Happy Forgings

Happy Forgings Operating Expenses

The Total Operating Expenses of Happy Forgings (HAPPYFORGE.NS) as of Oct 19, 2026 is 387.52 M INR. In the previous year, Total Operating Expenses was 1.25 B INR — a change of -69.06% (lower).

Operating Expenses

387.52 MINR

YoY

-69.06%

Last updated:

Total Operating Expenses of Happy Forgings is 2025 387.52 M INR. Total Operating Expenses of Happy Forgings was 2024 1.25 B INR. It decreases by -69.06% lower compared to the previous year.

The Happy Forgings Operating Expenses history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Operating Expenses
Date
Operating Expenses
Jan 1, 2019
492.98 M INR
Jan 1, 2020
22.91 M INR
Jan 1, 2021
35.34 M INR
Jan 1, 2022
49.55 M INR
Jan 1, 2023
1.15 B INR
Jan 1, 2024
1.25 B INR
Jan 1, 2025
387.52 M INR
The Happy Forgings Operating Expenses history
YEAROperating ExpensesYoY
387.52 MINR-69.06%
1.25 BINR+9.13%
1.15 BINR+2,215.96%
49.55 MINR+40.21%
35.34 MINR+54.26%
22.91 MINR-95.35%
492.98 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

Total Operating Expenses of Happy Forgings is 387.52 M INR in 2025.

Total Operating Expenses of Happy Forgings changed from 1.25 B INR to 387.52 M INR, representing a -69.06% change. The value is lower than the previous year.

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

Operating expenses are the costs incurred in the normal course of business operations, including COGS, SG&A, R&D, and depreciation.

Total Operating Expenses'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 Total Operating Expenses's Happy Forgings historically and in real time.

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Income Statement — Happy Forgings

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