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Last Updated on: 25 April, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 544057 | NSE: HAPPYFORGE

Happy Forgings Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 24, 2025, 7:47 pm

Market Cap 7,598 Cr.
Current Price 810
High / Low 1,300/716
Stock P/E28.6
Book Value 182
Dividend Yield0.49 %
ROCE22.7 %
ROE18.7 %
Face Value 2.00
PEG Ratio-0.56

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Happy Forgings Ltd

Competitors of Happy Forgings Ltd

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Happy Forgings Ltd 7,598 Cr. 810 1,300/71628.6 1820.49 %22.7 %18.7 % 2.00
EL Forge Ltd 50.0 Cr. 24.6 44.4/14.620.4 11.60.00 %%% 10.0
CIE Automotive India Ltd 15,763 Cr. 416 628/35719.1 1731.68 %16.6 %13.2 % 10.0
Amforge Industries Ltd 13.4 Cr. 9.33 15.5/7.26 8.930.00 %3.55 %3.17 % 2.00
Tirupati Forge Ltd 422 Cr. 35.6 72.9/14.049.8 5.320.00 %18.3 %15.0 % 2.00
Industry Average10,157.56 Cr295.01163.71147.850.35%11.36%12.83%5.86

All Competitor Stocks of Happy Forgings Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Sales 294302330343342343341361354
Expenses 221217230249247246244256253
Operating Profit 738610094959798105101
OPM % 25%28%30%27%28%28%29%29%29%
Other Income 2231378137
Interest 353441122
Depreciation 161415161716182019
Profit before tax 566885747887869787
Tax % 26%25%25%25%25%25%26%27%26%
Net Profit 425164555866647165
EPS in Rs 4.655.677.166.176.156.986.787.586.85

Last Updated: March 4, 2025, 12:03 pm

Below is a detailed analysis of the quarterly data for Happy Forgings Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

  • For Sales, as of Dec 2024, the value is 354.00 Cr.. The value appears to be declining and may need further review. It has decreased from 361.00 Cr. (Sep 2024) to 354.00 Cr., marking a decrease of 7.00 Cr..
  • For Expenses, as of Dec 2024, the value is 253.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 256.00 Cr. (Sep 2024) to 253.00 Cr., marking a decrease of 3.00 Cr..
  • For Operating Profit, as of Dec 2024, the value is 101.00 Cr.. The value appears to be declining and may need further review. It has decreased from 105.00 Cr. (Sep 2024) to 101.00 Cr., marking a decrease of 4.00 Cr..
  • For OPM %, as of Dec 2024, the value is 29.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 29.00%.
  • For Other Income, as of Dec 2024, the value is 7.00 Cr.. The value appears to be declining and may need further review. It has decreased from 13.00 Cr. (Sep 2024) to 7.00 Cr., marking a decrease of 6.00 Cr..
  • For Interest, as of Dec 2024, the value is 2.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 2.00 Cr..
  • For Depreciation, as of Dec 2024, the value is 19.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 20.00 Cr. (Sep 2024) to 19.00 Cr., marking a decrease of 1.00 Cr..
  • For Profit before tax, as of Dec 2024, the value is 87.00 Cr.. The value appears to be declining and may need further review. It has decreased from 97.00 Cr. (Sep 2024) to 87.00 Cr., marking a decrease of 10.00 Cr..
  • For Tax %, as of Dec 2024, the value is 26.00%. The value appears to be improving (decreasing) as expected. It has decreased from 27.00% (Sep 2024) to 26.00%, marking a decrease of 1.00%.
  • For Net Profit, as of Dec 2024, the value is 65.00 Cr.. The value appears to be declining and may need further review. It has decreased from 71.00 Cr. (Sep 2024) to 65.00 Cr., marking a decrease of 6.00 Cr..
  • For EPS in Rs, as of Dec 2024, the value is 6.85. The value appears to be declining and may need further review. It has decreased from 7.58 (Sep 2024) to 6.85, marking a decrease of 0.73.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 15, 2025, 3:16 am

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales 5507505585858601,1971,3581,400
Expenses 413545416426629856971999
Operating Profit 137205142159231341388402
OPM % 25%27%26%27%27%28%29%29%
Other Income 4176661335
Interest 22232512712126
Depreciation 2329283638546573
Profit before tax 9615596117192280324357
Tax % 39%38%17%26%26%25%25%
Net Profit 58958086142209243266
EPS in Rs 738.381,066.26893.18965.9215.9023.3225.7928.19
Dividend Payout % -0%-0%-0%-0%-0%6%16%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)63.79%-15.79%7.50%65.12%47.18%16.27%
Change in YoY Net Profit Growth (%)0.00%-79.58%23.29%57.62%-17.93%-30.92%

Happy Forgings Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2018-2019 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:13%
3 Years:32%
TTM:6%
Compounded Profit Growth
10 Years:%
5 Years:21%
3 Years:41%
TTM:17%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:-16%
Return on Equity
10 Years:%
5 Years:19%
3 Years:20%
Last Year:19%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 2:35 pm

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital 899918181919
Reserves 1764705506367709701,5941,692
Borrowings 301156105150240219143148
Other Liabilities 928510079102119130160
Total Liabilities 5767197638741,1301,3261,8862,019
Fixed Assets 285291275415456678744894
CWIP 946109402127512769
Investments 030000000
Other Assets 2823523784194615731,0151,057
Total Assets 5767197638741,1301,3261,8862,019

Below is a detailed analysis of the balance sheet data for Happy Forgings Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2024, the value is ₹19.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 19.00 Cr..
  • For Reserves, as of Sep 2024, the value is ₹1,692.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,594.00 Cr. (Mar 2024) to ₹1,692.00 Cr., marking an increase of 98.00 Cr..
  • For Borrowings, as of Sep 2024, the value is ₹148.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 143.00 Cr. (Mar 2024) to ₹148.00 Cr., marking an increase of 5.00 Cr..
  • For Other Liabilities, as of Sep 2024, the value is ₹160.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 130.00 Cr. (Mar 2024) to ₹160.00 Cr., marking an increase of 30.00 Cr..
  • For Total Liabilities, as of Sep 2024, the value is ₹2,019.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,886.00 Cr. (Mar 2024) to ₹2,019.00 Cr., marking an increase of 133.00 Cr..
  • For Fixed Assets, as of Sep 2024, the value is ₹894.00 Cr.. The value appears strong and on an upward trend. It has increased from 744.00 Cr. (Mar 2024) to ₹894.00 Cr., marking an increase of 150.00 Cr..
  • For CWIP, as of Sep 2024, the value is ₹69.00 Cr.. The value appears to be declining and may need further review. It has decreased from 127.00 Cr. (Mar 2024) to ₹69.00 Cr., marking a decrease of 58.00 Cr..
  • For Investments, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
  • For Other Assets, as of Sep 2024, the value is ₹1,057.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,015.00 Cr. (Mar 2024) to ₹1,057.00 Cr., marking an increase of 42.00 Cr..
  • For Total Assets, as of Sep 2024, the value is ₹2,019.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,886.00 Cr. (Mar 2024) to ₹2,019.00 Cr., marking an increase of 133.00 Cr..

Notably, the Reserves (1,692.00 Cr.) exceed the Borrowings (148.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +1361695080209189
Cash from Investing Activity +-162-119-59-166-172-469
Cash from Financing Activity +27-501083-37281
Net Cash Flow1-01-3-01

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-164.0049.0037.009.00-9.00122.00245.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days1148290103949496
Inventory Days111106111176173112137
Days Payable48305355423234
Cash Conversion Cycle177158148225226175199
Working Capital Days12310694157146120141
ROCE %32%19%18%22%26%23%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
Promoters78.60%78.60%78.60%78.60%78.60%78.57%
FIIs2.06%1.12%2.24%2.27%2.28%2.19%
DIIs5.83%16.92%16.69%17.13%17.06%17.07%
Public13.50%3.35%2.47%1.99%2.05%2.18%
No. of Shareholders1,34,83993,58774,09065,37664,98264,670

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Small Cap Fund - Regular Plan1,594,8911.08189.81,594,8912025-04-22 17:25:110%
DSP Small Cap Fund708,0950.5184.27708,0952025-04-22 17:25:110%
SBI Flexi Cap Fund543,0000.2864.62543,0002025-04-22 17:25:110%
SBI Infrastructure Fund450,0001.1253.55450,0002025-04-22 17:25:110%
HSBC Small Cap Fund - Regular Plan385,1250.2745.83385,1252025-04-22 17:25:110%
Aditya Birla Sun Life Flexi Cap Fund333,2860.1739.66333,2862025-04-22 17:25:110%
Edelweiss Recently Listed IPO Fund280,4093.4733.37280,4092025-04-22 17:25:110%
Axis Small Cap Fund275,2870.1432.76275,2872025-04-22 17:25:110%
Aditya Birla Sun Life Business Cycle Fund193,8251.2323.07193,8252025-04-22 17:25:110%
Aditya Birla Sun Life Manufacturing Equity Fund142,0351.4216.9142,0352025-04-22 17:25:110%

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22
FaceValue 2.002.002.00
Basic EPS (Rs.) 26.7823.3215.90
Diluted EPS (Rs.) 26.7523.3215.90
Cash EPS (Rs.) 32.6629.3720.11
Book Value[Excl.RevalReserv]/Share (Rs.) 171.17110.4388.00
Book Value[Incl.RevalReserv]/Share (Rs.) 171.17110.4388.00
Revenue From Operations / Share (Rs.) 144.18133.6996.09
PBDIT / Share (Rs.) 42.5638.7426.47
PBIT / Share (Rs.) 35.6832.6822.26
PBT / Share (Rs.) 34.4331.2921.46
Net Profit / Share (Rs.) 25.7923.3215.90
NP After MI And SOA / Share (Rs.) 25.7923.3215.90
PBDIT Margin (%) 29.5128.9727.55
PBIT Margin (%) 24.7524.4423.16
PBT Margin (%) 23.8823.4022.32
Net Profit Margin (%) 17.8817.4416.54
NP After MI And SOA Margin (%) 17.8817.4416.54
Return on Networth / Equity (%) 15.0621.1118.06
Return on Capital Employeed (%) 20.4427.3422.51
Return On Assets (%) 12.8815.7312.59
Long Term Debt / Equity (X) 0.000.050.09
Total Debt / Equity (X) 0.080.220.30
Asset Turnover Ratio (%) 0.840.970.00
Current Ratio (X) 3.071.911.74
Quick Ratio (X) 2.141.250.98
Inventory Turnover Ratio (X) 3.203.100.00
Interest Coverage Ratio (X) 34.0427.7933.10
Interest Coverage Ratio (Post Tax) (X) 21.6317.7320.87
Enterprise Value (Cr.) 8392.350.000.00
EV / Net Operating Revenue (X) 6.180.000.00
EV / EBITDA (X) 20.930.000.00
MarketCap / Net Operating Revenue (X) 6.160.000.00
Price / BV (X) 5.190.000.00
Price / Net Operating Revenue (X) 6.160.000.00
EarningsYield 0.020.000.00

After reviewing the key financial ratios for Happy Forgings Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
  • For Basic EPS (Rs.), as of Mar 24, the value is 26.78. This value is within the healthy range. It has increased from 23.32 (Mar 23) to 26.78, marking an increase of 3.46.
  • For Diluted EPS (Rs.), as of Mar 24, the value is 26.75. This value is within the healthy range. It has increased from 23.32 (Mar 23) to 26.75, marking an increase of 3.43.
  • For Cash EPS (Rs.), as of Mar 24, the value is 32.66. This value is within the healthy range. It has increased from 29.37 (Mar 23) to 32.66, marking an increase of 3.29.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 171.17. It has increased from 110.43 (Mar 23) to 171.17, marking an increase of 60.74.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 171.17. It has increased from 110.43 (Mar 23) to 171.17, marking an increase of 60.74.
  • For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 144.18. It has increased from 133.69 (Mar 23) to 144.18, marking an increase of 10.49.
  • For PBDIT / Share (Rs.), as of Mar 24, the value is 42.56. This value is within the healthy range. It has increased from 38.74 (Mar 23) to 42.56, marking an increase of 3.82.
  • For PBIT / Share (Rs.), as of Mar 24, the value is 35.68. This value is within the healthy range. It has increased from 32.68 (Mar 23) to 35.68, marking an increase of 3.00.
  • For PBT / Share (Rs.), as of Mar 24, the value is 34.43. This value is within the healthy range. It has increased from 31.29 (Mar 23) to 34.43, marking an increase of 3.14.
  • For Net Profit / Share (Rs.), as of Mar 24, the value is 25.79. This value is within the healthy range. It has increased from 23.32 (Mar 23) to 25.79, marking an increase of 2.47.
  • For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 25.79. This value is within the healthy range. It has increased from 23.32 (Mar 23) to 25.79, marking an increase of 2.47.
  • For PBDIT Margin (%), as of Mar 24, the value is 29.51. This value is within the healthy range. It has increased from 28.97 (Mar 23) to 29.51, marking an increase of 0.54.
  • For PBIT Margin (%), as of Mar 24, the value is 24.75. This value exceeds the healthy maximum of 20. It has increased from 24.44 (Mar 23) to 24.75, marking an increase of 0.31.
  • For PBT Margin (%), as of Mar 24, the value is 23.88. This value is within the healthy range. It has increased from 23.40 (Mar 23) to 23.88, marking an increase of 0.48.
  • For Net Profit Margin (%), as of Mar 24, the value is 17.88. This value exceeds the healthy maximum of 10. It has increased from 17.44 (Mar 23) to 17.88, marking an increase of 0.44.
  • For NP After MI And SOA Margin (%), as of Mar 24, the value is 17.88. This value is within the healthy range. It has increased from 17.44 (Mar 23) to 17.88, marking an increase of 0.44.
  • For Return on Networth / Equity (%), as of Mar 24, the value is 15.06. This value is within the healthy range. It has decreased from 21.11 (Mar 23) to 15.06, marking a decrease of 6.05.
  • For Return on Capital Employeed (%), as of Mar 24, the value is 20.44. This value is within the healthy range. It has decreased from 27.34 (Mar 23) to 20.44, marking a decrease of 6.90.
  • For Return On Assets (%), as of Mar 24, the value is 12.88. This value is within the healthy range. It has decreased from 15.73 (Mar 23) to 12.88, marking a decrease of 2.85.
  • For Long Term Debt / Equity (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 0.2. It has decreased from 0.05 (Mar 23) to 0.00, marking a decrease of 0.05.
  • For Total Debt / Equity (X), as of Mar 24, the value is 0.08. This value is within the healthy range. It has decreased from 0.22 (Mar 23) to 0.08, marking a decrease of 0.14.
  • For Asset Turnover Ratio (%), as of Mar 24, the value is 0.84. It has decreased from 0.97 (Mar 23) to 0.84, marking a decrease of 0.13.
  • For Current Ratio (X), as of Mar 24, the value is 3.07. This value exceeds the healthy maximum of 3. It has increased from 1.91 (Mar 23) to 3.07, marking an increase of 1.16.
  • For Quick Ratio (X), as of Mar 24, the value is 2.14. This value exceeds the healthy maximum of 2. It has increased from 1.25 (Mar 23) to 2.14, marking an increase of 0.89.
  • For Inventory Turnover Ratio (X), as of Mar 24, the value is 3.20. This value is below the healthy minimum of 4. It has increased from 3.10 (Mar 23) to 3.20, marking an increase of 0.10.
  • For Interest Coverage Ratio (X), as of Mar 24, the value is 34.04. This value is within the healthy range. It has increased from 27.79 (Mar 23) to 34.04, marking an increase of 6.25.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 21.63. This value is within the healthy range. It has increased from 17.73 (Mar 23) to 21.63, marking an increase of 3.90.
  • For Enterprise Value (Cr.), as of Mar 24, the value is 8,392.35. It has increased from 0.00 (Mar 23) to 8,392.35, marking an increase of 8,392.35.
  • For EV / Net Operating Revenue (X), as of Mar 24, the value is 6.18. This value exceeds the healthy maximum of 3. It has increased from 0.00 (Mar 23) to 6.18, marking an increase of 6.18.
  • For EV / EBITDA (X), as of Mar 24, the value is 20.93. This value exceeds the healthy maximum of 15. It has increased from 0.00 (Mar 23) to 20.93, marking an increase of 20.93.
  • For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 6.16. This value exceeds the healthy maximum of 3. It has increased from 0.00 (Mar 23) to 6.16, marking an increase of 6.16.
  • For Price / BV (X), as of Mar 24, the value is 5.19. This value exceeds the healthy maximum of 3. It has increased from 0.00 (Mar 23) to 5.19, marking an increase of 5.19.
  • For Price / Net Operating Revenue (X), as of Mar 24, the value is 6.16. This value exceeds the healthy maximum of 3. It has increased from 0.00 (Mar 23) to 6.16, marking an increase of 6.16.
  • For EarningsYield, as of Mar 24, the value is 0.02. This value is below the healthy minimum of 5. It has increased from 0.00 (Mar 23) to 0.02, marking an increase of 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Happy Forgings Ltd as of April 25, 2025 is: 782.51

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 25, 2025, Happy Forgings Ltd is Overvalued by 3.39% compared to the current share price 810.00

Intrinsic Value of Happy Forgings Ltd as of April 25, 2025 is: 385.94

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 25, 2025, Happy Forgings Ltd is Overvalued by 52.35% compared to the current share price 810.00

Last 5 Year EPS CAGR: -50.68%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 20.00%, which is a positive sign.
  2. The company has higher reserves (857.25 cr) compared to borrowings (182.75 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (413.25 cr) and profit (202.13 cr) over the years.
  1. The stock has a high average Working Capital Days of 126.71, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 186.86, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Happy Forgings Ltd:
    1. Net Profit Margin: 17.88%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 20.44% (Industry Average ROCE: 9.74%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 15.06% (Industry Average ROE: 11%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 21.63
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 2.14
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 28.6 (Industry average Stock P/E: 128.63)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.08
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Happy Forgings Ltd. is a Public Limited Listed company incorporated on 02/07/1979 and has its registered office in the State of Punjab, India. Company's Corporate Identification Number(CIN) is L28910PB1979PLC004008 and registration number is 004008. Currently Company is involved in the business activities of Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Company's Total Operating Revenue is Rs. 1358.24 Cr. and Equity Capital is Rs. 18.84 Cr. for the Year ended 31/03/2024.
INDUSTRYADDRESSCONTACT
ForgingsB-XXIX, 2254/1, Kanganwal Road, Ludhiana Punjab 141120complianceofficer@happyforgingsltd.co.in
http://www.happyforgingsltd.com
Management
NamePosition Held
Mr. Paritosh KumarChairman & Managing Director
Mr. Ashish GargManaging Director
Mr. Narinder Singh JunejaWholeTime Director & CEO
Ms. Megha GargWhole Time Director
Mr. Satish SekhriIndependent Director
Mr. Vikas GiyaIndependent Director
Mr. Atul Behari LallIndependent Director
Ms. Rajeswari KarthigeyanIndependent Director
Mr. Ravindra PisharodyIndependent Director

FAQ

What is the intrinsic value of Happy Forgings Ltd?

Happy Forgings Ltd's intrinsic value (as of 25 April 2025) is ₹782.51 — 3.39% lower the current market price of 810.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 7,598 Cr. market cap, FY2025-2026 high/low of ₹1,300/716, reserves of 1,692 Cr, and liabilities of 2,019 Cr.

What is the Market Cap of Happy Forgings Ltd?

The Market Cap of Happy Forgings Ltd is 7,598 Cr..

What is the current Stock Price of Happy Forgings Ltd as on 25 April 2025?

The current stock price of Happy Forgings Ltd as on 25 April 2025 is 810.

What is the High / Low of Happy Forgings Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Happy Forgings Ltd stocks is ₹1,300/716.

What is the Stock P/E of Happy Forgings Ltd?

The Stock P/E of Happy Forgings Ltd is 28.6.

What is the Book Value of Happy Forgings Ltd?

The Book Value of Happy Forgings Ltd is 182.

What is the Dividend Yield of Happy Forgings Ltd?

The Dividend Yield of Happy Forgings Ltd is 0.49 %.

What is the ROCE of Happy Forgings Ltd?

The ROCE of Happy Forgings Ltd is 22.7 %.

What is the ROE of Happy Forgings Ltd?

The ROE of Happy Forgings Ltd is 18.7 %.

What is the Face Value of Happy Forgings Ltd?

The Face Value of Happy Forgings Ltd is 2.00.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Happy Forgings Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE