VMS TMTNSE:VMSTMT +0.44%12 Gross Margin % is 29.51% as of Mar. 2026, which is 240% above its 10-year median of 8.67. GuruFocus rates NSE:VMSTMT with a GF Score™ of 12/100. The stock has 3 warning signs investors should review. Among 594 Steel companies, VMS TMT ranks better than 77.27% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. VMS TMT's Gross Profit for the
three
months ended in Mar. 2026 was ₹712 Mil. VMS TMT's Revenue for the
three
months ended in Mar. 2026 was ₹2,411 Mil. Therefore, VMS TMT's Gross Margin % for the quarter that ended in Mar. 2026 was 29.51%.
The historical rank and industry rank for VMS TMT's Gross Margin % or its related term are showing as below:
NSE:VMSTMT'
s Gross Margin % Range Over the Past 10 Years
Min: 6.09 Med: 8.67 Max: 27.98
Current: 24.46
During the past 5 years, the highestGross Margin % of VMS TMT was 27.98%. The lowest was 6.09%. And the median was 8.67%.
NSE:VMSTMT's Gross Margin % is ranked better than 77.27% of 594
companies
in the Steel industry
Industry Median: 12.61
vs NSE:VMSTMT: 24.46
VMS TMT had a gross margin of 29.51% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for VMS TMT was 0.00% per year.
VMS TMT (NSE:VMSTMT) 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
VMS TMT had a gross margin of 29.51% 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.
VMS TMT Gross Margin % Related Terms
VMS TMT Gross Margin % Historical Data
* Premium members only.
The historical data trend for VMS TMT'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:VMSTMT vs NUE, STLD, RS: Gross Margin % Comparison
For the Steel subindustry, VMS TMT'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.
VMS TMT Gross Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, VMS TMT's Gross Margin % distribution charts can be found below:
* The bar in red indicates where VMS TMT'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.
VMS TMT (NSE:VMSTMT) has a Gross Margin % of 29.51% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on VMS TMT and its competitors. This is 240% above median its historical median of 8.67. Over the past decade, VMS TMT's Gross Margin % has ranged from 6.09 to 27.98. According to the industry distribution chart, VMS TMT ranks #135 out of 594 companies in the Steel industry, placing it in the top 22.7%.
Is VMS TMT's Gross Margin % too high?
VMS TMT's current Gross Margin % of 29.51% is 240% above median its 10-year median of 8.67. Over the past 10 years, this metric has ranged from a low of 6.09 to a high of 27.98. The Steel industry median Gross Margin % is 12.61. VMS TMT's value of 29.51% is 134% above this industry median. Based on the distribution chart, VMS TMT ranks #135 out of 594 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, VMS TMT has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does VMS TMT's Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, VMS TMT ranks #135 out of 594 companies for Gross Margin %. This places VMS TMT in the top 23% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 12.61. VMS TMT's value of 29.51% is 134% above this benchmark. Historically, VMS TMT's own Gross Margin % has ranged from 6.09 to 27.98 over the past decade. While the company's 10-year median is 8.67 vs. the industry median of 12.61, VMS TMT 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. VMS TMT's current Gross Margin % of 29.51% is 134% 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 VMS TMT 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. VMS TMT's current Gross Margin % is 29.51%, which is 240% above median its own 10-year median of 8.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VMS TMT stock overvalued right now?
VMS TMT (NSE:VMSTMT) has a current Gross Margin % of 29.51%. The current Gross Margin % is 29.51%, which is 240% above median its 10-year median of 8.67 and 134% above the Steel industry median of 12.61. VMS TMT's overall GF Score™ is 12/100 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 VMS TMT (NSE:VMSTMT), the current Gross Margin % is 29.51% 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.
VMS TMT Ltd is engaged in manufacturing of Thermo Mechanically Treated Bars (TMT Bars) at its manufacturing facility situated at Bhayla Village, Ahmedabad, Gujarat, India. TMT Bars are high-strength reinforcement steel used widely in construction industry due to their exceptional strength, ductility, and corrosion resistance. Its revenue from operations also includes sale of scrap, binding wires and billets.
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