HB Stockholdings (NSE:HBSL) Gross Margin %: 178.01% (As of Mar. 2026) — 105% Above Median


NSE:HBSL HB Stockholdings Ltd NSE:HBSL
53 GF Score
Price ₹51.49
GF Value ₹115.15
Valuation Possible Value Trap
! 3 Warning Signs
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What is HB Stockholdings Gross Margin %?

HB Stockholdings NSE:HBSL -0.79% 53 Gross Margin % is 178.01% as of Mar. 2026, which is 105% above its 10-year median of 87.03. GuruFocus rates NSE:HBSL with a GF Score™ of 53/100 and a GF Value™ of ₹115.15 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 616 Capital Markets companies, HB Stockholdings ranks worse than 93.51% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. HB Stockholdings's Gross Profit for the three months ended in Mar. 2026 was ₹-18.22 Mil. HB Stockholdings's Revenue for the three months ended in Mar. 2026 was ₹-10.24 Mil. Therefore, HB Stockholdings's Gross Margin % for the quarter that ended in Mar. 2026 was 178.01%.


The historical rank and industry rank for HB Stockholdings's Gross Margin % or its related term are showing as below:

NSE:HBSL' s Gross Margin % Range Over the Past 10 Years
Min: -23.22   Med: 87.03   Max: 186.62
Current: -19.99


During the past 13 years, the highest Gross Margin % of HB Stockholdings was 186.62%. The lowest was -23.22%. And the median was 87.03%.

NSE:HBSL's Gross Margin % is ranked worse than
93.51% of 616 companies
in the Capital Markets industry
Industry Median: 49.87 vs NSE:HBSL: -19.99

HB Stockholdings had a gross margin of 178.01% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for HB Stockholdings was 0.00% per year.


HB Stockholdings  (NSE:HBSL) 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

HB Stockholdings had a gross margin of 178.01% 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.


HB Stockholdings Gross Margin % Related Terms


HB Stockholdings Gross Margin % Historical Data

* Premium members only.

The historical data trend for HB Stockholdings'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.

HB Stockholdings Gross Margin % Chart

HB Stockholdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 90.81 84.57 96.05 186.62 -23.22

HB Stockholdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 137.25 64.06 -193.55 42.94 178.01

NSE:HBSL vs MS, GS, SCHW: Gross Margin % Comparison

For the Capital Markets subindustry, HB Stockholdings'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.


HB Stockholdings Gross Margin % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, HB Stockholdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where HB Stockholdings's Gross Margin % falls into.


NSE:HBSL
53GF Score
HB Stockholdings Ltd NSE:HBSL
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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HB Stockholdings Gross Margin % Calculation

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

HB Stockholdings's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=-6 / 25.758
=(Revenue - Cost of Goods Sold) / Revenue
=(25.758 - 31.738) / 25.758
=-23.22 %

HB Stockholdings's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=-18.2 / -10.235
=(Revenue - Cost of Goods Sold) / Revenue
=(-10.235 - 7.984) / -10.235
=178.01 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 178.01% mean?
HB Stockholdings (NSE:HBSL) has a Gross Margin % of 178.01% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on HB Stockholdings and its competitors. This is 105% above median its historical median of 87.03. According to the industry distribution chart, HB Stockholdings ranks #576 out of 616 companies in the Capital Markets industry, placing it in the top 93.5%.
Is HB Stockholdings' Gross Margin % too high?
HB Stockholdings' current Gross Margin % of 178.01% is 105% above median its 10-year median of 87.03. The Capital Markets industry median Gross Margin % is 49.87. HB Stockholdings' value of 178.01% is 256.9% above this industry median. Based on the distribution chart, HB Stockholdings ranks #576 out of 616 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, HB Stockholdings has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does HB Stockholdings' Gross Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, HB Stockholdings ranks #576 out of 616 companies for Gross Margin %. This places HB Stockholdings in the lower half of its industry. The industry median Gross Margin % is 49.87. HB Stockholdings' value of 178.01% is 256.9% above this benchmark. While the company's 10-year median is 87.03 vs. the industry median of 49.87, HB Stockholdings 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 a Capital Markets company?
The median Gross Margin % among Capital Markets companies is 49.87, based on 616 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. HB Stockholdings's current Gross Margin % of 178.01% is 256.9% 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 HB Stockholdings and its competitors. For the Capital Markets industry, the median Gross Margin % is 49.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HB Stockholdings's current Gross Margin % is 178.01%, which is 105% above median its own 10-year median of 87.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HB Stockholdings stock overvalued right now?
Based on GuruFocus' analysis, HB Stockholdings (NSE:HBSL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹115.15, compared to a current price of ₹51.49 — trading 55.3% below its estimated fair value. The current Gross Margin % is 178.01%, which is 105% above median its 10-year median of 87.03 and 256.9% above the Capital Markets industry median of 49.87. HB Stockholdings' overall GF Score™ is 53/100 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 HB Stockholdings (NSE:HBSL), the current Gross Margin % is 178.01% 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 HB Stockholdings (NSE:HBSL) Overvalued in 2026?

Based on GuruFocus' analysis, HB Stockholdings stock appears to be undervalued. The current stock price of ₹51.49 is trading 55.3% below its estimated GF Value™ of ₹115.15. GuruFocus considers HB Stockholdings to be Possible Value Trap.

Key valuation signals for NSE:HBSL:

  • Gross Margin %: 178.01% (105% above median its 10-year median of 87.03)
  • GF Value™: ₹115.15 vs. price of ₹51.49 (55.3% below fair value)
  • GF Score™: 53/100 with 3 warning signs
  • Industry Position: 256.9% above the Capital Markets median (#576 of 616)

No single metric tells the full story. See the NSE:HBSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HB Stockholdings Business Description

Other Exchanges 532216:India
Address Plot No. 31, Echelon Institutional Area, Sector-32, Gurugram, HR, IND, 122 001
HB Stockholdings Ltd is a Non-banking financial company Non-Systemically Important Non-Deposit taking Company registered with the Reserve Bank of India. Its objective is to provide all fund and non-fund-based financial services. The company presently carries on the activities of investment in securities (Sale and Purchase of Securities), viz. Equity Shares, Preference Shares, Mutual Funds, etc. The principal business activity of the company is to undertake financial services, investing, and dealing in various kinds of securities. Details of Loans, Guarantees, and Investments. There are no separate reportable segments.
53GF Score

Get the complete analysis for NSE:HBSL

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹51.49
Price
₹115.15
GF Value