Angel One (BOM:543235) Gross Margin %: 66.89% (As of Jun. 2026) — 11% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:543235 Angel One Ltd BOM:543235
84 GF Score
Price ₹343.50
GF Value ₹273.06
Valuation Modestly Overvalued
! 10 Warning Signs
View Full Analysis

What is Angel One Gross Margin %?

Angel One BOM:543235 +2.98% 84 Gross Margin % is 66.89% as of Jun. 2026, which is 11% above its 10-year median of 60.20. GuruFocus rates BOM:543235 with a GF Score™ of 84/100 and a GF Value™ of ₹273.06 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 618 Capital Markets companies, Angel One ranks better than 67.31% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Angel One's Gross Profit for the three months ended in Jun. 2026 was ₹9,527 Mil. Angel One's Revenue for the three months ended in Jun. 2026 was ₹14,244 Mil. Therefore, Angel One's Gross Margin % for the quarter that ended in Jun. 2026 was 66.89%.


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

BOM:543235' s Gross Margin % Range Over the Past 10 Years
Min: 43.33   Med: 60.2   Max: 76.85
Current: 65.06


During the past 11 years, the highest Gross Margin % of Angel One was 76.85%. The lowest was 43.33%. And the median was 60.20%.

BOM:543235's Gross Margin % is ranked better than
67.31% of 618 companies
in the Capital Markets industry
Industry Median: 49.87 vs BOM:543235: 65.06

Angel One had a gross margin of 66.89% for the quarter that ended in Jun. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Angel One was 2.90% per year.


Angel One  (BOM:543235) 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

Angel One had a gross margin of 66.89% for the quarter that ended in Jun. 2026 => Durable 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.


Angel One Gross Margin % Related Terms


Angel One Gross Margin % Historical Data

* Premium members only.

The historical data trend for Angel One'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.

Angel One Gross Margin % Chart

Angel One 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 60.27 60.12 60.94 63.67 64.06

Angel One Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 60.96 62.84 65.67 69.54 66.89

BOM:543235 vs MS, GS, SCHW: Gross Margin % Comparison

For the Capital Markets subindustry, Angel One'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.


Angel One Gross Margin % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Angel One's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Angel One's Gross Margin % falls into.


BOM:543235
84GF Score
Angel One Ltd BOM:543235
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Angel One Gross Margin % Calculation

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

Angel One'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 )
=27579.1 / 43054.08
=(Revenue - Cost of Goods Sold) / Revenue
=(43054.08 - 15474.98) / 43054.08
=64.06 %

Angel One's Gross Margin for the quarter that ended in Jun. 2026 is calculated as


Gross Margin % (Q: Jun. 2026 )=Gross Profit (Q: Jun. 2026 ) / Revenue (Q: Jun. 2026 )
=9527.1 / 14243.88
=(Revenue - Cost of Goods Sold) / Revenue
=(14243.88 - 4716.78) / 14243.88
=66.89 %

* 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 66.89% mean?
Angel One (BOM:543235) has a Gross Margin % of 66.89% as of Jun. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Angel One and its competitors. This is 11% above median its historical median of 60.20. Over the past decade, Angel One's Gross Margin % has ranged from 43.33 to 76.85. According to the industry distribution chart, Angel One ranks #202 out of 618 companies in the Capital Markets industry, placing it in the top 32.7%.
Is Angel One's Gross Margin % too high?
Angel One's current Gross Margin % of 66.89% is 11% above median its 10-year median of 60.20. Over the past 10 years, this metric has ranged from a low of 43.33 to a high of 76.85. The Capital Markets industry median Gross Margin % is 49.87. Angel One's value of 66.89% is 34.1% above this industry median. Based on the distribution chart, Angel One ranks #202 out of 618 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Angel One has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Angel One's Gross Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Angel One ranks #202 out of 618 companies for Gross Margin %. This puts Angel One in the upper half of its industry. The industry median Gross Margin % is 49.87. Angel One's value of 66.89% is 34.1% above this benchmark. Historically, Angel One's own Gross Margin % has ranged from 43.33 to 76.85 over the past decade. While the company's 10-year median is 60.20 vs. the industry median of 49.87, Angel One 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 Capital Markets company?
The median Gross Margin % among Capital Markets companies is 49.87, based on 618 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. Angel One's current Gross Margin % of 66.89% is 34.1% 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 Angel One and its competitors. For the Capital Markets industry, the median Gross Margin % is 49.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Angel One's current Gross Margin % is 66.89%, which is 11% above median its own 10-year median of 60.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Angel One stock overvalued right now?
Based on GuruFocus' analysis, Angel One (BOM:543235) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹273.06, compared to a current price of ₹343.50 — trading 25.8% above its estimated fair value. The current Gross Margin % is 66.89%, which is 11% above median its 10-year median of 60.20 and 34.1% above the Capital Markets industry median of 49.87. Angel One's overall GF Score™ is 84/100 with 10 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 Angel One (BOM:543235), the current Gross Margin % is 66.89% as of Jun. 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 Angel One (BOM:543235) Overvalued in 2026?

Based on GuruFocus' analysis, Angel One stock appears to be overvalued. The current stock price of ₹343.50 is trading 25.8% above its estimated GF Value™ of ₹273.06. GuruFocus considers Angel One to be Modestly Overvalued.

Key valuation signals for BOM:543235:

  • Gross Margin %: 66.89% (11% above median its 10-year median of 60.20)
  • GF Value™: ₹273.06 vs. price of ₹343.50 (25.8% above fair value)
  • GF Score™: 84/100 with 10 warning signs
  • Industry Position: 34.1% above the Capital Markets median (#202 of 618)

No single metric tells the full story. See the BOM:543235 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Angel One Business Description

Other Exchanges ANGELONE:India
Address 601, 6th Floor, Ackruti Star, Central Road, MIDC, Andheri (E, Mumbai, MH, IND, 400 093
Angel One Ltd is a technology enabled financial services platform offering a range of investment and financial solutions across capital markets. Through its flagship Angel One platform, accessible across mobile, web and tablet interfaces, the company provides customers with access to capital markets, investment products and wealth creation tools through a single digital interface. The platform leverages technology driven processes, including data analytics and automation, to support scalable service delivery and customer engagement. Its products and services include Trading & Broking, Depository Operations, Research & Advisory, Margin Trading Funding, Third-Party Financial Product Distribution, IPO & Primary Market Access, and Investor Education & Knowledge Platforms.
84GF Score

Get the complete analysis for BOM:543235

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

₹343.50
Price
₹273.06
GF Value