Happy Forgings Limited (HAPPYFORGE) — Cash Flow Quality Index
Happy Forgings Limited (HAPPYFORGE) has a Cash Flow Quality Index of 0.60x as of September 2022. Operating cash flow of Rs350.45 Million is below net income of Rs581.99 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore HAPPYFORGE debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Happy Forgings Limited Cash Flow Quality Index (2019–2024)
Historical Cash Flow Quality Index for Happy Forgings Limited across 6 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see HAPPYFORGE cash flow metrics.
Annual Cash Flow Quality Index for Happy Forgings Limited (2019–2024)
Year-by-year earnings quality comparison for Happy Forgings Limited.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 1.09x | Rs2.92 Billion | Rs2.67 Billion | ▲ +40.5% |
| 2023 | 0.78x | Rs1.89 Billion | Rs2.43 Billion | ▼ -22.5% |
| 2022 | 1.00x | Rs2.09 Billion | Rs2.09 Billion | ▲ +77.9% |
| 2021 | 0.56x | Rs802.94 Million | Rs1.42 Billion | ▲ +70.6% |
| 2020 | 0.33x | Rs285.91 Million | Rs864.48 Million | ▼ -84.3% |
| 2019 | 2.11x | Rs1.69 Billion | Rs799.41 Million | — |