Minal Industries (BOM:522235) Gross Margin %: 31.78% (As of Mar. 2026) — Near Median


BOM:522235 Minal Industries Ltd BOM:522235
51 GF Score
Price ₹2.34
GF Value ₹3.96
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Minal Industries Gross Margin %?

Minal Industries BOM:522235 -3.31% 51 Gross Margin % is 31.78% as of Mar. 2026, which is 9% below its 10-year median of 34.97. GuruFocus rates BOM:522235 with a GF Score™ of 51/100 and a GF Value™ of ₹3.96 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,109 Retail - Cyclical companies, Minal Industries ranks worse than 52.3% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Minal Industries's Gross Profit for the three months ended in Mar. 2026 was ₹48.2 Mil. Minal Industries's Revenue for the three months ended in Mar. 2026 was ₹151.8 Mil. Therefore, Minal Industries's Gross Margin % for the quarter that ended in Mar. 2026 was 31.78%.


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

BOM:522235' s Gross Margin % Range Over the Past 10 Years
Min: 11.92   Med: 34.97   Max: 46.94
Current: 34.97


During the past 13 years, the highest Gross Margin % of Minal Industries was 46.94%. The lowest was 11.92%. And the median was 34.97%.

BOM:522235's Gross Margin % is ranked worse than
52.3% of 1109 companies
in the Retail - Cyclical industry
Industry Median: 36.26 vs BOM:522235: 34.97

Minal Industries had a gross margin of 31.78% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Minal Industries was 1.40% per year.


Minal Industries  (BOM:522235) 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

Minal Industries had a gross margin of 31.78% 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.


Minal Industries Gross Margin % Related Terms


Minal Industries Gross Margin % Historical Data

* Premium members only.

The historical data trend for Minal 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.

Minal Industries Gross Margin % Chart

Minal 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 43.10 44.39 40.27 33.81 34.97

Minal 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 30.09 36.65 26.11 47.63 31.78

BOM:522235 vs TPR: Gross Margin % Comparison

For the Luxury Goods subindustry, Minal 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.


Minal Industries Gross Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Minal Industries's Gross Margin % distribution charts can be found below:

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


BOM:522235
51GF Score
Minal Industries Ltd BOM:522235
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Minal Industries Gross Margin % Calculation

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

Minal 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 )
=149.8 / 428.337
=(Revenue - Cost of Goods Sold) / Revenue
=(428.337 - 278.559) / 428.337
=34.97 %

Minal 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 )
=48.2 / 151.786
=(Revenue - Cost of Goods Sold) / Revenue
=(151.786 - 103.548) / 151.786
=31.78 %

* 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 31.78% mean?
Minal Industries (BOM:522235) has a Gross Margin % of 31.78% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Minal Industries and its competitors. This is near median its historical median of 34.97. Over the past decade, Minal Industries' Gross Margin % has ranged from 11.92 to 46.94. According to the industry distribution chart, Minal Industries ranks #580 out of 1109 companies in the Retail - Cyclical industry, placing it in the top 52.3%.
Is Minal Industries' Gross Margin % too high?
Minal Industries' current Gross Margin % of 31.78% is near median its 10-year median of 34.97. Over the past 10 years, this metric has ranged from a low of 11.92 to a high of 46.94. The Retail - Cyclical industry median Gross Margin % is 36.26. Minal Industries' value of 31.78% is 12.4% below this industry median. Based on the distribution chart, Minal Industries ranks #580 out of 1109 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Minal Industries has a GF Score™ of 51/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Minal Industries' Gross Margin % compare to TPR?
According to the Retail - Cyclical industry distribution chart, Minal Industries ranks #580 out of 1109 companies for Gross Margin %. This places Minal Industries in the lower half of its industry. The industry median Gross Margin % is 36.26. Minal Industries' value of 31.78% is 12.4% below this benchmark. Historically, Minal Industries' own Gross Margin % has ranged from 11.92 to 46.94 over the past decade. While the company's 10-year median is 34.97 vs. the industry median of 36.26, Minal Industries 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 Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.26, based on 1,109 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. Minal Industries's current Gross Margin % of 31.78% is 12.4% 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 Minal Industries and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Minal Industries's current Gross Margin % is 31.78%, which is near median its own 10-year median of 34.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minal Industries stock overvalued right now?
Based on GuruFocus' analysis, Minal Industries (BOM:522235) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹3.96, compared to a current price of ₹2.34 — trading 40.9% below its estimated fair value. The current Gross Margin % is 31.78%, which is near median its 10-year median of 34.97 and 12.4% below the Retail - Cyclical industry median of 36.26. Minal Industries' overall GF Score™ is 51/100 with 3 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 Minal Industries (BOM:522235), the current Gross Margin % is 31.78% 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 Minal Industries (BOM:522235) Overvalued in 2026?

Based on GuruFocus' analysis, Minal Industries stock appears to be undervalued. The current stock price of ₹2.34 is trading 40.9% below its estimated GF Value™ of ₹3.96. GuruFocus considers Minal Industries to be Significantly Undervalued.

Key valuation signals for BOM:522235:

  • Gross Margin %: 31.78% (near median its 10-year median of 34.97)
  • GF Value™: ₹3.96 vs. price of ₹2.34 (40.9% below fair value)
  • GF Score™: 51/100 with 3 warning signs
  • Industry Position: 12.4% below the Retail - Cyclical median (#580 of 1109)

No single metric tells the full story. See the BOM:522235 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Minal Industries Business Description

Address Off Sakivihar Road, 603- l Minal Co-Op Hsg So Ltd, Andheri (East), Mumbai, MH, IND, 400072
Minal Industries Ltd is a diamantaire, jewelry, and engineering company. The company is engaged in the business of manufacturing and selling gold jewelry, diamond-studded jewelry, and silver articles. Geographically, it derives a majority of its revenue from India. The company has one reportable segment, which is Manufacturing and Trading of Gems and Jewelry.
51GF Score

Get the complete analysis for BOM:522235

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

₹2.34
Price
₹3.96
GF Value