Happy Forgings Limited
HAPPYFORGE
Rank in Stocks
#6278
Established in Ludhiana, India, in 1979, Happy Forgings Limited is an Indian... Established in Ludhiana, India, in 1979, Happy Forgings Limited is an Indian company dedicated to the manufacturing of diverse forged and precision-machined components. Its extensive product range encompasses a wide array of heavy-duty parts, including crucial engine and transmission components like crankshafts, connecting rods, and differential cases, as well as chassis elements such as front axle beams and steering knuckles. The company's offerings also span other specialized items, from bicycle pedals to intricate valve bodies. Happy Forgings serves a broad spectrum of industries, supplying its essential products to manufacturers of heavy commercial vehicles, agricultural machinery, and off-highway and industrial equipment. Furthermore, its components are integral to machinery utilized in demanding sectors such as oil and gas, aerospace, defense, power generation, railways, and wind turbine industries. Demonstrating a global reach, Happy Forgings also exports its manufactured goods to numerous international markets, including Brazil, Italy, Japan, Spain, Sweden, Thailand, Turkey, the United Kingdom, and the United States.
Share Price
$19.18
Last synced: 2026-11-09
Market Cap
$1.81B
Change (1 day)
6.92%
Change (1 year)
69.08%
Country
Stock data: Financial Modeling PrepΒ·Updated Β·Not investment adviceΒ·How we calculate this
Trade Happy Forgings Limited (HAPPYFORGE)
Category
Industrials
Operating Margin for Happy Forgings Limited (HAPPYFORGE)
Operating Margin as of November 2026 TTM: 25.32%
According to Happy Forgings Limited's latest financial reports, its current operating margin (TTM) is 25.32%. At the end of 2025 the company had an operating margin of 25.45%.
Operating Margin history for Happy Forgings Limited from 2020 to 2026
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2026 (TTM) | 25.32% | -0.51% |
| 2025 | 25.45% | -44.26% |
| 2024 | 45.66% | -0.78% |
| 2023 | 46.02% | 89.15% |
| 2022 | 24.33% | 14.12% |
| 2021 | 21.32% | 4.36% |
| 2020 | 20.43% | 0.00% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin Difference | Country |
|---|---|---|---|
| 16.62% | -99.34% |
US
|
|
| 20.78% | -99.18% |
US
|
|
| 11.12% | -99.56% |
CN
|
|
| 6.24% | -99.75% |
CN
|
|
| 18.64% | -99.26% |
IN
|
What is a company's Operating Margin?
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.
Questions about Happy Forgings Limited's operating margin
What is Happy Forgings Limited's operating margin?
Happy Forgings Limited's operating margin is 25.32%, as of Nov 2026.
What was Happy Forgings Limited's operating margin in 2025?
In 2025, Happy Forgings Limited's operating margin was 25.45%, compared with 45.66% in 2024.
How has Happy Forgings Limited's operating margin changed since 2020?
From 2020 to 2025, Happy Forgings Limited's operating margin was highest in 2023 (46.02%) and lowest in 2020 (20.43%).
How does Happy Forgings Limited's operating margin compare with similar companies?
Happy Forgings Limited's operating margin (25.32%) is higher than that of all 5 similar companies listed above. The highest among them is Mueller Industries, Inc., with 20.78%.