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Happy Forgings

  • Market Cap: Mid Cap
  • Industry: Auto Ancillary
  • ISIN: INE330T01021
  • NSEID: HAPPYFORGE
  • BSEID: 544057
INR
772.05
0.05 (0.01%)
BSENSE

Apr 11, 12:53 PM

BSE+NSE Vol: 18.43 k

Click here to access the older version
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

765.30789.95

52 Week

716.101,298.95
Valuation
Technical
Day's Volume

CASH

18.43 k (-16.63%) Volume

Shareholding (Dec 2024)

FII

2.28%

Held by 35 FIIs

DII

17.06%

Held by 11 DIIs

Promoter

78.60%

iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Dashboard
1

Flat results in Dec 24

 
2

Stock is technically in a Bearish range

3

With ROE of 15.5, it has a Very Expensive valuation with a 4.3 Price to Book Value

4

Underperformed the market in the last 1 year

stock-summaryMojo Parameters
Mojo Parameters
Loading Valuation Snapshot...
Stock DNA
stock-summary
Industry

Auto Ancillary

stock-summary
Market cap

INR 7,276 Cr (Mid Cap)

stock-summary
P/E

27.00

stock-summary
Industry P/E

28

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.03

stock-summary
Return on Equity

15.52%

stock-summary
Price to Book

4.25

Revenue and Profits (1 Year):
Net Sales:
354 Cr
(Quarterly Results - Dec 2024)
Net Profit:
65 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
6 Months
-31.53%
0%
-31.53%
1 Year
-15.1%
0%
-15.1%
2 Years
0%
0%
0.0%
3 Years
0%
0%
0.0%
4 Years
0%
0%
0.0%
5 Years
0%
0%
0.0%

Happy Forgings for the last several years.

Risk Adjusted Returns v/s Sensex stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
25.70%
EBIT Growth (5y)
29.28%
EBIT to Interest (avg)
37.23
Debt to EBITDA (avg)
0.38
Net Debt to Equity (avg)
0.02
Sales to Capital Employed (avg)
0.75
Tax Ratio
25.70%
Dividend Payout Ratio
15.51%
Pledged Shares
0
Institutional Holding
19.35%
ROCE (avg)
18.99%
ROE (avg)
15.07%
Valuation key factors
Factor
Value
P/E Ratio
27
Industry P/E
28
Price to Book Value
4.25
EV to EBIT
22.30
EV to EBITDA
18.26
EV to Capital Employed
4.15
EV to Sales
5.24
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
18.37%
ROE (Latest)
15.52%
Tecnicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Dow Theory
Bearish
Bearish
OBV
Mildly Bullish
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2024stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 13 Schemes (7.53%)

FIIs

Held by 35 FIIs (2.28%)

Promoter with highest holding

Paritosh Kumar (40.39%)

Highest Public shareholder

Business Excellence Trust Iii - India Business Excellence Fund Iii (8.3%)

Individual Investors Holdings

1.83%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Standalone) - Dec'24 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is -1.89% vs 5.76% in Sep 2024",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is -9.67% vs 11.85% in Sep 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Sep'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "354.32",
          "val2": "361.13",
          "chgp": "-1.89%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "101.45",
          "val2": "105.37",
          "chgp": "-3.72%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "2.15",
          "val2": "1.57",
          "chgp": "36.94%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "64.52",
          "val2": "71.43",
          "chgp": "-9.67%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "28.63%",
          "val2": "29.18%",
          "chgp": "-0.55%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Sep'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      }
    ],
    "table": {
      "header": [
        "Sep'24",
        "Sep'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "702.60",
          "val2": "672.90",
          "chgp": "4.41%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "202.98",
          "val2": "195.21",
          "chgp": "3.98%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "2.94",
          "val2": "7.13",
          "chgp": "-58.77%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "135.28",
          "val2": "119.30",
          "chgp": "13.39%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "28.89%",
          "val2": "29.01%",
          "chgp": "-0.12%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Standalone) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,056.92",
          "val2": "1,014.89",
          "chgp": "4.14%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "304.43",
          "val2": "290.39",
          "chgp": "4.83%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "5.09",
          "val2": "10.91",
          "chgp": "-53.35%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "199.80",
          "val2": "177.20",
          "chgp": "12.75%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "28.80%",
          "val2": "28.61%",
          "chgp": "0.19%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2024 is 13.51% vs 39.12% in Mar 2023",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2024 is 16.43% vs 46.68% in Mar 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'24",
        "Mar'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,358.24",
          "val2": "1,196.53",
          "chgp": "13.51%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "387.55",
          "val2": "340.93",
          "chgp": "13.67%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "11.78",
          "val2": "12.48",
          "chgp": "-5.61%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "242.99",
          "val2": "208.70",
          "chgp": "16.43%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "28.53%",
          "val2": "28.49%",
          "chgp": "0.04%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Standalone) - Dec'24 - QoQstock-summary
Dec'24
Sep'24
Change(%)
Net Sales
354.32
361.13
-1.89%
Operating Profit (PBDIT) excl Other Income
101.45
105.37
-3.72%
Interest
2.15
1.57
36.94%
Exceptional Items
0.00
0.00
Standalone Net Profit
64.52
71.43
-9.67%
Operating Profit Margin (Excl OI)
28.63%
29.18%
-0.55%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2024 is -1.89% vs 5.76% in Sep 2024

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Dec 2024 is -9.67% vs 11.85% in Sep 2024

All Quarterly Resultsstock-summary
Half Yearly Results Snapshot (Standalone) - Sep'24stock-summary
Sep'24
Sep'23
Change(%)
Net Sales
702.60
672.90
4.41%
Operating Profit (PBDIT) excl Other Income
202.98
195.21
3.98%
Interest
2.94
7.13
-58.77%
Exceptional Items
0.00
0.00
Standalone Net Profit
135.28
119.30
13.39%
Operating Profit Margin (Excl OI)
28.89%
29.01%
-0.12%
Values in Rs Cr.
stock-summary Compare with Peers
Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Half Yearly Resultsstock-summary
Nine Monthly Results Snapshot (Standalone) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
1,056.92
1,014.89
4.14%
Operating Profit (PBDIT) excl Other Income
304.43
290.39
4.83%
Interest
5.09
10.91
-53.35%
Exceptional Items
0.00
0.00
Standalone Net Profit
199.80
177.20
12.75%
Operating Profit Margin (Excl OI)
28.80%
28.61%
0.19%
Values in Rs Cr.
stock-summary Compare with Peers
Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Nine Monthly Resultsstock-summary
Annual Results Snapshot (Standalone) - Mar'24stock-summary
Mar'24
Mar'23
Change(%)
Net Sales
1,358.24
1,196.53
13.51%
Operating Profit (PBDIT) excl Other Income
387.55
340.93
13.67%
Interest
11.78
12.48
-5.61%
Exceptional Items
0.00
0.00
Standalone Net Profit
242.99
208.70
16.43%
Operating Profit Margin (Excl OI)
28.53%
28.49%
0.04%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2024 is 13.51% vs 39.12% in Mar 2023

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2024 is 16.43% vs 46.68% in Mar 2023

All Annual Resultsstock-summary
stock-summaryCompany CV
About Happy Forgings Ltd stock-summary
stock-summary
Happy Forgings Ltd
Mid Cap
Auto Ancillary
Happy Forgings Limited was incorporated as `Happy Forgings Private Limited' at Jalandhar, Punjab as a private limited company, pursuant to a certificate of incorporation dated July 2, 1979, issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh.
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