Happy Steels
HAPPY NSE
Happy Steels
Consumer DiscretionaryNSE: HAPPY Auto Components
Key Fundamentals
SMEMarket Cap
₹123 Cr
Volatility
Moderate
P/E Ratio
18.1
EBITDA
₹15.30 Cr
Return on Equity
17.76%
Debt to Equity
1.18
Book Value
₹45.49
52W High
₹104.4
52W Low
₹57
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company has delivered good profit growth of 39.4% CAGR over last 5 years
- Debtor days have improved from 73.4 to 49.2 days.
Weaknesses
3- The company has delivered a poor sales growth of 4.13% over past five years.
- Company has a low return on equity of 13.0% over last 3 years.
- Company might be capitalizing the interest cost
Growth Rate
Revenue Growth
17.09% higher than
3Y
Net Income Growth
209% higher than
3Y
Cash Flow Change
-42.93% lower than
3Y
ROE
149% higher than
3Y
ROCE
57.45% higher than
3Y
EBITDA Margin (Avg.)
53.74% higher than
3Y
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 77.3 | 88.3 | 93.96 | 80.91 | 82.14 | 94.64 |
| Expenses | 72.79 | 85.52 | 88.78 | 71.17 | 74.03 | 81.21 |
| Operating Profit | 4.51 | 2.78 | 5.18 | 9.74 | 8.11 | 13.43 |
| OPM % | 5.83% | 3.15% | 5.51% | 12.04% | 9.87% | 14.19% |
| Other Income | -1.18 | 0.44 | 0.2 | 1.33 | 0.38 | 1.84 |
| Interest | 1.34 | 1.36 | 2.63 | 2.54 | 2.86 | 2.62 |
| Depreciation | 1.92 | 1.83 | 2.2 | 2.17 | 2.43 | 3.13 |
| PBT | 0.07 | 0.03 | 0.55 | 6.36 | 3.2 | 9.52 |
| Tax % | 71.43% | 100% | 21.82% | 26.42% | 26.88% | 25.42% |
| Net Profit | 0.03 | 0.01 | 0.43 | 4.69 | 2.34 | 7.1 |
| EPS in Rs | — | — | — | — | — | 6.76 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 10.5 |
| Reserves | 24.04 | 23.95 | 24.33 | 29.04 | 31.38 | 29.48 |
| Borrowings | 25.91 | 34.57 | 26.38 | 35.69 | 34.21 | 47.18 |
| Other Liabilities | 14.42 | 12.13 | 17.29 | 12.15 | 11.53 | 12.5 |
| Total Liabilities | 65.87 | 72.15 | 69.5 | 78.38 | 78.62 | 99.66 |
| Fixed Assets | 14.47 | 20.03 | 22.15 | 24.26 | 25.13 | 31.75 |
| CWIP | 4.68 | 3.09 | 0 | 0.22 | 2.66 | 8.46 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 46.72 | 49.03 | 47.35 | 53.9 | 50.83 | 59.45 |
| Total Assets | 65.87 | 72.15 | 69.5 | 78.38 | 78.62 | 99.66 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | 0 | 0 | 0 | -3.67 | 10.18 | 5.81 |
| Investing | 0 | 0 | 0 | -3.18 | -5.64 | -16.19 |
| Financing | 0 | 0 | 0 | 6.77 | -4.34 | 10.34 |
| Net Cash Flow | 0 | 0 | 0 | -0.08 | 0.2 | -0.04 |
| Free Cash Flow | 0 | 0 | 0 | -6.89 | 8.15 | -4.99 |
| CFO/OP | 0 | 0 | 0 | -23 | 134 | 60 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 102 | 84.9 | 90.59 | 99.74 | 71.23 | 49.21 |
| Inventory Days | 181 | 187 | 138 | 251 | 259 | 303 |
| Days Payable | 47.71 | 29.97 | 67.39 | 48.55 | 50.6 | 40.68 |
| Cash Conversion Cycle | 235 | 242 | 161 | 303 | 280 | 312 |
| Working Capital Days | 69.6 | 53.2 | 55.2 | 83.59 | 75.76 | 62.21 |
| ROCE % | — | 1.97% | 5.58% | 12.92% | 8.91% | 15.86% |
Documents
1
Copy of Newspaper Publication
8 Sep - Happy Steels Limited has informed about Copy of Newspaper Publication 8 Sep - Happy Steels Limited has informed about Copy of Newspaper Publication
2
Outcome of Board Meeting
3 Sep - HAPPY Steels announces AGM e-voting period and 23 September 2026 cut-off date. 3 Sep - HAPPY Steels announces AGM e-voting period and 23 September 2026 cut-off date.
3
Outcome of Board Meeting
3 Sep - Board approved FY26 Directors’ Report, internal auditor appointment, and 30th AGM on 30 September 2026. 3 Sep - Board approved FY26 Directors’ Report, internal auditor appointment, and 30th AGM on 30 September 2026.
4
Updates
3 Sep - AGM e-voting from 26 Sept 2026 to 29 Sept 2026; cut-off date fixed at 23 Sept 2026. 3 Sep - AGM e-voting from 26 Sept 2026 to 29 Sept 2026; cut-off date fixed at 23 Sept 2026.
5
Price movement
27 Aug - 25 Aug 2026 reply to NSE clarifies price movement was market-driven. 27 Aug - 25 Aug 2026 reply to NSE clarifies price movement was market-driven.
Frequently Asked Questions about Happy Steels
What does Happy Steels Ltd do?
Incorporated in 1996, Happy Steel Limited is
an integrated manufacturer of safety-critical, forged, and machined transmission and driveline components.[1]
Where is Happy Steels Ltd (HAPPY) listed?
Happy Steels Ltd trades as HAPPY on the NSE.
Which sector does Happy Steels Ltd belong to?
Happy Steels Ltd is classified under the Consumer Discretionary sector, in the Auto Components industry.
What is the market capitalisation of Happy Steels Ltd?
Happy Steels Ltd has a market capitalisation of ₹122.93 Cr, which places it in the Small Cap band.
What is the PE ratio of Happy Steels Ltd?
Happy Steels Ltd trades at a PE ratio of 18.10, against a book value of ₹45.49 per share.
What is the 52-week high and low of Happy Steels Ltd?
Over the last 52 weeks Happy Steels Ltd has traded between ₹57 and ₹104.4.
What is the Return on Equity (ROE) of Happy Steels Ltd?
Happy Steels Ltd reported a return on equity of 17.76%. Its debt-to-equity ratio is 1.18.
Company Information
Incorporated in 1996, Happy Steel Limited is an integrated manufacturer of safety-critical, forged, and machined transmission and driveline components.[1]
Listed 2026-07-16
Face Value ₹ 10
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