The historical rank and industry rank for MSP Steel & Power's Net Margin % or its related term are showing as below:
NSE:MSPL'
s Net Margin % Range Over the Past 10 Years
Min: -11.09 Med: -1.11 Max: 1.19
Current: 1.19
NSE:MSPL's Net Margin % is ranked worse than 56.75% of 615
companies
in the Steel industry
Industry Median: 1.86
vs NSE:MSPL: 1.19
MSP Steel & Power (NSE:MSPL) 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.
MSP Steel & Power Net Margin % Related Terms
MSP Steel & Power Net Margin % Historical Data
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The historical data trend for MSP Steel & Power'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:MSPL vs NUE, STLD, RS: Net Margin % Comparison
For the Steel subindustry, MSP Steel & Power'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.
MSP Steel & Power Net Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, MSP Steel & Power's Net Margin % distribution charts can be found below:
* The bar in red indicates where MSP Steel & Power'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.
MSP Steel & Power (NSE:MSPL) has a Net Margin % of 10.44% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on MSP Steel & Power and its competitors. According to the industry distribution chart, MSP Steel & Power ranks #349 out of 615 companies in the Steel industry, placing it in the top 56.7%.
Is MSP Steel & Power's Net Margin % too high?
MSP Steel & Power's current Net Margin % is 10.44%. The Steel industry median Net Margin % is 1.86. MSP Steel & Power's value of 10.44% is 461.3% above this industry median. Based on the distribution chart, MSP Steel & Power ranks #349 out of 615 companies in the Steel industry, which is below the industry midpoint. Overall, MSP Steel & Power has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MSP Steel & Power's Net Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, MSP Steel & Power ranks #349 out of 615 companies for Net Margin %. This places MSP Steel & Power in the lower half of its industry. The industry median Net Margin % is 1.86. MSP Steel & Power's value of 10.44% is 461.3% above this benchmark. 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. MSP Steel & Power's current Net Margin % of 10.44% is 461.3% 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 MSP Steel & Power 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. MSP Steel & Power's current Net Margin % is 10.44%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MSP Steel & Power stock overvalued right now?
Based on GuruFocus' analysis, MSP Steel & Power (NSE:MSPL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹21.31, compared to a current price of ₹41.90 — trading 96.6% above its estimated fair value. The current Net Margin % is 10.44% and 461.3% above the Steel industry median of 1.86. MSP Steel & Power's overall GF Score™ is 53/100 with 5 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 MSP Steel & Power (NSE:MSPL), the current Net Margin % is 10.44% 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 MSP Steel & Power (NSE:MSPL) Overvalued in 2026?
Based on GuruFocus' analysis, MSP Steel & Power stock appears to be overvalued.
The current stock price of ₹41.90 is trading 96.6% above its estimated GF Value™ of ₹21.31.
GuruFocus considers MSP Steel & Power to be Significantly Overvalued.
Key valuation signals for NSE:MSPL:
Net Margin %: 10.44%
GF Value™: ₹21.31 vs. price of ₹41.90 (96.6% above fair value)
Industry Position: 461.3% above the Steel median (#349 of 615)
No single metric tells the full story. See the NSE:MSPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MSP Steel & Power Ltd is engaged in the manufacturing of iron and steel products. It is also engaged in the generation and sale of power. Geographically, it derives a majority of its revenue from India. The company's product offerings include TMT Bar, structural steel, and pipes.
53GF Score
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