Happy Forgings profitability 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

Returns
	15.2%	15.2%	15.5%	15.1%
	12.4%	12.4%	13.0%	12.9%
	18.8%	18.8%	18.7%	19.6%
	14.2%	13.0%	12.4%	13.8%
Margins
	31.1%	30.4%	28.9%	28.5%
	24.7%	24.7%	23.4%	23.8%
	—	37.8%	13.5%	—
	26.6%	26.0%	25.5%	23.9%
	19.9%	19.5%	19.0%	17.9%
	—	19.5%	19.0%	17.9%
	−1.1%	−1.1%	0.8%	−0.4%
Additional
	24.9%	25.0%	25.6%	25.1%
	—	9.4%	14.1%	4.8%
	15.2%	13.7%	13.3%	14.3%

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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
Returns
Return on Common Equity	15.07	15.45	15.17	15.17
Return on Assets	12.88	13.04	12.44	12.44
Return on Capital Employed	19.63	18.66	18.77	18.77
Return on Invested Capital	13.78	12.35	13.05	14.22
Margins
EBITDA Margin	28.53	28.87	30.44	31.08
Operating Margin	23.77	23.40	24.68	24.68
Incremental Operating Margin	—	13.48	37.84	—
Pretax Margin	23.88	25.52	26.00	26.55
Net Income Margin	17.89	18.98	19.51	19.94
Net Income to Common Margin	17.89	18.98	19.51	—
FCF Margin	-0.38	0.81	-1.07	-1.07
Additional
Effective Tax Rate	25.09	25.62	24.96	24.90
Dvd Payout Ratio	4.79	14.09	9.38	—
Sustainable Growth Rate	14.35	13.27	13.75	15.17

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%.