VMS TMTNSE:VMSTMT -1.09%12 Operating Margin % is 3.82% as of Mar. 2026, which is 11% below its 10-year median of 4.30. GuruFocus rates NSE:VMSTMT with a GF Score™ of 12/100. The stock has 3 warning signs investors should review. Among 616 Steel companies, VMS TMT ranks better than 68.51% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. VMS TMT's Operating Income for the
three
months ended in Mar. 2026 was ₹92 Mil. VMS TMT's Revenue for the
three
months ended in Mar. 2026 was ₹2,411 Mil. Therefore, VMS TMT's Operating Margin % for the quarter that ended in Mar. 2026 was 3.82%.
The historical rank and industry rank for VMS TMT's Operating Margin % or its related term are showing as below:
NSE:VMSTMT'
s Operating Margin % Range Over the Past 10 Years
Min: 2.09 Med: 4.3 Max: 6.2
Current: 6.2
NSE:VMSTMT's Operating Margin % is ranked better than 68.51% of 616
companies
in the Steel industry
Industry Median: 3
vs NSE:VMSTMT: 6.20
VMS TMT's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
VMS TMT's Operating Income for the
three
months ended in Mar. 2026 was ₹92 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹519 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.
VMS TMT Operating Margin % Related Terms
VMS TMT Operating Margin % Historical Data
* Premium members only.
The historical data trend for VMS TMT'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:VMSTMT vs NUE, STLD, RS: Operating Margin % Comparison
For the Steel subindustry, VMS TMT'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.
VMS TMT Operating Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, VMS TMT's Operating Margin % distribution charts can be found below:
* The bar in red indicates where VMS TMT'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.
VMS TMT'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.
VMS TMT (NSE:VMSTMT) has a Operating Margin % of 3.82% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on VMS TMT and its competitors. This is 11% below median its historical median of 4.30. Over the past decade, VMS TMT's Operating Margin % has ranged from 2.09 to 6.20. According to the industry distribution chart, VMS TMT ranks #194 out of 616 companies in the Steel industry, placing it in the top 31.5%.
Is VMS TMT's Operating Margin % too high?
VMS TMT's current Operating Margin % of 3.82% is 11% below median its 10-year median of 4.30. Over the past 10 years, this metric has ranged from a low of 2.09 to a high of 6.20. The Steel industry median Operating Margin % is 3.00. VMS TMT's value of 3.82% is 27.3% above this industry median. Based on the distribution chart, VMS TMT ranks #194 out of 616 companies in the Steel industry, which is above the industry midpoint. Overall, VMS TMT has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does VMS TMT's Operating Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, VMS TMT ranks #194 out of 616 companies for Operating Margin %. This puts VMS TMT in the upper half of its industry. The industry median Operating Margin % is 3.00. VMS TMT's value of 3.82% is 27.3% above this benchmark. Historically, VMS TMT's own Operating Margin % has ranged from 2.09 to 6.20 over the past decade. While the company's 10-year median is 4.30 vs. the industry median of 3.00, VMS TMT 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 3.00, based on 616 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. VMS TMT's current Operating Margin % of 3.82% is 27.3% 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 VMS TMT and its competitors. For the Steel industry, the median Operating Margin % is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VMS TMT's current Operating Margin % is 3.82%, which is 11% below median its own 10-year median of 4.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VMS TMT stock overvalued right now?
VMS TMT (NSE:VMSTMT) has a current Operating Margin % of 3.82%. The current Operating Margin % is 3.82%, which is 11% below median its 10-year median of 4.30 and 27.3% above the Steel industry median of 3.00. VMS TMT's overall GF Score™ is 12/100 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 VMS TMT (NSE:VMSTMT), the current Operating Margin % is 3.82% 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.
VMS TMT Ltd is engaged in manufacturing of Thermo Mechanically Treated Bars (TMT Bars) at its manufacturing facility situated at Bhayla Village, Ahmedabad, Gujarat, India. TMT Bars are high-strength reinforcement steel used widely in construction industry due to their exceptional strength, ductility, and corrosion resistance. Its revenue from operations also includes sale of scrap, binding wires and billets.
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