Rs 500,00,00,000 order victory & DIIs increase stake: This castings & forgings company receives order to supply brake flanges for US utility vehicles under a multi-year contract!

The company's shares have an ROE of 23.5 per cent and an ROCE of 26.2 per cent.

Happy Forgings Limited (HFL) secured a significant order worth approximately Rs 500 crore to supply brake flanges for passenger vehicles (utility vehicles/pickup trucks) to a leading international Tier-1 manufacturer of automobile driveline components and systems. The contract starts in Q4 of FY 2026 or Q1 of FY 2027 and extends until December 2034, with HFL supplying Rs 60-70 crore worth of brake flanges annually. This marks HFL's entry into the US Passenger Vehicles segment and strengthens its position as a trusted supplier of complex and safety-critical components for the automotive industry. The order bolsters HFL's export share, product diversification, and geographic revenue spread.

Today, one of the Top Gainers on BSE, shares of Happy Forgings Limited gained 7.33 per cent to an intraday high of Rs 970.90 share from its previous closing of Rs 904.80. The shares of the company have a 52-week high of Rs 1,087.35 and its 52-week low is Rs 813.55

Also Read: Artificial Intelligence (AI) revolutionizing healthcare: A look at the present and future!

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 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 8,900 crore. The company's shares have an ROE of 23.5 per cent and an ROCE of 26.2 per cent. As of March 2024, DIIs have increased thier stake to 16.92 per cent compared to 5.83 per cent in December 2023. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.