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Unlisted Shares

Happy Forgings Essentials

As of July 27, 2024, Happy Forgings, Listed Shares are trading at ₹1226.00 per share.

ISIN

INE330T01021

Face Value

₹ 2

Total Share

8,94,99,000

P/E

****

Market Capitalisation

₹ 10,972.58 Cr

Enterprise Value

₹ ****

Sector

Industrials

Sub-sector

Auto Parts

Category

Listed

Happy Forgings Growth

Compounded Sales Growth

Highlights

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Happy Forgings Limited is a manufacturer in India that specializes in engineering and producing heavy forged and high-precision machined components

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The company has successfully served customers across different regions, including Brazil, Italy, Japan, Spain, Sweden, Thailand, Turkey, the United Kingdom, and the United States of America.

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As of January 31, 2019, Happy Forgings Ltd. successfully raised ₹30 Crore by offering shares at a rate of ₹18,995 per share. Notably, the company underwent a stock split on February 14, 2022, and a bonus on March 30, 2022. After these modifications, the adjusted share price settled at ₹190, with a face value of ₹2. The funding was facilitated through a private placement orchestrated by Motilal Oswal PE via its India Business Excellence Fund – III. Consequently, the post-money valuation of the company now stands at ₹1,700 Crore.

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Expected Price: While comparing company alongside its industry counterparts, the estimated price-to-earnings (PE) ratio for the company falls within the bracket of 25x to 38x. Utilizing the earnings per share (EPS), we anticipate the company's share price to be within the range of ₹600 to ₹900 per share. As per our analysis, we think a suitable PE for the company would be 30x, resulting in an estimated valuation of approximately ₹700 per share.

Business Rating

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Managment

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Accounting Practice

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Profatibility

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Solvency

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Growth

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Valuation

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Overall Ratings

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Recommendation

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Our Team

Quantity

Invest

, Min. Investment: ₹