HAPPYFORGEHappy Forgings

₹1013.2-0.17%

Market Cap

₹9,564.34 Cr

Stock P/E

35.52

ROCE

19.15%

ROE

15.52%

Book Value

₹202.04

Financials

YoY Net Sales

EPS Growth

Operating Margin

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Shareholding

Holdings

Distribution

Promoter

Foreign Investors

Domestic Investors

Public

From Last Concall

POSITIVES

•
Q1 FY26 revenue grew 3.6% YoY to Rs 354 crores with margins near peak levels.
•
Gross margin and EBITDA margin are robust, at 57.9% and 28.6% respectively, suggesting strong profitability in a challenging environment.

NEGATIVES

•
Tariff and export-market uncertainties pose a risk to external demand, including potential indirect effects in Europe.
•
European and US CV markets remain weak, with expected declines in CV volumes weighing on near-term growth.

Peers Summary

Sector Leader

Happy Forgings Ltd. demonstrates robust profitability with solid revenue growth metrics and a favorable debt profile. While it faces some competition, it stands out in profitability and efficiency within its sector, offering a compelling investment opportunity amid a mixed landscape of peers.

Key Points

• Happy Forgings Ltd. shows the highest ROE and ROCE among peers, indicating strong profitability and efficiency.
• MM Forgings Ltd. is the best value pick due to its low PE and high profitability metrics.
• LGB Forge Ltd. is financially weak with a negative PE ratio and no profitability metrics.

Top Performers

Happy Forgings Ltd.

Highest ROE (18.73%) and ROCE (22.70%), strong profitability.

MM Forgings Ltd.

Best value pick with a low PE of 10.99 and strong profit margins.

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