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Happy Forgings Limited IPO Review

Happy Forgings Limited IPO engaged in they're the fourth-largest engineering-focused manufacturer in India, specializing in complex and safety-critical heavy forged and precision machined components. their capacity for forgings ranks them fourth, according to the Ricardo Report. Their integrated operations cover everything from engineering and process design to testing, manufacturing, and supplying various components that not only enhance margins but also add significant value.

They've become a key player in India's crankshaft manufacturing sector, holding the second-largest production capacity for commercial vehicle and high horse-poTheyr industrial crankshafts. Their shift from a forging-centric business to a machined components manufacturer is driven by their dedication to creating valuable and profit-enhancing products. Their Competitive Strengths are Fourth largest engineering led manufacturer of complex and safety critical, integrated manufacturing operations coupled with in-house product and process design capabilities, Diversified business model.

Happy Forgings Limited Products and Services

 Happy Forgings Limited Products and Services are Crank Shafts, Transmission Parts, Steering Knuckle, Railway Parts, Front Axle Components, Differential Case, WindMill Application Products, Oil and Gas. Their business is diverse, catering to various industries and customers. In the automotive sector, their income comes from supplying original equipment manufacturers (OEMs) for commercial vehicles. In the non-automotive sector, they produce and deliver a broad range of precision components to OEMs in the farm equipment industry.

They produce a variety of heavy forged and machined products like crankshafts, front axle beams, steering knuckles, differential cases, transmission parts, pinion shafts, suspension products, and valve bodies. Their customer base is diverse, spanning industries. happy forgings limited ipo stand out in India for their ability to manufacture high-precision safety-critical components, supplying leading OEMs in commercial vehicles, farm equipment, off-highway and industrial machinery, including oil and gas, power generation, railways, and wind turbine sectors. The tables below showcase the revenue from product sales in automotive and non-automotive sectors for the indicated years/periods.

Financial Overview

HFL is a top player, making crucial, intricate, and precisely machined components for diverse industries. It provides these products to well-known global original equipment manufacturers (OEMs). The company should have consistent growth in both its revenue and profits. Considering the annualized earnings for FY24, the investment seems reasonably valued. Investors might want to consider allocating funds for potential medium to long-term gains.