Happy Forgings

Happy Forgings Net Debt

The Net Debt of Happy Forgings (HAPPYFORGE.NS) as of Oct 19, 2026 is 396.52 M INR. In the previous year, Net Debt was 118.46 M INR — a change of 234.72% (higher).

Net Debt

396.52 MINR

YoY

234.72%

Last updated:

Net Debt of Happy Forgings is 2025 396.52 M INR. Net Debt of Happy Forgings was 2024 118.46 M INR. It decreases by 234.72% higher compared to the previous year.

The Happy Forgings Net Debt history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Net Debt
Date
Net Debt
Jan 1, 2019
777.59 M INR
Jan 1, 2020
1.26 B INR
Jan 1, 2021
2.39 B INR
Jan 1, 2022
2.18 B INR
Jan 1, 2023
213.48 M INR
Jan 1, 2024
118.46 M INR
Jan 1, 2025
396.52 M INR
The Happy Forgings Net Debt history
YEARNet DebtYoY
396.52 MINR+234.72%
118.46 MINR-44.51%
213.48 MINR-90.22%
2.18 BINR-8.67%
2.39 BINR+90.07%
1.26 BINR+61.64%
777.59 MINR—

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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

Net Debt of Happy Forgings is 396.52 M INR in 2025.

Net Debt of Happy Forgings changed from 118.46 M INR to 396.52 M INR, representing a 234.72% change. The value is higher than the previous year.

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

Net debt is total debt minus cash and cash equivalents. It shows the actual debt burden after accounting for available liquid resources.

Net Debt's INR is a key factor for investors. Changes in this metric can signal improving or deteriorating fundamentals, directly impacting the stock price. On Eulerpool, you can track Net Debt's Happy Forgings historically and in real time.

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Balance Sheet — Happy Forgings

All Key Metrics — Happy Forgings