Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Happy Forgings's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ₹0 Mil. Happy Forgings's Total Assets for the quarter that ended in Jun. 2026 was ₹0 Mil.
The historical rank and industry rank for Happy Forgings's Equity-to-Asset or its related term are showing as below:
NSE:HAPPYFORGE'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.7 Med: 0.81 Max: 0.86
Current: 0.81
During the past 6 years, the highest Equity to Asset Ratio of Happy Forgings was 0.86. The lowest was 0.70. And the median was 0.81.
NSE:HAPPYFORGE's Equity-to-Asset is ranked better than 88.99% of 3089
companies
in the Industrial Products industry
Industry Median: 0.56
vs NSE:HAPPYFORGE: 0.81
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Happy Forgings Equity-to-Asset Related Terms
Happy Forgings Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Happy Forgings's Equity-to-Asset 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 ATI, CRS, MLI: Equity-to-Asset Comparison
For the Metal Fabrication subindustry, Happy Forgings's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Happy Forgings's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Happy Forgings's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Happy Forgings's Equity to Asset Ratio 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 Equity-to-Asset of 0.00 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Happy Forgings and its competitors. Over the past decade, Happy Forgings' Equity-to-Asset has ranged from 0.70 to 0.86. According to the industry distribution chart, Happy Forgings ranks #340 out of 3089 companies in the Industrial Products industry, placing it in the top 11%.
Is Happy Forgings' Equity-to-Asset too high?
Happy Forgings' current Equity-to-Asset is 0.00. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 0.86. Based on the distribution chart, Happy Forgings ranks #340 out of 3089 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Happy Forgings has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Happy Forgings' Equity-to-Asset compare to ATI and CRS?
According to the Industrial Products industry distribution chart, Happy Forgings ranks #340 out of 3089 companies for Equity-to-Asset. This places Happy Forgings in the top 11% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.56. Historically, Happy Forgings' own Equity-to-Asset has ranged from 0.70 to 0.86 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 Equity-to-Asset for an Industrial Products company?
The median Equity-to-Asset among Industrial Products companies is 0.56, based on 3,089 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Happy Forgings and its competitors. For the Industrial Products industry, the median Equity-to-Asset is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Forgings's current Equity-to-Asset 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 ₹1,368.00, compared to a current price of ₹2,074.30 — trading 51.6% above its estimated fair value. The current Equity-to-Asset is 0.00. Happy Forgings' overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Happy Forgings (NSE:HAPPYFORGE), the current Equity-to-Asset 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 ₹2,074.30 is trading 51.6% above its estimated GF Value™ of ₹1,368.00.
GuruFocus considers Happy Forgings to be Significantly Overvalued.
Key valuation signals for NSE:HAPPYFORGE:
Equity-to-Asset: 0.00
GF Value™: ₹1,368.00 vs. price of ₹2,074.30 (51.6% 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.
64GF Score
Get the complete analysis for NSE:HAPPYFORGE
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:HAPPYFORGE has been successfully added to your 
