Happy Forgings

Happy Forgings Interest Coverage

The Interest Coverage Ratio of Happy Forgings (HAPPYFORGE.NS) as of Oct 19, 2026 is 15.16. In the previous year, Interest Coverage Ratio was 75.51 — a change of -79.92% (lower).

Interest Coverage

15.16

YoY

-79.92%

Last updated:

Interest Coverage Ratio of Happy Forgings is 2025 15.16 . Interest Coverage Ratio of Happy Forgings was 2024 75.51 . It decreases by -79.92% lower compared to the previous year.

The Happy Forgings Interest Coverage history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Interest Coverage
Date
Interest Coverage
Jan 1, 2022
199.80 INR
Jan 1, 2023
47.15 INR
Jan 1, 2024
75.51 INR
Jan 1, 2025
15.16 INR
The Happy Forgings Interest Coverage history
YEARInterest CoverageYoY
15.16-79.92%
75.51+60.15%
47.15-76.40%
199.80—

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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

Interest Coverage Ratio of Happy Forgings is 15.16 in 2025.

Interest Coverage Ratio of Happy Forgings changed from 75.51 to 15.16, representing a -79.92% change. The value is lower than the previous year.

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

The Interest Coverage ratio measures a company's ability to pay interest on its debt. Higher ratios indicate greater financial strength and lower default risk.

Interest Coverage = EBIT / Interest Expense

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