Happy Steels (NSE:HAPPY) Interest Coverage: N/A (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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NSE:HAPPY Happy Steels Ltd NSE:HAPPY
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Price ₹62.25
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What is Happy Steels Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Happy Steels's Operating Income for the three months ended in Mar. 2026 was ₹0.0 Mil. Happy Steels's Interest Expense for the three months ended in Mar. 2026 was ₹0.0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Happy Steels's Interest Coverage or its related term are showing as below:


NSE:HAPPY's Interest Coverage is not ranked *
in the Vehicles & Parts industry.
Industry Median: 8.41
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Happy Steels  (NSE:HAPPY) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Happy Steels Interest Coverage Related Terms

Happy Steels Interest Coverage Historical Data

* Premium members only.

The historical data trend for Happy Steels's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Happy Steels Interest Coverage Chart

Happy Steels Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Interest Coverage
7.62 15.58 15.96 18.40

Happy Steels Quarterly Data
Mar23 Mar24 Mar25 Sep25 Mar26
Interest Coverage N/A N/A N/A N/A N/A

NSE:HAPPY vs ORLY, AZO: Interest Coverage Comparison

For the Auto Parts subindustry, Happy Steels's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Happy Steels's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Happy Steels's Interest Coverage falls into.


NSE:HAPPY
12GF Score
Happy Steels Ltd NSE:HAPPY
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Happy Steels Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Happy Steels's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Happy Steels's Interest Expense was ₹-5.8 Mil. Its Operating Income was ₹107.5 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹166.0 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*107.476/-5.841
=18.40

Happy Steels's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Happy Steels's Interest Expense was ₹0.0 Mil. Its Operating Income was ₹0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹166.0 Mil.

GuruFocus does not calculate Happy Steels's interest coverage with the available data.

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Happy Steels Business Description

Address Kanganwal Road, Jaspal Banger, Ludhiana, PB, IND, 141122
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.
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