Happy Forgings (NSE:HAPPYFORGE) Construction In Progress: ₹2,294 Mil (As of Mar. 2026)


NSE:HAPPYFORGE Happy Forgings Ltd NSE:HAPPYFORGE
49 GF Score
Price ₹1,537.80
! 6 Warning Signs
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What is Happy Forgings Construction In Progress?

Happy Forgings NSE:HAPPYFORGE +0.64% 49 Construction In Progress is ₹2,294 Mil as of Mar. 2026. GuruFocus rates NSE:HAPPYFORGE with a GF Score™ of 49/100. The stock has 6 warning signs investors should review.

Happy Forgings's quarterly construction in progress declined from Sep. 2025 (₹2,257 Mil) to Dec. 2025 (₹0 Mil) but then increased from Dec. 2025 (₹0 Mil) to Mar. 2026 (₹2,294 Mil).

Happy Forgings's annual construction in progress increased from Mar. 2024 (₹1,926 Mil) to Mar. 2025 (₹2,324 Mil) but then declined from Mar. 2025 (₹2,324 Mil) to Mar. 2026 (₹2,294 Mil).

Happy Forgings Construction In Progress Historical Data

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The historical data trend for Happy Forgings's Construction In Progress 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.

Happy Forgings Construction In Progress Chart

Happy Forgings Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial 2,412.29 1,273.65 1,925.99 2,323.95 2,294.12

Happy Forgings Quarterly Data
Mar21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,323.95 0.00 2,256.81 0.00 2,294.12
NSE:HAPPYFORGE
49GF Score
Happy Forgings Ltd NSE:HAPPYFORGE
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Happy Forgings Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₹2,294 Mil mean?
Happy Forgings (NSE:HAPPYFORGE) has a Construction In Progress of ₹2,294 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Happy Forgings and its competitors.
Is Happy Forgings' Construction In Progress too high?
Happy Forgings' current Construction In Progress is ₹2,294 Mil. Overall, Happy Forgings has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Happy Forgings' Construction In Progress compare to CRS and ATI?
Happy Forgings' Construction In Progress of ₹2,294 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Industrial Products company?
A good Construction In Progress depends on the Industrial Products industry context. However, Construction In Progress 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 Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Happy Forgings and its competitors. Happy Forgings's current Construction In Progress is ₹2,294 Mil. 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 Construction In Progress of ₹2,294 Mil. The current Construction In Progress is ₹2,294 Mil. Happy Forgings' overall GF Score™ is 49/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Happy Forgings (NSE:HAPPYFORGE), the current Construction In Progress is ₹2,294 Mil 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 Business Description

Other Exchanges 544057:India
Address H.B 220, Post Office - Rajgarh, Village Dugri, Ludhiana, PB, IND, 141 421
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.
49GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,537.80
Price