JSW SteelNSE:JSWSTEEL +0.62%87 Pretax Margin % is 44.94% as of Mar. 2026, which is 342% above its 10-year median of 10.16. GuruFocus rates NSE:JSWSTEEL with a GF Score™ of 87/100 and a GF Value™ of ₹1,038.76 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 611 Steel companies, JSW Steel ranks better than 90.34% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. JSW Steel's Pre-Tax Income for the
three
months ended in Mar. 2026 was ₹223,770 Mil. JSW Steel's Revenue for the
three
months ended in Mar. 2026 was ₹497,980 Mil. Therefore, JSW Steel's pretax margin for the quarter that ended in Mar. 2026 was 44.94%.
The historical rank and industry rank for JSW Steel's Pretax Margin % or its related term are showing as below:
NSE:JSWSTEEL'
s Pretax Margin % Range Over the Past 10 Years
Min: 3.05 Med: 10.16 Max: 20.68
Current: 16.07
NSE:JSWSTEEL's Pretax Margin % is ranked better than 90.34% of 611
companies
in the Steel industry
Industry Median: 2.58
vs NSE:JSWSTEEL: 16.07
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.
JSW Steel Pretax Margin % Related Terms
JSW Steel Pretax Margin % Historical Data
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The historical data trend for JSW Steel'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.
NSE:JSWSTEEL vs NUE, STLD, RS: Pretax Margin % Comparison
For the Steel subindustry, JSW Steel'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.
JSW Steel Pretax Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, JSW Steel's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where JSW Steel'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.
JSW Steel (NSE:JSWSTEEL) has a Pretax Margin % of 44.94% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on JSW Steel and its competitors. This is 342% above median its historical median of 10.16. Over the past decade, JSW Steel's Pretax Margin % has ranged from 3.05 to 20.68. According to the industry distribution chart, JSW Steel ranks #59 out of 611 companies in the Steel industry, placing it in the top 9.7%.
Is JSW Steel's Pretax Margin % too high?
JSW Steel's current Pretax Margin % of 44.94% is 342% above median its 10-year median of 10.16. Over the past 10 years, this metric has ranged from a low of 3.05 to a high of 20.68. The Steel industry median Pretax Margin % is 2.58. JSW Steel's value of 44.94% is 1641.9% above this industry median. Based on the distribution chart, JSW Steel ranks #59 out of 611 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, JSW Steel has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JSW Steel's Pretax Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, JSW Steel ranks #59 out of 611 companies for Pretax Margin %. This places JSW Steel in the top 10% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 2.58. JSW Steel's value of 44.94% is 1641.9% above this benchmark. Historically, JSW Steel's own Pretax Margin % has ranged from 3.05 to 20.68 over the past decade. While the company's 10-year median is 10.16 vs. the industry median of 2.58, JSW Steel 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. JSW Steel's current Pretax Margin % of 44.94% is 1641.9% 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 JSW Steel 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. JSW Steel's current Pretax Margin % is 44.94%, which is 342% above median its own 10-year median of 10.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSW Steel stock overvalued right now?
Based on GuruFocus' analysis, JSW Steel (NSE:JSWSTEEL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,038.76, compared to a current price of ₹1,223.80 — trading 17.8% above its estimated fair value. The current Pretax Margin % is 44.94%, which is 342% above median its 10-year median of 10.16 and 1641.9% above the Steel industry median of 2.58. JSW Steel's overall GF Score™ is 87/100 with 8 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 JSW Steel (NSE:JSWSTEEL), the current Pretax Margin % is 44.94% 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 JSW Steel (NSE:JSWSTEEL) Overvalued in 2026?
Based on GuruFocus' analysis, JSW Steel stock appears to be overvalued.
The current stock price of ₹1,223.80 is trading 17.8% above its estimated GF Value™ of ₹1,038.76.
GuruFocus considers JSW Steel to be Modestly Overvalued.
Key valuation signals for NSE:JSWSTEEL:
Pretax Margin %: 44.94% (342% above median its 10-year median of 10.16)
GF Value™: ₹1,038.76 vs. price of ₹1,223.80 (17.8% above fair value)
Industry Position: 1641.9% above the Steel median (#59 of 611)
No single metric tells the full story. See the NSE:JSWSTEEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JSW Steel Ltd is an India-based company that is engaged in the business of manufacturing and selling steel products. Its steel products include semis, hot-rolled steel, cold-rolled steel, galvanized steel, color-coated steel, and long products. Its flat steel products (including hot-rolled, cold-rolled, and galvanized products), which account for the majority of the company's steel volume, are used in Indian automotive, construction, infrastructure, engineering, and consumer durable industries. Its long products are used in the Indian construction, infrastructure, and automotive industries. The company generates the majority of its revenue from the Indian domestic market.
87GF Score
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