Happy Forgings Limited Tangible Net Worth Ratio
Happy Forgings Limited tangible net worth ratio. Happy Forgings Limited (HAPPYFORGE) has a Tangible Net Worth Ratio of 99.1% as of September 2025. This metric is calculated by deducting intangible assets (Rs174.34 Million) from net assets (Rs19.59 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore HAPPYFORGE year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of Happy Forgings Limited (2019–2024)
Tangible net worth ratio of Happy Forgings Limited from 2019 to 2024. This chart shows how Happy Forgings Limited's Tangible Net Worth Ratio has changed across 6 annual periods from 2019 to 2024. As of September 2025, the ratio stands at 99.1%, reflecting net assets of Rs19.59 Billion with intangible assets of Rs174.34 Million INR.
Happy Forgings Limited Tangible Net Worth Ratio by Year (2019–2024)
Happy Forgings Limited tangible net worth ratio by year from 2019 to 2024. The table below presents the year-by-year Tangible Net Worth Ratio for Happy Forgings Limited from 2019 to 2024, covering 6 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see how much is Happy Forgings Limited worth.
| Year | Tangible NW Ratio | Net Assets (INR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 99.2% | Rs18.50 Billion | Rs145.33 Million | Rs22.15 Billion | ▼ -0.4 pp |
| 2023 | 99.6% | Rs16.12 Billion | Rs59.53 Million | Rs18.86 Billion | ▼ -0.2 pp |
| 2022 | 99.9% | Rs9.88 Billion | Rs14.82 Million | Rs13.26 Billion | ▲ +0.0 pp |
| 2021 | 99.8% | Rs7.88 Billion | Rs15.58 Million | Rs11.30 Billion | ▼ 0.0 pp |
| 2020 | 99.8% | Rs6.45 Billion | Rs10.83 Million | Rs8.76 Billion | ▲ +0.0 pp |
| 2019 | 99.8% | Rs5.58 Billion | Rs9.55 Million | Rs7.63 Billion | — |