Happy Forging Limited · NSE:HAPPYFORGE
Happy Forging — Happy Forgings — Investor Presentation (November 2024)
29 slides from Happy Forging's investor presentation, Nov 12, 2024
Slide 1: Corporate Presentation
= HAPPY FORGINGS LIMITED Corporate Presentation
Slide 2: About Us
About Us 1 Top-Ranked Manufacturer 3 Integrated Excellence The fourth-largest We cover engineering, engineering-led process design, testing, manufacturer of manufacturing and complex and supply safety-critical, heavy forged and machined products in India 2 45 Years of Expertise 4 Global Presence Spe
Slide 3: Our Vision and Values
Our Vision To be amongst the top 10 forging and machining companies globally Our Values Stay at the forefront of technology Deliver more than promised Respect and encourage people Inspire innovation and creativity Care for the environment and society 3
Slide 4: Experienced Promoters And Senior Management
Experienced Promoters And Senior Management Paritosh Kumar Garg Narinder Singh Juneja Chairman & Managing Director CEO & Whole - Time Director • ~45 years of experience in industrial sector • 50+ years of experience in industrial sector • Bachelor’s Degree in Arts, S.C. Dhawan Government • Post Dipl
Slide 5: Seasoned Board
Seasoned Board Satish Sekhri Rajeswari Karthigeyan Independent Director Independent Director • 48+ years of experience in the field of sales and • 30+ years of experience in the credit ratings sector (Ex CRISIL) marketing and the industrial sector • On the Board of Craftsman Automation and Belstar •
Slide 6: Our Journey
Our Journey YEAR YEAR YEAR YEAR YEAR 1979 - 2005 YEAR 2010 - 2015 YEAR 2020 - 2022 YEAR 2024 - 2025 1979 2008 2017-2018 2023 Heavy-duty Expanded machining Installed 8 Installed 6,300 ton hammers Initiated installation capacity - Entered Commissioned the single-piece flow HFL achieved a press. Plans
Slide 7: Global Footprints
Global Footprints Our business footprint extends across geographies. HFL serves customers across ten countries: Sweden United Kingdom Germany United States Spain Italy Türkiye Japan Thailand Brazil ▪ Brazil ▪ Italy ▪ Japan ▪ Spain ▪ Germany ▪ Sweden ▪ Thailand ▪ Turkey ▪ United Kingdom ▪ USA 7
Slide 8: Product Expanse
Product Expanse Front Axle Components Crankshaft Suspension Products 8
Slide 9: Product Expanse
Product Expanse Cap End Covers, Planetary Carriers, Pinion Shafts Differential Case Railway Parts Transmission Parts Bucket Link and Housing Articulated Joint Valve Bodies 9
Slide 10: Product Applications
Product Applications Commercial SUVs Farm Equipment Railways Vehicles Off - Highway Power Oil and Gas Wind 10
Slide 11: Commercial Vehicles and Sports Utility Vehicles
Commercial Vehicles Differential Front Axle Component Case Rear Axle Crankshaft Suspension Products Component Sports Utility Vehicles Crankshaft Brake eAxle Flange Components 11
Slide 12: Farm Equipment and Off Highway
Farm Equipment Crankshaft Crown Wheel Axle Shaft Pinion Off Highway Crankshaft Bucket Link 12
Slide 13: Power Generation and Windmill Application
Power Generation Crankshaft Windmill Application Housing Output Shaft Planet Carrier 13
Slide 14: Oil and Gas Industry and Railway
Oil and Gas Industry Valve Bodies Railway Piston Pin Connecting Rod 14
Slide 15: Industry-wise Revenue Split
Industry-wise Revenue Split Industrial Commercial Off-Highway 12% Vehicles Vehicles 13% 42% 31% 1% Farm Passenger Equipment Vehicles Commercial Vehicles Passenger Vehicles Farm Equipment Off-Highway Vehicles Industrial For FY24 (%) Note: Commenced supplies of machined components for Passenger Vehicl
Slide 16: Business Units
Business Units Total Forging Capacity* 1,27,000 MT Total Machining Capacity* Kanganwal I (Ludhiana) Kanganwal II (Ludhiana) Dugri (Ludhiana) 57,000 MT Started in 1995 184,765 Sq. ft. Started in 2006 439,128 sq. ft. Started in 2021 1,771,208 sq. ft. Significant investments in Fungible product lines s
Slide 17: Facilities
Facilities Forging • One 14,000 ton mechanical forging press • Three 8,000 ton mechanical forging presses • One 4,000 ton mechanical forging press • One 2,500 ton forging screw press • One 6,300 ton mechanical forging press • One 6 ton pneumatic hammer • Seven drop hammers ranging from 1.5 ton to 4.
Slide 18: Machining
Machining We have dedicated lines for: • Crankshafts to manufacture over 1 million products per annum • Front Steering Knuckles to manufacture over 2,00,000 products per annum • Differential Cases to manufacture over 2,00,000 products per annum • Gear Blank Turning & Machined Hubs to manufacture ove
Slide 19: Die Design and Manufacturing
Die Design and Manufacturing • Investment in CAD/CAM packages like Uni Graphics, Solid Works, Work NC for efficiency and repeatability in die cuts • Utilization of advanced 3D simulation software such as Vera Cad and Forge NxT 3.2 • Transvalor to develop parts offline and optimize the forging proces
Slide 20: Metallurgical Facility
Metallurgical Facility • Thermo Fisher Spectrometer for elemental analysis of raw materials and finished products • Advanced image analyser software and microscope to perform detailed analysis of the microstructure of our products • Olympus Digital Microscope for high-resolution imaging and analysis
Slide 21: Heat Treatment Facilities
Heat Treatment Facilities • Continuous Hardening & Tempering Quench Type Furnace with 4-ton capacity, temperature controls and SCADA software • Ultra-Modern Hardening & Tempering Furnace with a polymer quenching facility and a capacity of 2 tons per hour • ISO thermal chamber for uniform heating and
Slide 22: Inspection and Quality Control
Inspection and Quality Control • Coordinate Measuring Machines (CMM), including a Mitutoyo machine from Japan and a ZEISS machine • Profile Projectors from Mitutoyo in Japan • Contracer cum Roughness Tester, exclusively for checking roughness on fillet area of crankshaft, from Mahr in Germany • Surf
Slide 23: Sustainability
Sustainability 1 2 3 4 5 MW solar power Implementation of 1,600 Halogen lights replaced Heat Treatment Facility plants installed at kVAR Hybrid APFC Panel with LED fixtures for redesigned, transitioning manufacturing facilities for improved power factor reduced electricity to cleaner LPG consumption
Slide 24: Process Flow Chart
Process Flow Chart Covered Raw Billet Cutting Metallurgical Material Yard Section Testing Lab Machining Heat Treatment Control Cooling Forging Packaging & Standard Room Final Inspection Dispatch 25
Slide 25: Yearly Revenue Evolution
Yearly Revenue Evolution (Rs. Crs.) 1,600 14% 39% 1,400 1,200 47% 1,000 800 1,358 1,197 600 860 400 585 200 0 FY21 FY22 FY23 FY24 Revenue from Operations YoY Sales Growth 26
Slide 26: Certifications
Certifications IATF 16949:2016 ISO 45001:2018 Quality Management System Occupational Health & Certification for Automotive Suppliers Safety Management System ISO 9001:2015 ISO 14001:2015 Quality Management System Environment Management System 27
Slide 27: Quality Management
Quality Management Ensuring precision component manufacturing adheres to strict quality standards Regular inspections by customer representatives to align with requirements and expectations Thorough inspections at each manufacturing phase to identify and rectify defects Holding ISO 14001:2015 and IA
Slide 28: Awards
Awards Gold award for “Superlative Performance in Agility” – 2024 Ashok Leyland Supplier Summit Received Next Level Quality award by Generac – 2023 (Received in 2024) 2024 Received Best Quality Award by Escorts Kubota Limited (2024) Received Supplier Excellence Award for “Quality Performance” by Ame
Slide 29: Contact Us
Contact Us marketing@happyforgingsltd.com BXXIX-2254/1, Kanganwal Road, P. O. 0161-5000551 recruitment@happyforgingsltd.com Jugiana, Ludhiana, Punjab, India – 141120
Happy Forgings — Investor Presentation (November 2024) on 6ix