Munjal Auto Industries (BOM:520059) Gross Margin %: 26.69% (As of Mar. 2026) — 39% 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:520059 Munjal Auto Industries Ltd BOM:520059
67 GF Score
Price ₹106.66
GF Value ₹93.49
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Munjal Auto Industries Gross Margin %?

Munjal Auto Industries BOM:520059 +2.41% 67 Gross Margin % is 26.69% as of Mar. 2026, which is 39% above its 10-year median of 19.15. GuruFocus rates BOM:520059 with a GF Score™ of 67/100 and a GF Value™ of ₹93.49 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,307 Vehicles & Parts companies, Munjal Auto Industries ranks better than 67.64% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Munjal Auto Industries's Gross Profit for the three months ended in Mar. 2026 was ₹1,640 Mil. Munjal Auto Industries's Revenue for the three months ended in Mar. 2026 was ₹6,142 Mil. Therefore, Munjal Auto Industries's Gross Margin % for the quarter that ended in Mar. 2026 was 26.69%.


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

BOM:520059' s Gross Margin % Range Over the Past 10 Years
Min: 10.98   Med: 19.15   Max: 29.55
Current: 26.98


During the past 13 years, the highest Gross Margin % of Munjal Auto Industries was 29.55%. The lowest was 10.98%. And the median was 19.15%.

BOM:520059's Gross Margin % is ranked better than
67.64% of 1307 companies
in the Vehicles & Parts industry
Industry Median: 19.88 vs BOM:520059: 26.98

Munjal Auto Industries had a gross margin of 26.69% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Munjal Auto Industries was 22.10% per year.


Munjal Auto Industries  (BOM:520059) 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

Munjal Auto Industries had a gross margin of 26.69% 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.


Munjal Auto Industries Gross Margin % Related Terms


Munjal Auto Industries Gross Margin % Historical Data

* Premium members only.

The historical data trend for Munjal Auto 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.

Munjal Auto Industries Gross Margin % Chart

Munjal Auto Industries 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 14.00 19.20 24.46 29.55 26.98

Munjal Auto Industries 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 29.53 29.04 26.86 25.73 26.69

BOM:520059 vs ORLY, AZO: Gross Margin % Comparison

For the Auto Parts subindustry, Munjal Auto 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.


Munjal Auto Industries Gross Margin % vs Vehicles & Parts Industry

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

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


BOM:520059
67GF Score
Munjal Auto Industries Ltd BOM:520059
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Munjal Auto Industries Gross Margin % Calculation

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

Munjal Auto Industries'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 )
=6193 / 22951.542
=(Revenue - Cost of Goods Sold) / Revenue
=(22951.542 - 16758.528) / 22951.542
=26.98 %

Munjal Auto Industries'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 )
=1639.6 / 6142.411
=(Revenue - Cost of Goods Sold) / Revenue
=(6142.411 - 4502.807) / 6142.411
=26.69 %

* 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 26.69% mean?
Munjal Auto Industries (BOM:520059) has a Gross Margin % of 26.69% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Munjal Auto Industries and its competitors. This is 39% above median its historical median of 19.15. Over the past decade, Munjal Auto Industries' Gross Margin % has ranged from 10.98 to 29.55. According to the industry distribution chart, Munjal Auto Industries ranks #423 out of 1307 companies in the Vehicles & Parts industry, placing it in the top 32.4%.
Is Munjal Auto Industries' Gross Margin % too high?
Munjal Auto Industries' current Gross Margin % of 26.69% is 39% above median its 10-year median of 19.15. Over the past 10 years, this metric has ranged from a low of 10.98 to a high of 29.55. The Vehicles & Parts industry median Gross Margin % is 19.88. Munjal Auto Industries' value of 26.69% is 34.3% above this industry median. Based on the distribution chart, Munjal Auto Industries ranks #423 out of 1307 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Munjal Auto Industries has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Munjal Auto Industries' Gross Margin % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Munjal Auto Industries ranks #423 out of 1307 companies for Gross Margin %. This puts Munjal Auto Industries in the upper half of its industry. The industry median Gross Margin % is 19.88. Munjal Auto Industries' value of 26.69% is 34.3% above this benchmark. Historically, Munjal Auto Industries' own Gross Margin % has ranged from 10.98 to 29.55 over the past decade. While the company's 10-year median is 19.15 vs. the industry median of 19.88, Munjal Auto Industries 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 a Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 19.88, based on 1,307 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. Munjal Auto Industries's current Gross Margin % of 26.69% is 34.3% 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 Munjal Auto Industries and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 19.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Munjal Auto Industries's current Gross Margin % is 26.69%, which is 39% above median its own 10-year median of 19.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munjal Auto Industries stock overvalued right now?
Based on GuruFocus' analysis, Munjal Auto Industries (BOM:520059) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹93.49, compared to a current price of ₹106.66 — trading 14.1% above its estimated fair value. The current Gross Margin % is 26.69%, which is 39% above median its 10-year median of 19.15 and 34.3% above the Vehicles & Parts industry median of 19.88. Munjal Auto Industries' overall GF Score™ is 67/100 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 Munjal Auto Industries (BOM:520059), the current Gross Margin % is 26.69% 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 Munjal Auto Industries (BOM:520059) Overvalued in 2026?

Based on GuruFocus' analysis, Munjal Auto Industries stock appears to be overvalued. The current stock price of ₹106.66 is trading 14.1% above its estimated GF Value™ of ₹93.49. GuruFocus considers Munjal Auto Industries to be Modestly Overvalued.

Key valuation signals for BOM:520059:

  • Gross Margin %: 26.69% (39% above median its 10-year median of 19.15)
  • GF Value™: ₹93.49 vs. price of ₹106.66 (14.1% above fair value)
  • GF Score™: 67/100 with 5 warning signs
  • Industry Position: 34.3% above the Vehicles & Parts median (#423 of 1307)

No single metric tells the full story. See the BOM:520059 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Munjal Auto Industries Business Description

Other Exchanges MUNJALAU:India
Address Unitech Business Zone, 2nd Floor, Tower C, Nirvana Country, South City - 2, Sector - 50, Gurugram, HR, IND, 122018
Munjal Auto Industries Ltd is an India-based company. It offers an exhaust system or mufflers for two-wheelers. The company is engaged in the manufacture of wheels, rims, fuel tanks, and other components for auto industries. Its product range for 2-3 wheelers includes Steel Wheel Rim and Spoke Wheel Rim. Its product range for four-wheelers includes fuel tank assembly, seat structure system, side step assembly, and other products. Some of the company's facilities offered by the company include an engineering and tool room, which includes a central tool room and technical center, a tool design center and tool manufacturing, and a fuel tank manufacturing line. Its operations fall under a single segment namely Manufacturing of Auto Components. The company generates majority revenue from India.
67GF Score

Get the complete analysis for BOM:520059

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

₹106.66
Price
₹93.49
GF Value