Happy Steels Limited

Happy Steels Limited (HAPPY) is a micro-cap Automobile and Auto Components company valued at ₹101 crore operating in Auto Components & Equipments on the NSE and BSE.

Recent price move

Happy Steels Limited last traded at ₹70, sharply down 6.98% on the day.

Recent developments

2026-07-09: Happy Steels launched its IPO, marking a key milestone for the company as it seeks to raise capital through a SME IPO.

Financial performance

The company's business has improved significantly, with annual revenue rising 17.6% and net profit surging 203.4% year-over-year. The latest quarter shows a strong net profit margin of 7.5%, up 4.7 percentage points from the prior year, while return on equity and return on capital employed remain at 17.8% and 20.5% respectively.

Valuation multiples

The stock trades at 18.1 times earnings, 1.98 times book value.

Things to watch

The company has not paid out any dividends despite reporting repeated profits, which may raise concerns about its financial strategy. The stock is currently 27.3% below its 52-week high, indicating a significant drop from its recent peak.

Where it stands

Happy Steels Limited has shown strong growth in both revenue and net profit, with a notable improvement in net profit margin. The company's IPO launch marks a significant development, but its stock remains far below its 52-week high.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.