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 ₹ 9,002 Cr.
- Current Price ₹ 956
- High / Low ₹ 1,088 / 813
- Stock P/E 43.1
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 26.2 %
- ROE 23.5 %
- Face Value ₹ 2.00
Pros
Cons
- Company might be capitalizing the interest cost
* 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
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 585 | 860 | 1,197 | |
| 426 | 629 | 856 | |
| Operating Profit | 159 | 231 | 341 |
| OPM % | 27% | 27% | 28% |
| 6 | 6 | 6 | |
| Interest | 12 | 7 | 12 |
| Depreciation | 36 | 38 | 54 |
| Profit before tax | 117 | 192 | 280 |
| Tax % | 26% | 26% | 25% |
| 86 | 142 | 209 | |
| EPS in Rs | 965.92 | 15.90 | 23.32 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
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| TTM: | 39% |
| Compounded Profit Growth | |
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| TTM: | 47% |
| Stock Price CAGR | |
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| Return on Equity | |
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| Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| Equity Capital | 9 | 18 | 18 |
| Reserves | 636 | 770 | 970 |
| 153 | 240 | 219 | |
| 76 | 102 | 119 | |
| Total Liabilities | 874 | 1,130 | 1,326 |
| 415 | 456 | 678 | |
| CWIP | 40 | 212 | 75 |
| Investments | 0 | 0 | 0 |
| 419 | 461 | 573 | |
| Total Assets | 874 | 1,130 | 1,326 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 60 | 80 | 209 | |
| -59 | -166 | -172 | |
| -0 | 83 | -37 | |
| Net Cash Flow | 1 | -3 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| Debtor Days | 103 | 94 | 94 |
| Inventory Days | 176 | 173 | 112 |
| Days Payable | 55 | 42 | 32 |
| Cash Conversion Cycle | 225 | 226 | 175 |
| Working Capital Days | 159 | 146 | 120 |
| ROCE % | 22% | 26% |
Documents
Announcements
- Intimation Of Change In CIN Of The Company From "U" To "L" 25 Apr
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
16 Apr - Press release dated 16th April 2026 for a large order
- Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 15 Apr
- Compliance Certificate Under Regulation 7(3) Of SEBI(LODR) For The Period Ended 31St March 2024 15 Apr
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Certificate Under Regulation 40(9) And 40 (10) Of SEBI (LODR)
13 Apr - Certificate under Regulation 40 (9) and 40 (10) of SEBI (LODR) issued by M/s P S Bathla & Associates, Ludhiana
Concalls
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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.