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
Indbank Merchant Banking Services had a gross margin of 36.62% 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.
Indbank Merchant Banking Services Gross Margin % Related Terms
Indbank Merchant Banking Services Gross Margin % Historical Data
* 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:511473 vs MS, GS, SCHW: Gross Margin % Comparison
For the Capital Markets subindustry, Indbank Merchant Banking Services'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.
Indbank Merchant Banking Services Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Indbank Merchant Banking Services's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Indbank Merchant Banking Services'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.
Indbank Merchant Banking Services (BOM:511473) has a Gross Margin % of 36.62% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Indbank Merchant Banking Services and its competitors. This is 28% below median its historical median of 51.06. Over the past decade, Indbank Merchant Banking Services' Gross Margin % has ranged from 41.67 to 63.69. According to the industry distribution chart, Indbank Merchant Banking Services ranks #278 out of 620 companies in the Capital Markets industry, placing it in the top 44.8%.
Is Indbank Merchant Banking Services' Gross Margin % too high?
Indbank Merchant Banking Services' current Gross Margin % of 36.62% is 28% below median its 10-year median of 51.06. Over the past 10 years, this metric has ranged from a low of 41.67 to a high of 63.69. The Capital Markets industry median Gross Margin % is 49.63. Indbank Merchant Banking Services' value of 36.62% is 26.2% below this industry median. Based on the distribution chart, Indbank Merchant Banking Services ranks #278 out of 620 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Indbank Merchant Banking Services has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indbank Merchant Banking Services' Gross Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Indbank Merchant Banking Services ranks #278 out of 620 companies for Gross Margin %. This puts Indbank Merchant Banking Services in the upper half of its industry. The industry median Gross Margin % is 49.63. Indbank Merchant Banking Services' value of 36.62% is 26.2% below this benchmark. Historically, Indbank Merchant Banking Services' own Gross Margin % has ranged from 41.67 to 63.69 over the past decade. While the company's 10-year median is 51.06 vs. the industry median of 49.63, Indbank Merchant Banking Services 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 Capital Markets company?
The median Gross Margin % among Capital Markets companies is 49.63, based on 620 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. Indbank Merchant Banking Services's current Gross Margin % of 36.62% is 26.2% 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 Indbank Merchant Banking Services and its competitors. For the Capital Markets industry, the median Gross Margin % is 49.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indbank Merchant Banking Services's current Gross Margin % is 36.62%, which is 28% below median its own 10-year median of 51.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indbank Merchant Banking Services stock overvalued right now?
Based on GuruFocus' analysis, Indbank Merchant Banking Services (BOM:511473) is currently considered Fairly Valued. The stock's GF Value™ is ₹32.03, compared to a current price of ₹33.43 — trading 4.4% above its estimated fair value. The current Gross Margin % is 36.62%, which is 28% below median its 10-year median of 51.06 and 26.2% below the Capital Markets industry median of 49.63. Indbank Merchant Banking Services' overall GF Score™ is 76/100 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 Indbank Merchant Banking Services (BOM:511473), the current Gross Margin % is 36.62% 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 Indbank Merchant Banking Services (BOM:511473) Overvalued in 2026?
Based on GuruFocus' analysis, Indbank Merchant Banking Services stock appears to be overvalued.
The current stock price of ₹33.43 is trading 4.4% above its estimated GF Value™ of ₹32.03.
GuruFocus considers Indbank Merchant Banking Services to be Fairly Valued.
Key valuation signals for BOM:511473:
Gross Margin %: 36.62% (28% below median its 10-year median of 51.06)
GF Value™: ₹32.03 vs. price of ₹33.43 (4.4% above fair value)
Industry Position: 26.2% below the Capital Markets median (#278 of 620)
No single metric tells the full story. See the BOM:511473 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indbank Merchant Banking Services Business Description
Indbank Merchant Banking Services Ltd is an India based company engaged in merchant banking activities. It is involved in providing fee-based services which include operations like merchant banking, stock broking, depository participant services, distribution of financial products and allied activities. The company carries its operations in India and generates the majority of the revenue from the stock broking membership operations.
76GF Score
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