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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
HariOm Pipe Industries had a gross margin of 21.02% 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.
HariOm Pipe Industries Gross Margin % Related Terms
HariOm Pipe Industries Gross Margin % Historical Data
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The historical data trend for HariOm Pipe Industries'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.
NSE:HARIOMPIPE vs NUE, STLD, RS: Gross Margin % Comparison
For the Steel subindustry, HariOm Pipe Industries'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.
HariOm Pipe Industries Gross Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, HariOm Pipe Industries's Gross Margin % distribution charts can be found below:
* The bar in red indicates where HariOm Pipe Industries's Gross 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.
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.
HariOm Pipe Industries (NSE:HARIOMPIPE) has a Gross Margin % of 21.02% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on HariOm Pipe Industries and its competitors. This is 30% below median its historical median of 30.03. Over the past decade, HariOm Pipe Industries' Gross Margin % has ranged from 21.89 to 43.61. According to the industry distribution chart, HariOm Pipe Industries ranks #152 out of 593 companies in the Steel industry, placing it in the top 25.6%.
Is HariOm Pipe Industries' Gross Margin % too high?
HariOm Pipe Industries' current Gross Margin % of 21.02% is 30% below median its 10-year median of 30.03. Over the past 10 years, this metric has ranged from a low of 21.89 to a high of 43.61. The Steel industry median Gross Margin % is 12.60. HariOm Pipe Industries' value of 21.02% is 66.8% above this industry median. Based on the distribution chart, HariOm Pipe Industries ranks #152 out of 593 companies in the Steel industry, which is above the industry midpoint. Overall, HariOm Pipe Industries has a GF Score™ of 88/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does HariOm Pipe Industries' Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, HariOm Pipe Industries ranks #152 out of 593 companies for Gross Margin %. This puts HariOm Pipe Industries in the upper half of its industry. The industry median Gross Margin % is 12.60. HariOm Pipe Industries' value of 21.02% is 66.8% above this benchmark. Historically, HariOm Pipe Industries' own Gross Margin % has ranged from 21.89 to 43.61 over the past decade. While the company's 10-year median is 30.03 vs. the industry median of 12.60, HariOm Pipe Industries 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 Steel company?
The median Gross Margin % among Steel companies is 12.60, based on 593 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. HariOm Pipe Industries's current Gross Margin % of 21.02% is 66.8% 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 HariOm Pipe Industries and its competitors. For the Steel industry, the median Gross Margin % is 12.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HariOm Pipe Industries's current Gross Margin % is 21.02%, which is 30% below median its own 10-year median of 30.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HariOm Pipe Industries stock overvalued right now?
Based on GuruFocus' analysis, HariOm Pipe Industries (NSE:HARIOMPIPE) is currently considered Possible Value Trap. The stock's GF Value™ is ₹801.95, compared to a current price of ₹381.95 — trading 52.4% below its estimated fair value. The current Gross Margin % is 21.02%, which is 30% below median its 10-year median of 30.03 and 66.8% above the Steel industry median of 12.60. HariOm Pipe Industries' overall GF Score™ is 88/100 with 5 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 HariOm Pipe Industries (NSE:HARIOMPIPE), the current Gross Margin % is 21.02% 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 HariOm Pipe Industries (NSE:HARIOMPIPE) Overvalued in 2026?
Based on GuruFocus' analysis, HariOm Pipe Industries stock appears to be undervalued.
The current stock price of ₹381.95 is trading 52.4% below its estimated GF Value™ of ₹801.95.
GuruFocus considers HariOm Pipe Industries to be Possible Value Trap.
Key valuation signals for NSE:HARIOMPIPE:
Gross Margin %: 21.02% (30% below median its 10-year median of 30.03)
GF Value™: ₹801.95 vs. price of ₹381.95 (52.4% below fair value)
Industry Position: 66.8% above the Steel median (#152 of 593)
No single metric tells the full story. See the NSE:HARIOMPIPE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HariOm Pipe Industries Ltd is engaged in business of Manufacturing & selling of Steel Products. The products are used in industries such as housing, infrastructure, agriculture, automotive solar, fabrication, and engineering.
88GF Score
Get the complete analysis for NSE:HARIOMPIPE
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