Company profile / HAPPYFORGE

Happy Forgings

Other · 3 quarters tracked · source-linked performance and management context.

Research layer active
PositiveCredibility 0/100Latest record q3-fy26

Latest revenue

₹391 Cr

verified financial record

Quarters tracked

3

source records in the directory

Delivery assessment

0

Across 2 tracked commitments: 0 delivered, 2 missed.

Call date

2026-02-10

latest available source date

Signal trajectory

3 actual quarters
EBITDA (₹ Cr)PositiveWatchNegative
3 actual records
Actual quarterly EBITDA (₹ Cr) trajectoryReported values plotted by quarter. Hover or focus a point for its quarter, value, and source sentiment.Q1 FY26: 101 · Watch source sentiment · 2025-08-12Q1 FY26Q2 FY26: 116 · Positive source sentiment · 2025-11-12Q2 FY26Q3 FY26: 120 · Positive source sentiment · 2026-02-10Q3 FY26120101
Values are taken from the available verified source records; sentiment color is a separate source-read indicator.

Current read

0/100

Across 2 tracked commitments: 0 delivered, 2 missed.

Latest source read

What changed this quarter?

Open quarter read

Happy Forgings delivered a strong Q3 FY26 with revenue of ₹391 crore (+10.4% YoY), EBITDA of ₹120 crore (+18.7% YoY), and PAT of ₹79 crore (+22.3% YoY). EBITDA margin expanded to 30.8%, a new high, driven by favorable product mix and operating leverage. Domestic CV and farm segments grew ~22% in value, while exports remained subdued due to tariff uncertainty and weak global demand. Management guided for FY27 capex of ~₹400 crore (excluding solar) and expects incremental annual business of ₹800 crore to commence from FY27, with 80-85% execution by FY28. A new 10,000-ton forging press will be commissioned in Q4 FY26. Risks include potential steel price increases and slower-than-expected export recovery.

Colored figures compare against the previous available record. Hover or focus one for the comparison.

Signal

Positive

Revenue

₹391 Cr

Source date

2026-02-10

Across the record

Quarter history.

3 source records

History modules

Follow the numbers and themes.

Revenue history PAT history Margin trend Guidance tracker Bear-case history Language trends FY26 summary