Happy Forgings Limited — Investor Meet, 28-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Happy Forgings delivered a strong Q4 & FY26, achieving record profitability. FY26 revenue reached Rs. 1,546 Cr, with EBITDA margin at 30.4% and PAT margin at 19.5%. Q4 sales grew 20%, EBITDA 30%, and PAT 24%. The company secured a new order book of Rs. 950 Cr for execution over 2-3 years, including Rs. 250 Cr for heavy engineering (data centers). Management projects late-teen volume growth for FY27, maintaining FY26 EBITDA margins. Focus remains on diversification, higher-value products (new orders average Rs. 340-350/kg vs current Rs. 245/kg), and capacity expansion, including a solar plant. The outlook is optimistic despite global uncertainties.