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Dolfin Rubbers (BOM:542013) Gross Margin % : 38.27% (As of Mar. 2024)


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What is Dolfin Rubbers Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Dolfin Rubbers's Gross Profit for the three months ended in Mar. 2024 was ₹132 Mil. Dolfin Rubbers's Revenue for the three months ended in Mar. 2024 was ₹346 Mil. Therefore, Dolfin Rubbers's Gross Margin % for the quarter that ended in Mar. 2024 was 38.27%.


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

BOM:542013' s Gross Margin % Range Over the Past 10 Years
Min: 17.74   Med: 26.82   Max: 37.34
Current: 36.57


During the past 11 years, the highest Gross Margin % of Dolfin Rubbers was 37.34%. The lowest was 17.74%. And the median was 26.82%.

BOM:542013's Gross Margin % is ranked better than
83.9% of 1273 companies
in the Vehicles & Parts industry
Industry Median: 19.79 vs BOM:542013: 36.57

Dolfin Rubbers had a gross margin of 38.27% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Dolfin Rubbers was 14.40% per year.


Dolfin Rubbers Gross Margin % Historical Data

The historical data trend for Dolfin Rubbers'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.

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Dolfin Rubbers Gross Margin % Chart

Dolfin Rubbers Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.91 22.12 25.06 37.34 36.57

Dolfin Rubbers Quarterly Data
Mar15 Mar16 Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 30.45 44.90 27.70 37.88 38.27

Competitive Comparison of Dolfin Rubbers's Gross Margin %

For the Auto Parts subindustry, Dolfin Rubbers'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.


Dolfin Rubbers's Gross Margin % Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Dolfin Rubbers's Gross Margin % falls into.



Dolfin Rubbers Gross Margin % Calculation

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

Dolfin Rubbers's Gross Margin for the fiscal year that ended in Mar. 2024 is calculated as

Gross Margin % (A: Mar. 2024 )=Gross Profit (A: Mar. 2024 ) / Revenue (A: Mar. 2024 )
=460.5 / 1259.426
=(Revenue - Cost of Goods Sold) / Revenue
=(1259.426 - 798.906) / 1259.426
=36.57 %

Dolfin Rubbers's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=132.5 / 346.09
=(Revenue - Cost of Goods Sold) / Revenue
=(346.09 - 213.635) / 346.09
=38.27 %

* 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.


Dolfin Rubbers  (BOM:542013) 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

Dolfin Rubbers had a gross margin of 38.27% for the quarter that ended in Mar. 2024 => 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.


Dolfin Rubbers Gross Margin % Related Terms

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Dolfin Rubbers (BOM:542013) Business Description

Traded in Other Exchanges
N/A
Address
26-A, Bhai Randhir Singh Nagar, Opposite Ramesh Eye Hospital, Ludhiana, PB, IND, 141012
Dolfin Rubbers Ltd The Company is mainly engaged in Manufacturing Rubber Tyres and Tubes, so the Management considers this the only business segment of the Company. The company's main business is in India. Based on its vehicle types, the tire market can be segmented into passenger cars, light commercial vehicles, medium and heavy commercial vehicles, two-wheelers and three-wheelers, and off-road, among others.

Dolfin Rubbers (BOM:542013) Headlines

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