National Highways Infra TrustNSE:IVNHIT 45 Operating Margin % is 42.79% as of Mar. 2026, which is 17% below its 10-year median of 51.29. GuruFocus rates NSE:IVNHIT with a GF Score™ of 45/100 and a GF Value™ of ₹250.59 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 749 REITs companies, National Highways Infra Trust ranks worse than 60.75% on this metric.
National Highways Infra Trust (NSE:IVNHIT) Operating Margin % Explanation
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.
National Highways Infra Trust Operating Margin % Related Terms
National Highways Infra Trust Operating Margin % Historical Data
* 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.
National Highways Infra Trust Operating Margin % Chart
NSE:IVNHIT vs EQIX, AMT, DLR: Operating Margin % Comparison
For the REIT - Specialty subindustry, National Highways Infra Trust'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.
National Highways Infra Trust Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, National Highways Infra Trust's Operating Margin % distribution charts can be found below:
* The bar in red indicates where National Highways Infra Trust's Operating Margin % falls into.
National Highways Infra Trust Operating Margin % Calculation
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.
* 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.
National Highways Infra Trust (NSE:IVNHIT) has a Operating Margin % of 42.79% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on National Highways Infra Trust and its competitors. This is 17% below median its historical median of 51.29. Over the past decade, National Highways Infra Trust's Operating Margin % has ranged from 46.68 to 65.55. According to the industry distribution chart, National Highways Infra Trust ranks #455 out of 749 companies in the REITs industry, placing it in the top 60.7%.
Is National Highways Infra Trust's Operating Margin % too high?
National Highways Infra Trust's current Operating Margin % of 42.79% is 17% below median its 10-year median of 51.29. Over the past 10 years, this metric has ranged from a low of 46.68 to a high of 65.55. The REITs industry median Operating Margin % is 52.71. National Highways Infra Trust's value of 42.79% is 18.8% below this industry median. Based on the distribution chart, National Highways Infra Trust ranks #455 out of 749 companies in the REITs industry, which is below the industry midpoint. Overall, National Highways Infra Trust has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does National Highways Infra Trust's Operating Margin % compare to EQIX and AMT?
According to the REITs industry distribution chart, National Highways Infra Trust ranks #455 out of 749 companies for Operating Margin %. This places National Highways Infra Trust in the lower half of its industry. The industry median Operating Margin % is 52.71. National Highways Infra Trust's value of 42.79% is 18.8% below this benchmark. Historically, National Highways Infra Trust's own Operating Margin % has ranged from 46.68 to 65.55 over the past decade. While the company's 10-year median is 51.29 vs. the industry median of 52.71, National Highways Infra Trust 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 Operating Margin % for a REITs company?
The median Operating Margin % among REITs companies is 52.71, based on 749 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. National Highways Infra Trust's current Operating Margin % of 42.79% is 18.8% 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 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 National Highways Infra Trust and its competitors. For the REITs industry, the median Operating Margin % is 52.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Highways Infra Trust's current Operating Margin % is 42.79%, which is 17% below median its own 10-year median of 51.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Highways Infra Trust stock overvalued right now?
Based on GuruFocus' analysis, National Highways Infra Trust (NSE:IVNHIT) is currently considered Possible Value Trap. The stock's GF Value™ is ₹250.59, compared to a current price of ₹167.95 — trading 33% below its estimated fair value. The current Operating Margin % is 42.79%, which is 17% below median its 10-year median of 51.29 and 18.8% below the REITs industry median of 52.71. National Highways Infra Trust's overall GF Score™ is 45/100 with 7 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 National Highways Infra Trust (NSE:IVNHIT), the current Operating Margin % is 42.79% 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 National Highways Infra Trust (NSE:IVNHIT) Overvalued in 2026?
Based on GuruFocus' analysis, National Highways Infra Trust stock appears to be undervalued.
The current stock price of ₹167.95 is trading 33% below its estimated GF Value™ of ₹250.59.
GuruFocus considers National Highways Infra Trust to be Possible Value Trap.
Key valuation signals for NSE:IVNHIT:
Operating Margin %: 42.79% (17% below median its 10-year median of 51.29)
GF Value™: ₹250.59 vs. price of ₹167.95 (33% below fair value)
Industry Position: 18.8% below the REITs median (#455 of 749)
No single metric tells the full story. See the NSE:IVNHIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Highways Infra Trust Business Description
National Highways Infra Trust is an infrastructure investment trust established for making investments in special purpose vehicles. Its projects include the Abu Road Project, Swaroopganj Project, Kota & Chittorgarh Bypass Project, Kurnool Highway Project, and Belgaum Project.
45GF Score
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