Happy Forgings

Happy Forgings Cash Conversion Cycle

The Cash Conversion Cycle (CCC) of Happy Forgings (HAPPYFORGE.NS) as of Oct 19, 2026 is 73.78. In the previous year, Cash Conversion Cycle (CCC) was 99.74 — a change of -26.03% (lower).

Cash Conversion Cycle

73.78

YoY

-26.03%

Last updated:

Cash Conversion Cycle (CCC) of Happy Forgings is 2025 73.78 . Cash Conversion Cycle (CCC) of Happy Forgings was 2024 99.74 . It decreases by -26.03% lower compared to the previous year.

The Happy Forgings Cash Conversion Cycle history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Cash Conversion Cycle
Date
Cash Conversion Cycle
Jan 1, 2019
55.59 INR
Jan 1, 2020
97.56 INR
Jan 1, 2021
115.95 INR
Jan 1, 2022
71.99 INR
Jan 1, 2023
90.82 INR
Jan 1, 2024
99.74 INR
Jan 1, 2025
73.78 INR
The Happy Forgings Cash Conversion Cycle history
YEARCash Conversion CycleYoY
73.78-26.03%
99.74+9.82%
90.82+26.15%
71.99-37.91%
115.95+18.85%
97.56+75.48%
55.59—

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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 Cycle (CCC) of Happy Forgings is 73.78 in 2025.

Cash Conversion Cycle (CCC) of Happy Forgings changed from 99.74 to 73.78, representing a -26.03% change. The value is lower than the previous year.

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

The Cash Conversion Cycle measures how long it takes to convert inventory investments into cash from sales. A shorter CCC indicates more efficient working capital management.

CCC = DSO + DIO - DPO

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

To evaluate Cash Conversion Cycle (CCC)'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 Cycle (CCC).

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Profitability — Happy Forgings

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