Happy Forgings credit ratios

Profitability Growth Credit Liquidity Working capital Dividend yield DuPont CAGR

Per cent unless marked ×

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024


330	330	228	143
39.7	39.7	11.8	25.5
0.15×	0.15×	0.12×	0.09×
0.02×	0.02×	0.01×	0.02×
0.70×	0.70×	0.56×	0.37×
0.08×	0.08×	0.03×	0.07×
36.44×	36.44×	43.76×	27.41×
13.4%	13.4%	11.0%	8.1%
0.16×	0.15×	0.12×	—
42.49×	40.66×	50.46×	3.00×
42.49×	40.66×	50.46×	—

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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

Profitability Growth Credit Liquidity Working Capital Yield Analysis DuPont

Ratios — % unless marked × 12 Months Ending	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Total Debt	143.0	228.0	329.6	329.6
Net Debt	25.5	11.8	39.7	39.7
Total Debt/Equity	0.09	0.12	0.15	0.15
Net Debt/Equity	0.02	0.01	0.02	0.02
Total Debt/EBITDA	0.37	0.56	0.70	0.70
Net Debt/EBITDA	0.07	0.03	0.08	0.08
Interest Coverage (EBIT/Interest)	27.41	43.76	36.44	36.44
Total Debt/Total Capital %	8.15	10.97	13.41	13.41
As Filed — company-reported covenants
Debt/Equity (as filed)	—	0.12	0.15	0.16
Debt Service Coverage (as filed)	3.00	50.46	40.66	42.49
Interest Service Coverage (as filed)	—	50.46	40.66	42.49

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%.