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Happy Steels (HAPPY)₹66.000.00%Auto Components & Equipments
For the year to Mar 2026, sales were ₹94.36 Cr and net profit ₹7.12 Cr.
Company filings, standalone accounts
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 76.97 | 87.99 | 93.56 | 80.57 | 81.84 | 94.36 |
| Expenses | 72.78 | 85.57 | 88.90 | 71.18 | 74.04 | 81.27 |
| Operating Profit | 4.52 | 2.79 | 5.19 | 9.77 | 8.14 | 13.46 |
| OPM % | 5.8% | 3.1% | 5.5% | 12.0% | 9.8% | 14.1% |
| Other Income | −1.19 | 0.45 | 0.21 | 1.34 | 0.39 | 1.85 |
| Interest | 1.35 | 1.37 | 2.64 | 2.55 | 2.87 | 2.63 |
| Depreciation | 1.93 | 1.84 | 2.21 | 2.18 | 2.44 | 3.14 |
| Profit before tax | 0.06 | 0.02 | 0.54 | 6.34 | 3.19 | 9.49 |
| Tax % | 71.5% | 100.1% | 21.9% | 26.5% | 26.9% | 25.5% |
| Exceptional items | −0.99 | 0.00 | 0.00 | 1.99 | 0.00 | 0.00 |
| Net Profit | 0.04 | 0.02 | 0.44 | 4.70 | 2.35 | 7.12 |
| EPS (Rs) | — | — | — | — | — | 6.74 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | 10.51 |
| Reserves | 24.09 | 24.01 | 24.36 | 29.10 | 31.45 | 29.55 |
| Borrowings | 25.92 | 34.55 | 26.36 | 35.70 | 34.18 | 47.23 |
| Other Liabilities | 14.48 | 12.18 | 17.37 | 12.21 | 11.58 | 12.56 |
| Total Liabilities | 65.99 | 72.24 | 69.59 | 78.51 | 78.71 | 99.85 |
| Fixed Assets | 14.48 | 20.05 | 22.18 | 24.31 | 25.15 | 31.80 |
| CWIP | 4.67 | 3.08 | 0.00 | 0.21 | 2.65 | 8.45 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 46.84 | 49.11 | 47.41 | 53.99 | 50.91 | 59.60 |
| Inventories | 18.63 | 23.97 | 20.87 | 29.07 | 32.27 | 38.96 |
| Trade receivables | 21.68 | 20.58 | 23.36 | 22.15 | 16.07 | 12.79 |
| Cash & equivalents | 0.16 | 0.34 | 0.30 | 0.23 | 0.45 | 1.03 |
| Total Assets | 65.99 | 72.24 | 69.59 | 78.51 | 78.71 | 99.85 |
| Mar 2020 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from operating activity | — | −3.68 | 10.19 | 5.82 |
| Cash from investing activity | — | −3.17 | −5.63 | −16.16 |
| Cash from financing activity | — | 6.74 | −4.33 | 10.31 |
| Net cash flow | — | −0.07 | 0.19 | −0.03 |
| Capex | 3.04 | 4.90 | 2.71 | 8.14 |
| Free cash flow | — | −6.91 | 8.16 | −5.00 |
| CFO / OP % | — | −23.0% | 134.0% | 60.0% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor days | 102 | 85 | 91 | 100 | 71 | 49 |
| Inventory days | 181 | 187 | 138 | 251 | 259 | 303 |
| Days payable | 48 | 30 | 67 | 49 | 51 | 41 |
| Cash conversion cycle | 235 | 242 | 161 | 303 | 280 | 312 |
| Working capital days | 70 | 53 | 55 | 84 | 76 | 62 |
| ROCE % | — | 2.0% | 5.6% | 12.9% | 8.9% | 15.9% |
Happy Steels' sales for the year to Mar 2026 were ₹94.36 Cr.
Net profit for the year to Mar 2026 was ₹7.12 Cr. Earnings per share over the same trailing period were ₹6.74.
Happy Steels reported borrowings of ₹47.23 Cr at Mar 2026, against cash and equivalents of ₹1.03 Cr.
Cash from operations was ₹5.82 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹5 Cr.