Happy Forgings

Happy Forgings ROCE

The Return on Capital Employed (ROCE) of Happy Forgings (HAPPYFORGE.NS) as of Oct 19, 2026 is 19.38 %. In the previous year, Return on Capital Employed (ROCE) was 17.84 % — a change of 8.63% (higher).

ROCE

19.38 %

YoY

8.63%

Last updated:

In 2025, Happy Forgings's return on capital employed (ROCE) was 19.38 %, a 8.63% increase from the 17.84 % ROCE in the previous year.

The Happy Forgings ROCE history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

ROCE
Date
ROCE
Jan 1, 2019
20.42 INR
Jan 1, 2020
19.23 INR
Jan 1, 2021
24.52 INR
Jan 1, 2022
29.43 INR
Jan 1, 2023
20.80 INR
Jan 1, 2024
17.84 INR
Jan 1, 2025
19.38 INR
The Happy Forgings ROCE history
YEARROCEYoY
19.38 %+8.63%
17.84 %-14.22%
20.80 %-29.33%
29.43 %+20.03%
24.52 %+27.51%
19.23 %-5.82%
20.42 %—

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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.

ROCE Details

Unraveling Happy Forgings's Return on Capital Employed (ROCE)

Happy Forgings's Return on Capital Employed (ROCE) is a financial metric that measures the company's profitability and efficiency with respect to the capital employed. It is calculated by dividing earnings before interest and tax (EBIT) by the employed capital. A higher ROCE indicates that the company is effectively utilizing its capital to generate profits.

Year-to-Year Comparison

Analyzing Happy Forgings's ROCE annually provides valuable insights into its efficiency in using its capital to generate profits. An increasing ROCE indicates improved profitability and operational efficiency, whereas a decrease might signal potential issues in capital utilization or business operations.

Impact on Investments

Happy Forgings's ROCE is a critical factor for investors and analysts for evaluating the company’s efficiency and profitability. A higher ROCE can make the company an attractive investment, as it often signifies that the firm is generating adequate profits from its employed capital.

Interpreting ROCE Fluctuations

Changes in Happy Forgings’s ROCE are attributed to variations in EBIT or the capital employed. These fluctuations offer insights into the company’s operational efficiency, financial performance, and strategic financial management, assisting investors in making informed investment decisions.

Frequently Asked Questions about Happy Forgings stock

Return on Capital Employed (ROCE) of Happy Forgings is 19.38 % in 2025.

Return on Capital Employed (ROCE) of Happy Forgings changed from 17.84 % to 19.38 %, representing a 8.63% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Return on Capital Employed (ROCE) Happy Forgings since 2006 – with annual values, charts, and detailed analysis.

ROCE is a profitability measure and stands for Return on Capital Employed or the return on invested capital. The measure shows the ratio of operating profit to the interest-bearing capital employed. The higher the return on capital employed, the more profitable a company operates and the higher the important free cash flow. The free cash flow refers to the portion of profits that is not needed for expanding the company at the end of a period, but is available to shareholders.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Return on Capital Employed (ROCE)'s Happy Forgings with sector peers and the industry average to assess whether it is attractive.

To evaluate Return on Capital Employed (ROCE)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Return on Capital Employed (ROCE).

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Profitability — Happy Forgings

All Key Metrics — Happy Forgings