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Company dossier

Happy Forgings

NSE:HAPPYFORGE · ISIN INE330T01021

Close
₹1,659.1
29 Jul 2026
Daily change
N/A
Exchange close
Evidence state
Building
0/0 checks
Happy Forgings

Ratings & risks

Credit signals

Rating-action history

Agency evidence
ICRA Limited · Happy Forgings Limited: Ratings reaffirmedICRA Limited · PDF preserved by IndiaTicker
Archived PDF
ICRA Limited · Happy Forgings Limited: Change in limitsICRA Limited · PDF preserved by IndiaTicker
Archived PDF
ICRA Limited · Happy Forgings Limited: Change in limitsICRA Limited · PDF preserved by IndiaTicker
Archived PDF
ICRA Limited · Happy Forgings Limited: Ratings reaffirmedICRA Limited · PDF preserved by IndiaTicker
Archived PDF
ICRA Limited · Happy Forgings Limited: Ratings reaffirmed; rated amount enhancedICRA Limited · discovered
Agency source
ICRA Limited · Happy Forgings Limited: Long-term rating upgraded to [ICRA]AA(Stable); short-term rating reaffirmedICRA Limited · discovered
Agency source
ICRA Limited · Happy Forgings Limited: Ratings upgraded to [ICRA]AA-/ [ICRA]A1+; outlook revised to StableICRA Limited · discovered
Agency source
ICRA Limited · Happy Forgings Limited: Ratings reaffirmed; outlook revised to Positive from Stable; rated amount enhancedICRA Limited · discovered
Agency source
ICRA Limited · Happy Forgings Limited: Long-term rating upgraded to [ICRA]A+(Stable) and short-term rating reaffirmedICRA Limited · discovered
Agency source
ICRA Limited · Happy Forgings Limited: UpdateICRA Limited · discovered
Agency source
ICRA Limited · Happy Forgings Limited: Ratings reaffirmed; outlook revised to Stable from PositiveICRA Limited · discovered
Agency source
ICRA Limited · Happy Forgings Limited: Rating reaffirmedICRA Limited · discovered
Agency source
ICRA Limited · Happy Forgings Limited: Ratings reaffirmed; outlook on long-term rating revised from Stable to PositiveICRA Limited · discovered
Agency source
ICRA Limited · Happy Forgings Limited: Ratings upgraded to [ICRA]A(Stable)/[ICRA]A1; rated amount enhancedICRA Limited · discovered
Agency source
CARE Ratings Limited rating actionCARE Ratings Limited · discovered
Agency source
ICRA Limited · ICRA upgrades the ratings for the bank lines of Happy Forgings Limited to [ICRA]A-/A2+; outlook revised from Positive to StableICRA Limited · discovered
Agency source
ICRA Limited · ICRA upgrades the ratings for the bank lines of Happy Forgings Limited to [ICRA]BBB+/A2; outlook revised to positive from stableICRA Limited · discovered
Agency source
CARE Ratings Limited rating actionCARE Ratings Limited · discovered
Agency source
ICRA Limited · ICRA assigns [ICRA]BBB and [ICRA]A3+ ratings to Happy Forgings Limited’s bank loans outlook StableICRA Limited · discovered
Agency source
CARE Ratings Limited · CARE revises the ratings assigned to the bank facilities of Happy Forgings LimitedCARE Ratings Limited · discovered
Agency source
CARE Ratings Limited · CARE assigns ‘CARE BB/CARE A4’ ratings to the bank facilities of Happy Forgings LimitedCARE Ratings Limited · discovered
Agency source
Risk research framework

Questions to test against evidence

Analyst review
Operating deterioration

Track sector-specific operating metrics and reconcile them across reporting periods.

High
Funding and liquidity

Review debt maturity, repricing, liquidity and rating commentary where relevant.

High
Execution versus guidance

Compare management statements with subsequent reported delivery.

Medium
Governance and key-person change

Connect management transitions, related parties and auditor observations.

Medium