Happy Forgings (NSE:HAPPYFORGE) EBIT: ₹4,472 Mil (TTM As of Jun. 2026)

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NSE:HAPPYFORGE Happy Forgings Ltd NSE:HAPPYFORGE
65 GF Score
Price ₹2,089.60
GF Value ₹1,342.86
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Happy Forgings EBIT?

Happy Forgings NSE:HAPPYFORGE +4.08% 65 EBIT is ₹4,472 Mil as of Jun. 2026. GuruFocus rates NSE:HAPPYFORGE with a GF Score™ of 65/100 and a GF Value™ of ₹1,342.86 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Happy Forgings's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2026 was ₹1,257 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2026 was ₹4,472 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Happy Forgings's annualized ROC % for the quarter that ended in Jun. 2026 was 15.98%. Happy Forgings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 24.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Happy Forgings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 2.28%.

Happy Forgings  (NSE:HAPPYFORGE) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Happy Forgings's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=4584.668 * ( 1 - 25.42% )/( (21395.303 + 0)/ 1 )
=3419.2453944/21395.303
=15.98 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=26328.077 - 884.889 - ( 4047.885 - max(0, 4556.892 - 10711.006+4047.885))
=21395.303

Invested Capital(Q: Jun. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0 - 0 - ( 0 - max(0, 0 - 0+0))
=0

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Happy Forgings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5027.968/( ( (15006.266 + max(5305.269, 0)) + (0 + max(0, 0)) )/ 1 )
=5027.968/( ( 20311.535 + 0 )/ 1 )
=5027.968/20311.535
=24.75 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3947.808 + 2327.554 + 290.574) - (884.889 + 0 + 375.778)
=5305.269

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Happy Forgings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2026 )
=4471.967/196462.143
=2.28 %

* 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 EBIT Related Terms

Happy Forgings EBIT Historical Data

* Premium members only.

The historical data trend for Happy Forgings's EBIT 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 EBIT Chart

Happy Forgings Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial 1,983.92 2,919.37 3,353.98 3,665.49 4,118.09

Happy Forgings Quarterly Data
Mar21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EBIT 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 Premium Member Only 909.48 1,004.94 1,061.34 1,148.69 1,256.99

NSE:HAPPYFORGE vs CRS, ATI, MLI: EBIT Comparison

For the Metal Fabrication subindustry, Happy Forgings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Happy Forgings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Happy Forgings's EV-to-EBIT falls into.


NSE:HAPPYFORGE
65GF Score
Happy Forgings Ltd NSE:HAPPYFORGE
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Happy Forgings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹4,472 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹4,472 Mil mean?
Happy Forgings (NSE:HAPPYFORGE) has a EBIT of ₹4,472 Mil as of Jun. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Happy Forgings.
Is Happy Forgings' EBIT too high?
Happy Forgings' current EBIT is ₹4,472 Mil. Overall, Happy Forgings has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Happy Forgings' EBIT compare to CRS and ATI?
Happy Forgings' EBIT of ₹4,472 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 EBIT for an Industrial Products company?
A good EBIT depends on the Industrial Products industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Happy Forgings. Happy Forgings's current EBIT is ₹4,472 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?
Based on GuruFocus' analysis, Happy Forgings (NSE:HAPPYFORGE) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,342.86, compared to a current price of ₹2,089.60 — trading 55.6% above its estimated fair value. The current EBIT is ₹4,472 Mil. Happy Forgings' overall GF Score™ is 65/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Happy Forgings (NSE:HAPPYFORGE), the current EBIT is ₹4,472 Mil 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 ₹2,089.60 is trading 55.6% above its estimated GF Value™ of ₹1,342.86. GuruFocus considers Happy Forgings to be Significantly Overvalued.

Key valuation signals for NSE:HAPPYFORGE:

  • EBIT: ₹4,472 Mil
  • GF Value™: ₹1,342.86 vs. price of ₹2,089.60 (55.6% above fair value)
  • GF Score™: 65/100 with 4 warning signs

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 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.
65GF Score

Get the complete analysis for NSE:HAPPYFORGE

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

₹2,089.60
Price
₹1,342.86
GF Value