Shivalic Power Control (NSE:SPCL) Gross Margin %: 23.36% (As of Mar. 2026) — Near Median


NSE:SPCL Shivalic Power Control Ltd NSE:SPCL
45 GF Score
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What is Shivalic Power Control Gross Margin %?

Shivalic Power Control NSE:SPCL -1.19% 45 Gross Margin % is 23.36% as of Mar. 2026, which is 2% above its 10-year median of 22.88. GuruFocus rates NSE:SPCL with a GF Score™ of 45/100. The stock has 5 warning signs investors should review. Among 3,003 Industrial Products companies, Shivalic Power Control ranks worse than 57.01% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Shivalic Power Control's Gross Profit for the six months ended in Mar. 2026 was ₹236 Mil. Shivalic Power Control's Revenue for the six months ended in Mar. 2026 was ₹1,012 Mil. Therefore, Shivalic Power Control's Gross Margin % for the quarter that ended in Mar. 2026 was 23.36%.


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

NSE:SPCL' s Gross Margin % Range Over the Past 10 Years
Min: 14.63   Med: 22.88   Max: 25.7
Current: 23.99


During the past 6 years, the highest Gross Margin % of Shivalic Power Control was 25.70%. The lowest was 14.63%. And the median was 22.88%.

NSE:SPCL's Gross Margin % is ranked worse than
57.01% of 3003 companies
in the Industrial Products industry
Industry Median: 26.79 vs NSE:SPCL: 23.99

Shivalic Power Control had a gross margin of 23.36% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Shivalic Power Control was 10.90% per year.


Shivalic Power Control  (NSE:SPCL) 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

Shivalic Power Control had a gross margin of 23.36% for the quarter that ended in Mar. 2026 => 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.


Shivalic Power Control Gross Margin % Related Terms


Shivalic Power Control Gross Margin % Historical Data

* Premium members only.

The historical data trend for Shivalic Power Control'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.

Shivalic Power Control Gross Margin % Chart

Shivalic Power Control Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial 14.63 21.76 25.70 24.55 23.99

Shivalic Power Control Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only 24.10 27.69 22.41 25.15 23.36

NSE:SPCL vs VRT, BE: Gross Margin % Comparison

For the Electrical Equipment & Parts subindustry, Shivalic Power Control'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.


Shivalic Power Control Gross Margin % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shivalic Power Control's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Shivalic Power Control's Gross Margin % falls into.


NSE:SPCL
45GF Score
Shivalic Power Control Ltd NSE:SPCL
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Shivalic Power Control Gross Margin % Calculation

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

Shivalic Power Control's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=372.7 / 1553.958
=(Revenue - Cost of Goods Sold) / Revenue
=(1553.958 - 1181.24) / 1553.958
=23.99 %

Shivalic Power Control's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=236.4 / 1011.751
=(Revenue - Cost of Goods Sold) / Revenue
=(1011.751 - 775.371) / 1011.751
=23.36 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 23.36% mean?
Shivalic Power Control (NSE:SPCL) has a Gross Margin % of 23.36% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Shivalic Power Control and its competitors. This is near median its historical median of 22.88. Over the past decade, Shivalic Power Control's Gross Margin % has ranged from 14.63 to 25.70. According to the industry distribution chart, Shivalic Power Control ranks #1712 out of 3003 companies in the Industrial Products industry, placing it in the top 57%.
Is Shivalic Power Control's Gross Margin % too high?
Shivalic Power Control's current Gross Margin % of 23.36% is near median its 10-year median of 22.88. Over the past 10 years, this metric has ranged from a low of 14.63 to a high of 25.70. The Industrial Products industry median Gross Margin % is 26.79. Shivalic Power Control's value of 23.36% is 12.8% below this industry median. Based on the distribution chart, Shivalic Power Control ranks #1712 out of 3003 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Shivalic Power Control has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Shivalic Power Control's Gross Margin % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Shivalic Power Control ranks #1712 out of 3003 companies for Gross Margin %. This places Shivalic Power Control in the lower half of its industry. The industry median Gross Margin % is 26.79. Shivalic Power Control's value of 23.36% is 12.8% below this benchmark. Historically, Shivalic Power Control's own Gross Margin % has ranged from 14.63 to 25.70 over the past decade. While the company's 10-year median is 22.88 vs. the industry median of 26.79, Shivalic Power Control 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 26.79, based on 3,003 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. Shivalic Power Control's current Gross Margin % of 23.36% is 12.8% 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 Shivalic Power Control and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shivalic Power Control's current Gross Margin % is 23.36%, which is near median its own 10-year median of 22.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shivalic Power Control stock overvalued right now?
Shivalic Power Control (NSE:SPCL) has a current Gross Margin % of 23.36%. The current Gross Margin % is 23.36%, which is near median its 10-year median of 22.88 and 12.8% below the Industrial Products industry median of 26.79. Shivalic Power Control's overall GF Score™ is 45/100 with 5 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 Shivalic Power Control (NSE:SPCL), the current Gross Margin % is 23.36% 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.

Shivalic Power Control Business Description

Address Plot No. 72, Sector- 68, IMT, Ballabgarh, Faridabad, HR, IND, 121004
Shivalic Power Control Ltd is an ISO-certified LT and HT electric panel manufacturer. It is a technology-driven company with focus on quality, design and product development, which has allowed the company to develop products suited to its customers' requirements. The company has a diversified range of electric panels such as PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronisation panels, Outdoor panels, HT Panels up to 33KV, VFD , Power Distribution Boards, Bus Duct and LT & HT APFC Panels.
45GF Score

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