Happy Forgings Future Growth
Future criteria checks 4/6
Happy Forgings is forecast to grow earnings and revenue by 22.2% and 17.6% per annum respectively. EPS is expected to grow by 21.5% per annum. Return on equity is forecast to be 19.4% in 3 years.
Key information
22.2%
Earnings growth rate
21.5%
EPS growth rate
| Machinery earnings growth | 16.6% |
| Revenue growth rate | 17.6% |
| Future return on equity | 19.4% |
| Analyst coverage | Low |
| Last updated | 09 Aug 2024 |
Recent future growth updates
No updates
Recent updates
Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 3/31/2027 | 21,979 | 4,354 | 2,080 | N/A | 1 |
| 3/31/2026 | 19,375 | 3,992 | 1,139 | N/A | 2 |
| 3/31/2025 | 15,729 | 3,003 | 1,262 | N/A | 2 |
| 6/30/2024 | 13,699 | 2,427 | N/A | N/A | N/A |
| 3/31/2024 | 13,582 | 2,430 | -51 | 1,890 | N/A |
| 12/31/2023 | 13,174 | 2,279 | N/A | N/A | N/A |
| 9/30/2023 | 12,696 | 2,116 | 324 | 2,198 | N/A |
| 6/30/2023 | 12,265 | 2,145 | N/A | N/A | N/A |
| 3/31/2023 | 11,965 | 2,087 | 349 | 2,095 | N/A |
| 3/31/2022 | 8,600 | 1,423 | -1,105 | 803 | N/A |
| 3/31/2021 | 5,850 | 864 | -418 | 499 | N/A |
| 3/31/2020 | 5,581 | 799 | 674 | 1,687 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HAPPYFORGE's forecast earnings growth (22.2% per year) is above the savings rate (6.7%).
Earnings vs Market: HAPPYFORGE's earnings (22.2% per year) are forecast to grow faster than the Indian market (17.1% per year).
High Growth Earnings: HAPPYFORGE's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HAPPYFORGE's revenue (17.6% per year) is forecast to grow faster than the Indian market (10.1% per year).
High Growth Revenue: HAPPYFORGE's revenue (17.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HAPPYFORGE's Return on Equity is forecast to be low in 3 years time (19.4%).