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

Annual profits - Rate of surprise

Sector Other Auto, Truck & Motorcycle Parts

Market Closed - NSE India S.E. Other stock markets 12:40:47 23/05/2024 BST			5-day change	1st Jan Change
1,101 ^INR	+3.77%		+12.86%	+6.96%

05-03	Happy Forgings Bags Order for E-Axle Components for Electric SUVs	MT
04-16	Happy Forgings Receives Order to Supply Brake Flanges for US Utility Vehicles Under A Multi-Year Contract	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: 3,070

INR in Million	2022	Weight	2023	Weight	Delta
Automotive Sector - Commercial Vehicles 38.9 %	3,356	39.0 %	4,657	38.9 %	+38.78%
Non Automotive Sector - Farm Equipment 32.8 %	3,180	37.0 %	3,925	32.8 %	+23.44%
Non Automotive Sector - Off Highway Vehicles 14.1 %	1,163	13.5 %	1,693	14.1 %	+45.57%
Manufacturing Scrap 7.3 %	644	7.5 %	874	7.3 %	+35.77%
Non Automotive Sector - Industrial 3.3 %	158	1.8 %	395	3.3 %	+150.60%
Government Grants 3.0 %	19	0.2 %	356	3.0 %	+1,728.04%
Dye Design and Preparation Charges 0.5 %	81	0.9 %	66	0.5 %	-18.75%
Job Work Charges 0.0 %	1	0.0 %	0	0.0 %	-90.48%

INR in Million	2022	Weight	2023	Weight	Delta
India 87.1 %	7,069	89.1 %	9,352	87.1 %	+32.29%
International 12.9 %	868	10.9 %	1,384	12.9 %	+59.36%

	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 %	429 M ₹
Ashish Garg 14.01 %	13,200,400	14.01 %	149 M ₹
Ayush Capital & Financial Services Pvt Ltd. 11.41 %	10,745,100	11.41 %	121 M ₹
Paritosh Kumar Garg 10.23 %	9,635,155	10.23 %	109 M ₹
Business Excellence Trust III 8.802 %	8,291,525	8.802 %	94 M ₹
Megha Garg 2.569 %	2,419,900	2.569 %	27 M ₹
Kotak Mahindra Asset Management Co. Ltd. 2.357 %	2,220,580	2.357 %	25 M ₹
SBI Funds Management Ltd. 1.419 %	1,337,145	1.419 %	15 M ₹
Aditya Birla Sun Life Amc Ltd. (Investment Management) 0.9848 %	927,735	0.9848 %	10 M ₹
DSP Asset Managers Pvt. Ltd. 0.7517 %	708,095	0.7517 %	8 M ₹

Happy Forgings Ltd.

H.B 220, Post Office-Rajgarh Village Dugri

141421, Ludhiana

+91 16 1251 0421

http://happyforgingsltd.com

address Happy Forgings Limited(HAPPYFORGE)

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1,101 INR

Average target price

1,108 INR

Spread / Average Target

+0.60%

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	+6.96%	1.2B
DENSO CORPORATION	+20.17%	47.67B
APTIV PLC	-10.53%	22.23B
WEICHAI POWER CO., LTD.	+15.03%	19.08B
FUYAO GLASS INDUSTRY GROUP CO., LTD.	+23.91%	16.45B
HYUNDAI MOBIS CO.,LTD	-4.01%	15.16B
CONTINENTAL AG	-20.80%	13.29B
MAGNA INTERNATIONAL INC.	-21.20%	13.26B
SUMITOMO ELECTRIC INDUSTRIES, LTD.	+31.86%	11.8B
BOSCH LIMITED	+39.00%	10.96B

Other Auto, Truck & Motorcycle Parts