Refractory Shapes (NSE:REFRACTORY) Gross Margin %: 25.65% (As of Mar. 2025)


NSE:REFRACTORY Refractory Shapes Ltd NSE:REFRACTORY
17 GF Score
Price ₹30.55
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What is Refractory Shapes Gross Margin %?

Refractory Shapes NSE:REFRACTORY -4.38% 17 Gross Margin % is 25.65% as of Mar. 2025. GuruFocus rates NSE:REFRACTORY with a GF Score™ of 17/100. Among 395 Building Materials companies, Refractory Shapes ranks better than 67.85% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Refractory Shapes's Gross Profit for the six months ended in Mar. 2025 was ₹90.4 Mil. Refractory Shapes's Revenue for the six months ended in Mar. 2025 was ₹352.4 Mil. Therefore, Refractory Shapes's Gross Margin % for the quarter that ended in Mar. 2025 was 25.65%.


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


NSE:REFRACTORY's Gross Margin % is not ranked *
in the Building Materials industry.
Industry Median: 26.18
* Ranked among companies with meaningful Gross Margin % only.

Refractory Shapes had a gross margin of 25.65% for the quarter that ended in Mar. 2025 => Competition eroding margins

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


Refractory Shapes  (NSE:REFRACTORY) 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

Refractory Shapes had a gross margin of 25.65% for the quarter that ended in Mar. 2025 => 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.


Refractory Shapes Gross Margin % Related Terms


Refractory Shapes Gross Margin % Historical Data

* Premium members only.

The historical data trend for Refractory Shapes'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.

Refractory Shapes Gross Margin % Chart

Refractory Shapes Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Gross Margin %
35.90 42.68 30.96 33.28 33.44

Refractory Shapes Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25
Gross Margin % Get a 7-Day Free Trial 0.00 42.99 24.56 45.10 25.65

NSE:REFRACTORY vs CRH, VMC, MLM: Gross Margin % Comparison

For the Building Materials subindustry, Refractory Shapes'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.


Refractory Shapes Gross Margin % vs Building Materials Industry

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

* The bar in red indicates where Refractory Shapes's Gross Margin % falls into.


NSE:REFRACTORY
17GF Score
Refractory Shapes Ltd NSE:REFRACTORY
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Refractory Shapes Gross Margin % Calculation

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

Refractory Shapes's Gross Margin for the fiscal year that ended in Mar. 2025 is calculated as

Gross Margin % (A: Mar. 2025 )=Gross Profit (A: Mar. 2025 ) / Revenue (A: Mar. 2025 )
=196.5 / 587.713
=(Revenue - Cost of Goods Sold) / Revenue
=(587.713 - 391.201) / 587.713
=33.44 %

Refractory Shapes's Gross Margin for the quarter that ended in Mar. 2025 is calculated as


Gross Margin % (Q: Mar. 2025 )=Gross Profit (Q: Mar. 2025 ) / Revenue (Q: Mar. 2025 )
=90.4 / 352.361
=(Revenue - Cost of Goods Sold) / Revenue
=(352.361 - 261.981) / 352.361
=25.65 %

* 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 25.65% mean?
Refractory Shapes (NSE:REFRACTORY) has a Gross Margin % of 25.65% as of Mar. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Refractory Shapes and its competitors. According to the industry distribution chart, Refractory Shapes ranks #127 out of 395 companies in the Building Materials industry, placing it in the top 32.2%.
Is Refractory Shapes' Gross Margin % too high?
Refractory Shapes' current Gross Margin % is 25.65%. The Building Materials industry median Gross Margin % is 26.18. Refractory Shapes' value of 25.65% is 2% below this industry median. Based on the distribution chart, Refractory Shapes ranks #127 out of 395 companies in the Building Materials industry, which is above the industry midpoint. Overall, Refractory Shapes has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Refractory Shapes' Gross Margin % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Refractory Shapes ranks #127 out of 395 companies for Gross Margin %. This puts Refractory Shapes in the upper half of its industry. The industry median Gross Margin % is 26.18. Refractory Shapes' value of 25.65% is 2% below this benchmark. 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 26.18, based on 395 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. Refractory Shapes's current Gross Margin % of 25.65% is 2% below 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 Refractory Shapes and its competitors. For the Building Materials industry, the median Gross Margin % is 26.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Refractory Shapes's current Gross Margin % is 25.65%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Refractory Shapes stock overvalued right now?
Refractory Shapes (NSE:REFRACTORY) has a current Gross Margin % of 25.65%. The current Gross Margin % is 25.65% and 2% below the Building Materials industry median of 26.18. Refractory Shapes' overall GF Score™ is 17/100. 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 Refractory Shapes (NSE:REFRACTORY), the current Gross Margin % is 25.65% as of Mar. 2025. 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.

Refractory Shapes Business Description

Address Andheri-Kurla Road, B 201, Rustomjee Central Park Chakala, Andheri (East), Mumbai, MH, IND, 400069
Refractory Shapes Ltd is engaged in the production of special shapes, custom-made refractory shapes, and ceramic balls of low and medium purity with top quality and superior performance. The company manufactures bricks, castables, coating materials, high purity alumina catalyst bed supports, and ceramic balls. It serves industries including steel, refineries, fertilizers, petrochemicals, glass, and cement. The company has an international presence across multiple countries and is known for its quality, skilled workforce, and quality assurance.
17GF Score

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