Innomet Advanced Materials (NSE:INNOMET) Gross Margin % : 50.27% (As of Mar. 2024)

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What is Innomet Advanced Materials Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Innomet Advanced Materials's Gross Profit for the six months ended in Mar. 2024 was ₹68.8 Mil. Innomet Advanced Materials's Revenue for the six months ended in Mar. 2024 was ₹136.8 Mil. Therefore, Innomet Advanced Materials's Gross Margin % for the quarter that ended in Mar. 2024 was 50.27%.

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

NSE:INNOMET' s Gross Margin % Range Over the Past 10 Years
Min: 20.97 Med: 34.6 Max: 43.32
Current: 42.33

During the past 4 years, the highest Gross Margin % of Innomet Advanced Materials was 43.32%. The lowest was 20.97%. And the median was 34.60%.

NSE:INNOMET's Gross Margin % is ranked better than
74.46% of 693 companies
in the Metals & Mining industry
Industry Median: 22.24 vs NSE:INNOMET: 42.33

Innomet Advanced Materials had a gross margin of 50.27% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Innomet Advanced Materials was 0.00% per year.

Innomet Advanced Materials Gross Margin % Historical Data

The historical data trend for Innomet Advanced Materials'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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Innomet Advanced Materials Gross Margin % Chart

Innomet Advanced Materials Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Gross Margin %

26.87

20.97

43.32

42.33

Innomet Advanced Materials Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
Gross Margin %	-	-	-	35.24	50.27

Competitive Comparison of Innomet Advanced Materials's Gross Margin %

For the Other Industrial Metals & Mining subindustry, Innomet Advanced Materials'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.

Innomet Advanced Materials's Gross Margin % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Innomet Advanced Materials's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Innomet Advanced Materials's Gross Margin % falls into.

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Innomet Advanced Materials Gross Margin % Calculation

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

Innomet Advanced Materials'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 )
	=	122.7	/	289.919
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(289.919 - 167.185)	/	289.919
	=	42.33 %

Innomet Advanced Materials'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 )
	=	68.8	/	136.788
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(136.788 - 68.019)	/	136.788
	=	50.27 %

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.

Innomet Advanced Materials (NSE:INNOMET) 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

Innomet Advanced Materials had a gross margin of 50.27% for the quarter that ended in Mar. 2024 => 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.

Innomet Advanced Materials Gross Margin % Related Terms

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Innomet Advanced Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Innomet Advanced Materials Ltd (NSE:INNOMET) » Definitions » Gross Margin %

Traded in Other Exchanges

N/A

Address

B-31, BHEL Ancillary Industrial Estate, Ramachandrapuram, Medak, Hyderabad, TG, IND, 502032

Website

https://www.innomet.net

Innomet Advanced Materials Ltd is engaged in manufacturing and supplying Ferrous & Non-Ferrous Metal/Alloy Powders and Tungsten Heavy Alloy components. It has 2 divisions with brand names as under: Innomet Powders, and Innotung. Innomet Powders is a manufacturer of Metal and Alloy Powders through water, air and gas atomization processes. Innotung is the brand name for The Tungsten Heavy Alloy series manufactured through the Powder Metallurgy process by the Company. it supplies the material in the form of bars, plates, cubes, spheres and components of various sizes and shapes also in the finished machined condition as per customer drawings.

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