Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Happy SteelsNSE:HAPPY -1.17%19 Gross Margin % is 42.50% as of Mar. 2026, which is 9% above its 10-year median of 38.97. GuruFocus rates NSE:HAPPY with a GF Score™ of 19/100. The stock has 1 warning sign investors should review. Among 1,318 Vehicles & Parts companies, Happy Steels ranks better than 88.16% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Happy Steels had a gross margin of 42.50% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Happy Steels Gross Margin % Related Terms
Happy Steels Gross Margin % Historical Data
* Premium members only.
The historical data trend for Happy Steels's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Happy Steels Gross Margin % Chart
Happy Steels Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Gross Margin %
34.57
41.12
36.81
42.08
Happy Steels Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Mar26
Gross Margin %
0.00
0.00
0.00
41.64
42.50
NSE:HAPPY vs ORLY, AZO, GPC: Gross Margin % Comparison
For the Auto Parts subindustry, Happy Steels's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Happy Steels Gross Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Happy Steels's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Happy Steels's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Happy Steels (NSE:HAPPY) has a Gross Margin % of 42.50% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Happy Steels and its competitors. This is near median its historical median of 38.97. Over the past decade, Happy Steels' Gross Margin % has ranged from 34.57 to 42.08. According to the industry distribution chart, Happy Steels ranks #156 out of 1318 companies in the Vehicles & Parts industry, placing it in the top 11.8%.
Is Happy Steels' Gross Margin % too high?
Happy Steels' current Gross Margin % of 42.50% is near median its 10-year median of 38.97. Over the past 10 years, this metric has ranged from a low of 34.57 to a high of 42.08. The Vehicles & Parts industry median Gross Margin % is 20.02. Happy Steels' value of 42.50% is 112.3% above this industry median. Based on the distribution chart, Happy Steels ranks #156 out of 1318 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Happy Steels has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Happy Steels' Gross Margin % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Happy Steels ranks #156 out of 1318 companies for Gross Margin %. This places Happy Steels in the top 12% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 20.02. Happy Steels' value of 42.50% is 112.3% above this benchmark. Historically, Happy Steels' own Gross Margin % has ranged from 34.57 to 42.08 over the past decade. While the company's 10-year median is 38.97 vs. the industry median of 20.02, Happy Steels has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 20.02, based on 1,318 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Happy Steels's current Gross Margin % of 42.50% is 112.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Happy Steels and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 20.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Steels's current Gross Margin % is 42.50%, which is near median its own 10-year median of 38.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happy Steels stock overvalued right now?
Happy Steels (NSE:HAPPY) has a current Gross Margin % of 42.50%. The current Gross Margin % is 42.50%, which is near median its 10-year median of 38.97 and 112.3% above the Vehicles & Parts industry median of 20.02. Happy Steels' overall GF Score™ is 19/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Happy Steels (NSE:HAPPY), the current Gross Margin % is 42.50% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Happy Steels Ltd is an integrated manufacturer of Forged and Machined Transmission and Driveline components for On-highway vehicles, Off-highway vehicles, EVs, and defence applications. The company's product portfolio consists of axles, long spline shafts, spindles, and other related components. The majority of the company's revenue is derived from the sale of its products, mainly Axles, in the domestic markets.
19GF Score
Get the complete analysis for NSE:HAPPY
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:HAPPY has been successfully added to your 
