Happy Forgings Limited has informed the Exchange about Investor Presentation
HAPPYFORGE · price
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Happy Forgings Limited reported strong Q4 FY26 results with revenue of ₹424 Crs (+20.4% YoY), EBITDA of ₹133 Crs (+30.4% YoY), and PAT of ₹84 Crs (+23.6% YoY). For the full year FY26, revenue stood at ₹1,546 Crs (+9.8% YoY), EBITDA margin expanded by 157 bps to 30.4%, and PAT margin improved to 19.5%. Finished goods volume grew 20.6% YoY in Q4 to 17,298 MT. The company generated operating cash flow of ₹445 Crs with cash conversion at 94% of EBITDA, and holds liquidity of ~₹430 Crs. The MD noted geopolitical pressures on raw material costs but expects manageable overall margin impact with existing pass-through arrangements and ongoing customer discussions for cost recovery. Heavy forging capacity expansion remains on schedule for commissioning in FY27. The company transformed from a conventional forging company to a high-precision engineering player since FY21, delivering 21% revenue CAGR and 28% net profit CAGR.
The company delivered its highest-ever annual profitability with robust margin expansion and cash generation. Margin improvements and strong order pipeline suggest continued positive momentum, though rising raw material costs warrant monitoring. The fortress balance sheet (Net Debt/EBITDA of -0.19x, AA stable rating) provides flexibility for future growth and capacity ramp-up.