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
Venus Pipes & Tubes had a gross margin of 35.52% 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.
Venus Pipes & Tubes Gross Margin % Related Terms
Venus Pipes & Tubes Gross Margin % Historical Data
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The historical data trend for Venus Pipes & Tubes'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:VENUSPIPES vs NUE, STLD, RS: Gross Margin % Comparison
For the Steel subindustry, Venus Pipes & Tubes'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.
Venus Pipes & Tubes Gross Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Venus Pipes & Tubes's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Venus Pipes & Tubes'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.
Venus Pipes & Tubes (NSE:VENUSPIPES) has a Gross Margin % of 35.52% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Venus Pipes & Tubes and its competitors. This is 94% above median its historical median of 18.29. Over the past decade, Venus Pipes & Tubes' Gross Margin % has ranged from 11.71 to 33.97. According to the industry distribution chart, Venus Pipes & Tubes ranks #75 out of 592 companies in the Steel industry, placing it in the top 12.7%.
Is Venus Pipes & Tubes' Gross Margin % too high?
Venus Pipes & Tubes' current Gross Margin % of 35.52% is 94% above median its 10-year median of 18.29. Over the past 10 years, this metric has ranged from a low of 11.71 to a high of 33.97. The Steel industry median Gross Margin % is 12.55. Venus Pipes & Tubes' value of 35.52% is 183% above this industry median. Based on the distribution chart, Venus Pipes & Tubes ranks #75 out of 592 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Venus Pipes & Tubes has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Venus Pipes & Tubes' Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Venus Pipes & Tubes ranks #75 out of 592 companies for Gross Margin %. This places Venus Pipes & Tubes in the top 13% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 12.55. Venus Pipes & Tubes' value of 35.52% is 183% above this benchmark. Historically, Venus Pipes & Tubes' own Gross Margin % has ranged from 11.71 to 33.97 over the past decade. While the company's 10-year median is 18.29 vs. the industry median of 12.55, Venus Pipes & Tubes 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. Venus Pipes & Tubes's current Gross Margin % of 35.52% is 183% 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 Venus Pipes & Tubes 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. Venus Pipes & Tubes's current Gross Margin % is 35.52%, which is 94% above median its own 10-year median of 18.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Venus Pipes & Tubes stock overvalued right now?
Based on GuruFocus' analysis, Venus Pipes & Tubes (NSE:VENUSPIPES) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,282.55, compared to a current price of ₹1,783.20 — trading 21.9% below its estimated fair value. The current Gross Margin % is 35.52%, which is 94% above median its 10-year median of 18.29 and 183% above the Steel industry median of 12.55. Venus Pipes & Tubes' overall GF Score™ is 97/100 with 7 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 Venus Pipes & Tubes (NSE:VENUSPIPES), the current Gross Margin % is 35.52% 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 Venus Pipes & Tubes (NSE:VENUSPIPES) Overvalued in 2026?
Based on GuruFocus' analysis, Venus Pipes & Tubes stock appears to be undervalued.
The current stock price of ₹1,783.20 is trading 21.9% below its estimated GF Value™ of ₹2,282.55.
GuruFocus considers Venus Pipes & Tubes to be Modestly Undervalued.
Key valuation signals for NSE:VENUSPIPES:
Gross Margin %: 35.52% (94% above median its 10-year median of 18.29)
GF Value™: ₹2,282.55 vs. price of ₹1,783.20 (21.9% below fair value)
Industry Position: 183% above the Steel median (#75 of 592)
No single metric tells the full story. See the NSE:VENUSPIPES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Venus Pipes & Tubes Ltd is a manufacturer and exporter of stainless steel pipes and tubes. It manufactures stainless steel tube products in two broad categories, namely seamless tubes/pipes and welded tubes/pipes, under which five categories of products are manufactured, namely, stainless steel high precision and heat exchanger tubes, stainless steel hydraulic and instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes, and stainless steel lsaw pipes. The company distributes its products through direct supply, traders, stockists, and selected marketing representatives. Geographically, it derives a majority of its revenue from India and also engages in exporting its products to other countries.
97GF Score
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