Latest news about Happy Forgings
Happy Forgings
1,450.00
+69.80(+5.06%)
Company Performance:
View Company Insights1D+5.06%
1M+10.69%
6M+39.26%
1Y+75.85%
5Y+40.67%
More news about Happy Forgings
06Apr 26
Happy Forgings Limited Submits SEBI Compliance Certificate for Q4FY26
Happy Forgings Limited submitted its Certificate under Regulation 74(5) of SEBI (Depositories & Participants) Regulations, 2018 for Q4FY26 ended March 31, 2026. The certificate, provided by registrar MUFG Intime India Private Limited, confirms no dematerialization or rematerialization requests were received during the quarter. This routine compliance submission was made to BSE and NSE on April 6, 2026, demonstrating the company's adherence to regulatory requirements for listed entities.
24Mar 26
Happy Forgings Limited Reports Insider Trading Code Violation by Chief Financial Officer
Happy Forgings Limited reported a SEBI insider trading regulation violation by CFO Mr. Pankaj Kumar Goyal involving contra trades worth ₹1.05 crore executed on March 17, 2026. The violation included selling 5,982 shares for ₹75.66 lakh on NSE and buy-sell transactions of 2,162 shares across exchanges within six months. The Audit Committee issued only a warning letter without penalty, citing the inadvertent nature, no profit earned, and first-time occurrence of the violation.
13Mar 26
Happy Forgings Limited Allots 22,540 Equity Shares Under ESOP, Increases Paid-Up Share Capital
Happy Forgings Limited allotted 22,540 equity shares to employees under ESOP on March 13, 2026, increasing paid-up share capital from Rs. 18,86,55,842 to Rs. 18,87,00,922. The total equity shares increased from 9,43,27,921 to 9,43,50,461 shares of Rs. 2/- each. The company properly notified BSE and NSE about this allotment, demonstrating continued employee participation in ownership and regulatory compliance.
13Feb 26
India Business Excellence Fund III Disposes 39.10 Lakh Shares in Happy Forgings Limited
India Business Excellence Fund III completely exited its 4.15% stake in Happy Forgings Limited by disposing of 39,10,097 equity shares between June 17, 2025 and February 12, 2026. The disposal was executed through open market transactions, with the final tranche of 26,86,704 shares sold on February 12, 2026, triggering the SEBI disclosure requirement. The fund's shareholding reduced to zero following these transactions.
09Feb 26
Happy Forgings Limited Files Q3FY26 Monitoring Agency Report with No Deviations from IPO Objects
Happy Forgings Limited submitted its Q3FY26 monitoring agency report showing no deviation from IPO objects, with ₹301.354 crore utilized out of ₹377.823 crore net proceeds. Equipment purchases remain in progress with ₹76.469 crore pending deployment, while borrowing prepayments and general corporate purposes are completed. Unutilized funds of ₹76.502 crore are invested in fixed deposits earning 8.20% returns.
09Feb 26
Happy Forgings Limited Reports Strong Q3FY26 Results with Revenue Growth and Strategic Land Acquisition
Happy Forgings Limited reported strong Q3FY26 results with revenue from operations of ₹39,130.70 lacs, representing 10.44% year-over-year growth, and net profit of ₹7,894.68 lacs, up 22.37% from the previous year. The company's nine-month performance showed revenue of ₹1,12,249.59 lacs and net profit of ₹21,807.53 lacs. The Board also approved a strategic land acquisition of approximately 10.5 acres in Ludhiana, Punjab for ₹32 crores to support future expansion plans.
13Jan 26
Happy Forgings Limited Secures Long-Term Land Lease for Solar Power Plant Development
Happy Forgings Limited has executed a long-term lease agreement for approximately 80 acres in Muktsar, Punjab, to establish a solar power plant. The 29-year and 11-month lease with multiple landowners represents an arm's length transaction with no related party involvement, advancing the company's renewable energy initiative first announced in June 2024.
02Dec 25
Happy Forgings Boosts Employee Ownership with New Stock Option Allotment
Happy Forgings Limited has allotted 23,651 equity shares to employees through its Employee Stock Options Scheme (ESOP). The company's paid-up share capital increased from 18,86,08,540 to 18,86,55,842, while total equity shares rose from 9,43,04,270 to 9,43,27,921. The face value per share remains unchanged at 2.00. This move aims to enhance employee engagement and ownership, aligning employee interests with shareholders.
13Nov 25
Happy Forgings Reports Strong Q2 Performance with 60% Gross Margin Despite Export Challenges
Happy Forgings Limited (HFL) reported robust Q2 financial results with revenue of INR 377.00 crores, up 4.5% year-on-year. The company achieved its highest quarterly gross margin of about 60% and an EBITDA margin of approximately 31%. Profit After Tax grew 10% YoY on an adjusted basis to INR 73.00 crores. Domestic market drove growth across various sectors, while exports faced challenges due to global market weakness. HFL secured INR 80.00 crores of new businesses in H1 FY26 and is progressing with a INR 650.00 crores capex program. The company maintains a strong balance sheet with cash liquidity of approximately INR 315.00 crores and a debt-equity ratio below 0.1.
07Nov 25
Happy Forgings Reports Strong Q2 FY26 Results Amid Regulatory Compliance Efforts
Happy Forgings Limited announced robust Q2 FY26 results with revenue up 4.5% YoY to ₹377.00 crore, EBITDA up 9.9% to ₹116.00 crore, and net profit up 10.2% to ₹73.00 crore. H1 FY26 saw revenue increase 4.1% YoY to ₹731.00 crore. The company achieved its highest-ever quarterly gross margin at ~60%. It addressed non-compliance with SEBI regulations regarding committee composition, paying fines and strengthening processes. The company is progressing with a ₹650.00 crore capex program for expansion and technological advancement.
06Nov 25
Happy Forgings Reports Strong Q2 FY26 Results with Highest-Ever Quarterly Margins
Happy Forgings Limited announced robust Q2 FY26 results with total income of ₹383.36 crore and net profit of ₹73.36 crore. The company achieved its highest-ever quarterly gross margin at 60.3% and improved EBITDA margin to 30.7%. Finished goods volume increased by 5.2% YoY to 15,028 MT. The company maintains a strong financial position with nearly 100% operating cash flow conversion in H1 FY26 and liquidity of approximately ₹315.00 crore. Happy Forgings is progressing with its ₹650.00 crore capex program and focusing on expanding capacity and technological advancements.
18Aug 25
Happy Forgings Reports 3.6% Revenue Growth with Stable Margins in Q1 FY26
Happy Forgings Limited announced Q1 FY26 results with revenue of Rs. 354.00 crores, up 3.6% YoY. EBITDA and PAT margins remained stable at 28.6% and 18.6% respectively. Volume increased by 3.8% to 14,457 MT. The company invested Rs. 110.00 crores in new machining lines and plans a Rs. 650.00 crores CAPEX for heavyweight precision components. New orders worth Rs. 730.00 crores were secured across various sectors. Management projects 15-18% medium-term growth and anticipates high single-digit growth in domestic commercial vehicle and farm equipment segments.
09Aug 25
Happy Forgings Reports 3.6% Revenue Growth to Rs 354 Crores in Q1, Appoints New Internal Auditors
Happy Forgings Limited announced Q1 financial results with revenue up 3.6% to Rs 354.00 crores, EBITDA up 3.6% to Rs 101.00 crores, and PAT up 3.0% to Rs 66.00 crores. The company maintained EBITDA margins at 28.6% and improved gross profit margins. Finished goods volume increased 3.8% to 14,457 MT. The company plans Rs 730.00 crores in capex for expansion. The Board appointed SCV & Co. LLP and KPMG as internal auditors. 43,811 employee stock options were exercised under the ESOP scheme. The company has utilized Rs. 30,135.43 lacs of IPO proceeds, with Rs. 7,646.90 lacs remaining.
17May 25
Happy Forgings Reports Q4 Profit Growth and Announces Dividend
Happy Forgings Limited announced Q4 financial results with a 2.73% increase in net profit to ₹676.00 million. Revenue grew by 2.62% to ₹3.52 billion, while EBITDA improved to ₹1.02 billion with a margin expansion to 29.05%. The company recommended a final dividend of ₹3.00 per share. Annual figures for FY 2024 showed stronger growth, with revenue up 14.08% to ₹1,371.60 crore and net profit increasing 16.44% to ₹243.00 crore compared to FY 2023.
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