Happy Forgings Ltd

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

Happy Forgings Ltd

₹ 1,099 -1.08%
11 Dec 4:00 p.m.
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 ₹ 10,365 Cr.
  • Current Price ₹ 1,099
  • High / Low ₹ 1,300 / 813
  • Stock P/E 40.0
  • Book Value ₹ 182
  • Dividend Yield 0.36 %
  • ROCE 22.7 %
  • ROE 18.7 %
  • Face Value ₹ 2.00
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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

* 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 BSE IPO BSE Allcap Nifty Total Market BSE SmallCap BSE Industrials

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
294 302 330 343 342 343 341 361
221 217 230 249 247 246 244 256
Operating Profit 73 86 100 94 95 97 98 105
OPM % 25% 28% 30% 27% 28% 28% 29% 29%
2 2 3 1 3 7 8 13
Interest 3 5 3 4 4 1 1 2
Depreciation 16 14 15 16 17 16 18 20
Profit before tax 56 68 85 74 78 87 86 97
Tax % 26% 25% 25% 25% 25% 25% 26% 27%
42 51 64 55 58 66 64 71
EPS in Rs 4.65 5.67 7.16 6.17 6.15 6.98 6.78 7.58
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
550 750 558 585 860 1,197 1,358 1,388
413 545 416 426 629 856 971 993
Operating Profit 137 205 142 159 231 341 388 395
OPM % 25% 27% 26% 27% 27% 28% 29% 28%
4 1 7 6 6 6 13 31
Interest 22 23 25 12 7 12 12 8
Depreciation 23 29 28 36 38 54 65 71
Profit before tax 96 155 96 117 192 280 324 348
Tax % 39% 38% 17% 26% 26% 25% 25%
58 95 80 86 142 209 243 259
EPS in Rs 738.38 1,066.26 893.18 965.92 15.90 23.32 25.79 27.49
Dividend Payout % 0% 0% 0% 0% 0% 6% 5%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 32%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: 21%
3 Years: 41%
TTM: 22%
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 Sep 2024
Equity Capital 8 9 9 9 18 18 19 19
Reserves 176 470 550 636 770 970 1,594 1,692
301 156 105 150 240 219 143 148
92 85 100 79 102 119 130 160
Total Liabilities 576 719 763 874 1,130 1,326 1,886 2,019
285 291 275 415 456 678 744 894
CWIP 9 46 109 40 212 75 127 69
Investments 0 30 0 0 0 0 0 0
282 352 378 419 461 573 1,015 1,057
Total Assets 576 719 763 874 1,130 1,326 1,886 2,019

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 80 209 189
-162 -119 -59 -166 -172 -469
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% 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.

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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls