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Happy Forgings IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 1008.59 Cr. The company is based in Ludhiana and caters to Automobile - Forging And Casting sector. Axis Capital , Equirus Capital , Jm Financial , Motilal Oswal Investment Advisors are the merchant bankers of Happy Forgings IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 24th August 2023.
Happy Forgings IPO posted revenues of ₹ 1351.46 crores and PAT of ₹ 238.60 crores in FY24 on annualised basis.
Revenue:
₹ 1,345.80 Cr.
EBITDA Margin:
29.01
% 
Net Worth: ₹ 1103.30 Cr.
Market Capitalisation:
₹ 8007.42 Cr.
P/E:
9.87 times
P/BV: 3.79 times
EV/EBITDA: 21.17 times
Financial results of Happy Forgings IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.
| Financials | Sep-23 | FY23 | FY22 | FY21 | |
|---|---|---|---|---|---|
|
Balance Sheet
|
|||||
| Assets | 1489.70 | 1326.10 | 1129.80 | 876.30 | |
| Net Worth | 1103.30 | 988.30 | 787.60 | 645.10 | |
| Total Debt | 258.90 | 218.50 | 240.30 | 153.40 | |
|
Profit & Loss
|
|||||
Revenue
Revenue on annualised basis |
672.90
1,345.80 |
1196.50 | 860.00 | 584.90 | |
EBITDA
EBITDA on annualised basis |
195.20
390.40 |
340.90 | 230.80 | 158.70 | |
PAT
PAT on annualised basis |
119.20
238.40 |
208.70 | 142.20 | 86.40 | |
Happy Forgings IPO PAT Margin is 17.71 % , ROCE (Return on Capital Employed) is 12.21 % as per latest financial. The below table shows Happy Forgings IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.
| Particulars | Sep-23 | FY23 | FY22 | FY21 |
|---|---|---|---|---|
| EBITDA Margin (%) | 29.01 | 28.49 | 26.84 | 27.13 |
| PAT Margin (%) | 17.71 | 17.44 | 16.53 | 14.77 |
| EPS (₹) | 13.33 | 23.32 | 15.90 | 9.66 |
| ROE (%) | 10.80 | 21.12 | 18.05 | 13.39 |
| ROCE (%) | 12.21 | 24.24 | 19.38 | 16.13 |
| ROA (%) | 8.00 | 15.74 | 12.59 | 9.86 |
| Debt to Equity | 0.23 | 0.22 | 0.31 | 0.24 |
The market Capitalisation of Happy Forgings IPO is ₹ 8007.42 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.
The Happy Forgings IPO prospectus highlights an Return on Equity (ROE) of 10.80 % , Return on Assets (ROA) of 8.00 %, and an EBITDA Margin of 29.01 %, showcasing financial performance.
Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Happy Forgings IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.
The post-IPO market capitalisation of Happy Forgings IPO is ₹ 8007.42 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.
The Happy Forgings IPO has a Price-to-Earnings (PE) ratio of 9.87 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.
Happy Forgings IPO reported revenue of ₹ 1351.46 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Happy Forgings IPO provide insights into sales growth, market demand, and business scalability.
Happy Forgings recorded an EBITDA of ₹ 390.40 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.
Happy Forgings Profit After Tax (PAT) is ₹ 238.40 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions
Revenue:
₹ 1,345.80 Cr.
EBITDA Margin:
29.01
%
Net Worth: ₹ 1103.30 Cr.
Market Capitalisation:
₹ 8007.42 Cr.
P/E:
9.87 times
P/BV: 3.79 times
EV/EBITDA: 21.17 times
Happy Forgings operates in Automobile - Forging And Casting and Led Manufacturer Of Complex And Precision Machined. The Issue is listed on BSE,NSE in Dec, 2023. Happy Forgings IPO size was 1008.59 with Issue price of 850.00 .
Merchant Banker(s) of Happy Forgings IPO: Axis Capital Limited , Equirus Capital Private Limited , Jm Financial Limited , Motilal Oswal Investment Advisors Limited
Happy Forgings IPO subscription was 82.63 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Happy Forgings IPO listed at a listing price of 1029.80 against the offer price of 850.00.
The current market price of Happy Forgings is 951.85.
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