Apar IndustriesNSE:APARINDS +1.05%86 Gross Margin % is 21.06% as of Mar. 2026, which is 3% below its 10-year median of 21.67. GuruFocus rates NSE:APARINDS with a GF Score™ of 86/100 and a GF Value™ of ₹10,299.40 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,992 Industrial Products companies, Apar Industries ranks worse than 66.91% on this metric.
Apar Industries Ltd gross margin has been in long-term decline. The average rate of decline per year is -2.3%.
The historical rank and industry rank for Apar Industries's Gross Margin % or its related term are showing as below:
NSE:APARINDS'
s Gross Margin % Range Over the Past 10 Years
Min: 19.89 Med: 21.67 Max: 25.33
Current: 20.69
During the past 13 years, the highestGross Margin % of Apar Industries was 25.33%. The lowest was 19.89%. And the median was 21.67%.
NSE:APARINDS's Gross Margin % is ranked worse than 66.91% of 2992
companies
in the Industrial Products industry
Industry Median: 26.82
vs NSE:APARINDS: 20.69
Apar Industries had a gross margin of 21.06% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Apar Industries was -2.30% per year.
Apar Industries (NSE:APARINDS) 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
Apar Industries had a gross margin of 21.06% 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.
Apar Industries Gross Margin % Related Terms
Apar Industries Gross Margin % Historical Data
* Premium members only.
The historical data trend for Apar 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.
NSE:APARINDS vs VRT, BE: Gross Margin % Comparison
For the Electrical Equipment & Parts subindustry, Apar 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.
Apar Industries Gross Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Apar Industries's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Apar Industries'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.
Apar Industries (NSE:APARINDS) has a Gross Margin % of 21.06% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Apar Industries and its competitors. This is near median its historical median of 21.67. Over the past decade, Apar Industries' Gross Margin % has ranged from 19.89 to 25.33. According to the industry distribution chart, Apar Industries ranks #2002 out of 2992 companies in the Industrial Products industry, placing it in the top 66.9%.
Is Apar Industries' Gross Margin % too high?
Apar Industries' current Gross Margin % of 21.06% is near median its 10-year median of 21.67. Over the past 10 years, this metric has ranged from a low of 19.89 to a high of 25.33. The Industrial Products industry median Gross Margin % is 26.82. Apar Industries' value of 21.06% is 21.5% below this industry median. Based on the distribution chart, Apar Industries ranks #2002 out of 2992 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Apar Industries has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apar Industries' Gross Margin % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Apar Industries ranks #2002 out of 2992 companies for Gross Margin %. This places Apar Industries in the lower half of its industry. The industry median Gross Margin % is 26.82. Apar Industries' value of 21.06% is 21.5% below this benchmark. Historically, Apar Industries' own Gross Margin % has ranged from 19.89 to 25.33 over the past decade. While the company's 10-year median is 21.67 vs. the industry median of 26.82, Apar Industries 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 26.82, based on 2,992 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. Apar Industries's current Gross Margin % of 21.06% is 21.5% 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 Apar Industries and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apar Industries's current Gross Margin % is 21.06%, which is near median its own 10-year median of 21.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apar Industries stock overvalued right now?
Based on GuruFocus' analysis, Apar Industries (NSE:APARINDS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹10,299.40, compared to a current price of ₹14,323.00 — trading 39.1% above its estimated fair value. The current Gross Margin % is 21.06%, which is near median its 10-year median of 21.67 and 21.5% below the Industrial Products industry median of 26.82. Apar Industries' overall GF Score™ is 86/100 with 1 warning sign 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 Apar Industries (NSE:APARINDS), the current Gross Margin % is 21.06% 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 Apar Industries (NSE:APARINDS) Overvalued in 2026?
Based on GuruFocus' analysis, Apar Industries stock appears to be overvalued.
The current stock price of ₹14,323.00 is trading 39.1% above its estimated GF Value™ of ₹10,299.40.
GuruFocus considers Apar Industries to be Significantly Overvalued.
Key valuation signals for NSE:APARINDS:
Gross Margin %: 21.06% (near median its 10-year median of 21.67)
GF Value™: ₹10,299.40 vs. price of ₹14,323.00 (39.1% above fair value)
Industry Position: 21.5% below the Industrial Products median (#2002 of 2992)
No single metric tells the full story. See the NSE:APARINDS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apar Industries Ltd is engaged in the business of manufacture and sale of conductors. The company's reportable segments include Conductor, Transformer & Specialities Oils and Power/Telecom Cables. It generates maximum revenue from the Conductor segment. Geographically, it derives a majority of its revenue from India. Its product categories include Transformer Oils, White Oils, Petroleum Jelly, Process Oils, Electrical cables, Elastomer and E-beam cables, Light duty cables and wires, Fibre optic cables, Automotive engine oils, Automotive gear oil, Transmission fluid, PICC conductors, Railway overhead conductors, Specialty wires.
86GF Score
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