Happy Steels Ltd.
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ABOUT
AI Sector View
AI GENERATEDAutomobile and Auto Components
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.
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
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSON | 164.00 | 39.52 | 173092.86 | 0.37 | 1075.66 | 77.48 | 35243.77 | 17.70 | 13.63 | 8.86 |
| BOSCHLTD | 48602.60 | 60.66 | 143358.71 | 0.56 | 706.10 | -36.74 | 5841.90 | 22.00 | 25.60 | 14.08 |
| UNOMINDA | 1223.50 | 58.77 | 70653.11 | 0.22 | 315.51 | 2.10 | 5556.85 | 23.79 | 20.74 | 11.14 |
| TIINDIA | 2650.00 | 84.58 | 51296.66 | 0.13 | 293.96 | -3.04 | 6215.33 | 20.20 | 27.33 | 8.81 |
| SONACOMS | 803.10 | 72.02 | 50123.75 | 0.42 | 178.51 | 46.67 | 1301.20 | 52.38 | 14.75 | 22.55 |
| ENDURANCE | 2716.60 | 39.40 | 38212.47 | 0.42 | 244.52 | 8.03 | 4314.89 | 30.01 | 18.33 | 12.42 |
| CRAFTSMAN | 11852.65 | 66.68 | 30999.93 | 0.09 | 150.55 | 116.31 | 2431.58 | 36.30 | 14.65 | 15.81 |
| ZFCVINDIA | 2528.05 | 57.63 | 28770.60 | 0.03 | 1044.78 | 753.75 | 10661.76 | 992.89 | 20.23 | 12.93 |
| SANSERA | 4107.40 | 73.56 | 25631.64 | 0.10 | 87.36 | 38.71 | 1021.26 | 33.27 | 14.29 | 19.18 |
| MSUMI | 36.32 | 38.39 | 24086.20 | 1.60 | 1453.20 | 915.51 | 34072.60 | 1273.43 | 43.72 | 7.58 |
| GABRIEL | 1340.50 | 79.82 | 23757.68 | 0.37 | 1081.26 | 925.35 | 14256.83 | 1055.00 | 26.37 | 11.71 |
| HAPPY | 90.00 | 18.10 | 128.58 | 0.00 | — | — | — | — | 15.75 | — |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
No quarterly results found
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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 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1 | -2 | 0 | 0 | 0 | -1 | 0 | -4 | 10 | 6 | |
| Cash from Investing | -2 | -3 | 0 | 0 | 0 | -6 | -3 | -3 | -6 | -16 |
| Cash from Financing | 3 | 6 | 0 | 0 | 0 | 7 | 3 | 7 | -4 | 10 |
| -1 | 0 | 0 | 0 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
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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