Happy Forgings

Happy Forgings CROIC

The Cash Return on Invested Capital (CROIC) of Happy Forgings (HAPPYFORGE.NS) as of Oct 19, 2026 is 0.04 %. In the previous year, Cash Return on Invested Capital (CROIC) was 1.02 % — a change of -95.66% (lower).

CROIC

0.04 %

YoY

-95.66%

Last updated:

Cash Return on Invested Capital (CROIC) of Happy Forgings is 2025 0.04 % . Cash Return on Invested Capital (CROIC) of Happy Forgings was 2024 1.02 % . It decreases by -95.66% lower compared to the previous year.

The Happy Forgings CROIC history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

CROIC
Date
CROIC
Jan 1, 2019
9.99 INR
Jan 1, 2020
-7.90 INR
Jan 1, 2021
-10.75 INR
Jan 1, 2022
2.89 INR
Jan 1, 2023
-0.29 INR
Jan 1, 2024
1.02 INR
Jan 1, 2025
0.04 INR
The Happy Forgings CROIC history
YEARCROICYoY
0.04 %-95.66%
1.02 %-451.53%
-0.29 %-110.05%
2.89 %-126.87%
-10.75 %+36.17%
-7.90 %-179.03%
9.99 %—

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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 Return on Invested Capital (CROIC) of Happy Forgings is 0.04 % in 2025.

Cash Return on Invested Capital (CROIC) of Happy Forgings changed from 1.02 % to 0.04 %, representing a -95.66% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Cash Return on Invested Capital (CROIC) Happy Forgings since 2006 – with annual values, charts, and detailed analysis.

CROIC measures the cash return generated on invested capital. Unlike ROIC, it uses free cash flow instead of accounting earnings, providing a purer profitability measure.

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

To evaluate Cash Return on Invested Capital (CROIC)'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 Return on Invested Capital (CROIC).

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Profitability — Happy Forgings

All Key Metrics — Happy Forgings