Vibhor Steel Tubes (NSE:VSTL) Gross Margin %: 12.12% (As of Mar. 2026) — 56% Above Median


NSE:VSTL Vibhor Steel Tubes Ltd NSE:VSTL
34 GF Score
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What is Vibhor Steel Tubes Gross Margin %?

Vibhor Steel Tubes NSE:VSTL -0.44% 34 Gross Margin % is 12.12% as of Mar. 2026, which is 56% above its 10-year median of 7.77. GuruFocus rates NSE:VSTL with a GF Score™ of 34/100. The stock has 3 warning signs investors should review. Among 594 Steel companies, Vibhor Steel Tubes ranks worse than 55.56% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Vibhor Steel Tubes's Gross Profit for the three months ended in Mar. 2026 was ₹406 Mil. Vibhor Steel Tubes's Revenue for the three months ended in Mar. 2026 was ₹3,351 Mil. Therefore, Vibhor Steel Tubes's Gross Margin % for the quarter that ended in Mar. 2026 was 12.12%.


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

NSE:VSTL' s Gross Margin % Range Over the Past 10 Years
Min: 6.66   Med: 7.77   Max: 10.91
Current: 10.91


During the past 6 years, the highest Gross Margin % of Vibhor Steel Tubes was 10.91%. The lowest was 6.66%. And the median was 7.77%.

NSE:VSTL's Gross Margin % is ranked worse than
55.56% of 594 companies
in the Steel industry
Industry Median: 12.61 vs NSE:VSTL: 10.91

Vibhor Steel Tubes had a gross margin of 12.12% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Vibhor Steel Tubes was 9.80% per year.


Vibhor Steel Tubes  (NSE:VSTL) 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

Vibhor Steel Tubes had a gross margin of 12.12% for the quarter that ended in Mar. 2026 => No sustainable 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.


Vibhor Steel Tubes Gross Margin % Related Terms


Vibhor Steel Tubes Gross Margin % Historical Data

* Premium members only.

The historical data trend for Vibhor Steel 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.

Vibhor Steel Tubes Gross Margin % Chart

Vibhor Steel Tubes Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial 6.86 6.66 7.83 10.80 10.91

Vibhor Steel Tubes Quarterly Data
Mar21 Mar22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.50 11.42 11.22 8.88 12.12

NSE:VSTL vs NUE, STLD, RS: Gross Margin % Comparison

For the Steel subindustry, Vibhor Steel 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.


Vibhor Steel Tubes Gross Margin % vs Steel Industry

For the Steel industry and Basic Materials sector, Vibhor Steel Tubes's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Vibhor Steel Tubes's Gross Margin % falls into.


NSE:VSTL
34GF Score
Vibhor Steel Tubes Ltd NSE:VSTL
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Vibhor Steel Tubes Gross Margin % Calculation

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

Vibhor Steel Tubes's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=1253.7 / 11493.51
=(Revenue - Cost of Goods Sold) / Revenue
=(11493.51 - 10239.79) / 11493.51
=10.91 %

Vibhor Steel Tubes's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=406.1 / 3351.293
=(Revenue - Cost of Goods Sold) / Revenue
=(3351.293 - 2945.209) / 3351.293
=12.12 %

* 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 12.12% mean?
Vibhor Steel Tubes (NSE:VSTL) has a Gross Margin % of 12.12% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Vibhor Steel Tubes and its competitors. This is 56% above median its historical median of 7.77. Over the past decade, Vibhor Steel Tubes' Gross Margin % has ranged from 6.66 to 10.91. According to the industry distribution chart, Vibhor Steel Tubes ranks #330 out of 594 companies in the Steel industry, placing it in the top 55.6%.
Is Vibhor Steel Tubes' Gross Margin % too high?
Vibhor Steel Tubes' current Gross Margin % of 12.12% is 56% above median its 10-year median of 7.77. Over the past 10 years, this metric has ranged from a low of 6.66 to a high of 10.91. The Steel industry median Gross Margin % is 12.61. Vibhor Steel Tubes' value of 12.12% is 3.9% below this industry median. Based on the distribution chart, Vibhor Steel Tubes ranks #330 out of 594 companies in the Steel industry, which is below the industry midpoint. Overall, Vibhor Steel Tubes has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Vibhor Steel Tubes' Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Vibhor Steel Tubes ranks #330 out of 594 companies for Gross Margin %. This places Vibhor Steel Tubes in the lower half of its industry. The industry median Gross Margin % is 12.61. Vibhor Steel Tubes' value of 12.12% is 3.9% below this benchmark. Historically, Vibhor Steel Tubes' own Gross Margin % has ranged from 6.66 to 10.91 over the past decade. While the company's 10-year median is 7.77 vs. the industry median of 12.61, Vibhor Steel Tubes has consistently been below 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. Vibhor Steel Tubes's current Gross Margin % of 12.12% is 3.9% 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 Vibhor Steel Tubes 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. Vibhor Steel Tubes's current Gross Margin % is 12.12%, which is 56% above median its own 10-year median of 7.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vibhor Steel Tubes stock overvalued right now?
Vibhor Steel Tubes (NSE:VSTL) has a current Gross Margin % of 12.12%. The current Gross Margin % is 12.12%, which is 56% above median its 10-year median of 7.77 and 3.9% below the Steel industry median of 12.61. Vibhor Steel Tubes' overall GF Score™ is 34/100 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 Vibhor Steel Tubes (NSE:VSTL), the current Gross Margin % is 12.12% 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.

Vibhor Steel Tubes Business Description

Other Exchanges 544124:India
Address Delhi Road, Plot No. 2, Industrial Development Colony, Hisar, HR, IND, 125005
Vibhor Steel Tubes Ltd is a manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils. Steel pipes and tubes are used pipes for frames and shafts, steel pipes for bicycle frames, steel pipes for furniture, CDW pipes for shockers, steel pipes for various structural purposes, steel pipes for various engineering purposes, and others.
34GF Score

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