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.
Ratnamani Metals & Tubes Pretax Margin % Related Terms
Ratnamani Metals & Tubes Pretax Margin % Historical Data
* 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:RATNAMANI vs NUE, STLD, RS: Pretax Margin % Comparison
For the Steel subindustry, Ratnamani Metals & Tubes'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.
Ratnamani Metals & Tubes Pretax Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Ratnamani Metals & Tubes's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Ratnamani Metals & Tubes'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.
Ratnamani Metals & Tubes (NSE:RATNAMANI) has a Pretax Margin % of 14.20% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Ratnamani Metals & Tubes and its competitors. This is near median its historical median of 15.04. Over the past decade, Ratnamani Metals & Tubes' Pretax Margin % has ranged from 12.89 to 16.46. According to the industry distribution chart, Ratnamani Metals & Tubes ranks #61 out of 610 companies in the Steel industry, placing it in the top 10%.
Is Ratnamani Metals & Tubes' Pretax Margin % too high?
Ratnamani Metals & Tubes' current Pretax Margin % of 14.20% is near median its 10-year median of 15.04. Over the past 10 years, this metric has ranged from a low of 12.89 to a high of 16.46. The Steel industry median Pretax Margin % is 2.59. Ratnamani Metals & Tubes' value of 14.20% is 449.3% above this industry median. Based on the distribution chart, Ratnamani Metals & Tubes ranks #61 out of 610 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Ratnamani Metals & Tubes has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ratnamani Metals & Tubes' Pretax Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Ratnamani Metals & Tubes ranks #61 out of 610 companies for Pretax Margin %. This places Ratnamani Metals & Tubes in the top 10% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 2.59. Ratnamani Metals & Tubes' value of 14.20% is 449.3% above this benchmark. Historically, Ratnamani Metals & Tubes' own Pretax Margin % has ranged from 12.89 to 16.46 over the past decade. While the company's 10-year median is 15.04 vs. the industry median of 2.59, Ratnamani Metals & Tubes 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 2.59, based on 610 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. Ratnamani Metals & Tubes's current Pretax Margin % of 14.20% is 449.3% 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 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 Ratnamani Metals & Tubes and its competitors. For the Steel industry, the median Pretax Margin % is 2.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ratnamani Metals & Tubes's current Pretax Margin % is 14.20%, which is near median its own 10-year median of 15.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratnamani Metals & Tubes stock overvalued right now?
Based on GuruFocus' analysis, Ratnamani Metals & Tubes (NSE:RATNAMANI) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,646.85, compared to a current price of ₹2,603.00 — trading 1.7% below its estimated fair value. The current Pretax Margin % is 14.20%, which is near median its 10-year median of 15.04 and 449.3% above the Steel industry median of 2.59. Ratnamani Metals & Tubes' overall GF Score™ is 97/100 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 Ratnamani Metals & Tubes (NSE:RATNAMANI), the current Pretax Margin % is 14.20% 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 Ratnamani Metals & Tubes (NSE:RATNAMANI) Overvalued in 2026?
Based on GuruFocus' analysis, Ratnamani Metals & Tubes stock appears to be undervalued.
The current stock price of ₹2,603.00 is trading 1.7% below its estimated GF Value™ of ₹2,646.85.
GuruFocus considers Ratnamani Metals & Tubes to be Fairly Valued.
Key valuation signals for NSE:RATNAMANI:
Pretax Margin %: 14.20% (near median its 10-year median of 15.04)
GF Value™: ₹2,646.85 vs. price of ₹2,603.00 (1.7% below fair value)
Industry Position: 449.3% above the Steel median (#61 of 610)
No single metric tells the full story. See the NSE:RATNAMANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressThe First Avenue Road, Off 132 Ft Ring Road, The First, A & B Wing, 9th Floor, Behind Keshav Baug Party Plot, Vastrapur, Ahmedabad, GJ, IND, 380015
Ratnamani Metals & Tubes Ltd is a manufacturer of stainless steel pipes, tubes, and carbon steel pipes. The company's product mix consists of stainless steel tubes and pipes, carbon steel pipes, and external and internal coating solutions. It operates in the Steel Tubes and Pipes segment. The company's end market by revenue is India. The firm's manufacturing facilities are located in Kutch, Indrad, and Chhatral in the state of Gujarat.
97GF Score
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