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Balance sheet of Happy Forgings is strong.
It shouldn't have solvency or liquidity issues.
Yes, The net debt of Happy Forgings is increasing.
Latest net debt of Happy Forgings is ₹224 Crs as of Mar-26.
This is greater than Mar-25 when it was -₹45.1 Crs.
Yes, profit is increasing.
The profit of Happy Forgings is ₹302 Crs for Mar 2026, ₹267 Crs for Mar 2025 and ₹243 Crs for Mar 2024
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Happy Forgings latest dividend payout ratio is 12.51% and 3yr average dividend payout ratio is 12.86%
Companies resources are allocated to majorly productive assets like Plant & Machinery