Rhetan TMT (BOM:543590) Gross Margin % : 24.49% (As of Sep. 2023)

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What is Rhetan TMT Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Rhetan TMT's Gross Profit for the six months ended in Sep. 2023 was ₹85.1 Mil. Rhetan TMT's Revenue for the six months ended in Sep. 2023 was ₹347.6 Mil. Therefore, Rhetan TMT's Gross Margin % for the quarter that ended in Sep. 2023 was 24.49%.

The historical rank and industry rank for Rhetan TMT's Gross Margin % or its related term are showing as below:

BOM:543590' s Gross Margin % Range Over the Past 10 Years
Min: 6.27 Med: 7.99 Max: 16.76
Current: 16.76

During the past 4 years, the highest Gross Margin % of Rhetan TMT was 16.76%. The lowest was 6.27%. And the median was 7.99%.

BOM:543590's Gross Margin % is ranked better than
63.31% of 586 companies
in the Steel industry
Industry Median: 12.94 vs BOM:543590: 16.76

Rhetan TMT had a gross margin of 24.49% for the quarter that ended in Sep. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Rhetan TMT was 0.00% per year.

Rhetan TMT Gross Margin % Historical Data

The historical data trend for Rhetan TMT's Gross 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.

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Rhetan TMT Gross Margin % Chart

Rhetan TMT Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Gross Margin %

7.03

6.27

8.94

11.52

Rhetan TMT Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Margin %	Get a 7-Day Free Trial			12.25	5.98	11.28	11.67	24.49

Competitive Comparison of Rhetan TMT's Gross Margin %

For the Steel subindustry, Rhetan TMT's Gross Margin %, along with its competitors' market caps and Gross 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.

Rhetan TMT's Gross Margin % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Rhetan TMT's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Rhetan TMT's Gross Margin % falls into.

Rhetan TMT Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Rhetan TMT's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	99.1	/	860.215
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(860.215 - 761.155)	/	860.215
	=	11.52 %

Rhetan TMT's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	85.1	/	347.609
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(347.609 - 262.466)	/	347.609
	=	24.49 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Rhetan TMT (BOM:543590) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Rhetan TMT had a gross margin of 24.49% for the quarter that ended in Sep. 2023 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Rhetan TMT Gross Margin % Related Terms

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Rhetan TMT (BOM:543590) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rhetan TMT Ltd (BOM:543590) » Definitions » Gross Margin %

Traded in Other Exchanges

N/A

Address

Rasala Marg, Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Ahmedabad, GJ, IND, 380006

Website

http://www.rhetan.com

Rhetan TMT Ltd manufactures TMT Bars and Round Bars which are used in the construction industry. The products are used in the construction of dams, bridges, residential and commercial towers, and the majority of infrastructure projects in Gujarat.

Rhetan TMT (BOM:543590) Headlines

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