Happy Forgings

Happy Forgings FCF Conversion

The FCF Conversion Rate (FCF/EBITDA) of Happy Forgings (HAPPYFORGE.NS) as of Oct 19, 2026 is 0.36 %. In the previous year, FCF Conversion Rate (FCF/EBITDA) was 7.93 % — a change of -95.44% (lower).

FCF Conversion

0.36 %

YoY

-95.44%

Last updated:

FCF Conversion Rate (FCF/EBITDA) of Happy Forgings is 2025 0.36 % . FCF Conversion Rate (FCF/EBITDA) of Happy Forgings was 2024 7.93 % . It decreases by -95.44% lower compared to the previous year.

The Happy Forgings FCF Conversion history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

FCF Conversion
Date
FCF Conversion
Jan 1, 2019
84.62 INR
Jan 1, 2020
-72.96 INR
Jan 1, 2021
-77.69 INR
Jan 1, 2022
16.71 INR
Jan 1, 2023
-2.10 INR
Jan 1, 2024
7.93 INR
Jan 1, 2025
0.36 INR
The Happy Forgings FCF Conversion history
YEARFCF ConversionYoY
0.36 %-95.44%
7.93 %-477.97%
-2.10 %-112.55%
16.71 %-121.51%
-77.69 %+6.49%
-72.96 %-186.22%
84.62 %—

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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

FCF Conversion Rate (FCF/EBITDA) of Happy Forgings is 0.36 % in 2025.

FCF Conversion Rate (FCF/EBITDA) of Happy Forgings changed from 7.93 % to 0.36 %, representing a -95.44% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of FCF Conversion Rate (FCF/EBITDA) Happy Forgings since 2006 – with annual values, charts, and detailed analysis.

FCF conversion measures how effectively EBITDA converts to free cash flow. Higher conversion indicates efficient capital allocation and low maintenance costs.

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

To evaluate FCF Conversion Rate (FCF/EBITDA)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for FCF Conversion Rate (FCF/EBITDA).

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Cash Flow — Happy Forgings

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