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National Securities DepositoryBOM:544467 +0.05%47 Gross Margin % is 89.55% as of Jun. 2026, which is 4% above its 10-year median of 86.11. GuruFocus rates BOM:544467 with a GF Score™ of 47/100. The stock has 2 warning signs investors should review. Among 622 Capital Markets companies, National Securities Depository ranks better than 87.62% on this metric.
National Securities Depository (BOM:544467) 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
National Securities Depository had a gross margin of 89.55% 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.
National Securities Depository Gross Margin % Related Terms
National Securities Depository Gross Margin % Historical Data
* 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.
National Securities Depository Gross Margin % Chart
BOM:544467 vs SPGI, CME, ICE: Gross Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, National Securities Depository'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.
National Securities Depository Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, National Securities Depository's Gross Margin % distribution charts can be found below:
* The bar in red indicates where National Securities Depository's Gross Margin % falls into.
* 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.
National Securities Depository (BOM:544467) has a Gross Margin % of 89.55% as of Jun. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on National Securities Depository and its competitors. This is near median its historical median of 86.11. Over the past decade, National Securities Depository's Gross Margin % has ranged from 74.55 to 90.25. According to the industry distribution chart, National Securities Depository ranks #77 out of 622 companies in the Capital Markets industry, placing it in the top 12.4%.
Is National Securities Depository's Gross Margin % too high?
National Securities Depository's current Gross Margin % of 89.55% is near median its 10-year median of 86.11. Over the past 10 years, this metric has ranged from a low of 74.55 to a high of 90.25. The Capital Markets industry median Gross Margin % is 50.42. National Securities Depository's value of 89.55% is 77.6% above this industry median. Based on the distribution chart, National Securities Depository ranks #77 out of 622 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, National Securities Depository has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does National Securities Depository's Gross Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, National Securities Depository ranks #77 out of 622 companies for Gross Margin %. This places National Securities Depository in the top 12% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 50.42. National Securities Depository's value of 89.55% is 77.6% above this benchmark. Historically, National Securities Depository's own Gross Margin % has ranged from 74.55 to 90.25 over the past decade. While the company's 10-year median is 86.11 vs. the industry median of 50.42, National Securities Depository 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 50.42, based on 622 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. National Securities Depository's current Gross Margin % of 89.55% is 77.6% 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 National Securities Depository and its competitors. For the Capital Markets industry, the median Gross Margin % is 50.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Securities Depository's current Gross Margin % is 89.55%, which is near median its own 10-year median of 86.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Securities Depository stock overvalued right now?
National Securities Depository (BOM:544467) has a current Gross Margin % of 89.55%. The current Gross Margin % is 89.55%, which is near median its 10-year median of 86.11 and 77.6% above the Capital Markets industry median of 50.42. National Securities Depository's overall GF Score™ is 47/100 with 2 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 National Securities Depository (BOM:544467), the current Gross Margin % is 89.55% 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.
National Securities Depository Ltd is a SEBI-registered market infrastructure institution (MII) that offers a wide range-of-products and services to the financial and securities markets in India. As a depository, it provides a depository framework that allows market participants to engage in the financial and securities markets in India. It also plays a central role in developing products and services that will continue to meet the growing needs of the financial services industry in India. The company's business is to provide depository services to its clients in India, including various services for investors such as dematerialization, re-materialization, holding, transfer, and pledge of securities in electronic form.
47GF Score
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