Indian Emulsifiers (NSE:IEML) Gross Margin %: 21.03% (As of Mar. 2026) — 11% Below Median


NSE:IEML Indian Emulsifiers Ltd NSE:IEML
28 GF Score
Price ₹44.35
! 6 Warning Signs
View Full Analysis

What is Indian Emulsifiers Gross Margin %?

Indian Emulsifiers NSE:IEML +3.14% 28 Gross Margin % is 21.03% as of Mar. 2026, which is 11% below its 10-year median of 23.52. GuruFocus rates NSE:IEML with a GF Score™ of 28/100. The stock has 6 warning signs investors should review. Among 1,555 Chemicals companies, Indian Emulsifiers ranks better than 50.1% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Indian Emulsifiers's Gross Profit for the six months ended in Mar. 2026 was ₹174 Mil. Indian Emulsifiers's Revenue for the six months ended in Mar. 2026 was ₹829 Mil. Therefore, Indian Emulsifiers's Gross Margin % for the quarter that ended in Mar. 2026 was 21.03%.


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

NSE:IEML' s Gross Margin % Range Over the Past 10 Years
Min: 13.29   Med: 23.52   Max: 29
Current: 23.52


During the past 6 years, the highest Gross Margin % of Indian Emulsifiers was 29.00%. The lowest was 13.29%. And the median was 23.52%.

NSE:IEML's Gross Margin % is ranked better than
50.1% of 1555 companies
in the Chemicals industry
Industry Median: 23.44 vs NSE:IEML: 23.52

Indian Emulsifiers had a gross margin of 21.03% for the quarter that ended in Mar. 2026 => Competition eroding margins

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


Indian Emulsifiers  (NSE:IEML) 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

Indian Emulsifiers had a gross margin of 21.03% 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.


Indian Emulsifiers Gross Margin % Related Terms


Indian Emulsifiers Gross Margin % Historical Data

* Premium members only.

The historical data trend for Indian Emulsifiers'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.

Indian Emulsifiers Gross Margin % Chart

Indian Emulsifiers Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial 13.29 21.33 24.40 29.00 23.52

Indian Emulsifiers Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only 25.67 33.83 24.00 26.21 21.03

NSE:IEML vs LIN, SHW, ECL: Gross Margin % Comparison

For the Specialty Chemicals subindustry, Indian Emulsifiers'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.


Indian Emulsifiers Gross Margin % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Indian Emulsifiers's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Indian Emulsifiers's Gross Margin % falls into.


NSE:IEML
28GF Score
Indian Emulsifiers Ltd NSE:IEML
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indian Emulsifiers Gross Margin % Calculation

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

Indian Emulsifiers'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 )
=376 / 1598.69
=(Revenue - Cost of Goods Sold) / Revenue
=(1598.69 - 1222.645) / 1598.69
=23.52 %

Indian Emulsifiers'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 )
=174.3 / 828.886
=(Revenue - Cost of Goods Sold) / Revenue
=(828.886 - 654.612) / 828.886
=21.03 %

* 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 21.03% mean?
Indian Emulsifiers (NSE:IEML) has a Gross Margin % of 21.03% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Indian Emulsifiers and its competitors. This is 11% below median its historical median of 23.52. Over the past decade, Indian Emulsifiers' Gross Margin % has ranged from 13.29 to 29.00. According to the industry distribution chart, Indian Emulsifiers ranks #776 out of 1555 companies in the Chemicals industry, placing it in the top 49.9%.
Is Indian Emulsifiers' Gross Margin % too high?
Indian Emulsifiers' current Gross Margin % of 21.03% is 11% below median its 10-year median of 23.52. Over the past 10 years, this metric has ranged from a low of 13.29 to a high of 29.00. The Chemicals industry median Gross Margin % is 23.44. Indian Emulsifiers' value of 21.03% is 10.3% below this industry median. Based on the distribution chart, Indian Emulsifiers ranks #776 out of 1555 companies in the Chemicals industry, which is above the industry midpoint. Overall, Indian Emulsifiers has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Indian Emulsifiers' Gross Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Indian Emulsifiers ranks #776 out of 1555 companies for Gross Margin %. This puts Indian Emulsifiers in the upper half of its industry. The industry median Gross Margin % is 23.44. Indian Emulsifiers' value of 21.03% is 10.3% below this benchmark. Historically, Indian Emulsifiers' own Gross Margin % has ranged from 13.29 to 29.00 over the past decade. While the company's 10-year median is 23.52 vs. the industry median of 23.44, Indian Emulsifiers 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 Chemicals company?
The median Gross Margin % among Chemicals companies is 23.44, based on 1,555 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. Indian Emulsifiers's current Gross Margin % of 21.03% is 10.3% 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 Indian Emulsifiers and its competitors. For the Chemicals industry, the median Gross Margin % is 23.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Emulsifiers's current Gross Margin % is 21.03%, which is 11% below median its own 10-year median of 23.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Emulsifiers stock overvalued right now?
Indian Emulsifiers (NSE:IEML) has a current Gross Margin % of 21.03%. The current Gross Margin % is 21.03%, which is 11% below median its 10-year median of 23.52 and 10.3% below the Chemicals industry median of 23.44. Indian Emulsifiers' overall GF Score™ is 28/100 with 6 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 Indian Emulsifiers (NSE:IEML), the current Gross Margin % is 21.03% 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.

Indian Emulsifiers Business Description

Address Shivram Seth Amrutwar Road, Off Pandurang Budhwar Marg, Shop 206, Foor-2, Sumer Kendra, Near Doordarshan Kendra, Worli, Mumbai, MH, IND, 400018
Indian Emulsifiers Ltd is engaged in Manufacturing and Supplying of Specialty Chemicals. Its product include Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, SMO & PIBSA Emulsifiers. The company serves specialty chemicals to wide range of industries such as Mining, Textile, Cleaning Industry, Metal Working, Lubricants, Food and Other Industries.
28GF Score

Get the complete analysis for NSE:IEML

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

₹44.35
Price