Results Snapshot
Figures in Cr
Consolidate Annual Results
Mar'26
Mar'25
Mar'24
Mar'23
Net Sales
1,546.34
1,408.89
1,358.24
1,196.53
Other Operating Income
0.00
0.00
0.00
0.00
Total Operating income
1,546.34
1,408.89
1,358.24
1,196.53
Raw Material Cost
606.77
602.78
629.73
547.72
Purchase of Finished goods
0.00
0.00
0.00
0.00
(Increase) / Decrease In Stocks
25.04
-11.11
-33.14
3.33
Employee Cost
136.58
124.82
114.46
87.78
Power Cost
0.00
0.00
0.00
0.00
Manufacturing Expenses
0.00
0.00
0.01
0.01
Selling and Distribution Expenses
0.00
0.00
0.00
0.00
Other Expenses
307.26
285.71
259.64
216.75
Total Expenditure (Excl Depreciation)
1,075.65
1,002.20
970.70
855.59
Operating Profit (PBDIT) excl Other Income
470.69
406.69
387.54
340.94
Other Income
30.81
37.45
13.35
5.74
Operating Profit (PBDIT)
501.50
444.14
400.89
346.68
Interest
10.47
7.53
11.78
12.48
Exceptional Items
0.00
0.00
0.00
0.00
Gross Profit (PBDT)
491.03
436.61
389.11
334.20
Depreciation
89.04
77.06
64.73
54.18
Profit Before Tax
401.98
359.55
324.39
280.03
Tax
100.35
92.12
81.40
71.33
Provisions and contingencies
0.00
0.00
0.00
0.00
Profit After Tax
301.63
267.44
242.98
208.70
Extraordinary Items
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
Net Profit
301.63
267.44
242.98
208.70
Share in Profit of Associates
0.00
0.00
0.00
0.00
Minority Interest
0.00
0.00
0.00
0.00
Other related items
0.00
0.00
0.00
0.00
Consolidated Net Profit
301.63
267.44
242.98
208.70
Equity Capital
18.87
18.85
18.84
17.90
Face Value
2.0
2.0
2.0
2.0
Reserves
2,109.25
1,830.70
1,593.65
970.41
Earnings per share (EPS)
31.97
28.38
25.79
23.32
Diluted Earnings per share
31.92
28.37
26.75
23.32
Operating Profit Margin (Excl OI)
30.44%
28.87%
28.53%
28.49%
Gross Profit Margin
31.75%
30.99%
28.65%
27.93%
PAT Margin
19.51%
18.98%
17.89%
17.44%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Mar 2026 is 9.76% vs 3.73% in Mar 2025
Consolidate Net Profit
YoY Growth in year ended Mar 2026 is 12.78% vs 10.07% in Mar 2025
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Mar 2026 is 15.74% vs 4.94% in Mar 2025
Interest
YoY Growth in year ended Mar 2026 is 39.04% vs -36.08% in Mar 2025
Operating Profit Margin (Excl OI)
YoY Growth in year ended Mar 2026 has improved from Mar 2025
Compare Annual Results Of Happy Forgings With
Figures in Cr
Consolidate Annual Results
Change(INR)
Change(%)
Net Sales
1,546.34
4,287.44
-2,741.10
-63.93%
Other Operating Income
0.00
0.00
0.00
Total Operating income
1,546.34
4,287.44
-2,741.10
-63.93%
Raw Material Cost
606.77
1,657.79
-1,051.02
-63.40%
Purchase of Finished goods
0.00
2.83
-2.83
-100.00%
(Increase) / Decrease In Stocks
25.04
77.09
-52.05
-67.52%
Employee Cost
136.58
185.48
-48.90
-26.36%
Power Cost
0.00
301.00
-301.00
-100.00%
Manufacturing Expenses
0.00
269.06
-269.06
-100.00%
Selling and Distribution Expenses
0.00
0.00
0.00
Other Expenses
307.26
644.98
-337.72
-52.36%
Total Expenditure (Excl Depreciation)
1,075.65
3,138.23
-2,062.58
-65.72%
Operating Profit (PBDIT) excl Other Income
470.69
1,149.21
-678.52
-59.04%
Other Income
30.81
331.63
-300.82
-90.71%
Operating Profit (PBDIT)
501.50
1,480.84
-979.34
-66.13%
Interest
10.47
21.09
-10.62
-50.36%
Exceptional Items
0.00
0.00
0.00
Gross Profit (PBDT)
491.03
1,459.75
-968.72
-66.36%
Depreciation
89.04
103.07
-14.03
-13.61%
Profit Before Tax
401.98
1,356.68
-954.70
-70.37%
Tax
100.35
308.36
-208.01
-67.46%
Provisions and contingencies
0.00
0.00
0.00
Profit After Tax
301.63
1,048.32
-746.69
-71.23%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
Net Profit
301.63
1,048.32
-746.69
-71.23%
Share in Profit of Associates
0.00
11.75
-11.75
-100.00%
Minority Interest
0.00
0.66
-0.66
-100.00%
Other related items
0.00
0.00
0.00
Consolidated Net Profit
301.63
1,060.74
-759.11
-71.56%
Equity Capital
18.87
18.66
0.21
1.13%
Face Value
2.00
2.00
0.00
Reserves
2,109.25
6,908.33
-4,799.08
-69.47%
Earnings per share (EPS)
31.97
113.69
-81.72
-71.88%
Diluted Earnings per share
31.92
113.14
-81.22
-71.79%
Operating Profit Margin (Excl OI)
30.44%
27.19%
0.00
3.25%
Gross Profit Margin
31.75%
34.54%
0.00
-2.79%
PAT Margin
19.51%
25.08%
0.00
-5.57%
Public Share Holdings (%)
0.00%
0.00%
0.00
0.00%
Pledged Promotor Holding (%)
0.00%
0.00%
0.00
0.00%
Annual - Net Sales
Net Sales 1,546.34 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 9.76% vs 3.73% in Mar 2025
Annual - Consolidate Net Profit
Consolidate Net Profit 301.63 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 12.78% vs 10.07% in Mar 2025
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 470.69 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 15.74% vs 4.94% in Mar 2025
Annual - Interest
Interest 10.47 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 39.04% vs -36.08% in Mar 2025
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 30.44%
in Mar 2026Figures in %
YoY Growth in year ended Mar 2026 has improved from Mar 2025






