SPML InfraBOM:500402 +1.69%55 Gross Margin % is 17.64% as of Mar. 2026, which is 21% above its 10-year median of 14.53. GuruFocus rates BOM:500402 with a GF Score™ of 55/100 and a GF Value™ of ₹112.43 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,722 Construction companies, SPML Infra ranks worse than 59.64% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. SPML Infra's Gross Profit for the
three
months ended in Mar. 2026 was ₹513 Mil. SPML Infra's Revenue for the
three
months ended in Mar. 2026 was ₹2,905 Mil. Therefore, SPML Infra's Gross Margin % for the quarter that ended in Mar. 2026 was 17.64%.
The historical rank and industry rank for SPML Infra's Gross Margin % or its related term are showing as below:
BOM:500402'
s Gross Margin % Range Over the Past 10 Years
Min: 7.59 Med: 14.53 Max: 18.96
Current: 16.93
During the past 13 years, the highestGross Margin % of SPML Infra was 18.96%. The lowest was 7.59%. And the median was 14.53%.
BOM:500402's Gross Margin % is ranked worse than 59.64% of 1722
companies
in the Construction industry
Industry Median: 20.715
vs BOM:500402: 16.93
SPML Infra had a gross margin of 17.64% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for SPML Infra was 9.10% per year.
SPML Infra (BOM:500402) 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
SPML Infra had a gross margin of 17.64% 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.
SPML Infra Gross Margin % Related Terms
SPML Infra Gross Margin % Historical Data
* Premium members only.
The historical data trend for SPML Infra'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.
BOM:500402 vs PWR, FIX, EME: Gross Margin % Comparison
For the Engineering & Construction subindustry, SPML Infra'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.
SPML Infra Gross Margin % vs Construction Industry
For the Construction industry and Industrials sector, SPML Infra's Gross Margin % distribution charts can be found below:
* The bar in red indicates where SPML Infra'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.
SPML Infra (BOM:500402) has a Gross Margin % of 17.64% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on SPML Infra and its competitors. This is 21% above median its historical median of 14.53. Over the past decade, SPML Infra's Gross Margin % has ranged from 7.59 to 18.96. According to the industry distribution chart, SPML Infra ranks #1027 out of 1722 companies in the Construction industry, placing it in the top 59.6%.
Is SPML Infra's Gross Margin % too high?
SPML Infra's current Gross Margin % of 17.64% is 21% above median its 10-year median of 14.53. Over the past 10 years, this metric has ranged from a low of 7.59 to a high of 18.96. The Construction industry median Gross Margin % is 20.72. SPML Infra's value of 17.64% is 14.8% below this industry median. Based on the distribution chart, SPML Infra ranks #1027 out of 1722 companies in the Construction industry, which is below the industry midpoint. Overall, SPML Infra has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPML Infra's Gross Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, SPML Infra ranks #1027 out of 1722 companies for Gross Margin %. This places SPML Infra in the lower half of its industry. The industry median Gross Margin % is 20.72. SPML Infra's value of 17.64% is 14.8% below this benchmark. Historically, SPML Infra's own Gross Margin % has ranged from 7.59 to 18.96 over the past decade. While the company's 10-year median is 14.53 vs. the industry median of 20.72, SPML Infra 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 Construction company?
The median Gross Margin % among Construction companies is 20.72, based on 1,722 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. SPML Infra's current Gross Margin % of 17.64% is 14.8% 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 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 SPML Infra and its competitors. For the Construction industry, the median Gross Margin % is 20.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPML Infra's current Gross Margin % is 17.64%, which is 21% above median its own 10-year median of 14.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPML Infra stock overvalued right now?
Based on GuruFocus' analysis, SPML Infra (BOM:500402) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹112.43, compared to a current price of ₹193.05 — trading 71.7% above its estimated fair value. The current Gross Margin % is 17.64%, which is 21% above median its 10-year median of 14.53 and 14.8% below the Construction industry median of 20.72. SPML Infra's overall GF Score™ is 55/100 with 5 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 SPML Infra (BOM:500402), the current Gross Margin % is 17.64% 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 SPML Infra (BOM:500402) Overvalued in 2026?
Based on GuruFocus' analysis, SPML Infra stock appears to be overvalued.
The current stock price of ₹193.05 is trading 71.7% above its estimated GF Value™ of ₹112.43.
GuruFocus considers SPML Infra to be Significantly Overvalued.
Key valuation signals for BOM:500402:
Gross Margin %: 17.64% (21% above median its 10-year median of 14.53)
GF Value™: ₹112.43 vs. price of ₹193.05 (71.7% above fair value)
Industry Position: 14.8% below the Construction median (#1027 of 1722)
No single metric tells the full story. See the BOM:500402 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPML Infra Ltd is an Indian-based infrastructure development company. It is engaged in providing infrastructure solutions for water management, water infrastructure development, wastewater treatment, power generation, transmission and distribution, solid waste management, and other civil infrastructures. The company's operating segment includes Construction, Hydro Power Generation, Waste Management, and Others. Geographically, it operates only in India.
55GF Score
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