Refractory Shapes (NSE:REFRACTORY) Net Margin %: 8.61% (As of Mar. 2025) — 16% Below Median


NSE:REFRACTORY Refractory Shapes Ltd NSE:REFRACTORY
17 GF Score
Price ₹30.55
! 1 Warning Sign
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What is Refractory Shapes Net Margin %?

Refractory Shapes NSE:REFRACTORY -4.38% 17 Net Margin % is 8.61% as of Mar. 2025, which is 16% below its 10-year median of 10.26. GuruFocus rates NSE:REFRACTORY with a GF Score™ of 17/100. The stock has 1 warning sign investors should review. Among 406 Building Materials companies, Refractory Shapes ranks better than 75.37% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Refractory Shapes's Net Income for the six months ended in Mar. 2025 was ₹30.3 Mil. Refractory Shapes's Revenue for the six months ended in Mar. 2025 was ₹352.4 Mil. Therefore, Refractory Shapes's net margin for the quarter that ended in Mar. 2025 was 8.61%.

The historical rank and industry rank for Refractory Shapes's Net Margin % or its related term are showing as below:

NSE:REFRACTORY' s Net Margin % Range Over the Past 10 Years
Min: 5.05   Med: 10.26   Max: 11.26
Current: 10.65


NSE:REFRACTORY's Net Margin % is ranked better than
75.37% of 406 companies
in the Building Materials industry
Industry Median: 4.52 vs NSE:REFRACTORY: 10.65

Refractory Shapes  (NSE:REFRACTORY) 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.


Refractory Shapes Net Margin % Related Terms


Refractory Shapes Net Margin % Historical Data

* Premium members only.

The historical data trend for Refractory Shapes'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.

Refractory Shapes Net Margin % Chart

Refractory Shapes Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Net Margin %
7.49 11.26 5.05 10.26 10.64

Refractory Shapes Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25
Net Margin % Get a 7-Day Free Trial 0.00 12.17 8.55 13.70 8.61

NSE:REFRACTORY vs CRH, VMC, MLM: Net Margin % Comparison

For the Building Materials subindustry, Refractory Shapes'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.


Refractory Shapes Net Margin % vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Refractory Shapes's Net Margin % distribution charts can be found below:

* The bar in red indicates where Refractory Shapes's Net Margin % falls into.


NSE:REFRACTORY
17GF Score
Refractory Shapes Ltd NSE:REFRACTORY
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Refractory Shapes Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Refractory Shapes's Net Margin for the fiscal year that ended in Mar. 2025 is calculated as

Net Margin=Net Income (A: Mar. 2025 )/Revenue (A: Mar. 2025 )
=62.562/587.713
=10.64 %

Refractory Shapes's Net Margin for the quarter that ended in Mar. 2025 is calculated as

Net Margin=Net Income (Q: Mar. 2025 )/Revenue (Q: Mar. 2025 )
=30.321/352.361
=8.61 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 8.61% mean?
Refractory Shapes (NSE:REFRACTORY) has a Net Margin % of 8.61% as of Mar. 2025. Net margin is the ratio of total net income to net sales. View historical data on Refractory Shapes and its competitors. This is 16% below median its historical median of 10.26. Over the past decade, Refractory Shapes' Net Margin % has ranged from 5.05 to 11.26. According to the industry distribution chart, Refractory Shapes ranks #100 out of 406 companies in the Building Materials industry, placing it in the top 24.6%.
Is Refractory Shapes' Net Margin % too high?
Refractory Shapes' current Net Margin % of 8.61% is 16% below median its 10-year median of 10.26. Over the past 10 years, this metric has ranged from a low of 5.05 to a high of 11.26. The Building Materials industry median Net Margin % is 4.52. Refractory Shapes' value of 8.61% is 90.5% above this industry median. Based on the distribution chart, Refractory Shapes ranks #100 out of 406 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Refractory Shapes has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Refractory Shapes' Net Margin % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Refractory Shapes ranks #100 out of 406 companies for Net Margin %. This places Refractory Shapes in the top 25% of its industry — outperforming the majority of peers. The industry median Net Margin % is 4.52. Refractory Shapes' value of 8.61% is 90.5% above this benchmark. Historically, Refractory Shapes' own Net Margin % has ranged from 5.05 to 11.26 over the past decade. While the company's 10-year median is 10.26 vs. the industry median of 4.52, Refractory Shapes 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 Building Materials company?
The median Net Margin % among Building Materials companies is 4.52, based on 406 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. Refractory Shapes's current Net Margin % of 8.61% is 90.5% 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 Refractory Shapes and its competitors. For the Building Materials industry, the median Net Margin % is 4.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Refractory Shapes's current Net Margin % is 8.61%, which is 16% below median its own 10-year median of 10.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Refractory Shapes stock overvalued right now?
Refractory Shapes (NSE:REFRACTORY) has a current Net Margin % of 8.61%. The current Net Margin % is 8.61%, which is 16% below median its 10-year median of 10.26 and 90.5% above the Building Materials industry median of 4.52. Refractory Shapes' overall GF Score™ is 17/100 with 1 warning sign 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 Refractory Shapes (NSE:REFRACTORY), the current Net Margin % is 8.61% as of Mar. 2025. 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.

Refractory Shapes Business Description

Address Andheri-Kurla Road, B 201, Rustomjee Central Park Chakala, Andheri (East), Mumbai, MH, IND, 400069
Refractory Shapes Ltd is engaged in the production of special shapes, custom-made refractory shapes, and ceramic balls of low and medium purity with top quality and superior performance. The company manufactures bricks, castables, coating materials, high purity alumina catalyst bed supports, and ceramic balls. It serves industries including steel, refineries, fertilizers, petrochemicals, glass, and cement. The company has an international presence across multiple countries and is known for its quality, skilled workforce, and quality assurance.
17GF Score

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