Happy Forgings Ltd
HAPPYFORGEHappy Forgings Ltd
HAPPYFORGE
Automobiles & Auto PartsAuto, Truck & Motorcycle Parts
SmallcapWith a market cap of ₹8,875 cr, stock is ranked 525
High RiskStock is 3.03x as volatile as Nifty
942.101.41% (-13.45)
942.101.41% (-13.45)
Price Chart
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Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 38.94 | 8.98 | — |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 42.52 | 8.98 | 0.00% |
Forecast & Ratings
Detailed Forecast100%
Analysts have suggested that investors can buy this stock
from 2 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Happy Forgings Limited is an India-based company, which is a manufacturer of heavy forged and high precision machined components.
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Forecasts
Price
Revenue
Earnings
Price Forecast
2023
Current
₹942.10
Baseline
Forecast for Apr 2025
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2023
Current
₹942.10
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Forecast for Apr 2025
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Revenue Forecast
2023
Current
₹1.20
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Forecast for Mar 2024
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All values in ₹ Thousand cr.
2023
Current
₹1.20
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Forecast for Mar 2024
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Earnings Per Share Forecast
2023
Current
₹23.32
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Forecast for Mar 2024
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2023
Current
₹23.32
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Forecast for Mar 2024
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Income
Balance Sheet
Cash Flow
Annual Normal View
Income Statement
Annual Normal View
| Financial Year | FY 2021 | FY 2022 | FY 2023 | TTM | ||||
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 590.82 | 866.11 | 1,202.28 | 1,325.18 | ||||
Raw Materials | 257.26 | 435.85 | 547.72 | 941.10 | ||||
| Power & Fuel Cost | 46.26 | 67.65 | 75.76 | |||||
| Employee Cost | 49.00 | 68.68 | 87.78 | |||||
| Selling & Administrative Expenses | 3.38 | 25.14 | 34.58 | |||||
| Operating & Other expenses | 70.32 | 31.84 | 109.74 | |||||
EBITDA | 164.60 | 236.95 | 346.70 | 384.08 | ||||
| Depreciation/Amortization | 35.76 | 37.74 | 54.18 | 63.06 | ||||
| PBIT | 128.84 | 199.21 | 292.52 | 321.02 | ||||
| Interest & Other Items | 11.78 | 7.16 | 12.48 | 16.25 | ||||
| PBT | 117.06 | 192.05 | 280.04 | 304.77 | ||||
| Taxes & Other Items | 30.61 | 49.76 | 71.33 | 76.86 | ||||
| Net Income | 86.45 | 142.29 | 208.71 | 227.91 | ||||
| EPS | 9.66 | 15.90 | 23.32 | 25.47 | ||||
| DPS | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 |
Company Updates
Peers & Comparison
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Promoter Holdings Trend
Institutional Holdings Trend
Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Aug 2023
Dec 2023
Mar 2024
Shareholding History
Foreign Institutions
Mutual Funds Holding Trend
A list of mutual funds holding the stock, ranked on the basis of Market-cap held which is calculated as the value of stock held in the portfolio divided by its market cap
Increased Mutual Fund Holding
Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock
In last 3 months, mutual fund holding of the company has increased by 2.28%
Top 5 Mutual Funds holding Happy Forgings Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Kotak Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.6175% | Percentage of the fund’s portfolio invested in the stock 1.02% | Change in the portfolio weight of the stock over the last 3 months 0.30% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 63/85 (-5) |
DSP Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7181% | Percentage of the fund’s portfolio invested in the stock 0.48% | Change in the portfolio weight of the stock over the last 3 months 0.10% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 67/78 (0) |
SBI Flexicap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5507% | Percentage of the fund’s portfolio invested in the stock 0.24% | Change in the portfolio weight of the stock over the last 3 months 0.24% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 80/94 (-2) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year
HAPPYFORGE has not given any dividends in last 5 years
Dividends
Corp. Actions
Announcements
Legal Orders
Dividends
Dividends
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Articles & Videos
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Low Pledged Promoter Holding
Pledged promoter holdings is insignificant