Happy Steels Ltd
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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 ₹ 94.3 Cr.
- Current Price ₹
- High / Low ₹ /
- Stock P/E 13.3
- Book Value ₹
- Dividend Yield %
- ROCE %
- ROE %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 39.2% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 4.13% over past five years.
* 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 | 71.15 | 74.03 | 81.30 | |
| Operating Profit | 4.51 | 2.78 | 5.18 | 9.76 | 8.11 | 13.34 |
| OPM % | 5.83% | 3.15% | 5.51% | 12.06% | 9.87% | 14.10% |
| -1.18 | 0.44 | 0.20 | 1.33 | 0.38 | 1.93 | |
| Interest | 1.34 | 1.36 | 2.63 | 2.54 | 2.86 | 2.62 |
| Depreciation | 1.92 | 1.83 | 2.20 | 2.14 | 2.43 | 3.13 |
| Profit before tax | 0.07 | 0.03 | 0.55 | 6.41 | 3.20 | 9.52 |
| Tax % | 71.43% | 100.00% | 21.82% | 24.80% | 26.88% | 25.42% |
| 0.03 | 0.01 | 0.43 | 4.83 | 2.34 | 7.10 | |
| EPS in Rs | ||||||
| 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: | 163% |
| TTM: | 203% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
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 | ||
| Reserves | 24.04 | 23.95 | 24.33 | 29.06 | ||
| 25.91 | 34.57 | 26.38 | 35.69 | |||
| 14.42 | 12.13 | 17.29 | 12.13 | |||
| Total Liabilities | 65.87 | 72.15 | 69.50 | 78.38 | ||
| 14.47 | 20.03 | 22.15 | 24.48 | |||
| CWIP | 4.68 | 3.09 | 0.00 | 0.00 | ||
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 46.72 | 49.03 | 47.35 | 53.90 | |||
| Total Assets | 65.87 | 72.15 | 69.50 | 78.38 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 0.00 | 0.00 | 0.00 | 0.00 | 10.18 | 5.81 | |
| 0.00 | 0.00 | 0.00 | 0.00 | -5.64 | -16.19 | |
| 0.00 | 0.00 | 0.00 | 0.00 | -4.34 | 10.34 | |
| Net Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.20 | -0.04 |
| Free Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 4.55 | -9.82 |
| CFO/OP | 0% | 0% | 0% | 0% | 134% | 61% |
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 | ||
| Inventory Days | 180.56 | 186.74 | 137.82 | 251.40 | ||
| Days Payable | 47.71 | 29.97 | 67.39 | 14.69 | ||
| Cash Conversion Cycle | 235.03 | 241.68 | 161.02 | 336.45 | ||
| Working Capital Days | 69.60 | 53.20 | 55.20 | 83.59 | ||
| ROCE % | 1.97% | 5.58% | 13.00% |
Documents
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.