Dangote Sugar Refinery (NSA:DSRP) Gross Margin %: 14.79% (As of Dec. 2025) — 30% Below Median


NSA:DSRP Dangote Sugar Refinery PLC NSA:DSRP
70 GF Score
Price ₦68.00
GF Value ₦78.80
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Dangote Sugar Refinery Gross Margin %?

Dangote Sugar Refinery NSA:DSRP -2.86% 70 Gross Margin % is 14.79% as of Dec. 2025, which is 30% below its 10-year median of 21.18. GuruFocus rates NSA:DSRP with a GF Score™ of 70/100 and a GF Value™ of ₦78.80 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 1,901 Consumer Packaged Goods companies, Dangote Sugar Refinery ranks worse than 76.49% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Dangote Sugar Refinery's Gross Profit for the six months ended in Dec. 2025 was ₦122,629 Mil. Dangote Sugar Refinery's Revenue for the six months ended in Dec. 2025 was ₦829,215 Mil. Therefore, Dangote Sugar Refinery's Gross Margin % for the quarter that ended in Dec. 2025 was 14.79%.

Warning Sign:

Dangote Sugar Refinery PLC gross margin has been in long-term decline. The average rate of decline per year is -18.6%.


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

NSA:DSRP' s Gross Margin % Range Over the Past 10 Years
Min: 4.67   Med: 21.18   Max: 26.7
Current: 14.79


During the past 13 years, the highest Gross Margin % of Dangote Sugar Refinery was 26.70%. The lowest was 4.67%. And the median was 21.18%.

NSA:DSRP's Gross Margin % is ranked worse than
76.49% of 1901 companies
in the Consumer Packaged Goods industry
Industry Median: 26.37 vs NSA:DSRP: 14.79

Dangote Sugar Refinery had a gross margin of 14.79% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Dangote Sugar Refinery was -18.60% per year.


Dangote Sugar Refinery  (NSA:DSRP) 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

Dangote Sugar Refinery had a gross margin of 14.79% for the quarter that ended in Dec. 2025 => 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.


Dangote Sugar Refinery Gross Margin % Related Terms


Dangote Sugar Refinery Gross Margin % Historical Data

* Premium members only.

The historical data trend for Dangote Sugar Refinery'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.

Dangote Sugar Refinery Gross Margin % Chart

Dangote Sugar Refinery Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.19 22.81 19.55 4.67 14.79

Dangote Sugar Refinery Semi-Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
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 18.19 22.81 19.55 4.67 14.79

NSA:DSRP vs MDLZ, HSY, TR: Gross Margin % Comparison

For the Confectioners subindustry, Dangote Sugar Refinery'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.


Dangote Sugar Refinery Gross Margin % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dangote Sugar Refinery's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Dangote Sugar Refinery's Gross Margin % falls into.


NSA:DSRP
70GF Score
Dangote Sugar Refinery PLC NSA:DSRP
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dangote Sugar Refinery Gross Margin % Calculation

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

Dangote Sugar Refinery's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=122628.8 / 829214.876
=(Revenue - Cost of Goods Sold) / Revenue
=(829214.876 - 706586.072) / 829214.876
=14.79 %

Dangote Sugar Refinery's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=122628.8 / 829214.876
=(Revenue - Cost of Goods Sold) / Revenue
=(829214.876 - 706586.072) / 829214.876
=14.79 %

* 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 14.79% mean?
Dangote Sugar Refinery (NSA:DSRP) has a Gross Margin % of 14.79% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Dangote Sugar Refinery and its competitors. This is 30% below median its historical median of 21.18. Over the past decade, Dangote Sugar Refinery's Gross Margin % has ranged from 4.67 to 26.70. According to the industry distribution chart, Dangote Sugar Refinery ranks #1454 out of 1901 companies in the Consumer Packaged Goods industry, placing it in the top 76.5%.
Is Dangote Sugar Refinery's Gross Margin % too high?
Dangote Sugar Refinery's current Gross Margin % of 14.79% is 30% below median its 10-year median of 21.18. Over the past 10 years, this metric has ranged from a low of 4.67 to a high of 26.70. The Consumer Packaged Goods industry median Gross Margin % is 26.37. Dangote Sugar Refinery's value of 14.79% is 43.9% below this industry median. Based on the distribution chart, Dangote Sugar Refinery ranks #1454 out of 1901 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Dangote Sugar Refinery has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dangote Sugar Refinery's Gross Margin % compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Dangote Sugar Refinery ranks #1454 out of 1901 companies for Gross Margin %. This places Dangote Sugar Refinery in the lower half of its industry. The industry median Gross Margin % is 26.37. Dangote Sugar Refinery's value of 14.79% is 43.9% below this benchmark. Historically, Dangote Sugar Refinery's own Gross Margin % has ranged from 4.67 to 26.70 over the past decade. While the company's 10-year median is 21.18 vs. the industry median of 26.37, Dangote Sugar Refinery 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 Consumer Packaged Goods company?
The median Gross Margin % among Consumer Packaged Goods companies is 26.37, based on 1,901 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. Dangote Sugar Refinery's current Gross Margin % of 14.79% is 43.9% 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 Dangote Sugar Refinery and its competitors. For the Consumer Packaged Goods industry, the median Gross Margin % is 26.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dangote Sugar Refinery's current Gross Margin % is 14.79%, which is 30% below median its own 10-year median of 21.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dangote Sugar Refinery stock overvalued right now?
Based on GuruFocus' analysis, Dangote Sugar Refinery (NSA:DSRP) is currently considered Modestly Undervalued. The stock's GF Value™ is ₦78.80, compared to a current price of ₦68.00 — trading 13.7% below its estimated fair value. The current Gross Margin % is 14.79%, which is 30% below median its 10-year median of 21.18 and 43.9% below the Consumer Packaged Goods industry median of 26.37. Dangote Sugar Refinery's overall GF Score™ is 70/100 with 9 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 Dangote Sugar Refinery (NSA:DSRP), the current Gross Margin % is 14.79% as of Dec. 2025. 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 Dangote Sugar Refinery (NSA:DSRP) Overvalued in 2026?

Based on GuruFocus' analysis, Dangote Sugar Refinery stock appears to be undervalued. The current stock price of ₦68.00 is trading 13.7% below its estimated GF Value™ of ₦78.80. GuruFocus considers Dangote Sugar Refinery to be Modestly Undervalued.

Key valuation signals for NSA:DSRP:

  • Gross Margin %: 14.79% (30% below median its 10-year median of 21.18)
  • GF Value™: ₦78.80 vs. price of ₦68.00 (13.7% below fair value)
  • GF Score™: 70/100 with 9 warning signs
  • Industry Position: 43.9% below the Consumer Packaged Goods median (#1454 of 1901)

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


Dangote Sugar Refinery Business Description

Address Terminal E, Shed 20, 3rd Floor, GDNL Building, NPA Wharf Port Complex, Apapa, Lagos, NGA
Dangote Sugar Refinery PLC is engaged in refining raw sugar to produce fortified and non-fortified granulated white sugar. The company distributes refined white sugar to consumers and industrial customers in Nigeria. The company is also engaged in the cultivation and milling of sugar cane to finished sugar. Its geographical segments include Northern Nigeria, Western Nigeria, Eastern Nigeria, and Lagos. The company derives a majority of its revenue from the Lagos region.
70GF Score

Get the complete analysis for NSA:DSRP

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

₦68.00
Price
₦78.80
GF Value