Steel Authority Of IndiaNSE:SAIL -0.38%78 Gross Margin % is 51.45% as of Mar. 2026, which is 9% above its 10-year median of 47.05. GuruFocus rates NSE:SAIL with a GF Score™ of 78/100 and a GF Value™ of ₹140.84 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 592 Steel companies, Steel Authority Of India ranks better than 95.27% on this metric.
Steel Authority Of India (NSE:SAIL) 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
Steel Authority Of India had a gross margin of 51.45% 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.
Steel Authority Of India Gross Margin % Related Terms
Steel Authority Of India Gross Margin % Historical Data
* 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:SAIL vs NUE, STLD, RS: Gross Margin % Comparison
For the Steel subindustry, Steel Authority Of India'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.
Steel Authority Of India Gross Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Steel Authority Of India's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Steel Authority Of India'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.
Steel Authority Of India (NSE:SAIL) has a Gross Margin % of 51.45% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Steel Authority Of India and its competitors. This is near median its historical median of 47.05. Over the past decade, Steel Authority Of India's Gross Margin % has ranged from 35.38 to 51.41. According to the industry distribution chart, Steel Authority Of India ranks #28 out of 592 companies in the Steel industry, placing it in the top 4.7%.
Is Steel Authority Of India's Gross Margin % too high?
Steel Authority Of India's current Gross Margin % of 51.45% is near median its 10-year median of 47.05. Over the past 10 years, this metric has ranged from a low of 35.38 to a high of 51.41. The Steel industry median Gross Margin % is 12.55. Steel Authority Of India's value of 51.45% is 310% above this industry median. Based on the distribution chart, Steel Authority Of India ranks #28 out of 592 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Steel Authority Of India has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steel Authority Of India's Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Steel Authority Of India ranks #28 out of 592 companies for Gross Margin %. This places Steel Authority Of India in the top 5% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 12.55. Steel Authority Of India's value of 51.45% is 310% above this benchmark. Historically, Steel Authority Of India's own Gross Margin % has ranged from 35.38 to 51.41 over the past decade. While the company's 10-year median is 47.05 vs. the industry median of 12.55, Steel Authority Of India 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. Steel Authority Of India's current Gross Margin % of 51.45% is 310% 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 Steel Authority Of India 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. Steel Authority Of India's current Gross Margin % is 51.45%, which is near median its own 10-year median of 47.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steel Authority Of India stock overvalued right now?
Based on GuruFocus' analysis, Steel Authority Of India (NSE:SAIL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹140.84, compared to a current price of ₹169.23 — trading 20.2% above its estimated fair value. The current Gross Margin % is 51.45%, which is near median its 10-year median of 47.05 and 310% above the Steel industry median of 12.55. Steel Authority Of India's overall GF Score™ is 78/100 with 3 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 Steel Authority Of India (NSE:SAIL), the current Gross Margin % is 51.45% 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 Steel Authority Of India (NSE:SAIL) Overvalued in 2026?
Based on GuruFocus' analysis, Steel Authority Of India stock appears to be overvalued.
The current stock price of ₹169.23 is trading 20.2% above its estimated GF Value™ of ₹140.84.
GuruFocus considers Steel Authority Of India to be Modestly Overvalued.
Key valuation signals for NSE:SAIL:
Gross Margin %: 51.45% (near median its 10-year median of 47.05)
GF Value™: ₹140.84 vs. price of ₹169.23 (20.2% above fair value)
Industry Position: 310% above the Steel median (#28 of 592)
No single metric tells the full story. See the NSE:SAIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steel Authority Of India Ltd is a steelmaker. The company produces flat steel products (including plates, sheets, coils, and galvanized plain), long steel products (rails, structural, wire rods, and merchant products), electric-resistance-welded pipes, and silicon steel sheets. Flat and long products account for the majority of the company's sales. The company runs five integrated steel plants and three alloy steel plants. The segments of the company include BSP, DSP, RSP, BSL, ISP, ASP, SSP, VISL and Others. It generates maximum of its revenue from the Indian domestic market.
78GF Score
Get the complete analysis for NSE:SAIL
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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