Pioneer Cement (KAR:PIOC) Gross Margin %: 29.04% (As of Mar. 2026) — Near Median


KAR:PIOC Pioneer Cement Ltd KAR:PIOC
84 GF Score
Price ₨273.85
GF Value ₨134.39
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Pioneer Cement Gross Margin %?

Pioneer Cement KAR:PIOC 84 Gross Margin % is 29.04% as of Mar. 2026, which is 8% above its 10-year median of 26.90. GuruFocus rates KAR:PIOC with a GF Score™ of 84/100 and a GF Value™ of ₨134.39 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 397 Building Materials companies, Pioneer Cement ranks better than 56.42% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Pioneer Cement's Gross Profit for the three months ended in Mar. 2026 was ₨2,916 Mil. Pioneer Cement's Revenue for the three months ended in Mar. 2026 was ₨10,042 Mil. Therefore, Pioneer Cement's Gross Margin % for the quarter that ended in Mar. 2026 was 29.04%.


The historical rank and industry rank for Pioneer Cement's Gross Margin % or its related term are showing as below:

KAR:PIOC' s Gross Margin % Range Over the Past 10 Years
Min: -1.64   Med: 26.9   Max: 42.76
Current: 28.86


During the past 13 years, the highest Gross Margin % of Pioneer Cement was 42.76%. The lowest was -1.64%. And the median was 26.90%.

KAR:PIOC's Gross Margin % is ranked better than
56.42% of 397 companies
in the Building Materials industry
Industry Median: 26.2 vs KAR:PIOC: 28.86

Pioneer Cement had a gross margin of 29.04% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Pioneer Cement was 0.00% per year.


Pioneer Cement  (KAR:PIOC) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Pioneer Cement had a gross margin of 29.04% for the quarter that ended in Mar. 2026 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Pioneer Cement Gross Margin % Related Terms


Pioneer Cement Gross Margin % Historical Data

* Premium members only.

The historical data trend for Pioneer Cement's Gross 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.

Pioneer Cement Gross Margin % Chart

Pioneer Cement Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.87 22.60 26.02 33.12 31.35

Pioneer Cement Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.51 26.89 29.78 29.59 29.04

KAR:PIOC vs CRH, VMC, MLM: Gross Margin % Comparison

For the Building Materials subindustry, Pioneer Cement's Gross Margin %, along with its competitors' market caps and Gross 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.


Pioneer Cement Gross Margin % vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Pioneer Cement's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Pioneer Cement's Gross Margin % falls into.


KAR:PIOC
84GF Score
Pioneer Cement Ltd KAR:PIOC
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Pioneer Cement Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Pioneer Cement's Gross Margin for the fiscal year that ended in Jun. 2025 is calculated as

Gross Margin % (A: Jun. 2025 )=Gross Profit (A: Jun. 2025 ) / Revenue (A: Jun. 2025 )
=10443.5 / 33308.611
=(Revenue - Cost of Goods Sold) / Revenue
=(33308.611 - 22865.087) / 33308.611
=31.35 %

Pioneer Cement's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=2916.3 / 10041.688
=(Revenue - Cost of Goods Sold) / Revenue
=(10041.688 - 7125.361) / 10041.688
=29.04 %

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 29.04% mean?
Pioneer Cement (KAR:PIOC) has a Gross Margin % of 29.04% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Pioneer Cement and its competitors. This is near median its historical median of 26.90. According to the industry distribution chart, Pioneer Cement ranks #173 out of 397 companies in the Building Materials industry, placing it in the top 43.6%.
Is Pioneer Cement's Gross Margin % too high?
Pioneer Cement's current Gross Margin % of 29.04% is near median its 10-year median of 26.90. The Building Materials industry median Gross Margin % is 26.20. Pioneer Cement's value of 29.04% is 10.8% above this industry median. Based on the distribution chart, Pioneer Cement ranks #173 out of 397 companies in the Building Materials industry, which is above the industry midpoint. Overall, Pioneer Cement has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pioneer Cement's Gross Margin % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Pioneer Cement ranks #173 out of 397 companies for Gross Margin %. This puts Pioneer Cement in the upper half of its industry. The industry median Gross Margin % is 26.20. Pioneer Cement's value of 29.04% is 10.8% above this benchmark. While the company's 10-year median is 26.90 vs. the industry median of 26.20, Pioneer Cement 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 Gross Margin % for a Building Materials company?
The median Gross Margin % among Building Materials companies is 26.20, based on 397 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pioneer Cement's current Gross Margin % of 29.04% is 10.8% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Pioneer Cement and its competitors. For the Building Materials industry, the median Gross Margin % is 26.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pioneer Cement's current Gross Margin % is 29.04%, which is near median its own 10-year median of 26.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pioneer Cement stock overvalued right now?
Based on GuruFocus' analysis, Pioneer Cement (KAR:PIOC) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨134.39, compared to a current price of ₨273.85 — trading 103.8% above its estimated fair value. The current Gross Margin % is 29.04%, which is near median its 10-year median of 26.90 and 10.8% above the Building Materials industry median of 26.20. Pioneer Cement's overall GF Score™ is 84/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Pioneer Cement (KAR:PIOC), the current Gross Margin % is 29.04% 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.

Is Pioneer Cement (KAR:PIOC) Overvalued in 2026?

Based on GuruFocus' analysis, Pioneer Cement stock appears to be overvalued. The current stock price of ₨273.85 is trading 103.8% above its estimated GF Value™ of ₨134.39. GuruFocus considers Pioneer Cement to be Significantly Overvalued.

Key valuation signals for KAR:PIOC:

  • Gross Margin %: 29.04% (near median its 10-year median of 26.90)
  • GF Value™: ₨134.39 vs. price of ₨273.85 (103.8% above fair value)
  • GF Score™: 84/100 with 4 warning signs
  • Industry Position: 10.8% above the Building Materials median (#173 of 397)

No single metric tells the full story. See the KAR:PIOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pioneer Cement Business Description

Address 64-B/I, Gulberg-III, Lahore, PB, PAK
Pioneer Cement Ltd is a cement producer. The company's production facility is situated at Chenki, District Khushab in Punjab Province. The product range consists of Ordinary Portland Cement and Sulphate Resistant Cement. Its Ordinary Portland Cement is used for all structural work including all kinds of concrete construction and Sulphate Resistant Cement is used where sulfate salts are present in the soil or in saline water. Geographically, the company operates within Pakistan and Afghanistan and generates a majority of its revenue from Pakistan.
84GF Score

Get the complete analysis for KAR:PIOC

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₨273.85
Price
₨134.39
GF Value