Happy Forgings
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Happy Forgings share price

Happy Forgings Ltd.

NSE: HAPPYFORGE BSE: 544057 SECTOR: Forgings  36k   54   21

880.00
-1.80 (-0.20%)
BSE: 21 Feb 04:01 PM

Price Summary

Today's High

₹ 891.4

Today's Low

₹ 870.45

52 Week High

₹ 1298.95

52 Week Low

₹ 813.55

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 8293.31 Cr.

Enterprise Value

₹ 8318.96 Cr.

No. of Shares

9.42 Cr.

P/E

31.23

P/B

4.67

Face Value

₹ 2

Div. Yield

0.45 %

Book Value (TTM)

₹  188.4

CASH

₹ 117.36 Cr.

DEBT

₹ 143.01 Cr.

Promoter Holding

78.6 %

EPS (TTM)

₹  28.18

Sales Growth

13.51%

ROE

18.73 %

ROCE

22.7%

Profit Growth

16.43 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year13.51%
3 Year32.42%
5 Year12.6%

Profit Growth

1 Year16.43%
3 Year41.13%
5 Year20.55%

ROE%

1 Year18.73%
3 Year20.7%
5 Year19.93%

ROCE %

1 Year22.7%
3 Year23.56%
5 Year22.41%

Debt/Equity

0.089

Price to Cash Flow

43.88

Interest Cover Ratio

28.5471

CFO/PAT (5 Yr. Avg.)

0.917093878607453

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2024 78.60 0.00
Sep 2024 78.60 0.00
Jun 2024 78.60 0.00
Mar 2024 78.60 0.00
Dec 2023 78.60 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 41.1278964761198% for the Past 3 years.
  • The company has shown a good revenue growth of 32.418570071195% for the Past 3 years.
  • The company has significantly decreased its debt by 75.5087 Cr.
  • Company has been maintaining healthy ROE of 20.6970374538676% over the past 3 years.
  • Company has been maintaining healthy ROCE of 23.5618299701451% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 28.5471.
  • The Company has been maintaining an effective average operating margins of 27.2691482695102% in the last 5 years.
  • Company has a healthy liquidity position with current ratio of 3.0668.
  • The company has a high promoter holding of 78.6%.

 Limitations

 Looks like the company does not have any serious limitations.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Net Sales 341.99 343.34 341.47 361.13 354.33
Total Expenditure 246.81 246.2 243.86 255.76 252.87
Operating Profit 95.18 97.14 97.6 105.37 101.46
Other Income 3.32 7.2 7.66 13.14 6.62
Interest 3.78 0.86 1.37 1.57 2.15
Depreciation 17.06 16.02 18.01 19.66 19.11
Exceptional Items 0 0 0 0 0
Profit Before Tax 77.67 87.46 85.88 97.28 86.82
Tax 19.77 21.67 22.02 25.86 22.3
Profit After Tax 57.9 65.79 63.86 71.43 64.52
Adjusted EPS (Rs) 6.15 6.98 6.78 7.58 6.85

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 558.09 584.96 860.05 1196.53 1358.24
Total Expenditure 415.65 426.21 629.16 855.59 970.7
Operating Profit 142.44 158.74 230.89 340.94 387.54
Other Income 6.82 5.86 6.06 5.75 13.36
Interest 25.06 11.78 7.16 12.48 11.78
Depreciation 28.4 35.76 37.74 54.18 64.73
Exceptional Items 0 0 0 0 0
Profit Before Tax 95.8 117.06 192.05 280.03 324.39
Tax 15.86 30.61 49.76 71.33 81.41
Net Profit 79.94 86.45 142.28 208.7 242.99
Adjusted EPS (Rs.) 8.93 9.66 15.9 23.32 25.79

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 8.95 8.95 17.9 17.9 18.84
Total Reserves 549.53 636.21 769.71 970.4 1593.65
Borrowings 54.22 30 74.05 58.18 0
Other N/C liabilities 21.65 23.49 22.94 23.05 31.62
Current liabilities 128.67 175.54 245.26 256.64 241.83
Total Liabilities 763.01 874.19 1129.86 1326.16 1885.95
Assets
Net Block 275.45 414.65 456.19 678.44 743.67
Capital WIP 108.35 39.42 212.26 74.75 121.94
Intangible WIP 0.79 0.95 0 0 4.76
Investments 0 0 0.41 0 0.1
Loans & Advances 101.48 83.57 34.94 60 81.3
Other N/C Assets 0.11 1 1.1 23.64 192.53
Current Assets 276.83 334.59 424.97 489.33 741.65
Total Assets 763.01 874.19 1129.86 1326.16 1885.95
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 96.48 117.06 192.05 280.03 324.39
Adjustment 49.81 45.62 40.2 71.2 71.51
Changes in Assets & Liabilities 47.32 -78.91 -108.86 -77.94 -123.02
Tax Paid -24.91 -33.91 -43.11 -63.84 -83.86
Operating Cash Flow 168.71 49.85 80.28 209.46 189.02
Investing Cash Flow -118.92 -58.69 -165.66 -172.45 -469.41
Financing Cash Flow -49.99 9.67 82.52 -37.01 280.92
Net Cash Flow -0.19 0.84 -2.87 -0.01 0.52

Corporate Actions

Investors Details

PARTICULARS Dec 2023% Mar 2024% Jun 2024% Sep 2024% Dec 2024%
promoters 78.60 78.60 78.60 78.60 78.60
ashish garg 13.74 13.74 13.74 13.74 13.74
ashish garg & sons huf 0.27 0.27 0.27 0.27 0.27
ayush capital and financi... - 11.41 11.41 11.41 11.41
megha garg 2.57 2.57 2.57 2.57 2.57
paritosh kumar - 49.89 49.89 49.89 49.89
paritosh kumar garg huf 0.73 0.73 - - 0.73
paritosh kumar garg (huf)... - - 0.73 0.73 -
ayush capital & financial... 11.41 - - - -
garg family trust 40.39 - - - -
paritosh kumar garg 9.50 - - - -
PARTICULARS Dec 2023% Mar 2024% Jun 2024% Sep 2024% Dec 2024%
investors 21.40 21.40 21.40 21.40 21.40
aditya birla sun life tru... - - - - 1.06
business excellence trust... - - - - 8.30
kotak small cap fund - 2.36 2.36 2.36 2.26
sbi automotive opportunit... - - - 2.13 1.97
india business excellence... - - - 8.30 -
india business excellence... - 8.80 8.48 - -
sbi flexicap fund - 1.32 1.70 - -
business excellence trust... 8.80 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Happy Forgings informs about signing of MoU 11 Feb, 5:22 PM Happy Forgings informs about audio recording of conference call 10 Feb, 5:28 PM Happy Forgings informs about integrated filing 7 Feb, 5:22 PM Happy Forgings - Quaterly Results 7 Feb, 4:21 PM Happy Forgings - Quaterly Results 7 Feb, 4:21 PM Happy Forgings - Quaterly Results 7 Feb, 4:21 PM Happy Forgings informs about outcome of board meeting 6 Jan, 4:44 PM Happy Forgings informs about press release 6 Jan, 3:40 PM Happy Forgings secures approval for capex budget of Rs 650 crore to set up facilities 6 Jan, 2:41 PM Happy Forgings secures order to supply crankshafts for passenger vehicle segment 16 Dec, 10:44 AM Happy Forgings informs about investors conference 21 Nov, 5:17 PM Happy Forgings obtains order from North America 14 Nov, 4:21 PM Happy Forgings - Quaterly Results 7 Nov, 4:47 PM Happy Forgings - Quaterly Results 7 Nov, 4:47 PM Happy Forgings - Quaterly Results 7 Nov, 4:47 PM Happy Forgings - Quaterly Results 7 Aug, 4:41 PM Happy Forgings - Quaterly Results 7 Aug, 4:41 PM Happy Forgings - Quaterly Results 7 Aug, 4:41 PM Happy Forgings informs about compliance certificate 9 Jul, 4:55 PM Happy Forgings informs about closure of trading window 26 Jun, 2:10 PM Happy Forgings informs about newspaper advertisement 25 May, 3:16 PM Happy Forgings - Quaterly Results 24 May, 6:01 PM Happy Forgings - Quaterly Results 24 May, 6:01 PM Happy Forgings informs about report of monitoring agency 8 May, 11:59 AM Happy Forgings secures order to supply E Axle components for Electric SUVs in US market 3 May, 3:53 PM Happy Forgings obtains order for supply of brake flanges for passenger vehicles 16 Apr, 9:39 AM Happy Forgings informs about certificate 6 Apr, 12:08 PM Happy Forgings incorporates wholly owned subsidiary 22 Mar, 2:42 PM Happy Forgings submits analyst meet intimation 27 Feb, 1:07 PM Happy Forgings bags order worth around Rs 400 crore 16 Feb, 10:59 AM Happy Forgings - Quaterly Results 9 Feb, 6:08 PM Happy Forgings - Quaterly Results 9 Feb, 6:08 PM Happy Forgings informs about certificate 11 Jan, 12:47 PM Happy Forgings informs about certificate 11 Jan, 11:01 AM Happy Forgings coming with IPO to raise upto Rs 1029.39 crore 16 Dec, 3:16 PM

Happy Forgings Stock Price Analysis and Quick Research Report. Is Happy Forgings an attractive stock to invest in?

Stock investing requires careful analysis of financial data to determine a company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement, which can be time-consuming and cumbersome.

Examining a company's financial ratios is an easier way to determine its performance, which can help to make sense of the overwhelming amount of information in its financial statements. 

Happy Forgings stock price today is Rs 882.1. Here are a few indispensable ratios that should be a part of every investor’s research process, or, in simpler words, how to analyse Happy Forgings . 

  • PE ratio: Price to Earnings ratio, which indicates how much an investor is willing to pay for a share for every rupee of earnings. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Happy Forgings has a PE ratio of 31.3004538406129 which is high and comparatively overvalued .

  • Share Price: - The current share price of Happy Forgings is Rs 882.1. One can use valuation calculators of ticker to know if Happy Forgings share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Happy Forgings has ROA of 15.1294 % which is a good sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Happy Forgings has a Current ratio of 3.0668 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders' investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Happy Forgings has a ROE of 18.7264 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Happy Forgings has a Debt to Equity ratio of 0.089 which means that the company has low proportion of debt in its capital.

  • Sales growth: - Happy Forgings has reported revenue growth of 13.5147 % which is poor in relation to its growth and performance. 

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Happy Forgings for the current financial year is 28.5326303429787 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Happy Forgings is Rs 4 and the yield is 0.4536 %.

  • Earnings Per Share: - It tells us how much profit is allocated to to each outstanding share of a common stock. The latest EPS of Happy Forgings is Rs 28.1817 . The higher the EPS, the better it is for investors. 

One can find all the Financial Ratios of Happy Forgings in Ticker for free. Also, one can get the intrinsic value of Happy Forgings by using Valuation Calculators, which are available with a Finology ONE subscription. 

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Brief about Happy Forgings

Happy Forgings Limited.. Financials: Check Share Price, Balance Sheet, Annual Report, Quarterly Results, Shareholding, Company Profile and News for Company Analysis

Happy Forgings Limited Ltd is a leading player in the forging industry. With a strong presence in the market, the company has built a reputation for delivering high-quality forged products to various industries. Established in [year], Happy Forgings Limited Ltd has grown steadily over the years and has become a trusted name in the industry.

Happy Forgings Limited  - Share Price

The share price of Happy Forgings Limited Ltd reflects the market sentiment towards the company. Investors can track the share price on our website to stay updated on the latest trends. Our pre-built screening tools provide an easy way to analyze the share price and identify any potential investment opportunities.

Happy Forgings Limited  - Balance Sheet

The balance sheet of Happy Forgings Limited Ltd provides important insights into the company's financial position. Investors can access the balance sheet on our website to assess the company's assets, liabilities, and shareholders' equity. Our premium features, such as the DCF Analysis and BVPS Analysis tools, allow investors to calculate the fair value of the company based on its balance sheet.

Happy Forgings Limited - Annual Report

The annual report of Happy Forgings Limited Ltd is a comprehensive document that provides a detailed overview of the company's performance throughout the year. Investors can download the annual report from our website to gain valuable insights into the company's operations, financials, and future prospects.

Happy Forgings Limited - Dividend

A key aspect for long-term investors is dividends. Happy Forgings Limited Ltd has a track record of consistently rewarding shareholders through dividends. Investors can stay updated on the dividend announcements and payouts on our website. The fair value calculation tools, such as the Dividend Discount Model, can assist investors in determining the value of the company's dividend payments.

Happy Forgings Limited - Quarterly Result

Tracking the quarterly results of Happy Forgings Limited Ltd is crucial for investors to assess the company's performance and identify any emerging trends. Investors can find the quarterly results on our website and use the premium features like the Earnings multiple approach to analyze the earnings potential of the company.

Happy Forgings Limited - Stock Price

The stock price of Happy Forgings Limited Ltd is subject to market dynamics and investor sentiment. Our website provides a live stock price chart that allows investors to track the stock's performance over time. Investors can also utilize our tools, such as the DuPont Analysis, to delve deeper into the factors impacting the stock price.

Happy Forgings Limited - Price Chart

The price chart of Happy Forgings Limited Ltd visually represents the stock's historical movements. Investors can analyze the price chart on our website to identify patterns, trends, and potential entry or exit points. Our pre-built screening tools can further assist investors in conducting technical analysis based on the price chart.

Happy Forgings Limited - News

Staying updated on the latest news and developments related to Happy Forgings Limited Ltd is essential for investors. Our website provides a dedicated section where investors can access news articles, press releases, and market updates pertaining to the company. This valuable information enables investors to make well-informed investment decisions.

Happy Forgings Limited - Concall Transcripts

Listening to the conference call transcripts of Happy Forgings Limited Ltd can provide investors with insights into the management's perspective on the company's performance and future plans. Investors can download the concall transcripts from our website to gain a deeper understanding of the company's strategy and outlook.

Happy Forgings Limited - Investor Presentations

Investor presentations by Happy Forgings Limited Ltd serve as a valuable resource for investors to understand the company's business model, growth prospects, and financial performance. Investors can access these presentations on our website to gain insights directly from the management and make informed investment decisions.

Happy Forgings Limited - Promoters

The promoters of Happy Forgings Limited Ltd play a vital role in shaping the company's strategy and decision-making process. Our website provides information about the promoters, their background, and their shareholding in the company. Understanding the promoters' track record and vision can provide investors with confidence and a long-term perspective.

Happy Forgings Limited - Shareholders

Happy Forgings Limited Ltd has a diverse shareholder base, comprising individual and institutional investors. Our website provides information about the major shareholders of the company, helping investors understand the investor sentiment and potential market impact. This information can assist investors in making informed decisions based on the shareholding pattern.

In conclusion, Happy Forgings Limited Ltd provides comprehensive stock analysis tools and resources to enable investors to make well-informed decisions. The company profile, share price, balance sheet, annual report, dividend, quarterly results, stock price, news, concall transcripts, investor presentations, promoters, and shareholders information provided on our website empower long-term stock investors to perform thorough analysis and make confident investment choices. Our pre-built screening tools and premium features, such as fair value calculation tools, further enhance the analytical capabilities of investors. 

Happy Forgings Balance Sheet Analysis

Happy Forgings Share Capital Stability

Between March 2020 and March 2024, Happy Forgings maintained stable share capital which eventually increased from Rs 8.95 Cr in March 2020 to Rs 18.84 Cr by March 2024. This indicates a conservative approach towards equity financing.

Happy Forgings Reserves Growth

The total reserves of Happy Forgings saw significant growth, escalating from Rs 549.53 Cr in March 2020 to Rs 1,593.65 Cr by March 2024. This growth represents a strong retention of earnings and reinvestment strategy by the company.

Happy Forgings Debt Management

Happy Forgings managed their borrowings effectively, reducing their debt from Rs 54.22 Cr in March 2020 to zero by March 2024. This reflects excellent debt management and a move towards a debt-free status.

Happy Forgings Asset Expansion

The company's total assets grew robustly from Rs 763.01 Cr in March 2020 to Rs 1,885.95 Cr in March 2024. Notable increases were seen in net block and current assets, indicating expansion and increased operational capacity.

Analysis of Happy Forgings Current and Non-Current Assets

Significant investment in non-current assets such as net block and considerable growth in current assets from Rs 276.83 Cr in March 2020 to Rs 741.65 Cr in March 2024 depict robust strategic asset allocation to support future growth.

This data presents an analysis for the Standalone Balance Sheet of the company.

For those interested in market trends, Happy Forgings aligns closely with the heavy industrial sector, which is often analyzed on leading indices like NSE and BSE.

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