VMS TMTNSE:VMSTMT +1.55%12 Pretax Margin % is 1.32% as of Mar. 2026, which is 40% below its 10-year median of 2.21. GuruFocus rates NSE:VMSTMT with a GF Score™ of 12/100. The stock has 3 warning signs investors should review. Among 611 Steel companies, VMS TMT ranks better than 53.85% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. VMS TMT's Pre-Tax Income for the
three
months ended in Mar. 2026 was ₹32 Mil. VMS TMT's Revenue for the
three
months ended in Mar. 2026 was ₹2,411 Mil. Therefore, VMS TMT's pretax margin for the quarter that ended in Mar. 2026 was 1.32%.
The historical rank and industry rank for VMS TMT's Pretax Margin % or its related term are showing as below:
NSE:VMSTMT'
s Pretax Margin % Range Over the Past 10 Years
Min: 0.63 Med: 2.21 Max: 3.24
Current: 3.24
NSE:VMSTMT's Pretax Margin % is ranked better than 53.85% of 611
companies
in the Steel industry
Industry Median: 2.58
vs NSE:VMSTMT: 3.24
VMS TMT (NSE:VMSTMT) 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.
VMS TMT Pretax Margin % Related Terms
VMS TMT Pretax Margin % Historical Data
* Premium members only.
The historical data trend for VMS TMT'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:VMSTMT vs NUE, STLD, RS: Pretax Margin % Comparison
For the Steel subindustry, VMS TMT'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.
VMS TMT Pretax Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, VMS TMT's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where VMS TMT'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.
VMS TMT (NSE:VMSTMT) has a Pretax Margin % of 1.32% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on VMS TMT and its competitors. This is 40% below median its historical median of 2.21. Over the past decade, VMS TMT's Pretax Margin % has ranged from 0.63 to 3.24. According to the industry distribution chart, VMS TMT ranks #282 out of 611 companies in the Steel industry, placing it in the top 46.2%.
Is VMS TMT's Pretax Margin % too high?
VMS TMT's current Pretax Margin % of 1.32% is 40% below median its 10-year median of 2.21. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 3.24. The Steel industry median Pretax Margin % is 2.58. VMS TMT's value of 1.32% is 48.8% below this industry median. Based on the distribution chart, VMS TMT ranks #282 out of 611 companies in the Steel industry, which is above the industry midpoint. Overall, VMS TMT has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does VMS TMT's Pretax Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, VMS TMT ranks #282 out of 611 companies for Pretax Margin %. This puts VMS TMT in the upper half of its industry. The industry median Pretax Margin % is 2.58. VMS TMT's value of 1.32% is 48.8% below this benchmark. Historically, VMS TMT's own Pretax Margin % has ranged from 0.63 to 3.24 over the past decade. While the company's 10-year median is 2.21 vs. the industry median of 2.58, VMS TMT 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. VMS TMT's current Pretax Margin % of 1.32% is 48.8% 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 VMS TMT 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. VMS TMT's current Pretax Margin % is 1.32%, which is 40% below median its own 10-year median of 2.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VMS TMT stock overvalued right now?
VMS TMT (NSE:VMSTMT) has a current Pretax Margin % of 1.32%. The current Pretax Margin % is 1.32%, which is 40% below median its 10-year median of 2.21 and 48.8% below the Steel industry median of 2.58. VMS TMT's overall GF Score™ is 12/100 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 VMS TMT (NSE:VMSTMT), the current Pretax Margin % is 1.32% 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.
VMS TMT Ltd is engaged in manufacturing of Thermo Mechanically Treated Bars (TMT Bars) at its manufacturing facility situated at Bhayla Village, Ahmedabad, Gujarat, India. TMT Bars are high-strength reinforcement steel used widely in construction industry due to their exceptional strength, ductility, and corrosion resistance. Its revenue from operations also includes sale of scrap, binding wires and billets.
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