EPW IndiaNSE:EPWINDIA +4.98%18 Gross Margin % is 20.40% as of Mar. 2026, which is 37% above its 10-year median of 14.91. GuruFocus rates NSE:EPWINDIA with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 2,453 Hardware companies, EPW India ranks worse than 60.62% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. EPW India's Gross Profit for the
six
months ended in Mar. 2026 was ₹129 Mil. EPW India's Revenue for the
six
months ended in Mar. 2026 was ₹634 Mil. Therefore, EPW India's Gross Margin % for the quarter that ended in Mar. 2026 was 20.40%.
The historical rank and industry rank for EPW India's Gross Margin % or its related term are showing as below:
NSE:EPWINDIA'
s Gross Margin % Range Over the Past 10 Years
Min: 9.89 Med: 14.91 Max: 20.07
Current: 20.06
During the past 4 years, the highestGross Margin % of EPW India was 20.07%. The lowest was 9.89%. And the median was 14.91%.
NSE:EPWINDIA's Gross Margin % is ranked worse than 60.62% of 2453
companies
in the Hardware industry
Industry Median: 24.52
vs NSE:EPWINDIA: 20.06
EPW India had a gross margin of 20.40% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for EPW India was 0.00% per year.
EPW India (NSE:EPWINDIA) 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
EPW India had a gross margin of 20.40% 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.
EPW India Gross Margin % Related Terms
EPW India Gross Margin % Historical Data
* Premium members only.
The historical data trend for EPW 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.
EPW India Gross Margin % Chart
EPW India Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Gross Margin %
11.01
9.89
18.80
20.07
EPW India Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Mar26
Gross Margin %
0.00
0.00
18.93
19.58
20.40
NSE:EPWINDIA vs SNX, ARW, AVT: Gross Margin % Comparison
For the Electronics & Computer Distribution subindustry, EPW 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.
EPW India Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, EPW India's Gross Margin % distribution charts can be found below:
* The bar in red indicates where EPW 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.
EPW India (NSE:EPWINDIA) has a Gross Margin % of 20.40% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on EPW India and its competitors. This is 37% above median its historical median of 14.91. Over the past decade, EPW India's Gross Margin % has ranged from 9.89 to 20.07. According to the industry distribution chart, EPW India ranks #1487 out of 2453 companies in the Hardware industry, placing it in the top 60.6%.
Is EPW India's Gross Margin % too high?
EPW India's current Gross Margin % of 20.40% is 37% above median its 10-year median of 14.91. Over the past 10 years, this metric has ranged from a low of 9.89 to a high of 20.07. The Hardware industry median Gross Margin % is 24.52. EPW India's value of 20.40% is 16.8% below this industry median. Based on the distribution chart, EPW India ranks #1487 out of 2453 companies in the Hardware industry, which is below the industry midpoint. Overall, EPW India has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does EPW India's Gross Margin % compare to SNX and ARW?
According to the Hardware industry distribution chart, EPW India ranks #1487 out of 2453 companies for Gross Margin %. This places EPW India in the lower half of its industry. The industry median Gross Margin % is 24.52. EPW India's value of 20.40% is 16.8% below this benchmark. Historically, EPW India's own Gross Margin % has ranged from 9.89 to 20.07 over the past decade. While the company's 10-year median is 14.91 vs. the industry median of 24.52, EPW 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 Hardware company?
The median Gross Margin % among Hardware companies is 24.52, based on 2,453 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. EPW India's current Gross Margin % of 20.40% is 16.8% 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 EPW India and its competitors. For the Hardware industry, the median Gross Margin % is 24.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EPW India's current Gross Margin % is 20.40%, which is 37% above median its own 10-year median of 14.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EPW India stock overvalued right now?
EPW India (NSE:EPWINDIA) has a current Gross Margin % of 20.40%. The current Gross Margin % is 20.40%, which is 37% above median its 10-year median of 14.91 and 16.8% below the Hardware industry median of 24.52. EPW India's overall GF Score™ is 18/100 with 4 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 EPW India (NSE:EPWINDIA), the current Gross Margin % is 20.40% 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.
EPW India Ltd is an IT electronics refurbishing business that supplies refurbished electronic products through both direct-to-consumer and business-to-business channels. Its operations cover the end-to-end reverse supply chain for IT assets, including the procurement of used devices, refurbishment to resale condition, and distribution to end users. The product portfolio includes laptops, desktops, Chromebooks, monitors, and related accessories, which are sold through company-operated retail outlets and an online platform. The company generates revenue from sales of refurbished laptops, desktops, monitors, accessories and new IT products (laptops, desktops, etc.).
18GF Score
Get the complete analysis for NSE:EPWINDIA
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:EPWINDIA has been successfully added to your 