| Management target | Revenue FY27 |
|---|
| Revenue growth | 27% YoY revenue growth to 449 Cr, driven by volume and price. |
|---|---|
| Margins | EBITDA margin hit 31.3%, up 275 bps YoY via operational efficiency. |
| Order book | 950 Cr incremental revenue potential over 2-3 years, 60% exports. |
| Demand visibility | Strong domestic outlook in CV, PV, and industrial segments like energy. |
| Management confidence | High; confident in maintaining 30%+ margins and high-teen volume growth. |
Growth
Revenue grew 27% YoY to 449 Cr, with finished goods volumes increasing 23.1% and realizations per kg up 3.2%.
Outlook
Order book stands at 950 Cr incremental annual revenue potential over the next 2-3 years.
Risks
Export growth slowed due to geopolitical transit delays; high container freight costs remain a margin headwind.
Last quarter's promises, checked
Delivered
- Guided EBITDA margins broadly in line with FY26 (30.4%) → delivered 31.3% (= BEAT)
- Guided late-teen volume growth → delivered 23.1% volume growth (= BEAT)
- Guided 4,000-ton press commissioning in H1 FY27 → delivered commissioned (= BEAT)
Partly delivered
- Guided stable export market during the year → delivered slowdown due to transit delays (= PARTIAL)
Earnings Call Transcript 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.
More from Happy Forgings Ltd
All →Happy Forgings Employee Stock Options
Happy Forgings Ltd allotted 22,412 equity shares to employees under its ESOP scheme. Paid-up capital rises to 9,44,01,146 shares of Rs. 2 each.
Happy Forgings Other Announcement
Designated Person Narinder Singh sold 24 equity shares of Happy Forgings Ltd for a total value of ₹0.0006 Crore via market sale.
- Value
- ₹0.01 Cr
Happy Forgings Investor Presentation: Key Takeaways
Happy Forgings delivered record quarterly revenue of ₹449 Crs, achieving 27% YoY growth. Strategy focuses on high-value machining and capacity expansion into ultra-heavy components.
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
Happy Forgings reported record annual performance for FY26 with revenue of ₹1,546cr and EBITDA margins at 30.4%. The company is shifting focus toward high-value industrial and PV segments with specialized heavy engineering capabilities.
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.