Happy Forgings (NSE:HAPPYFORGE) Total Operating Expense: ₹5,667 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

NSE:HAPPYFORGE Happy Forgings Ltd NSE:HAPPYFORGE
57 GF Score
Price ₹2,151.10
GF Value ₹1,352.00
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Happy Forgings Total Operating Expense?

Happy Forgings NSE:HAPPYFORGE -1.82% 57 Total Operating Expense is ₹5,667 Mil as of Jun. 2026. GuruFocus rates NSE:HAPPYFORGE with a GF Score™ of 57/100 and a GF Value™ of ₹1,352.00 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Happy Forgings's Total Operating Expense for the three months ended in Jun. 2026 was ₹1,581 Mil. Happy Forgings's Total Operating Expense for the trailing twelve months (TTM) ended in Jun. 2026 was ₹5,667 Mil.

Happy Forgings Total Operating Expense Related Terms

Happy Forgings Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Happy Forgings's Total Operating Expense 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 Total Operating Expense Chart

Happy Forgings Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Total Operating Expense
Get a 7-Day Free Trial 1,606.07 1,647.69 2,422.62 2,818.87 3,070.16

Happy Forgings Quarterly Data
Mar21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Total Operating Expense 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 Premium Member Only 1,243.32 1,333.74 1,324.54 1,427.20 1,581.13
NSE:HAPPYFORGE
57GF Score
Happy Forgings Ltd NSE:HAPPYFORGE
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Happy Forgings Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹5,667 Mil.

* 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.

What does a Total Operating Expense of ₹5,667 Mil mean?
Happy Forgings (NSE:HAPPYFORGE) has a Total Operating Expense of ₹5,667 Mil as of Jun. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Happy Forgings and its competitors.
Is Happy Forgings' Total Operating Expense too high?
Happy Forgings' current Total Operating Expense is ₹5,667 Mil. Overall, Happy Forgings has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Happy Forgings' Total Operating Expense compare to CRS and ATI?
Happy Forgings' Total Operating Expense of ₹5,667 Mil 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 Total Operating Expense for an Industrial Products company?
A good Total Operating Expense depends on the Industrial Products industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Happy Forgings and its competitors. Happy Forgings's current Total Operating Expense is ₹5,667 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?
Based on GuruFocus' analysis, Happy Forgings (NSE:HAPPYFORGE) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,352.00, compared to a current price of ₹2,151.10 — trading 59.1% above its estimated fair value. The current Total Operating Expense is ₹5,667 Mil. Happy Forgings' overall GF Score™ is 57/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Happy Forgings (NSE:HAPPYFORGE), the current Total Operating Expense is ₹5,667 Mil 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 ₹2,151.10 is trading 59.1% above its estimated GF Value™ of ₹1,352.00. GuruFocus considers Happy Forgings to be Significantly Overvalued.

Key valuation signals for NSE:HAPPYFORGE:

  • Total Operating Expense: ₹5,667 Mil
  • GF Value™: ₹1,352.00 vs. price of ₹2,151.10 (59.1% above fair value)
  • GF Score™: 57/100 with 4 warning signs

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 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.
57GF Score

Get the complete analysis for NSE:HAPPYFORGE

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

₹2,151.10
Price
₹1,352.00
GF Value