INOX Green Energy Services (NSE:INOXGREEN) Gross Margin %: 36.49% (As of Mar. 2026) — 34% Below Median


NSE:INOXGREEN INOX Green Energy Services Ltd NSE:INOXGREEN
76 GF Score
Price ₹192.70
GF Value ₹173.55
Valuation Modestly Overvalued
! 5 Warning Signs
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What is INOX Green Energy Services Gross Margin %?

INOX Green Energy Services NSE:INOXGREEN -4.28% 76 Gross Margin % is 36.49% as of Mar. 2026, which is 34% below its 10-year median of 55.15. GuruFocus rates NSE:INOXGREEN with a GF Score™ of 76/100 and a GF Value™ of ₹173.55 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 403 Utilities - Independent Power Producers companies, INOX Green Energy Services ranks better than 65.01% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. INOX Green Energy Services's Gross Profit for the three months ended in Mar. 2026 was ₹251 Mil. INOX Green Energy Services's Revenue for the three months ended in Mar. 2026 was ₹687 Mil. Therefore, INOX Green Energy Services's Gross Margin % for the quarter that ended in Mar. 2026 was 36.49%.

Warning Sign:

INOX Green Energy Services Ltd gross margin has been in long-term decline. The average rate of decline per year is -5.5%.


The historical rank and industry rank for INOX Green Energy Services's Gross Margin % or its related term are showing as below:

NSE:INOXGREEN' s Gross Margin % Range Over the Past 10 Years
Min: 25.31   Med: 55.15   Max: 68.71
Current: 44.33


During the past 7 years, the highest Gross Margin % of INOX Green Energy Services was 68.71%. The lowest was 25.31%. And the median was 55.15%.

NSE:INOXGREEN's Gross Margin % is ranked better than
65.01% of 403 companies
in the Utilities - Independent Power Producers industry
Industry Median: 31.35 vs NSE:INOXGREEN: 44.33

INOX Green Energy Services had a gross margin of 36.49% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for INOX Green Energy Services was -5.50% per year.


INOX Green Energy Services  (NSE:INOXGREEN) 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

INOX Green Energy Services had a gross margin of 36.49% 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.


INOX Green Energy Services Gross Margin % Related Terms


INOX Green Energy Services Gross Margin % Historical Data

* Premium members only.

The historical data trend for INOX Green Energy Services'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.

INOX Green Energy Services Gross Margin % Chart

INOX Green Energy Services Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial 60.23 25.31 53.34 55.15 42.05

INOX Green Energy Services Quarterly Data
Mar20 Mar21 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 39.68 49.95 38.03 53.67 36.49

INOX Green Energy Services Gross Margin % Competitor Comparison

For the Utilities - Renewable subindustry, INOX Green Energy Services'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.


INOX Green Energy Services Gross Margin % vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, INOX Green Energy Services's Gross Margin % distribution charts can be found below:

* The bar in red indicates where INOX Green Energy Services's Gross Margin % falls into.


NSE:INOXGREEN
76GF Score
INOX Green Energy Services Ltd NSE:INOXGREEN
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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INOX Green Energy Services Gross Margin % Calculation

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

INOX Green Energy Services'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 )
=1181.7 / 2810.1
=(Revenue - Cost of Goods Sold) / Revenue
=(2810.1 - 1628.4) / 2810.1
=42.05 %

INOX Green Energy Services'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 )
=250.6 / 686.7
=(Revenue - Cost of Goods Sold) / Revenue
=(686.7 - 436.1) / 686.7
=36.49 %

* 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 36.49% mean?
INOX Green Energy Services (NSE:INOXGREEN) has a Gross Margin % of 36.49% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on INOX Green Energy Services and its competitors. This is 34% below median its historical median of 55.15. Over the past decade, INOX Green Energy Services' Gross Margin % has ranged from 25.31 to 68.71. According to the industry distribution chart, INOX Green Energy Services ranks #141 out of 403 companies in the Utilities - Independent Power Producers industry, placing it in the top 35%.
Is INOX Green Energy Services' Gross Margin % too high?
INOX Green Energy Services' current Gross Margin % of 36.49% is 34% below median its 10-year median of 55.15. Over the past 10 years, this metric has ranged from a low of 25.31 to a high of 68.71. The Utilities - Independent Power Producers industry median Gross Margin % is 31.35. INOX Green Energy Services' value of 36.49% is 16.4% above this industry median. Based on the distribution chart, INOX Green Energy Services ranks #141 out of 403 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, INOX Green Energy Services has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does INOX Green Energy Services' Gross Margin % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, INOX Green Energy Services ranks #141 out of 403 companies for Gross Margin %. This puts INOX Green Energy Services in the upper half of its industry. The industry median Gross Margin % is 31.35. INOX Green Energy Services' value of 36.49% is 16.4% above this benchmark. Historically, INOX Green Energy Services' own Gross Margin % has ranged from 25.31 to 68.71 over the past decade. While the company's 10-year median is 55.15 vs. the industry median of 31.35, INOX Green Energy Services 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 an Utilities - Independent Power Producers company?
The median Gross Margin % among Utilities - Independent Power Producers companies is 31.35, based on 403 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. INOX Green Energy Services's current Gross Margin % of 36.49% is 16.4% 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 INOX Green Energy Services and its competitors. For the Utilities - Independent Power Producers industry, the median Gross Margin % is 31.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. INOX Green Energy Services's current Gross Margin % is 36.49%, which is 34% below median its own 10-year median of 55.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is INOX Green Energy Services stock overvalued right now?
Based on GuruFocus' analysis, INOX Green Energy Services (NSE:INOXGREEN) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹173.55, compared to a current price of ₹192.70 — trading 11% above its estimated fair value. The current Gross Margin % is 36.49%, which is 34% below median its 10-year median of 55.15 and 16.4% above the Utilities - Independent Power Producers industry median of 31.35. INOX Green Energy Services' overall GF Score™ is 76/100 with 5 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 INOX Green Energy Services (NSE:INOXGREEN), the current Gross Margin % is 36.49% 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 INOX Green Energy Services (NSE:INOXGREEN) Overvalued in 2026?

Based on GuruFocus' analysis, INOX Green Energy Services stock appears to be overvalued. The current stock price of ₹192.70 is trading 11% above its estimated GF Value™ of ₹173.55. GuruFocus considers INOX Green Energy Services to be Modestly Overvalued.

Key valuation signals for NSE:INOXGREEN:

  • Gross Margin %: 36.49% (34% below median its 10-year median of 55.15)
  • GF Value™: ₹173.55 vs. price of ₹192.70 (11% above fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 16.4% above the Utilities - Independent Power Producers median (#141 of 403)

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


INOX Green Energy Services Business Description

Other Exchanges 543667:India
Address INOXGFL Towers, Plot No. 17, Sector-16A, Noida, UP, IND, 201 301
INOX Green Energy Services Ltd is a wind power operation and maintenance (O&M) service provider within India. It is engaged in the business of providing long-term O&M services for wind projects, specifically the provision of O&M services for wind turbine generators and common infrastructure facilities. The company generates almost all of its revenue from the sale of services.
76GF Score

Get the complete analysis for NSE:INOXGREEN

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

₹192.70
Price
₹173.55
GF Value