Happy Forgings Limited

Happy Forgings Limited - automotive in Ludhiana, Punjab, India. FY 2026 financials and compliance.
CIN L28910PB1979PLC004008 Incorporated 02 July 1979 ROC Chandigarh HQ Ludhiana, Punjab, India
Active Listed Public Limited Company automotive
Data last updated
Revenue · FY 2026
₹1,546.34 Cr
▲ 9.76% YoY
EBITDA · FY 2026
₹501.5 Cr
▲ 12.91% YoY
Net profit · FY 2026
₹301.63 Cr
▲ 12.79% YoY
Authorised capital
₹30 Cr
Registered with MCA
Paid-up capital
₹18.87 Cr
Issued & subscribed
Open charges
₹210 Cr
Satisfied ₹913.06 Cr
Company age
47 yrs
Est. 1979
Employees · EPFO
1,827
Latest available

About Happy Forgings Limited

Data last updated: 11 March 2026

Happy Forgings Limited is a public limited company based in Ludhiana, Punjab, India. It specialises in auto parts and components, a part of the broader automotive sector. Incorporated on 02 July 1979, the company has been in operation for over 47 years.

Registered with ROC Chandigarh under CIN L28910PB1979PLC004008. Listed.

Capital: an authorised share capital of ₹30 Cr and a paid-up capital of ₹18.87 Cr. Formerly known as Happy Forgings P Limited. It is led by directors including Megha Garg and Rajeswari Karthigeyan.

Last AGM: 29 July 2025. Financial statements filed for year ended 31 March 2025. Office: Bxxix 2254/1 Kanganwal Road, P.O. Jugiana Ludhiana, Punjab, India – 141120.

As per the financials filed for FY 2025, the company reported a revenue of ₹1,446.34 Cr, a growth of 5% compared to the previous year.

The company has a workforce of approximately 1,827 employees as per the latest available data. 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 ₹210 Cr and satisfied charges of ₹913.06 Cr on record.

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 of Happy Forgings Limited
CIN L28910PB1979PLC004008
Registration Number 004008
Incorporation Date 02 July 1979
ROC Chandigarh
Listing Status Listed
Company Status Active
Date of Last AGM 29 July 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Ashish Garg Managing Director Paritosh Kumar Managing Director Megha Garg Whole-Time Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    happyforgingsltd.com
  • Social Media
  • Registered Address
    Bxxix 2254/1 Kanganwal Road, P.O. Jugiana Ludhiana, Punjab, India – 141120
  • Industry
    Automotive, Auto Parts & Components
Company report
Happy Forgings Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
  • PDF report delivered after checkout
₹799 ₹999 20% off
Secure checkout · GST invoice included

Unlock the full Happy Forgings Limited report

Financials, compliance, directors, charges, ownership and filings for Happy Forgings Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Happy Forgings Limited

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

CIN Status
L28910PB1979PLC004008 Current
U28910PB1979PLC004008 Previous

Associated Brands with Happy Forgings Limited

Happy Forgings Limited operates one associated brand: Happy Forgings. These brands represent Happy Forgings Limited's diversified market presence and brand portfolio.

Brand Description Website
Happy Forgings
Drive transmission components are manufactured and supplied. happyforgingsltd.com

Competitors & Alternatives of Happy Forgings Limited

Brands and companies operating in the same space as Happy Forgings Limited include Linamar, Gates, Dana and 5 more.

Competitor Description Location Founded
Linamar Linamar Motor vehicle and agricultural parts are manufactured and supplied. Guelph, Canada, Canada 1966
Gates Gates Transmission components are manufactured and supplied to the aftermarket. Denver, United States, United States 1911
Dana Dana Driveline technologies and components for electrified light vehicles are supplied. Maumee, United States, United States 1904
Ricardo Ricardo Drive transmission components are manufactured and supplied to OEMs. - 1915
New Motion Labs New Motion Labs Automotive transmission systems are manufactured by New Motion Labs. London, United Kingdom, United Kingdom 2019
FPT Industrial FPT Industrial Manufacturer and supplier of powertrain components Turin, Italy, Italy 2011
FEV FEV Powertrain components for vehicles are manufactured and supplied by FEV. Aachen, Germany, Germany 1978
Kinetic Engineering Kinetic Engineering Gears, shafts, transmission assemblies, and auto components are manufactured. Pune, India, India 1972

Business Activity of Happy Forgings Limited

Happy Forgings Limited is engaged in the principal business activity of manufacturing, with detailed activities including metal and metal products.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C7 Metal and metal products *********

Auditor Details of Happy Forgings Limited

Happy Forgings Limited is audited by S. R. BATLIBOI & CO. LLP (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
S. R. BATLIBOI & CO. LLP (ICAI peer reviewed, certificate valid till 2027-07-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Happy Forgings Limited

Happy Forgings Limited is currently managed by 8 directors, with 21 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Megha Garg
Also directs: Happy Forgings Limited
Whole-Time Director 07 Dec 2015 10 Years 7 Months Current
Rajeswari Karthigeyan
Also directs: Happy Forgings Limited, Craftsman Automation Limited, Belstar Microfinance Limited and 1 more
Director 30 May 2023 3 Years 1 Months Current
Ashish Garg
Also directs: Happy Forgings Limited, Hfl Technologies Private Limited, Ayush Capital And Financial Services Private Limited
Managing Director 02 Dec 2015 10 Years 7 Months Current
Atul Behari Lall
Also directs: Happy Forgings Limited, Dixon Technologies (India) Limited, Max Estates Limited and 5 more
Director 31 Jul 2023 2 Years 11 Months Current
Ravindra Pisharody
Also directs: Happy Forgings Limited, Kwality Wall's (India) Limited, Savita Oil Technologies Limited and 4 more
Director 16 Jun 2022 4 Years 0 Months Current
Paritosh Kumar
Also directs: Happy Forgings Limited, Hfl Technologies Private Limited, Ayush Capital And Financial Services Private Limited
Managing Director 11 Feb 2016 10 Years 4 Months Current
Showing 6 of 8 current directors. View all directors

Financials of Happy Forgings Limited FY 2026 filings available

Happy Forgings Limited reported revenue of ₹1,546.34 Cr (up 9.76% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹1,546.34 Cr ▲ 9.76%
Profit · FY 2026
₹301.63 Cr ▲ 12.79%
EBITDA · FY 2026
₹501.5 Cr ▲ 12.91%
Revenue₹ Cr · Consolidated01,0002,000FY 2024: ₹1,358 Cr1,358FY 2024FY 2025: ₹1,409 Cr · +3.7% YoY1,409+3.7%FY 2025FY 2026: ₹1,546 Cr · +9.8% YoY1,546+9.8%FY 2026
Net Profit₹ Cr · Consolidated0200400FY 2024: ₹243 Cr243FY 2024FY 2025: ₹267 Cr · +10.1% YoY267+10.1%FY 2025FY 2026: ₹302 Cr · +12.8% YoY302+12.8%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year0200400600Q1'25: ₹341 Cr341Q1'25Q2'25: ₹361 Cr361Q2'25Q3'25: ₹354 Cr354Q3'25Q4'25: ₹352 Cr · +2.5% YoY352+2.5%Q4'25Q1'26: ₹354 Cr · +3.6% YoY354+3.6%Q1'26Q2'26: ₹377 Cr · +4.5% YoY377+4.5%Q2'26Q3'26: ₹391 Cr · +10.4% YoY391+10.4%Q3'26Q4'26: ₹424 Cr · +20.4% YoY424+20.4%Q4'26
Metrics FY 2026 FY 2025 FY 2024
Revenue from Operations ₹1,546.34 Cr ₹1,408.89 Cr ₹1,358.24 Cr
Other Income ₹30.81 Cr ₹37.45 Cr ₹13.35 Cr
Total Income ₹1,577.15 Cr ₹1,446.34 Cr ₹1,371.59 Cr
Cost of Materials Consumed ₹606.77 Cr ₹602.78 Cr ₹629.73 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0
Changes in Inventories ₹25.04 Cr -₹11.11 Cr -₹33.14 Cr
Employee Benefit Expense ₹136.58 Cr ₹124.82 Cr ₹114.46 Cr
Finance Costs ₹10.47 Cr ₹7.53 Cr ₹11.78 Cr
Depreciation & Amortisation ₹89.04 Cr ₹77.06 Cr ₹64.73 Cr
Other Expenses ₹307.26 Cr ₹285.71 Cr ₹259.64 Cr
Total Expenses ₹1,175.16 Cr ₹1,086.79 Cr ₹1,047.2 Cr
Profit Before Exceptional Items & Tax ₹401.98 Cr ₹359.55 Cr ₹324.39 Cr
Exceptional Items ₹0 ₹0 ₹0
Profit Before Tax ₹401.98 Cr ₹359.55 Cr ₹324.39 Cr
Total Tax Expense ₹100.35 Cr ₹92.12 Cr ₹81.4 Cr
Net Profit ₹301.63 Cr ₹267.44 Cr ₹242.98 Cr
  attributable to Owners ₹0 ₹0 ₹242.98 Cr
  attributable to NCI ₹0 ₹0 -
Other Comprehensive Income -₹1.01 Cr ₹1.5 Cr ₹6.14 Cr
Total Comprehensive Income ₹300.62 Cr ₹268.94 Cr ₹249.13 Cr
EBITDA (computed) ₹501.5 Cr ₹444.15 Cr ₹400.89 Cr
Basic EPS ₹31.99 ₹28.39 ₹26.78
Diluted EPS ₹31.92 ₹28.37 ₹26.75
Metrics FY 2026 FY 2025 FY 2024
Total Assets ₹2,632.81 Cr ₹2,215.22 Cr ₹1,885.95 Cr
Non-current Assets ₹1,561.71 Cr ₹1,296.59 Cr ₹1,144.2 Cr
Current Assets ₹1,071.1 Cr ₹918.64 Cr ₹741.75 Cr
Property, Plant & Equipment ₹1,097.38 Cr ₹899.6 Cr ₹742.47 Cr
Inventories ₹232.76 Cr ₹232.42 Cr ₹224.17 Cr
Trade Receivables ₹394.78 Cr ₹426.54 Cr ₹356.92 Cr
Cash & Equivalents ₹25.72 Cr ₹12.95 Cr ₹64.27 Lakh
Equity (Net Worth) ₹2,128.13 Cr ₹1,849.55 Cr ₹1,612.49 Cr
Equity Share Capital ₹18.87 Cr ₹18.85 Cr ₹18.84 Cr
Borrowings (Non-current) ₹0 ₹0 ₹0
Borrowings (Current) ₹329.62 Cr ₹227.99 Cr ₹143.01 Cr
Total Debt (computed) ₹329.62 Cr ₹227.99 Cr ₹143.01 Cr
Current Liabilities ₹455.69 Cr ₹326.35 Cr ₹241.84 Cr
Total Liabilities ₹504.68 Cr ₹365.68 Cr ₹273.46 Cr
Metrics FY 2026 FY 2025 FY 2024
Operating Cash Flow ₹444.67 Cr ₹292.33 Cr ₹189.02 Cr
Investing Cash Flow -₹496.83 Cr -₹320.2 Cr -₹469.31 Cr
Financing Cash Flow ₹64.93 Cr ₹40.17 Cr ₹280.92 Cr
Capital Expenditure ₹454.32 Cr ₹271.13 Cr ₹194.12 Cr
Free Cash Flow (computed) -₹9.65 Cr ₹21.2 Cr -₹5.1 Cr
Dividends Paid ₹28.29 Cr ₹37.68 Cr ₹11.63 Cr
Net Change in Cash ₹12.77 Cr ₹12.3 Cr ₹62.96 Lakh
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24
Revenue from Operations ₹423.84 Cr ₹391.31 Cr ₹377.39 Cr ₹353.8 Cr ₹351.97 Cr ₹354.32 Cr ₹361.13 Cr ₹341.47 Cr ₹343.34 Cr
Other Income ₹6.05 Cr ₹8.16 Cr ₹6.25 Cr ₹10.35 Cr ₹10.03 Cr ₹6.62 Cr ₹13.08 Cr ₹7.61 Cr ₹7.2 Cr
Total Income ₹429.89 Cr ₹399.47 Cr ₹383.64 Cr ₹364.15 Cr ₹362 Cr ₹360.94 Cr ₹374.21 Cr ₹349.07 Cr ₹350.54 Cr
Cost of Materials Consumed ₹157.99 Cr ₹153.93 Cr ₹149.1 Cr ₹145.75 Cr ₹144.48 Cr ₹148.95 Cr ₹165.11 Cr ₹144.25 Cr ₹144.63 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹14.3 Cr ₹6.95 Cr ₹66.3 Lakh ₹3.12 Cr ₹1.06 Cr -₹4.65 Lakh -₹16.48 Cr ₹4.35 Cr ₹4.72 Cr
Employee Benefit Expense ₹36.39 Cr ₹34.39 Cr ₹33.72 Cr ₹32.09 Cr ₹32.25 Cr ₹32.85 Cr ₹30.72 Cr ₹29 Cr ₹29.54 Cr
Finance Costs ₹3.81 Cr ₹2.46 Cr ₹1.89 Cr ₹2.3 Cr ₹2.45 Cr ₹2.15 Cr ₹1.57 Cr ₹1.37 Cr ₹86.37 Lakh
Depreciation & Amortisation ₹24.51 Cr ₹22.43 Cr ₹21.55 Cr ₹20.55 Cr ₹20.28 Cr ₹19.11 Cr ₹19.66 Cr ₹18.01 Cr ₹16.02 Cr
Other Expenses ₹81.82 Cr ₹75.64 Cr ₹78.1 Cr ₹71.69 Cr ₹71.91 Cr ₹71.12 Cr ₹76.42 Cr ₹66.26 Cr ₹67.32 Cr
Total Expenses ₹318.82 Cr ₹295.8 Cr ₹285.03 Cr ₹275.51 Cr ₹272.43 Cr ₹274.12 Cr ₹276.99 Cr ₹263.25 Cr ₹263.09 Cr
Profit Before Exceptional Items & Tax ₹111.07 Cr ₹103.67 Cr ₹98.6 Cr ₹88.64 Cr ₹89.56 Cr ₹86.82 Cr ₹97.22 Cr ₹85.82 Cr ₹87.46 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹111.07 Cr ₹103.67 Cr ₹98.6 Cr ₹88.64 Cr ₹89.56 Cr ₹86.82 Cr ₹97.22 Cr ₹85.82 Cr ₹87.46 Cr
Total Tax Expense ₹27.5 Cr ₹24.73 Cr ₹25.17 Cr ₹22.96 Cr ₹21.93 Cr ₹22.27 Cr ₹25.86 Cr ₹22.02 Cr ₹21.67 Cr
Net Profit ₹83.56 Cr ₹78.94 Cr ₹73.44 Cr ₹65.69 Cr ₹67.63 Cr ₹64.55 Cr ₹71.37 Cr ₹63.8 Cr ₹65.78 Cr
  attributable to Owners ₹0 ₹0 ₹73.44 Cr ₹65.69 Cr ₹0 - ₹71.37 Cr ₹63.8 Cr ₹65.78 Cr
  attributable to NCI ₹0 ₹0 ₹0 ₹0 ₹0 - ₹0 - -
Other Comprehensive Income ₹1.69 Cr ₹1.8 Cr ₹12.05 Lakh -₹4.62 Cr -₹1.24 Cr ₹4.5 Cr -₹3.66 Cr ₹1.9 Cr ₹4.19 Cr
Total Comprehensive Income ₹85.25 Cr ₹80.74 Cr ₹73.56 Cr ₹61.07 Cr ₹66.39 Cr ₹69.05 Cr ₹67.71 Cr ₹65.7 Cr ₹69.97 Cr
EBITDA (computed) ₹139.39 Cr ₹128.56 Cr ₹122.05 Cr ₹111.5 Cr ₹112.3 Cr ₹108.08 Cr ₹118.45 Cr ₹105.21 Cr ₹104.34 Cr
Basic EPS ₹8.86 ₹8.37 ₹7.79 ₹6.97 ₹7.18 ₹6.85 ₹7.58 ₹6.77 ₹7.25
Diluted EPS ₹8.84 ₹8.36 ₹7.78 ₹6.96 ₹7.18 ₹6.84 ₹7.57 ₹6.76 ₹7.24
Latest 9 quarters shown.
Metrics FY 2026 FY 2025 FY 2024
Revenue from Operations ₹1,546.34 Cr ₹1,408.89 Cr ₹1,358.24 Cr
Other Income ₹30.81 Cr ₹37.57 Cr ₹13.36 Cr
Total Income ₹1,577.15 Cr ₹1,446.46 Cr ₹1,371.59 Cr
Cost of Materials Consumed ₹606.77 Cr ₹602.78 Cr ₹629.73 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0
Changes in Inventories ₹25.04 Cr -₹11.11 Cr -₹33.14 Cr
Employee Benefit Expense ₹136.58 Cr ₹124.82 Cr ₹114.46 Cr
Finance Costs ₹10.47 Cr ₹7.53 Cr ₹11.78 Cr
Depreciation & Amortisation ₹89.04 Cr ₹77.06 Cr ₹64.73 Cr
Other Expenses ₹307.25 Cr ₹285.71 Cr ₹259.64 Cr
Total Expenses ₹1,175.16 Cr ₹1,086.79 Cr ₹1,047.2 Cr
Profit Before Exceptional Items & Tax ₹401.99 Cr ₹359.67 Cr ₹324.39 Cr
Exceptional Items ₹0 ₹0 ₹0
Profit Before Tax ₹401.99 Cr ₹359.67 Cr ₹324.39 Cr
Total Tax Expense ₹100.35 Cr ₹92.1 Cr ₹81.41 Cr
Net Profit ₹301.64 Cr ₹267.57 Cr ₹242.99 Cr
Other Comprehensive Income -₹1.01 Cr ₹1.5 Cr ₹6.14 Cr
Total Comprehensive Income ₹300.63 Cr ₹269.08 Cr ₹249.13 Cr
EBITDA (computed) ₹501.51 Cr ₹444.27 Cr ₹400.9 Cr
Basic EPS ₹31.99 ₹28.40 ₹26.78
Diluted EPS ₹31.92 ₹28.39 ₹26.75
Metrics FY 2026 FY 2025 FY 2024
Total Assets ₹2,632.96 Cr ₹2,214.64 Cr ₹1,885.95 Cr
Non-current Assets ₹1,561.96 Cr ₹1,296.04 Cr ₹1,144.3 Cr
Current Assets ₹1,070.99 Cr ₹918.6 Cr ₹741.65 Cr
Property, Plant & Equipment ₹1,096.87 Cr ₹899.08 Cr ₹742.47 Cr
Inventories ₹232.76 Cr ₹232.42 Cr ₹224.17 Cr
Trade Receivables ₹394.78 Cr ₹426.54 Cr ₹356.92 Cr
Cash & Equivalents ₹25.63 Cr ₹12.93 Cr ₹53.77 Lakh
Equity (Net Worth) ₹2,128.28 Cr ₹1,849.69 Cr ₹1,612.49 Cr
Equity Share Capital ₹18.87 Cr ₹18.85 Cr ₹18.84 Cr
Borrowings (Non-current) ₹0 ₹0 ₹0
Borrowings (Current) ₹329.62 Cr ₹227.29 Cr ₹143.01 Cr
Total Debt (computed) ₹329.62 Cr ₹227.29 Cr ₹143.01 Cr
Current Liabilities ₹455.69 Cr ₹325.63 Cr ₹241.83 Cr
Total Liabilities ₹504.68 Cr ₹364.96 Cr ₹273.45 Cr
Metrics FY 2026 FY 2025 FY 2024
Operating Cash Flow ₹444.7 Cr ₹292.36 Cr ₹189.02 Cr
Investing Cash Flow -₹497.63 Cr -₹319.44 Cr -₹469.41 Cr
Financing Cash Flow ₹65.63 Cr ₹39.47 Cr ₹280.92 Cr
Capital Expenditure ₹454.32 Cr ₹270.98 Cr ₹193.62 Cr
Free Cash Flow (computed) -₹9.62 Cr ₹21.37 Cr -₹4.6 Cr
Dividends Paid ₹28.29 Cr ₹37.68 Cr ₹11.63 Cr
Net Change in Cash ₹12.7 Cr ₹12.39 Cr ₹52.46 Lakh
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24
Revenue from Operations ₹423.84 Cr ₹391.31 Cr ₹377.39 Cr ₹353.8 Cr ₹351.97 Cr ₹354.32 Cr ₹361.13 Cr ₹341.47 Cr ₹343.34 Cr ₹341.99 Cr
Other Income ₹6.05 Cr ₹8.16 Cr ₹6.25 Cr ₹10.35 Cr ₹10.14 Cr ₹6.62 Cr ₹13.14 Cr ₹7.66 Cr ₹7.2 Cr ₹3.32 Cr
Total Income ₹429.89 Cr ₹399.47 Cr ₹383.64 Cr ₹364.15 Cr ₹362.12 Cr ₹360.95 Cr ₹374.27 Cr ₹349.13 Cr ₹350.54 Cr ₹345.31 Cr
Cost of Materials Consumed ₹157.99 Cr ₹153.93 Cr ₹149.1 Cr ₹145.75 Cr ₹144.48 Cr ₹148.95 Cr ₹165.11 Cr ₹144.25 Cr ₹144.63 Cr ₹164.19 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹14.3 Cr ₹6.95 Cr ₹66.3 Lakh ₹3.12 Cr ₹1.06 Cr -₹4.65 Lakh -₹16.48 Cr ₹4.35 Cr ₹4.72 Cr -₹11.96 Cr
Employee Benefit Expense ₹36.39 Cr ₹34.39 Cr ₹33.72 Cr ₹32.09 Cr ₹32.25 Cr ₹32.85 Cr ₹30.72 Cr ₹29 Cr ₹29.54 Cr ₹30.72 Cr
Finance Costs ₹3.81 Cr ₹2.46 Cr ₹1.89 Cr ₹2.3 Cr ₹2.45 Cr ₹2.15 Cr ₹1.57 Cr ₹1.37 Cr ₹86.37 Lakh ₹3.78 Cr
Depreciation & Amortisation ₹24.51 Cr ₹22.43 Cr ₹21.55 Cr ₹20.55 Cr ₹20.28 Cr ₹19.11 Cr ₹19.66 Cr ₹18.01 Cr ₹16.02 Cr ₹17.06 Cr
Other Expenses ₹81.82 Cr ₹75.64 Cr ₹78.1 Cr ₹71.69 Cr ₹71.91 Cr ₹71.12 Cr ₹76.42 Cr ₹66.26 Cr ₹67.31 Cr ₹63.86 Cr
Total Expenses ₹318.82 Cr ₹295.8 Cr ₹285.03 Cr ₹275.51 Cr ₹272.43 Cr ₹274.13 Cr ₹276.99 Cr ₹263.25 Cr ₹263.08 Cr ₹267.65 Cr
Profit Before Exceptional Items & Tax ₹111.07 Cr ₹103.68 Cr ₹98.61 Cr ₹88.65 Cr ₹89.68 Cr ₹86.82 Cr ₹97.28 Cr ₹85.88 Cr ₹87.46 Cr ₹77.67 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹111.07 Cr ₹103.68 Cr ₹98.61 Cr ₹88.65 Cr ₹89.68 Cr ₹86.82 Cr ₹97.28 Cr ₹85.88 Cr ₹87.46 Cr ₹77.67 Cr
Total Tax Expense ₹27.5 Cr ₹24.73 Cr ₹25.17 Cr ₹22.96 Cr ₹21.92 Cr ₹22.3 Cr ₹25.86 Cr ₹22.02 Cr ₹21.67 Cr ₹19.77 Cr
Net Profit ₹83.56 Cr ₹78.95 Cr ₹73.44 Cr ₹65.69 Cr ₹67.77 Cr ₹64.52 Cr ₹71.43 Cr ₹63.86 Cr ₹65.79 Cr ₹57.9 Cr
Other Comprehensive Income ₹1.69 Cr ₹1.8 Cr ₹12.05 Lakh -₹4.62 Cr -₹1.24 Cr ₹4.5 Cr -₹3.66 Cr ₹1.9 Cr ₹4.19 Cr -₹3.82 Cr
Total Comprehensive Income ₹85.25 Cr ₹80.75 Cr ₹73.56 Cr ₹61.07 Cr ₹66.53 Cr ₹69.02 Cr ₹67.77 Cr ₹65.75 Cr ₹69.98 Cr ₹54.08 Cr
EBITDA (computed) ₹139.39 Cr ₹128.57 Cr ₹122.05 Cr ₹111.5 Cr ₹112.42 Cr ₹108.08 Cr ₹118.51 Cr ₹105.27 Cr ₹104.34 Cr ₹98.5 Cr
Basic EPS ₹8.86 ₹8.37 ₹7.79 ₹6.97 ₹7.19 ₹6.85 ₹7.58 ₹6.78 ₹7.25 ₹6.15
Diluted EPS ₹8.84 ₹8.36 ₹7.78 ₹6.96 ₹7.19 ₹6.84 ₹7.57 ₹6.77 ₹7.24 ₹6.14
Latest 10 quarters shown.
Want more history and ratios?
You're viewing the latest exchange-filed financials for Happy Forgings Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Happy Forgings Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 78.48%, foreign institutional investors hold 1.73%, domestic institutional investors hold 16.48%, retail and other public shareholders hold 3.31% of Happy Forgings Limited. The company had 57,815 shareholders on record.

Promoters: 78.48%DII (Domestic Institutional): 16.48%FII (Foreign Institutional): 1.73%Retail & Others: 3.31%
Mar 2026
QUARTER
78.48% Promoters
16.48% DII (Domestic Institutional)
1.73% FII (Foreign Institutional)
3.31% Retail & Others
Promoter holding - history
Now 78.48% · Mar 2026High 78.60% · Dec 2023Low 78.48% · Mar 2026
77%77.8%78.5%79.3%80%Dec 2023Jun 2024Dec 2024Jun 2025Dec 2025Dec 2023: 78.60%Mar 2024: 78.60%Jun 2024: 78.60%Sep 2024: 78.60%Dec 2024: 78.60%Mar 2025: 78.57%Jun 2025: 78.54%Sep 2025: 78.52%Dec 2025: 78.50%Mar 2026: 78.48%78.60%78.48%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters78.48%78.50%78.52%78.54%78.57%78.60%
Public21.52%21.50%21.48%21.46%21.43%21.40%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024
Promoters78.48%78.57%78.60%
Public21.52%21.43%21.40%
Promoter change (YoY, %pts)-0.09-0.03-

Board & Governance of Happy Forgings Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Happy Forgings Limited has 6 directors - 3 independent and 3 executive. The board is chaired by PARITOSH KUMAR.

DirectorPositionOn board sinceListed boards
PARITOSH KUMAR Executive Director · MD · Chairperson 2016-02-11 1
ASHISH GARG Executive Director · MD 2015-12-02 1
MEGHA GARG Executive Director 2015-12-07 1
RAVINDRA PISHARODY Non-Executive - Independent Director 2022-06-16 4
RAJESWARI KARTHIGEYAN Non-Executive - Independent Director 2023-05-30 2
ATUL B. LALL Non-Executive - Independent Director 2023-07-31 4
Board Committees
CommitteeMembers
Audit Committee RAJESWARI KARTHIGEYAN (Chairperson), RAVINDRA PISHARODY, ATUL B. LALL, ASHISH GARG
Nomination and remuneration committee RAVINDRA PISHARODY (Chairperson), RAJESWARI KARTHIGEYAN, ATUL B. LALL
Stakeholders Relationship Committee RAVINDRA PISHARODY (Chairperson), MEGHA GARG, ASHISH GARG
Risk Management Committee ASHISH GARG (Chairperson), RAJESWARI KARTHIGEYAN, MEGHA GARG
Corporate Social Responsibility Committee PARITOSH KUMAR (Chairperson), ASHISH GARG, RAVINDRA PISHARODY, RAJESWARI KARTHIGEYAN

Group Structure of Happy Forgings Limited

Happy Forgings Limited has 1 subsidiary company. This group structure data is as of FY 2024. The corporate group structure reflects Happy Forgings Limited's business expansion strategy and organizational complexity.

1
Subsidiary companies
Key Subsidiaries
Company Name CIN Shares Held
Hfl Technologies Private Limited U28220PB2024PTC061063 -

Showing major subsidiaries. Total: 1.

Charges & Borrowings of Happy Forgings Limited

Open charges
₹210 Cr
Satisfied charges
₹913.06 Cr
Breakdown by lending institutions
Yes Bank Limited₹90.00 Cr
Others₹70.00 Cr
Hdfc Bank Limited₹50.00 Cr
Latest charge details
DateLenderAmountStatus
04 Feb 2020 Hdfc Bank Limited ₹50 Cr Open
09 Apr 2018 Yes Bank Limited ₹90 Cr Open
01 Dec 2017 Others ₹70 Cr Open
10 Nov 2021 Others ₹55 Cr Satisfied
29 Oct 2021 Hdfc Bank Limited ₹40 Cr Satisfied

Total charge records: 46 View all charges

Employees and EPFO Compliance at Happy Forgings Limited

Happy Forgings Limited has a workforce of 1,827 employees as of Oct 16, 2025.

Employee count
1,827
Active EPFO establishments
1
Employee growth
-0.76%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Happy Forgings Limited

Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.

Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Happy Forgings Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Happy Forgings Limited

Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.

GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Happy Forgings Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Happy Forgings Limited

Access complete credit rating history, litigation records, regulatory alerts, and compliance data.

Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Happy Forgings Limited

MSME Payment Delays by Happy Forgings Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Happy Forgings Limited

Subsidiaries & Group Companies of Happy Forgings Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Happy Forgings Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Happy Forgings Limited

MCA Filings & Documents of Happy Forgings Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Happy Forgings Limited

Charges
30 Dec 2025
A charge registered on 10 Nov 2021 via Charge ID 100507580 with Others was fully satisfied on 30 Dec 2025.
Charges
02 Dec 2025
A charge registered on 01 Dec 2017 via Charge ID 100150089 with Others was fully satisfied on 02 Dec 2025.
Activity
29 Jul 2025
Happy Forgings Limited last Annual general meeting of members was held on 29 Jul 2025 as per latest MCA records.
Activity
31 Mar 2025
Happy Forgings Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
19 Mar 2025
A charge registered on 27 Oct 2021 via Charge ID 100501675 with Others was fully satisfied on 19 Mar 2025.
Charges
07 Feb 2024
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.

Recent News on Happy Forgings Limited

Stocks that will see action today: February 7, 2025
07 Feb 2025 · Thehindubusinessline

Frequently Asked Questions about Happy Forgings Limited

Happy Forgings Limited is an active public limited company in the automotive sector based in Ludhiana, Punjab, India. It was incorporated on 02 July 1979 (47+ years old) and is registered under CIN L28910PB1979PLC004008. The company has 1,827 employees.

Happy Forgings Limited reported revenue of ₹1,446.34 Cr for FY 2025 (up 5.00% YoY).

The current directors of Happy Forgings Limited are:

The primary industry of Happy Forgings Limited is automotive. The company specifically operates in auto parts and components. The company is currently active in this sector.

Yes, Happy Forgings Limited is a listed company.

Happy Forgings Limited can be reached at the registered office: Bxxix 22541 Kanganwal Road, P.O. Jugiana Ludhiana, Punjab, India – 141120, or through the website happyforgingsltd.com.

7M+ Indian companies. One platform.

Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

Subscription plans available