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Armour Security (India)NSE:ARMOUR +3.60%17 Gross Margin % is 31.49% as of Sep. 2025, which is 36% above its 10-year median of 23.13. GuruFocus rates NSE:ARMOUR with a GF Score™ of 17/100. The stock has 2 warning signs investors should review. Among 1,006 Business Services companies, Armour Security (India) ranks worse than 55.07% on this metric.
NSE:ARMOUR's Gross Margin % is ranked worse than 55.07% of 1006
companies
in the Business Services industry
Industry Median: 34.575
vs NSE:ARMOUR: 31.49
Armour Security (India) had a gross margin of 31.49% for the quarter that ended in Sep. 2025 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Armour Security (India) was 0.00% per year.
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
Armour Security (India) had a gross margin of 31.49% for the quarter that ended in Sep. 2025 => 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.
Armour Security (India) Gross Margin % Related Terms
Armour Security (India) 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.
Armour Security (India) Gross Margin % Chart
Armour Security (India) Annual Data
Trend
Mar23
Mar24
Mar25
Gross Margin %
20.58
23.13
29.57
Armour Security (India) Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Gross Margin %
0.00
0.00
0.00
31.49
NSE:ARMOUR vs ALLE, MSA, ADT: Gross Margin % Comparison
For the Security & Protection Services subindustry, Armour Security (India)'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.
Armour Security (India) Gross Margin % vs Business Services Industry
For the Business Services industry and Industrials sector, Armour Security (India)'s Gross Margin % distribution charts can be found below:
* The bar in red indicates where Armour Security (India)'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.
Armour Security (India) (NSE:ARMOUR) has a Gross Margin % of 31.49% as of Sep. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Armour Security (India) and its competitors. This is 36% above median its historical median of 23.13. Over the past decade, Armour Security (India)'s Gross Margin % has ranged from 20.58 to 31.49. According to the industry distribution chart, Armour Security (India) ranks #554 out of 1006 companies in the Business Services industry, placing it in the top 55.1%.
Is Armour Security (India)'s Gross Margin % too high?
Armour Security (India)'s current Gross Margin % of 31.49% is 36% above median its 10-year median of 23.13. Over the past 10 years, this metric has ranged from a low of 20.58 to a high of 31.49. The Business Services industry median Gross Margin % is 34.58. Armour Security (India)'s value of 31.49% is 8.9% below this industry median. Based on the distribution chart, Armour Security (India) ranks #554 out of 1006 companies in the Business Services industry, which is below the industry midpoint. Overall, Armour Security (India) has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Armour Security (India)'s Gross Margin % compare to ALLE and MSA?
According to the Business Services industry distribution chart, Armour Security (India) ranks #554 out of 1006 companies for Gross Margin %. This places Armour Security (India) in the lower half of its industry. The industry median Gross Margin % is 34.58. Armour Security (India)'s value of 31.49% is 8.9% below this benchmark. Historically, Armour Security (India)'s own Gross Margin % has ranged from 20.58 to 31.49 over the past decade. While the company's 10-year median is 23.13 vs. the industry median of 34.58, Armour Security (India) 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 Business Services company?
The median Gross Margin % among Business Services companies is 34.58, based on 1,006 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. Armour Security (India)'s current Gross Margin % of 31.49% is 8.9% 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 Armour Security (India) and its competitors. For the Business Services industry, the median Gross Margin % is 34.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Armour Security (India)'s current Gross Margin % is 31.49%, which is 36% above median its own 10-year median of 23.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Armour Security (India) stock overvalued right now?
Armour Security (India) (NSE:ARMOUR) has a current Gross Margin % of 31.49%. The current Gross Margin % is 31.49%, which is 36% above median its 10-year median of 23.13 and 8.9% below the Business Services industry median of 34.58. Armour Security (India)'s overall GF Score™ is 17/100 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 Armour Security (India) (NSE:ARMOUR), the current Gross Margin % is 31.49% as of Sep. 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.
Armour Security (India) Ltd is engaged in providing comprehensive and customised Security services, Facility Management services, and Recruitment and Staffing solutions across India. It also specializes in providing ancillary services like event support and branding content creation. The company's consultancy services include Transition and Deputation Process Service, Mechanical Clean Service, House Keeping Service, Fire Fighting Service, Supervision Service and Reviews of the Service. Additionally, it offers consulting and advisory services and provides self-service technologies. The company derives the majority of revenue from the provision of Security and other Manpower Services.
17GF Score
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