Happy Forgings Ltd

Happy Forgings Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Happy Forgings Ltd

₹ 1,066 -0.04%
22 Nov - close price
happyforgingsltd.com BSE: 544057 NSE: HAPPYFORGE
About

Incorporated in July 1979, Happy Forgings Limited is an Indian manufacturer specializing in designing and manufacturing heavy forgings and high-precision machined components.[1]

Key Points

Leading Forging Company[1]
HFL is the 4th largest manufacturer of complex and safety-critical, heavy-forged, and precision-machined components in India by forging capacity

Website BSE NSE
  • Market Cap ₹ 10,038 Cr.
  • Current Price ₹ 1,066
  • High / Low ₹ 1,300 / 813
  • Stock P/E 38.8
  • Book Value ₹ 182
  • Dividend Yield 0.38 %
  • ROCE 22.7 %
  • ROE 18.7 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

* 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

Part of Nifty Total Market Nifty Microcap 250 BSE Industrials BSE Allcap BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
302 330 343 342 343 341 361
217 230 249 247 246 244 256
Operating Profit 86 100 94 95 97 98 105
OPM % 28% 30% 27% 28% 28% 29% 29%
2 3 1 3 7 8 13
Interest 5 3 4 4 1 1 2
Depreciation 14 15 16 17 16 18 20
Profit before tax 68 85 74 78 87 86 97
Tax % 25% 25% 25% 25% 25% 26% 27%
51 64 55 58 66 64 71
EPS in Rs 5.66 7.16 6.17 6.15 6.98 6.77 7.58
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
585 860 1,197 1,358 1,388
426 629 856 971 993
Operating Profit 159 231 341 388 395
OPM % 27% 27% 28% 29% 28%
6 6 6 13 31
Interest 12 7 12 12 8
Depreciation 36 38 54 65 71
Profit before tax 117 192 280 324 348
Tax % 26% 26% 25% 25%
86 142 209 243 259
EPS in Rs 965.92 15.90 23.32 25.79 27.48
Dividend Payout % 0% 0% 6% 16%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 32%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 41%
TTM: 16%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 20%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 18 18 19 19
Reserves 636 770 970 1,594 1,692
153 240 219 143 149
76 102 119 130 160
Total Liabilities 874 1,130 1,326 1,886 2,020
415 456 678 744 894
CWIP 40 212 75 127 69
Investments 0 0 0 0 0
419 461 573 1,016 1,057
Total Assets 874 1,130 1,326 1,886 2,020

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
60 80 209 189
-59 -166 -172 -469
-0 83 -37 281
Net Cash Flow 1 -3 -0 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 103 94 94 96
Inventory Days 176 173 112 137
Days Payable 55 42 32 34
Cash Conversion Cycle 225 226 175 199
Working Capital Days 159 146 120 141
ROCE % 22% 26% 23%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024
78.60% 78.60% 78.60% 78.60%
2.06% 1.12% 2.24% 2.27%
5.83% 16.92% 16.69% 17.13%
13.50% 3.35% 2.47% 1.99%
No. of Shareholders 1,34,83993,58774,09065,376

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls