Share Price and Basic Stock Data
Last Updated: December 4, 2024, 8:24 pm
PEG Ratio | -0.79 |
---|
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 | 10,463 Cr. | 1,106 | 1,300/813 | 40.4 | 182 | 0.36 % | 22.7 % | 18.7 % | 2.00 |
EL Forge Ltd | 69.8 Cr. | 34.4 | 35.2/9.15 | 28.3 | 11.6 | 0.00 % | % | % | 10.0 |
CIE Automotive India Ltd | 18,361 Cr. | 484 | 628/401 | 22.4 | 163 | 1.03 % | 18.3 % | 20.3 % | 10.0 |
Amforge Industries Ltd | 16.2 Cr. | 11.3 | 17.2/6.95 | 8.93 | 0.00 % | 3.55 % | 3.17 % | 2.00 | |
Tirupati Forge Ltd | 517 Cr. | 49.8 | 55.4/12.4 | 56.1 | 5.32 | 0.00 % | 18.3 % | 15.0 % | 2.00 |
Industry Average | 14,263.50 Cr | 435.45 | 159.19 | 143.70 | 0.29% | 12.37% | 15.20% | 5.92 |
Quarterly Result
Month | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
---|---|---|---|---|---|---|---|
Sales | 294 | 302 | 330 | 343 | 342 | 343 | 341 |
Expenses | 221 | 217 | 230 | 249 | 247 | 246 | 244 |
Operating Profit | 73 | 86 | 100 | 94 | 95 | 97 | 98 |
OPM % | 25% | 28% | 30% | 27% | 28% | 28% | 29% |
Other Income | 2 | 2 | 3 | 1 | 3 | 7 | 8 |
Interest | 3 | 5 | 3 | 4 | 4 | 1 | 1 |
Depreciation | 16 | 14 | 15 | 16 | 17 | 16 | 18 |
Profit before tax | 56 | 68 | 85 | 74 | 78 | 87 | 86 |
Tax % | 26% | 25% | 25% | 25% | 25% | 25% | 26% |
Net Profit | 42 | 51 | 64 | 55 | 58 | 66 | 64 |
EPS in Rs | 4.65 | 5.67 | 7.16 | 6.17 | 6.15 | 6.98 | 6.78 |
Last Updated: Unknown
Profit & Loss - Annual Report
Last Updated: Unknown
Month | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
---|---|---|---|---|---|---|---|---|
Sales | 550 | 750 | 558 | 585 | 860 | 1,197 | 1,358 | 1,370 |
Expenses | 413 | 545 | 416 | 426 | 629 | 856 | 971 | 986 |
Operating Profit | 137 | 205 | 142 | 159 | 231 | 341 | 388 | 384 |
OPM % | 25% | 27% | 26% | 27% | 27% | 28% | 29% | 28% |
Other Income | 4 | 1 | 7 | 6 | 6 | 6 | 13 | 19 |
Interest | 22 | 23 | 25 | 12 | 7 | 12 | 12 | 10 |
Depreciation | 23 | 29 | 28 | 36 | 38 | 54 | 65 | 67 |
Profit before tax | 96 | 155 | 96 | 117 | 192 | 280 | 324 | 325 |
Tax % | 39% | 38% | 17% | 26% | 26% | 25% | 25% | |
Net Profit | 58 | 95 | 80 | 86 | 142 | 209 | 243 | 243 |
EPS in Rs | 738.38 | 1,066.26 | 893.18 | 965.92 | 15.90 | 23.32 | 25.79 | 26.08 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 6% | 5% |
YoY Net Profit Growth
Year | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 |
---|---|---|---|---|---|---|
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: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 21% |
3 Years: | 41% |
TTM: | 22% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
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
Month | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
---|---|---|---|---|---|---|---|---|
Equity Capital | 8 | 9 | 9 | 9 | 18 | 18 | 19 | 19 |
Reserves | 176 | 470 | 550 | 636 | 770 | 970 | 1,594 | 1,692 |
Borrowings | 301 | 156 | 105 | 150 | 240 | 219 | 143 | 148 |
Other Liabilities | 92 | 85 | 100 | 79 | 102 | 119 | 130 | 160 |
Total Liabilities | 576 | 719 | 763 | 874 | 1,130 | 1,326 | 1,886 | 2,019 |
Fixed Assets | 285 | 291 | 275 | 415 | 456 | 678 | 744 | 894 |
CWIP | 9 | 46 | 109 | 40 | 212 | 75 | 127 | 69 |
Investments | 0 | 30 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Assets | 282 | 352 | 378 | 419 | 461 | 573 | 1,015 | 1,057 |
Total Assets | 576 | 719 | 763 | 874 | 1,130 | 1,326 | 1,886 | 2,019 |
Cash Flow
Month | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|
Free Cash Flow
Month | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|
Free Cash Flow | -164.00 | 49.00 | 37.00 | 9.00 | -9.00 | 122.00 | 245.00 |
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.
Financial Efficiency Indicators
Month | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|
Debtor Days | 114 | 82 | 90 | 103 | 94 | 94 | 96 |
Inventory Days | 111 | 106 | 111 | 176 | 173 | 112 | 137 |
Days Payable | 48 | 30 | 53 | 55 | 42 | 32 | 34 |
Cash Conversion Cycle | 177 | 158 | 148 | 225 | 226 | 175 | 199 |
Working Capital Days | 123 | 106 | 94 | 157 | 146 | 120 | 141 |
ROCE % | 32% | 19% | 18% | 22% | 26% | 23% |
Mutual Fund Holdings
Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
---|---|---|---|---|---|---|
Kotak Small Cap Fund - Regular Plan | 1,594,891 | 1.08 | 189.8 | 280,409 | 2024-12-01 | 468.77% |
DSP Small Cap Fund | 708,095 | 0.51 | 84.27 | 280,409 | 2024-12-01 | 152.52% |
SBI Flexi Cap Fund | 543,000 | 0.28 | 64.62 | 280,409 | 2024-12-01 | 93.65% |
SBI Infrastructure Fund | 450,000 | 1.12 | 53.55 | 280,409 | 2024-12-01 | 60.48% |
HSBC Small Cap Fund - Regular Plan | 385,125 | 0.27 | 45.83 | 280,409 | 2024-12-01 | 37.34% |
Aditya Birla Sun Life Flexi Cap Fund | 333,286 | 0.17 | 39.66 | 280,409 | 2024-12-01 | 18.86% |
Edelweiss Recently Listed IPO Fund | 280,409 | 3.47 | 33.37 | 280,409 | 2024-12-01 | 0% |
Axis Small Cap Fund | 275,287 | 0.14 | 32.76 | 280,409 | 2024-12-01 | -1.83% |
Aditya Birla Sun Life Business Cycle Fund | 193,825 | 1.23 | 23.07 | 280,409 | 2024-12-01 | -30.88% |
Aditya Birla Sun Life Manufacturing Equity Fund | 142,035 | 1.42 | 16.9 | 280,409 | 2024-12-01 | -49.35% |
Key Financial Ratios
Month | Mar 24 | Mar 23 | Mar 22 |
---|---|---|---|
FaceValue | 2.00 | 2.00 | 2.00 |
Basic EPS (Rs.) | 26.78 | 23.32 | 15.90 |
Diluted EPS (Rs.) | 26.75 | 23.32 | 15.90 |
Cash EPS (Rs.) | 32.66 | 29.37 | 20.11 |
Book Value[Excl.RevalReserv]/Share (Rs.) | 171.17 | 110.43 | 88.00 |
Book Value[Incl.RevalReserv]/Share (Rs.) | 171.17 | 110.43 | 88.00 |
Revenue From Operations / Share (Rs.) | 144.18 | 133.69 | 96.09 |
PBDIT / Share (Rs.) | 42.56 | 38.74 | 26.47 |
PBIT / Share (Rs.) | 35.68 | 32.68 | 22.26 |
PBT / Share (Rs.) | 34.43 | 31.29 | 21.46 |
Net Profit / Share (Rs.) | 25.79 | 23.32 | 15.90 |
NP After MI And SOA / Share (Rs.) | 25.79 | 23.32 | 15.90 |
PBDIT Margin (%) | 29.51 | 28.97 | 27.55 |
PBIT Margin (%) | 24.75 | 24.44 | 23.16 |
PBT Margin (%) | 23.88 | 23.40 | 22.32 |
Net Profit Margin (%) | 17.88 | 17.44 | 16.54 |
NP After MI And SOA Margin (%) | 17.88 | 17.44 | 16.54 |
Return on Networth / Equity (%) | 15.06 | 21.11 | 18.06 |
Return on Capital Employeed (%) | 20.44 | 27.34 | 22.51 |
Return On Assets (%) | 12.88 | 15.73 | 12.59 |
Long Term Debt / Equity (X) | 0.00 | 0.05 | 0.09 |
Total Debt / Equity (X) | 0.08 | 0.22 | 0.30 |
Asset Turnover Ratio (%) | 0.84 | 0.97 | 0.00 |
Current Ratio (X) | 3.07 | 1.91 | 1.74 |
Quick Ratio (X) | 2.14 | 1.25 | 0.98 |
Inventory Turnover Ratio (X) | 3.20 | 3.10 | 0.00 |
Interest Coverage Ratio (X) | 34.04 | 27.79 | 33.10 |
Interest Coverage Ratio (Post Tax) (X) | 21.63 | 17.73 | 20.87 |
Enterprise Value (Cr.) | 8392.35 | 0.00 | 0.00 |
EV / Net Operating Revenue (X) | 6.18 | 0.00 | 0.00 |
EV / EBITDA (X) | 20.93 | 0.00 | 0.00 |
MarketCap / Net Operating Revenue (X) | 6.16 | 0.00 | 0.00 |
Price / BV (X) | 5.19 | 0.00 | 0.00 |
Price / Net Operating Revenue (X) | 6.16 | 0.00 | 0.00 |
EarningsYield | 0.02 | 0.00 | 0.00 |
Strength and Weakness
Strength | Weakness |
---|---|
|
|
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:
- 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.
- ROCE: 20.44% (Industry Average ROCE: 10.31%)
- 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.
- ROE%: 15.06% (Industry Average ROE: 12.67%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- 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.
- 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.
- Stock P/E: 40.4 (Industry average Stock P/E: 119.39)
- 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.
- 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.
Stock Rating: - Net Profit Margin: 17.88%
About the Company - Qualitative Analysis
INDUSTRY | ADDRESS | CONTACT |
---|---|---|
B-XXIX, 2254/1, Kanganwal Road, Ludhiana Punjab 141120 | Mr. | Paritosh%20Kumar Chairman%20&%20Managing%20Director |
Management | |
---|---|
Name | Position Held |
Mr. Ashish Garg | Managing Director |
Mr. Narinder Singh Juneja | WholeTime Director & CEO |
Ms. Megha Garg | Whole Time Director |
Mr. Satish Sekhri | Independent Director |
Mr. Vikas Giya | Independent Director |
Mr. Atul Behari Lall | Independent Director |
Ms. Rajeswari Karthigeyan | Independent Director |
Mr. Ravindra Pisharody | Independent Director |
FAQ
What is the latest intrinsic value of Happy Forgings Ltd?
The latest intrinsic value of Happy Forgings Ltd as on 05 December 2024 is ₹1379.92, which is 24.77% higher than the current market price of ₹1,106.00. The stock has a market capitalization of 10,463 Cr. and recorded a high/low of ₹1,300/813 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,692 Cr and total liabilities of ₹2,019 Cr.
What is the Market Cap of Happy Forgings Ltd?
The Market Cap of Happy Forgings Ltd is 10,463 Cr..
What is the current Stock Price of Happy Forgings Ltd as on 05 December 2024?
The current stock price of Happy Forgings Ltd as on 05 December 2024 is 1,106.
What is the High / Low of Happy Forgings Ltd stocks in FY 2024-2025?
In FY 2024-2025, the High / Low of Happy Forgings Ltd stocks is 1,300/813.
What is the Stock P/E of Happy Forgings Ltd?
The Stock P/E of Happy Forgings Ltd is 40.4.
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 0.36 %.
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.