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Happy Forgings Ltd

BUY SELL

Symbol : HAPPYFORGE | BSE Code : 544057 | Sector : CASTINGS & FORGINGS

954.45-14.70 (-1.52%)
06-May-2024 | 12:09
Loading

Market Cap (₹ Cr.)

9,129.87
Today’s High / Low
985.00
951.00
52 Week High / Low
1,087.40
813.20
OVERVIEW
  • Open
  • 984.00
  • Prev. Close
  • 969.15
  • High
  • 985.00
  • Low
  • 951.00
  • Market Cap (₹ Cr.)
  • 9,129.87
  • 52 Week High
  • 1,087.40
  • 52 Week Low
  • 813.20
  • Traded Volume (Lacs)
  • 30,863
  • Traded Value (Cr)
  • Dividend Yield
  • 0.13
  • Face Value
  • 2.00
  • EPS
  • 24.19
  • P/E
  • 40.07
  • Beta (1 year)
  • 1.02
LAST 5 DAYS

1 YEAR RETURN - UNDERPERFORMED THE SENSEX BY %

  • 06/05/2024 BSE
    13.10(1.37)
    Close Price: ₹ 969.25
    Volume: 11,610.00

    03-May-2024

  • 06/05/2024 BSE
    14.30(1.52)
    Close Price: ₹ 956.15
    Volume: 6,784.00

    02-May-2024

  • 06/05/2024 BSE
    -12.05(-1.26)
    Close Price: ₹ 941.85
    Volume: 1,251.00

    30-Apr-2024

  • 06/05/2024 BSE
    6.20(0.65)
    Close Price: ₹ 953.90
    Volume: 4,133.00

    29-Apr-2024

  • 06/05/2024 BSE
    16.30(1.75)
    Close Price: ₹ 947.70
    Volume: 13,314.00

    26-Apr-2024

1 YEAR RETURN - UNDERPERFORMED THE SENSEX BY %

  • Stock Absolute
  • 2.27
  • 4.13
  • NA
  • NA
  • NA
  • Returns
  • 1W
  • 1M
  • 1Y
  • 3Y
  • 5Y
  • Sensex Absolute
  • 0.20
  • 0.00
  • 20.73
  • 51.64
  • 89.61
NEWS

Happy Forgings bags supply order of components for Electric SUV

03-May-2024

This contract exemplifies HFL's commitment to innovation and customer satisfaction, showcasing the company's ability to cross-sell products to existing clients while maintaining the highest standards of quality and precision engineering.

The contract spans 7 years, extending until FY32, with supplies set to commence in Q3FY25 reaching a full volume ramp-up by Q4FY26. Peak annual sales (assuming fully ramped up volumes) can exceed around Rs 50 crore p.a. with a cumulative value estimated at approximately Rs 320-350 over the contract’s duration.

Ashish Garg, managing director, Happy Forgings, said, “We are pleased to announce a significant milestone in our partnership with a global OEM to supply components for their E Axle program designed for Electric SUVs. Being selected as a trusted supplier for Electric SUV components reaffirms our expertise and manufacturing prowess. We are proud of this opportunity and confident in our ability to execute this contract successfully.

As we move forward, we remain committed to upholding the highest standards of quality, reliability, and customer satisfaction. Our strategic focus on driving innovation and operational excellence remains unwavering. We believe that these initiatives will further solidify our position as a preferred supplier in the global marketplace. We are dedicated to continuously enhancing our offerings and strengthening our partnerships to drive mutual growth and success.”

Happy Forgings is principally engaged in the manufacturing of forgings and related components.

Happy Forgings reported 39.2% increase in standalone net profit to Rs 57.90 crore on 16.2% rise in revenue from operations to Rs 341.99 crore in Q3 FY24 over Q3 FY23.

The scrip rose 1.52% to end at Rs 956.15 on Thursday, 2 May 2024.

03
May

Happy Forgings bags supply order of components for Electric SUV



03
May

Happy Forgings wins multi-year export order for supply of axle components for e-SUVs



25
Apr

Happy Forgings Ltd - Happy Forgings Limited - Updates



FINANCIAL DATA
Balance PROFIT & LOSS QUARTERLY RESULTS (In CR.) SHAREHOLDING PATTERN

In Cr.

Mar 2023Mar 2022Mar 2021
SOURCES OF FUNDS :   
Share Capital 17.9017.908.95
Reserves Total 970.40769.71636.21
Equity Share Warrants0.000.000.00
Equity Application Money0.000.000.00
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Mar 2023Mar 2022Mar 2021
INCOME :   
Sales Turnover 1,196.53860.05584.96
Excise Duty0.000.000.00
Net Sales1,196.53860.05584.96
Other Income 5.756.065.86
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ParticularsDec 2023Sep 2023Jun 2023
Gross Sales 341.99343.08329.82
Excise Duty 000
Net Sales 341.99343.08329.82
Other Operating Income 000
Other Income  3.320.682.16
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Category No. Of Shares Percentage (%)
Total Foreign 1082008 1.15
Total Institutions 15948871 16.93
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 107715 0.11
Total Promoters 74047555 78.60
Total Public & others 3,018,733.00 3.21
Total 100.00 100.00
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CORPORATE ACTIONS
BONUS SPLIT DIVIDEND RIGHTS BOOK CLOSURE
Record Date Ex-Bonus Date Ratio
nodata
No Data Available!!!
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Record Date Split Date Face Value Before Face Value After
nodata
No Data Available!!!
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ANNOUNCEMENT DATE EX DIVIDEND DATE DIVIDEND (%) DIVIDEND TYPE
nodata
No Data Available!!!
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PREMIUM (₹) RATIO RECORD DATE EX RIGHTS DATE
nodata
No Data Available!!!
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FROM DATE EX TO DATE AGENDA
09-02-2024 NA Happy Forgings Ltdhas informed...
27-12-2023 NA Sub: Listing of Equity Shares ...
27-12-2023 NA Trading Members of the Exchang...
NA NA Trading Members of the Exchang...
NA NA Sub: Listing of Equity Shares ...
COMPANY INFO

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. Thereafter, Company was converted from a private limited company to a public limited company, and the name of Company was changed to Happy Forgings Limited', and a fresh certificate of incorporation dated April 1, 1998, issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh.

Happy Forgings are an engineering led manufacturer of complex and safety critical, heavy forged and high precision machined components in India. The Company manufacture a wide range of forged and machined products such as crankshafts, front axle beams, steering knuckles, differential cases, transmission parts, planetary carriers, suspension brackets and valve bodies across industries for a diversified base of customers. It mainly cater to domestic and global OEMs manufacturing commercial vehicles in the automotive sector and manufacturers of farm equipment, off-highway vehicles and manufacturers of industrial equipment and machinery for oil and gas, power generation, railways and wind turbine industries into the non-automotive sector.

The Company has emerged as a leading player in the domestic crankshaft manufacturing industry with the second largest production capacity for commercial vehicle and high horse-power industrial crankshafts in India. In 1995, the Company purchased heavy duty hammers for manufacturing of oil engine parts and motor parts. In 2006, it commissioned operations at Kanganwal Facility II unit, in 2008, commissioned first 8,000 ton forging press; commenced manufacturing front steering parts by procuring axle arms in 2009 and installed model grinding technology used to manufacture four cylinder and six cylinder crankshafts. In 2011, it ventured into commercial vehicles, farm equipment

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