Happy ForgingsNSE:HAPPYFORGE -1.28%48 Net Margin % is 19.71% as of Mar. 2026, which is 3% above its 10-year median of 19.21. GuruFocus rates NSE:HAPPYFORGE with a GF Score™ of 48/100. The stock has 6 warning signs investors should review. Among 3,039 Industrial Products companies, Happy Forgings ranks better than 94.01% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Happy Forgings's Net Income for the
three
months ended in Mar. 2026 was ₹836 Mil. Happy Forgings's Revenue for the
three
months ended in Mar. 2026 was ₹4,238 Mil. Therefore, Happy Forgings's net margin for the quarter that ended in Mar. 2026 was 19.71%.
The historical rank and industry rank for Happy Forgings's Net Margin % or its related term are showing as below:
NSE:HAPPYFORGE'
s Net Margin % Range Over the Past 10 Years
Min: 15.76 Med: 19.21 Max: 19.55
Current: 19.51
NSE:HAPPYFORGE's Net Margin % is ranked better than 94.01% of 3039
companies
in the Industrial Products industry
Industry Median: 4.54
vs NSE:HAPPYFORGE: 19.51
Happy Forgings (NSE:HAPPYFORGE) Net Margin % Explanation
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 Forgings Net Margin % Related Terms
Happy Forgings Net Margin % Historical Data
* Premium members only.
The historical data trend for Happy Forgings'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.
NSE:HAPPYFORGE vs ATI, CRS, MLI: Net Margin % Comparison
For the Metal Fabrication subindustry, Happy Forgings'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 Forgings Net Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Happy Forgings's Net Margin % distribution charts can be found below:
* The bar in red indicates where Happy Forgings'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 Forgings (NSE:HAPPYFORGE) has a Net Margin % of 19.71% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Happy Forgings and its competitors. This is near median its historical median of 19.21. Over the past decade, Happy Forgings' Net Margin % has ranged from 15.76 to 19.55. According to the industry distribution chart, Happy Forgings ranks #182 out of 3039 companies in the Industrial Products industry, placing it in the top 6%.
Is Happy Forgings' Net Margin % too high?
Happy Forgings' current Net Margin % of 19.71% is near median its 10-year median of 19.21. Over the past 10 years, this metric has ranged from a low of 15.76 to a high of 19.55. The Industrial Products industry median Net Margin % is 4.54. Happy Forgings' value of 19.71% is 334.1% above this industry median. Based on the distribution chart, Happy Forgings ranks #182 out of 3039 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 48/100, reflecting its overall financial health beyond just this single metric.
How does Happy Forgings' Net Margin % compare to ATI and CRS?
According to the Industrial Products industry distribution chart, Happy Forgings ranks #182 out of 3039 companies for Net Margin %. This places Happy Forgings in the top 6% of its industry — outperforming the majority of peers. The industry median Net Margin % is 4.54. Happy Forgings' value of 19.71% is 334.1% above this benchmark. Historically, Happy Forgings' own Net Margin % has ranged from 15.76 to 19.55 over the past decade. While the company's 10-year median is 19.21 vs. the industry median of 4.54, 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 Net Margin % for an Industrial Products company?
The median Net Margin % among Industrial Products companies is 4.54, based on 3,039 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 Forgings's current Net Margin % of 19.71% is 334.1% 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 Forgings and its competitors. For the Industrial Products industry, the median Net Margin % is 4.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Forgings's current Net Margin % is 19.71%, which is near median its own 10-year median of 19.21. 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 Net Margin % of 19.71%. The current Net Margin % is 19.71%, which is near median its 10-year median of 19.21 and 334.1% above the Industrial Products industry median of 4.54. Happy Forgings' overall GF Score™ is 48/100 with 6 warning signs 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 Forgings (NSE:HAPPYFORGE), the current Net Margin % is 19.71% 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.
48GF Score
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