De Nora IndiaNSE:DENORA +1.64%73 Gross Margin % is 29.16% as of Mar. 2026, which is 49% below its 10-year median of 56.99. GuruFocus rates NSE:DENORA with a GF Score™ of 73/100 and a GF Value™ of ₹2,142.94 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,993 Industrial Products companies, De Nora India ranks better than 83.16% on this metric.
The historical rank and industry rank for De Nora India's Gross Margin % or its related term are showing as below:
NSE:DENORA'
s Gross Margin % Range Over the Past 10 Years
Min: 43.71 Med: 56.99 Max: 69.39
Current: 43.71
During the past 13 years, the highestGross Margin % of De Nora India was 69.39%. The lowest was 43.71%. And the median was 56.99%.
NSE:DENORA's Gross Margin % is ranked better than 83.16% of 2993
companies
in the Industrial Products industry
Industry Median: 26.81
vs NSE:DENORA: 43.71
De Nora India had a gross margin of 29.16% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for De Nora India was 0.60% per year.
De Nora India (NSE:DENORA) 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
De Nora India had a gross margin of 29.16% 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.
De Nora India Gross Margin % Related Terms
De Nora India Gross Margin % Historical Data
* Premium members only.
The historical data trend for De Nora India'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.
For the Electrical Equipment & Parts subindustry, De Nora 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.
De Nora India Gross Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, De Nora India's Gross Margin % distribution charts can be found below:
* The bar in red indicates where De Nora 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.
De Nora India (NSE:DENORA) has a Gross Margin % of 29.16% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on De Nora India and its competitors. This is 49% below median its historical median of 56.99. Over the past decade, De Nora India's Gross Margin % has ranged from 43.71 to 69.39. According to the industry distribution chart, De Nora India ranks #504 out of 2993 companies in the Industrial Products industry, placing it in the top 16.8%.
Is De Nora India's Gross Margin % too high?
De Nora India's current Gross Margin % of 29.16% is 49% below median its 10-year median of 56.99. Over the past 10 years, this metric has ranged from a low of 43.71 to a high of 69.39. The Industrial Products industry median Gross Margin % is 26.81. De Nora India's value of 29.16% is 8.8% above this industry median. Based on the distribution chart, De Nora India ranks #504 out of 2993 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, De Nora India has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does De Nora India's Gross Margin % compare to VRT and BE?
According to the Industrial Products industry distribution chart, De Nora India ranks #504 out of 2993 companies for Gross Margin %. This places De Nora India in the top 17% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.81. De Nora India's value of 29.16% is 8.8% above this benchmark. Historically, De Nora India's own Gross Margin % has ranged from 43.71 to 69.39 over the past decade. While the company's 10-year median is 56.99 vs. the industry median of 26.81, De Nora India 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. De Nora India's current Gross Margin % of 29.16% is 8.8% 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 De Nora India 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. De Nora India's current Gross Margin % is 29.16%, which is 49% below median its own 10-year median of 56.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is De Nora India stock overvalued right now?
Based on GuruFocus' analysis, De Nora India (NSE:DENORA) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹2,142.94, compared to a current price of ₹879.05 — trading 59% below its estimated fair value. The current Gross Margin % is 29.16%, which is 49% below median its 10-year median of 56.99 and 8.8% above the Industrial Products industry median of 26.81. De Nora India's overall GF Score™ is 73/100 with 3 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 De Nora India (NSE:DENORA), the current Gross Margin % is 29.16% 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.
Is De Nora India (NSE:DENORA) Overvalued in 2026?
Based on GuruFocus' analysis, De Nora India stock appears to be undervalued.
The current stock price of ₹879.05 is trading 59% below its estimated GF Value™ of ₹2,142.94.
GuruFocus considers De Nora India to be Significantly Undervalued.
Key valuation signals for NSE:DENORA:
Gross Margin %: 29.16% (49% below median its 10-year median of 56.99)
GF Value™: ₹2,142.94 vs. price of ₹879.05 (59% below fair value)
Industry Position: 8.8% above the Industrial Products median (#504 of 2993)
No single metric tells the full story. See the NSE:DENORA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
De Nora India Ltd is principally engaged in the manufacturing of Electrolytic Products, including anodes, cathodes, electrochlorinators, and Water Technology products. It operates as a single integrated business unit. The company generates the majority of its revenue from the Sale of services. Geographically, the company generates the majority of its revenue from India.
73GF Score
Get the complete analysis for NSE:DENORA
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:DENORA has been successfully added to your 
