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Happy Steels

HAPPY NSE
₹67.20 No trade today
View as Markdown
MCP
Close 4 Nov 2026 ₹67.20 −1.30 −1.90% since 16 Jul 2026
Start ₹68.50

Key Fundamentals

SME

Price-based figures as of · TTM

ROCE
15.90%
Debt to Equity
1.18
EPS (TTM)
—
Book Value
₹45.49
Market Cap
—
P/E (TTM)
—
P/B
1.48
ROE
19.70%
Dividend Yield
0.00%
EBITDA
₹15.30 Cr
52W High
₹104.40
52W Low
₹57.00
Volume
0

Peer Comparison

Consumer Discretionary › Auto Components › Auto Components & Equipments

Happy Steels peer comparison
Samvardhana Motherson International
₹159.4938.43₹1,68,660 Cr3.980.37%11.20%13.40%₹1,31,135 Cr₹4,556 Cr
Bosch
₹50,925.0063.56₹1,48,351 Cr10.110.54%14.60%21.50%₹21,088 Cr₹2,363 Cr
Bharat Forge
₹1,812.80122.74₹86,739 Cr7.650.48%12.00%12.60%₹17,543 Cr₹715 Cr
UNO Minda
₹1,196.9057.49₹67,494 Cr10.130.24%19.30%19.60%₹20,725 Cr₹1,291 Cr
Sona BLW Precision Forgings
₹893.7074.48₹56,293 Cr8.700.38%11.70%15.10%₹4,514 Cr₹746 Cr
Schaeffler India
₹3,507.2042.47₹55,555 Cr8.920.99%20.80%27.90%₹10,192 Cr₹1,292 Cr
Tube Investment
₹2,250.5071.81₹42,644 Cr5.620.16%9.95%17.10%₹23,754 Cr₹1,109 Cr
Happy Steels (this company)
₹67.20—₹94 Cr1.480.00%19.70%15.90%——
Median 8 companies₹1,504.8563.56₹61,893 Cr8.180.38%13.30%16.50%₹20,725 Cr₹1,291 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish694
OscillatorsNeutral252
Moving AveragesBearish442

Key readings

RSI (14)
44.57
Neutral
MACD (12,26,9)
−3.37
Bullish
SMA (50)
78.11
Bearish
SMA (200)
—
Neutral

As of

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.

Revenue

Revenue growth by window
5Y+4.13%
3Y+0.24%
1Y+15.22%

Net profit

Net profit growth by window
5Y+198.42%
3Y+154.64%
1Y+203.42%

Operating cash flow

Operating cash flow growth by window
5YZero base
3YZero base
1Y−42.93%

Operating margin· change in pp

Operating margin growth by window
5Y+8.36 pp
3Y+8.68 pp
1Y+4.32 pp

Trailing twelve months: No quarterly results are reported.

Revenue by year

Revenue by year, ₹ crore
Mar 2021₹77.30 Cr
Mar 2022₹88.30 Cr
Mar 2023₹93.96 Cr
Mar 2024₹80.91 Cr
Mar 2025₹82.14 Cr
Mar 2026₹94.64 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2021₹0.03 Cr
Mar 2022₹0.01 Cr
Mar 2023₹0.43 Cr
Mar 2024₹4.69 Cr
Mar 2025₹2.34 Cr
Mar 2026₹7.10 Cr

Profit & Loss

₹ Cr
HAPPY profit and loss, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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 (₹)
—
—
—
—
—
6.76
Div. Payout %
0%
0%
0%
0%
0%
0%

Balance Sheet

₹ Cr
HAPPY balance sheet, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

₹ Cr
HAPPY cash flow, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

HAPPY financial ratios, annual
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Happy Steels insights

52 extracted metrics across FY21–FY26.

Shareholding Pattern

As of Sep 2026

  • Promoters 72.99%
  • Public 10.08%
  • Others 9.36%
  • DIIs 7.57%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

A trend needs at least two reported periods.

Documents

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.
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 52-week high and low of Happy Steels Ltd?
Over the last 52 weeks Happy Steels Ltd has traded between ₹57 and ₹104.4 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Happy Steels Ltd?
Happy Steels Ltd reported a return on equity of 19.70%. 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.

Website happysteels.com
Listed 16 Jul 2026
Face Value ₹10

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