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Happy Forgings (NSE:HAPPYFORGE) Net-Net Working Capital : ₹33.52 (As of Mar. 2025)


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What is Happy Forgings Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Happy Forgings's Net-Net Working Capital for the quarter that ended in Mar. 2025 was ₹33.52.

The industry rank for Happy Forgings's Net-Net Working Capital or its related term are showing as below:

NSE:HAPPYFORGE's Price-to-Net-Net-Working-Capital is ranked worse than
82.7% of 1358 companies
in the Industrial Products industry
Industry Median: 8.365 vs NSE:HAPPYFORGE: 29.06

Happy Forgings Net-Net Working Capital Historical Data

The historical data trend for Happy Forgings's Net-Net Working Capital 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.

* Premium members only.

Happy Forgings Net-Net Working Capital Chart

Happy Forgings Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Net-Net Working Capital
-1.95 -8.73 -2.30 23.75 33.52

Happy Forgings Quarterly Data
Mar21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.75 - 24.99 - 33.52

Competitive Comparison of Happy Forgings's Net-Net Working Capital

For the Metal Fabrication subindustry, Happy Forgings's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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's Price-to-Net-Net-Working-Capital Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Happy Forgings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Happy Forgings's Price-to-Net-Net-Working-Capital falls into.


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Happy Forgings Net-Net Working Capital Calculation

Happy Forgings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2025 is calculated as

Net-Net Working Capital(A: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2454.904+0.75 * 4265.385+0.5 * 2324.203-3656.765
-0-0)/94.242
=33.52

Happy Forgings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2454.904+0.75 * 4265.385+0.5 * 2324.203-3656.765
-0-0)/94.242
=33.52

* 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.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Happy Forgings  (NSE:HAPPYFORGE) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Happy Forgings Net-Net Working Capital Related Terms

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Happy Forgings Business Description

Traded in Other Exchanges
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.

Happy Forgings Headlines

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