Happy Forgings Limited
NSE: HAPPYFORGE · Castings & Forgings
Snapshot
Unlock Happy Forgings Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Happy Forgings Limited is an Indian manufacturer specialising in heavy forged and machined components for the automotive and industrial sectors. The company produces a wide range of critical parts, including crankshafts, connecting rods, and axle beams, serving diverse industries such as commercial vehicles, aerospace, and power generation.
Business Model
The company generates revenue through the manufacturing and sale of forged and machined components, catering to both domestic original equipment manufacturers and international markets. Its business model relies on high-precision engineering capabilities and long-term supply relationships across the heavy commercial vehicle, farm equipment, and industrial machinery sectors.
- Incorporation Year:1979
Growth Outlook
Growth is driven by the expansion of the heavy commercial vehicle and farm equipment sectors, alongside increasing demand for precision components in the aerospace and defence industries. The company continues to leverage its export footprint across multiple continents to diversify its revenue streams.
Key Risks
- Cyclical Industry Exposure. The company's performance is highly sensitive to the cyclical nature of the commercial vehicle and industrial equipment sectors.
- Raw Material Price Volatility. Fluctuations in the prices of steel and other raw materials can significantly impact manufacturing margins.
- Geopolitical and Export Risk. As an exporter to multiple international markets, the company faces risks related to global trade policies, currency fluctuations, and geopolitical instability.
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Key Metrics
REVENUE
₹1,642 Cr
TTM · consolidated
NET PROFIT
₹327 Cr
TTM · consolidated
EPS
₹34.72
TTM · consolidated
RETURN ON EQUITY
16.5%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
22.0%
TTM · consolidated
P/E
64.5x
Q1 FY27 · consolidated
EV/EBITDA
39.5x
Q1 FY27 · consolidated
EBITDA MARGIN
33.0%
TTM · consolidated
NET PROFIT MARGIN
20.4%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.2%
Q1 FY27 · consolidated
Peers · Castings & Forgings
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Happy Forgings LimitedHAPPYFORGE | ₹21,120 Cr | 64.47 | 39.53 | 15.5% | 33.0% | 16.5% | 22.0% | +150.4% |
AIA Engineering Ltd.AIAENG | ₹39,486 Cr | 31.18 | 22.65 | 5.6% | 38.1% | 16.9% | 21.3% | +37.8% |
Balu Forge Industries LimitedBALUFORGE | ₹6,871 Cr | 23.60 | 19.91 | 19.7% | 29.5% | 20.2% | 24.8% | -15.7% |
SteelcastSTEELCAS | ₹3,320 Cr | 36.65 | 24.60 | 8.9% | 30.6% | 25.2% | 32.7% | +52.2% |
Amic ForgingAMIC | ₹2,314 Cr | — | — | — | 30.0% | — | — | +45.5% |
Investment & Precision Castings LimitedINVPRECQ | ₹1,274 Cr | 108.30 | 41.76 | 15.1% | 17.0% | 12.5% | 20.7% | +177.4% |
As of Q1 FY27
Financials
Happy Forgings Limited
NSE: HAPPYFORGE · Castings & Forgings
Snapshot
Unlock Happy Forgings Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Happy Forgings Limited is an Indian manufacturer specialising in heavy forged and machined components for the automotive and industrial sectors. The company produces a wide range of critical parts, including crankshafts, connecting rods, and axle beams, serving diverse industries such as commercial vehicles, aerospace, and power generation.
Business Model
The company generates revenue through the manufacturing and sale of forged and machined components, catering to both domestic original equipment manufacturers and international markets. Its business model relies on high-precision engineering capabilities and long-term supply relationships across the heavy commercial vehicle, farm equipment, and industrial machinery sectors.
- Incorporation Year:1979
Growth Outlook
Growth is driven by the expansion of the heavy commercial vehicle and farm equipment sectors, alongside increasing demand for precision components in the aerospace and defence industries. The company continues to leverage its export footprint across multiple continents to diversify its revenue streams.
Key Risks
- Cyclical Industry Exposure. The company's performance is highly sensitive to the cyclical nature of the commercial vehicle and industrial equipment sectors.
- Raw Material Price Volatility. Fluctuations in the prices of steel and other raw materials can significantly impact manufacturing margins.
- Geopolitical and Export Risk. As an exporter to multiple international markets, the company faces risks related to global trade policies, currency fluctuations, and geopolitical instability.
Start your research today
Unlock AI insights, financials, peers and live data on Happy Forgings Limited and 5,000+ companies — free.
Key Metrics
REVENUE
₹1,642 Cr
TTM · consolidated
NET PROFIT
₹327 Cr
TTM · consolidated
EPS
₹34.72
TTM · consolidated
RETURN ON EQUITY
16.5%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
22.0%
TTM · consolidated
P/E
64.5x
Q1 FY27 · consolidated
EV/EBITDA
39.5x
Q1 FY27 · consolidated
EBITDA MARGIN
33.0%
TTM · consolidated
NET PROFIT MARGIN
20.4%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.2%
Q1 FY27 · consolidated
Peers · Castings & Forgings
As of Q1 FY27