Happy Forgings

Happy Forgings DSCR

The Debt Service Coverage Ratio (DSCR) of Happy Forgings (HAPPYFORGE.NS) as of Oct 19, 2026 is 1.38. In the previous year, Debt Service Coverage Ratio (DSCR) was 1.28 — a change of 7.75% (higher).

DSCR

1.38

YoY

7.75%

Last updated:

Debt Service Coverage Ratio (DSCR) of Happy Forgings is 2025 1.38 . Debt Service Coverage Ratio (DSCR) of Happy Forgings was 2024 1.28 . It decreases by 7.75% higher compared to the previous year.

The Happy Forgings DSCR history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

DSCR
Date
DSCR
Jan 1, 2019
1.42 INR
Jan 1, 2020
0.19 INR
Jan 1, 2021
0.33 INR
Jan 1, 2022
0.96 INR
Jan 1, 2023
1.32 INR
Jan 1, 2024
1.28 INR
Jan 1, 2025
1.38 INR
The Happy Forgings DSCR history
YEARDSCRYoY
1.38+7.75%
1.28-2.99%
1.32+37.90%
0.96+186.93%
0.33+79.32%
0.19-86.93%
1.42—

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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

Debt Service Coverage Ratio (DSCR) of Happy Forgings is 1.38 in 2025.

Debt Service Coverage Ratio (DSCR) of Happy Forgings changed from 1.28 to 1.38, representing a 7.75% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Debt Service Coverage Ratio (DSCR) Happy Forgings since 2006 – with annual values, charts, and detailed analysis.

The DSCR measures a company's ability to service its debt obligations from operating income. A ratio above 1.0 indicates sufficient income to cover debt payments.

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

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Leverage — Happy Forgings

Debt-to-EquityNet Debt / EBITDAInterest CoverageCurrent RatioQuick RatioCash RatioDebt / AssetsFinancial LeverageEquity RatioLT Debt/EquityNet Debt/EquityDebt/EBITDADSCRFinancial Debt RatioOCF/DebtFCF/DebtNet Debt/FCFDebt/Market Cap

All Key Metrics — Happy Forgings