Happy Forgings Limited (HAPPYFORGE) — Net Asset Quality Index
Happy Forgings Limited (HAPPYFORGE) has a Net Asset Quality Index of 85.2% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of Rs23.01 Billion minus total liabilities of Rs3.41 Billion yields net assets of Rs19.59 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check Happy Forgings Limited asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Quality Index
Net Assets
Total Assets
Total Liabilities
Happy Forgings Limited Net Asset Quality Index Over Time (2019–2024)
This chart shows how Happy Forgings Limited's Net Asset Quality Index has evolved across 6 annual periods from 2019 to 2024. As of September 2025, the index stands at 85.2%, representing net assets of Rs19.59 Billion against total assets of Rs23.01 Billion INR. See working capital position of Happy Forgings Limited to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for Happy Forgings Limited (2019–2024)
The table below presents the year-by-year Net Asset Quality Index for Happy Forgings Limited from 2019 to 2024, covering 6 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see HAPPYFORGE market cap overview.
| Year | Quality Index | Net Assets (INR) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 83.5% | Rs18.50 Billion | Rs22.15 Billion | Rs3.66 Billion | ▼ -2.0 pp |
| 2023 | 85.5% | Rs16.12 Billion | Rs18.86 Billion | Rs2.73 Billion | ▲ +11.0 pp |
| 2022 | 74.5% | Rs9.88 Billion | Rs13.26 Billion | Rs3.38 Billion | ▲ +4.8 pp |
| 2021 | 69.7% | Rs7.88 Billion | Rs11.30 Billion | Rs3.42 Billion | ▼ -3.9 pp |
| 2020 | 73.6% | Rs6.45 Billion | Rs8.76 Billion | Rs2.31 Billion | ▲ +0.4 pp |
| 2019 | 73.2% | Rs5.58 Billion | Rs7.63 Billion | Rs2.05 Billion | — |