Incredible IndustriesBOM:538365 +4.35%73 Operating Margin % is 3.12% as of Mar. 2026, which is 48% above its 10-year median of 2.11. GuruFocus rates BOM:538365 with a GF Score™ of 73/100 and a GF Value™ of ₹45.27 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 612 Steel companies, Incredible Industries ranks worse than 57.35% on this metric.
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.
Incredible Industries Operating Margin % Related Terms
Incredible Industries Operating Margin % Historical Data
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The historical data trend for Incredible Industries'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:538365 vs NUE, STLD, RS: Operating Margin % Comparison
For the Steel subindustry, Incredible Industries'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.
Incredible Industries Operating Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Incredible Industries's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Incredible Industries'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.
Incredible Industries'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.
Incredible Industries (BOM:538365) has a Operating Margin % of 3.12% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Incredible Industries and its competitors. This is 48% above median its historical median of 2.11. Over the past decade, Incredible Industries' Operating Margin % has ranged from 1.28 to 5.56. According to the industry distribution chart, Incredible Industries ranks #351 out of 612 companies in the Steel industry, placing it in the top 57.4%.
Is Incredible Industries' Operating Margin % too high?
Incredible Industries' current Operating Margin % of 3.12% is 48% above median its 10-year median of 2.11. Over the past 10 years, this metric has ranged from a low of 1.28 to a high of 5.56. The Steel industry median Operating Margin % is 2.99. Incredible Industries' value of 3.12% is 4.3% above this industry median. Based on the distribution chart, Incredible Industries ranks #351 out of 612 companies in the Steel industry, which is below the industry midpoint. Overall, Incredible Industries has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Incredible Industries' Operating Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Incredible Industries ranks #351 out of 612 companies for Operating Margin %. This places Incredible Industries in the lower half of its industry. The industry median Operating Margin % is 2.99. Incredible Industries' value of 3.12% is 4.3% above this benchmark. Historically, Incredible Industries' own Operating Margin % has ranged from 1.28 to 5.56 over the past decade. While the company's 10-year median is 2.11 vs. the industry median of 2.99, Incredible Industries 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. Incredible Industries's current Operating Margin % of 3.12% is 4.3% 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 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 Incredible Industries 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. Incredible Industries's current Operating Margin % is 3.12%, which is 48% above median its own 10-year median of 2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Incredible Industries stock overvalued right now?
Based on GuruFocus' analysis, Incredible Industries (BOM:538365) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹45.27, compared to a current price of ₹34.57 — trading 23.6% below its estimated fair value. The current Operating Margin % is 3.12%, which is 48% above median its 10-year median of 2.11 and 4.3% above the Steel industry median of 2.99. Incredible Industries' overall GF Score™ is 73/100 with 2 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 Incredible Industries (BOM:538365), the current Operating Margin % is 3.12% 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 Incredible Industries (BOM:538365) Overvalued in 2026?
Based on GuruFocus' analysis, Incredible Industries stock appears to be undervalued.
The current stock price of ₹34.57 is trading 23.6% below its estimated GF Value™ of ₹45.27.
GuruFocus considers Incredible Industries to be Modestly Undervalued.
Key valuation signals for BOM:538365:
Operating Margin %: 3.12% (48% above median its 10-year median of 2.11)
GF Value™: ₹45.27 vs. price of ₹34.57 (23.6% below fair value)
Industry Position: 4.3% above the Steel median (#351 of 612)
No single metric tells the full story. See the BOM:538365 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Incredible Industries Ltd is engaged in the manufacturing and sale of iron and steel-related rolled products. It is engaged in the production of wire rods, H.B wire rods, and thermomechanically treated(TMT) bars which are mainly used in the construction and infrastructure as well as in the manufacturing units. The firm operates through the iron and steel products segment.
73GF Score
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