Jindal SteelNSE:JINDALSTEL +2.09%80 Gross Margin % is 48.78% as of Mar. 2026, which is 86% above its 10-year median of 26.26. GuruFocus rates NSE:JINDALSTEL with a GF Score™ of 80/100 and a GF Value™ of ₹1,183.63 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 593 Steel companies, Jindal Steel ranks better than 95.62% on this metric.
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
Jindal Steel had a gross margin of 48.78% for the quarter that ended in Mar. 2026 => Durable competitive advantage
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.
Jindal Steel Gross Margin % Related Terms
Jindal Steel Gross Margin % Historical Data
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The historical data trend for Jindal Steel'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:JINDALSTEL vs NUE, STLD, RS: Gross Margin % Comparison
For the Steel subindustry, Jindal Steel'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.
Jindal Steel Gross Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Jindal Steel's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Jindal Steel'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.
Jindal Steel (NSE:JINDALSTEL) has a Gross Margin % of 48.78% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Jindal Steel and its competitors. This is 86% above median its historical median of 26.26. Over the past decade, Jindal Steel's Gross Margin % has ranged from 10.16 to 53.00. According to the industry distribution chart, Jindal Steel ranks #26 out of 593 companies in the Steel industry, placing it in the top 4.4%.
Is Jindal Steel's Gross Margin % too high?
Jindal Steel's current Gross Margin % of 48.78% is 86% above median its 10-year median of 26.26. Over the past 10 years, this metric has ranged from a low of 10.16 to a high of 53.00. The Steel industry median Gross Margin % is 12.60. Jindal Steel's value of 48.78% is 287.1% above this industry median. Based on the distribution chart, Jindal Steel ranks #26 out of 593 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Jindal Steel has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jindal Steel's Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Jindal Steel ranks #26 out of 593 companies for Gross Margin %. This places Jindal Steel in the top 4% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 12.60. Jindal Steel's value of 48.78% is 287.1% above this benchmark. Historically, Jindal Steel's own Gross Margin % has ranged from 10.16 to 53.00 over the past decade. While the company's 10-year median is 26.26 vs. the industry median of 12.60, Jindal Steel 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. Jindal Steel's current Gross Margin % of 48.78% is 287.1% 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 Jindal Steel 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. Jindal Steel's current Gross Margin % is 48.78%, which is 86% above median its own 10-year median of 26.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jindal Steel stock overvalued right now?
Based on GuruFocus' analysis, Jindal Steel (NSE:JINDALSTEL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,183.63, compared to a current price of ₹1,051.30 — trading 11.2% below its estimated fair value. The current Gross Margin % is 48.78%, which is 86% above median its 10-year median of 26.26 and 287.1% above the Steel industry median of 12.60. Jindal Steel's overall GF Score™ is 80/100 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 Jindal Steel (NSE:JINDALSTEL), the current Gross Margin % is 48.78% 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 Jindal Steel (NSE:JINDALSTEL) Overvalued in 2026?
Based on GuruFocus' analysis, Jindal Steel stock appears to be undervalued.
The current stock price of ₹1,051.30 is trading 11.2% below its estimated GF Value™ of ₹1,183.63.
GuruFocus considers Jindal Steel to be Modestly Undervalued.
Key valuation signals for NSE:JINDALSTEL:
Gross Margin %: 48.78% (86% above median its 10-year median of 26.26)
GF Value™: ₹1,183.63 vs. price of ₹1,051.30 (11.2% below fair value)
Industry Position: 287.1% above the Steel median (#26 of 593)
No single metric tells the full story. See the NSE:JINDALSTEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jindal Steel Ltd is an Indian-based company that is involved in the steelmaking, power generation, mining, and infrastructure sectors, with its presence in various countries. The iron and steel industry is the company's key revenue-generating business. It offers various kinds of steel products like rails, fabricated sections, plates and coils, round bars, speedfloors, wire rods, and others. The products find applications in railways, roads, highways and bridges, housing, industrial applications, heavy machinery, and civil construction. Geographically, the company generates a majority of its revenue from its customers within India.
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