Happy Steels Ltd
₹ 62.2
-0.32%
24 Jul
- close price
About
Incorporated in 1996, Happy Steel Limited is
an integrated manufacturer of safety-critical, forged, and machined transmission and driveline components.[1]
Key Points
- Market Cap ₹ 88.9 Cr.
- Current Price ₹ 62.2
- High / Low ₹ 71.4 / 60.0
- Stock P/E 12.4
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 15.9 %
- ROE 19.7 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 39.4% CAGR over last 5 years
- Debtor days have improved from 73.4 to 49.2 days.
Cons
- The company has delivered a poor sales growth of 4.13% over past five years.
- Company has a low return on equity of 13.0% over last 3 years.
- 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
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Quarterly Results
Figures in Rs. Crores
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 77.30 | 88.30 | 93.96 | 80.91 | 82.14 | 94.64 | |
| 72.79 | 85.52 | 88.78 | 71.17 | 74.03 | 81.21 | |
| Operating Profit | 4.51 | 2.78 | 5.18 | 9.74 | 8.11 | 13.43 |
| OPM % | 5.83% | 3.15% | 5.51% | 12.04% | 9.87% | 14.19% |
| -1.18 | 0.44 | 0.20 | 1.33 | 0.38 | 1.84 | |
| Interest | 1.34 | 1.36 | 2.63 | 2.54 | 2.86 | 2.62 |
| Depreciation | 1.92 | 1.83 | 2.20 | 2.17 | 2.43 | 3.13 |
| Profit before tax | 0.07 | 0.03 | 0.55 | 6.36 | 3.20 | 9.52 |
| Tax % | 71.43% | 100.00% | 21.82% | 26.42% | 26.88% | 25.42% |
| 0.03 | 0.01 | 0.43 | 4.69 | 2.34 | 7.10 | |
| EPS in Rs | 6.76 | |||||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 0% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 39% |
| 3 Years: | 164% |
| TTM: | 227% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 13% |
| Last Year: | 20% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | 10.50 |
| Reserves | 24.04 | 23.95 | 24.33 | 29.04 | 31.38 | 29.48 |
| 25.91 | 34.57 | 26.38 | 35.69 | 34.21 | 47.18 | |
| 14.42 | 12.13 | 17.29 | 12.15 | 11.53 | 12.50 | |
| Total Liabilities | 65.87 | 72.15 | 69.50 | 78.38 | 78.62 | 99.66 |
| 14.47 | 20.03 | 22.15 | 24.26 | 25.13 | 31.75 | |
| CWIP | 4.68 | 3.09 | 0.00 | 0.22 | 2.66 | 8.46 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 46.72 | 49.03 | 47.35 | 53.90 | 50.83 | 59.45 | |
| Total Assets | 65.87 | 72.15 | 69.50 | 78.38 | 78.62 | 99.66 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 0.00 | 0.00 | 0.00 | -3.67 | 10.18 | 5.81 | |
| 0.00 | 0.00 | 0.00 | -3.18 | -5.64 | -16.19 | |
| 0.00 | 0.00 | 0.00 | 6.77 | -4.34 | 10.34 | |
| Net Cash Flow | 0.00 | 0.00 | 0.00 | -0.08 | 0.20 | -0.04 |
| Free Cash Flow | 0.00 | 0.00 | 0.00 | -6.89 | 8.15 | -4.99 |
| CFO/OP | 0% | 0% | 0% | -23% | 134% | 60% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 102.18 | 84.90 | 90.59 | 99.74 | 71.23 | 49.21 |
| Inventory Days | 180.56 | 186.74 | 137.82 | 251.40 | 258.92 | 303.17 |
| Days Payable | 47.71 | 29.97 | 67.39 | 48.55 | 50.60 | 40.68 |
| Cash Conversion Cycle | 235.03 | 241.68 | 161.02 | 302.59 | 279.55 | 311.70 |
| Working Capital Days | 69.60 | 53.20 | 55.20 | 83.59 | 75.76 | 62.21 |
| ROCE % | 1.97% | 5.58% | 12.92% | 8.91% | 15.86% |
Documents
Announcements
No data available.
Annual reports
No data available.
Business Profile:[1][2]
Happy Steels Limited is an integrated manufacturer of safety-critical forged
and machined transmission and driveline components used across on-highway vehicles, off-highway vehicles (tractors & construction equipment), electric vehicles (EVs) and defence applications.