Happy Forgings

Happy Forgings Debt/EBITDA

The Total Debt to EBITDA Ratio of Happy Forgings (HAPPYFORGE.NS) as of Oct 19, 2026 is 0.67. In the previous year, Total Debt to EBITDA Ratio was 0.58 — a change of 16.58% (higher).

Debt/EBITDA

0.67

YoY

16.58%

Last updated:

Total Debt to EBITDA Ratio of Happy Forgings is 2025 0.67 . Total Debt to EBITDA Ratio of Happy Forgings was 2024 0.58 . It decreases by 16.58% higher compared to the previous year.

The Happy Forgings Debt/EBITDA history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Debt/EBITDA
Date
Debt/EBITDA
Jan 1, 2019
1.04 INR
Jan 1, 2020
1.24 INR
Jan 1, 2021
1.24 INR
Jan 1, 2022
0.66 INR
Jan 1, 2023
0.37 INR
Jan 1, 2024
0.58 INR
Jan 1, 2025
0.67 INR
The Happy Forgings Debt/EBITDA history
YEARDebt/EBITDAYoY
0.67+16.58%
0.58+57.35%
0.37-44.79%
0.66-46.57%
1.24+0.60%
1.24+19.14%
1.04—

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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

Total Debt to EBITDA Ratio of Happy Forgings is 0.67 in 2025.

Total Debt to EBITDA Ratio of Happy Forgings changed from 0.58 to 0.67, representing a 16.58% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Total Debt to EBITDA Ratio Happy Forgings since 2006 – with annual values, charts, and detailed analysis.

Debt/EBITDA measures total debt relative to earnings before interest, taxes, depreciation, and amortization. It indicates the years needed to repay all debt from EBITDA.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Total Debt to EBITDA Ratio's Happy Forgings with sector peers and the industry average to assess whether it is attractive.

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Leverage — Happy Forgings

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