Company Happy Forgings Limited

Equities

HAPPYFORGE

INE330T01021

Auto, Truck & Motorcycle Parts

Analysts' Consensus

Business Summary

Sales per Business

Sales per region

Share class

Shareholders

Company contact information

Sector

Sales per Business

Sales per region

EPS Revisions

Quarterly revenue - Rate of surprise

Sector Other Auto, Truck & Motorcycle Parts

Delayed NSE India S.E. Other stock markets 12:18:31 2024-07-18 am EDT			5-day change	1st Jan Change
1,233 ^INR	+0.26%		-0.04%	+19.93%

Jun. 24	Happy Forgings Limited(BSE:544057) added to S&P Global BMI Index	CI
May. 24	Happy Forgings Limited Reports Earnings Results for the Full Year Ended March 31, 2024	CI

Happy Forgings Limited is an India-based company, which is a manufacturer of heavy forged and high precision machined components. The Companyâs products include crankshafts, differential cases, front axle components, railway parts, suspension products, transmission parts, and windmill application products. Its windmill application products consist of three critical components: the planet carrier, pinion shaft, and housing. Its railway components range of parts, includes camshafts, connecting rods, piston pins, and spacers, are expertly crafted to deliver outstanding functionality and long-lasting resilience. The Company primarily caters to domestic and global original equipment manufacturers (OEMs) manufacturing commercial vehicles in the automotive sector. It also caters to manufacturers of farm equipment, off-highway vehicles and manufacturers of industrial equipment and machinery for oil and gas, power generation, railways, and wind turbine industries.

Number of employees: 3,017

INR in Million	2023	Weight	2024	Weight	Delta
Forging Goods 90.5 %	-	-	12,293	90.5 %	-
Manufacturing Scrap 7.5 %	874	7.3 %	1,016	7.5 %	+16.27%
Die Design and Preparation Charges 1.0 %	66	0.5 %	138	1.0 %	+110.50%
Government Grants 1.0 %	356	3.0 %	135	1.0 %	-62.04%

INR in Million	2023	Weight	2024	Weight	Delta
India 80.1 %	9,352	87.1 %	9,955	80.1 %	+6.45%
International 19.9 %	1,384	12.9 %	2,476	19.9 %	+78.96%

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	94,204,882	20,157,327 ( 21.40 %)	0	21.40 %

Name	Equities	%	Valuation
Garg Family 40.39 %	38,047,000	40.39 %	557 M ₹
Ashish Garg 14.01 %	13,200,400	14.01 %	193 M ₹
Ayush Capital & Financial Services Pvt Ltd. 11.41 %	10,745,100	11.41 %	157 M ₹
Paritosh Kumar Garg 10.23 %	9,635,155	10.23 %	141 M ₹
Business Excellence Trust III 8.802 %	8,291,525	8.802 %	121 M ₹
Megha Garg 2.569 %	2,419,900	2.569 %	35 M ₹
Kotak Mahindra Asset Management Co. Ltd. 2.357 %	2,220,580	2.357 %	32 M ₹
SBI Funds Management Ltd. 1.657 %	1,561,173	1.657 %	23 M ₹
Aditya Birla Sun Life Amc Ltd. (Investment Management) 0.9757 %	919,161	0.9757 %	13 M ₹
DSP Asset Managers Pvt. Ltd. 0.7517 %	708,095	0.7517 %	10 M ₹

Happy Forgings Ltd.

H.B 220, Post Office-Rajgarh Village Dugri

141421, Ludhiana

+91 16 1521 7162

http://happyforgingsltd.com

address Happy Forgings Limited(HAPPYFORGE)

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1,230 INR

Average target price

1,335 INR

Spread / Average Target

+8.55%

Consensus

Estimates Revisions

Company calendar

Consumer Cyclicals

Automobiles & Auto Parts

Automobiles & Auto Parts

Auto, Truck & Motorcycle Parts

Other Auto, Truck & Motorcycle Parts

	1st Jan change	Capi.
HAPPY FORGINGS LIMITED	+19.93%	1.39B
DENSO CORPORATION	+19.32%	47.01B
APTIV PLC	-19.29%	19.97B
FUYAO GLASS INDUSTRY GROUP CO., LTD.	+29.58%	17.08B
SAMVARDHANA MOTHERSON INTERNATIONAL LIMITED	+97.01%	16.3B
WEICHAI POWER CO., LTD.	-7.21%	15.9B
HYUNDAI MOBIS CO.,LTD	-3.38%	14.9B
MAGNA INTERNATIONAL INC.	-19.90%	13.15B
CONTINENTAL AG	-24.52%	12.73B
BOSCH LIMITED	+59.40%	12.39B

Other Auto, Truck & Motorcycle Parts