Happy ForgingsNSE:HAPPYFORGE -0.37%46 Market Cap is ₹144,598 Mil as of Jul. 02, 2026. GuruFocus rates NSE:HAPPYFORGE with a GF Score™ of 46/100. The stock has 6 warning signs investors should review. Among 3,097 Industrial Products companies, Happy Forgings ranks better than 80.76% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Happy Forgings's share price for the quarter that ended in Mar. 2026 was ₹1156.1. Happy Forgings's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 94 Mil. Therefore, Happy Forgings's market cap for the quarter that ended in Mar. 2026 was ₹109,078 Mil.
Happy Forgings's quarterly market cap
increased
from Sep. 2025 (₹86,500 Mil) to Dec. 2025 (₹108,392 Mil) and
increased
from Dec. 2025 (₹108,392 Mil) to Mar. 2026 (₹109,078 Mil).
Happy Forgings's annual market cap
declined
from Mar. 2024 (₹83,824 Mil) to Mar. 2025 (₹74,150 Mil) but then
increased
from Mar. 2025 (₹74,150 Mil) to Mar. 2026 (₹109,078 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Happy Forgings's Enterprise Value for Today is ₹143,846 Mil.
Happy Forgings (NSE:HAPPYFORGE) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Happy Forgings Market Cap Related Terms
Happy Forgings Market Cap Historical Data
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The historical data trend for Happy Forgings's Market Cap 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: Market Cap Comparison
For the Metal Fabrication subindustry, Happy Forgings's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Happy Forgings's Market Cap distribution charts can be found below:
* The bar in red indicates where Happy Forgings's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Happy Forgings's Market Cap 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 Market Cap of ₹144,598 Mil as of Jul. 02, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Happy Forgings and its competitors. According to the industry distribution chart, Happy Forgings ranks #596 out of 3097 companies in the Industrial Products industry, placing it in the top 19.2%.
Is Happy Forgings' Market Cap too high?
Happy Forgings' current Market Cap is ₹144,598 Mil. Based on the distribution chart, Happy Forgings ranks #596 out of 3097 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 46/100, reflecting its overall financial health beyond just this single metric.
How does Happy Forgings' Market Cap compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Happy Forgings ranks #596 out of 3097 companies for Market Cap. This places Happy Forgings in the top 19% of its industry — outperforming the majority of peers. The industry median Market Cap is 284.83. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Industrial Products company?
The median Market Cap among Industrial Products companies is 284.83, based on 3,097 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Happy Forgings and its competitors. For the Industrial Products industry, the median Market Cap is 284.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Forgings's current Market Cap is ₹144,598 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 Market Cap of ₹144,598 Mil. The current Market Cap is ₹144,598 Mil. Happy Forgings' overall GF Score™ is 46/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Happy Forgings (NSE:HAPPYFORGE), the current Market Cap is ₹144,598 Mil as of Jul. 02, 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 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.
46GF Score
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