Happy Forgings Ltd
Incorporated in July 1979, Happy Forgings Limited is an Indian manufacturer specializing in designing and manufacturing heavy forgings and high-precision machined components.[1]
- Market Cap ₹ 11,745 Cr.
- Current Price ₹ 1,247
- High / Low ₹ 1,269 / 813
- Stock P/E 48.3
- Book Value ₹ 171
- Dividend Yield 0.33 %
- ROCE 22.7 %
- ROE 18.7 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 20.6% CAGR over last 5 years
Cons
- Stock is trading at 7.27 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Castings, Forgings & Fastners Industry: Castings & Forgings
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
550 | 750 | 558 | 585 | 860 | 1,197 | 1,358 | |
413 | 545 | 416 | 426 | 629 | 856 | 971 | |
Operating Profit | 137 | 205 | 142 | 159 | 231 | 341 | 388 |
OPM % | 25% | 27% | 26% | 27% | 27% | 28% | 29% |
4 | 1 | 7 | 6 | 6 | 6 | 13 | |
Interest | 22 | 23 | 25 | 12 | 7 | 12 | 12 |
Depreciation | 23 | 29 | 28 | 36 | 38 | 54 | 65 |
Profit before tax | 96 | 155 | 96 | 117 | 192 | 280 | 324 |
Tax % | 39% | 38% | 17% | 26% | 26% | 25% | 25% |
58 | 95 | 80 | 86 | 142 | 209 | 243 | |
EPS in Rs | 738.38 | 1,066.26 | 893.18 | 965.92 | 15.90 | 23.32 | 25.79 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 6% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 32% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 21% |
3 Years: | 41% |
TTM: | 16% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 20% |
Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Equity Capital | 8 | 9 | 9 | 9 | 18 | 18 | 19 |
Reserves | 176 | 470 | 550 | 636 | 770 | 970 | 1,594 |
301 | 156 | 105 | 150 | 240 | 219 | 143 | |
92 | 85 | 100 | 79 | 102 | 119 | 130 | |
Total Liabilities | 576 | 719 | 763 | 874 | 1,130 | 1,326 | 1,886 |
285 | 291 | 275 | 415 | 456 | 678 | 748 | |
CWIP | 9 | 46 | 109 | 40 | 212 | 75 | 122 |
Investments | 0 | 30 | 0 | 0 | 0 | 0 | 0 |
282 | 352 | 378 | 419 | 461 | 573 | 1,015 | |
Total Assets | 576 | 719 | 763 | 874 | 1,130 | 1,326 | 1,886 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
136 | 169 | 50 | 80 | 209 | 29 | ||
-162 | -119 | -59 | -166 | -172 | -309 | ||
27 | -50 | 10 | 83 | -37 | 281 | ||
Net Cash Flow | 1 | -0 | 1 | -3 | -0 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Debtor Days | 114 | 82 | 90 | 103 | 94 | 94 | 96 |
Inventory Days | 111 | 106 | 111 | 176 | 173 | 112 | 137 |
Days Payable | 48 | 30 | 53 | 55 | 42 | 32 | 34 |
Cash Conversion Cycle | 177 | 158 | 148 | 225 | 226 | 175 | 199 |
Working Capital Days | 123 | 106 | 94 | 157 | 146 | 120 | 141 |
ROCE % | 32% | 19% | 18% | 22% | 26% |
Documents
Announcements
Concalls
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Jun 2024Transcript PPT
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May 2024TranscriptNotesPPT
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May 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
Leading Forging Company[1] HFL is the 4th largest manufacturer of complex and safety-critical, heavy forged, and high precision machined components in India in terms of forgings capacity.