ALFA Finder| 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
- ₹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.