NOCIL (BOM:500730) Gross Margin % : 46.28% (As of Dec. 2023)

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What is NOCIL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. NOCIL's Gross Profit for the three months ended in Dec. 2023 was ₹1,576 Mil. NOCIL's Revenue for the three months ended in Dec. 2023 was ₹3,406 Mil. Therefore, NOCIL's Gross Margin % for the quarter that ended in Dec. 2023 was 46.28%.

Warning Sign:

NOCIL Ltd gross margin has been in long-term decline. The average rate of decline per year is -4.7%.

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

BOM:500730' s Gross Margin % Range Over the Past 10 Years
Min: 41.45 Med: 47.35 Max: 54.69
Current: 43

During the past 13 years, the highest Gross Margin % of NOCIL was 54.69%. The lowest was 41.45%. And the median was 47.35%.

BOM:500730's Gross Margin % is ranked better than
87.22% of 1510 companies
in the Chemicals industry
Industry Median: 22.355 vs BOM:500730: 43.00

NOCIL had a gross margin of 46.28% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for NOCIL was -4.70% per year.

NOCIL Gross Margin % Historical Data

The historical data trend for NOCIL'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.

NOCIL Gross Margin % Chart

NOCIL Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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54.69

53.70

44.73

44.96

44.89

NOCIL Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															47.16	45.99	39.64	43.52	46.28

Competitive Comparison of NOCIL's Gross Margin %

For the Specialty Chemicals subindustry, NOCIL'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.

NOCIL's Gross Margin % Distribution in the Chemicals Industry

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

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

NOCIL Gross Margin % Calculation

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

NOCIL'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 )
	=	7230.9	/	16107.7
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(16107.7 - 8876.8)	/	16107.7
	=	44.89 %

NOCIL's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1576.3	/	3406.2
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3406.2 - 1829.9)	/	3406.2
	=	46.28 %

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.

NOCIL (BOM:500730) 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

NOCIL had a gross margin of 46.28% for the quarter that ended in Dec. 2023 => 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.

NOCIL Gross Margin % Related Terms

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NOCIL (BOM:500730) Business Description

Industry

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Traded in Other Exchanges

NOCIL:India

Address

H.T. Parekh Marg, Mafatlal House, 3rd Floor, Backbay Reclamation, Churchgate, Mumbai, MH, IND, 400 020

Website

http://www.nocil.com

NOCIL Ltd is an Indian company that is engaged in the business of manufacture and sale of Rubber Chemicals. The diverse product line of the company includes accelerators, anti-degradants, antioxidants, pre-vulcanization inhibitors, and post-vulcanization stabilizers. NOCIL serves its products to various industries including the tire and other rubber processing industries. Geographically, the group derives revenue from customers located within India and other international countries, of which a majority of the revenue is generated within India.

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