Happy Forgings Limited has informed the Exchange about Transcript
HAPPYFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Happy Forgings delivered its highest ever annual profitability in FY26 with revenue of Rs.1,546 crores (up 9.8% YoY), EBITDA of Rs.471 crores with 30.4% margins (improved by ~157 bps), and PAT of Rs.302 crores with 19.5% margins. Q4 saw even stronger performance with 20% revenue growth and 31.5% EBITDA margins. The company secured a new order book of Rs.950 crores to be executed over 2.5-3 years, with these new orders carrying higher realizations of Rs.340-350/kg versus current average of Rs.245/kg. Management guided for late-teen volume growth in FY27 while maintaining margins broadly in line with FY26 levels. Key growth drivers include market share gains in CV (targeting 42% from 32%), expansion in passenger vehicles and industrial segments, and entry into data center and heavy engine businesses with components up to 2 tons. Capex of Rs.460 crores was deployed in FY26, with planned capex of Rs.800 crores over next 2 years.
The company demonstrates strong execution with margin expansion driven by higher value-added products and improved product mix. The Rs.950 crore order pipeline with superior realizations positions the company for sustained growth, though raw material inflation and export market volatility remain near-term headwinds to monitor.