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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.
Marine Electricals (India)NSE:MARINE +8.18%86 Gross Margin % is 18.66% as of Mar. 2026, which is 24% above its 10-year median of 15.09. GuruFocus rates NSE:MARINE with a GF Score™ of 86/100 and a GF Value™ of ₹199.17 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,998 Industrial Products companies, Marine Electricals (India) ranks worse than 69.51% on this metric.
NSE:MARINE's Gross Margin % is ranked worse than 69.51% of 2998
companies
in the Industrial Products industry
Industry Median: 26.78
vs NSE:MARINE: 19.67
Marine Electricals (India) had a gross margin of 18.66% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
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
Marine Electricals (India) had a gross margin of 18.66% 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.
Marine Electricals (India) Gross Margin % Related Terms
Marine Electricals (India) Gross Margin % Historical Data
* 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.
For the Electrical Equipment & Parts subindustry, Marine Electricals (India)'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.
Marine Electricals (India) Gross Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Marine Electricals (India)'s Gross Margin % distribution charts can be found below:
* The bar in red indicates where Marine Electricals (India)'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.
Marine Electricals (India) (NSE:MARINE) has a Gross Margin % of 18.66% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Marine Electricals (India) and its competitors. This is 24% above median its historical median of 15.09. Over the past decade, Marine Electricals (India)'s Gross Margin % has ranged from 11.62 to 19.67. According to the industry distribution chart, Marine Electricals (India) ranks #2084 out of 2998 companies in the Industrial Products industry, placing it in the top 69.5%.
Is Marine Electricals (India)'s Gross Margin % too high?
Marine Electricals (India)'s current Gross Margin % of 18.66% is 24% above median its 10-year median of 15.09. Over the past 10 years, this metric has ranged from a low of 11.62 to a high of 19.67. The Industrial Products industry median Gross Margin % is 26.78. Marine Electricals (India)'s value of 18.66% is 30.3% below this industry median. Based on the distribution chart, Marine Electricals (India) ranks #2084 out of 2998 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Marine Electricals (India) has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marine Electricals (India)'s Gross Margin % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Marine Electricals (India) ranks #2084 out of 2998 companies for Gross Margin %. This places Marine Electricals (India) in the lower half of its industry. The industry median Gross Margin % is 26.78. Marine Electricals (India)'s value of 18.66% is 30.3% below this benchmark. Historically, Marine Electricals (India)'s own Gross Margin % has ranged from 11.62 to 19.67 over the past decade. While the company's 10-year median is 15.09 vs. the industry median of 26.78, Marine Electricals (India) 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 an Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.78, based on 2,998 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. Marine Electricals (India)'s current Gross Margin % of 18.66% is 30.3% 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 Marine Electricals (India) and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marine Electricals (India)'s current Gross Margin % is 18.66%, which is 24% above median its own 10-year median of 15.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marine Electricals (India) stock overvalued right now?
Based on GuruFocus' analysis, Marine Electricals (India) (NSE:MARINE) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹199.17, compared to a current price of ₹300.60 — trading 50.9% above its estimated fair value. The current Gross Margin % is 18.66%, which is 24% above median its 10-year median of 15.09 and 30.3% below the Industrial Products industry median of 26.78. Marine Electricals (India)'s overall GF Score™ is 86/100 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 Marine Electricals (India) (NSE:MARINE), the current Gross Margin % is 18.66% 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 Marine Electricals (India) (NSE:MARINE) Overvalued in 2026?
Based on GuruFocus' analysis, Marine Electricals (India) stock appears to be overvalued.
The current stock price of ₹300.60 is trading 50.9% above its estimated GF Value™ of ₹199.17.
GuruFocus considers Marine Electricals (India) to be Significantly Overvalued.
Key valuation signals for NSE:MARINE:
Gross Margin %: 18.66% (24% above median its 10-year median of 15.09)
GF Value™: ₹199.17 vs. price of ₹300.60 (50.9% above fair value)
Industry Position: 30.3% below the Industrial Products median (#2084 of 2998)
No single metric tells the full story. See the NSE:MARINE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Marine Electricals (India) Ltd is engaged in providing integrated electrical and automation solutions. It is engaged in the manufacturing and sale of all types of marine and industrial electrical and electronic components like switch-gears, marine motors, control-gears, monitoring and control systems, etc., and is also engaged in the renewable energy sector, specifically solar. The company also provides services like designing, fabricating, etc., for all types of electrical and electronic installations and undertakes annual maintenance contracts. Its segments are: Marine and Industry. The Industry segment, which generates maximum revenue, provides products and services of power distribution and solutions for industries like data centres, industrial, and large buildings.
86GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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