Captain Pipes (BOM:538817) Gross Margin %: 34.70% (As of Mar. 2026) — 180% Above Median

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BOM:538817 Captain Pipes Ltd BOM:538817
63 GF Score
Price ₹9.09
GF Value ₹15.22
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Captain Pipes Gross Margin %?

Captain Pipes BOM:538817 +0.11% 63 Gross Margin % is 34.70% as of Mar. 2026, which is 180% above its 10-year median of 12.38. GuruFocus rates BOM:538817 with a GF Score™ of 63/100 and a GF Value™ of ₹15.22 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,309 Vehicles & Parts companies, Captain Pipes ranks better than 65.78% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Captain Pipes's Gross Profit for the three months ended in Mar. 2026 was ₹67.3 Mil. Captain Pipes's Revenue for the three months ended in Mar. 2026 was ₹193.9 Mil. Therefore, Captain Pipes's Gross Margin % for the quarter that ended in Mar. 2026 was 34.70%.


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

BOM:538817' s Gross Margin % Range Over the Past 10 Years
Min: 6.92   Med: 12.38   Max: 26.27
Current: 26.27


During the past 13 years, the highest Gross Margin % of Captain Pipes was 26.27%. The lowest was 6.92%. And the median was 12.38%.

BOM:538817's Gross Margin % is ranked better than
65.78% of 1309 companies
in the Vehicles & Parts industry
Industry Median: 19.77 vs BOM:538817: 26.27

Captain Pipes had a gross margin of 34.70% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Captain Pipes was 22.30% per year.


Captain Pipes  (BOM:538817) 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

Captain Pipes had a gross margin of 34.70% 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.


Captain Pipes Gross Margin % Related Terms


Captain Pipes Gross Margin % Historical Data

* Premium members only.

The historical data trend for Captain Pipes'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.

Captain Pipes Gross Margin % Chart

Captain Pipes 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 7.41 10.25 16.59 21.76 26.27

Captain Pipes Quarterly Data
Sep20 Mar21 Sep21 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 19.23 21.36 24.81 24.50 34.70

BOM:538817 vs ORLY, AZO: Gross Margin % Comparison

For the Auto Parts subindustry, Captain Pipes'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.


Captain Pipes Gross Margin % vs Vehicles & Parts Industry

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

* The bar in red indicates where Captain Pipes's Gross Margin % falls into.


BOM:538817
63GF Score
Captain Pipes Ltd BOM:538817
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Captain Pipes Gross Margin % Calculation

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

Captain Pipes'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 )
=204.2 / 777.311
=(Revenue - Cost of Goods Sold) / Revenue
=(777.311 - 573.124) / 777.311
=26.27 %

Captain Pipes'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 )
=67.3 / 193.941
=(Revenue - Cost of Goods Sold) / Revenue
=(193.941 - 126.649) / 193.941
=34.70 %

* 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 34.70% mean?
Captain Pipes (BOM:538817) has a Gross Margin % of 34.70% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Captain Pipes and its competitors. This is 180% above median its historical median of 12.38. Over the past decade, Captain Pipes' Gross Margin % has ranged from 6.92 to 26.27. According to the industry distribution chart, Captain Pipes ranks #448 out of 1309 companies in the Vehicles & Parts industry, placing it in the top 34.2%.
Is Captain Pipes' Gross Margin % too high?
Captain Pipes' current Gross Margin % of 34.70% is 180% above median its 10-year median of 12.38. Over the past 10 years, this metric has ranged from a low of 6.92 to a high of 26.27. The Vehicles & Parts industry median Gross Margin % is 19.77. Captain Pipes' value of 34.70% is 75.5% above this industry median. Based on the distribution chart, Captain Pipes ranks #448 out of 1309 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Captain Pipes has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Captain Pipes' Gross Margin % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Captain Pipes ranks #448 out of 1309 companies for Gross Margin %. This puts Captain Pipes in the upper half of its industry. The industry median Gross Margin % is 19.77. Captain Pipes' value of 34.70% is 75.5% above this benchmark. Historically, Captain Pipes' own Gross Margin % has ranged from 6.92 to 26.27 over the past decade. While the company's 10-year median is 12.38 vs. the industry median of 19.77, Captain Pipes 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 19.77, based on 1,309 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. Captain Pipes's current Gross Margin % of 34.70% is 75.5% 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 Captain Pipes and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 19.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Captain Pipes's current Gross Margin % is 34.70%, which is 180% above median its own 10-year median of 12.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Captain Pipes stock overvalued right now?
Based on GuruFocus' analysis, Captain Pipes (BOM:538817) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹15.22, compared to a current price of ₹9.09 — trading 40.3% below its estimated fair value. The current Gross Margin % is 34.70%, which is 180% above median its 10-year median of 12.38 and 75.5% above the Vehicles & Parts industry median of 19.77. Captain Pipes' overall GF Score™ is 63/100 with 4 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 Captain Pipes (BOM:538817), the current Gross Margin % is 34.70% 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 Captain Pipes (BOM:538817) Overvalued in 2026?

Based on GuruFocus' analysis, Captain Pipes stock appears to be undervalued. The current stock price of ₹9.09 is trading 40.3% below its estimated GF Value™ of ₹15.22. GuruFocus considers Captain Pipes to be Significantly Undervalued.

Key valuation signals for BOM:538817:

  • Gross Margin %: 34.70% (180% above median its 10-year median of 12.38)
  • GF Value™: ₹15.22 vs. price of ₹9.09 (40.3% below fair value)
  • GF Score™: 63/100 with 4 warning signs
  • Industry Position: 75.5% above the Vehicles & Parts median (#448 of 1309)

No single metric tells the full story. See the BOM:538817 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Captain Pipes Business Description

Address Survey No. 257, Plot No. 23 to 28, National Highway No. 27, Shapar, Veraval, District Rajkot, Rajkot, GJ, IND, 360024
Captain Pipes Ltd manufactures and sells UPVC pipes and fittings in India and internationally. The company offers Plumbing pipes, Plumbing fittings, Casing pipes, Pressure pipes, UPVC column plumbing pipe accessories, and other related products. The company offers its products under the CAPTAIN brand name. It operates in India.
63GF Score

Get the complete analysis for BOM:538817

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

₹9.09
Price
₹15.22
GF Value