Happy Steels Ltd.

•

happysteels.comBSE: -NSE: HAPPY

Market Cap₹ 127 Cr.

Current Price

High / Low₹ 104 / 57

Stock P/E17.9

Book Value₹ 31

Price to Book2.90

Dividend Yield0.00 %

ROCE15.7 %

ROE19.5 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Automobile and Auto Components

Buy

Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.

Confidence

74%

View full sector analysis →

PROS

Company has consistently been profitable over the last 5 years
Operating margins have improved to 14.1% from 5.5%
Institutional investors have been accumulating - FII+DII up 8.1pp

CONS

Promoter holding has decreased over last 2 years: -27.0pp
Equity base is being diluted - shares outstanding up 600.0%
Total debt has risen sharply - up 37.9% year on year
Company has delivered a poor sales growth of 4.1% over past five years
Though reporting repeated profits, the company pays out little dividend (0.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Automobile and Auto ComponentsAutomobile & AncillariesAuto Ancillary

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	MOTHERSON	164.30	39.59	173409.49	0.37	1075.66	77.48	35243.77	17.70	13.63	8.86
2.	BOSCHLTD	48388.75	60.40	142727.94	0.56	706.10	-36.74	5841.90	22.00	25.60	14.08
3.	UNOMINDA	1202.40	57.75	69434.66	0.22	315.51	2.10	5556.85	23.79	20.74	11.14
4.	TIINDIA	2607.25	83.21	50469.14	0.13	293.96	-3.04	6215.33	20.20	27.33	8.81
5.	SONACOMS	788.95	70.76	49240.61	0.43	178.51	46.67	1301.20	52.38	14.75	22.55
6.	ENDURANCE	2696.75	39.11	37933.25	0.43	244.52	8.03	4314.89	30.01	18.33	12.42
7.	CRAFTSMAN	11663.75	65.61	30505.88	0.10	150.55	116.31	2431.58	36.30	14.65	15.81
8.	ZFCVINDIA	2548.90	58.10	29007.88	0.03	1044.78	753.75	10661.76	992.89	20.23	12.93
9.	SANSERA	4130.20	73.97	25773.92	0.10	87.36	38.71	1021.26	33.27	14.29	19.18
10.	MSUMI	36.30	38.37	24072.93	1.60	1453.20	915.51	34072.60	1273.43	43.72	7.58
11.	GABRIEL	1345.45	80.11	23845.41	0.37	1081.26	925.35	14256.83	1055.00	26.37	11.71
12.	HAPPY	88.95	17.89	127.08	0.00	—	—	—	—	15.75	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	57	68	79	68	77	88	94	81	82	95
	51	63	74	63	73	86	89	71	74	81
Operating Profit	5	5	5	5	5	3	5	10	8	13
OPM %	9.58%	7.29%	6.52%	6.76%	5.83%	3.15%	5.45%	12.05%	9.87%	14.10%
	1	1	1	0	-1	0	0	1	0	2
Interest	2	2	2	2	1	1	3	3	3	3
Depreciation	1	2	2	2	2	2	2	2	2	3
Profit before Tax	3	2	1	1	0	0	1	6	3	10
Tax %	32.18%	29.03%	26.68%	25.10%	66.14%	80.36%	23.26%	26.29%	26.85%	25.41%
Net Profit	2	2	1	1	0	0	0	5	2	7
EPS	12.61	10.64	7.15	5.52	0.17	0.04	2.70	31.27	15.62	6.77
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

COMPOUNDED SALES GROWTH

10 Years:: 7%
5 Years:: 4%
3 Years:: 0%

COMPOUNDED PROFIT GROWTH

10 Years:: 13%
5 Years:: 209%
3 Years:: 160%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 7%
5 Years:: 9%
3 Years:: 15%
Last Year:: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1	1	1	1	1	1	1	1	1	10
	21	22	23	24	24	24	24	29	31	29
	11	18	14	19	26	33	25	34	33	45
Trade Payables	1	1	1	1	5	4	13	6	6	5
	6	6	7	7	10	10	5	8	6	10
Total Liabilities	41	49	47	52	66	72	70	78	79	100
	14	19	19	20	19	20	22	24	25	32
Capital Work in Progress	4	0	0	0	0	3	0	0	0	3
	9	12	9	12	19	24	21	29	32	39
	11	15	17	17	22	21	23	22	16	13
Cash & Bank	0	0	0	1	0	0	0	0	0	1
	3	2	2	3	6	4	3	2	5	12
Total Assets	41	49	47	52	66	72	70	78	79	100

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-1	-2	-1	0	-4	10	6
Cash from Investing	-2	-3	-6	-3	-3	-6	-16
Cash from Financing	3	6	7	3	7	-4	10
	-1	0	0	0	-0	0	-0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Sep 2017	Sep 2018	Sep 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jul 2026
	99.99	99.99	99.99	99.99	99.99	99.99	99.99	99.99	72.99
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.29
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7.80
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	18.92

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for HAPPY

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Happy Steels Ltd.

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Name

MOTHERSON

164.30

39.59

173409.49

0.37

1075.66

77.48

35243.77

17.70

13.63

8.86

BOSCHLTD

48388.75

60.40

142727.94

0.56

706.10

-36.74

5841.90

22.00

25.60

14.08

UNOMINDA

1202.40

57.75

69434.66

0.22

315.51

2.10

5556.85

23.79

20.74

11.14

TIINDIA

2607.25

83.21

50469.14

0.13

293.96

-3.04

6215.33

20.20

27.33

8.81

SONACOMS

788.95

70.76

49240.61

0.43

178.51

46.67

1301.20

52.38

14.75

22.55

ENDURANCE

2696.75

39.11

37933.25

0.43

244.52

8.03

4314.89

30.01

18.33

12.42

CRAFTSMAN

11663.75

65.61

30505.88

0.10

150.55

116.31

2431.58

36.30

14.65

15.81

ZFCVINDIA

2548.90

58.10

29007.88

0.03

1044.78

753.75

10661.76

992.89

20.23

12.93

SANSERA

4130.20

73.97

25773.92

0.10

87.36

38.71

1021.26

33.27

14.29

19.18

MSUMI

36.30

38.37

24072.93

1.60

1453.20

915.51

34072.60

1273.43

43.72

7.58

GABRIEL

1345.45

80.11

23845.41

0.37

1081.26

925.35

14256.83

1055.00

26.37

11.71

HAPPY

88.95

17.89

127.08

0.00

—

15.75

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Operating Profit

OPM %

9.58%

7.29%

6.52%

6.76%

5.83%

3.15%

5.45%

12.05%

9.87%

14.10%

-1

Interest

Depreciation

Profit before Tax

Tax %

32.18%

29.03%

26.68%

25.10%

66.14%

80.36%

23.26%

26.29%

26.85%

25.41%

Net Profit

EPS

12.61

10.64

7.15

5.52

0.17

0.04

2.70

31.27

15.62

6.77

Dividend Payout %

0.00%

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Trade Payables

Total Liabilities

100

Capital Work in Progress

Cash & Bank

Total Assets

100

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-1

-2

-1

-4

Cash from Investing

-2

-3

-6

-3

-6

-16

Cash from Financing

-4

-1

-0

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Sep 2017

Sep 2018

Sep 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Jul 2026

99.99

72.99

0.00

0.29

0.00

7.80

Government

0.00

0.01

18.92

Happy Steels Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Happy Steels Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI