Kenvi Jewels (BOM:540953) Gross Margin %: 1.93% (As of Mar. 2026) — 44% Below Median


BOM:540953 Kenvi Jewels Ltd BOM:540953
79 GF Score
Price ₹2.12
GF Value ₹5.52
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Kenvi Jewels Gross Margin %?

Kenvi Jewels BOM:540953 79 Gross Margin % is 1.93% as of Mar. 2026, which is 44% below its 10-year median of 3.43. GuruFocus rates BOM:540953 with a GF Score™ of 79/100 and a GF Value™ of ₹5.52 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,112 Retail - Cyclical companies, Kenvi Jewels ranks worse than 97.3% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Kenvi Jewels's Gross Profit for the three months ended in Mar. 2026 was ₹10 Mil. Kenvi Jewels's Revenue for the three months ended in Mar. 2026 was ₹495 Mil. Therefore, Kenvi Jewels's Gross Margin % for the quarter that ended in Mar. 2026 was 1.93%.

Warning Sign:

Kenvi Jewels Ltd gross margin has been in long-term decline. The average rate of decline per year is -10.6%.


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

BOM:540953' s Gross Margin % Range Over the Past 10 Years
Min: 2.32   Med: 3.43   Max: 5.55
Current: 2.6


During the past 13 years, the highest Gross Margin % of Kenvi Jewels was 5.55%. The lowest was 2.32%. And the median was 3.43%.

BOM:540953's Gross Margin % is ranked worse than
97.3% of 1112 companies
in the Retail - Cyclical industry
Industry Median: 36.24 vs BOM:540953: 2.60

Kenvi Jewels had a gross margin of 1.93% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Kenvi Jewels was -10.60% per year.


Kenvi Jewels  (BOM:540953) 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

Kenvi Jewels had a gross margin of 1.93% 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.


Kenvi Jewels Gross Margin % Related Terms


Kenvi Jewels Gross Margin % Historical Data

* Premium members only.

The historical data trend for Kenvi Jewels'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.

Kenvi Jewels Gross Margin % Chart

Kenvi Jewels 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 3.91 3.85 3.01 2.50 2.60

Kenvi Jewels 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 2.55 2.53 2.46 3.39 1.93

BOM:540953 vs TPR: Gross Margin % Comparison

For the Luxury Goods subindustry, Kenvi Jewels'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.


Kenvi Jewels Gross Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Kenvi Jewels's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Kenvi Jewels's Gross Margin % falls into.


BOM:540953
79GF Score
Kenvi Jewels Ltd BOM:540953
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Kenvi Jewels Gross Margin % Calculation

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

Kenvi Jewels'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 )
=46.6 / 1791.271
=(Revenue - Cost of Goods Sold) / Revenue
=(1791.271 - 1744.697) / 1791.271
=2.60 %

Kenvi Jewels'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 )
=9.6 / 495.007
=(Revenue - Cost of Goods Sold) / Revenue
=(495.007 - 485.441) / 495.007
=1.93 %

* 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 1.93% mean?
Kenvi Jewels (BOM:540953) has a Gross Margin % of 1.93% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Kenvi Jewels and its competitors. This is 44% below median its historical median of 3.43. Over the past decade, Kenvi Jewels' Gross Margin % has ranged from 2.32 to 5.55. According to the industry distribution chart, Kenvi Jewels ranks #1082 out of 1112 companies in the Retail - Cyclical industry, placing it in the top 97.3%.
Is Kenvi Jewels' Gross Margin % too high?
Kenvi Jewels' current Gross Margin % of 1.93% is 44% below median its 10-year median of 3.43. Over the past 10 years, this metric has ranged from a low of 2.32 to a high of 5.55. The Retail - Cyclical industry median Gross Margin % is 36.24. Kenvi Jewels' value of 1.93% is 94.7% below this industry median. Based on the distribution chart, Kenvi Jewels ranks #1082 out of 1112 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Kenvi Jewels has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kenvi Jewels' Gross Margin % compare to TPR?
According to the Retail - Cyclical industry distribution chart, Kenvi Jewels ranks #1082 out of 1112 companies for Gross Margin %. This places Kenvi Jewels in the lower half of its industry. The industry median Gross Margin % is 36.24. Kenvi Jewels' value of 1.93% is 94.7% below this benchmark. Historically, Kenvi Jewels' own Gross Margin % has ranged from 2.32 to 5.55 over the past decade. While the company's 10-year median is 3.43 vs. the industry median of 36.24, Kenvi Jewels 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 Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.24, based on 1,112 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. Kenvi Jewels's current Gross Margin % of 1.93% is 94.7% 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 Kenvi Jewels and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kenvi Jewels's current Gross Margin % is 1.93%, which is 44% below median its own 10-year median of 3.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kenvi Jewels stock overvalued right now?
Based on GuruFocus' analysis, Kenvi Jewels (BOM:540953) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹5.52, compared to a current price of ₹2.12 — trading 61.6% below its estimated fair value. The current Gross Margin % is 1.93%, which is 44% below median its 10-year median of 3.43 and 94.7% below the Retail - Cyclical industry median of 36.24. Kenvi Jewels' overall GF Score™ is 79/100 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 Kenvi Jewels (BOM:540953), the current Gross Margin % is 1.93% 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 Kenvi Jewels (BOM:540953) Overvalued in 2026?

Based on GuruFocus' analysis, Kenvi Jewels stock appears to be undervalued. The current stock price of ₹2.12 is trading 61.6% below its estimated GF Value™ of ₹5.52. GuruFocus considers Kenvi Jewels to be Significantly Undervalued.

Key valuation signals for BOM:540953:

  • Gross Margin %: 1.93% (44% below median its 10-year median of 3.43)
  • GF Value™: ₹5.52 vs. price of ₹2.12 (61.6% below fair value)
  • GF Score™: 79/100 with 3 warning signs
  • Industry Position: 94.7% below the Retail - Cyclical median (#1082 of 1112)

No single metric tells the full story. See the BOM:540953 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kenvi Jewels Business Description

Address CG Road, Shop No. 121 & 122, Super Mall Complex, Near Lal Bunglow, Ahmedabad, GJ, IND, 380006
Kenvi Jewels Ltd is engaged in the business of manufacturing and retailing jewellery products. The company is involved in the wholesaling and trading of gold jewelry. Its product portfolio includes Wedding Jewellery, Festive Jewellery, Rings, Chain, Earrings, Ear Chain, Nose-rings/Nose pins, Waist belts, Mangalsutra, Anklet, Zuda, Toe Ring, Pendant Set/ Pendant, Bracelet, and Bangles.
79GF Score

Get the complete analysis for BOM:540953

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

₹2.12
Price
₹5.52
GF Value