| 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
- ₹2,063.50
- Market cap
- ₹19,480 Cr
- Revenue (annual)
- ₹1,546 Cr
- Net profit (annual)
- ₹301.6 Cr
- P/E (TTM)
- 59.5×Sector 53.6×
- Promoter holding
- 78.46%-0.02% QoQ
- FII holding
- 1.88%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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- Value
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Happy Forgings Earnings Call Transcript: Key Takeaways
Happy Forgings delivered its best-ever quarterly revenue and profitability in Q1 FY27, driven by strong domestic demand across segments and successful price renegotiations with OEMs.
Happy Forgings Q1 FY27 Results: Net Profit ₹91.5 Cr, Up 39.3% YoY
Happy Forgings Ltd reported revenue from operations of ₹449.4 Cr (+27.0% YoY) and net profit of ₹91.5 Cr (+39.3% YoY) for Q1 FY27.
- Key figure
- Net profit ₹91.5 Cr · +39.3% YoY
Happy Forgings Earnings Call: Key Takeaways
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Happy Forgings Earnings Call: Key Takeaways
Happy Forgings delivered record quarterly and annual profits in FY26, driven by higher machining mix and operational efficiencies despite export headwinds in CV and farm segments.