NMDCBOM:526371 -0.23%87 Pretax Margin % is 25.33% as of Mar. 2026, which is 49% below its 10-year median of 49.35. GuruFocus rates BOM:526371 with a GF Score™ of 87/100 and a GF Value™ of ₹95.83 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 611 Steel companies, NMDC ranks better than 96.4% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. NMDC's Pre-Tax Income for the
three
months ended in Mar. 2026 was ₹28,729 Mil. NMDC's Revenue for the
three
months ended in Mar. 2026 was ₹113,431 Mil. Therefore, NMDC's pretax margin for the quarter that ended in Mar. 2026 was 25.33%.
The historical rank and industry rank for NMDC's Pretax Margin % or its related term are showing as below:
BOM:526371'
s Pretax Margin % Range Over the Past 10 Years
Min: 31.65 Med: 49.35 Max: 59.2
Current: 31.65
BOM:526371's Pretax Margin % is ranked better than 96.4% of 611
companies
in the Steel industry
Industry Median: 2.58
vs BOM:526371: 31.65
NMDC (BOM:526371) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
NMDC Pretax Margin % Related Terms
NMDC Pretax Margin % Historical Data
* Premium members only.
The historical data trend for NMDC's Pretax 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:526371 vs NUE, STLD, RS: Pretax Margin % Comparison
For the Steel subindustry, NMDC's Pretax Margin %, along with its competitors' market caps and Pretax 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.
NMDC Pretax Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, NMDC's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where NMDC's Pretax Margin % falls into.
* 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.
NMDC (BOM:526371) has a Pretax Margin % of 25.33% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on NMDC and its competitors. This is 49% below median its historical median of 49.35. Over the past decade, NMDC's Pretax Margin % has ranged from 31.65 to 59.20. According to the industry distribution chart, NMDC ranks #22 out of 611 companies in the Steel industry, placing it in the top 3.6%.
Is NMDC's Pretax Margin % too high?
NMDC's current Pretax Margin % of 25.33% is 49% below median its 10-year median of 49.35. Over the past 10 years, this metric has ranged from a low of 31.65 to a high of 59.20. The Steel industry median Pretax Margin % is 2.58. NMDC's value of 25.33% is 881.8% above this industry median. Based on the distribution chart, NMDC ranks #22 out of 611 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, NMDC has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NMDC's Pretax Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, NMDC ranks #22 out of 611 companies for Pretax Margin %. This places NMDC in the top 4% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 2.58. NMDC's value of 25.33% is 881.8% above this benchmark. Historically, NMDC's own Pretax Margin % has ranged from 31.65 to 59.20 over the past decade. While the company's 10-year median is 49.35 vs. the industry median of 2.58, NMDC 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 Pretax Margin % for a Steel company?
The median Pretax Margin % among Steel companies is 2.58, based on 611 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NMDC's current Pretax Margin % of 25.33% is 881.8% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on NMDC and its competitors. For the Steel industry, the median Pretax Margin % is 2.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NMDC's current Pretax Margin % is 25.33%, which is 49% below median its own 10-year median of 49.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NMDC stock overvalued right now?
Based on GuruFocus' analysis, NMDC (BOM:526371) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹95.83, compared to a current price of ₹85.41 — trading 10.9% below its estimated fair value. The current Pretax Margin % is 25.33%, which is 49% below median its 10-year median of 49.35 and 881.8% above the Steel industry median of 2.58. NMDC's overall GF Score™ is 87/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For NMDC (BOM:526371), the current Pretax Margin % is 25.33% 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 NMDC (BOM:526371) Overvalued in 2026?
Based on GuruFocus' analysis, NMDC stock appears to be undervalued.
The current stock price of ₹85.41 is trading 10.9% below its estimated GF Value™ of ₹95.83.
GuruFocus considers NMDC to be Modestly Undervalued.
Key valuation signals for BOM:526371:
Pretax Margin %: 25.33% (49% below median its 10-year median of 49.35)
GF Value™: ₹95.83 vs. price of ₹85.41 (10.9% below fair value)
Industry Position: 881.8% above the Steel median (#22 of 611)
No single metric tells the full story. See the BOM:526371 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NMDC Ltd is engaged in the mining of a wide range of minerals, including iron ore, copper, sponge iron, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands. The company also owns a windmill project in Karnataka. Its business segments include Iron ore, and All others (Pellets, Other Minerals & Services). The iron ore segment accounts for a majority of its revenue. Geographically, the company generates the majority of its revenue from the Indian domestic market.
87GF Score
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Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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