Happy Forgings Limited
Incorporated in July 1979, Happy Forgings Limited is an Indian manufacturer specializing in designing and manufacturing heavy forgings and high-precision machined components.
What Happy files
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- Investor Meet37
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- Board Meeting15
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Happy Forgings posted record Q1FY27 results: Revenue up 27% to ₹449 Cr, PAT jumped 39% to ₹91 Cr, with PAT margin exceeding 20% for the first time. Diversification and strong demand drive an incremental ₹950 Cr order book over 2-3 years.
Happy Forgings Limited has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. This confirms the company's full adherence to secretarial compliance standards.
Happy Forgings posts strong Q4 & FY26 results: Q4 revenue up 20.4% to ₹424 Cr, PAT up 23.6% to ₹84 Cr. FY26 revenue hit ₹1,546 Cr, PAT ₹302 Cr. Growth is backed by robust volume and margin expansion, driven by the strategic shift to high-precision machined components.
Happy Forgings delivered record Q3 sales, EBITDA (Rs. 120 Cr), & PAT (Rs. 79 Cr, +22.3% YoY) driven by robust domestic demand. Capacity expansion, including a 10,000-ton press commissioning, progresses. Company has visibility for ~Rs. 800 Cr in incremental business and holds over Rs. 400 Cr cash.
Happy Forgings reported Q2FY26 revenue up 4.5% to 377 Cr, achieving highest-ever quarterly gross margin (~60%) and EBITDA margin (~31%). Adjusted PAT rose 10.2%. Strong domestic demand drove volume growth, while exports remained muted. A ₹650 Cr capex program progresses.