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PNB GiltsNSE:PNBGILTS +1.13%84 Gross Margin % is 97.55% as of Jun. 2026, which is 0% below its 10-year median of 97.68. GuruFocus rates NSE:PNBGILTS with a GF Score™ of 84/100 and a GF Value™ of ₹98.97 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 617 Capital Markets companies, PNB Gilts ranks better than 93.68% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. PNB Gilts's Gross Profit for the
three
months ended in Jun. 2026 was ₹4,434 Mil. PNB Gilts's Revenue for the
three
months ended in Jun. 2026 was ₹4,546 Mil. Therefore, PNB Gilts's Gross Margin % for the quarter that ended in Jun. 2026 was 97.55%.
The historical rank and industry rank for PNB Gilts's Gross Margin % or its related term are showing as below:
NSE:PNBGILTS'
s Gross Margin % Range Over the Past 10 Years
Min: 96.89 Med: 97.68 Max: 98.17
Current: 97.12
During the past 13 years, the highestGross Margin % of PNB Gilts was 98.17%. The lowest was 96.89%. And the median was 97.68%.
NSE:PNBGILTS's Gross Margin % is ranked better than 93.68% of 617
companies
in the Capital Markets industry
Industry Median: 47.11
vs NSE:PNBGILTS: 97.12
PNB Gilts had a gross margin of 97.55% for the quarter that ended in Jun. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for PNB Gilts was -0.10% per year.
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
PNB Gilts had a gross margin of 97.55% for the quarter that ended in Jun. 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.
PNB Gilts Gross Margin % Related Terms
PNB Gilts Gross Margin % Historical Data
* Premium members only.
The historical data trend for PNB Gilts'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:PNBGILTS vs MS, GS, SCHW: Gross Margin % Comparison
For the Capital Markets subindustry, PNB Gilts'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.
PNB Gilts Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, PNB Gilts's Gross Margin % distribution charts can be found below:
* The bar in red indicates where PNB Gilts'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.
PNB Gilts (NSE:PNBGILTS) has a Gross Margin % of 97.55% as of Jun. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on PNB Gilts and its competitors. This is near median its historical median of 97.68. Over the past decade, PNB Gilts' Gross Margin % has ranged from 96.89 to 98.17. According to the industry distribution chart, PNB Gilts ranks #39 out of 617 companies in the Capital Markets industry, placing it in the top 6.3%.
Is PNB Gilts' Gross Margin % too high?
PNB Gilts' current Gross Margin % of 97.55% is near median its 10-year median of 97.68. Over the past 10 years, this metric has ranged from a low of 96.89 to a high of 98.17. The Capital Markets industry median Gross Margin % is 47.11. PNB Gilts' value of 97.55% is 107.1% above this industry median. Based on the distribution chart, PNB Gilts ranks #39 out of 617 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, PNB Gilts has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PNB Gilts' Gross Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, PNB Gilts ranks #39 out of 617 companies for Gross Margin %. This places PNB Gilts in the top 6% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 47.11. PNB Gilts' value of 97.55% is 107.1% above this benchmark. Historically, PNB Gilts' own Gross Margin % has ranged from 96.89 to 98.17 over the past decade. While the company's 10-year median is 97.68 vs. the industry median of 47.11, PNB Gilts 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 Capital Markets company?
The median Gross Margin % among Capital Markets companies is 47.11, based on 617 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. PNB Gilts's current Gross Margin % of 97.55% is 107.1% 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 PNB Gilts and its competitors. For the Capital Markets industry, the median Gross Margin % is 47.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PNB Gilts's current Gross Margin % is 97.55%, which is near median its own 10-year median of 97.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PNB Gilts stock overvalued right now?
Based on GuruFocus' analysis, PNB Gilts (NSE:PNBGILTS) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹98.97, compared to a current price of ₹80.36 — trading 18.8% below its estimated fair value. The current Gross Margin % is 97.55%, which is near median its 10-year median of 97.68 and 107.1% above the Capital Markets industry median of 47.11. PNB Gilts' overall GF Score™ is 84/100 with 6 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 PNB Gilts (NSE:PNBGILTS), the current Gross Margin % is 97.55% as of Jun. 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 PNB Gilts (NSE:PNBGILTS) Overvalued in 2026?
Based on GuruFocus' analysis, PNB Gilts stock appears to be undervalued.
The current stock price of ₹80.36 is trading 18.8% below its estimated GF Value™ of ₹98.97.
GuruFocus considers PNB Gilts to be Modestly Undervalued.
Key valuation signals for NSE:PNBGILTS:
Gross Margin %: 97.55% (near median its 10-year median of 97.68)
GF Value™: ₹98.97 vs. price of ₹80.36 (18.8% below fair value)
Industry Position: 107.1% above the Capital Markets median (#39 of 617)
No single metric tells the full story. See the NSE:PNBGILTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PNB Gilts Ltd is engaged in the activities of supporting government borrowing program via underwriting of government securities issuances and trade in a gamut of fixed income instruments such as Government securities, Treasury Bills, State Development Loans, Corporate Bonds, Interest Rate Swaps and various money market instruments such as Certificates of Deposits, Commercial Papers, and Others. Its services are Gilts account, Debt capital Market, and Retailing.
84GF Score
Get the complete analysis for NSE:PNBGILTS
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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