Siddhika Coatings (NSE:SIDDHIKA) Gross Margin % : 50.47% (As of Mar. 2022)

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What is Siddhika Coatings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Siddhika Coatings's Gross Profit for the six months ended in Mar. 2022 was ₹60.4 Mil. Siddhika Coatings's Revenue for the six months ended in Mar. 2022 was ₹119.6 Mil. Therefore, Siddhika Coatings's Gross Margin % for the quarter that ended in Mar. 2022 was 50.47%.

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

NSE:SIDDHIKA's Gross Margin % is not ranked ^*
in the Chemicals industry.
Industry Median: 22.47
* Ranked among companies with meaningful Gross Margin % only.

Siddhika Coatings had a gross margin of 50.47% for the quarter that ended in Mar. 2022 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Siddhika Coatings was 0.00% per year.

Siddhika Coatings Gross Margin % Historical Data

The historical data trend for Siddhika Coatings'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.

Siddhika Coatings Gross Margin % Chart

Siddhika Coatings Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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51.49

52.76

52.34

51.13

47.74

Siddhika Coatings Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23
Gross Margin %	Get a 7-Day Free Trial			52.34	52.34	52.02	50.47	-

Competitive Comparison of Siddhika Coatings's Gross Margin %

For the Specialty Chemicals subindustry, Siddhika Coatings'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.

Siddhika Coatings's Gross Margin % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Siddhika Coatings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Siddhika Coatings's Gross Margin % falls into.

Siddhika Coatings Gross Margin % Calculation

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

Siddhika Coatings's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	160.2	/	335.478
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(335.478 - 175.318)	/	335.478
	=	47.74 %

Siddhika Coatings's Gross Margin for the quarter that ended in Mar. 2022 is calculated as

Gross Margin % (Q: Mar. 2022 )	=	Gross Profit (Q: Mar. 2022 )	/	Revenue (Q: Mar. 2022 )
	=	60.4	/	119.595
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(119.595 - 59.24)	/	119.595
	=	50.47 %

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.

Siddhika Coatings (NSE:SIDDHIKA) 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

Siddhika Coatings had a gross margin of 50.47% for the quarter that ended in Mar. 2022 => 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.

Siddhika Coatings Gross Margin % Related Terms

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Siddhika Coatings (NSE:SIDDHIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Siddhika Coatings Ltd (NSE:SIDDHIKA) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

L-9, Lower Ground Floor Kalkaj, South Delhi, New Delhi, IND, 110019

Website

https://www.siddhika.com

Siddhika Coatings Ltd is a texture paint contract company in the single-brand segment. The paints industry is mainly divided into two segments Decorative and Industrial. The decorative segment accounts for a portion of the paint industry's value, around 75%, and the industrial segment accounts for the rest 25% of the industry's value.

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