Multiple growth drivers in place

Company

10 Mar 2025 | 5 Min Read

Happy Forgings has multiple growth drivers in place.

Diversification has helped offset demand weakness in core segments.

New order wins in the Industrials and PV segments.

Gradual revival in domestic and European CVs and tractors.

Valuations at 24.2x FY26E and 20.7x FY27E appear attractive.

Industrials segment to continue as a key growth driver.