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Happy SteelsNSE:HAPPY -0.32%12 Operating Margin % is 0.00% as of Mar. 2026. GuruFocus rates NSE:HAPPY with a GF Score™ of 12/100. Among 1,319 Vehicles & Parts companies, Happy Steels ranks worse than 75814.94% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Happy Steels's Operating Income for the
three
months ended in Mar. 2026 was ₹0.0 Mil. Happy Steels's Revenue for the
three
months ended in Mar. 2026 was ₹0.0 Mil. Therefore, Happy Steels's Operating Margin % for the quarter that ended in Mar. 2026 was 0.00%.
The historical rank and industry rank for Happy Steels's Operating Margin % or its related term are showing as below:
NSE:HAPPY's Operating Margin % is not ranked *
in the Vehicles & Parts industry.
Industry Median: 4.89 * Ranked among companies with meaningful Operating Margin % only.
Happy Steels's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
Happy Steels's Operating Income for the
three
months ended in Mar. 2026 was ₹0.0 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹0.0 Mil.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Happy Steels Operating Margin % Related Terms
Happy Steels Operating Margin % Historical Data
* Premium members only.
The historical data trend for Happy Steels's Operating 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 Operating Margin % Chart
Happy Steels Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Operating Margin %
3.22
9.36
7.66
11.36
Happy Steels Quarterly Data
Mar23
Mar24
Mar25
Sep25
Mar26
Operating Margin %
0.00
0.00
0.00
0.00
0.00
NSE:HAPPY vs ORLY, AZO: Operating Margin % Comparison
For the Auto Parts subindustry, Happy Steels's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Happy Steels's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Happy Steels's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Happy Steels's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as
* 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 Operating Margin % of 0.00% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Happy Steels and its competitors. Over the past decade, Happy Steels' Operating Margin % has ranged from 3.22 to 11.36. According to the industry distribution chart, Happy Steels ranks #999999 out of 1319 companies in the Vehicles & Parts industry.
Is Happy Steels' Operating Margin % too high?
Happy Steels' current Operating Margin % is 0.00%. Over the past 10 years, this metric has ranged from a low of 3.22 to a high of 11.36. Based on the distribution chart, Happy Steels ranks #999999 out of 1319 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Happy Steels has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Happy Steels' Operating Margin % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Happy Steels ranks #999999 out of 1319 companies for Operating Margin %. This places Happy Steels in the lower half of its industry. The industry median Operating Margin % is 4.89. Historically, Happy Steels' own Operating Margin % has ranged from 3.22 to 11.36 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Vehicles & Parts company?
The median Operating Margin % among Vehicles & Parts companies is 4.89, based on 1,319 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Happy Steels and its competitors. For the Vehicles & Parts industry, the median Operating Margin % is 4.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Steels's current Operating Margin % is 0.00%. 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 Operating Margin % of 0.00%. The current Operating Margin % is 0.00%. Happy Steels' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Happy Steels (NSE:HAPPY), the current Operating Margin % is 0.00% 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.
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