Nexxus Petro Industries (BOM:544265) Gross Margin % : 4.96% (As of Mar. 2024)

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What is Nexxus Petro Industries Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Nexxus Petro Industries's Gross Profit for the six months ended in Mar. 2024 was ₹117.7 Mil. Nexxus Petro Industries's Revenue for the six months ended in Mar. 2024 was ₹2,370.7 Mil. Therefore, Nexxus Petro Industries's Gross Margin % for the quarter that ended in Mar. 2024 was 4.96%.

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

BOM:544265' s Gross Margin % Range Over the Past 10 Years
Min: 3.97 Med: 4.33 Max: 4.96
Current: 4.96

During the past 3 years, the highest Gross Margin % of Nexxus Petro Industries was 4.96%. The lowest was 3.97%. And the median was 4.33%.

BOM:544265's Gross Margin % is ranked worse than
93.09% of 1504 companies
in the Chemicals industry
Industry Median: 22.12 vs BOM:544265: 4.96

Nexxus Petro Industries had a gross margin of 4.96% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Nexxus Petro Industries was 0.00% per year.

Nexxus Petro Industries Gross Margin % Historical Data

The historical data trend for Nexxus Petro 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.

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Nexxus Petro Industries Gross Margin % Chart

Nexxus Petro Industries Annual Data

Trend

Mar22

Mar23

Mar24

Gross Margin %

3.97

4.33

4.96

Nexxus Petro Industries Semi-Annual Data
	Mar22	Mar23	Mar24
Gross Margin %	3.97	4.33	4.96

Competitive Comparison of Nexxus Petro Industries's Gross Margin %

For the Specialty Chemicals subindustry, Nexxus Petro 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.

Nexxus Petro Industries's Gross Margin % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nexxus Petro Industries's Gross Margin % distribution charts can be found below:

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

Nexxus Petro Industries Gross Margin % Calculation

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

Nexxus Petro Industries'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 )
	=	117.7	/	2370.71
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2370.71 - 2253.037)	/	2370.71
	=	4.96 %

Nexxus Petro Industries'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 )
	=	117.7	/	2370.71
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2370.71 - 2253.037)	/	2370.71
	=	4.96 %

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.

Nexxus Petro Industries (BOM:544265) 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

Nexxus Petro Industries had a gross margin of 4.96% for the quarter that ended in Mar. 2024 => 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.

Nexxus Petro Industries Gross Margin % Related Terms

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Nexxus Petro Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nexxus Petro Industries Ltd (BOM:544265) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

SP Ring Road, Near Shantipura Circle, Swati Trinity, B-811, Applewoods Township, Sanathal Sanand, Sarkhej, Dascroi, Ahmedabad, GJ, IND, 382210

Website

https://www.nexxusgroup.co.in

Nexxus Petro Industries Ltd is engaged in trading, manufacturing and selling of Petrochem products namely Bitumen products. Its product is widely used in the infrastructure sector and the road construction industry. It variety of products includes various grades of Bitumen which are classified on the basis of viscosity and related properties of each grade. Presently, the company procures bitumen via imports from Dubai as well as purchases from other domestic importers/sellers in India.

Nexxus Petro Industries Headlines

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