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Bharat Seats (BOM:523229) Gross Margin % : 17.03% (As of Mar. 2024)


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What is Bharat Seats Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Bharat Seats's Gross Profit for the three months ended in Mar. 2024 was ₹474 Mil. Bharat Seats's Revenue for the three months ended in Mar. 2024 was ₹2,781 Mil. Therefore, Bharat Seats's Gross Margin % for the quarter that ended in Mar. 2024 was 17.03%.


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

BOM:523229' s Gross Margin % Range Over the Past 10 Years
Min: 10.42   Med: 13.38   Max: 17.37
Current: 17.04


During the past 13 years, the highest Gross Margin % of Bharat Seats was 17.37%. The lowest was 10.42%. And the median was 13.38%.

BOM:523229's Gross Margin % is ranked worse than
58.55% of 1269 companies
in the Vehicles & Parts industry
Industry Median: 19.77 vs BOM:523229: 17.04

Bharat Seats had a gross margin of 17.03% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Bharat Seats was 0.60% per year.


Bharat Seats Gross Margin % Historical Data

The historical data trend for Bharat Seats'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.

Bharat Seats Gross Margin % Chart

Bharat Seats Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.37 14.53 11.82 14.28 16.80

Bharat Seats Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
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 16.53 14.09 16.83 17.30 17.03

Competitive Comparison of Bharat Seats's Gross Margin %

For the Auto Parts subindustry, Bharat Seats'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.


Bharat Seats's Gross Margin % Distribution in the Vehicles & Parts Industry

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

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



Bharat Seats Gross Margin % Calculation

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

Bharat Seats's Gross Margin for the fiscal year that ended in Mar. 2024 is calculated as

Gross Margin % (A: Mar. 2024 )=Gross Profit (A: Mar. 2024 ) / Revenue (A: Mar. 2024 )
=1791.8 / 10668.162
=(Revenue - Cost of Goods Sold) / Revenue
=(10668.162 - 8876.387) / 10668.162
=16.80 %

Bharat Seats's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=473.6 / 2781.006
=(Revenue - Cost of Goods Sold) / Revenue
=(2781.006 - 2307.407) / 2781.006
=17.03 %

* 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.


Bharat Seats  (BOM:523229) 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

Bharat Seats had a gross margin of 17.03% for the quarter that ended in Mar. 2024 => No sustainable 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.


Bharat Seats Gross Margin % Related Terms

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Bharat Seats (BOM:523229) Business Description

Traded in Other Exchanges
N/A
Address
1, Nelson Mandela Road, Vasant Kunj, New Delhi, IND, 110070
Bharat Seats Ltd is an Indian-based company. The company manufactures complete seating systems and interior components for automotive and surface transport. The products of the company include Four wheeler seating system, Two wheeler seating systems, Moulded carpets, Two wheeler frames and sheet metal components, Railway seats and berths, and Two-wheeler mainframes. The company has market coverage in India.

Bharat Seats (BOM:523229) Headlines

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