Shine Fashions (India) (BOM:543244) Gross Margin %: 13.68% (As of Mar. 2026) — Near Median

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BOM:543244 Shine Fashions (India) Ltd BOM:543244
75 GF Score
Price ₹20.38
GF Value ₹56.41
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Shine Fashions (India) Gross Margin %?

Shine Fashions (India) BOM:543244 +4.94% 75 Gross Margin % is 13.68% as of Mar. 2026, which is 5% above its 10-year median of 13.02. GuruFocus rates BOM:543244 with a GF Score™ of 75/100 and a GF Value™ of ₹56.41 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,024 Manufacturing - Apparel & Accessories companies, Shine Fashions (India) ranks worse than 70.7% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Shine Fashions (India)'s Gross Profit for the six months ended in Mar. 2026 was ₹80 Mil. Shine Fashions (India)'s Revenue for the six months ended in Mar. 2026 was ₹582 Mil. Therefore, Shine Fashions (India)'s Gross Margin % for the quarter that ended in Mar. 2026 was 13.68%.


The historical rank and industry rank for Shine Fashions (India)'s Gross Margin % or its related term are showing as below:

BOM:543244' s Gross Margin % Range Over the Past 10 Years
Min: 6.93   Med: 13.02   Max: 16.61
Current: 16.61


During the past 7 years, the highest Gross Margin % of Shine Fashions (India) was 16.61%. The lowest was 6.93%. And the median was 13.02%.

BOM:543244's Gross Margin % is ranked worse than
70.7% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 28.435 vs BOM:543244: 16.61

Shine Fashions (India) had a gross margin of 13.68% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Shine Fashions (India) was 15.40% per year.


Shine Fashions (India)  (BOM:543244) 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

Shine Fashions (India) had a gross margin of 13.68% 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.


Shine Fashions (India) Gross Margin % Related Terms


Shine Fashions (India) Gross Margin % Historical Data

* Premium members only.

The historical data trend for Shine Fashions (India)'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.

Shine Fashions (India) Gross Margin % Chart

Shine Fashions (India) Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial 8.56 13.02 13.03 15.14 16.61

Shine Fashions (India) Semi-Annual Data
Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.21 15.99 14.52 20.50 13.68

Shine Fashions (India) Gross Margin % Competitor Comparison

For the Textile Manufacturing subindustry, Shine Fashions (India)'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.


Shine Fashions (India) Gross Margin % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shine Fashions (India)'s Gross Margin % distribution charts can be found below:

* The bar in red indicates where Shine Fashions (India)'s Gross Margin % falls into.


BOM:543244
75GF Score
Shine Fashions (India) Ltd BOM:543244
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shine Fashions (India) Gross Margin % Calculation

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

Shine Fashions (India)'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 )
=169.5 / 1019.981
=(Revenue - Cost of Goods Sold) / Revenue
=(1019.981 - 850.522) / 1019.981
=16.61 %

Shine Fashions (India)'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 )
=79.6 / 581.643
=(Revenue - Cost of Goods Sold) / Revenue
=(581.643 - 502.059) / 581.643
=13.68 %

* 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 13.68% mean?
Shine Fashions (India) (BOM:543244) has a Gross Margin % of 13.68% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Shine Fashions (India) and its competitors. This is near median its historical median of 13.02. Over the past decade, Shine Fashions (India)'s Gross Margin % has ranged from 6.93 to 16.61. According to the industry distribution chart, Shine Fashions (India) ranks #724 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 70.7%.
Is Shine Fashions (India)'s Gross Margin % too high?
Shine Fashions (India)'s current Gross Margin % of 13.68% is near median its 10-year median of 13.02. Over the past 10 years, this metric has ranged from a low of 6.93 to a high of 16.61. The Manufacturing - Apparel & Accessories industry median Gross Margin % is 28.44. Shine Fashions (India)'s value of 13.68% is 51.9% below this industry median. Based on the distribution chart, Shine Fashions (India) ranks #724 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Shine Fashions (India) has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shine Fashions (India)'s Gross Margin % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Shine Fashions (India) ranks #724 out of 1024 companies for Gross Margin %. This places Shine Fashions (India) in the lower half of its industry. The industry median Gross Margin % is 28.44. Shine Fashions (India)'s value of 13.68% is 51.9% below this benchmark. Historically, Shine Fashions (India)'s own Gross Margin % has ranged from 6.93 to 16.61 over the past decade. While the company's 10-year median is 13.02 vs. the industry median of 28.44, Shine Fashions (India) 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 Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.44, based on 1,024 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. Shine Fashions (India)'s current Gross Margin % of 13.68% is 51.9% 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 Shine Fashions (India) and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shine Fashions (India)'s current Gross Margin % is 13.68%, which is near median its own 10-year median of 13.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shine Fashions (India) stock overvalued right now?
Based on GuruFocus' analysis, Shine Fashions (India) (BOM:543244) is currently considered Possible Value Trap. The stock's GF Value™ is ₹56.41, compared to a current price of ₹20.38 — trading 63.9% below its estimated fair value. The current Gross Margin % is 13.68%, which is near median its 10-year median of 13.02 and 51.9% below the Manufacturing - Apparel & Accessories industry median of 28.44. Shine Fashions (India)'s overall GF Score™ is 75/100 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 Shine Fashions (India) (BOM:543244), the current Gross Margin % is 13.68% 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 Shine Fashions (India) (BOM:543244) Overvalued in 2026?

Based on GuruFocus' analysis, Shine Fashions (India) stock appears to be undervalued. The current stock price of ₹20.38 is trading 63.9% below its estimated GF Value™ of ₹56.41. GuruFocus considers Shine Fashions (India) to be Possible Value Trap.

Key valuation signals for BOM:543244:

  • Gross Margin %: 13.68% (near median its 10-year median of 13.02)
  • GF Value™: ₹56.41 vs. price of ₹20.38 (63.9% below fair value)
  • GF Score™: 75/100 with 7 warning signs
  • Industry Position: 51.9% below the Manufacturing - Apparel & Accessories median (#724 of 1024)

No single metric tells the full story. See the BOM:543244 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shine Fashions (India) Business Description

Address L.B.S.Road,Opposite Veena Nagar, 912, 9th Floor, Runwal R Square, Mulund west, Mumbai, MH, IND, 400 080
Shine Fashions (India) Ltd imports, supplies, and trades non-woven interlining fabrics, woven fusible interlinings, and microdot fusible interlinings. The company's product portfolio includes Hot Web Adhesive; Woven Stretch Interlining; Cap Interlining; Tricot; Non-Woven Interlining; Cotton Fusible Interlining; and Trafetta. It offers products in white, off-white, black, and charcoal.
75GF Score

Get the complete analysis for BOM:543244

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

₹20.38
Price
₹56.41
GF Value