Happy Forgings Ltd

544057

Summary

Fair Value Assessment
Undervalued (14% Discount)
Fair ValueQ955.64UncertaintyHigh
Close Price819.25Mar 25, 2025
Market Closed
819.25
Price Down by 36.45 | 4.26 %
Previous Close
819.25
Day Range
816.00 – 865.00
Year Range
751.25 – 1,298.95
Bid / Ask
Market Cap
77.2 Bil
Volume / Average
6.9 k / 65.9 k
Beta (1-Year)
Shares Outstanding
94.24 Mil
Primary Exchange
Bombay Stock Exchange

Business Description
Happy Forgings Ltd is a manufacturer specializing in designing and manufacturing heavy forgings and high-precision machined components. The company manufactures, designs, and tests various products such as crankshafts, front axle carriers, steering knuckles, differential housings, transmission parts, pinion shafts, suspension products, and valve bodies for different industries and customers. The Company business comprises only the Forging segment where the company sells forged products comprising of forgings and machined components for the automotive and industrial sectors. The company generates the majority of its revenue within India.
Contact
H.B 220 Post Office - Rajgarh, Village Dugri, Ludhiana, PB 141 421
T +91 1615217162
www.happyforgingsltd.com opens in a new tab
Sector
Industrials
Industry
Metal Fabrication
Most Recent Earnings
Dec 31, 2024
Fiscal Year End
Mar 31, 2025
Employees
3,174

Key Metrics

Income Statement (in Bil, except ratios)
12/31/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Revenue
12.85 12.43 10.74 7.94 5.49
Revenue Growth %
7.60% 15.80% 35.25% 44.66%
Gross Profit
6.09 5.65 4.56 3.54 2.59
Gross Profit Margin %
47.35% 45.48% 42.45% 44.57% 47.26%
Operating Income
3.29 3.23 2.91 1.93 1.24
Operating Margin %
25.61% 25.99% 27.10% 24.34% 22.61%
EBIT
3.55 3.28 2.91 1.98 1.24
EBIT Margin %
27.61% 26.37% 27.14% 24.90% 22.60%
EBITDA
4.28 3.92 3.46 2.35 1.60
EBITDA Margin %
33.28% 31.57% 32.19% 29.66% 29.11%
Net Income
2.66 2.43 2.09 1.42 0.86
Net Profit Margin %
20.66% 19.55% 19.44% 17.93% 15.76%
Basic EPS
29.17 26.78 22.15 15.10 9.18
Diluted EPS
29.15 26.75 22.15 15.10 9.18
Normalized EPS
Total Dividends per Share
4.00
Balance Sheet (in Bil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Total Assets
20.20 18.86 13.26 11.30 8.76
Total Liabilities
3.09 2.73 3.38 3.42 2.31
Total Debt
1.49 1.43 2.19 2.40 1.53
Total Equity
17.11 16.12 9.88 7.88 6.45
Cash And Cash Equivalents
0.03 0.01 0.03
Working Capital
5.20 5.00 2.33 1.80 1.56
Shares Outstanding (Bil)
0.09
Book Value Per Share
170.57
Total Debt To Equity
0.09 0.09 0.22 0.31 0.24
Cash Flow Statement (in Bil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Cash From Operating Activities
2.22 1.89 2.09 0.80 0.50
Cash From Investing Activities
-4.45 -4.69 -1.72 -1.66 -0.59
Cash From Financing Activities
2.25 2.81 -0.37 0.83 0.10
Capital Expenditures
1.94 1.75 1.91 0.92
Free Cash Flow
1.05 1.01 -0.09 0.15
Change in Cash
0.02 0.01 -0.03 0.01

Profile

There is no Key Executive Team data available.
Transaction History

Shares in Thousands
0 5 10 15 20 25 30 35 40
>
No Data Available
There is no available information for this investment.
Sep
2023
    • Buy
    • Acquisition
    • Option Exercise
    • Disposition
    • Sell
Transaction Detail
No Data Available
There is no available information for this investment.

Ownership

Name
% Total
Shares Held
% Total
Assets
Trend
Prev. 8 Qtrs
Change Amount
Change %
Date
SBI Small Cap Fund Reg Gr 3.93 1.10 3,700,000
108,234
3.01%
Feb 28, 2025
Kotak Small Cap Reg Gr 1.69 0.93 1,594,891
Feb 28, 2025
SBI Automotive Opportunities Dir Gr Not Rated 1.49 2.34 1,400,000
8,776
0.63%
Feb 28, 2025
DSP Small Cap Reg Gr 0.71 0.42 667,213
Feb 28, 2025
SBI Flexicap Reg Gr 0.58 0.23 543,000
Feb 28, 2025
Total (for Top 5) 8.39 7,905,104
117,010

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