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Happy Forgings Share Price Target 2025, 2026 to 2030

Happy Forgings Share Price Target 2025, 2026 to 2030

Price Target January 11, 2025 0
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Happy Forgings Limited (HFL), established in July 1979, is a prominent Indian manufacturer recognized for its engineering excellence in producing complex and safety-critical heavy forgings and high-precision machined components. With over 40 years of industry experience, HFL has emerged as a leader in the sector and is ranked as the fourth-largest forging company in India by capacity. The company caters to a diverse range of industries, including automotive, industrial, and non-automotive sectors. Its extensive product portfolio features components such as crankshafts, transmission parts, steering knuckles, railway components, and windmill application products. HFL serves a wide clientele that includes original equipment manufacturers (OEMs) of commercial vehicles, farm equipment, off-highway vehicles, and industrial machinery, consistently delivering high-quality, durable solutions that meet stringent industry standards.

Shareholdings Patterns of Happy Forgings

Dec 2023Mar 2024Jun 2024Sep 2024
Promoters +78.60%78.60%78.60%78.60%
FIIs +2.06%1.12%2.24%2.27%
DIIs +5.83%16.92%16.69%17.13%
Public +13.50%3.35%2.47%1.99%
No. of Shareholders1,34,83993,58774,09065,376

Happy Forgings Ltd has maintained a robust shareholding structure, with the promoter group consistently holding a dominant 78.60% stake across December 2023, March 2024, June 2024, and September 2024, showcasing strong confidence and control. Foreign Institutional Investors (FIIs) exhibited modest fluctuations, beginning at 2.06% in December 2023, dropping to 1.12% in March 2024, and then rising to 2.24% and 2.27% by June and September 2024, respectively. Domestic Institutional Investors (DIIs) significantly increased their stake from 5.83% in December 2023 to 16.92% in March 2024, and further to 16.69% and 17.13% in the following quarters, signaling growing institutional confidence in the company’s prospects. Conversely, public shareholding declined from 13.50% in December 2023 to 1.99% by September 2024, accompanied by a reduction in the number of shareholders from 1,34,839 to 65,376 over the same period. This trend highlights increased institutional interest and a shift towards consolidation among larger investors.

Latest News on Happy Forgings

Happy Forgings Limited (HFL) has unveiled plans for a substantial investment of ₹650 crore to establish advanced forging capabilities, targeting the non-automotive industrial segment. This strategic initiative aims to bolster the production of heavyweight components, enabling the company to expand its market reach and capitalize on export opportunities. The new facility will cater to critical industries such as power generation, marine, and mining, underscoring HFL’s commitment to diversifying its portfolio and enhancing its presence in niche applications.

The investment, which will be allocated over the next 2-3 years, is set to be funded through a combination of internal accruals and debt. Production at the facility is expected to commence by the end of FY2027. According to Managing Director Ashish Garg, this move is a significant step in advancing HFL’s forging capabilities, positioning the company as a key player in segments requiring heavyweight and high-precision components.

How to Buy Happy Forgings Shares in India?

Below are the trading platforms that you can use to purchase Happy Forgings shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

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Happy Forgings Share Price Prediction: 2025 – 2030

Happy Forgings Share Price Target 2025

WhenMaximum PriceMinimum Price
January 20251,077.99829.22
February 20251,088.88837.60
March 20251,111.74855.19
April 20251,100.74846.72
May 20251,068.68822.06
June 20251,116.77859.05
July 20251,094.87842.21
August 20251,128.73868.26
September 20251,142.28878.67
October 20251,171.98901.52
November 20251,201.27924.06
December 20251,255.33965.64

As we step into 2025, Happy Forgings is projected to reach a maximum of ₹1,077.99 and a minimum of ₹829.22 in January, gradually increasing to ₹1,255.33 and ₹965.64 by December.

Happy Forgings Share Price Prediction 2026

WhenMaximum PriceMinimum Price
January 20261,292.99994.61
February 20261,260.67969.74
March 20261,285.88989.14
April 20261,312.121,009.33
May 20261,299.13999.33
June 20261,331.611,024.32
July 20261,305.501,004.23
August 20261,345.881,035.29
September 20261,372.791,056.00
October 20261,408.491,083.45
November 20261,443.701,110.54
December 20261,479.791,138.30

As we progress through 2026, Happy Forgings is anticipated to begin the year with a maximum price of ₹1,292.99 and a minimum of ₹994.61 in January. The prices are expected to steadily rise, reaching ₹1,479.79 as the maximum and ₹1,138.30 as the minimum by December.

Happy Forgings Share Price Target 2027

WhenMaximum PriceMinimum Price
January 20271,494.591,149.68
February 20271,532.911,179.16
March 20271,592.701,225.15
April 20271,561.471,201.13
May 20271,515.991,166.14
June 20271,584.211,218.62
July 20271,553.141,194.73
August 20271,601.181,231.68
September 20271,657.221,274.78
October 20271,700.311,307.93
November 20271,742.821,340.63
December 20271,786.391,374.14

Happy Forgings Share Price Prediction 2028

WhenMaximum PriceMinimum Price
January 20281,822.111,401.63
February 20281,868.831,437.56
March 20281,941.721,493.63
April 20281,903.651,464.34
May 20281,848.201,421.69
June 20281,931.371,485.67
July 20281,893.501,456.54
August 20281,952.061,501.59
September 20282,020.381,554.14
October 20282,072.911,594.55
November 20282,124.741,634.41
December 20282,177.851,675.27

Happy Forgings Share Price Target 2029

WhenMaximum PriceMinimum Price
January 20292,221.411,708.78
February 20292,278.371,752.59
March 20292,367.231,820.94
April 20292,320.811,785.24
May 20292,253.211,733.24
June 20292,354.611,811.24
July 20292,308.441,775.72
August 20292,379.831,830.64
September 20292,463.131,894.71
October 20292,527.171,943.98
November 20292,590.351,992.58
December 20292,655.112,042.39

Happy Forgings Share Price Target 2030

WhenMaximum PriceMinimum Price
January 20302,708.212,083.24
February 20302,777.652,136.66
March 20302,885.982,219.98
April 20302,829.392,176.46
May 20302,746.982,113.06
June 20302,870.602,208.15
July 20302,814.312,164.85
August 20302,901.352,231.81
September 20303,002.902,309.92
October 20303,080.972,369.98
November 20303,158.002,429.23
December 20303,236.952,489.96

In 2030, Happy Forgings is projected to start the year with a maximum price of ₹2,708.21 and a minimum of ₹2,083.24 in January. Prices are expected to steadily climb throughout the year, reaching significant milestones such as ₹3,002.90 in September and ₹3,158.00 in November. By December, the maximum price is anticipated to peak at ₹3,236.95, with a minimum of ₹2,489.96.

Financial Condition of Happy Forgings

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales +5585858601,1971,3581,388
Expenses +416426629856971993
Operating Profit142159231341388395
OPM %26%27%27%28%29%28%
Other Income +76661331
Interest2512712128
Depreciation283638546571
Profit before tax96117192280324348
Tax %17%26%26%25%25%
Net Profit +8086142209243259
EPS in Rs893.18965.9215.923.3225.7927.49
Dividend Payout %0%0%0%6%16%

Happy Forgings has demonstrated strong financial growth over recent years, as evident from its performance metrics. From March 2020 to TTM (Trailing Twelve Months), the company’s sales have grown significantly, increasing from ₹558 crore to ₹1,388 crore. Operating profit also saw robust growth, rising from ₹142 crore to ₹395 crore, with the OPM (Operating Profit Margin) improving from 26% in 2020 to 28% in the latest period, reflecting enhanced operational efficiency.

The company’s net profit surged from ₹80 crore in 2020 to ₹259 crore in TTM, supported by consistent tax rates of around 25%-26% and controlled expenses. EPS improved dramatically from ₹893.18 in 2020 (split-adjusted later) to ₹27.49 in TTM, showcasing profitability. Happy Forgings has also initiated dividend payouts, increasing from 6% in March 2023 to 16% in March 2024, reflecting shareholder value creation.

FAQs

What is the current market capitalization of Happy Forgings?

As of January 11th, 2025, the market cap is quite strong, standing at ₹9,377 Crores.

What is the current share price of Happy Forgings?

Happy Forgings shares are currently trading at ₹995 as of January 11th, 2025.

What is the share price target for Happy Forgings in 2025?

Looking ahead, the share price is expected to range between ₹822.06 to ₹1,255.33 by 2025.

What is the share price target for Happy Forgings in 2030?

The long-term outlook is optimistic, with a projected range of ₹2,083.24 to ₹3,236.95 by 2030.

What is the current Price-to-Earnings (PE) ratio of Happy Forgings?

Currently, the stock’s PE ratio is at a reasonable 36.2.

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Conclusion

Happy Forgings Limited has showcased strong financial performance, with consistent growth in sales, operating profit, and net profit, supported by improving operating profit margins from 26% in March 2020 to 28% in the TTM period. The rise in EPS and the initiation of dividend payouts further highlight its commitment to delivering value to shareholders. Additionally, the company’s recent ₹650 crore investment in advanced forging capabilities for the non-automotive industrial segment underscores its strategic focus on diversification and growth. By targeting critical industries such as power generation, marine, and mining, along with export opportunities, Happy Forgings is poised for sustainable growth and long-term success.

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Author: Ashnoor

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