Happy Forgings

Happy Forgings Net Debt/FCF

The Net Debt to Free Cash Flow Ratio of Happy Forgings (HAPPYFORGE.NS) as of Oct 19, 2026 is 36.39. In the previous year, Net Debt to Free Cash Flow Ratio was 0.56 — a change of 6,412.90% (higher).

Net Debt/FCF

36.39

YoY

6,412.90%

Last updated:

Net Debt to Free Cash Flow Ratio of Happy Forgings is 2025 36.39 . Net Debt to Free Cash Flow Ratio of Happy Forgings was 2024 0.56 . It decreases by 6,412.90% higher compared to the previous year.

The Happy Forgings Net Debt/FCF history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Net Debt/FCF
Date
Net Debt/FCF
Jan 1, 2019
1.15 INR
Jan 1, 2020
-1.99 INR
Jan 1, 2021
-2.16 INR
Jan 1, 2022
6.26 INR
Jan 1, 2023
-4.19 INR
Jan 1, 2024
0.56 INR
Jan 1, 2025
36.39 INR
The Happy Forgings Net Debt/FCF history
YEARNet Debt/FCFYoY
36.39+6,412.90%
0.56-113.34%
-4.19-166.95%
6.26-389.54%
-2.16+8.44%
-1.99-273.35%
1.15—

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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 to Free Cash Flow Ratio of Happy Forgings is 36.39 in 2025.

Net Debt to Free Cash Flow Ratio of Happy Forgings changed from 0.56 to 36.39, representing a 6,412.90% change. The value is higher than the previous year.

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

Net Debt/FCF indicates how many years it would take to repay net debt using free cash flow. Lower ratios suggest faster deleveraging potential.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Net Debt to Free Cash Flow 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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