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 Happy Forgings Limited cash flow conversion to assess how effectively this company generates cash.
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. Check HAPPYFORGE capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Happy Forgings Limited (2019–2024)
Year-by-year earnings quality comparison for Happy Forgings Limited. For live market cap and the full company financial profile, see HAPPYFORGE stock market capitalisation.
| 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 | — |