Nitin Castings (BOM:508875) Gross Margin %: 34.58% (As of Mar. 2026) — 23% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:508875 Nitin Castings Ltd BOM:508875
76 GF Score
Price ₹535.95
GF Value ₹593.01
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Nitin Castings Gross Margin %?

Nitin Castings BOM:508875 +0.37% 76 Gross Margin % is 34.58% as of Mar. 2026, which is 23% above its 10-year median of 28.10. GuruFocus rates BOM:508875 with a GF Score™ of 76/100 and a GF Value™ of ₹593.01 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,996 Industrial Products companies, Nitin Castings ranks better than 60.28% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Nitin Castings's Gross Profit for the three months ended in Mar. 2026 was ₹120 Mil. Nitin Castings's Revenue for the three months ended in Mar. 2026 was ₹346 Mil. Therefore, Nitin Castings's Gross Margin % for the quarter that ended in Mar. 2026 was 34.58%.


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

BOM:508875' s Gross Margin % Range Over the Past 10 Years
Min: 21.63   Med: 28.1   Max: 32.22
Current: 30.65


During the past 13 years, the highest Gross Margin % of Nitin Castings was 32.22%. The lowest was 21.63%. And the median was 28.10%.

BOM:508875's Gross Margin % is ranked better than
60.28% of 2996 companies
in the Industrial Products industry
Industry Median: 26.82 vs BOM:508875: 30.65

Nitin Castings had a gross margin of 34.58% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Nitin Castings was 3.70% per year.


Nitin Castings  (BOM:508875) 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

Nitin Castings had a gross margin of 34.58% for the quarter that ended in Mar. 2026 => 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.


Nitin Castings Gross Margin % Related Terms


Nitin Castings Gross Margin % Historical Data

* Premium members only.

The historical data trend for Nitin Castings'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.

Nitin Castings Gross Margin % Chart

Nitin Castings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.63 22.15 22.91 28.21 30.65

Nitin Castings 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 28.51 36.53 28.96 23.57 34.58

BOM:508875 vs CRS, ATI, MLI: Gross Margin % Comparison

For the Metal Fabrication subindustry, Nitin Castings'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.


Nitin Castings Gross Margin % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nitin Castings's Gross Margin % distribution charts can be found below:

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


BOM:508875
76GF Score
Nitin Castings Ltd BOM:508875
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nitin Castings Gross Margin % Calculation

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

Nitin Castings's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=450.8 / 1470.869
=(Revenue - Cost of Goods Sold) / Revenue
=(1470.869 - 1020.084) / 1470.869
=30.65 %

Nitin Castings'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 )
=119.7 / 346.304
=(Revenue - Cost of Goods Sold) / Revenue
=(346.304 - 226.561) / 346.304
=34.58 %

* 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 34.58% mean?
Nitin Castings (BOM:508875) has a Gross Margin % of 34.58% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Nitin Castings and its competitors. This is 23% above median its historical median of 28.10. Over the past decade, Nitin Castings' Gross Margin % has ranged from 21.63 to 32.22. According to the industry distribution chart, Nitin Castings ranks #1190 out of 2996 companies in the Industrial Products industry, placing it in the top 39.7%.
Is Nitin Castings' Gross Margin % too high?
Nitin Castings' current Gross Margin % of 34.58% is 23% above median its 10-year median of 28.10. Over the past 10 years, this metric has ranged from a low of 21.63 to a high of 32.22. The Industrial Products industry median Gross Margin % is 26.82. Nitin Castings' value of 34.58% is 28.9% above this industry median. Based on the distribution chart, Nitin Castings ranks #1190 out of 2996 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Nitin Castings has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nitin Castings' Gross Margin % compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Nitin Castings ranks #1190 out of 2996 companies for Gross Margin %. This puts Nitin Castings in the upper half of its industry. The industry median Gross Margin % is 26.82. Nitin Castings' value of 34.58% is 28.9% above this benchmark. Historically, Nitin Castings' own Gross Margin % has ranged from 21.63 to 32.22 over the past decade. While the company's 10-year median is 28.10 vs. the industry median of 26.82, Nitin Castings 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 an Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.82, based on 2,996 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. Nitin Castings's current Gross Margin % of 34.58% is 28.9% 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 Nitin Castings and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitin Castings's current Gross Margin % is 34.58%, which is 23% above median its own 10-year median of 28.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitin Castings stock overvalued right now?
Based on GuruFocus' analysis, Nitin Castings (BOM:508875) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹593.01, compared to a current price of ₹535.95 — trading 9.6% below its estimated fair value. The current Gross Margin % is 34.58%, which is 23% above median its 10-year median of 28.10 and 28.9% above the Industrial Products industry median of 26.82. Nitin Castings' overall GF Score™ is 76/100 with 2 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 Nitin Castings (BOM:508875), the current Gross Margin % is 34.58% 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 Nitin Castings (BOM:508875) Overvalued in 2026?

Based on GuruFocus' analysis, Nitin Castings stock appears to be undervalued. The current stock price of ₹535.95 is trading 9.6% below its estimated GF Value™ of ₹593.01. GuruFocus considers Nitin Castings to be Modestly Undervalued.

Key valuation signals for BOM:508875:

  • Gross Margin %: 34.58% (23% above median its 10-year median of 28.10)
  • GF Value™: ₹593.01 vs. price of ₹535.95 (9.6% below fair value)
  • GF Score™: 76/100 with 2 warning signs
  • Industry Position: 28.9% above the Industrial Products median (#1190 of 2996)

No single metric tells the full story. See the BOM:508875 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nitin Castings Business Description

Address Almeida Road, 3rd Floor, Prestige Precinct, Panchpakhadi, Thane West, Mumbai, MH, IND, 400601
Nitin Castings Ltd is an Indian based company that operates in the alloy steel castings business. It is involved in the manufacturing of manganese steel, low alloy steel, and chromium steel. The product offered by the group includes balls for ball valves, seat rings, cages, hydrant valves, strainers, grate bars, chain links, side plates, and others. The company operates in a single segment, i.e., Manufacturing of Alloy Steel Castings.
76GF Score

Get the complete analysis for BOM:508875

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

₹535.95
Price
₹593.01
GF Value