NSL Foods PCL (BKK:NSL) Gross Margin %: 19.96% (As of Mar. 2026) — Near Median

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BKK:NSL NSL Foods PCL BKK:NSL
88 GF Score
Price ฿22.70
GF Value ฿35.92
Valuation Possible Value Trap
! 1 Warning Sign
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What is NSL Foods PCL Gross Margin %?

NSL Foods PCL BKK:NSL -0.87% 88 Gross Margin % is 19.96% as of Mar. 2026, which is 8% above its 10-year median of 18.42. GuruFocus rates BKK:NSL with a GF Score™ of 88/100 and a GF Value™ of ฿35.92 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 1,908 Consumer Packaged Goods companies, NSL Foods PCL ranks worse than 66.04% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. NSL Foods PCL's Gross Profit for the three months ended in Mar. 2026 was ฿373 Mil. NSL Foods PCL's Revenue for the three months ended in Mar. 2026 was ฿1,869 Mil. Therefore, NSL Foods PCL's Gross Margin % for the quarter that ended in Mar. 2026 was 19.96%.


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

BKK:NSL' s Gross Margin % Range Over the Past 10 Years
Min: 14.93   Med: 18.42   Max: 20.71
Current: 19.25


During the past 7 years, the highest Gross Margin % of NSL Foods PCL was 20.71%. The lowest was 14.93%. And the median was 18.42%.

BKK:NSL's Gross Margin % is ranked worse than
66.04% of 1908 companies
in the Consumer Packaged Goods industry
Industry Median: 26.345 vs BKK:NSL: 19.25

NSL Foods PCL had a gross margin of 19.96% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for NSL Foods PCL was 4.00% per year.


NSL Foods PCL  (BKK:NSL) 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

NSL Foods PCL had a gross margin of 19.96% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage


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.


NSL Foods PCL Gross Margin % Related Terms


NSL Foods PCL Gross Margin % Historical Data

* Premium members only.

The historical data trend for NSL Foods PCL'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.

NSL Foods PCL Gross Margin % Chart

NSL Foods PCL Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial 17.83 18.55 18.42 20.71 19.60

NSL Foods PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.46 20.21 18.03 18.68 19.96

BKK:NSL vs KHC, GIS: Gross Margin % Comparison

For the Packaged Foods subindustry, NSL Foods PCL'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.


NSL Foods PCL Gross Margin % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, NSL Foods PCL's Gross Margin % distribution charts can be found below:

* The bar in red indicates where NSL Foods PCL's Gross Margin % falls into.


BKK:NSL
88GF Score
NSL Foods PCL BKK:NSL
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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NSL Foods PCL Gross Margin % Calculation

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

NSL Foods PCL's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=1356.7 / 6922.138
=(Revenue - Cost of Goods Sold) / Revenue
=(6922.138 - 5565.412) / 6922.138
=19.60 %

NSL Foods PCL's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=373.1 / 1869.41
=(Revenue - Cost of Goods Sold) / Revenue
=(1869.41 - 1496.292) / 1869.41
=19.96 %

* 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.

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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 19.96% mean?
NSL Foods PCL (BKK:NSL) has a Gross Margin % of 19.96% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on NSL Foods PCL and its competitors. This is near median its historical median of 18.42. Over the past decade, NSL Foods PCL's Gross Margin % has ranged from 14.93 to 20.71. According to the industry distribution chart, NSL Foods PCL ranks #1260 out of 1908 companies in the Consumer Packaged Goods industry, placing it in the top 66%.
Is NSL Foods PCL's Gross Margin % too high?
NSL Foods PCL's current Gross Margin % of 19.96% is near median its 10-year median of 18.42. Over the past 10 years, this metric has ranged from a low of 14.93 to a high of 20.71. The Consumer Packaged Goods industry median Gross Margin % is 26.35. NSL Foods PCL's value of 19.96% is 24.2% below this industry median. Based on the distribution chart, NSL Foods PCL ranks #1260 out of 1908 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, NSL Foods PCL has a GF Score™ of 88/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NSL Foods PCL's Gross Margin % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, NSL Foods PCL ranks #1260 out of 1908 companies for Gross Margin %. This places NSL Foods PCL in the lower half of its industry. The industry median Gross Margin % is 26.35. NSL Foods PCL's value of 19.96% is 24.2% below this benchmark. Historically, NSL Foods PCL's own Gross Margin % has ranged from 14.93 to 20.71 over the past decade. While the company's 10-year median is 18.42 vs. the industry median of 26.35, NSL Foods PCL 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 Gross Margin % for a Consumer Packaged Goods company?
The median Gross Margin % among Consumer Packaged Goods companies is 26.35, based on 1,908 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NSL Foods PCL's current Gross Margin % of 19.96% is 24.2% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on NSL Foods PCL and its competitors. For the Consumer Packaged Goods industry, the median Gross Margin % is 26.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NSL Foods PCL's current Gross Margin % is 19.96%, which is near median its own 10-year median of 18.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NSL Foods PCL stock overvalued right now?
Based on GuruFocus' analysis, NSL Foods PCL (BKK:NSL) is currently considered Possible Value Trap. The stock's GF Value™ is ฿35.92, compared to a current price of ฿22.70 — trading 36.8% below its estimated fair value. The current Gross Margin % is 19.96%, which is near median its 10-year median of 18.42 and 24.2% below the Consumer Packaged Goods industry median of 26.35. NSL Foods PCL's overall GF Score™ is 88/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For NSL Foods PCL (BKK:NSL), the current Gross Margin % is 19.96% 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 NSL Foods PCL (BKK:NSL) Overvalued in 2026?

Based on GuruFocus' analysis, NSL Foods PCL stock appears to be undervalued. The current stock price of ฿22.70 is trading 36.8% below its estimated GF Value™ of ฿35.92. GuruFocus considers NSL Foods PCL to be Possible Value Trap.

Key valuation signals for BKK:NSL:

  • Gross Margin %: 19.96% (near median its 10-year median of 18.42)
  • GF Value™: ฿35.92 vs. price of ฿22.70 (36.8% below fair value)
  • GF Score™: 88/100 with 1 warning sign
  • Industry Position: 24.2% below the Consumer Packaged Goods median (#1260 of 1908)

No single metric tells the full story. See the BKK:NSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NSL Foods PCL Business Description

Address Bangbuathong-Nonthaburi bridge (345) Road, 55/22 Moo 3, Tambol Lam Pho, Ampher Bang Bua Thong, Nonthaburi, THA, 11110
NSL Foods PCL is engaged in the production and distribution of a wide range of food products, including bakery items, snacks, ready-to-eat meals, and beverages. The company also imports and distributes frozen seafood, imported beef, and a variety of other food items. Geographically, it operates in Thailand.
88GF Score

Get the complete analysis for BKK:NSL

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿22.70
Price
฿35.92
GF Value