ISGEC Heavy Engineering (NSE:ISGEC) Gross Margin %: 35.84% (As of Mar. 2026) — 44% Above Median


NSE:ISGEC ISGEC Heavy Engineering Ltd NSE:ISGEC
82 GF Score
Price ₹927.95
GF Value ₹1,062.67
Valuation Modestly Undervalued
! 4 Warning Signs
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What is ISGEC Heavy Engineering Gross Margin %?

ISGEC Heavy Engineering NSE:ISGEC +0.36% 82 Gross Margin % is 35.84% as of Mar. 2026, which is 44% above its 10-year median of 24.89. GuruFocus rates NSE:ISGEC with a GF Score™ of 82/100 and a GF Value™ of ₹1,062.67 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,993 Industrial Products companies, ISGEC Heavy Engineering ranks better than 70.97% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. ISGEC Heavy Engineering's Gross Profit for the three months ended in Mar. 2026 was ₹7,342 Mil. ISGEC Heavy Engineering's Revenue for the three months ended in Mar. 2026 was ₹20,483 Mil. Therefore, ISGEC Heavy Engineering's Gross Margin % for the quarter that ended in Mar. 2026 was 35.84%.


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

NSE:ISGEC' s Gross Margin % Range Over the Past 10 Years
Min: 20.4   Med: 24.89   Max: 35.62
Current: 35.62


During the past 13 years, the highest Gross Margin % of ISGEC Heavy Engineering was 35.62%. The lowest was 20.40%. And the median was 24.89%.

NSE:ISGEC's Gross Margin % is ranked better than
70.97% of 2993 companies
in the Industrial Products industry
Industry Median: 26.83 vs NSE:ISGEC: 35.62

ISGEC Heavy Engineering had a gross margin of 35.84% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for ISGEC Heavy Engineering was 9.30% per year.


ISGEC Heavy Engineering  (NSE:ISGEC) 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

ISGEC Heavy Engineering had a gross margin of 35.84% 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.


ISGEC Heavy Engineering Gross Margin % Related Terms


ISGEC Heavy Engineering Gross Margin % Historical Data

* Premium members only.

The historical data trend for ISGEC Heavy Engineering'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.

ISGEC Heavy Engineering Gross Margin % Chart

ISGEC Heavy Engineering 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 26.92 22.12 23.41 31.41 35.34

ISGEC Heavy Engineering 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 31.48 35.50 34.47 36.55 35.84

NSE:ISGEC vs GEV, ETN, PH: Gross Margin % Comparison

For the Specialty Industrial Machinery subindustry, ISGEC Heavy Engineering'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.


ISGEC Heavy Engineering Gross Margin % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, ISGEC Heavy Engineering's Gross Margin % distribution charts can be found below:

* The bar in red indicates where ISGEC Heavy Engineering's Gross Margin % falls into.


NSE:ISGEC
82GF Score
ISGEC Heavy Engineering Ltd NSE:ISGEC
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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ISGEC Heavy Engineering Gross Margin % Calculation

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

ISGEC Heavy Engineering'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 )
=23996.1 / 67892.6
=(Revenue - Cost of Goods Sold) / Revenue
=(67892.6 - 43896.5) / 67892.6
=35.34 %

ISGEC Heavy Engineering'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 )
=7341.8 / 20482.8
=(Revenue - Cost of Goods Sold) / Revenue
=(20482.8 - 13141) / 20482.8
=35.84 %

* 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 35.84% mean?
ISGEC Heavy Engineering (NSE:ISGEC) has a Gross Margin % of 35.84% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on ISGEC Heavy Engineering and its competitors. This is 44% above median its historical median of 24.89. Over the past decade, ISGEC Heavy Engineering's Gross Margin % has ranged from 20.40 to 35.62. According to the industry distribution chart, ISGEC Heavy Engineering ranks #869 out of 2993 companies in the Industrial Products industry, placing it in the top 29%.
Is ISGEC Heavy Engineering's Gross Margin % too high?
ISGEC Heavy Engineering's current Gross Margin % of 35.84% is 44% above median its 10-year median of 24.89. Over the past 10 years, this metric has ranged from a low of 20.40 to a high of 35.62. The Industrial Products industry median Gross Margin % is 26.83. ISGEC Heavy Engineering's value of 35.84% is 33.6% above this industry median. Based on the distribution chart, ISGEC Heavy Engineering ranks #869 out of 2993 companies in the Industrial Products industry, which is above the industry midpoint. Overall, ISGEC Heavy Engineering has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ISGEC Heavy Engineering's Gross Margin % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, ISGEC Heavy Engineering ranks #869 out of 2993 companies for Gross Margin %. This puts ISGEC Heavy Engineering in the upper half of its industry. The industry median Gross Margin % is 26.83. ISGEC Heavy Engineering's value of 35.84% is 33.6% above this benchmark. Historically, ISGEC Heavy Engineering's own Gross Margin % has ranged from 20.40 to 35.62 over the past decade. While the company's 10-year median is 24.89 vs. the industry median of 26.83, ISGEC Heavy Engineering 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 Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.83, based on 2,993 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. ISGEC Heavy Engineering's current Gross Margin % of 35.84% is 33.6% 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 ISGEC Heavy Engineering and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ISGEC Heavy Engineering's current Gross Margin % is 35.84%, which is 44% above median its own 10-year median of 24.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ISGEC Heavy Engineering stock overvalued right now?
Based on GuruFocus' analysis, ISGEC Heavy Engineering (NSE:ISGEC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,062.67, compared to a current price of ₹927.95 — trading 12.7% below its estimated fair value. The current Gross Margin % is 35.84%, which is 44% above median its 10-year median of 24.89 and 33.6% above the Industrial Products industry median of 26.83. ISGEC Heavy Engineering's overall GF Score™ is 82/100 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 ISGEC Heavy Engineering (NSE:ISGEC), the current Gross Margin % is 35.84% 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 ISGEC Heavy Engineering (NSE:ISGEC) Overvalued in 2026?

Based on GuruFocus' analysis, ISGEC Heavy Engineering stock appears to be undervalued. The current stock price of ₹927.95 is trading 12.7% below its estimated GF Value™ of ₹1,062.67. GuruFocus considers ISGEC Heavy Engineering to be Modestly Undervalued.

Key valuation signals for NSE:ISGEC:

  • Gross Margin %: 35.84% (44% above median its 10-year median of 24.89)
  • GF Value™: ₹1,062.67 vs. price of ₹927.95 (12.7% below fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 33.6% above the Industrial Products median (#869 of 2993)

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


ISGEC Heavy Engineering Business Description

Other Exchanges 533033:India
Address A-4, Sector 24, Noida, UP, IND, 201301
ISGEC Heavy Engineering Ltd is an India-based company that provides diversified engineering products and services. The company is divided into two segments. The Manufacturing of Machinery & Equipment segment generates revenue based on orders for process plant equipment, presses, castings, boiler components, and liquified gas containers. The Engineering, Procurement & Construction segment which derives maximum revenue, generates it based on contract manufacturing and execution of projects for setting up sugar plants, power plants, boilers, buildings, factories, and others. The company earns the larger part of its revenue in India and the rest from international markets through countries like Nigeria, the USA, Australia, the UAE.
82GF Score

Get the complete analysis for NSE:ISGEC

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

₹927.95
Price
₹1,062.67
GF Value