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Surani Steel TubesNSE:SURANI -1.08%61 Pretax Margin % is 0.92% as of Mar. 2026, which is 1% above its 10-year median of 0.91. GuruFocus rates NSE:SURANI with a GF Score™ of 61/100 and a GF Value™ of ₹70.58 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 611 Steel companies, Surani Steel Tubes ranks better than 54.01% on this metric.
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.
Surani Steel Tubes Pretax Margin % Related Terms
Surani Steel Tubes Pretax Margin % Historical Data
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The historical data trend for Surani Steel Tubes'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:SURANI vs NUE, STLD, RS: Pretax Margin % Comparison
For the Steel subindustry, Surani Steel 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.
Surani Steel Tubes Pretax Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Surani Steel Tubes's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Surani Steel 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.
Surani Steel Tubes (NSE:SURANI) has a Pretax Margin % of 0.92% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Surani Steel Tubes and its competitors. This is near median its historical median of 0.91. According to the industry distribution chart, Surani Steel Tubes ranks #281 out of 611 companies in the Steel industry, placing it in the top 46%.
Is Surani Steel Tubes' Pretax Margin % too high?
Surani Steel Tubes' current Pretax Margin % of 0.92% is near median its 10-year median of 0.91. The Steel industry median Pretax Margin % is 2.58. Surani Steel Tubes' value of 0.92% is 64.3% below this industry median. Based on the distribution chart, Surani Steel Tubes ranks #281 out of 611 companies in the Steel industry, which is above the industry midpoint. Overall, Surani Steel Tubes has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Surani Steel Tubes' Pretax Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Surani Steel Tubes ranks #281 out of 611 companies for Pretax Margin %. This puts Surani Steel Tubes in the upper half of its industry. The industry median Pretax Margin % is 2.58. Surani Steel Tubes' value of 0.92% is 64.3% below this benchmark. While the company's 10-year median is 0.91 vs. the industry median of 2.58, Surani Steel Tubes has consistently been below 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. Surani Steel Tubes's current Pretax Margin % of 0.92% is 64.3% below 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 Surani Steel Tubes 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. Surani Steel Tubes's current Pretax Margin % is 0.92%, which is near median its own 10-year median of 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Surani Steel Tubes stock overvalued right now?
Based on GuruFocus' analysis, Surani Steel Tubes (NSE:SURANI) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹70.58, compared to a current price of ₹100.70 — trading 42.7% above its estimated fair value. The current Pretax Margin % is 0.92%, which is near median its 10-year median of 0.91 and 64.3% below the Steel industry median of 2.58. Surani Steel Tubes' overall GF Score™ is 61/100 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 Surani Steel Tubes (NSE:SURANI), the current Pretax Margin % is 0.92% 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 Surani Steel Tubes (NSE:SURANI) Overvalued in 2026?
Based on GuruFocus' analysis, Surani Steel Tubes stock appears to be overvalued.
The current stock price of ₹100.70 is trading 42.7% above its estimated GF Value™ of ₹70.58.
GuruFocus considers Surani Steel Tubes to be Significantly Overvalued.
Key valuation signals for NSE:SURANI:
Pretax Margin %: 0.92% (near median its 10-year median of 0.91)
GF Value™: ₹70.58 vs. price of ₹100.70 (42.7% above fair value)
Industry Position: 64.3% below the Steel median (#281 of 611)
No single metric tells the full story. See the NSE:SURANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Surani Steel Tubes Ltd is engaged in manufacturing and supplying ERW pipes and steel tubes. The company operates a single segment named manufacturing ERW MS PIPES and trading of MS PIPE. The company's products include ERW Round Pipes and Tubes, Square and Rectangle Hollow Sections, MS Slit Coils and Strips, Hot Roll Coils, and others. Geographically, it operates only in India.
61GF Score
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