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Happy SteelsNSE:HAPPY -1.17%19 Net Margin % is 6.59% as of Mar. 2026, which is 52% above its 10-year median of 4.33. GuruFocus rates NSE:HAPPY with a GF Score™ of 19/100. The stock has 1 warning sign investors should review. Among 1,329 Vehicles & Parts companies, Happy Steels ranks better than 74.34% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Happy Steels's Net Income for the
six
months ended in Mar. 2026 was ₹31.7 Mil. Happy Steels's Revenue for the
six
months ended in Mar. 2026 was ₹481.3 Mil. Therefore, Happy Steels's net margin for the quarter that ended in Mar. 2026 was 6.59%.
The historical rank and industry rank for Happy Steels's Net Margin % or its related term are showing as below:
NSE:HAPPY'
s Net Margin % Range Over the Past 10 Years
Min: 0.43 Med: 4.33 Max: 7.5
Current: 7.5
NSE:HAPPY's Net Margin % is ranked better than 74.34% of 1329
companies
in the Vehicles & Parts industry
Industry Median: 3.26
vs NSE:HAPPY: 7.50
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Happy Steels Net Margin % Related Terms
Happy Steels Net Margin % Historical Data
* Premium members only.
The historical data trend for Happy Steels's Net 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 Net Margin % Chart
Happy Steels Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Net Margin %
0.43
5.80
2.85
7.50
Happy Steels Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Mar26
Net Margin %
0.00
0.00
0.00
8.45
6.59
NSE:HAPPY vs ORLY, AZO, GPC: Net Margin % Comparison
For the Auto Parts subindustry, Happy Steels's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Happy Steels's Net Margin % distribution charts can be found below:
* The bar in red indicates where Happy Steels's Net 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.
Happy Steels (NSE:HAPPY) has a Net Margin % of 6.59% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Happy Steels and its competitors. This is 52% above median its historical median of 4.33. Over the past decade, Happy Steels' Net Margin % has ranged from 0.43 to 7.50. According to the industry distribution chart, Happy Steels ranks #341 out of 1329 companies in the Vehicles & Parts industry, placing it in the top 25.7%.
Is Happy Steels' Net Margin % too high?
Happy Steels' current Net Margin % of 6.59% is 52% above median its 10-year median of 4.33. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 7.50. The Vehicles & Parts industry median Net Margin % is 3.26. Happy Steels' value of 6.59% is 102.1% above this industry median. Based on the distribution chart, Happy Steels ranks #341 out of 1329 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Happy Steels has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Happy Steels' Net Margin % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Happy Steels ranks #341 out of 1329 companies for Net Margin %. This puts Happy Steels in the upper half of its industry. The industry median Net Margin % is 3.26. Happy Steels' value of 6.59% is 102.1% above this benchmark. Historically, Happy Steels' own Net Margin % has ranged from 0.43 to 7.50 over the past decade. While the company's 10-year median is 4.33 vs. the industry median of 3.26, 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 Net Margin % for a Vehicles & Parts company?
The median Net Margin % among Vehicles & Parts companies is 3.26, based on 1,329 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Happy Steels's current Net Margin % of 6.59% is 102.1% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Happy Steels and its competitors. For the Vehicles & Parts industry, the median Net Margin % is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Steels's current Net Margin % is 6.59%, which is 52% above median its own 10-year median of 4.33. 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 Net Margin % of 6.59%. The current Net Margin % is 6.59%, which is 52% above median its 10-year median of 4.33 and 102.1% above the Vehicles & Parts industry median of 3.26. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Happy Steels (NSE:HAPPY), the current Net Margin % is 6.59% 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
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