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Happy Forgings Share Price Target 2024, 2025, 2026 to 2039 With Charts
Happy Forgings Limited | |||
 | Symbol: HAPPYFORGE | ||
| Price: ₹1,081.33 | |||
| Exchange: NSE | |||
| Industrials -> Metal Fabrication | |||
Show Table of Contents
Table of Contents
- 1: Happy Forgings Brief Company Overview
- 1.1: Happy Forgings Limited: A Leading Manufacturer in the Forgings Industry
- 1.2: Happy Forgings Financial Performance
- 1.2.1: Is Happy Forgings A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: Happy Forgings Share Price Target For 2024
- 2.1.1: Happy Forgings Share Price Target Table For 2024
- 2.1.2: Summary: Happy Forgings Share Price Prediction For 2024
- 2.2: Happy Forgings Share Price Target For 2025
- 2.2.1: Happy Forgings Share Price Target Table For 2025
- 2.2.2: Summary: Happy Forgings Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: Happy Forgings Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: Happy Forgings Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: Happy Forgings Past Performance
Happy Forgings Brief Company Overview
Happy Forgings Limited: A Leading Manufacturer in the Forgings Industry
Happy Forgings Limited, established in 1979, is a renowned manufacturer of forgings and related components in India. With a strong commitment to excellence, the company has carved a niche for itself in the industry, serving a diverse range of sectors.
- Key Products and Services:
• Heavy forged and machined products
• Bicycle pedals, brake flanges, bushes, bull gears, camshafts, crankshafts
• Connecting rods, crown wheels, differential cases, front axle beams
• Steering knuckles, differential cases, semi-machined transmission parts
Happy Forgings' products cater to manufacturers of heavy commercial vehicles, farm equipment, off highway and industrial equipment, as well as machinery for oil and gas, aerospace, defense, power generation, railways, and wind turbine industries.
- Global Presence:
The company exports its products to over 10 countries, including Brazil, Italy, Japan, Spain, and the United Kingdom.
Happy Forgings Limited's reputation for quality, reliability, and innovation has solidified its position as a trusted partner for its clients.
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Happy Forgings Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 10,690.84 Crore | Market valuation of Happy Forgings's shares. |
| Revenue (TTM) | 1,369.87 Crore | Total revenue generated by Happy Forgings over the past twelve months. |
| Net Income (TTM) | +242.74 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 23.3% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 17.71% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | +3.5% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | -0.4% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | 8.86 | Company's total debt divided by total shareholder equity. |
| Total Debt | 143 Crore | Sum of Happy Forgings's current & long-term financial obligations. |
| Total Cash | 117.29 Crore | Total amount of liquid funds available to Happy Forgings. |
Is Happy Forgings A Good Buy For Long Term?
Happy Forgings, a mid-cap stock with a market capitalization of ₹10,107.24 crore, shows mixed signals. While its Q2 2024-25 report indicates a healthy profit margin of 18.64% (₹258.85 crore net profit on ₹1387.93 crore revenue), and a positive YTD return of 5.06%, a substantial debt of ₹148.83 crore against a cash balance of ₹92.55 crore raises concerns. The recent three-month performance (-14.17%) is also a negative factor. Considering this, Happy Forgings is an average buy for long-term investors, requiring further in-depth analysis before a definitive decision.
To predict the Happy Forgings's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Happy Forgings Share Price Target For 2024
The line chart displays the monthly closing prices of Happy Forgings with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Happy Forgings shares in 2024, see the table below.
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Happy Forgings Share Price Target Table For 2024
| Happy Forgings's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 1116.90 (+3.28%) | Price Action: 28 Oct 2024 High |
| 2024 Target 2 | 1104.69 (+2.15%) | Price Action: 17 Oct 2024 Low |
| 2024 Target 1 | 1092.80 (+1.05%) | Price Action: 23 Oct 2024 High |
| Current Price | 1081.34 | Happy Forgings's 1 share price as of Thu 14 Nov 2024 |
| Stop Loss 1 | 1075.50 (-0.55%) | Price Action: 01 Nov 2024 Low |
| Stop Loss 2 | 1062.00 (-1.79%) | Price Action: 04 Nov 2024 Low |
| Stop Loss 3 | 1046.08 (-3.27%) | Fibonacci Retracement Extended 28.2% |
Summary: Happy Forgings Share Price Prediction For 2024
In summary, Happy Forgings has surged by ₹52.09, achieving a notable +5.06% increase from 1st January 2024 to 14 Nov 2024. Our analysis of Happy Forgings for 2024 predicts an additional rise of 1.05% to 3.28% by the end of 2024 with three potential targets T1: 1092.80, T2: 1104.69, T3: 1116.90. Stop Loss at SL1: 1075.50, SL2: 1062.00, SL3: 1046.08.
Happy Forgings has a 52-week high of ₹1299.94, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹813.20, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for Happy Forgings.
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Happy Forgings Share Price Target For 2025
The line chart displays the monthly closing prices of Happy Forgings with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Happy Forgings shares in 2025, see the table below.
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Happy Forgings Share Price Target Table For 2025
| Happy Forgings's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 1416.62 (+31%) | Price Action: Chart |
| 2025 Target 2 | 1390.21 (+28.56%) | Price Action: Chart |
| 2025 Target 1 | 1376.45 (+27.29%) | Fibonacci Extension Level 123.6% |
| Current Price | 1081.34 | Happy Forgings's 1 share price as of Thu 14 Nov 2024 |
| Stop Loss 1 | 992.00 (-8.27%) | Price Action: Mar 2024 High |
| Stop Loss 2 | 982.08 (-9.18%) | Price Action: Chart |
| Stop Loss 3 | 961.25 (-11.11%) | Price Action: Dec 2023 Low |
Summary: Happy Forgings Share Price Prediction For 2025
In summary, Happy Forgings has surged by ₹52.09, achieving a notable +5.06% increase from 1st January 2024 to 14 Nov 2024. Our analysis of Happy Forgings for 2025 predicts an additional rise of 27.29% to 31% by the end of 2025 with three potential targets T1: 1376.45, T2: 1390.21, T3: 1416.62. Stop Loss at SL1: 992.00, SL2: 982.08, SL3: 961.25.
Happy Forgings has a All-Time high of ₹1299.94, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹813.20, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for Happy Forgings, we have created a specific page for that check here: Happy Forgings Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
Happy Forgings Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of Happy Forgings share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 5.3% over the next 15 years.
For complete year by year Happy Forgings long term share price target from 2024, 2025 to 2039 check the below table.
Happy Forgings Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | Happy Forgings Target | YoY Change % |
|---|---|---|
| 2024 | ₹1,081.33 | [Current Price] |
| 2024 | ₹1,153.11 | 6.63% |
| 2025 | ₹1,217.91 | 5.61% |
| 2026 | ₹1,346.08 | 10.52% |
| 2027 | ₹1,415.75 | 5.17% |
| 2028 | ₹1,481.31 | 4.63% |
| 2029 | ₹1,563.36 | 5.53% |
| 2030 | ₹1,622.42 | 3.77% |
| 2031 | ₹1,765.31 | 8.8% |
| 2032 | ₹1,830.83 | 3.71% |
| 2033 | ₹1,891.55 | 3.31% |
| 2034 | ₹1,973.59 | 4.33% |
| 2035 | ₹2,026.92 | 2.7% |
| 2036 | ₹2,184.54 | 7.77% |
| 2037 | ₹2,245.9 | 2.8% |
| 2038 | ₹2,301.78 | 2.48% |
| 2039 | ₹2,376.98 | 3.26% |
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Happy Forgings Past Performance
- In 2023, Happy Forgings opening price was ₹1,000
- As of Thu 14 Nov 2024 the price stands at ₹1,081.33.
- This represents a Compound Annual Growth Rate (CAGR) of 3.99%.
- In 1 year, an investment of 10,000 would have become ₹10,813.4.
As we wrap up, we hope you like our study on Happy Forgings share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
- Happy Forgings Share Price History
- Happy Forgings Price Target Tomorrow
- Happy Forgings Dividend History
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
