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
Maharashtra Seamless had a gross margin of 39.65% 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.
Maharashtra Seamless Gross Margin % Related Terms
Maharashtra Seamless Gross Margin % Historical Data
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The historical data trend for Maharashtra Seamless'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:MAHSEAMLES vs NUE, STLD, RS: Gross Margin % Comparison
For the Steel subindustry, Maharashtra Seamless'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.
Maharashtra Seamless Gross Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Maharashtra Seamless's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Maharashtra Seamless'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.
Maharashtra Seamless (NSE:MAHSEAMLES) has a Gross Margin % of 39.65% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Maharashtra Seamless and its competitors. This is 63% above median its historical median of 24.28. Over the past decade, Maharashtra Seamless' Gross Margin % has ranged from 17.45 to 37.04. According to the industry distribution chart, Maharashtra Seamless ranks #69 out of 592 companies in the Steel industry, placing it in the top 11.7%.
Is Maharashtra Seamless' Gross Margin % too high?
Maharashtra Seamless' current Gross Margin % of 39.65% is 63% above median its 10-year median of 24.28. Over the past 10 years, this metric has ranged from a low of 17.45 to a high of 37.04. The Steel industry median Gross Margin % is 12.55. Maharashtra Seamless' value of 39.65% is 215.9% above this industry median. Based on the distribution chart, Maharashtra Seamless ranks #69 out of 592 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Maharashtra Seamless has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maharashtra Seamless' Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Maharashtra Seamless ranks #69 out of 592 companies for Gross Margin %. This places Maharashtra Seamless in the top 12% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 12.55. Maharashtra Seamless' value of 39.65% is 215.9% above this benchmark. Historically, Maharashtra Seamless' own Gross Margin % has ranged from 17.45 to 37.04 over the past decade. While the company's 10-year median is 24.28 vs. the industry median of 12.55, Maharashtra Seamless 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 12.55, based on 592 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. Maharashtra Seamless's current Gross Margin % of 39.65% is 215.9% 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 Maharashtra Seamless and its competitors. For the Steel industry, the median Gross Margin % is 12.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maharashtra Seamless's current Gross Margin % is 39.65%, which is 63% above median its own 10-year median of 24.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maharashtra Seamless stock overvalued right now?
Based on GuruFocus' analysis, Maharashtra Seamless (NSE:MAHSEAMLES) is currently considered Fairly Valued. The stock's GF Value™ is ₹632.82, compared to a current price of ₹583.00 — trading 7.9% below its estimated fair value. The current Gross Margin % is 39.65%, which is 63% above median its 10-year median of 24.28 and 215.9% above the Steel industry median of 12.55. Maharashtra Seamless' overall GF Score™ is 85/100 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 Maharashtra Seamless (NSE:MAHSEAMLES), the current Gross Margin % is 39.65% 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 Maharashtra Seamless (NSE:MAHSEAMLES) Overvalued in 2026?
Based on GuruFocus' analysis, Maharashtra Seamless stock appears to be undervalued.
The current stock price of ₹583.00 is trading 7.9% below its estimated GF Value™ of ₹632.82.
GuruFocus considers Maharashtra Seamless to be Fairly Valued.
Key valuation signals for NSE:MAHSEAMLES:
Gross Margin %: 39.65% (63% above median its 10-year median of 24.28)
GF Value™: ₹632.82 vs. price of ₹583.00 (7.9% below fair value)
Industry Position: 215.9% above the Steel median (#69 of 592)
No single metric tells the full story. See the NSE:MAHSEAMLES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maharashtra Seamless Ltd is a steel pipe and tube manufacturer. The company's product portfolio consists of electric resistance welded pipes, which include black and galvanized pipes, and seamless pipes and tubes, which include hot finished, cold drawn, and pilgered pipes. These products are used in various applications and sectors like oil and gas, hydrocarbon, power, agriculture, housing, and infrastructure, among others. The company's operating segments consist of steel pipes and tubes, power-electricity, rig, and others. The majority of its revenue is derived from the steel pipes and tubes segment.
85GF Score
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