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Balance sheet of Happy Forgings is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Happy Forgings is increasing.
Latest debt of Happy Forgings is ₹56.29 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹91.9 Crs.
Yes, profit is increasing.
The profit of Happy Forgings is ₹266 Crs for TTM, ₹243 Crs for Mar 2024 and ₹209 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Happy Forgings latest dividend payout ratio is 15.51% and 3yr average dividend payout ratio is 15.51%
Companies resources are majorly tied in miscellaneous assets