MSP Steel & PowerNSE:MSPL -1.43%53 Gross Margin % is 23.97% as of Mar. 2026, which is 46% above its 10-year median of 16.39. GuruFocus rates NSE:MSPL with a GF Score™ of 53/100 and a GF Value™ of ₹21.46 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 594 Steel companies, MSP Steel & Power ranks better than 73.57% on this metric.
The historical rank and industry rank for MSP Steel & Power's Gross Margin % or its related term are showing as below:
NSE:MSPL'
s Gross Margin % Range Over the Past 10 Years
Min: 9 Med: 16.39 Max: 21.68
Current: 21.68
During the past 13 years, the highestGross Margin % of MSP Steel & Power was 21.68%. The lowest was 9.00%. And the median was 16.39%.
NSE:MSPL's Gross Margin % is ranked better than 73.57% of 594
companies
in the Steel industry
Industry Median: 12.61
vs NSE:MSPL: 21.68
MSP Steel & Power had a gross margin of 23.97% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for MSP Steel & Power was 10.20% per year.
MSP Steel & Power (NSE:MSPL) 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
MSP Steel & Power had a gross margin of 23.97% 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.
MSP Steel & Power Gross Margin % Related Terms
MSP Steel & Power Gross Margin % Historical Data
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The historical data trend for MSP Steel & Power'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:MSPL vs NUE, STLD, RS: Gross Margin % Comparison
For the Steel subindustry, MSP Steel & Power'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.
MSP Steel & Power Gross Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, MSP Steel & Power's Gross Margin % distribution charts can be found below:
* The bar in red indicates where MSP Steel & Power'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.
MSP Steel & Power (NSE:MSPL) has a Gross Margin % of 23.97% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on MSP Steel & Power and its competitors. This is 46% above median its historical median of 16.39. Over the past decade, MSP Steel & Power's Gross Margin % has ranged from 9.00 to 21.68. According to the industry distribution chart, MSP Steel & Power ranks #157 out of 594 companies in the Steel industry, placing it in the top 26.4%.
Is MSP Steel & Power's Gross Margin % too high?
MSP Steel & Power's current Gross Margin % of 23.97% is 46% above median its 10-year median of 16.39. Over the past 10 years, this metric has ranged from a low of 9.00 to a high of 21.68. The Steel industry median Gross Margin % is 12.61. MSP Steel & Power's value of 23.97% is 90.1% above this industry median. Based on the distribution chart, MSP Steel & Power ranks #157 out of 594 companies in the Steel industry, which is above the industry midpoint. Overall, MSP Steel & Power has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MSP Steel & Power's Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, MSP Steel & Power ranks #157 out of 594 companies for Gross Margin %. This puts MSP Steel & Power in the upper half of its industry. The industry median Gross Margin % is 12.61. MSP Steel & Power's value of 23.97% is 90.1% above this benchmark. Historically, MSP Steel & Power's own Gross Margin % has ranged from 9.00 to 21.68 over the past decade. While the company's 10-year median is 16.39 vs. the industry median of 12.61, MSP Steel & Power 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 12.61, based on 594 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. MSP Steel & Power's current Gross Margin % of 23.97% is 90.1% 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 MSP Steel & Power and its competitors. For the Steel industry, the median Gross Margin % is 12.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MSP Steel & Power's current Gross Margin % is 23.97%, which is 46% above median its own 10-year median of 16.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MSP Steel & Power stock overvalued right now?
Based on GuruFocus' analysis, MSP Steel & Power (NSE:MSPL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹21.46, compared to a current price of ₹40.66 — trading 89.5% above its estimated fair value. The current Gross Margin % is 23.97%, which is 46% above median its 10-year median of 16.39 and 90.1% above the Steel industry median of 12.61. MSP Steel & Power's overall GF Score™ is 53/100 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 MSP Steel & Power (NSE:MSPL), the current Gross Margin % is 23.97% 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 MSP Steel & Power (NSE:MSPL) Overvalued in 2026?
Based on GuruFocus' analysis, MSP Steel & Power stock appears to be overvalued.
The current stock price of ₹40.66 is trading 89.5% above its estimated GF Value™ of ₹21.46.
GuruFocus considers MSP Steel & Power to be Significantly Overvalued.
Key valuation signals for NSE:MSPL:
Gross Margin %: 23.97% (46% above median its 10-year median of 16.39)
GF Value™: ₹21.46 vs. price of ₹40.66 (89.5% above fair value)
Industry Position: 90.1% above the Steel median (#157 of 594)
No single metric tells the full story. See the NSE:MSPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MSP Steel & Power Ltd is engaged in the manufacturing of iron and steel products. It is also engaged in the generation and sale of power. Geographically, it derives a majority of its revenue from India. The company's product offerings include TMT Bar, structural steel, and pipes.
53GF Score
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