ALFA Finder| Management target | Revenue 2-3 years |
|---|
| Revenue growth | 27% YoY and 6% QoQ growth in Q1FY27. |
|---|---|
| Margins | EBITDA margins sustained above 30% for four consecutive quarters. |
| Order book | Incremental order book of approx. ₹950 Crs over 2-3 years. |
| Demand visibility | Strong visibility from ₹950 Crs incremental order book. |
| Management confidence | High; optimistic about FY27 outlook and capacity utilization ramp-up. |
Growth
Q1FY27 Revenue grew 27% YoY; PAT increased 39.2% to ₹91 Crs. EBITDA margin reached record 31.3%.
Outlook
Incremental order book of ₹950 Crs over 2-3 years; ultra-heavy component facilities operational by FY28.
Risks
Dependence on automotive sector (Commercial Vehicles 33%); sensitivity to raw material price fluctuations despite current stability.
Last quarter's promises, checked
Delivered
- EBITDA margins sustained broadly in line with FY26 (30.4%) → delivered 31.3% (= BEAT)
- Revenue growth expected (late-teen volume guide) → delivered 27% YoY revenue growth (= BEAT)
- Machining contribution target (FY26: 89%) → delivered 90% (= BEAT)
Partly delivered
- Incremental order book target of ₹950 Crs → delivered approx. ₹950 Crs (on track for 2-3 year execution) (= PARTIAL)
Investor Presentation 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.