Happy Forgings Limited — Credit Ratings, 09-05-2025: Credit Rating

CRISIL has reaffirmed the “CRISIL AA/Stable” rating for Happy Forgings Limited’s bank facilities totaling Rs. 485 Cr. This reflects the company’s stable credit profile supported by consistent financial performance and strong liquidity. The reaffirmation indicates steady borrowing costs and sustained investor confidence, preserving the company’s strategic flexibility for operations and growth.