Nifty

:

25149.85

Sensex

:

82500.47

-205.40 (-0.81%)
-689.81 (-0.83%)

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Nifty
Sensex

:
:

25149.85
82500.47

-205.40 (-0.81%)
-689.81 (-0.83%)

Happy Forgings Ltd.

Forgings

Rating :

45/99

BSE: 544057 | NSE: HAPPYFORGE

Watchlist

NSE BSE

934.05

11-Jul-2025

Open
High
Low
Previous Close

936.35
944.35
928.15
940.40

Volume
Traded Value (lacs)
52 Week High
52 Week Low

9802
9161906.35
1292.95
724.1

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

8,795.47
32.89
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

8,886.90
0.32%
4.78

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

14.16
-
5.60

EBITDA CAGR (%)

10 Years
5 Years
3 Years

18.45
-
3.59

PAT CAGR (%)

10 Years
5 Years
3 Years

31.77
-
8.62

P:E (Median)

8 Years
5 Years
3 Years

-
-
-

P:BV (Average)

8 Years
5 Years
3 Years

-
-
-

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
-
-

Earnings Forecasts:

(Updated: 06-06-2025)

Description 2024 2025 2026 2027
Adj EPS 26.78 28.39 30.51 35.04
Revenue 1358 1409 1553 1799
EBITDA 388 407 453 530
Net Income 243 267 288 330
ROA 15.1 13 11.5 11.8
ROE 18.69 15.45 14.31 14.32
FCFF -17 33 -67 -68
FCFF Yield -0.19 0.39 -0.78 -0.79
Net Debt 26 12 -318
BVPS 171.17 196.33 223.49 254.03

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var%
Net Sales 351.97 343.34 2.51% 354.32 341.99 3.61% 361.13 0.00 0 341.47 0.00 0
Expenses 249.70 246.20 1.42% 252.87 246.81 2.46% 255.76 0.00 0 243.86 0.00 0
EBITDA 102.27 97.14 5.28% 101.46 95.18 6.60% 105.37 0.00 0 97.60 0.00 0
EBIDTM 29.06% 28.29% 28.63% 27.83% 29.18% 0.00% 28.58% 0.00%
Other Income 10.14 7.20 40.83% 6.62 3.32 99.40% 13.14 0.00 0 7.66 0.00 0
Interest 2.45 0.86 184.88% 2.15 3.78 -43.12% 1.57 0.00 0 1.37 0.00 0
Depreciation 20.28 16.02 26.59% 19.11 17.06 12.02% 19.66 0.00 0 18.01 0.00 0
PBT 89.68 87.46 2.54% 86.82 77.67 11.78% 97.28 0.00 0 85.88 0.00 0
Tax 21.92 21.67 1.15% 22.30 19.77 12.80% 25.86 0.00 0 22.02 0.00 0
PAT 67.77 65.79 3.01% 64.52 57.90 11.43% 71.43 0.00 0 63.86 0.00 0
PATM 19.25% 19.16% 18.21% 16.93% 19.78% 0.00% 18.70% 0.00%
EPS 7.19 6.98 3.01% 6.84 6.14 11.40% 7.57 0.00 0 6.77 0.00 0

Description Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var%
Net Sales 351.97 343.34 2.51% 354.32 0.00 0 361.13 0.00 0 341.47 0.00 0
Expenses 249.70 246.21 1.42% 252.87 0.00 0 255.77 0.00 0 243.86 0.00 0
EBITDA 102.27 97.14 5.28% 101.46 0.00 0 105.37 0.00 0 97.60 0.00 0
EBIDTM 29.06% 28.29% 28.63% 0.00% 29.18% 0.00% 28.58% 0.00%
Other Income 10.03 7.20 39.31% 6.62 0.00 0 13.08 0.00 0 7.61 0.00 0
Interest 2.45 0.86 184.88% 2.15 0.00 0 1.57 0.00 0 1.37 0.00 0
Depreciation 20.28 16.02 26.59% 19.11 0.00 0 19.66 0.00 0 18.01 0.00 0
PBT 89.56 87.46 2.40% 86.82 0.00 0 97.22 0.00 0 85.82 0.00 0
Tax 21.93 21.67 1.20% 22.27 0.00 0 25.86 0.00 0 22.02 0.00 0
PAT 67.63 65.78 2.81% 64.55 0.00 0 71.37 0.00 0 63.80 0.00 0
PATM 19.21% 19.16% 18.22% 0.00% 19.76% 0.00% 18.68% 0.00%
EPS 7.18 6.98 2.87% 6.85 0.00 0 7.58 0.00 0 6.77 0.00 0

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11
Net Sales - 1,408.89 1,358.24 1,196.53 860.05 374.69 341.34 297.96 247.75 252.06 186.25 Net Sales Growth - 3.73% 13.51% 39.12% 129.54% 9.77% 14.56% 20.27% -1.71% 35.33% Cost Of Goods Sold - 591.67 596.59 551.05 388.40 184.84 169.40 150.53 134.33 143.50 106.73 Gross Profit - 817.23 761.64 645.47 471.65 189.86 171.94 147.43 113.42 108.56 79.52 GP Margin - 58.01% 56.08% 53.95% 54.84% 50.67% 50.37% 49.48% 45.78% 43.07% 42.70% Total Expenditure - 1,002.19 970.70 855.59 629.16 299.88 278.09 246.33 207.96 198.86 144.91 Power & Fuel Cost - 99.10 92.36 75.76 67.65 44.77 42.43 41.19 35.19 27.31 19.45 % Of Sales - 7.03% 6.80% 6.33% 7.87% 11.95% 12.43% 13.82% 14.20% 10.83% 10.44% Employee Cost - 124.82 114.46 87.78 68.68 22.85 19.28 18.61 14.18 9.04 4.09 % Of Sales - 8.86% 8.43% 7.34% 7.99% 6.10% 5.65% 6.25% 5.72% 3.59% 2.20% Manufacturing Exp. - 135.36 118.18 97.22 74.88 27.92 28.75 21.13 16.76 12.37 8.67 % Of Sales - 9.61% 8.70% 8.13% 8.71% 7.45% 8.42% 7.09% 6.76% 4.91% 4.66% General & Admin Exp. - 11.41 8.61 8.04 4.73 5.36 4.02 2.12 2.61 1.85 1.62 % Of Sales - 0.81% 0.63% 0.67% 0.55% 1.43% 1.18% 0.71% 1.05% 0.73% 0.87% Selling & Distn. Exp. - 30.78 33.16 26.54 20.41 7.29 6.41 1.23 3.26 2.69 2.59 % Of Sales - 2.18% 2.44% 2.22% 2.37% 1.95% 1.88% 0.41% 1.32% 1.07% 1.39% Miscellaneous Exp. - 9.05 7.34 9.19 4.41 6.86 7.79 11.52 1.65 2.10 2.59 % Of Sales - 0.64% 0.54% 0.77% 0.51% 1.83% 2.28% 3.87% 0.67% 0.83% 0.94% EBITDA - 406.70 387.54 340.94 230.89 74.81 63.25 51.63 39.79 53.20 41.34 EBITDA Margin - 28.87% 28.53% 28.49% 26.85% 19.97% 18.53% 17.33% 16.06% 21.11% 22.20% Other Income - 37.57 13.36 5.75 6.06 1.78 8.95 1.49 1.18 3.38 1.73 Interest - 7.53 11.78 12.48 7.16 28.65 29.34 27.30 30.97 30.76 21.79 Depreciation - 77.06 64.73 54.18 37.74 27.51 25.98 20.82 18.12 15.94 13.29 PBT - 359.67 324.39 280.03 192.05 20.44 16.88 5.00 -8.12 9.89 7.98 Tax - 92.10 81.41 71.33 49.76 3.47 2.08 1.50 1.44 4.20 -0.13 Tax Rate - 25.61% 25.10% 25.47% 25.91% 16.98% 12.32% 30.00% -17.73% 42.47% -1.63% PAT - 267.57 242.99 208.70 142.28 16.96 14.80 3.50 -9.56 5.69 8.10 PAT before Minority Interest - 267.57 242.99 208.70 142.28 16.96 14.80 3.50 -9.56 5.69 8.10 Minority Interest - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin - 18.99% 17.89% 17.44% 16.54% 4.53% 4.34% 1.17% -3.86% 2.26% 4.35% PAT Growth - 10.12% 16.43% 46.68% 738.92% 14.59% 322.86% - - -29.75% EPS - 28.37 25.77 22.13 15.09 1.80 1.57 0.37 -1.01 0.60 0.86

Description TTM Mar 25 Mar 24 Mar 23 Mar 22
Net Sales - 1,408.89 1,358.24 1,196.53 860.05 Net Sales Growth - 3.73% 13.51% 39.12% Cost Of Goods Sold - 591.67 596.59 551.05 388.40 Gross Profit - 817.23 761.64 645.47 471.65 GP Margin - 58.01% 56.08% 53.95% 54.84% Total Expenditure - 1,002.20 970.70 855.59 629.16 Power & Fuel Cost - 99.10 92.36 75.76 67.65 % Of Sales - 7.03% 6.80% 6.33% 7.87% Employee Cost - 124.82 114.46 87.78 68.68 % Of Sales - 8.86% 8.43% 7.34% 7.99% Manufacturing Exp. - 135.36 118.18 97.22 74.88 % Of Sales - 9.61% 8.70% 8.13% 8.71% General & Admin Exp. - 11.42 8.61 8.04 4.73 % Of Sales - 0.81% 0.63% 0.67% 0.55% Selling & Distn. Exp. - 30.78 33.16 26.54 20.41 % Of Sales - 2.18% 2.44% 2.22% 2.37% Miscellaneous Exp. - 9.05 7.34 9.19 4.41 % Of Sales - 0.64% 0.54% 0.77% 0.51% EBITDA - 406.69 387.54 340.94 230.89 EBITDA Margin - 28.87% 28.53% 28.49% 26.85% Other Income - 37.45 13.35 5.74 6.06 Interest - 7.53 11.78 12.48 7.16 Depreciation - 77.06 64.73 54.18 37.74 PBT - 359.55 324.39 280.02 192.05 Tax - 92.12 81.40 71.33 49.76 Tax Rate - 25.62% 25.09% 25.47% 25.91% PAT - 267.44 242.98 208.70 142.29 PAT before Minority Interest - 267.44 242.98 208.70 142.29 Minority Interest - 0.00 0.00 0.00 0.00 PAT Margin - 18.98% 17.89% 17.44% 16.54% PAT Growth - 10.07% 16.43% 46.67% EPS - 28.36 25.77 22.13 15.09

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10 Mar 09
Shareholder's Funds 1,849.69 1,612.49 988.30 787.61 57.38 46.50 54.62 46.96 36.42 40.74 Share Capital 18.85 18.84 17.90 17.90 7.17 6.34 6.17 6.17 5.89 5.89 Total Reserves 1,820.89 1,587.98 970.40 769.71 50.21 40.16 48.45 40.78 27.68 32.00 Non-Current Liabilities 39.33 31.62 81.22 96.99 201.66 199.56 146.47 122.75 185.91 158.90 Secured Loans 0.00 0.00 58.18 74.05 159.75 158.22 108.38 94.72 168.06 144.02 Unsecured Loans 0.00 0.00 0.00 0.00 12.54 12.73 9.62 4.58 2.23 6.64 Long Term Provisions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Current Liabilities 325.63 241.83 256.64 245.26 131.29 113.91 162.44 158.16 59.35 18.35 Trade Payables 45.36 55.53 47.74 44.23 50.83 56.00 43.13 18.80 17.51 7.76 Other Current Liabilities 44.64 36.72 59.76 30.63 22.01 3.37 38.36 62.68 41.47 10.45 Short Term Borrowings 227.29 143.31 134.34 161.64 54.72 52.42 78.73 74.56 0.00 0.00 Short Term Provisions 8.34 6.27 14.81 8.76 3.73 2.12 2.22 2.11 0.36 0.14 Total Liabilities 2,214.65 1,885.94 1,326.16 1,129.86 390.33 359.97 363.53 327.87 281.68 217.99 Net Block 907.20 743.67 678.44 456.19 210.22 211.94 218.04 186.89 181.07 90.80 Gross Block 1,227.75 988.05 859.11 585.82 292.32 273.22 261.21 214.31 195.20 106.62 Accumulated Depreciation 320.55 244.37 180.67 129.63 82.10 61.28 43.17 27.41 14.13 15.82 Non Current Assets 1,296.04 1,144.30 836.21 704.28 225.87 228.08 231.46 212.09 192.74 142.24 Capital Work in Progress 122.70 126.69 74.75 212.26 6.97 4.29 3.54 18.58 11.67 51.44 Non Current Investment 0.10 0.10 0.00 0.41 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 128.19 81.30 60.00 34.94 8.68 11.78 9.80 6.54 0.00 0.00 Other Non Current Assets 137.85 192.53 23.02 0.48 0.00 0.07 0.07 0.07 0.00 0.00 Current Assets 918.60 741.65 489.33 424.97 164.45 131.89 132.06 115.77 88.93 75.75 Current Investments 79.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 232.42 224.17 169.60 183.98 69.99 56.19 65.28 58.66 37.27 38.71 Sundry Debtors 426.54 356.92 308.06 222.04 77.89 60.39 55.38 49.74 39.06 27.94 Cash & Bank 136.54 121.73 0.34 1.46 4.02 5.27 1.79 0.21 1.40 0.58 Other Current Assets 43.52 12.11 3.39 8.79 12.55 10.05 9.61 7.16 11.21 8.51 Short Term Loans & Adv. 20.86 26.73 7.94 8.70 10.07 5.54 5.25 5.70 10.99 8.44 Net Current Assets 592.97 499.81 232.69 179.71 33.16 17.98 -30.37 -42.39 29.59 57.40 Total Assets 2,214.64 1,885.95 1,325.54 1,129.25 390.32 359.97 363.52 327.86 281.67 217.99

Description Mar 25 Mar 24 Mar 23 Mar 22
Shareholder's Funds 1,849.55 1,612.49 988.30 787.62 Share Capital 18.85 18.84 17.90 17.90 Total Reserves 1,820.75 1,587.98 970.40 769.72 Non-Current Liabilities 39.33 31.62 81.22 96.99 Secured Loans 0.00 0.00 58.18 74.05 Unsecured Loans 0.00 0.00 0.00 0.00 Long Term Provisions 0.00 0.00 0.00 0.00 Current Liabilities 326.35 241.84 256.64 245.26 Trade Payables 45.36 55.54 47.74 44.23 Other Current Liabilities 44.64 36.72 59.76 30.63 Short Term Borrowings 227.99 143.31 134.34 161.64 Short Term Provisions 8.36 6.27 14.80 8.76 Total Liabilities 2,215.23 1,885.95 1,326.16 1,129.87 Net Block 907.71 743.67 678.44 456.19 Gross Block 1,228.26 988.05 859.11 585.82 Accumulated Depreciation 320.55 244.37 180.67 129.63 Non Current Assets 1,296.59 1,144.20 836.21 703.87 Capital Work in Progress 122.80 126.69 74.75 212.26 Non Current Investment 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 128.22 81.30 60.00 34.94 Other Non Current Assets 137.85 192.53 23.02 0.48 Current Assets 918.64 741.75 489.33 425.39 Current Investments 79.58 0.00 0.00 0.42 Inventories 232.42 224.17 169.60 183.98 Sundry Debtors 426.54 356.92 308.06 222.04 Cash & Bank 136.56 121.84 0.34 1.46 Other Current Assets 43.54 12.11 3.39 8.79 Short Term Loans & Adv. 20.88 26.73 7.94 8.70 Net Current Assets 592.29 499.91 232.69 180.13 Total Assets 2,215.23 1,885.95 1,325.54 1,129.26

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10 Mar 09
Cash From Operating Activity 292.36 189.43 209.46 80.28 9.39 0.00 0.00 0.00 0.00 0.00 PBT 359.67 324.39 280.03 192.05 5.00 0.00 0.00 0.00 0.00 0.00 Adjustment 64.47 72.11 71.20 40.20 20.10 0.00 0.00 0.00 0.00 0.00 Changes in Working Capital -48.56 -123.20 -77.94 -108.86 -15.04 0.00 0.00 0.00 0.00 0.00 Cash after chg. in Working capital 375.59 273.30 273.29 123.38 10.06 0.00 0.00 0.00 0.00 0.00 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -83.23 -83.86 -63.84 -43.11 -0.67 0.00 0.00 0.00 0.00 0.00 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -319.44 -469.83 -172.45 -165.66 -21.07 0.00 0.00 0.00 0.00 0.00 Net Fixed Assets -235.71 -180.88 -135.78 -498.79 -21.78 -12.76 -31.86 -26.02 -48.81 -54.11 Net Investments -79.58 -0.10 0.41 -0.41 0.00 0.00 0.00 0.00 0.00 0.00 Others -4.15 -288.85 -37.08 333.54 0.71 12.76 31.86 26.02 48.81 54.11 Cash from Financing Activity 39.47 280.92 -37.01 82.52 10.43 0.00 0.00 0.00 0.00 0.00 Net Cash Inflow / Outflow 12.39 0.52 -0.01 -2.87 -1.25 0.00 0.00 0.00 0.00 0.00 Opening Cash & Equivalents 0.54 0.01 0.02 2.89 5.27 0.00 0.00 0.00 0.00 0.00 Closing Cash & Equivalent 12.93 0.54 0.01 0.02 4.02 0.00 0.00 0.00 0.00 0.00

Description Mar 25 Mar 24 Mar 23 Mar 22
Cash From Operating Activity 292.33 189.44 209.46 80.29 PBT 359.55 324.39 280.03 192.05 Adjustment 64.58 72.11 71.21 40.19 Changes in Working Capital -48.58 -123.19 -77.94 -108.84 Cash after chg. in Working capital 375.56 273.30 273.29 123.40 Interest Paid 0.00 0.00 0.00 0.00 Tax Paid -83.23 -83.86 -63.84 -43.11 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 Cash From Investing Activity -320.20 -469.73 -172.45 -165.68 Net Fixed Assets -235.71 -180.88 -135.78 Net Investments -79.58 -0.10 0.41 Others -4.91 -288.75 -37.08 Cash from Financing Activity 40.17 280.92 -37.01 82.52 Net Cash Inflow / Outflow 12.30 0.63 -0.01 -2.87 Opening Cash & Equivalents 0.64 0.01 0.02 2.89 Closing Cash & Equivalent 12.95 0.64 0.01 0.02

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10 Mar 09
Book Value (Rs.) 195.21 170.57 110.43 88.00 800.62 73.33 88.50 76.08 57.02 64.36 ROA 13.05% 15.13% 17.00% 14.20% 0.93% -2.64% 1.65% 2.66% -1.73% 2.95% ROE 15.53% 18.73% 23.50% 19.86% 6.73% -18.91% 11.21% 20.13% -12.08% 15.88% ROCE 19.16% 22.69% 26.18% 21.81% 11.36% 8.27% 15.34% 13.08% 7.47% 11.16% Fixed Asset Turnover 1.28 1.48 1.66 1.57 1.17 1.04 1.18 1.01 0.82 1.37 Receivable days 100.84 88.98 80.66 82.25 76.08 76.13 68.32 78.26 99.02 71.67 Inventory Days 58.77 52.69 53.80 64.84 69.42 79.88 80.55 84.55 112.29 94.06 Payable days 31.12 31.59 30.46 38.61 73.68 81.76 52.12 43.20 43.26 25.02 Cash Conversion Cycle 128.48 110.08 104.00 108.48 71.82 74.24 96.76 119.61 168.05 140.71 Total Debt/Equity 0.12 0.09 0.22 0.31 4.18 4.84 4.15 4.30 5.07 3.98 Interest Cover 48.74 28.55 23.45 27.83 1.18 0.74 1.32 1.37 1.34 1.74

Description Mar 25 Mar 24 Mar 23 Mar 22
Book Value (Rs.) 195.20 170.57 110.43 88.00 ROA 13.04% 15.13% 16.99% 12.59% ROE 15.52% 18.73% 23.50% 18.07% ROCE 19.15% 22.69% 26.18% 19.38% Fixed Asset Turnover 1.28 1.48 1.66 1.47 Receivable days 100.84 88.98 80.66 94.23 Inventory Days 58.77 52.69 53.80 78.08 Payable days 31.12 31.59 30.46 41.57 Cash Conversion Cycle 128.48 110.08 104.00 130.75 Total Debt/Equity 0.12 0.09 0.22 0.31 Interest Cover 48.73 28.55 23.45 27.83

Top Investors:

sbi small cap fund

business excellence trust iii - india business excellence fund iii

kotak small cap fund

aditya birla sun life trustee private limited a/c aditya birla sun life flexi cap fund

ikigai emerging equity fund

Annual Reports:

News Update:

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Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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