MIC ElectronicsNSE:MICEL -2.66%71 Gross Margin % is 46.43% as of Mar. 2026, which is 68% above its 10-year median of 27.67. GuruFocus rates NSE:MICEL with a GF Score™ of 71/100 and a GF Value™ of ₹208.43 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,453 Hardware companies, MIC Electronics ranks better than 55.81% on this metric.
The historical rank and industry rank for MIC Electronics's Gross Margin % or its related term are showing as below:
NSE:MICEL'
s Gross Margin % Range Over the Past 10 Years
Min: 12.15 Med: 27.67 Max: 92.1
Current: 27.68
During the past 13 years, the highestGross Margin % of MIC Electronics was 92.10%. The lowest was 12.15%. And the median was 27.67%.
NSE:MICEL's Gross Margin % is ranked better than 55.81% of 2453
companies
in the Hardware industry
Industry Median: 24.52
vs NSE:MICEL: 27.68
MIC Electronics had a gross margin of 46.43% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for MIC Electronics was 0.20% per year.
MIC Electronics (NSE:MICEL) 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
MIC Electronics had a gross margin of 46.43% for the quarter that ended in Mar. 2026 => 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.
MIC Electronics Gross Margin % Related Terms
MIC Electronics Gross Margin % Historical Data
* Premium members only.
The historical data trend for MIC Electronics'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.
For the Electronic Components subindustry, MIC Electronics'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.
MIC Electronics Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, MIC Electronics's Gross Margin % distribution charts can be found below:
* The bar in red indicates where MIC Electronics'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.
MIC Electronics (NSE:MICEL) has a Gross Margin % of 46.43% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on MIC Electronics and its competitors. This is 68% above median its historical median of 27.67. Over the past decade, MIC Electronics' Gross Margin % has ranged from 12.15 to 92.10. According to the industry distribution chart, MIC Electronics ranks #1084 out of 2453 companies in the Hardware industry, placing it in the top 44.2%.
Is MIC Electronics' Gross Margin % too high?
MIC Electronics' current Gross Margin % of 46.43% is 68% above median its 10-year median of 27.67. Over the past 10 years, this metric has ranged from a low of 12.15 to a high of 92.10. The Hardware industry median Gross Margin % is 24.52. MIC Electronics' value of 46.43% is 89.4% above this industry median. Based on the distribution chart, MIC Electronics ranks #1084 out of 2453 companies in the Hardware industry, which is above the industry midpoint. Overall, MIC Electronics has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MIC Electronics' Gross Margin % compare to APH and GLW?
According to the Hardware industry distribution chart, MIC Electronics ranks #1084 out of 2453 companies for Gross Margin %. This puts MIC Electronics in the upper half of its industry. The industry median Gross Margin % is 24.52. MIC Electronics' value of 46.43% is 89.4% above this benchmark. Historically, MIC Electronics' own Gross Margin % has ranged from 12.15 to 92.10 over the past decade. While the company's 10-year median is 27.67 vs. the industry median of 24.52, MIC Electronics 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 a Hardware company?
The median Gross Margin % among Hardware companies is 24.52, based on 2,453 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. MIC Electronics's current Gross Margin % of 46.43% is 89.4% 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 MIC Electronics and its competitors. For the Hardware industry, the median Gross Margin % is 24.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIC Electronics's current Gross Margin % is 46.43%, which is 68% above median its own 10-year median of 27.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIC Electronics stock overvalued right now?
Based on GuruFocus' analysis, MIC Electronics (NSE:MICEL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹208.43, compared to a current price of ₹39.19 — trading 81.2% below its estimated fair value. The current Gross Margin % is 46.43%, which is 68% above median its 10-year median of 27.67 and 89.4% above the Hardware industry median of 24.52. MIC Electronics' overall GF Score™ is 71/100 with 2 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 MIC Electronics (NSE:MICEL), the current Gross Margin % is 46.43% 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 MIC Electronics (NSE:MICEL) Overvalued in 2026?
Based on GuruFocus' analysis, MIC Electronics stock appears to be undervalued.
The current stock price of ₹39.19 is trading 81.2% below its estimated GF Value™ of ₹208.43.
GuruFocus considers MIC Electronics to be Possible Value Trap.
Key valuation signals for NSE:MICEL:
Gross Margin %: 46.43% (68% above median its 10-year median of 27.67)
GF Value™: ₹208.43 vs. price of ₹39.19 (81.2% below fair value)
Industry Position: 89.4% above the Hardware median (#1084 of 2453)
No single metric tells the full story. See the NSE:MICEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MIC Electronics Ltd designs, develops, and manufactures light-emitting diode (LED) video displays, and other electronic components. The operating segments of the group are LED products; Medical appliances and E Vehicles. Its products include LED lighting, LED displays, Oxygen concentrators, and Batteries. The company predominantly operates in India.
71GF Score
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