Happy Forgings

Happy Forgings Cash Conversion

The Cash Conversion Rate (OCF/Net Income) of Happy Forgings (HAPPYFORGE.NS) as of Oct 19, 2026 is 150.98 %. In the previous year, Cash Conversion Rate (OCF/Net Income) was 109.31 % — a change of 38.12% (higher).

Cash Conversion

150.98 %

YoY

38.12%

Last updated:

Cash Conversion Rate (OCF/Net Income) of Happy Forgings is 2025 150.98 % . Cash Conversion Rate (OCF/Net Income) of Happy Forgings was 2024 109.31 % . It decreases by 38.12% higher compared to the previous year.

The Happy Forgings Cash Conversion history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Cash Conversion
Date
Cash Conversion
Jan 1, 2019
211.05 INR
Jan 1, 2020
33.07 INR
Jan 1, 2021
56.43 INR
Jan 1, 2022
100.36 INR
Jan 1, 2023
77.79 INR
Jan 1, 2024
109.31 INR
Jan 1, 2025
150.98 INR
The Happy Forgings Cash Conversion history
YEARCash ConversionYoY
150.98 %+38.12%
109.31 %+40.51%
77.79 %-22.49%
100.36 %+77.85%
56.43 %+70.62%
33.07 %-84.33%
211.05 %—

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Happy Forgings Stock analysis

What does Happy Forgings do? Happy Forgings Ltd is an Indian company headquartered in Ludhiana, Punjab, operating in the Industrials sector within the Machinery industry. The company went public via an IPO on December 27, 2023. It manufactures heavy forged and high precision machined components, including crankshafts, differential cases, front axle components, railway parts, suspension products, transmission parts, and windmill application products. Among its windmill products, the company produces three critical components: the planet carrier, pinion shaft, and housing. For railway applications, it offers components such as camshafts, connecting rods, piston pins, and spacers. Happy Forgings Ltd primarily serves domestic and global original equipment manufacturers (OEMs) in the automotive sector, particularly those producing commercial vehicles. The company also supplies manufacturers of farm equipment, off-highway vehicles, and industrial equipment for sectors including oil and gas, power generation, railways, and wind turbines. Its website is https://happyforgingsltd.com. The company's ISIN is INE330T01021, and it trades under the ticker HAPPYFORGE.NS on the Indian stock market. Happy Forgings is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Happy Forgings stock

Cash Conversion Rate (OCF/Net Income) of Happy Forgings is 150.98 % in 2025.

Cash Conversion Rate (OCF/Net Income) of Happy Forgings changed from 109.31 % to 150.98 %, representing a 38.12% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Cash Conversion Rate (OCF/Net Income) Happy Forgings since 2006 – with annual values, charts, and detailed analysis.

Cash conversion measures how effectively net income converts to operating cash flow. Ratios above 100% indicate high-quality, cash-backed earnings.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Cash Conversion Rate (OCF/Net Income)'s Happy Forgings with sector peers and the industry average to assess whether it is attractive.

To evaluate Cash Conversion Rate (OCF/Net Income)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Cash Conversion Rate (OCF/Net Income).

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Cash Flow — Happy Forgings

Operating Cash FlowCapital ExpendituresFree Cash FlowFCF per ShareDividends PaidShare BuybacksInvesting Cash FlowFinancing Cash FlowCapEx / RevenueCash Flow per ShareStock-Based CompensationChange in Working CapitalAcquisitions (Net)Net Change in CashCapEx/OCFFCF/Net IncomeFCF ConversionCash ConversionTotal Shareholder PayoutCapEx/D&A

All Key Metrics — Happy Forgings