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Exide Industries (BOM:500086) Gross Margin % : 34.06% (As of Mar. 2024)


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What is Exide Industries Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Exide Industries's Gross Profit for the three months ended in Mar. 2024 was ₹14,212 Mil. Exide Industries's Revenue for the three months ended in Mar. 2024 was ₹41,729 Mil. Therefore, Exide Industries's Gross Margin % for the quarter that ended in Mar. 2024 was 34.06%.

Warning Sign:

Exide Industries Ltd gross margin has been in long-term decline. The average rate of decline per year is -9.4%.


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

BOM:500086' s Gross Margin % Range Over the Past 10 Years
Min: 30.63   Med: 47.25   Max: 51.68
Current: 32.04


During the past 13 years, the highest Gross Margin % of Exide Industries was 51.68%. The lowest was 30.63%. And the median was 47.25%.

BOM:500086's Gross Margin % is ranked better than
78.61% of 1267 companies
in the Vehicles & Parts industry
Industry Median: 19.68 vs BOM:500086: 32.04

Exide Industries had a gross margin of 34.06% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Exide Industries was -9.40% per year.


Exide Industries Gross Margin % Historical Data

The historical data trend for Exide Industries'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.

* Premium members only.

Exide Industries Gross Margin % Chart

Exide Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.43 33.98 30.63 31.34 32.03

Exide Industries Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 30.80 29.29 31.96 32.92 34.06

Competitive Comparison of Exide Industries's Gross Margin %

For the Auto Parts subindustry, Exide Industries'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.


Exide Industries's Gross Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Exide Industries's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Exide Industries's Gross Margin % falls into.



Exide Industries Gross Margin % Calculation

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

Exide Industries's Gross Margin for the fiscal year that ended in Mar. 2024 is calculated as

Gross Margin % (A: Mar. 2024 )=Gross Profit (A: Mar. 2024 ) / Revenue (A: Mar. 2024 )
=53721.4 / 167697.3
=(Revenue - Cost of Goods Sold) / Revenue
=(167697.3 - 113975.9) / 167697.3
=32.03 %

Exide Industries's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=14212 / 41729
=(Revenue - Cost of Goods Sold) / Revenue
=(41729 - 27517) / 41729
=34.06 %

* 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.


Exide Industries  (BOM:500086) 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

Exide Industries had a gross margin of 34.06% for the quarter that ended in Mar. 2024 => 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.


Exide Industries Gross Margin % Related Terms

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Exide Industries (BOM:500086) Business Description

Traded in Other Exchanges
Address
59E, Chowringhee Road, Exide House, Kolkata, WB, IND, 700 020
Exide Industries Ltd is an Indian manufacturer of batteries sold under the Exide brand. The company is an original equipment and aftermarket parts supplier of batteries for automotive companies operating out of India, including Mitsubishi, Hyundai, Honda, Toyota, Fiat, Renault, GM, Mahindra, Tata, Bajaj, Suzuki, and Hero. Exide Industries also provides batteries to the power, telecommunications, infrastructure, computer, railways, mining, and defense sectors. It operates in the given segment Storage batteries & allied products and Others. Virtually all of the company's revenue is generated in India.

Exide Industries (BOM:500086) Headlines

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