BEMLBOM:500048 +0.01%69 Gross Margin % is 47.14% as of Mar. 2026, which is 3% above its 10-year median of 45.59. GuruFocus rates BOM:500048 with a GF Score™ of 69/100 and a GF Value™ of ₹2,046.08 (Fairly Valued). The stock has 3 warning signs investors should review. Among 513 Conglomerates companies, BEML ranks better than 83.43% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. BEML's Gross Profit for the
three
months ended in Mar. 2026 was ₹8,458 Mil. BEML's Revenue for the
three
months ended in Mar. 2026 was ₹17,942 Mil. Therefore, BEML's Gross Margin % for the quarter that ended in Mar. 2026 was 47.14%.
The historical rank and industry rank for BEML's Gross Margin % or its related term are showing as below:
BOM:500048'
s Gross Margin % Range Over the Past 10 Years
Min: 42.33 Med: 45.59 Max: 51.05
Current: 47.63
During the past 13 years, the highestGross Margin % of BEML was 51.05%. The lowest was 42.33%. And the median was 45.59%.
BOM:500048's Gross Margin % is ranked better than 83.43% of 513
companies
in the Conglomerates industry
Industry Median: 25.96
vs BOM:500048: 47.63
BEML had a gross margin of 47.14% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for BEML was 3.00% per year.
BEML (BOM:500048) 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
BEML had a gross margin of 47.14% for the quarter that ended in Mar. 2026 => Durable 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.
BEML Gross Margin % Related Terms
BEML Gross Margin % Historical Data
* Premium members only.
The historical data trend for BEML'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.
For the Conglomerates subindustry, BEML'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.
BEML Gross Margin % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, BEML's Gross Margin % distribution charts can be found below:
* The bar in red indicates where BEML's Gross 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.
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.
BEML (BOM:500048) has a Gross Margin % of 47.14% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on BEML and its competitors. This is near median its historical median of 45.59. Over the past decade, BEML's Gross Margin % has ranged from 42.33 to 51.05. According to the industry distribution chart, BEML ranks #85 out of 513 companies in the Conglomerates industry, placing it in the top 16.6%.
Is BEML's Gross Margin % too high?
BEML's current Gross Margin % of 47.14% is near median its 10-year median of 45.59. Over the past 10 years, this metric has ranged from a low of 42.33 to a high of 51.05. The Conglomerates industry median Gross Margin % is 25.96. BEML's value of 47.14% is 81.6% above this industry median. Based on the distribution chart, BEML ranks #85 out of 513 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, BEML has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BEML's Gross Margin % compare to HON and MMM?
According to the Conglomerates industry distribution chart, BEML ranks #85 out of 513 companies for Gross Margin %. This places BEML in the top 17% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 25.96. BEML's value of 47.14% is 81.6% above this benchmark. Historically, BEML's own Gross Margin % has ranged from 42.33 to 51.05 over the past decade. While the company's 10-year median is 45.59 vs. the industry median of 25.96, BEML 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 Gross Margin % for a Conglomerates company?
The median Gross Margin % among Conglomerates companies is 25.96, based on 513 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. BEML's current Gross Margin % of 47.14% is 81.6% 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 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 BEML and its competitors. For the Conglomerates industry, the median Gross Margin % is 25.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BEML's current Gross Margin % is 47.14%, which is near median its own 10-year median of 45.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BEML stock overvalued right now?
Based on GuruFocus' analysis, BEML (BOM:500048) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,046.08, compared to a current price of ₹1,864.45 — trading 8.9% below its estimated fair value. The current Gross Margin % is 47.14%, which is near median its 10-year median of 45.59 and 81.6% above the Conglomerates industry median of 25.96. BEML's overall GF Score™ is 69/100 with 3 warning signs 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 BEML (BOM:500048), the current Gross Margin % is 47.14% 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 BEML (BOM:500048) Overvalued in 2026?
Based on GuruFocus' analysis, BEML stock appears to be undervalued.
The current stock price of ₹1,864.45 is trading 8.9% below its estimated GF Value™ of ₹2,046.08.
GuruFocus considers BEML to be Fairly Valued.
Key valuation signals for BOM:500048:
Gross Margin %: 47.14% (near median its 10-year median of 45.59)
GF Value™: ₹2,046.08 vs. price of ₹1,864.45 (8.9% below fair value)
Industry Position: 81.6% above the Conglomerates median (#85 of 513)
No single metric tells the full story. See the BOM:500048 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BEML Ltd manufactures a wide range of heavy equipment serving core sectors such as Defence & Aerospace, Mining & Construction, and Rail & Metro. Its product offerings include earthmoving machinery like excavators and bulldozers, defence vehicles and equipment including recovery vehicles and bridge systems, and rail coaches, metro cars, and track-laying equipment. The company operates multiple manufacturing units across India, including Bangalore, Mysore, Kolar Gold Fields, and Palakkad, supported by a dominant sales and after-sales network. Revenue is generated through sales of machinery, rail and metro rolling stock, and defence products, with a focus on indigenous manufacturing and technology integration to meet diverse sectoral needs.
69GF Score
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