₹2240.0
-2.41% today
· 30d +19.91%
as of 2026-09-04
Price · Daily Candles
“Happy Forgings: Quarterly Profit Jump Boosts Performance, But FIIs Trim Holdings”
Happy Forgings registered a strong Q4 2026, with net profit surging 23.56% YoY to ₹84 Cr, driving annual net profit to ₹302 Cr. However, the company faces challenges with negative free cash flow (-₹10 Cr) and FIIs reducing their stake by 0.11% QoQ.
BULL CASE
+Q4 2026 revenue increased 20.42% YoY to ₹424 Cr, while net profit grew 23.56% YoY to ₹84 Cr.
+The annual net profit for 2026 reached ₹302 Cr, up 12.79% YoY from 2025.
+The 5-year CAGR for net profit stands at a robust 28.39%, indicating sustained growth.
+Operating profit for Q4 2026 rose 24.12% YoY to ₹139 Cr, with OPM improving by 1.4%.
BEAR CASE
−Free cash flow is currently negative at -₹10 Cr, leading to a negative FCF yield of -0.07%.
−FIIs decreased their shareholding by 0.11% QoQ, holding 1.73% as of March 2026.
−DIIs also reduced their stake by 0.25% QoQ, holding 16.48% in the latest quarter.
−The company's PE ratio of 43.35 is on the higher side compared to some peers like Gravita (38.75).
⟳ What Changed
₹ Latest Earnings · Q ending 2026-06-30
REVENUE
₹449 Cr
+27.03% YoY
NET PROFIT
₹91 Cr
+39.24% YoY
OPM
32.99%
+2.37pp YoY
EPS
₹9.7
PE 43.35
Intrinsic value · DCF: N/A — Company is currently free-cash-flow negative (-0.0% of mktcap). DCF assumes a going concern generating positive cash flow; a meaningful intrinsic value can only be computed once FCF turns positive. Use the Strategy Fit and ML sections instead.
◇ Sector Position
Happy Forgings' PE of 43.35 is higher than Gravita (38.75) but its ROCE of 19.0% is comparable to Gravita's 19.23%, positioning it among the more profitable players in the metal fabrication sector.
PEERPEROCE %
HAPPYFORGE43.3519.0
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ML Forward Growth Predictions 🔒
68
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
STRONG
100
Valuation
FAIR
40
Growth
STEADY
63
Profitability
HIGH
85
Technicals
STRONG
70
Risk
MODERATE
50
Key Stats
TTM PE
43.35
P/B
6.66
52W HIGH
₹2470.0
OFF HIGH
-9.31%
DIV YIELD
0.29%
MKT CAP
₹21049 Cr
◉ Active Signals
MACDNeutral-14.1779
RSI(14)Neutral59.61
Street Consensus
7 analysts₹1412.43
mean target
Low ₹1028.0Now ₹2240.0High ₹1652.0
⧉ Strategy Fit 🔒