FINANCE

OPENS:  19/12/23

Worth Investing?

-by Aviion Business

HAPPY FORGING LTD IPO

Incorporated in July 1979, it specializes in the design and manufacture of heavy forgings and high-precision machined components. The company’s product portfolio includes a range of items including crankshafts, front axle carriers, steering knuckles, differential housings, transmission parts, pinion shafts, suspension products. The company has a customer base that spans both domestic and international markets, including countries such as Brazil, Italy, Japan, Spain, Sweden, Thailand, Turkey, the United Kingdom, and the United States of America.

ABOUT:

FINANCIALS:

PARTICULARS

2023

2022

2021

Total Assets

EBITDA

Total Revenue

876

1326

1130

1202

208

142

23

16

86

340

230

158

9.5

866

590

EPS

Profit aft Tax

RISK FACTORS:

Customer Dependence: The company’s heavy reliance on its top 10 customers poses a risk, as losing any could significantly impact revenue and stability. Raw Material Supply: Dependency on a few steel suppliers without fixed agreements, posing risks of supply disruptions and increased operational costs. Financial Liabilities: Significant debt with stringent repayment terms; non-compliance could lead to financial constraints and impact business growth.

JONATHAN MAJORS ARRESTED?

DAWOOD DEAD OR ALIVE?