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Happy Forgings has a Cash Ratio of 0.00. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Happy Forgings's Cash Ratio or its related term are showing as below:
NSE:HAPPYFORGE'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.42 Max: 1.1
Current: 0.89
During the past 6 years, Happy Forgings's highest Cash Ratio was 1.10. The lowest was 0.01. And the median was 0.42.
NSE:HAPPYFORGE's Cash Ratio is ranked better than 67.32% of 2953
companies
in the Industrial Products industry
Industry Median: 0.51
vs NSE:HAPPYFORGE: 0.89
Happy Forgings (NSE:HAPPYFORGE) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Happy Forgings Cash Ratio Related Terms
Happy Forgings Cash Ratio Historical Data
* Premium members only.
The historical data trend for Happy Forgings's Cash Ratio 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 Ratio Comparison
For the Metal Fabrication subindustry, Happy Forgings's Cash Ratio, along with its competitors' market caps and Cash Ratio 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 Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Happy Forgings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Happy Forgings's Cash Ratio falls into.
* 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 Ratio of 0.00 as of Jun. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Happy Forgings and its competitors. Over the past decade, Happy Forgings' Cash Ratio has ranged from 0.01 to 1.10. According to the industry distribution chart, Happy Forgings ranks #965 out of 2953 companies in the Industrial Products industry, placing it in the top 32.7%.
Is Happy Forgings' Cash Ratio too high?
Happy Forgings' current Cash Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 1.10. Based on the distribution chart, Happy Forgings ranks #965 out of 2953 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Happy Forgings has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Happy Forgings' Cash Ratio compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Happy Forgings ranks #965 out of 2953 companies for Cash Ratio. This puts Happy Forgings in the upper half of its industry. The industry median Cash Ratio is 0.51. Historically, Happy Forgings' own Cash Ratio has ranged from 0.01 to 1.10 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for an Industrial Products company?
The median Cash Ratio among Industrial Products companies is 0.51, based on 2,953 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Happy Forgings and its competitors. For the Industrial Products industry, the median Cash Ratio is 0.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Forgings's current Cash Ratio is 0.00. 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?
Based on GuruFocus' analysis, Happy Forgings (NSE:HAPPYFORGE) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,350.48, compared to a current price of ₹2,211.80 — trading 63.8% above its estimated fair value. The current Cash Ratio is 0.00. Happy Forgings' overall GF Score™ is 57/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Happy Forgings (NSE:HAPPYFORGE), the current Cash Ratio is 0.00 as of Jun. 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.
Is Happy Forgings (NSE:HAPPYFORGE) Overvalued in 2026?
Based on GuruFocus' analysis, Happy Forgings stock appears to be overvalued.
The current stock price of ₹2,211.80 is trading 63.8% above its estimated GF Value™ of ₹1,350.48.
GuruFocus considers Happy Forgings to be Significantly Overvalued.
Key valuation signals for NSE:HAPPYFORGE:
Cash Ratio: 0.00
GF Value™: ₹1,350.48 vs. price of ₹2,211.80 (63.8% above fair value)
No single metric tells the full story. See the NSE:HAPPYFORGE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
57GF Score
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