Electro Force (India) (NSE:EFORCE) Gross Margin % : 19.40% (As of Mar. 2024)

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What is Electro Force (India) Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Electro Force (India)'s Gross Profit for the six months ended in Mar. 2024 was ₹25.9 Mil. Electro Force (India)'s Revenue for the six months ended in Mar. 2024 was ₹133.3 Mil. Therefore, Electro Force (India)'s Gross Margin % for the quarter that ended in Mar. 2024 was 19.40%.

The historical rank and industry rank for Electro Force (India)'s Gross Margin % or its related term are showing as below:

NSE:EFORCE' s Gross Margin % Range Over the Past 10 Years
Min: 0.46 Med: 38.39 Max: 48.44
Current: 38.82

During the past 4 years, the highest Gross Margin % of Electro Force (India) was 48.44%. The lowest was 0.46%. And the median was 38.39%.

NSE:EFORCE's Gross Margin % is ranked better than
77.92% of 2935 companies
in the Industrial Products industry
Industry Median: 26.72 vs NSE:EFORCE: 38.82

Electro Force (India) had a gross margin of 19.40% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Electro Force (India) was 0.00% per year.

Electro Force (India) Gross Margin % Historical Data

The historical data trend for Electro Force (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.

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Electro Force (India) Gross Margin % Chart

Electro Force (India) Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Gross Margin %

0.46

37.96

48.44

38.82

Electro Force (India) Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
Gross Margin %	-	-	-	50.02	19.40

Competitive Comparison of Electro Force (India)'s Gross Margin %

For the Electrical Equipment & Parts subindustry, Electro Force (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.

Electro Force (India)'s Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Electro Force (India)'s Gross Margin % distribution charts can be found below:

* The bar in red indicates where Electro Force (India)'s Gross Margin % falls into.

Electro Force (India) Gross Margin % Calculation

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

Electro Force (India)'s Gross Margin for the fiscal year that ended in Mar. 2024 is calculated as

Gross Margin % (A: Mar. 2024 )	=	Gross Profit (A: Mar. 2024 )	/	Revenue (A: Mar. 2024 )
	=	141.4	/	364.368
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(364.368 - 222.932)	/	364.368
	=	38.82 %

Electro Force (India)'s Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	25.9	/	133.325
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(133.325 - 107.458)	/	133.325
	=	19.40 %

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.

Electro Force (India) (NSE:EFORCE) 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

Electro Force (India) had a gross margin of 19.40% for the quarter that ended in Mar. 2024 => 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.

Electro Force (India) Gross Margin % Related Terms

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Electro Force (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Electro Force (India) Ltd (NSE:EFORCE) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

39/5, Mauje Waliv Vasai (East), Taluka - Vasai East, District - Palghar, Thane, MH, IND, 401 208

Website

https://www.electroforceindia.com

Electro Force (India) Ltd is engaged in the design and manufacturing of precision sheet metal components, plastic injection moldings, and related assemblies. It includes product designing, prototyping, and process development for precision sheet metal components & plastic products & assemblies for the electrical & switchgear industry.

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