JSW SteelNSE:JSWSTEEL -0.02%87 Net Margin % is 32.87% as of Mar. 2026, which is 329% above its 10-year median of 7.66. GuruFocus rates NSE:JSWSTEEL with a GF Score™ of 87/100 and a GF Value™ of ₹1,036.92 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 615 Steel companies, JSW Steel ranks better than 90.57% on this metric.
Net margin is calculated as Net Income divided by its Revenue. JSW Steel's Net Income for the
three
months ended in Mar. 2026 was ₹163,700 Mil. JSW Steel's Revenue for the
three
months ended in Mar. 2026 was ₹497,980 Mil. Therefore, JSW Steel's net margin for the quarter that ended in Mar. 2026 was 32.87%.
The historical rank and industry rank for JSW Steel's Net Margin % or its related term are showing as below:
NSE:JSWSTEEL'
s Net Margin % Range Over the Past 10 Years
Min: 2.1 Med: 7.66 Max: 14.37
Current: 12.26
NSE:JSWSTEEL's Net Margin % is ranked better than 90.57% of 615
companies
in the Steel industry
Industry Median: 1.86
vs NSE:JSWSTEEL: 12.26
JSW Steel (NSE:JSWSTEEL) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
JSW Steel Net Margin % Related Terms
JSW Steel Net Margin % Historical Data
* Premium members only.
The historical data trend for JSW Steel's Net 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:JSWSTEEL vs NUE, STLD, RS: Net Margin % Comparison
For the Steel subindustry, JSW Steel's Net Margin %, along with its competitors' market caps and Net 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.
JSW Steel Net Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, JSW Steel's Net Margin % distribution charts can be found below:
* The bar in red indicates where JSW Steel's Net 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.
JSW Steel (NSE:JSWSTEEL) has a Net Margin % of 32.87% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on JSW Steel and its competitors. This is 329% above median its historical median of 7.66. Over the past decade, JSW Steel's Net Margin % has ranged from 2.10 to 14.37. According to the industry distribution chart, JSW Steel ranks #58 out of 615 companies in the Steel industry, placing it in the top 9.4%.
Is JSW Steel's Net Margin % too high?
JSW Steel's current Net Margin % of 32.87% is 329% above median its 10-year median of 7.66. Over the past 10 years, this metric has ranged from a low of 2.10 to a high of 14.37. The Steel industry median Net Margin % is 1.86. JSW Steel's value of 32.87% is 1667.2% above this industry median. Based on the distribution chart, JSW Steel ranks #58 out of 615 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, JSW Steel has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JSW Steel's Net Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, JSW Steel ranks #58 out of 615 companies for Net Margin %. This places JSW Steel in the top 9% of its industry — outperforming the majority of peers. The industry median Net Margin % is 1.86. JSW Steel's value of 32.87% is 1667.2% above this benchmark. Historically, JSW Steel's own Net Margin % has ranged from 2.10 to 14.37 over the past decade. While the company's 10-year median is 7.66 vs. the industry median of 1.86, JSW Steel 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 Net Margin % for a Steel company?
The median Net Margin % among Steel companies is 1.86, based on 615 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. JSW Steel's current Net Margin % of 32.87% is 1667.2% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on JSW Steel and its competitors. For the Steel industry, the median Net Margin % is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JSW Steel's current Net Margin % is 32.87%, which is 329% above median its own 10-year median of 7.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSW Steel stock overvalued right now?
Based on GuruFocus' analysis, JSW Steel (NSE:JSWSTEEL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,036.92, compared to a current price of ₹1,231.00 — trading 18.7% above its estimated fair value. The current Net Margin % is 32.87%, which is 329% above median its 10-year median of 7.66 and 1667.2% above the Steel industry median of 1.86. JSW Steel's overall GF Score™ is 87/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For JSW Steel (NSE:JSWSTEEL), the current Net Margin % is 32.87% 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 JSW Steel (NSE:JSWSTEEL) Overvalued in 2026?
Based on GuruFocus' analysis, JSW Steel stock appears to be overvalued.
The current stock price of ₹1,231.00 is trading 18.7% above its estimated GF Value™ of ₹1,036.92.
GuruFocus considers JSW Steel to be Modestly Overvalued.
Key valuation signals for NSE:JSWSTEEL:
Net Margin %: 32.87% (329% above median its 10-year median of 7.66)
GF Value™: ₹1,036.92 vs. price of ₹1,231.00 (18.7% above fair value)
Industry Position: 1667.2% above the Steel median (#58 of 615)
No single metric tells the full story. See the NSE:JSWSTEEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JSW Steel Ltd is an India-based company that is engaged in the business of manufacturing and selling steel products. Its steel products include semis, hot-rolled steel, cold-rolled steel, galvanized steel, color-coated steel, and long products. Its flat steel products (including hot-rolled, cold-rolled, and galvanized products), which account for the majority of the company's steel volume, are used in Indian automotive, construction, infrastructure, engineering, and consumer durable industries. Its long products are used in the Indian construction, infrastructure, and automotive industries. The company generates the majority of its revenue from the Indian domestic market.
87GF Score
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