Master TrustNSE:MASTERTR -2.46%70 Operating Margin % is 34.88% as of Mar. 2026, which is 48% above its 10-year median of 23.60. GuruFocus rates NSE:MASTERTR with a GF Score™ of 70/100 and a GF Value™ of ₹146.59 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 664 Capital Markets companies, Master Trust ranks better than 76.36% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Master Trust's Operating Income for the
three
months ended in Mar. 2026 was ₹630 Mil. Master Trust's Revenue for the
three
months ended in Mar. 2026 was ₹1,806 Mil. Therefore, Master Trust's Operating Margin % for the quarter that ended in Mar. 2026 was 34.88%.
Good Sign:
Master Trust Ltd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Master Trust's Operating Margin % or its related term are showing as below:
NSE:MASTERTR'
s Operating Margin % Range Over the Past 10 Years
Min: 13.6 Med: 23.6 Max: 40.98
Current: 40.25
NSE:MASTERTR's Operating Margin % is ranked better than 76.36% of 664
companies
in the Capital Markets industry
Industry Median: 6.955
vs NSE:MASTERTR: 40.25
Master Trust's 5-Year Average Operating Margin % Growth Rate was 13.80% per year.
Master Trust's Operating Income for the
three
months ended in Mar. 2026 was ₹630 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹2,318 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.
Master Trust Operating Margin % Related Terms
Master Trust Operating Margin % Historical Data
* Premium members only.
The historical data trend for Master Trust'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.
NSE:MASTERTR vs MS, GS, SCHW: Operating Margin % Comparison
For the Capital Markets subindustry, Master 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.
Master Trust Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Master Trust's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Master Trust'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.
Master Trust'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.
Master Trust (NSE:MASTERTR) has a Operating Margin % of 34.88% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Master Trust and its competitors. This is 48% above median its historical median of 23.60. Over the past decade, Master Trust's Operating Margin % has ranged from 13.60 to 40.98. According to the industry distribution chart, Master Trust ranks #157 out of 664 companies in the Capital Markets industry, placing it in the top 23.6%.
Is Master Trust's Operating Margin % too high?
Master Trust's current Operating Margin % of 34.88% is 48% above median its 10-year median of 23.60. Over the past 10 years, this metric has ranged from a low of 13.60 to a high of 40.98. The Capital Markets industry median Operating Margin % is 6.96. Master Trust's value of 34.88% is 401.5% above this industry median. Based on the distribution chart, Master Trust ranks #157 out of 664 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Master Trust has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Master Trust's Operating Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Master Trust ranks #157 out of 664 companies for Operating Margin %. This places Master Trust in the top 24% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 6.96. Master Trust's value of 34.88% is 401.5% above this benchmark. Historically, Master Trust's own Operating Margin % has ranged from 13.60 to 40.98 over the past decade. While the company's 10-year median is 23.60 vs. the industry median of 6.96, Master Trust 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 Capital Markets company?
The median Operating Margin % among Capital Markets companies is 6.96, based on 664 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. Master Trust's current Operating Margin % of 34.88% is 401.5% 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 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 Master Trust and its competitors. For the Capital Markets industry, the median Operating Margin % is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Master Trust's current Operating Margin % is 34.88%, which is 48% above median its own 10-year median of 23.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Master Trust stock overvalued right now?
Based on GuruFocus' analysis, Master Trust (NSE:MASTERTR) is currently considered Possible Value Trap. The stock's GF Value™ is ₹146.59, compared to a current price of ₹76.21 — trading 48% below its estimated fair value. The current Operating Margin % is 34.88%, which is 48% above median its 10-year median of 23.60 and 401.5% above the Capital Markets industry median of 6.96. Master Trust's overall GF Score™ is 70/100 with 3 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 Master Trust (NSE:MASTERTR), the current Operating Margin % is 34.88% 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 Master Trust (NSE:MASTERTR) Overvalued in 2026?
Based on GuruFocus' analysis, Master Trust stock appears to be undervalued.
The current stock price of ₹76.21 is trading 48% below its estimated GF Value™ of ₹146.59.
GuruFocus considers Master Trust to be Possible Value Trap.
Key valuation signals for NSE:MASTERTR:
Operating Margin %: 34.88% (48% above median its 10-year median of 23.60)
GF Value™: ₹146.59 vs. price of ₹76.21 (48% below fair value)
Industry Position: 401.5% above the Capital Markets median (#157 of 664)
No single metric tells the full story. See the NSE:MASTERTR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Master Trust Ltd is a non-banking financial company based in India. It is engaged in the business of lending, sales, and purchases of securities and lands. It offers services broker-assisted trade execution and automated online investing, commodity futures, clearing services for all securities transactions, and other related services. The company operates in two segments, which are Interest and Investment/Trading in Securities & others. The majority of revenue is derived from the Interest segment.
70GF Score
Get the complete analysis for NSE:MASTERTR
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:MASTERTR has been successfully added to your 
