Happy ForgingsNSE:HAPPYFORGE -2.79%54 Dividend Payout Ratio is 0.00 as of Mar. 2026. GuruFocus rates NSE:HAPPYFORGE with a GF Score™ of 54/100. The stock has 6 warning signs investors should review. Among 1,719 Industrial Products companies, Happy Forgings ranks better than 93.14% on this metric.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Happy Forgings's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.00.
The historical rank and industry rank for Happy Forgings's Dividend Payout Ratio or its related term are showing as below:
NSE:HAPPYFORGE'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.12 Max: 0.14
Current: 0.09
During the past 6 years, the highest Dividend Payout Ratio of Happy Forgings was 0.14. The lowest was 0.09. And the median was 0.12.
NSE:HAPPYFORGE's Dividend Payout Ratio is ranked better than 93.14% of 1719
companies
in the Industrial Products industry
Industry Median: 0.37
vs NSE:HAPPYFORGE: 0.09
During the past 12 months, Happy Forgings's average Dividends Per Share Growth Rate was -25.00% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Happy Forgings (NSE:HAPPYFORGE) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Happy Forgings Dividend Payout Ratio Related Terms
Happy Forgings Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for Happy Forgings's Dividend Payout Ratio 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: Dividend Payout Ratio Comparison
For the Metal Fabrication subindustry, Happy Forgings's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Happy Forgings's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Happy Forgings's Dividend Payout Ratio falls into.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
Happy Forgings's Dividend Payout 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 Dividend Payout Ratio of 0.00 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Happy Forgings and its competitors. Over the past decade, Happy Forgings' Dividend Payout Ratio has ranged from 0.09 to 0.14. According to the industry distribution chart, Happy Forgings ranks #118 out of 1719 companies in the Industrial Products industry, placing it in the top 6.9%.
Is Happy Forgings' Dividend Payout Ratio too high?
Happy Forgings' current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.14. Based on the distribution chart, Happy Forgings ranks #118 out of 1719 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 54/100, reflecting its overall financial health beyond just this single metric.
How does Happy Forgings' Dividend Payout Ratio compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Happy Forgings ranks #118 out of 1719 companies for Dividend Payout Ratio. This places Happy Forgings in the top 7% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.37. Historically, Happy Forgings' own Dividend Payout Ratio has ranged from 0.09 to 0.14 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 Dividend Payout Ratio for an Industrial Products company?
The median Dividend Payout Ratio among Industrial Products companies is 0.37, based on 1,719 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Happy Forgings and its competitors. For the Industrial Products industry, the median Dividend Payout Ratio is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Forgings's current Dividend Payout Ratio 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?
Happy Forgings (NSE:HAPPYFORGE) has a current Dividend Payout Ratio of 0.00. The current Dividend Payout Ratio is 0.00. Happy Forgings' overall GF Score™ is 54/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Happy Forgings (NSE:HAPPYFORGE), the current Dividend Payout Ratio is 0.00 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 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.
54GF Score
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