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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Ishan InternationalNSE:ISHAN 40 Gross Margin % is 19.17% as of Mar. 2026, which is 14% below its 10-year median of 22.38. GuruFocus rates NSE:ISHAN with a GF Score™ of 40/100 and a GF Value™ of ₹0.45 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 210 Farm & Heavy Construction Machinery companies, Ishan International ranks worse than 63.33% on this metric.
Ishan International Ltd gross margin has been in long-term decline. The average rate of decline per year is -8.5%.
The historical rank and industry rank for Ishan International's Gross Margin % or its related term are showing as below:
NSE:ISHAN'
s Gross Margin % Range Over the Past 10 Years
Min: 7.27 Med: 22.38 Max: 25.75
Current: 22.38
During the past 7 years, the highestGross Margin % of Ishan International was 25.75%. The lowest was 7.27%. And the median was 22.38%.
NSE:ISHAN's Gross Margin % is ranked worse than 63.33% of 210
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 25.62
vs NSE:ISHAN: 22.38
Ishan International had a gross margin of 19.17% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Ishan International was -8.50% per year.
Ishan International (NSE:ISHAN) 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
Ishan International had a gross margin of 19.17% for the quarter that ended in Mar. 2026 => No sustainable 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.
Ishan International Gross Margin % Related Terms
Ishan International Gross Margin % Historical Data
* Premium members only.
The historical data trend for Ishan International'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.
NSE:ISHAN vs CAT, DE, PCAR: Gross Margin % Comparison
For the Farm & Heavy Construction Machinery subindustry, Ishan International'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.
Ishan International Gross Margin % vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Ishan International's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Ishan International's Gross Margin % falls into.
* 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.
Ishan International (NSE:ISHAN) has a Gross Margin % of 19.17% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Ishan International and its competitors. This is 14% below median its historical median of 22.38. Over the past decade, Ishan International's Gross Margin % has ranged from 7.27 to 25.75. According to the industry distribution chart, Ishan International ranks #133 out of 210 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 63.3%.
Is Ishan International's Gross Margin % too high?
Ishan International's current Gross Margin % of 19.17% is 14% below median its 10-year median of 22.38. Over the past 10 years, this metric has ranged from a low of 7.27 to a high of 25.75. The Farm & Heavy Construction Machinery industry median Gross Margin % is 25.62. Ishan International's value of 19.17% is 25.2% below this industry median. Based on the distribution chart, Ishan International ranks #133 out of 210 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Ishan International has a GF Score™ of 40/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ishan International's Gross Margin % compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Ishan International ranks #133 out of 210 companies for Gross Margin %. This places Ishan International in the lower half of its industry. The industry median Gross Margin % is 25.62. Ishan International's value of 19.17% is 25.2% below this benchmark. Historically, Ishan International's own Gross Margin % has ranged from 7.27 to 25.75 over the past decade. While the company's 10-year median is 22.38 vs. the industry median of 25.62, Ishan International 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 Farm & Heavy Construction Machinery company?
The median Gross Margin % among Farm & Heavy Construction Machinery companies is 25.62, 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. Ishan International's current Gross Margin % of 19.17% is 25.2% 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 Ishan International and its competitors. For the Farm & Heavy Construction Machinery industry, the median Gross Margin % is 25.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ishan International's current Gross Margin % is 19.17%, which is 14% below median its own 10-year median of 22.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ishan International stock overvalued right now?
Based on GuruFocus' analysis, Ishan International (NSE:ISHAN) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹0.45, compared to a current price of ₹0.50 — trading 11.1% above its estimated fair value. The current Gross Margin % is 19.17%, which is 14% below median its 10-year median of 22.38 and 25.2% below the Farm & Heavy Construction Machinery industry median of 25.62. Ishan International's overall GF Score™ is 40/100 with 8 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 Ishan International (NSE:ISHAN), the current Gross Margin % is 19.17% 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 Ishan International (NSE:ISHAN) Overvalued in 2026?
Based on GuruFocus' analysis, Ishan International stock appears to be overvalued.
The current stock price of ₹0.50 is trading 11.1% above its estimated GF Value™ of ₹0.45.
GuruFocus considers Ishan International to be Modestly Overvalued.
Key valuation signals for NSE:ISHAN:
Gross Margin %: 19.17% (14% below median its 10-year median of 22.38)
GF Value™: ₹0.45 vs. price of ₹0.50 (11.1% above fair value)
Industry Position: 25.2% below the Farm & Heavy Construction Machinery median (#133 of 210)
No single metric tells the full story. See the NSE:ISHAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ishan International Ltd is a heavy engineering company. It is engaged in the business of EPC contracting and building projects that focus on supplying machines, erection/installation, commissioning, and operational training for sugar plants, jaggery plants, pharmaceutical plants, hydropower plants, and pollution control systems. The company also provides high-end engineering services and solutions for all types of activities in Hydro Power, Sugar and Jaggery, Pharmaceuticals, and Pollution Control Systems.
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