Citizen Solar (BOM:538786) Gross Margin %: 18.41% (As of Mar. 2026) — 23% Above Median


BOM:538786 Citizen Solar Ltd BOM:538786
54 GF Score
Price ₹277.35
GF Value ₹2,917.73
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Citizen Solar Gross Margin %?

Citizen Solar BOM:538786 +1.99% 54 Gross Margin % is 18.41% as of Mar. 2026, which is 23% above its 10-year median of 14.94. GuruFocus rates BOM:538786 with a GF Score™ of 54/100 and a GF Value™ of ₹2,917.73 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,008 Semiconductors companies, Citizen Solar ranks worse than 71.92% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Citizen Solar's Gross Profit for the three months ended in Mar. 2026 was ₹202 Mil. Citizen Solar's Revenue for the three months ended in Mar. 2026 was ₹1,098 Mil. Therefore, Citizen Solar's Gross Margin % for the quarter that ended in Mar. 2026 was 18.41%.


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

BOM:538786' s Gross Margin % Range Over the Past 10 Years
Min: 0.97   Med: 14.94   Max: 50.6
Current: 18.08


During the past 13 years, the highest Gross Margin % of Citizen Solar was 50.60%. The lowest was 0.97%. And the median was 14.94%.

BOM:538786's Gross Margin % is ranked worse than
71.92% of 1008 companies
in the Semiconductors industry
Industry Median: 29.61 vs BOM:538786: 18.08

Citizen Solar had a gross margin of 18.41% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Citizen Solar was 0.00% per year.


Citizen Solar  (BOM:538786) 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

Citizen Solar had a gross margin of 18.41% for the quarter that ended in Mar. 2026 => 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.


Citizen Solar Gross Margin % Related Terms


Citizen Solar Gross Margin % Historical Data

* Premium members only.

The historical data trend for Citizen Solar'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.

Citizen Solar Gross Margin % Chart

Citizen Solar 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 50.60 4.69 0.97 14.94 18.71

Citizen Solar 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 16.17 11.53 9.68 1.67 18.41

BOM:538786 vs FSLR, NXT, ENPH: Gross Margin % Comparison

For the Solar subindustry, Citizen Solar'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.


Citizen Solar Gross Margin % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Citizen Solar's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Citizen Solar's Gross Margin % falls into.


BOM:538786
54GF Score
Citizen Solar Ltd BOM:538786
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Citizen Solar Gross Margin % Calculation

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

Citizen Solar'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 )
=581.7 / 3109.229
=(Revenue - Cost of Goods Sold) / Revenue
=(3109.229 - 2527.569) / 3109.229
=18.71 %

Citizen Solar'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 )
=202.1 / 1097.695
=(Revenue - Cost of Goods Sold) / Revenue
=(1097.695 - 895.629) / 1097.695
=18.41 %

* 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 18.41% mean?
Citizen Solar (BOM:538786) has a Gross Margin % of 18.41% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Citizen Solar and its competitors. This is 23% above median its historical median of 14.94. Over the past decade, Citizen Solar's Gross Margin % has ranged from 0.97 to 50.60. According to the industry distribution chart, Citizen Solar ranks #725 out of 1008 companies in the Semiconductors industry, placing it in the top 71.9%.
Is Citizen Solar's Gross Margin % too high?
Citizen Solar's current Gross Margin % of 18.41% is 23% above median its 10-year median of 14.94. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 50.60. The Semiconductors industry median Gross Margin % is 29.61. Citizen Solar's value of 18.41% is 37.8% below this industry median. Based on the distribution chart, Citizen Solar ranks #725 out of 1008 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Citizen Solar has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Citizen Solar's Gross Margin % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Citizen Solar ranks #725 out of 1008 companies for Gross Margin %. This places Citizen Solar in the lower half of its industry. The industry median Gross Margin % is 29.61. Citizen Solar's value of 18.41% is 37.8% below this benchmark. Historically, Citizen Solar's own Gross Margin % has ranged from 0.97 to 50.60 over the past decade. While the company's 10-year median is 14.94 vs. the industry median of 29.61, Citizen Solar 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 Semiconductors company?
The median Gross Margin % among Semiconductors companies is 29.61, based on 1,008 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. Citizen Solar's current Gross Margin % of 18.41% is 37.8% 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 Citizen Solar and its competitors. For the Semiconductors industry, the median Gross Margin % is 29.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Citizen Solar's current Gross Margin % is 18.41%, which is 23% above median its own 10-year median of 14.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Citizen Solar stock overvalued right now?
Based on GuruFocus' analysis, Citizen Solar (BOM:538786) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹2,917.73, compared to a current price of ₹277.35 — trading 90.5% below its estimated fair value. The current Gross Margin % is 18.41%, which is 23% above median its 10-year median of 14.94 and 37.8% below the Semiconductors industry median of 29.61. Citizen Solar's overall GF Score™ is 54/100 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 Citizen Solar (BOM:538786), the current Gross Margin % is 18.41% 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 Citizen Solar (BOM:538786) Overvalued in 2026?

Based on GuruFocus' analysis, Citizen Solar stock appears to be undervalued. The current stock price of ₹277.35 is trading 90.5% below its estimated GF Value™ of ₹2,917.73. GuruFocus considers Citizen Solar to be Significantly Undervalued.

Key valuation signals for BOM:538786:

  • Gross Margin %: 18.41% (23% above median its 10-year median of 14.94)
  • GF Value™: ₹2,917.73 vs. price of ₹277.35 (90.5% below fair value)
  • GF Score™: 54/100 with 3 warning signs
  • Industry Position: 37.8% below the Semiconductors median (#725 of 1008)

No single metric tells the full story. See the BOM:538786 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Citizen Solar Business Description

Address Ashram Road, 411, Sakar - 2, Ellisbridge Corner, Ahmedabad, GJ, IND, 380006
Citizen Solar Ltd operates as a solar panel and solar inverter manufacturer in India. It comprises of two main divisions that include Citizen Solar Technology and Solar Inverter Manufacturer. The company serves various industries and businesses spread across multiple verticals such as Textiles, Manufacturing, Exports, etc.
54GF Score

Get the complete analysis for BOM:538786

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

₹277.35
Price
₹2,917.73
GF Value