ALFA Finder| Revenue growth | FY26 revenue up 9.8% YoY; Q4 revenue up 20.4%. |
|---|---|
| Margins | EBITDA margins reached 30.4% in FY26, supported by value-added products. |
| Order book | Order book stands at ₹950cr to be executed over 3 years. |
| Demand visibility | Strong domestic CV/Infrastructure outlook; export recovery expected by late 2026. |
| Management confidence | Highly optimistic on structural shifts toward high-value industrial and PV segments. |
Growth
Revenue grew 9.8% in FY26; EBITDA margins expanded 160bps to 30.4% due to machining mix increasing to 89%.
Outlook
Guided high teens volume growth for FY27 with stable EBITDA margins; ₹950cr order book for next 3 years.
Risks
Global CV and farm market weakness (9-10% decline) and rising raw material costs remain key stressors.
Earnings Call filed with BSE, NSE: HAPPYFORGE. Summary written with AI assistance from the document.
Happy Forgings Ltd: key numbers
- Share price
- ₹1,841.90
- Market cap
- ₹17,388 Cr
- Revenue (annual)
- ₹1,546 Cr
- Net profit (annual)
- ₹301.6 Cr
- P/E (TTM)
- 49.5×Sector 51.9×
- Promoter holding
- 78.44%-0.02% QoQ
- FII holding
- 2.37%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Happy Forgings Ltd
All →Happy Forgings Earnings Call Transcript: Key Takeaways
Q2 revenue ~₹502 Cr (+32.7%) and PAT ₹98 Cr (+32.8%), volume-led. H1 operating cash flow only ₹124 Cr. Margin guidance is qualitative, implying FY26-level margins.
Happy Forgings Capacity Expansion: ₹500 Cr Investment
Happy Forgings plans to add about 24,000 MT forging and 14,000 MT machining capacity by FY29. The ₹500 Crore investment is funded through internal accruals and debt.
- Value
- ₹500.0 Cr
- Execution
- FY28 and FY29, phased
- forging capacity
- 24000.0 MTPA
Happy Forgings Results Update
Happy Forgings reported Q2 FY27 revenue of ₹501 Crore, up 33% YoY, with PAT of ₹98 Crore. It also approved about ₹500 Crore of additional capex.
Happy Forgings Investor Presentation: Key Takeaways
Q2FY27 revenue ₹501 Cr (+32.7%), PAT ₹98 Cr (+32.8%), EBITDA margin 30.6%. H1FY27 revenue ₹950 Cr (+29.9%), with volume-led growth and improved realisation.
Happy Forgings Q2 FY27 Results: Net Profit ₹97.5 Cr, Up 32.8% YoY
Happy Forgings Ltd reported revenue from operations of ₹500.7 Cr (+32.7% YoY) and net profit of ₹97.5 Cr (+32.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹97.5 Cr · +32.8% YoY
Happy Forgings Board Meeting Date
Happy Forgings Ltd intimated a board meeting on November 5, 2026 to consider unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026. Trading window remains closed until 48 hours after results upload.