Happy ForgingsNSE:HAPPYFORGE +0.66%46 Pretax Margin % is 26.20% as of Mar. 2026, which is 0% above its 10-year median of 26.10. GuruFocus rates NSE:HAPPYFORGE with a GF Score™ of 46/100. The stock has 6 warning signs investors should review. Among 3,032 Industrial Products companies, Happy Forgings ranks better than 95.38% on this metric.
The historical rank and industry rank for Happy Forgings's Pretax Margin % or its related term are showing as below:
NSE:HAPPYFORGE'
s Pretax Margin % Range Over the Past 10 Years
Min: 21.34 Med: 26.1 Max: 28.25
Current: 26
NSE:HAPPYFORGE's Pretax Margin % is ranked better than 95.38% of 3032
companies
in the Industrial Products industry
Industry Median: 5.83
vs NSE:HAPPYFORGE: 26.00
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Happy Forgings Pretax Margin % Related Terms
Happy Forgings Pretax Margin % Historical Data
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The historical data trend for Happy Forgings's Pretax 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: Pretax Margin % Comparison
For the Metal Fabrication subindustry, Happy Forgings's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Happy Forgings's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Happy Forgings's Pretax 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 Pretax Margin % of 26.20% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Happy Forgings and its competitors. This is near median its historical median of 26.10. Over the past decade, Happy Forgings' Pretax Margin % has ranged from 21.34 to 28.25. According to the industry distribution chart, Happy Forgings ranks #140 out of 3032 companies in the Industrial Products industry, placing it in the top 4.6%.
Is Happy Forgings' Pretax Margin % too high?
Happy Forgings' current Pretax Margin % of 26.20% is near median its 10-year median of 26.10. Over the past 10 years, this metric has ranged from a low of 21.34 to a high of 28.25. The Industrial Products industry median Pretax Margin % is 5.83. Happy Forgings' value of 26.20% is 349.4% above this industry median. Based on the distribution chart, Happy Forgings ranks #140 out of 3032 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' Pretax Margin % compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Happy Forgings ranks #140 out of 3032 companies for Pretax Margin %. This places Happy Forgings in the top 5% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 5.83. Happy Forgings' value of 26.20% is 349.4% above this benchmark. Historically, Happy Forgings' own Pretax Margin % has ranged from 21.34 to 28.25 over the past decade. While the company's 10-year median is 26.10 vs. the industry median of 5.83, 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 Pretax Margin % for an Industrial Products company?
The median Pretax Margin % among Industrial Products companies is 5.83, based on 3,032 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Happy Forgings's current Pretax Margin % of 26.20% is 349.4% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Happy Forgings and its competitors. For the Industrial Products industry, the median Pretax Margin % is 5.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Forgings's current Pretax Margin % is 26.20%, which is near median its own 10-year median of 26.10. 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 Pretax Margin % of 26.20%. The current Pretax Margin % is 26.20%, which is near median its 10-year median of 26.10 and 349.4% above the Industrial Products industry median of 5.83. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Happy Forgings (NSE:HAPPYFORGE), the current Pretax Margin % is 26.20% 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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