Happy Forgings Ltd

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

Happy Forgings Ltd

₹ 1,200 -0.37%
22 Jul - 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 high precision machined components in India in terms of forgings capacity.

Website BSE NSE
  • Market Cap ₹ 11,322 Cr.
  • Current Price ₹ 1,200
  • High / Low ₹ 1,300 / 813
  • Stock P/E 46.6
  • Book Value ₹ 171
  • Dividend Yield 0.33 %
  • 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

  • Stock is trading at 7.01 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Dec 2023 Mar 2024
302 342 343
217 247 246
Operating Profit 86 95 97
OPM % 28% 28% 28%
2 3 7
Interest 5 4 1
Depreciation 14 17 16
Profit before tax 68 78 87
Tax % 25% 25% 25%
51 58 66
EPS in Rs 5.66 6.15 6.98
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
585 860 1,197 1,358
426 629 856 971
Operating Profit 159 231 341 388
OPM % 27% 27% 28% 29%
6 6 6 13
Interest 12 7 12 12
Depreciation 36 38 54 65
Profit before tax 117 192 280 324
Tax % 26% 26% 25% 25%
86 142 209 243
EPS in Rs 965.92 15.90 23.32 25.79
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
Equity Capital 9 18 18 19
Reserves 636 770 970 1,594
153 240 219 143
76 102 119 130
Total Liabilities 874 1,130 1,326 1,886
415 456 678 744
CWIP 40 212 75 127
Investments 0 0 0 0
419 461 573 1,016
Total Assets 874 1,130 1,326 1,886

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 2024
78.60% 78.60% 78.60%
2.06% 1.12% 2.24%
5.83% 16.92% 16.69%
13.50% 3.35% 2.47%
No. of Shareholders 1,34,83993,58774,090

* 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

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