Nifty

:

23587.50

Sensex

:

78041.59

-364.20 (-1.52%)
-1176.46 (-1.49%)

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Nifty
Sensex

:
:

23587.50
78041.59

-364.20 (-1.52%)
-1176.46 (-1.49%)

Happy Forgings Ltd.

Forgings

Rating :

N/A

BSE: 544057 | NSE: HAPPYFORGE

Watchlist

NSE BSE

1010.65

20-Dec-2024

Open
High
Low
Previous Close

1020.00
1021.65
1001.05
1020.90

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

23056
232.87
1299.95
813.20

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

9,500.56
39.10
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

9,556.85
0.40%
5.55

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:

Description 2024 2025 2026 2027
Adj EPS 26.78 30.05 38.3 46.16
P/E Ratio 40.96 36.5 28.64 23.76
Revenue 1358 1526 1855 2183
EBITDA 388 440 548 652
Net Income 243 283 361 435
ROA 15.1 13.5 14.6 14.8
P/Bk Ratio 6.41 5.55 4.75 4.04
ROE 18.69 16.29 17.85 18.4
FCFF -16.76 122.5 88.9 208.5
FCFF Yield -0.16 1.19 0.86 2.02

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Sep 24 Sep 23 Var% Jun 24 Jun 23 Var% Mar 24 Mar 23 Var% Dec 23 Dec 22 Var%
Net Sales 361.13 343.08 5.26% 341.47 329.82 3.53% 343.34 302.47 13.51% 341.99 294.26 16.22%
Expenses 255.76 249.32 2.58% 243.86 229.62 6.20% 246.20 216.61 13.66% 246.81 221.05 11.65%
EBITDA 105.37 93.76 12.38% 97.60 100.20 -2.59% 97.14 85.86 13.14% 95.18 73.21 30.01%
EBIDTM 29.18% 27.33% 28.58% 30.38% 28.29% 28.39% 27.83% 24.88%
Other Income 13.14 0.68 1,832.35% 7.66 3.42 123.98% 7.20 1.67 331.14% 3.32 1.89 75.66%
Interest 1.57 4.44 -64.64% 1.37 2.69 -49.07% 0.86 5.34 -83.90% 3.78 3.45 9.57%
Depreciation 19.66 16.20 21.36% 18.01 15.46 16.49% 16.02 14.35 11.64% 17.06 15.52 9.92%
PBT 97.28 73.79 31.83% 85.88 85.47 0.48% 87.46 67.84 28.92% 77.67 56.13 38.38%
Tax 25.86 18.53 39.56% 22.02 21.43 2.75% 21.67 17.13 26.50% 19.77 14.54 35.97%
PAT 71.43 55.26 29.26% 63.86 64.04 -0.28% 65.79 50.71 29.74% 57.90 41.59 39.22%
PATM 19.78% 16.11% 18.70% 19.42% 19.16% 16.76% 16.93% 14.13%
EPS 7.58 5.87 29.13% 6.78 6.80 -0.29% 6.98 5.38 29.74% 6.15 4.42 39.14%

Description Sep 24 Sep 23 Var% Jun 24 Jun 23 Var% Mar 24 Mar 23 Var% Dec 23 Dec 22 Var%
Net Sales 361.13 343.08 5.26% 341.47 329.82 3.53% 343.34 302.47 13.51% 0.00 0.00 0
Expenses 255.77 249.32 2.59% 243.86 229.62 6.20% 246.21 216.61 13.67% 0.00 0.00 0
EBITDA 105.37 93.76 12.38% 97.60 100.20 -2.59% 97.14 85.86 13.14% 0.00 0.00 0
EBIDTM 29.18% 27.33% 28.58% 30.38% 28.29% 28.39% 0.00% 0.00%
Other Income 13.08 0.68 1,823.53% 7.61 3.42 122.51% 7.20 1.66 333.73% 0.00 0.00 0
Interest 1.57 4.44 -64.64% 1.37 2.69 -49.07% 0.86 5.34 -83.90% 0.00 0.00 0
Depreciation 19.66 16.20 21.36% 18.01 15.46 16.49% 16.02 14.35 11.64% 0.00 0.00 0
PBT 97.22 73.79 31.75% 85.82 85.47 0.41% 87.46 67.83 28.94% 0.00 0.00 0
Tax 25.86 18.53 39.56% 22.02 21.43 2.75% 21.67 17.13 26.50% 0.00 0.00 0
PAT 71.37 55.26 29.15% 63.80 64.04 -0.37% 65.78 50.70 29.74% 0.00 0.00 0
PATM 19.76% 16.11% 18.68% 19.42% 19.16% 16.76% 0.00% 0.00%
EPS 7.58 6.17 22.85% 6.77 7.16 -5.45% 6.98 5.66 23.32% 0.00 0.00 0

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 1,387.93 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 9.32% 13.51% 39.12% 129.54% 9.77% 14.56% 20.27% -1.71% 35.33% 52.44% Cost Of Goods Sold 598.81 596.59 551.05 388.40 184.84 169.40 150.53 134.33 143.50 106.73 81.13 Gross Profit 789.12 761.64 645.47 471.65 189.86 171.94 147.43 113.42 108.56 79.52 41.06 GP Margin 56.86% 56.08% 53.95% 54.84% 50.67% 50.37% 49.48% 45.78% 43.07% 42.70% 33.61% Total Expenditure 992.63 970.70 855.59 629.16 299.88 278.09 246.33 207.96 198.86 144.91 104.19 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 395.29 387.54 340.94 230.89 74.81 63.25 51.63 39.79 53.20 41.34 17.99 EBITDA Margin 28.48% 28.53% 28.49% 26.85% 19.97% 18.53% 17.33% 16.06% 21.11% 22.20% 14.72% Other Income 31.32 13.36 5.75 6.06 1.78 8.95 1.49 1.18 3.38 1.73 0.00 Interest 7.58 11.78 12.48 7.16 28.65 29.34 27.30 30.97 30.76 21.79 11.13 Depreciation 70.75 64.73 54.18 37.74 27.51 25.98 20.82 18.12 15.94 13.29 3.13 PBT 348.29 324.39 280.03 192.05 20.44 16.88 5.00 -8.12 9.89 7.98 3.74 Tax 89.32 81.41 71.33 49.76 3.47 2.08 1.50 1.44 4.20 -0.13 8.06 Tax Rate 25.65% 25.10% 25.47% 25.91% 16.98% 12.32% 30.00% -17.73% 42.47% -1.63% 215.51% PAT 258.98 242.99 208.70 142.28 16.96 14.80 3.50 -9.56 5.69 8.10 -4.32 PAT before Minority Interest 258.98 242.99 208.70 142.28 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 18.66% 17.89% 17.44% 16.54% 4.53% 4.34% 1.17% -3.86% 2.26% 4.35% -3.54% PAT Growth 22.39% 16.43% 46.68% 738.92% 14.59% 322.86% - - -29.75% - EPS 27.49 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 - 1,358.24 1,196.53 860.05 Net Sales Growth - 13.51% 39.12% Cost Of Goods Sold - 596.59 551.05 388.40 Gross Profit - 761.64 645.47 471.65 GP Margin - 56.08% 53.95% 54.84% Total Expenditure - 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 - 387.54 340.94 230.89 EBITDA Margin - 28.53% 28.49% 26.85% Other Income - 13.35 5.74 6.06 Interest - 11.78 12.48 7.16 Depreciation - 64.73 54.18 37.74 PBT - 324.39 280.02 192.05 Tax - 81.40 71.33 49.76 Tax Rate - 25.09% 25.47% 25.91% PAT - 242.98 208.70 142.29 PAT before Minority Interest - 242.98 208.70 142.29 Minority Interest - 0.00 0.00 0.00 PAT Margin - 17.89% 17.44% 16.54% PAT Growth - 16.43% 46.67% EPS - 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:

india business excellence fund iii

kotak small cap fund

sbi automotive opportunities fund

Annual Reports:

News Update:

Happy Forgings secures order to supply crankshafts for passenger vehicle segment
16th Dec 2024, 10:44 AM

This initial order for the crankshaft component is valued at around Rs 140 crore
Read More
Happy Forgings obtains order from North America
14th Nov 2024, 16:21 PM

The size of order is around Rs 28 crore p.a. on fully ramped up supply volumes and around Rs 135-145 crore for the contract period
Read More

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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