Happy Forgings (NSE:HAPPYFORGE) Inventory Turnover: 0.74 (As of Mar. 2026)

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NSE:HAPPYFORGE Happy Forgings Ltd NSE:HAPPYFORGE
47 GF Score
Price ₹1,617.40
! 6 Warning Signs
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What is Happy Forgings Inventory Turnover?

Happy Forgings NSE:HAPPYFORGE +1.60% 47 Inventory Turnover is 0.74 as of Mar. 2026. GuruFocus rates NSE:HAPPYFORGE with a GF Score™ of 47/100. The stock has 6 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Happy Forgings's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹1,723 Mil. Happy Forgings's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹2,328 Mil. Happy Forgings's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Happy Forgings's Days Inventory for the three months ended in Mar. 2026 was 123.28.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Happy Forgings's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.55.

Happy Forgings  (NSE:HAPPYFORGE) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Happy Forgings's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=2327.554/1722.878*365 / 4
=123.28

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Happy Forgings's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=2327.554 / 4238.397
=0.55

* 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.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Happy Forgings Inventory Turnover Related Terms

Happy Forgings Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Happy Forgings's Inventory Turnover 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 Inventory Turnover Chart

Happy Forgings Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
Get a 7-Day Free Trial 2.88 3.49 3.44 3.00 3.15

Happy Forgings Quarterly Data
Mar21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover 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 0.63 0.64 0.67 0.71 0.74
NSE:HAPPYFORGE
47GF Score
Happy Forgings Ltd NSE:HAPPYFORGE
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Happy Forgings Inventory Turnover Calculation

Happy Forgings's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=7335.129 / ((2324.203 + 2327.554) / 2 )
=7335.129 / 2325.8785
=3.15

Happy Forgings's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=1722.878 / ((0 + 2327.554) / 1 )
=1722.878 / 2327.554
=0.74

* 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 Inventory Turnover →
What does a Inventory Turnover of 0.74 mean?
Happy Forgings (NSE:HAPPYFORGE) has a Inventory Turnover of 0.74 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Happy Forgings and its competitors.
Is Happy Forgings' Inventory Turnover too high?
Happy Forgings' current Inventory Turnover is 0.74. Overall, Happy Forgings has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Happy Forgings' Inventory Turnover compare to CRS and ATI?
Happy Forgings' Inventory Turnover of 0.74 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 Inventory Turnover for an Industrial Products company?
A good Inventory Turnover depends on the Industrial Products industry context. However, Inventory Turnover 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 Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Happy Forgings and its competitors. Happy Forgings's current Inventory Turnover is 0.74. 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 Inventory Turnover of 0.74. The current Inventory Turnover is 0.74. Happy Forgings' overall GF Score™ is 47/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Happy Forgings (NSE:HAPPYFORGE), the current Inventory Turnover is 0.74 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.
47GF Score

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

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