Shigan Quantum Technologies (NSE:SHIGAN) Gross Margin % : 20.01% (As of Mar. 2024)

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What is Shigan Quantum Technologies Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Shigan Quantum Technologies's Gross Profit for the six months ended in Mar. 2024 was ₹172 Mil. Shigan Quantum Technologies's Revenue for the six months ended in Mar. 2024 was ₹861 Mil. Therefore, Shigan Quantum Technologies's Gross Margin % for the quarter that ended in Mar. 2024 was 20.01%.

The historical rank and industry rank for Shigan Quantum Technologies's Gross Margin % or its related term are showing as below:

NSE:SHIGAN' s Gross Margin % Range Over the Past 10 Years
Min: 15.8 Med: 18.72 Max: 20.31
Current: 20.31

During the past 6 years, the highest Gross Margin % of Shigan Quantum Technologies was 20.31%. The lowest was 15.80%. And the median was 18.72%.

NSE:SHIGAN's Gross Margin % is ranked better than
51.45% of 1273 companies
in the Vehicles & Parts industry
Industry Median: 19.8 vs NSE:SHIGAN: 20.31

Shigan Quantum Technologies had a gross margin of 20.01% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Shigan Quantum Technologies was 0.00% per year.

Shigan Quantum Technologies Gross Margin % Historical Data

The historical data trend for Shigan Quantum Technologies'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.

* Premium members only.

Shigan Quantum Technologies Gross Margin % Chart

Shigan Quantum Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Gross Margin %

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18.72

16.84

15.80

20.31

Shigan Quantum Technologies Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Gross Margin %	Get a 7-Day Free Trial				-	14.34	18.80	20.71	20.01

Competitive Comparison of Shigan Quantum Technologies's Gross Margin %

For the Auto Parts subindustry, Shigan Quantum Technologies'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.

Shigan Quantum Technologies's Gross Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shigan Quantum Technologies's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Shigan Quantum Technologies's Gross Margin % falls into.

Shigan Quantum Technologies Gross Margin % Calculation

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

Shigan Quantum Technologies's Gross Margin for the fiscal year that ended in Mar. 2024 is calculated as

Gross Margin % (A: Mar. 2024 )	=	Gross Profit (A: Mar. 2024 )	/	Revenue (A: Mar. 2024 )
	=	308.6	/	1519.406
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1519.406 - 1210.768)	/	1519.406
	=	20.31 %

Shigan Quantum Technologies's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	172.2	/	860.516
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(860.516 - 688.337)	/	860.516
	=	20.01 %

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.

Shigan Quantum Technologies (NSE:SHIGAN) 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

Shigan Quantum Technologies had a gross margin of 20.01% for the quarter that ended in Mar. 2024 => 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.

Shigan Quantum Technologies Gross Margin % Related Terms

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Shigan Quantum Technologies (NSE:SHIGAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shigan Quantum Technologies Ltd (NSE:SHIGAN) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alier Bhangrola Road, Shyam Udyog Parisar, IMT Manesa, Gurugram, HR, IND, 122052

Website

https://www.shigan-quantum.com

Shigan Quantum Technologies Ltd is engaged in the business of designing, developing, and manufacturing a variety of Alternate Fuel Systems Components including Compressed Natural Gas, Liquefied natural gas, Hydrogen Fuel Kit systems for original equipment manufacturer suppliers to auto industries The company manufactures Alternate Fuel Systems for heavy duty vehicles, light duty vehicles, and off- highway applications.

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