Speb AdhesivesNSE:SPEB +2.29%21 Gross Margin % is 34.98% as of Mar. 2026, which is 35% above its 10-year median of 25.94. GuruFocus rates NSE:SPEB with a GF Score™ of 21/100. The stock has 4 warning signs investors should review. Among 1,561 Chemicals companies, Speb Adhesives ranks better than 75.46% on this metric.
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
Speb Adhesives had a gross margin of 34.98% 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.
Speb Adhesives Gross Margin % Related Terms
Speb Adhesives Gross Margin % Historical Data
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The historical data trend for Speb Adhesives'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:SPEB vs LIN, SHW, ECL: Gross Margin % Comparison
For the Specialty Chemicals subindustry, Speb Adhesives'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.
Speb Adhesives Gross Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Speb Adhesives's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Speb Adhesives'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.
Speb Adhesives (NSE:SPEB) has a Gross Margin % of 34.98% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Speb Adhesives and its competitors. This is 35% above median its historical median of 25.94. Over the past decade, Speb Adhesives' Gross Margin % has ranged from 19.95 to 35.44. According to the industry distribution chart, Speb Adhesives ranks #383 out of 1561 companies in the Chemicals industry, placing it in the top 24.5%.
Is Speb Adhesives' Gross Margin % too high?
Speb Adhesives' current Gross Margin % of 34.98% is 35% above median its 10-year median of 25.94. Over the past 10 years, this metric has ranged from a low of 19.95 to a high of 35.44. The Chemicals industry median Gross Margin % is 23.35. Speb Adhesives' value of 34.98% is 49.8% above this industry median. Based on the distribution chart, Speb Adhesives ranks #383 out of 1561 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Speb Adhesives has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Speb Adhesives' Gross Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Speb Adhesives ranks #383 out of 1561 companies for Gross Margin %. This places Speb Adhesives in the top 25% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 23.35. Speb Adhesives' value of 34.98% is 49.8% above this benchmark. Historically, Speb Adhesives' own Gross Margin % has ranged from 19.95 to 35.44 over the past decade. While the company's 10-year median is 25.94 vs. the industry median of 23.35, Speb Adhesives 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 Chemicals company?
The median Gross Margin % among Chemicals companies is 23.35, based on 1,561 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. Speb Adhesives's current Gross Margin % of 34.98% is 49.8% 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 Speb Adhesives and its competitors. For the Chemicals industry, the median Gross Margin % is 23.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Speb Adhesives's current Gross Margin % is 34.98%, which is 35% above median its own 10-year median of 25.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Speb Adhesives stock overvalued right now?
Speb Adhesives (NSE:SPEB) has a current Gross Margin % of 34.98%. The current Gross Margin % is 34.98%, which is 35% above median its 10-year median of 25.94 and 49.8% above the Chemicals industry median of 23.35. Speb Adhesives' overall GF Score™ is 21/100 with 4 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 Speb Adhesives (NSE:SPEB), the current Gross Margin % is 34.98% 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.
Speb Adhesives Ltd is engaged in the manufacturing of solvent-based synthetic rubber adhesives and offers water-based adhesives. The company focuses on in-house manufacturing of solvent-based adhesives, with water-based adhesives being produced on a contractual manufacturing basis. Its product portfolio includes various products customized for industrial and retail applications, such as multi-purpose adhesives, spray-grade adhesives, premium bonding adhesives, Ducting and Insulation adhesives, woodworking adhesives, footwear-grade adhesives, and adhesives used in Generator Sets. The company operates a B2B model through three business channels: dealer-distribution network, industrial sales, and government supply contracts. It generates the majority of its revenue from overseas markets.
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