Happy Forgings

Happy Forgings Equity Ratio

The Equity Ratio of Happy Forgings (HAPPYFORGE.NS) as of Oct 19, 2026 is 80.83 %. In the previous year, Equity Ratio was 83.49 % — a change of -3.19% (lower).

Equity Ratio

80.83 %

YoY

-3.19%

Last updated:

Equity Ratio of Happy Forgings is 2025 80.83 % . Equity Ratio of Happy Forgings was 2024 83.49 % . It decreases by -3.19% lower compared to the previous year.

The Happy Forgings Equity Ratio history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Equity Ratio
Date
Equity Ratio
Jan 1, 2019
73.19 INR
Jan 1, 2020
73.62 INR
Jan 1, 2021
69.71 INR
Jan 1, 2022
74.52 INR
Jan 1, 2023
85.50 INR
Jan 1, 2024
83.49 INR
Jan 1, 2025
80.83 INR
The Happy Forgings Equity Ratio history
YEAREquity RatioYoY
80.83 %-3.19%
83.49 %-2.35%
85.50 %+14.73%
74.52 %+6.91%
69.71 %-5.31%
73.62 %+0.58%
73.19 %—

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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

Equity Ratio of Happy Forgings is 80.83 % in 2025.

Equity Ratio of Happy Forgings changed from 83.49 % to 80.83 %, representing a -3.19% change. The value is lower than the previous year.

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

The equity ratio measures the proportion of total assets financed by shareholders' equity. Higher ratios indicate stronger financial independence and lower leverage.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Equity 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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