Happy Forgings balance sheet

As of Mar 2026

Total assets: ₹2,633cr+18.9% on Mar 2025
Shareholders' equity: ₹2,128cr+15.1% on Mar 2025
Total debt: ₹330cr+44.6% on Mar 2025
Cash and investments: ₹263cr+184.0% on Mar 2025

₹ crore except per share

Tap a line for its trend	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024

Non-current assets
	1,097	900	742
	229	116	122
	11.0	8.1	1.2
	8.1	6.4	4.8
	40.7	151	204
	40.7	151	204
	175	115	69.9
	1,562	1,297	1,144
Current assets
	233	232	224
	237	79.6	0.0
	395	427	357
	25.7	12.9	0.6
	27.2	124	117
	0.2	0.3	0.2
	139	29.3	12.3
	824	672	487
	14.8	13.9	30.6
	1,071	919	742
	2,633	2,215	1,886
Equity
	18.9	18.8	18.8
	2,109	1,831	1,594
	2,128	1,850	1,612
	2,128	1,850	1,612
Liabilities
	49.0	39.3	31.6
	49.0	39.3	31.6
	330	228	143
	59.4	45.4	55.5
	40.9	25.3	27.9
	430	299	226
	0.0	4.9	4.5
	—	3.5	1.8
	25.7	19.4	9.2
	456	326	242
	505	366	273
	2,633	2,215	1,886
Trade payables — MSME split
	14.6	7.7	—
	44.8	37.7	—

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

HAPPYFORGE₹1,800.10

Happy Forgings Limited

· Capital Goods & Defence

₹ CrorePeersSTEELCAS NELCAST SGIL KALYANIFRG HILTONMcap ₹16,984 Cr

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In ₹ Crore except Per Share As of	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Non-current Assets
+ Property, Plant & Equipment	742.5	899.6	1,097.4	1,097.4
+ Capital Work-in-Progress	121.9	116.4	229.4	229.4
+ Other Intangibles	1.2	8.1	11.0	11.0
+ Intangibles under Development	4.8	6.4	8.1	8.1
+ Other Non-current Financial Assets	204.0	151.1	40.7	40.7
Non-current Financial Assets	204.0	151.1	40.7	40.7
+ Other Non-current Assets	69.9	115.0	175.1	175.1
Total Non-current Assets	1,144.2	1,296.6	1,561.7	1,561.7
Current Assets
+ Inventories	224.2	232.4	232.8	232.8
+ Current Investments	0.0	79.6	237.0	237.0
+ Trade Receivables	356.9	426.5	394.8	394.8
+ Cash & Cash Equivalents	0.6	12.9	25.7	25.7
+ Other Bank Balances	116.8	123.6	27.2	27.2
+ Short-term Loans	0.2	0.3	0.2	0.2
+ Other Current Financial Assets	12.3	29.3	138.6	138.6
Current Financial Assets	487.0	672.4	823.5	823.5
+ Other Current Assets	30.6	13.9	14.8	14.8
Total Current Assets	741.8	918.6	1,071.1	1,071.1
Total Assets	1,886.0	2,215.2	2,632.8	2,632.8
Equity
+ Equity Share Capital	18.8	18.8	18.9	18.9
+ Other Equity / Reserves	1,593.7	1,830.7	2,109.3	2,109.3
Equity — Owners of Parent	1,612.5	1,849.5	2,128.1	2,128.1
Total Equity	1,612.5	1,849.5	2,128.1	2,128.1
Liabilities
+ Deferred Tax Liabilities	31.6	39.3	49.0	49.0
Non-current Liabilities	31.6	39.3	49.0	49.0
+ Borrowings — Current	143.0	228.0	329.6	329.6
+ Trade Payables	55.5	45.4	59.4	59.4
+ Other Current Financial Liab	27.9	25.3	40.9	40.9
Current Financial Liabilities	226.4	298.6	430.0	430.0
+ Provisions — Current	4.5	4.9	0.0	0.0
+ Current Tax Liabilities	1.8	3.5	—	—
+ Other Current Liabilities	9.2	19.4	25.7	25.7
Current Liabilities	241.8	326.3	455.7	455.7
Total Liabilities	273.5	365.7	504.7	504.7
Total Equity & Liabilities	1,886.0	2,215.2	2,632.8	2,632.8
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	7.7	14.6	14.6
+ Dues to Other Creditors — Current	—	37.7	44.8	44.8

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.