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HAPPYFORGE (HAPPYFORGE) Fair Value & Analysis

Industrials · Market cap ₹146B

H HAPPYFORGE HAPPYFORGE · NSE
Price₹1,542
Fair Value₹619.02
Upside-59.9%
Quality63/100
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Evidence: High Range ₹301.38 – ₹1,004

Fair value as of: Jul 3, 2026

From 24 valuation models · updated today

Share price +9.5% over the past month.

Price vs Fair Value (12 months)

₹1,555 ₹878.00 Fair Value ₹619.02 Jul 2025 Jul 2026

12‑month range ₹878.00 – ₹1,555 · fair‑value band ₹301.38 – ₹1,004 · the ₹1,542 price screens above the ₹619.02 fair value. As of Jul 3, 2026.

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Analysis

HAPPYFORGE (HAPPYFORGE) currently trades at ₹1,542, while our model-based Fair Value estimate is ₹619.02 — implying the stock looks roughly 59.9% overvalued today. We read business quality at 63/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, HAPPYFORGE generated revenue of ₹15.5B at a net margin of 19.5%. Revenue grew 20.4% year over year. It earns a return on equity of 15.2%. Net debt stands at ₹2.8B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹15.5B
Revenue growth (YoY) +20.4%
Net margin 19.5%
Return on equity 15.2%
Free cash flow ₹10.9M FY2025
P/E ratio 48.4
More key figures
Operating margin 25.7%
EPS (TTM) ₹31.87
Dividend yield 0.3%
EPS growth (YoY) +23.0%
Net debt ₹2.8B FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HAPPYFORGE reported revenue of ₹15.5B in FY2025 versus ₹7.9B in FY2021, a compound +18.1%/yr. Reported net income was ₹3.0B in FY2025, compounding +20.7%/yr from FY2021.

Revenue +18.1%/yr
FY21 ₹7.9B
FY22 ₹10.7B
FY23 ₹12.4B
FY24 ₹13.0B
FY25 ₹15.5B
Net income +20.7%/yr
FY21 ₹1.4B
FY22 ₹2.1B
FY23 ₹2.4B
FY24 ₹2.7B
FY25 ₹3.0B

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Frequently asked questions

Is HAPPYFORGE (HAPPYFORGE) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹619.02 versus a price of ₹1,542 — about −60% (overvalued). Model-based estimate, not financial advice.
What is the fair value of HAPPYFORGE?
Our model-based fair value for HAPPYFORGE is ₹619.02 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹1,542.
What is the quality score of HAPPYFORGE?
HAPPYFORGE has a Quality Score of 63/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of HAPPYFORGE (HAPPYFORGE)?
HAPPYFORGE reported trailing-twelve-month revenue of about ₹15.5B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of HAPPYFORGE?
The net profit margin of HAPPYFORGE is about 19.5%, meaning it keeps roughly 19.5% of revenue as net income. Based on the latest reported figures.
Does HAPPYFORGE pay a dividend?
HAPPYFORGE currently shows a dividend yield of about 0.26% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.