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Indian Toners & Developers (BOM:523586) 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
Indian Toners & Developers had a gross margin of 53.88% for the quarter that ended in Mar. 2026 => Durable 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.
Indian Toners & Developers Gross Margin % Related Terms
Indian Toners & Developers 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:523586 vs LIN, SHW, ECL: Gross Margin % Comparison
For the Specialty Chemicals subindustry, Indian Toners & Developers'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.
Indian Toners & Developers Gross Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Indian Toners & Developers's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Indian Toners & Developers'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.
Indian Toners & Developers (BOM:523586) has a Gross Margin % of 53.88% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Indian Toners & Developers and its competitors. This is 17% above median its historical median of 46.16. Over the past decade, Indian Toners & Developers' Gross Margin % has ranged from 37.62 to 53.67. According to the industry distribution chart, Indian Toners & Developers ranks #107 out of 1557 companies in the Chemicals industry, placing it in the top 6.9%.
Is Indian Toners & Developers' Gross Margin % too high?
Indian Toners & Developers' current Gross Margin % of 53.88% is 17% above median its 10-year median of 46.16. Over the past 10 years, this metric has ranged from a low of 37.62 to a high of 53.67. The Chemicals industry median Gross Margin % is 23.49. Indian Toners & Developers' value of 53.88% is 129.4% above this industry median. Based on the distribution chart, Indian Toners & Developers ranks #107 out of 1557 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Indian Toners & Developers has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indian Toners & Developers' Gross Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Indian Toners & Developers ranks #107 out of 1557 companies for Gross Margin %. This places Indian Toners & Developers in the top 7% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 23.49. Indian Toners & Developers' value of 53.88% is 129.4% above this benchmark. Historically, Indian Toners & Developers' own Gross Margin % has ranged from 37.62 to 53.67 over the past decade. While the company's 10-year median is 46.16 vs. the industry median of 23.49, Indian Toners & Developers 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 Chemicals company?
The median Gross Margin % among Chemicals companies is 23.49, based on 1,557 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. Indian Toners & Developers's current Gross Margin % of 53.88% is 129.4% 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 Indian Toners & Developers and its competitors. For the Chemicals industry, the median Gross Margin % is 23.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Toners & Developers's current Gross Margin % is 53.88%, which is 17% above median its own 10-year median of 46.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Toners & Developers stock overvalued right now?
Based on GuruFocus' analysis, Indian Toners & Developers (BOM:523586) is currently considered Fairly Valued. The stock's GF Value™ is ₹301.50, compared to a current price of ₹292.25 — trading 3.1% below its estimated fair value. The current Gross Margin % is 53.88%, which is 17% above median its 10-year median of 46.16 and 129.4% above the Chemicals industry median of 23.49. Indian Toners & Developers' overall GF Score™ is 83/100. 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 Indian Toners & Developers (BOM:523586), the current Gross Margin % is 53.88% 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 Indian Toners & Developers (BOM:523586) Overvalued in 2026?
Based on GuruFocus' analysis, Indian Toners & Developers stock appears to be undervalued.
The current stock price of ₹292.25 is trading 3.1% below its estimated GF Value™ of ₹301.50.
GuruFocus considers Indian Toners & Developers to be Fairly Valued.
Key valuation signals for BOM:523586:
Gross Margin %: 53.88% (17% above median its 10-year median of 46.16)
GF Value™: ₹301.50 vs. price of ₹292.25 (3.1% below fair value)
Industry Position: 129.4% above the Chemicals median (#107 of 1557)
No single metric tells the full story. See the BOM:523586 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indian Toners & Developers Ltd is a manufacturer of toners and developers. The company is engaged in the business of producing and exporting compatible toners for use in laser printers, the new age digital machines, multi-function printers, analogue copiers as well as wide-format printers and copiers. The only reporting segment of the company is a manufacturer of compatible toner. Its geographical segment includes Domestic sales and Export sales. The company's product consists of chemical color toner, laser toner, copier or digital toner, wide format copiers and printer toner and packaging.
83GF Score
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