Shish Industries (BOM:540693) Gross Margin %: 15.49% (As of Mar. 2026) — 53% Below Median

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BOM:540693 Shish Industries Ltd BOM:540693
91 GF Score
Price ₹12.14
GF Value ₹15.08
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Shish Industries Gross Margin %?

Shish Industries BOM:540693 -0.74% 91 Gross Margin % is 15.49% as of Mar. 2026, which is 53% below its 10-year median of 33.30. GuruFocus rates BOM:540693 with a GF Score™ of 91/100 and a GF Value™ of ₹15.08 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 383 Packaging & Containers companies, Shish Industries ranks better than 75.72% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Shish Industries's Gross Profit for the three months ended in Mar. 2026 was ₹59 Mil. Shish Industries's Revenue for the three months ended in Mar. 2026 was ₹382 Mil. Therefore, Shish Industries's Gross Margin % for the quarter that ended in Mar. 2026 was 15.49%.


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

BOM:540693' s Gross Margin % Range Over the Past 10 Years
Min: 20.96   Med: 33.3   Max: 48.01
Current: 32.67


During the past 13 years, the highest Gross Margin % of Shish Industries was 48.01%. The lowest was 20.96%. And the median was 33.30%.

BOM:540693's Gross Margin % is ranked better than
75.72% of 383 companies
in the Packaging & Containers industry
Industry Median: 21.28 vs BOM:540693: 32.67

Shish Industries had a gross margin of 15.49% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Shish Industries was 10.70% per year.


Shish Industries  (BOM:540693) 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

Shish Industries had a gross margin of 15.49% 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.


Shish Industries Gross Margin % Related Terms


Shish Industries Gross Margin % Historical Data

* Premium members only.

The historical data trend for Shish 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.

Shish Industries Gross Margin % Chart

Shish 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 20.96 27.89 31.13 37.50 32.67

Shish 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 27.92 38.07 41.46 39.13 15.49

BOM:540693 vs SW, PKG, IP: Gross Margin % Comparison

For the Packaging & Containers subindustry, Shish 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.


Shish Industries Gross Margin % vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Shish Industries's Gross Margin % distribution charts can be found below:

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


BOM:540693
91GF Score
Shish Industries Ltd BOM:540693
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shish Industries Gross Margin % Calculation

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

Shish 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 )
=439.1 / 1343.912
=(Revenue - Cost of Goods Sold) / Revenue
=(1343.912 - 904.806) / 1343.912
=32.67 %

Shish 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 )
=59.1 / 381.504
=(Revenue - Cost of Goods Sold) / Revenue
=(381.504 - 322.402) / 381.504
=15.49 %

* 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 15.49% mean?
Shish Industries (BOM:540693) has a Gross Margin % of 15.49% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Shish Industries and its competitors. This is 53% below median its historical median of 33.30. Over the past decade, Shish Industries' Gross Margin % has ranged from 20.96 to 48.01. According to the industry distribution chart, Shish Industries ranks #93 out of 383 companies in the Packaging & Containers industry, placing it in the top 24.3%.
Is Shish Industries' Gross Margin % too high?
Shish Industries' current Gross Margin % of 15.49% is 53% below median its 10-year median of 33.30. Over the past 10 years, this metric has ranged from a low of 20.96 to a high of 48.01. The Packaging & Containers industry median Gross Margin % is 21.28. Shish Industries' value of 15.49% is 27.2% below this industry median. Based on the distribution chart, Shish Industries ranks #93 out of 383 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Shish Industries has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shish Industries' Gross Margin % compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Shish Industries ranks #93 out of 383 companies for Gross Margin %. This places Shish Industries in the top 24% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 21.28. Shish Industries' value of 15.49% is 27.2% below this benchmark. Historically, Shish Industries' own Gross Margin % has ranged from 20.96 to 48.01 over the past decade. While the company's 10-year median is 33.30 vs. the industry median of 21.28, Shish 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 Packaging & Containers company?
The median Gross Margin % among Packaging & Containers companies is 21.28, based on 383 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. Shish Industries's current Gross Margin % of 15.49% is 27.2% 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 Shish Industries and its competitors. For the Packaging & Containers industry, the median Gross Margin % is 21.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shish Industries's current Gross Margin % is 15.49%, which is 53% below median its own 10-year median of 33.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shish Industries stock overvalued right now?
Based on GuruFocus' analysis, Shish Industries (BOM:540693) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹15.08, compared to a current price of ₹12.14 — trading 19.5% below its estimated fair value. The current Gross Margin % is 15.49%, which is 53% below median its 10-year median of 33.30 and 27.2% below the Packaging & Containers industry median of 21.28. Shish Industries' overall GF Score™ is 91/100 with 7 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 Shish Industries (BOM:540693), the current Gross Margin % is 15.49% 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 Shish Industries (BOM:540693) Overvalued in 2026?

Based on GuruFocus' analysis, Shish Industries stock appears to be undervalued. The current stock price of ₹12.14 is trading 19.5% below its estimated GF Value™ of ₹15.08. GuruFocus considers Shish Industries to be Modestly Undervalued.

Key valuation signals for BOM:540693:

  • Gross Margin %: 15.49% (53% below median its 10-year median of 33.30)
  • GF Value™: ₹15.08 vs. price of ₹12.14 (19.5% below fair value)
  • GF Score™: 91/100 with 7 warning signs
  • Industry Position: 27.2% below the Packaging & Containers median (#93 of 383)

No single metric tells the full story. See the BOM:540693 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shish Industries Business Description

Address Varachha Road, TP No.4, RS No.11 Paiki, 12-13 B, Paiki, Plot C 1st Floor of 11, 12 Suryapur Mill Compound, Surat, GJ, IND, 395006
Shish Industries Ltd is a manufacturer of plastic corrugated sheets. It also manufactures Saffguard and Stagguard which is a twin wall or Multi-Wall Boards made from plastic resin. The company's products include Polypropylene Corrugated Sheet, Reflective Insulation Product- Carmika, dunnage bags, water tank insulation cover, Sticky traps, Insulation Cover, Cooler Bags, and Others. The company is primarily engaged in the business of Corrugated Plastic Sheets which constitute a single reportable segment.
91GF Score

Get the complete analysis for BOM:540693

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

₹12.14
Price
₹15.08
GF Value