Azad EngineeringNSE:AZAD +3.62%53 Gross Margin % is 93.16% as of Mar. 2026, which is 23% above its 10-year median of 75.93. GuruFocus rates NSE:AZAD with a GF Score™ of 53/100. The stock has 9 warning signs investors should review. Among 2,993 Industrial Products companies, Azad Engineering ranks better than 99.47% on this metric.
The historical rank and industry rank for Azad Engineering's Gross Margin % or its related term are showing as below:
NSE:AZAD'
s Gross Margin % Range Over the Past 10 Years
Min: 74.77 Med: 75.93 Max: 90.36
Current: 90.36
During the past 6 years, the highestGross Margin % of Azad Engineering was 90.36%. The lowest was 74.77%. And the median was 75.93%.
NSE:AZAD's Gross Margin % is ranked better than 99.47% of 2993
companies
in the Industrial Products industry
Industry Median: 26.81
vs NSE:AZAD: 90.36
Azad Engineering had a gross margin of 93.16% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Azad Engineering was 3.90% per year.
Azad Engineering (NSE:AZAD) 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
Azad Engineering had a gross margin of 93.16% for the quarter that ended in Mar. 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.
Azad Engineering Gross Margin % Related Terms
Azad Engineering Gross Margin % Historical Data
* Premium members only.
The historical data trend for Azad Engineering'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:AZAD vs GEV, ETN, PH: Gross Margin % Comparison
For the Specialty Industrial Machinery subindustry, Azad Engineering'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.
Azad Engineering Gross Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Azad Engineering's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Azad Engineering'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.
Azad Engineering (NSE:AZAD) has a Gross Margin % of 93.16% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Azad Engineering and its competitors. This is 23% above median its historical median of 75.93. Over the past decade, Azad Engineering's Gross Margin % has ranged from 74.77 to 90.36. According to the industry distribution chart, Azad Engineering ranks #16 out of 2993 companies in the Industrial Products industry, placing it in the top 0.5%.
Is Azad Engineering's Gross Margin % too high?
Azad Engineering's current Gross Margin % of 93.16% is 23% above median its 10-year median of 75.93. Over the past 10 years, this metric has ranged from a low of 74.77 to a high of 90.36. The Industrial Products industry median Gross Margin % is 26.81. Azad Engineering's value of 93.16% is 247.5% above this industry median. Based on the distribution chart, Azad Engineering ranks #16 out of 2993 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Azad Engineering has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Azad Engineering's Gross Margin % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Azad Engineering ranks #16 out of 2993 companies for Gross Margin %. This places Azad Engineering in the top 1% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.81. Azad Engineering's value of 93.16% is 247.5% above this benchmark. Historically, Azad Engineering's own Gross Margin % has ranged from 74.77 to 90.36 over the past decade. While the company's 10-year median is 75.93 vs. the industry median of 26.81, Azad Engineering 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 an Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.81, based on 2,993 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. Azad Engineering's current Gross Margin % of 93.16% is 247.5% 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 Azad Engineering and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azad Engineering's current Gross Margin % is 93.16%, which is 23% above median its own 10-year median of 75.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azad Engineering stock overvalued right now?
Azad Engineering (NSE:AZAD) has a current Gross Margin % of 93.16%. The current Gross Margin % is 93.16%, which is 23% above median its 10-year median of 75.93 and 247.5% above the Industrial Products industry median of 26.81. Azad Engineering's overall GF Score™ is 53/100 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 Azad Engineering (NSE:AZAD), the current Gross Margin % is 93.16% 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.
Azad Engineering Ltd is an Original Equipment Manufacturer (OEM) and national defence agencies across power generation, aerospace, defence, and oil & gas. It delivers complex, high-precision components with uncompromising reliability and has earned the trust of industry leaders, including GE Vernova, Mitsubishi Heavy Industries, Rolls-Royce, Honeywell Aerospace, Siemens Energy, Eaton, Baker Hughes, and others. The company's products include 3D rotating airfoil portions of turbine engines and other key products for combustion, hydraulics, flight-controls, propulsion, and actuation which power defence and civil aircrafts, spaceships, defence missiles, nuclear power, hydrogen, gas power, oil, and thermal power. Geographically, the group generates a majority of its revenue from outside India.
53GF Score
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