JindalwBOM:500378 +1.20%84 Operating Margin % is 6.78% as of Mar. 2026, which is 19% below its 10-year median of 8.33. GuruFocus rates BOM:500378 with a GF Score™ of 84/100 and a GF Value™ of ₹202.17 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 612 Steel companies, Jindalw ranks better than 78.76% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Jindalw's Operating Income for the
three
months ended in Mar. 2026 was ₹3,141 Mil. Jindalw's Revenue for the
three
months ended in Mar. 2026 was ₹46,335 Mil. Therefore, Jindalw's Operating Margin % for the quarter that ended in Mar. 2026 was 6.78%.
Good Sign:
Jindal Saw Ltd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Jindalw's Operating Margin % or its related term are showing as below:
BOM:500378'
s Operating Margin % Range Over the Past 10 Years
Min: 5.7 Med: 8.33 Max: 13.87
Current: 8.85
BOM:500378's Operating Margin % is ranked better than 78.76% of 612
companies
in the Steel industry
Industry Median: 2.99
vs BOM:500378: 8.85
Jindalw's 5-Year Average Operating Margin % Growth Rate was 12.10% per year.
Jindalw's Operating Income for the
three
months ended in Mar. 2026 was ₹3,141 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹15,843 Mil.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Jindalw Operating Margin % Related Terms
Jindalw Operating Margin % Historical Data
* Premium members only.
The historical data trend for Jindalw's Operating 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.
BOM:500378 vs NUE, STLD, RS: Operating Margin % Comparison
For the Steel subindustry, Jindalw's Operating Margin %, along with its competitors' market caps and Operating 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.
Jindalw Operating Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Jindalw's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Jindalw's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Jindalw's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
Jindalw (BOM:500378) has a Operating Margin % of 6.78% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Jindalw and its competitors. This is 19% below median its historical median of 8.33. Over the past decade, Jindalw's Operating Margin % has ranged from 5.70 to 13.87. According to the industry distribution chart, Jindalw ranks #130 out of 612 companies in the Steel industry, placing it in the top 21.2%.
Is Jindalw's Operating Margin % too high?
Jindalw's current Operating Margin % of 6.78% is 19% below median its 10-year median of 8.33. Over the past 10 years, this metric has ranged from a low of 5.70 to a high of 13.87. The Steel industry median Operating Margin % is 2.99. Jindalw's value of 6.78% is 126.8% above this industry median. Based on the distribution chart, Jindalw ranks #130 out of 612 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Jindalw has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jindalw's Operating Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Jindalw ranks #130 out of 612 companies for Operating Margin %. This places Jindalw in the top 21% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 2.99. Jindalw's value of 6.78% is 126.8% above this benchmark. Historically, Jindalw's own Operating Margin % has ranged from 5.70 to 13.87 over the past decade. While the company's 10-year median is 8.33 vs. the industry median of 2.99, Jindalw 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 Operating Margin % for a Steel company?
The median Operating Margin % among Steel companies is 2.99, based on 612 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Jindalw's current Operating Margin % of 6.78% is 126.8% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Jindalw and its competitors. For the Steel industry, the median Operating Margin % is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jindalw's current Operating Margin % is 6.78%, which is 19% below median its own 10-year median of 8.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jindalw stock overvalued right now?
Based on GuruFocus' analysis, Jindalw (BOM:500378) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹202.17, compared to a current price of ₹261.00 — trading 29.1% above its estimated fair value. The current Operating Margin % is 6.78%, which is 19% below median its 10-year median of 8.33 and 126.8% above the Steel industry median of 2.99. Jindalw's overall GF Score™ is 84/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Jindalw (BOM:500378), the current Operating Margin % is 6.78% 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 Jindalw (BOM:500378) Overvalued in 2026?
Based on GuruFocus' analysis, Jindalw stock appears to be overvalued.
The current stock price of ₹261.00 is trading 29.1% above its estimated GF Value™ of ₹202.17.
GuruFocus considers Jindalw to be Modestly Overvalued.
Key valuation signals for BOM:500378:
Operating Margin %: 6.78% (19% below median its 10-year median of 8.33)
GF Value™: ₹202.17 vs. price of ₹261.00 (29.1% above fair value)
Industry Position: 126.8% above the Steel median (#130 of 612)
No single metric tells the full story. See the BOM:500378 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jindal Saw Ltd is a manufacturer and supplier of Iron & Steel pipes and pellets having manufacturing facilities in India. Its products have applications in oil and gas exploration, transportation, power generation, supply of water for drinking, drainage, irrigation purposes and other industrial applications. Its product portfolio includes Helical & Longitudinal Submerged Arc Welded Pipes, Centrifugal Casted Pipes & Fittings, Carbon Steel/ Alloy Steel (Seamless Pipes & Tubes), Stainless Steel (Seamless & Welded) Pipes & Tubes, and Pellets & Mining. The company derives revenue from the manufacturing of iron and steel pipes and pellets in India.
84GF Score
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