Happy Forgings Ltd
NSE: HAPPYFORGE BSE: 544057
₹1450
(5.06%)
Sat, 30 May 2026, 09:48 am
Market Cap130.35B
PE Ratio47.89
Dividend0.22
Producer Manufacturing
Metal Fabrication
24.5KCompany History
1979
- The Company was incorporated as 'Happy Forgings Private Limited'.
1995
- Purchased heavy duty hammers for manufacturing at Kanganwal Facility II.
1998
- The Company was converted from a private limited company to a public limited company.
- The name of the Company was changed to 'Happy Forgings Limited'.
2006
- Commencement of operations at Kanganwal Facility I.
2007
- The revenue from operations of the Company crossed Rs 1,000 million.
2008
- Commissioned the first 8,000 ton forging press.
2009
- Commenced manufacturing front steering parts by procuring axle arms.
- Installed model grinding technology to manufacture cylinder and six cylinder crankshafts.
2011
- Ventured into new industries, including commercial vehicles, farm equipment, and industrial equipment.
2017
- Commissioned the second 8,000 ton forging press.
2018
- Fund raised from India Business Excellence Fund – III.
- The revenue from operations of the Company crossed Rs 5,000 million.
2019
- Forayed into a new sector by manufacturing pinion shaft to cater to the wind turbine industry.
2021
- Installed the third 8,000 ton forging press line.
- Commencement of operations at the Dugri Facility.
2022
- Commenced the sale of front axle beam for electric buses to a customer in the commercial vehicle industry.
- The long term bank facilities were assigned 'AA-(Stable)' rating from CRISIL Ratings and ICRA Limited.
- Commissioned the first 14,000 ton forging press line.
- Installed eight dedicated lines for manufacturing crankshafts.
- Commencement of operations at the Dugri Facility.
2023
- Happy Forgings Ltd. announced a public offering of 11865802 shares at a price of Rs 850.00 per share.
- The company's initial public offer (IPO) will open on December 19, 2023, and is expected to close on December 21, 2023.