others was fully satisfied on 02 Dec 2025.
Charges
A charge registered on 27 Oct 2021 via Charge ID 100501675 with Others was fully satisfied on 19 Mar 2025.
Ceased
Vikas Giya ceased to be Director.
Charges
A charge with Yes Bank Limited of Rs. 90.00 Cr registered on 09 Apr 2018 with Charge ID 100168864 was modified on 07 Feb 2024.
Charges
A charge registered on 29 Oct 2021 via Charge ID 100498934 with Hdfc Bank Limited was fully satisfied on 03 Feb 2024.

129 earlier events are in the company report.

News

HAPPYFORGE: Q2 CONS NET PROFIT 975M RUPEES VS 734.4M (YOY)
05 Nov 2026 · Exchange Update
HAPPYFORGE: Q2 EBITDA 1.53B RUPEES VS 1.16B (YOY); Q2 EBITDA MARGIN 30.58% VS 30.68% (YOY)
05 Nov 2026 · Exchange Update
HAPPYFORGE: Q2 REVENUE 5.01B RUPEES VS 3.77B (YOY)
05 Nov 2026 · Exchange Update

Frequently asked questions

Happy Forgings is an active public limited company based in Ludhiana, Punjab, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 02 July 1979 (47+ years old) and is registered under CIN L28910PB1979PLC004008. Listed on BSE: 544057 and NSE: HAPPYFORGE.

Happy Forgings reported revenue of ₹1,546.34 Cr for FY 2025-26 (up 9.8% YoY) based on consolidated financials.

Happy Forgings has 7 current directors:

The latest financial statements of Happy Forgings on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 July 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Happy Forgings is 03AAACH4369J1ZM, registered in Punjab. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 03AAACH4369J2ZL (Punjab).

The CIN (Corporate Identification Number) of Happy Forgings is L28910PB1979PLC004008. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Happy Forgings is a listed company as per MCA records. Its shares are listed on both BSE (code: 544057) and NSE (symbol: HAPPYFORGE).

Happy Forgings has 39 court cases on record: 23 filed by the company and 16 filed against it. 7 are pending. Most are in the district courts.

Happy Forgings was incorporated on 02 July 1979, making it 47+ years old. It is registered with the Registrar of Companies, Chandigarh.

Happy Forgings has 12 deals on record (4 funding rounds, 3 market trades, 2 rights issues), with disclosed funding of ₹210.91 Cr; the latest was in February 2026.

Vikas Giya ceased to be Director on 30 Jan 2025. Atul Behari Lall was appointed as Director on 31 Jul 2023. Rajeswari Karthigeyan was appointed as Director on 30 May 2023. Happy Forgings has 20 board changes on record in total.