Indo Farm Equipment (NSE:INDOFARM) Gross Margin %: 39.73% (As of Mar. 2026) — Near Median


NSE:INDOFARM Indo Farm Equipment Ltd NSE:INDOFARM
36 GF Score
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What is Indo Farm Equipment Gross Margin %?

Indo Farm Equipment NSE:INDOFARM +12.11% 36 Gross Margin % is 39.73% as of Mar. 2026, which is 3% below its 10-year median of 41.07. GuruFocus rates NSE:INDOFARM with a GF Score™ of 36/100. The stock has 4 warning signs investors should review. Among 210 Farm & Heavy Construction Machinery companies, Indo Farm Equipment ranks better than 86.67% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Indo Farm Equipment's Gross Profit for the three months ended in Mar. 2026 was ₹532 Mil. Indo Farm Equipment's Revenue for the three months ended in Mar. 2026 was ₹1,340 Mil. Therefore, Indo Farm Equipment's Gross Margin % for the quarter that ended in Mar. 2026 was 39.73%.


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

NSE:INDOFARM' s Gross Margin % Range Over the Past 10 Years
Min: 37.2   Med: 41.07   Max: 42.63
Current: 41.67


During the past 6 years, the highest Gross Margin % of Indo Farm Equipment was 42.63%. The lowest was 37.20%. And the median was 41.07%.

NSE:INDOFARM's Gross Margin % is ranked better than
86.67% of 210 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 25.66 vs NSE:INDOFARM: 41.67

Indo Farm Equipment had a gross margin of 39.73% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Indo Farm Equipment was -0.30% per year.


Indo Farm Equipment  (NSE:INDOFARM) 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

Indo Farm Equipment had a gross margin of 39.73% 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.


Indo Farm Equipment Gross Margin % Related Terms


Indo Farm Equipment Gross Margin % Historical Data

* Premium members only.

The historical data trend for Indo Farm Equipment'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.

Indo Farm Equipment Gross Margin % Chart

Indo Farm Equipment Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial 41.05 37.20 39.04 41.57 41.09

Indo Farm Equipment Quarterly Data
Mar21 Mar22 Mar23 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 37.40 43.46 39.79 41.93 39.73

NSE:INDOFARM vs CAT, DE, PCAR: Gross Margin % Comparison

For the Farm & Heavy Construction Machinery subindustry, Indo Farm Equipment'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.


Indo Farm Equipment Gross Margin % vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Indo Farm Equipment's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Indo Farm Equipment's Gross Margin % falls into.


NSE:INDOFARM
36GF Score
Indo Farm Equipment Ltd NSE:INDOFARM
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Indo Farm Equipment Gross Margin % Calculation

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

Indo Farm Equipment'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 )
=1808.1 / 4400.205
=(Revenue - Cost of Goods Sold) / Revenue
=(4400.205 - 2592.129) / 4400.205
=41.09 %

Indo Farm Equipment'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 )
=532.4 / 1339.928
=(Revenue - Cost of Goods Sold) / Revenue
=(1339.928 - 807.545) / 1339.928
=39.73 %

* 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 39.73% mean?
Indo Farm Equipment (NSE:INDOFARM) has a Gross Margin % of 39.73% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Indo Farm Equipment and its competitors. This is near median its historical median of 41.07. Over the past decade, Indo Farm Equipment's Gross Margin % has ranged from 37.20 to 42.63. According to the industry distribution chart, Indo Farm Equipment ranks #28 out of 210 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 13.3%.
Is Indo Farm Equipment's Gross Margin % too high?
Indo Farm Equipment's current Gross Margin % of 39.73% is near median its 10-year median of 41.07. Over the past 10 years, this metric has ranged from a low of 37.20 to a high of 42.63. The Farm & Heavy Construction Machinery industry median Gross Margin % is 25.66. Indo Farm Equipment's value of 39.73% is 54.8% above this industry median. Based on the distribution chart, Indo Farm Equipment ranks #28 out of 210 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Indo Farm Equipment has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Indo Farm Equipment's Gross Margin % compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Indo Farm Equipment ranks #28 out of 210 companies for Gross Margin %. This places Indo Farm Equipment in the top 13% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 25.66. Indo Farm Equipment's value of 39.73% is 54.8% above this benchmark. Historically, Indo Farm Equipment's own Gross Margin % has ranged from 37.20 to 42.63 over the past decade. While the company's 10-year median is 41.07 vs. the industry median of 25.66, Indo Farm Equipment 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 Farm & Heavy Construction Machinery company?
The median Gross Margin % among Farm & Heavy Construction Machinery companies is 25.66, based on 210 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. Indo Farm Equipment's current Gross Margin % of 39.73% is 54.8% 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 Indo Farm Equipment and its competitors. For the Farm & Heavy Construction Machinery industry, the median Gross Margin % is 25.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indo Farm Equipment's current Gross Margin % is 39.73%, which is near median its own 10-year median of 41.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indo Farm Equipment stock overvalued right now?
Indo Farm Equipment (NSE:INDOFARM) has a current Gross Margin % of 39.73%. The current Gross Margin % is 39.73%, which is near median its 10-year median of 41.07 and 54.8% above the Farm & Heavy Construction Machinery industry median of 25.66. Indo Farm Equipment's overall GF Score™ is 36/100 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 Indo Farm Equipment (NSE:INDOFARM), the current Gross Margin % is 39.73% 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.

Indo Farm Equipment Business Description

Other Exchanges 544328:India
Address Export Promotion Industrial Park, Phase-II, District Solan, Baddi, HP, IND, 173 205
Indo Farm Equipment Ltd is a fully integrated established manufacturer of Tractors and Pick & Carry Cranes. It also deals in other farm equipment such as Harvester Combines, Rotavators, and other related spares & components. Its facilities are equipped with induction furnaces, pneumatic molding machines, automatic molding line, a sand plant, a fully equipped Metallurgy and Sand Testing Laboratory, a Machining Center, a Gear Shop, a Press Shop, Fabrication Shop, Paint Shop, Assembly unit, Quality Room & Utility room.
36GF Score

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