Nifty

:

24853.15

Sensex

:

81721.08

243.45 (0.99%)
769.09 (0.95%)

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Nifty
Sensex

:
:

24853.15
81721.08

243.45 (0.99%)
769.09 (0.95%)

Happy Forgings Ltd.

Forgings

Rating :

N/A

BSE: 544057 | NSE: HAPPYFORGE

Watchlist

NSE BSE

1016.45

06-Feb-2025

Open
High
Low
Previous Close

1020.00
1024.45
1010.00
1017.40

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

16972
172.42
1299.95
724.10

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

7,997.99
29.91
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

8,089.42
0.35%
4.32

Chart

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

Revenue CAGR (%)

10 Years
5 Years
3 Years

14.81
-
16.45

EBITDA CAGR (%)

10 Years
5 Years
3 Years

19.87
-
10.91

PAT CAGR (%)

10 Years
5 Years
3 Years

32.29
-
19.53

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: 23-05-2025)

Description 2024 2025 2026 2027
Adj EPS 11.96 26.78 28.39 30.6
P/E Ratio 35.59 29.04 27.71 26.94
Revenue 23.16 "1 358" "1
EBITDA 409" "1 551" "1
Net Income 800" 388 407 450
ROA 528 243 267 288
P/B Ratio 334 15.1 13 12.9
ROE 12.5 4.2 4.01 3.7
FCFF 3.24 18.69 15.45 14.47
FCFF Yield 14.57 -17 33 -67

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% 361.13 343.08 5.26% 341.47 329.82 3.53%
Expenses 249.70 246.20 1.42% 252.87 246.81 2.46% 255.76 249.32 2.58% 243.86 229.62 6.20%
EBITDA 102.27 97.14 5.28% 101.46 95.18 6.60% 105.37 93.76 12.38% 97.60 100.20 -2.59%
EBIDTM 29.06% 28.29% 28.63% 27.83% 29.18% 27.33% 28.58% 30.38%
Other Income 10.14 7.20 40.83% 6.62 3.32 99.40% 13.14 0.68 1,832.35% 7.66 3.42 123.98%
Interest 2.45 0.86 184.88% 2.15 3.78 -43.12% 1.57 4.44 -64.64% 1.37 2.69 -49.07%
Depreciation 20.28 16.02 26.59% 19.11 17.06 12.02% 19.66 16.20 21.36% 18.01 15.46 16.49%
PBT 89.68 87.46 2.54% 86.82 77.67 11.78% 97.28 73.79 31.83% 85.88 85.47 0.48%
Tax 21.92 21.67 1.15% 22.30 19.77 12.80% 25.86 18.53 39.56% 22.02 21.43 2.75%
PAT 67.77 65.79 3.01% 64.52 57.90 11.43% 71.43 55.26 29.26% 63.86 64.04 -0.28%
PATM 19.25% 19.16% 18.21% 16.93% 19.78% 16.11% 18.70% 19.42%
EPS 7.19 6.98 3.01% 6.85 6.15 11.38% 7.58 5.87 29.13% 6.78 6.80 -0.29%

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% 361.13 343.08 5.26% 341.47 329.82 3.53%
Expenses 249.70 246.21 1.42% 252.87 246.81 2.46% 255.77 249.32 2.59% 243.86 229.62 6.20%
EBITDA 102.27 97.14 5.28% 101.46 95.18 6.60% 105.37 93.76 12.38% 97.60 100.20 -2.59%
EBIDTM 29.06% 28.29% 28.63% 27.83% 29.18% 27.33% 28.58% 30.38%
Other Income 10.03 7.20 39.31% 6.62 3.32 99.40% 13.08 0.68 1,823.53% 7.61 3.42 122.51%
Interest 2.45 0.86 184.88% 2.15 3.78 -43.12% 1.57 4.44 -64.64% 1.37 2.69 -49.07%
Depreciation 20.28 16.02 26.59% 19.11 17.06 12.02% 19.66 16.20 21.36% 18.01 15.46 16.49%
PBT 89.56 87.46 2.40% 86.82 77.67 11.78% 97.22 73.79 31.75% 85.82 85.47 0.41%
Tax 21.93 21.67 1.20% 22.27 19.77 12.65% 25.86 18.53 39.56% 22.02 21.43 2.75%
PAT 67.63 65.78 2.81% 64.55 57.90 11.49% 71.37 55.26 29.15% 63.80 64.04 -0.37%
PATM 19.21% 19.16% 18.22% 16.93% 19.76% 16.11% 18.68% 19.42%
EPS 7.18 6.98 2.87% 6.85 6.15 11.38% 7.58 6.17 22.85% 6.77 7.16 -5.45%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 24 Mar 23 Mar 22 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Net Sales 1,408.89 1,358.24 1,196.53 860.05 374.69 341.34 297.96 247.75 252.06 186.25 122.18 Net Sales Growth 3.73% 13.51% 39.12% 129.54% 9.77% 14.56% 20.27% -1.71% 35.33% 52.44% Cost Of Goods Sold 591.66 596.59 551.05 388.40 184.84 169.40 150.53 134.33 143.50 106.73 81.13 Gross Profit 817.23 761.64 645.47 471.65 189.86 171.94 147.43 113.42 108.56 79.52 41.06 GP Margin 58.01% 56.08% 53.95% 54.84% 50.67% 50.37% 49.48% 45.78% 43.07% 42.70% 33.61% Total Expenditure 1,002.19 970.70 855.59 629.16 299.88 278.09 246.33 207.96 198.86 144.91 104.19 Power & Fuel Cost - 92.36 75.76 67.65 44.77 42.43 41.19 35.19 27.31 19.45 11.68 % Of Sales - 6.80% 6.33% 7.87% 11.95% 12.43% 13.82% 14.20% 10.83% 10.44% 9.56% Employee Cost - 114.46 87.78 68.68 22.85 19.28 18.61 14.18 9.04 4.09 2.79 % Of Sales - 8.43% 7.34% 7.99% 6.10% 5.65% 6.25% 5.72% 3.59% 2.20% 2.28% Manufacturing Exp. - 118.18 97.22 74.88 27.92 28.75 21.13 16.76 12.37 8.67 5.40 % Of Sales - 8.70% 8.13% 8.71% 7.45% 8.42% 7.09% 6.76% 4.91% 4.66% 4.42% General & Admin Exp. - 8.61 8.04 4.73 5.36 4.02 2.12 2.61 1.85 1.62 1.44 % Of Sales - 0.63% 0.67% 0.55% 1.43% 1.18% 0.71% 1.05% 0.73% 0.87% 1.18% Selling & Distn. Exp. - 33.16 26.54 20.41 7.29 6.41 1.23 3.26 2.69 2.59 1.72 % Of Sales - 2.44% 2.22% 2.37% 1.95% 1.88% 0.41% 1.32% 1.07% 1.39% 1.41% Miscellaneous Exp. - 7.34 9.19 4.41 6.86 7.79 11.52 1.65 2.10 1.76 1.72 % Of Sales - 0.54% 0.77% 0.51% 1.83% 2.28% 3.87% 0.67% 0.83% 0.94% 0.02% EBITDA 406.70 387.54 340.94 230.89 74.81 63.25 51.63 39.79 53.20 41.34 17.99 EBITDA Margin 28.87% 28.53% 28.49% 26.85% 19.97% 18.53% 17.33% 16.06% 21.11% 22.20% 14.72% Other Income 37.56 13.36 5.75 6.06 1.78 8.95 1.49 1.18 3.38 1.73 0.00 Interest 7.54 11.78 12.48 7.16 28.65 29.34 27.30 30.97 30.76 21.79 11.13 Depreciation 77.06 64.73 54.18 37.74 27.51 25.98 20.82 18.12 15.94 13.29 3.13 PBT 359.66 324.39 280.03 192.05 20.44 16.88 5.00 -8.12 9.89 7.98 3.74 Tax 92.10 81.41 71.33 49.76 3.47 2.08 1.50 1.44 4.20 -0.13 8.06 Tax Rate 25.61% 25.10% 25.47% 25.91% 16.98% 12.32% 30.00% -17.73% 42.47% -1.63% 215.51% PAT 267.58 242.99 208.70 142.28 16.96 14.80 3.50 -9.56 5.69 8.10 -4.32 PAT before Minority Interest 267.58 242.99 208.70 142.28 16.96 14.80 3.50 -9.56 5.69 8.10 -4.32 Minority Interest 0.00 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% -3.54% PAT Growth 10.12% 16.43% 46.68% 738.92% 14.59% 322.86% - - -29.75% - EPS 28.41 25.80 22.15 15.10 1.80 1.57 0.37 -1.01 0.60 0.86 -0.46

Description TTM 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 591.66 596.59 551.05 388.40 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 - 92.36 75.76 67.65 % Of Sales - 6.80% 6.33% 7.87% Employee Cost - 114.46 87.78 68.68 % Of Sales - 8.43% 7.34% 7.99% Manufacturing Exp. - 118.18 97.22 74.88 % Of Sales - 8.70% 8.13% 8.71% General & Admin Exp. - 8.61 8.04 4.73 % Of Sales - 0.63% 0.67% 0.55% Selling & Distn. Exp. - 33.16 26.54 20.41 % Of Sales - 2.44% 2.22% 2.37% Miscellaneous Exp. - 7.34 9.19 4.41 % Of Sales - 0.54% 0.77% 0.51% EBITDA 406.70 387.54 340.94 230.89 EBITDA Margin 28.87% 28.53% 28.49% 26.85% Other Income 37.34 13.35 5.74 6.06 Interest 7.54 11.78 12.48 7.16 Depreciation 77.06 64.73 54.18 37.74 PBT 359.42 324.39 280.02 192.05 Tax 92.08 81.40 71.33 49.76 Tax Rate 25.62% 25.09% 25.47% 25.91% PAT 267.35 242.98 208.70 142.29 PAT before Minority Interest 267.35 242.98 208.70 142.29 Minority Interest 0.00 0.00 0.00 0.00 PAT Margin 18.98% 17.89% 17.44% 16.54% PAT Growth 10.03% 16.43% 46.67% EPS 28.38 25.79 22.15 15.11

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10 Mar 09 Mar 08
Shareholder's Funds 1,612.49 988.30 787.61 57.38 46.50 54.62 46.96 36.42 40.74 33.82 Share Capital 18.84 17.90 17.90 7.17 6.34 6.17 6.17 5.89 5.89 5.89 Total Reserves 1,587.98 970.40 769.71 50.21 40.16 48.45 40.78 27.68 32.00 26.43 Non-Current Liabilities 31.62 81.22 96.99 201.66 199.56 146.47 122.75 185.91 158.90 116.27 Secured Loans 0.00 58.18 74.05 159.75 158.22 108.38 94.72 168.06 144.02 107.29 Unsecured Loans 0.00 0.00 0.00 12.54 12.73 9.62 4.58 2.23 6.64 1.94 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 241.83 256.64 245.26 131.29 113.91 162.44 158.16 59.35 18.35 9.45 Trade Payables 55.53 47.74 44.23 50.83 56.00 43.13 18.80 17.51 7.76 8.03 Other Current Liabilities 37.02 59.76 30.63 22.01 3.37 38.36 62.68 41.47 10.45 1.14 Short Term Borrowings 143.01 134.34 161.64 54.72 52.42 78.73 74.56 0.00 0.00 0.00 Short Term Provisions 6.27 14.81 8.76 3.73 2.12 2.22 2.11 0.36 0.14 0.27 Total Liabilities 1,885.94 1,326.16 1,129.86 390.33 359.97 363.53 327.87 281.68 217.99 159.54 Net Block 743.67 678.44 456.19 210.22 211.94 218.04 186.89 181.07 90.80 85.35 Gross Block 988.05 859.11 585.82 292.32 273.22 261.21 214.31 195.20 106.62 98.21 Accumulated Depreciation 244.37 180.67 129.63 82.10 61.28 43.17 27.41 14.13 15.82 12.86 Non Current Assets 1,144.30 836.21 704.28 225.87 228.08 231.46 212.09 192.74 142.24 91.09 Capital Work in Progress 126.69 74.75 212.26 6.97 4.29 3.54 18.58 11.67 51.44 5.74 Non Current Investment 0.10 0.00 0.41 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 81.30 60.00 34.94 8.68 11.78 9.80 6.54 0.00 0.00 0.00 Other Non Current Assets 192.53 23.02 0.48 0.00 0.07 0.07 0.07 0.00 0.00 0.00 Current Assets 741.65 489.33 424.97 164.45 131.89 132.06 115.77 88.93 75.75 68.41 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 224.17 169.60 183.98 69.99 56.19 65.28 58.66 37.27 38.71 33.74 Sundry Debtors 356.92 308.06 222.04 77.89 60.39 55.38 49.74 39.06 27.94 27.27 Cash & Bank 117.36 0.34 1.46 4.02 5.27 1.79 0.21 1.40 0.58 0.67 Other Current Assets 43.20 3.39 8.79 2.48 10.05 9.61 7.16 11.21 8.51 6.73 Short Term Loans & Adv. 26.73 7.94 8.70 10.07 5.54 5.25 5.70 10.99 8.44 6.67 Net Current Assets 499.81 232.69 179.71 33.16 17.98 -30.37 -42.39 29.59 57.40 58.97 Total Assets 1,885.95 1,325.54 1,129.25 390.32 359.97 363.52 327.86 281.67 217.99 159.53

Description Mar 24 Mar 23 Mar 22
Shareholder's Funds 1,612.49 988.30 787.62 Share Capital 18.84 17.90 17.90 Total Reserves 1,587.98 970.40 769.72 Non-Current Liabilities 31.62 81.22 96.99 Secured Loans 0.00 58.18 74.05 Unsecured Loans 0.00 0.00 0.00 Long Term Provisions 0.00 0.00 0.00 Current Liabilities 241.84 256.64 245.26 Trade Payables 55.54 47.74 44.23 Other Current Liabilities 37.02 59.76 30.63 Short Term Borrowings 143.01 134.34 161.64 Short Term Provisions 6.27 14.80 8.76 Total Liabilities 1,885.95 1,326.16 1,129.87 Net Block 743.67 678.44 456.19 Gross Block 988.05 859.11 585.82 Accumulated Depreciation 244.37 180.67 129.63 Non Current Assets 1,144.20 836.21 703.87 Capital Work in Progress 126.69 74.75 212.26 Non Current Investment 0.00 0.00 0.00 Long Term Loans & Adv. 81.30 60.00 34.94 Other Non Current Assets 192.53 23.02 0.48 Current Assets 741.75 489.33 425.39 Current Investments 0.00 0.00 0.42 Inventories 224.17 169.60 183.98 Sundry Debtors 356.92 308.06 222.04 Cash & Bank 117.47 0.34 1.46 Other Current Assets 43.20 3.39 8.79 Short Term Loans & Adv. 26.73 7.94 8.70 Net Current Assets 499.91 232.69 180.13 Total Assets 1,885.95 1,325.54 1,129.26

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10 Mar 09 Mar 08
Cash From Operating Activity 189.02 209.46 80.28 9.39 0.00 0.00 0.00 0.00 0.00 0.00 PBT 324.39 280.03 192.05 5.00 0.00 0.00 0.00 0.00 0.00 0.00 Adjustment 71.51 71.20 40.20 20.10 0.00 0.00 0.00 0.00 0.00 0.00 Changes in Working Capital -123.02 -77.94 -108.86 -15.04 0.00 0.00 0.00 0.00 0.00 0.00 Cash after chg. in Working capital 272.88 273.29 123.38 10.06 0.00 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 -83.86 -63.84 -43.11 -0.67 0.00 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 -469.41 -172.45 -165.66 -21.07 0.00 0.00 0.00 0.00 0.00 0.00 Net Fixed Assets -180.88 -135.78 -498.79 -21.78 -12.76 -31.86 -26.02 -48.81 -54.11 -79.89 Net Investments -0.10 0.41 -0.41 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Others -288.43 -37.08 333.54 0.71 12.76 31.86 26.02 48.81 54.11 79.89 Cash from Financing Activity 280.92 -37.01 82.52 10.43 0.00 0.00 0.00 0.00 0.00 0.00 Net Cash Inflow / Outflow 0.52 -0.01 -2.87 -1.25 0.00 0.00 0.00 0.00 0.00 0.00 Opening Cash & Equivalents 0.01 0.02 2.89 5.27 0.00 0.00 0.00 0.00 0.00 0.00 Closing Cash & Equivalent 0.54 0.01 0.02 4.02 0.00 0.00 0.00 0.00 0.00 0.00

Description Mar 24 Mar 23 Mar 22
Cash From Operating Activity 189.02 209.46 80.29 PBT 324.39 280.03 192.05 Adjustment 71.51 71.21 40.19 Changes in Working Capital -123.01 -77.94 -108.84 Cash after chg. in Working capital 272.89 273.29 123.40 Interest Paid 0.00 0.00 0.00 Tax Paid -83.86 -63.84 -43.11 Other Direct Exp. Paid 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 Cash From Investing Activity -469.31 -172.45 -165.68 Net Fixed Assets -180.88 -135.78 Net Investments -0.10 0.41 Others -288.33 -37.08 Cash from Financing Activity 280.92 -37.01 82.52 Net Cash Inflow / Outflow 0.63 -0.01 -2.87 Opening Cash & Equivalents 0.01 0.02 2.89 Closing Cash & Equivalent 0.64 0.01 0.02

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10 Mar 09 Mar 08
Book Value (Rs.) 170.57 110.43 88.00 800.62 73.33 88.50 76.08 57.02 64.36 54.85 ROA 15.13% 17.00% 14.20% 0.93% -2.64% 1.65% 2.66% -1.73% 2.95% 7.47% ROE 18.73% 23.50% 19.86% 6.73% -18.91% 11.21% 20.13% -12.08% 15.88% 33.29% ROCE 22.70% 26.18% 21.81% 11.36% 8.27% 15.34% 13.08% 7.47% 11.16% 19.61% Fixed Asset Turnover 1.48 1.66 1.57 1.17 1.04 1.18 1.01 0.82 1.37 2.19 Receivable days 88.98 80.66 82.25 76.08 76.13 68.32 78.26 99.02 71.67 58.08 Inventory Days 52.69 53.80 64.84 69.42 79.88 80.55 84.55 112.29 94.06 71.77 Payable days 31.59 30.46 38.61 73.68 81.76 52.12 43.20 43.26 25.02 19.29 Cash Conversion Cycle 110.08 104.00 108.48 71.82 74.24 96.76 119.61 168.05 140.71 110.56 Total Debt/Equity 0.09 0.22 0.31 4.18 4.84 4.15 4.30 5.07 3.98 3.38 Interest Cover 28.55 23.45 27.83 1.18 0.74 1.32 1.37 1.34 1.74 2.98

Description Mar 24 Mar 23 Mar 22
Book Value (Rs.) 170.57 110.43 88.00 ROA 15.13% 16.99% 12.59% ROE 18.73% 23.50% 18.07% ROCE 22.70% 26.18% 19.38% Fixed Asset Turnover 1.48 1.66 1.47 Receivable days 88.98 80.66 94.23 Inventory Days 52.69 53.80 78.08 Payable days 31.59 30.46 41.57 Cash Conversion Cycle 110.08 104.00 130.75 Total Debt/Equity 0.09 0.22 0.31 Interest Cover 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

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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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