Happy Forgings's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 84.99.
Happy Forgings's Days Inventory for the
three
months ended in Mar. 2026 was 123.28.
Happy Forgings's Days Payable for the
three
months ended in Mar. 2026 was 31.48.
Therefore, Happy Forgings's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 176.79.
Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.
Be Aware
CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.
The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.
Happy Forgings Cash Conversion Cycle Related Terms
Happy Forgings Cash Conversion Cycle Historical Data
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The historical data trend for Happy Forgings's Cash Conversion Cycle can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:HAPPYFORGE vs CRS, ATI, MLI: Cash Conversion Cycle Comparison
For the Metal Fabrication subindustry, Happy Forgings's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Happy Forgings Cash Conversion Cycle vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Happy Forgings's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Happy Forgings's Cash Conversion Cycle falls into.
Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.
Cash Conversion Cycle is one of several measures of management effectiveness.
Happy Forgings's Cash Conversion Cycle for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Happy Forgings (NSE:HAPPYFORGE) has a Cash Conversion Cycle of 176.79 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Happy Forgings and its competitors.
Is Happy Forgings' Cash Conversion Cycle too high?
Happy Forgings' current Cash Conversion Cycle is 176.79. The Industrial Products industry median Cash Conversion Cycle is 122.29. Happy Forgings' value of 176.79 is 44.6% above this industry median. Overall, Happy Forgings has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Happy Forgings' Cash Conversion Cycle compare to CRS and ATI?
Happy Forgings' Cash Conversion Cycle of 176.79 can be compared against companies in the Industrial Products industry. The industry median Cash Conversion Cycle is 122.29. Happy Forgings' value of 176.79 is 44.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for an Industrial Products company?
The median Cash Conversion Cycle among Industrial Products companies is 122.29, based on 3,026 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Happy Forgings's current Cash Conversion Cycle of 176.79 is 44.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Happy Forgings and its competitors. For the Industrial Products industry, the median Cash Conversion Cycle is 122.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Forgings's current Cash Conversion Cycle is 176.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happy Forgings stock overvalued right now?
Happy Forgings (NSE:HAPPYFORGE) has a current Cash Conversion Cycle of 176.79. The current Cash Conversion Cycle is 176.79 and 44.6% above the Industrial Products industry median of 122.29. Happy Forgings' overall GF Score™ is 54/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For Happy Forgings (NSE:HAPPYFORGE), the current Cash Conversion Cycle is 176.79 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Happy Forgings Ltd is a manufacturer specializing in designing and manufacturing heavy forgings and high-precision machined components. The company manufactures, designs, and tests various products such as crankshafts, front axle carriers, steering knuckles, differential housings, transmission parts, pinion shafts, suspension products, and valve bodies for different industries and customers. The Company business comprises only the Forging segment where the company sells forged products comprising of forgings and machined components for the automotive and industrial sectors. The company generates the majority of its revenue within India.
54GF Score
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