Happy Steels
Key Fundamentals
SMEPrice-based figures as of 13 Oct 2026, 15:29 IST · TTM
Tapetide Score
Data-driven rating, 0–100. How it works →
No Tapetide Score has been computed for this stock yet.
Key Insights
Strengths
2- Company has delivered good profit growth of 39.4% CAGR over last 5 years
- Debtor days have improved from 73.4 to 49.2 days.
Weaknesses
3- The company has delivered a poor sales growth of 4.13% over past five years.
- Company has a low return on equity of 13.0% over last 3 years.
- Company might be capitalizing the interest cost
Technical Indicators
Oscillators
Neutral
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 77.3 | 88.3 | 93.96 | 80.91 | 82.14 | 94.64 |
| Expenses | 72.79 | 85.52 | 88.78 | 71.17 | 74.03 | 81.21 |
| Operating Profit | 4.51 | 2.78 | 5.18 | 9.74 | 8.11 | 13.43 |
| OPM % | 5.83% | 3.15% | 5.51% | 12.04% | 9.87% | 14.19% |
| Other Income | -1.18 | 0.44 | 0.2 | 1.33 | 0.38 | 1.84 |
| Interest | 1.34 | 1.36 | 2.63 | 2.54 | 2.86 | 2.62 |
| Depreciation | 1.92 | 1.83 | 2.2 | 2.17 | 2.43 | 3.13 |
| PBT | 0.07 | 0.03 | 0.55 | 6.36 | 3.2 | 9.52 |
| Tax % | 71.43% | 100% | 21.82% | 26.42% | 26.88% | 25.42% |
| Net Profit | 0.03 | 0.01 | 0.43 | 4.69 | 2.34 | 7.1 |
| EPS (₹) | — | — | — | — | — | 6.76 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 10.5 |
| Reserves | 24.04 | 23.95 | 24.33 | 29.04 | 31.38 | 29.48 |
| Borrowings | 25.91 | 34.57 | 26.38 | 35.69 | 34.21 | 47.18 |
| Other Liabilities | 14.42 | 12.13 | 17.29 | 12.15 | 11.53 | 12.5 |
| Total Liabilities | 65.87 | 72.15 | 69.5 | 78.38 | 78.62 | 99.66 |
| Fixed Assets | 14.47 | 20.03 | 22.15 | 24.26 | 25.13 | 31.75 |
| CWIP | 4.68 | 3.09 | 0 | 0.22 | 2.66 | 8.46 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 46.72 | 49.03 | 47.35 | 53.9 | 50.83 | 59.45 |
| Total Assets | 65.87 | 72.15 | 69.5 | 78.38 | 78.62 | 99.66 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | 0 | 0 | 0 | -3.67 | 10.18 | 5.81 |
| Investing | 0 | 0 | 0 | -3.18 | -5.64 | -16.19 |
| Financing | 0 | 0 | 0 | 6.77 | -4.34 | 10.34 |
| Net Cash Flow | 0 | 0 | 0 | -0.08 | 0.2 | -0.04 |
| Free Cash Flow | 0 | 0 | 0 | -6.89 | 8.15 | -4.99 |
| CFO/OP | 0 | 0 | 0 | -23 | 134 | 60 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 102 | 84.9 | 90.59 | 99.74 | 71.23 | 49.21 |
| Inventory Days | 181 | 187 | 138 | 251 | 259 | 303 |
| Days Payable | 47.71 | 29.97 | 67.39 | 48.55 | 50.6 | 40.68 |
| Cash Conversion Cycle | 235 | 242 | 161 | 303 | 280 | 312 |
| Working Capital Days | 69.6 | 53.2 | 55.2 | 83.59 | 75.76 | 62.21 |
| ROCE % | — | 1.97% | 5.58% | 12.92% | 8.91% | 15.86% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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52 extracted metrics + investor summaries across FY21–FY26.
Documents
Frequently Asked Questions about Happy Steels
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Company Information
Incorporated in 1996, Happy Steel Limited is an integrated manufacturer of safety-critical, forged, and machined transmission and driveline components.[1]
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