Happy ForgingsNSE:HAPPYFORGE -0.37%46 Gross Margin % is 59.35% as of Mar. 2026, which is 28% above its 10-year median of 46.34. GuruFocus rates NSE:HAPPYFORGE with a GF Score™ of 46/100. The stock has 6 warning signs investors should review. Among 2,996 Industrial Products companies, Happy Forgings ranks better than 95.09% on this metric.
The historical rank and industry rank for Happy Forgings's Gross Margin % or its related term are showing as below:
NSE:HAPPYFORGE'
s Gross Margin % Range Over the Past 10 Years
Min: 42.45 Med: 46.34 Max: 59.14
Current: 59.14
During the past 6 years, the highestGross Margin % of Happy Forgings was 59.14%. The lowest was 42.45%. And the median was 46.34%.
NSE:HAPPYFORGE's Gross Margin % is ranked better than 95.09% of 2996
companies
in the Industrial Products industry
Industry Median: 26.8
vs NSE:HAPPYFORGE: 59.14
Happy Forgings had a gross margin of 59.35% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Happy Forgings was 1.10% per year.
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 Forgings had a gross margin of 59.35% 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 Forgings Gross Margin % Related Terms
Happy Forgings Gross Margin % Historical Data
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The historical data trend for Happy Forgings'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.
NSE:HAPPYFORGE vs CRS, ATI, MLI: Gross Margin % Comparison
For the Metal Fabrication subindustry, Happy Forgings'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 Forgings Gross Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Happy Forgings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Happy Forgings'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 Forgings (NSE:HAPPYFORGE) has a Gross Margin % of 59.35% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Happy Forgings and its competitors. This is 28% above median its historical median of 46.34. Over the past decade, Happy Forgings' Gross Margin % has ranged from 42.45 to 59.14. According to the industry distribution chart, Happy Forgings ranks #147 out of 2996 companies in the Industrial Products industry, placing it in the top 4.9%.
Is Happy Forgings' Gross Margin % too high?
Happy Forgings' current Gross Margin % of 59.35% is 28% above median its 10-year median of 46.34. Over the past 10 years, this metric has ranged from a low of 42.45 to a high of 59.14. The Industrial Products industry median Gross Margin % is 26.80. Happy Forgings' value of 59.35% is 121.5% above this industry median. Based on the distribution chart, Happy Forgings ranks #147 out of 2996 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Happy Forgings has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Happy Forgings' Gross Margin % compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Happy Forgings ranks #147 out of 2996 companies for Gross Margin %. This places Happy Forgings in the top 5% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.80. Happy Forgings' value of 59.35% is 121.5% above this benchmark. Historically, Happy Forgings' own Gross Margin % has ranged from 42.45 to 59.14 over the past decade. While the company's 10-year median is 46.34 vs. the industry median of 26.80, Happy Forgings 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 an Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.80, based on 2,996 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 Forgings's current Gross Margin % of 59.35% is 121.5% 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 Forgings and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Forgings's current Gross Margin % is 59.35%, which is 28% above median its own 10-year median of 46.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happy Forgings stock overvalued right now?
Happy Forgings (NSE:HAPPYFORGE) has a current Gross Margin % of 59.35%. The current Gross Margin % is 59.35%, which is 28% above median its 10-year median of 46.34 and 121.5% above the Industrial Products industry median of 26.80. Happy Forgings' overall GF Score™ is 46/100 with 6 warning signs 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 Forgings (NSE:HAPPYFORGE), the current Gross Margin % is 59.35% 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 Forgings Ltd is a manufacturer specializing in designing and manufacturing heavy forgings and high-precision machined components. The company manufactures, designs, and tests various products such as crankshafts, front axle carriers, steering knuckles, differential housings, transmission parts, pinion shafts, suspension products, and valve bodies for different industries and customers. The Company business comprises only the Forging segment where the company sells forged products comprising of forgings and machined components for the automotive and industrial sectors. The company generates the majority of its revenue within India.
46GF Score
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