Happy Forgings

Happy Forgings Financial Leverage

The Financial Leverage (Equity Multiplier) of Happy Forgings (HAPPYFORGE.NS) as of Oct 19, 2026 is 1.24. In the previous year, Financial Leverage (Equity Multiplier) was 1.20 — a change of 3.29% (higher).

Financial Leverage

1.24

YoY

3.29%

Last updated:

Financial Leverage (Equity Multiplier) of Happy Forgings is 2025 1.24 . Financial Leverage (Equity Multiplier) of Happy Forgings was 2024 1.20 . It decreases by 3.29% higher compared to the previous year.

The Happy Forgings Financial Leverage history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Financial Leverage
Date
Financial Leverage
Jan 1, 2019
1.37 INR
Jan 1, 2020
1.36 INR
Jan 1, 2021
1.43 INR
Jan 1, 2022
1.34 INR
Jan 1, 2023
1.17 INR
Jan 1, 2024
1.20 INR
Jan 1, 2025
1.24 INR
The Happy Forgings Financial Leverage history
YEARFinancial LeverageYoY
1.24+3.29%
1.20+2.40%
1.17-12.84%
1.34-6.46%
1.43+5.60%
1.36-0.57%
1.37—

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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

Financial Leverage (Equity Multiplier) of Happy Forgings is 1.24 in 2025.

Financial Leverage (Equity Multiplier) of Happy Forgings changed from 1.20 to 1.24, representing a 3.29% change. The value is higher than the previous year.

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

Financial leverage, also known as the equity multiplier, measures total assets relative to equity. Higher leverage amplifies both returns and risks.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Financial Leverage (Equity Multiplier)'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