Happy Forgings Limited Net Asset Quality Index
Happy Forgings Limited 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 HAPPYFORGE cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
Quality Index
Net Assets
Total Assets
Total Liabilities
Net Asset Quality Index of Happy Forgings Limited (2019–2024)
Net asset quality index of Happy Forgings Limited from 2019 to 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 HAPPYFORGE total equity for net asset value and shareholders' equity analysis.
Happy Forgings Limited Net Asset Quality Index by Year (2019–2024)
Happy Forgings Limited net asset quality index by year from 2019 to 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 live market cap and overall valuation, see HAPPYFORGE market cap.
| 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 | — |