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Munish ForgeNSE:MUNISH +1.16%13 Net Margin % is 3.08% as of Mar. 2026, which is 10% above its 10-year median of 2.81. GuruFocus rates NSE:MUNISH with a GF Score™ of 13/100. The stock has 4 warning signs investors should review. Among 3,031 Industrial Products companies, Munish Forge ranks worse than 58.76% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Munish Forge's Net Income for the
six
months ended in Mar. 2026 was ₹31 Mil. Munish Forge's Revenue for the
six
months ended in Mar. 2026 was ₹1,001 Mil. Therefore, Munish Forge's net margin for the quarter that ended in Mar. 2026 was 3.08%.
The historical rank and industry rank for Munish Forge's Net Margin % or its related term are showing as below:
NSE:MUNISH'
s Net Margin % Range Over the Past 10 Years
Min: 1.17 Med: 2.81 Max: 8.23
Current: 3.08
NSE:MUNISH's Net Margin % is ranked worse than 58.76% of 3031
companies
in the Industrial Products industry
Industry Median: 4.5
vs NSE:MUNISH: 3.08
Munish Forge (NSE:MUNISH) 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.
Munish Forge Net Margin % Related Terms
Munish Forge Net Margin % Historical Data
* Premium members only.
The historical data trend for Munish Forge'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.
Munish Forge Net Margin % Chart
Munish Forge Annual Data
Trend
Mar22
Mar23
Mar24
Mar25
Mar26
Net Margin %
1.17
1.26
2.81
8.23
5.51
Munish Forge Semi-Annual Data
Mar22
Mar23
Mar24
Mar25
Mar26
Net Margin %
0.00
0.00
0.00
8.77
3.08
NSE:MUNISH vs CRS, ATI, MLI: Net Margin % Comparison
For the Metal Fabrication subindustry, Munish Forge'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.
Munish Forge Net Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Munish Forge's Net Margin % distribution charts can be found below:
* The bar in red indicates where Munish Forge'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.
Munish Forge (NSE:MUNISH) has a Net Margin % of 3.08% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Munish Forge and its competitors. This is 10% above median its historical median of 2.81. Over the past decade, Munish Forge's Net Margin % has ranged from 1.17 to 8.23. According to the industry distribution chart, Munish Forge ranks #1781 out of 3031 companies in the Industrial Products industry, placing it in the top 58.8%.
Is Munish Forge's Net Margin % too high?
Munish Forge's current Net Margin % of 3.08% is 10% above median its 10-year median of 2.81. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 8.23. The Industrial Products industry median Net Margin % is 4.50. Munish Forge's value of 3.08% is 31.6% below this industry median. Based on the distribution chart, Munish Forge ranks #1781 out of 3031 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Munish Forge has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Munish Forge's Net Margin % compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Munish Forge ranks #1781 out of 3031 companies for Net Margin %. This places Munish Forge in the lower half of its industry. The industry median Net Margin % is 4.50. Munish Forge's value of 3.08% is 31.6% below this benchmark. Historically, Munish Forge's own Net Margin % has ranged from 1.17 to 8.23 over the past decade. While the company's 10-year median is 2.81 vs. the industry median of 4.50, Munish Forge 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 Net Margin % for an Industrial Products company?
The median Net Margin % among Industrial Products companies is 4.50, based on 3,031 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. Munish Forge's current Net Margin % of 3.08% is 31.6% 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 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 Munish Forge and its competitors. For the Industrial Products industry, the median Net Margin % is 4.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Munish Forge's current Net Margin % is 3.08%, which is 10% above median its own 10-year median of 2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munish Forge stock overvalued right now?
Munish Forge (NSE:MUNISH) has a current Net Margin % of 3.08%. The current Net Margin % is 3.08%, which is 10% above median its 10-year median of 2.81 and 31.6% below the Industrial Products industry median of 4.50. Munish Forge's overall GF Score™ is 13/100 with 4 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 Munish Forge (NSE:MUNISH), the current Net Margin % is 3.08% 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.
Munish Forge Ltd is a manufacturer in the forging and casting industry, specializing in manufacturing premium forged and cast components. It manufactures components like Flange, Scaffolding, Auto parts, Tank tracks chains, Bomb shells, Fence post and steel accessories as per customer specifications and International Standard catering to the requirements of Indian Army and various industries such as Defence, Oil and Gas, Automobile, Construction and Infrastructure.
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