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Step TwoBOM:531509 +6.51%35 Pretax Margin % is -67.51% as of Mar. 2026. GuruFocus rates BOM:531509 with a GF Score™ of 35/100. The stock has 3 warning signs investors should review. Among 537 Credit Services companies, Step Two ranks worse than 92.18% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Step Two's Pre-Tax Income for the
three
months ended in Mar. 2026 was ₹-17.88 Mil. Step Two's Revenue for the
three
months ended in Mar. 2026 was ₹26.49 Mil. Therefore, Step Two's pretax margin for the quarter that ended in Mar. 2026 was -67.51%.
The historical rank and industry rank for Step Two's Pretax Margin % or its related term are showing as below:
BOM:531509'
s Pretax Margin % Range Over the Past 10 Years
Min: -88.26 Med: 40.78 Max: 149.61
Current: -88.26
BOM:531509's Pretax Margin % is ranked worse than 92.18% of 537
companies
in the Credit Services industry
Industry Median: 20.37
vs BOM:531509: -88.26
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.
Step Two Pretax Margin % Related Terms
Step Two Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Step Two'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:531509 vs V, MA, AXP: Pretax Margin % Comparison
For the Credit Services subindustry, Step Two'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.
Step Two Pretax Margin % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Step Two's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Step Two'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.
Step Two (BOM:531509) has a Pretax Margin % of -67.51% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Step Two and its competitors. According to the industry distribution chart, Step Two ranks #495 out of 537 companies in the Credit Services industry, placing it in the top 92.2%.
Is Step Two's Pretax Margin % too high?
Step Two's current Pretax Margin % is -67.51%. Based on the distribution chart, Step Two ranks #495 out of 537 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Step Two has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Step Two's Pretax Margin % compare to V and MA?
According to the Credit Services industry distribution chart, Step Two ranks #495 out of 537 companies for Pretax Margin %. This places Step Two in the lower half of its industry. The industry median Pretax Margin % is 20.37. 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 Credit Services company?
The median Pretax Margin % among Credit Services companies is 20.37, based on 537 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. 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 Step Two and its competitors. For the Credit Services industry, the median Pretax Margin % is 20.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Step Two's current Pretax Margin % is -67.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Step Two stock overvalued right now?
Step Two (BOM:531509) has a current Pretax Margin % of -67.51%. The current Pretax Margin % is -67.51%. Step Two's overall GF Score™ is 35/100 with 3 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 Step Two (BOM:531509), the current Pretax Margin % is -67.51% 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.
Step Two Corp Ltd is a registered non-banking finance company engaged in the business of providing finance. The Company is engaged in providing Business Loans, and is also engaged in Trading and Investment in Shares & Securities. The majority of the revenue is generated from Interest Income.
35GF Score
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