How has been the historical performance of Happy Forgings?

Answer:The historical performance of Happy Forgings shows a consistent growth trajectory in key financial metrics over the past three years.

Breakdown:
Happy Forgings has demonstrated significant growth in net sales, increasing from 1,196.53 Cr in Mar'23 to 1,408.89 Cr in Mar'25. Total operating income followed a similar trend, rising from 1,196.53 Cr in Mar'23 to 1,408.89 Cr in Mar'25. The company managed to reduce raw material costs from 629.73 Cr in Mar'24 to 602.78 Cr in Mar'25, while total expenditure also increased, from 855.59 Cr in Mar'23 to 1,002.20 Cr in Mar'25. Operating profit (PBDIT) grew from 346.68 Cr in Mar'23 to 444.14 Cr in Mar'25, reflecting an improvement in operating profit margin, which rose to 28.87% in Mar'25. Profit before tax increased from 280.03 Cr in Mar'23 to 359.55 Cr in Mar'25, leading to a profit after tax of 267.44 Cr in Mar'25, up from 208.70 Cr in Mar'23. The company's total assets grew significantly from 874.39 Cr in Mar'21 to 2,215.22 Cr in Mar'25, while total liabilities also increased to 2,215.22 Cr in Mar'25. Cash flow from operating activities improved from 80.00 Cr in Mar'22 to 292.00 Cr in Mar'25, indicating a positive cash flow trend. Overall, Happy Forgings has shown robust growth in sales, profits, and asset base over the reported years.