Accord Transformer & Switchgear (BOM:544710) Gross Margin %: 22.95% (As of Mar. 2026) — 28% 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:544710 Accord Transformer & Switchgear Ltd BOM:544710
18 GF Score
Price ₹58.21
! 4 Warning Signs
View Full Analysis

What is Accord Transformer & Switchgear Gross Margin %?

Accord Transformer & Switchgear BOM:544710 -0.77% 18 Gross Margin % is 22.95% as of Mar. 2026, which is 28% above its 10-year median of 17.88. GuruFocus rates BOM:544710 with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 2,999 Industrial Products companies, Accord Transformer & Switchgear ranks worse than 60.89% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Accord Transformer & Switchgear's Gross Profit for the six months ended in Mar. 2026 was ₹97.2 Mil. Accord Transformer & Switchgear's Revenue for the six months ended in Mar. 2026 was ₹423.5 Mil. Therefore, Accord Transformer & Switchgear's Gross Margin % for the quarter that ended in Mar. 2026 was 22.95%.


The historical rank and industry rank for Accord Transformer & Switchgear's Gross Margin % or its related term are showing as below:

BOM:544710' s Gross Margin % Range Over the Past 10 Years
Min: 11.65   Med: 17.88   Max: 24.08
Current: 22.96


During the past 4 years, the highest Gross Margin % of Accord Transformer & Switchgear was 24.08%. The lowest was 11.65%. And the median was 17.88%.

BOM:544710's Gross Margin % is ranked worse than
60.89% of 2999 companies
in the Industrial Products industry
Industry Median: 26.83 vs BOM:544710: 22.96

Accord Transformer & Switchgear had a gross margin of 22.95% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Accord Transformer & Switchgear was 0.00% per year.


Accord Transformer & Switchgear  (BOM:544710) 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

Accord Transformer & Switchgear had a gross margin of 22.95% for the quarter that ended in Mar. 2026 => 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.


Accord Transformer & Switchgear Gross Margin % Related Terms


Accord Transformer & Switchgear Gross Margin % Historical Data

* Premium members only.

The historical data trend for Accord Transformer & Switchgear'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.

Accord Transformer & Switchgear Gross Margin % Chart

Accord Transformer & Switchgear Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Gross Margin %
11.65 15.17 20.59 24.08

Accord Transformer & Switchgear Semi-Annual Data
Mar23 Mar24 Mar25 Mar26
Gross Margin % 0.00 0.00 20.89 22.95

BOM:544710 vs VRT, BE: Gross Margin % Comparison

For the Electrical Equipment & Parts subindustry, Accord Transformer & Switchgear'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.


Accord Transformer & Switchgear Gross Margin % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Accord Transformer & Switchgear's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Accord Transformer & Switchgear's Gross Margin % falls into.


BOM:544710
18GF Score
Accord Transformer & Switchgear Ltd BOM:544710
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Accord Transformer & Switchgear Gross Margin % Calculation

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

Accord Transformer & Switchgear'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 )
=168.7 / 700.692
=(Revenue - Cost of Goods Sold) / Revenue
=(700.692 - 531.966) / 700.692
=24.08 %

Accord Transformer & Switchgear'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 )
=97.2 / 423.536
=(Revenue - Cost of Goods Sold) / Revenue
=(423.536 - 326.314) / 423.536
=22.95 %

* 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 22.95% mean?
Accord Transformer & Switchgear (BOM:544710) has a Gross Margin % of 22.95% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Accord Transformer & Switchgear and its competitors. This is 28% above median its historical median of 17.88. Over the past decade, Accord Transformer & Switchgear's Gross Margin % has ranged from 11.65 to 24.08. According to the industry distribution chart, Accord Transformer & Switchgear ranks #1826 out of 2999 companies in the Industrial Products industry, placing it in the top 60.9%.
Is Accord Transformer & Switchgear's Gross Margin % too high?
Accord Transformer & Switchgear's current Gross Margin % of 22.95% is 28% above median its 10-year median of 17.88. Over the past 10 years, this metric has ranged from a low of 11.65 to a high of 24.08. The Industrial Products industry median Gross Margin % is 26.83. Accord Transformer & Switchgear's value of 22.95% is 14.5% below this industry median. Based on the distribution chart, Accord Transformer & Switchgear ranks #1826 out of 2999 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Accord Transformer & Switchgear has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Accord Transformer & Switchgear's Gross Margin % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Accord Transformer & Switchgear ranks #1826 out of 2999 companies for Gross Margin %. This places Accord Transformer & Switchgear in the lower half of its industry. The industry median Gross Margin % is 26.83. Accord Transformer & Switchgear's value of 22.95% is 14.5% below this benchmark. Historically, Accord Transformer & Switchgear's own Gross Margin % has ranged from 11.65 to 24.08 over the past decade. While the company's 10-year median is 17.88 vs. the industry median of 26.83, Accord Transformer & Switchgear 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 an Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.83, based on 2,999 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. Accord Transformer & Switchgear's current Gross Margin % of 22.95% is 14.5% 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 Accord Transformer & Switchgear and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Accord Transformer & Switchgear's current Gross Margin % is 22.95%, which is 28% above median its own 10-year median of 17.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Accord Transformer & Switchgear stock overvalued right now?
Accord Transformer & Switchgear (BOM:544710) has a current Gross Margin % of 22.95%. The current Gross Margin % is 22.95%, which is 28% above median its 10-year median of 17.88 and 14.5% below the Industrial Products industry median of 26.83. Accord Transformer & Switchgear's overall GF Score™ is 18/100 with 4 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 Accord Transformer & Switchgear (BOM:544710), the current Gross Margin % is 22.95% 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.

Accord Transformer & Switchgear Business Description

Address K Block, Sector2, Unit No.724-725-726, IMT Manesar, Gurgaon, HR, IND, 122050
Accord Transformer & Switchgear Ltd is engaged in the design, engineering, manufacturing, and supply of a diversified range of electrical power and distribution transformers and related equipment. It serves various industries, including the power transmission and distribution sector, renewable energy, industrial applications, infrastructure projects, and electric vehicle (EV) charging networks. Its offerings include distribution transformers, Power transformers, Dry-type transformers, Package substations, Special-purpose transformers, Low-voltage (LV) control panels, Vacuum Circuit Breaker (VCB) panels, Busducts, cable trays, and associated switchgear assemblies. The segments of the company are Manufacturing Division, which derives maximum revenue; & Service Activity division.
18GF Score

Get the complete analysis for BOM:544710

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

₹58.21
Price