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Happy Forgings Share Price Live

HAPPYFORGE

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About Happy Forgings

Happy Forgings Limited was incorporated as Happy Forgings Private Limited' at Jalandhar, Punjab as a private limited company, pursuant to a certificate of incorporation dated July 2, 1979, issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. Thereafter, Company was converted from a private limited company to a public limited company, and the name of Company was changed to Happy Forgings Limited', and a fresh certificate of incorporation dated April 1, 1998, issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. Happy Forgings are an engineering led manufacturer of complex and safety critical, heavy forged and high precision machined components in India. The Company manufacture a wide range of forged and machined products such as crankshafts, front axle beams, steering knuckles, differential cases, transmission parts, planetary carriers, suspension brackets and valve bodies across industries for a diversified base of customers. It mainly cater to domestic and global OEMs manufacturing commercial vehicles in the automotive sector and manufacturers of farm equipment, off-highway vehicles and manufacturers of industrial equipment and machinery for oil and gas, power generation, railways and wind turbine industries into the non-automotive sector. The Company has emerged as a leading player in the domestic crankshaft manufacturing industry with the second largest production capacity for commercial vehicle and high horse-power industrial crankshafts in India. In 1995, the Company purchased heavy duty hammers for manufacturing of oil engine parts and motor parts. In 2006, it commissioned operations at Kanganwal Facility II unit, in 2008, commissioned first 8,000 ton forging press; commenced manufacturing front steering parts by procuring axle arms in 2009 and installed model grinding technology used to manufacture four cylinder and six cylinder crankshafts. In 2011, it ventured into commercial vehicles, farm equipment and industrial equipment industries; later on, the second 8,000 ton forging press was commissioned during 2017; again it ventured into a new sector by manufacturing pinion shaft in the wind turbine industry in 2019; installed third 8,000 ton forging press line in 2021; commenced Dugri Facility operations in 2021, commissioned front axle beam for electric buses into commercial vehicle industry in 2022 and thereafter, installed 8 dedicated lines for manufacturing crankshafts and commissioned first 14,000 ton forging press line in 2022. Through Initial Public Offer, the Company is planning Equity Shares of Fresh Issue aggregating Rs 500 Crores and an Offer for Sale by issuing 8,054,910 Equity Shares.

Parent Organisation
Indian Private
Managing Director
None
Founded
1979
NSE Symbol
HAPPYFORGE

Peer Comparision

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Community Discussion

A
AngelOne
16th April 2024
Happy Forgings Secures Multi-Year Deal to Supply Brake Flanges for US Utility Vehicles; Shares Rally Over 7% Today This deal marks HFL’s entry into the US Passenger Vehicles segment, expanding its exports, diversifying products, and broadening revenue globally. Happy Forgings Limited (HFL) one of India’s foremost engineering-driven manufacturers, specializing in heavy-forged and high-precision machined components essential for safety-critical applications, has confirmed a significant order received by the company. Order Details As per the details, the company will be supplying Brake Flanges for passenger vehicles, including utility vehicles and pickup trucks, to a prominent global Tier-1 manufacturer specializing in automobile driveline components and systems. This agreement further solidifies the company’s standing as a trusted partner in delivering intricate and vital components for the automotive industry. The delivery of these components is set to begin in the fourth quarter of the financial year 2026 or the first quarter of the financial year 2027, following the interim part approval process. The total worth of the order is estimated to be between Rs 60 to Rs 70 crores per annum, with an approximate total value of Rs 500 crores spanning until December 2034. This deal marks HFL’s venture into the US Passenger Vehicles segment, thereby bolstering its export portfolio, enriching its product range, and broadening its revenue streams across different geographical regions. Share Performance Today, the company’s shares commenced trading at Rs 939.05 per share, which is higher compared to the preceding day’s closing figure of Rs 904.60 per share. During the intraday trading session, the stock reached highs and lows of Rs 970.90 and Rs 934 respectively and finally concluded the day at Rs 942.50 per share representing a gain of 4.19% on the BSE. The market capitalisation of the company stands at Rs 8878.81 crore. Additionally, the stock has delivered a return of around 13.32% in the last one month. In terms of ownership, promoters hold 78.60%, while public investors hold 21.40%, as per the recent update. Investors must keep this stock on their radar. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. Angel One Happy Forgings Ltd Share Price Today Live NSE/BSE | Angel One Happy Forgings Ltd Share Price - Get Happy Forgings Ltd Live BSE/NSE stock price with the latest research reports, balance sheet, stock analysis, and share price history at Angel One.
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A
AngelOne
16th February 2024
Happy Forgings makes major strides in passenger vehicles; details inside As part of our strategic focus on expanding product company is looking to generate 10% of total revenue from passenger vehicles in future. About the Order Happy Forgings Limited (HFL), an engineering led manufacturer of complex and safety critical, heavy forged and high precision machined components in India in terms of forgings capacity has received an order from a leading Indian automobile manufacturer of passenger vehicles marking a significant milestone in its journey of expansion and growth. The total size of the order is worth Rs 60-70 crore per annum for the period of six years starting from April 1, 2024 which makes total order size of Rs 400 crores. This order entails manufacturing and supply of fully machined components for the SUV segment. The order further endorses HFL’s capabilities in providing quality and high-precision value added machined products for BS6 applications. With this order, the company will establish its presence in the passenger vehicles segment as it aims to diversify the sectoral revenue mix further both in domestic as well as exports markets. As of the 9MFY24 period, the company’s revenue mix stands as follows: commercial vehicles account for 41%, while non-automotive components represent 59%. Within the Non-Automotive Components category, Farm Equipment constitutes 32%, Off-Highway Vehicles make up 14%, and Industrial contributes 13%. Company MD commented that the company anticipates that the passenger vehicles segment will make a meaningful contribution of up to 8-10% of the total revenues in the future. Stock Performance In the last trading session, the stock closed at Rs 967. Today it opened at Rs 978.10 and currently it is trading at 974.95, up by 0.82%. The company’s 52-week high stands at Rs 1087.85, while its 52-week low stands at Rs 917.10. Currently, the company boasts a market capitalisation of approximately Rs 9,100 crore. About the company The Company is one of the largest engineering led manufacturer of complex and safety critical, heavy forged and high precision machined components in India in terms of forgings capacity. The Company through its vertically integrated operations is engaged in engineering, process design, testing, manufacturing, and supply of a variety of components that are both margin accretive and value additive. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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Happy Forgings Ltd FAQs

Happy Forgings Ltd (HAPPYFORGE) share price as of July 24, 2024, on NSE is Rs 1232.45 (NSE) and Rs 1232.45 (BSE) on BSE.
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