Happy Forgings

Happy Forgings

Metal Fabrication · HAPPYFORGE
Mid CapIndustrialsHigh Growth
Ashish Garg
Ashish Garg
Chairman & Managing Director · Autocratic
Company DNA
Pace — Speed of executionPaceInnovation — Disruption appetiteInnovCulture — Organizational valuesCultrEfficiency — Operational focusEfficPurpose — Profit vs mission balancePurpsBrand — Market perceptionBrand
Founder-Centric
About
Happy Forgings is a Mid Cap company in the Industrials sector, listed on NSE as HAPPYFORGE. With a market cap of ₹11K Cr and revenue of ₹1K Cr, it is currently in the High Growth phase. Known for its Founder-Centric culture and Fast-Follower approach to innovation, the company operates at a Steady-Marathon pace. High promoter holding with active founder involvement in daily operations and strategic oversight in a growth-stage industrial setting. Its strategic mandate: To sustain momentum, the company must rapidly scale its capacity and client base to meet the increasing demand for complex automotive components.
FAQ
What kind of company is Happy Forgings?
Happy Forgings is a Mid Cap Industrials company (HAPPYFORGE) in the High Growth phase with a market cap of ₹11K Cr. It is classified as Founder-Centric in culture.
What is Happy Forgings's culture and work environment like?
Happy Forgings has a Founder-Centric culture with Fast-Follower innovation DNA and a Steady-Marathon pace of execution. Employee brand: Steady Employer. Customer relationship style: B2B-Enterprise. High promoter holding with active founder involvement in daily operations and strategic oversight in a growth-stage industrial setting.
Who leads Happy Forgings?
Happy Forgings is led by Ashish Garg (Chairman & Managing Director), a Autocratic leader with 17 years of experience.
What are Happy Forgings's financials?
Happy Forgings reported revenue of ₹1K Cr in FY25 with a 5-year revenue CAGR of 17.8%. Operating margin: 25.5%. Market cap: ₹11K Cr.

Culture & Strategy

CultureFounder-Centric
InnovationFast-Follower
PaceSteady-Marathon
PurposeProfit-Pure
CustomerB2B-Enterprise
EmployeeSteady Employer
BrandTechnical-Expert
LifecycleHigh Growth
High promoter holding with active founder involvement in daily operations and strategic oversight in a growth-stage industrial setting.
Mandate
To sustain momentum, the company must rapidly scale its capacity and client base to meet the increasing demand for complex automotive components.

Financials

Revenue FY25₹1K Cr
PAT FY25₹267 Cr
Rev CAGR 5Y17.8%
OPM25.5%
NPM20.6%
ROE14.5%
ROCE17.5%
P/E40.2
Fwd P/E33.7
P/B5.9
D/E9.8
Mkt Cap₹11K Cr
Promoter78.5%
Institutional16.3%