SPP PolymerNSE:SPPPOLY 23 Gross Margin % is 19.08% as of Mar. 2025, which is 13% above its 10-year median of 16.91. GuruFocus rates NSE:SPPPOLY with a GF Score™ of 23/100. The stock has 4 warning signs investors should review. Among 382 Packaging & Containers companies, SPP Polymer ranks worse than 57.33% on this metric.
The historical rank and industry rank for SPP Polymer's Gross Margin % or its related term are showing as below:
NSE:SPPPOLY'
s Gross Margin % Range Over the Past 10 Years
Min: 14.49 Med: 16.91 Max: 19.08
Current: 19.08
During the past 5 years, the highestGross Margin % of SPP Polymer was 19.08%. The lowest was 14.49%. And the median was 16.91%.
NSE:SPPPOLY's Gross Margin % is ranked worse than 57.33% of 382
companies
in the Packaging & Containers industry
Industry Median: 21.38
vs NSE:SPPPOLY: 19.08
SPP Polymer had a gross margin of 19.08% for the quarter that ended in Mar. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for SPP Polymer was 0.00% 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
SPP Polymer had a gross margin of 19.08% for the quarter that ended in Mar. 2025 => No sustainable 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.
SPP Polymer Gross Margin % Related Terms
SPP Polymer Gross Margin % Historical Data
* Premium members only.
The historical data trend for SPP Polymer'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.
SPP Polymer Gross Margin % Chart
SPP Polymer Annual Data
Trend
Mar21
Mar22
Mar23
Mar24
Mar25
Gross Margin %
17.67
14.49
15.84
16.91
19.08
SPP Polymer Semi-Annual Data
Mar21
Mar22
Mar23
Mar24
Mar25
Gross Margin %
17.67
14.49
15.84
16.91
19.08
NSE:SPPPOLY vs SW, PKG, IP: Gross Margin % Comparison
For the Packaging & Containers subindustry, SPP Polymer'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.
SPP Polymer Gross Margin % vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, SPP Polymer's Gross Margin % distribution charts can be found below:
* The bar in red indicates where SPP Polymer'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.
SPP Polymer (NSE:SPPPOLY) has a Gross Margin % of 19.08% as of Mar. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on SPP Polymer and its competitors. This is 13% above median its historical median of 16.91. Over the past decade, SPP Polymer's Gross Margin % has ranged from 14.49 to 19.08. According to the industry distribution chart, SPP Polymer ranks #219 out of 382 companies in the Packaging & Containers industry, placing it in the top 57.3%.
Is SPP Polymer's Gross Margin % too high?
SPP Polymer's current Gross Margin % of 19.08% is 13% above median its 10-year median of 16.91. Over the past 10 years, this metric has ranged from a low of 14.49 to a high of 19.08. The Packaging & Containers industry median Gross Margin % is 21.38. SPP Polymer's value of 19.08% is 10.8% below this industry median. Based on the distribution chart, SPP Polymer ranks #219 out of 382 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, SPP Polymer has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does SPP Polymer's Gross Margin % compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, SPP Polymer ranks #219 out of 382 companies for Gross Margin %. This places SPP Polymer in the lower half of its industry. The industry median Gross Margin % is 21.38. SPP Polymer's value of 19.08% is 10.8% below this benchmark. Historically, SPP Polymer's own Gross Margin % has ranged from 14.49 to 19.08 over the past decade. While the company's 10-year median is 16.91 vs. the industry median of 21.38, SPP Polymer 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 a Packaging & Containers company?
The median Gross Margin % among Packaging & Containers companies is 21.38, based on 382 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. SPP Polymer's current Gross Margin % of 19.08% is 10.8% 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 SPP Polymer and its competitors. For the Packaging & Containers industry, the median Gross Margin % is 21.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPP Polymer's current Gross Margin % is 19.08%, which is 13% above median its own 10-year median of 16.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPP Polymer stock overvalued right now?
SPP Polymer (NSE:SPPPOLY) has a current Gross Margin % of 19.08%. The current Gross Margin % is 19.08%, which is 13% above median its 10-year median of 16.91 and 10.8% below the Packaging & Containers industry median of 21.38. SPP Polymer's overall GF Score™ is 23/100 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 SPP Polymer (NSE:SPPPOLY), the current Gross Margin % is 19.08% as of Mar. 2025. 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.
SPP Polymer Ltd is engaged in the business of manufacturing of HDPE/PP woven fabric & bags, non-woven fabrics & bags and PP Multifilament yarn. It offers packaging solutions to business-to-business (B2B) manufacturers catering to different industries such as cement, chemicals, food grains, sugars, polymers, agriculture, and others for the packaging of goods in big quantities.
23GF Score
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