Happy Forgings Ltd
HAPPYFORGEHappy Forgings Ltd
HAPPYFORGE
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
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 |
|---|---|---|
| 36.21 | 5.81 | 0.40% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 49.10 | 6.93 | 0.56% |
Forecast & Ratings
Detailed Forecast from 3 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Happy Forgings Ltd manufactures high precision forged components for automotive, railway, and industrial applications, serving OEMs globally.
Investor Presentation
View olderPeers
Compare with peersAction Construction Equipment Ltd
Isgec Heavy Engineering Ltd
TIL Ltd
Galaxy Bearings Ltd
Crown Lifters Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 590.82 | 866.11 | 1,202.28 | 1,371.59 | 1,419.13 | |||||
Raw Materials | 257.26 | 435.85 | 547.72 | 629.73 | 992.65 | |||||
| Power & Fuel Cost | 46.26 | 67.65 | 75.76 | 92.36 | ||||||
| Employee Cost | 49.00 | 68.68 | 87.78 | 114.46 | ||||||
| Selling & Administrative Expenses | 3.38 | 25.14 | 34.58 | 41.77 | ||||||
| Operating & Other expenses | 70.32 | 31.84 | 109.74 | 92.37 | ||||||
EBITDA | 164.60 | 236.95 | 346.70 | 400.90 | 426.48 | |||||
| Depreciation/Amortization | 35.76 | 37.74 | 54.18 | 64.73 | 70.75 | |||||
| PBIT | 128.84 | 199.21 | 292.52 | 336.17 | 355.73 | |||||
| Interest & Other Items | 11.78 | 7.16 | 12.48 | 11.78 | 7.58 | |||||
| PBT | 117.06 | 192.05 | 280.04 | 324.39 | 348.15 | |||||
| Taxes & Other Items | 30.61 | 49.76 | 71.33 | 81.41 | 89.32 | |||||
| Net Income | 86.45 | 142.29 | 208.71 | 242.98 | 258.83 | |||||
| EPS | 9.66 | 15.90 | 23.32 | 26.45 | 27.48 | |||||
| DPS | 0.00 | 0.00 | 1.30 | 4.00 | 4.00 | |||||
| Payout ratio | 0.00 | 0.00 | 0.06 | 0.15 | 0.15 |
Company Updates
Peers & Comparison
IndustrialsHeavy Machinery
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Happy Forgings Ltd | 38.57 | 5.81 | 0.40% |
| Action Construction Equipment Ltd | 52.55 | 14.00 | 0.14% |
| Isgec Heavy Engineering Ltd | 45.24 | 4.21 | 0.27% |
| TIL Ltd | 7.63 | 61.31 | — |
Price Comparison
Compare HAPPYFORGE with any stock or ETFShareholdings
Promoter Holdings Trend
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
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 1.8656% | Percentage of the fund’s portfolio invested in the stock 0.99% | Change in the portfolio weight of the stock over the last 3 months -0.09% | 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 38/83 (+19) |
SBI Automotive Opportunities Fund - Direct Plan - Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.1832% | Percentage of the fund’s portfolio invested in the stock 1.85% | Change in the portfolio weight of the stock over the last 3 months 0.42% | 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 19/34 (-1) |
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 0.7805% | Percentage of the fund’s portfolio invested in the stock 0.45% | Change in the portfolio weight of the stock over the last 3 months -0.06% | 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 68/79 (-6) |
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 dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 22, 2024
Dividend/Share
₹4.00
Ex DateEx Date
Jul 22, 2024
The said initial order for the crankshaft component is valued at approximately Rs 140 crore, spanning the period from FY26 to FY31. Deliveries are scheduled to begin in FY26, following the successful completion of testing and approval processes. Peak annual revenues under this order are expected to reach Rs 27 crore. Depending on the sales performance of the vehicles using the crankshaft, a subsequent order could potentially double the supply volumes starting in FY28, increasing peak annual revenues to over Rs 50 crore. HFL's investments in manufacturing capabilities has positioned it to meet the growing demand for high-precision components from both global and domestic automotive OEMs. Ashish Garg, managing director of Happy Forgings said, 'This order highlights our ability to provide high-quality solutions driven by advanced engineering capabilities and a proven track record of successful execution. We are committed to maintaining our leadership in precision engineering and continue to focus on enhancing the value and innovation we bring to our products, while expanding our presence in the passenger vehicle segment.' Happy Forgings is principally engaged in the manufacturing of forgings and related components. The company's consolidated net profit jumped 29.2% to Rs 71.37 crore on 5.3% increase in net sales to Rs 361.13 crore in Q2 FY25 over Q2 FY24. The counter declined 2.98% to ends at Rs 1050.80 on Friday, 13 December 2024.Powered by Capital Market - Live
Net profit of Happy Forgings rose 29.15% to Rs 71.37 crore in the quarter ended September 2024 as against Rs 55.26 crore during the previous quarter ended September 2023. Sales rose 5.26% to Rs 361.13 crore in the quarter ended September 2024 as against Rs 343.08 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales361.13343.08 5 OPM %29.1827.33 - PBDT116.8889.99 30 PBT97.2273.79 32 NP71.3755.26 29 Powered by Capital Market - Live
Happy Forgings will hold a meeting of the Board of Directors of the Company on 7 November 2024Powered by Capital Market - Live
Net profit of Happy Forgings declined 0.37% to Rs 63.80 crore in the quarter ended June 2024 as against Rs 64.04 crore during the previous quarter ended June 2023. Sales rose 3.53% to Rs 341.47 crore in the quarter ended June 2024 as against Rs 329.82 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales341.47329.82 4 OPM %28.5830.38 - PBDT103.84100.93 3 PBT85.8285.47 0 NP63.8064.04 0 Powered by Capital Market - Live
Happy Forgings will hold a meeting of the Board of Directors of the Company on 7 August 2024.Powered by Capital Market - Live
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant