Rs 140,00,00,000 Order Win: Heavy Forging Company Secures Order to Supply Crankshafts for the Domestic Passenger Vehicle Segment
The company's shares have an ROE of 23.5 per cent and an ROCE of 26.2 per cent.
Happy Forgings Limited (HFL), a leading manufacturer of complex, safety-critical forged and precision-machined components in India, announced the receipt of an order for supplying crankshafts for the passenger vehicle segment. This initial order for the crankshaft component is valued at approximately Rs 140 crore, spanning the period from FY26 to FY31.
Deliveries are scheduled to begin in FY26, following the successful completion of testing and approval processes. Peak annual revenues under this order are expected to reach Rs 27 crore. Depending on the sales performance of the vehicles using the crankshaft, a subsequent order could potentially double the supply volumes starting in FY28, increasing peak annual revenues to over Rs 50 crore.
HFL’s investments in state-of-the-art manufacturing capabilities have positioned it to meet the growing demand for high-precision components from both global and domestic automotive OEMs. This order marks a significant step in HFL’s expansion within the passenger vehicle segment, reinforcing its reputation as a trusted supplier of critical components. By combining precision engineering with cost-effectiveness, HFL continues to solidify its leadership in the automotive components manufacturing industry.
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About Happy Forgings Limited
The Company is one of the largest engineering-led manufacturers of complex and safety-critical, heavy forged and high precision machined components in India in terms of forgings capacity. The Company through its vertically integrated operations is engaged in engineering, process design, testing, manufacturing, and supply of a variety of components that are both margin accretive and value additive.
The company primarily caters to domestic and global original equipment manufacturers (OEMs) manufacturing commercial vehicles and passenger vehicles in the automotive sector, while in the non-automotive sector, caters to manufacturers of farm equipment, off-highway vehicles and manufacturers of industrial equipment and machinery for oil and gas, power generation, railways and wind turbine industries. The company has a market cap of over Rs 9,000 crore. The company's shares have an ROE of 23.5 per cent and an ROCE of 26.2 per cent. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.