TIL (NSE:TIL) Gross Margin % : 29.52% (As of Jun. 2024)

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What is TIL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. TIL's Gross Profit for the three months ended in Jun. 2024 was ₹198 Mil. TIL's Revenue for the three months ended in Jun. 2024 was ₹670 Mil. Therefore, TIL's Gross Margin % for the quarter that ended in Jun. 2024 was 29.52%.

Warning Sign:

TIL Ltd gross margin has been in long-term decline. The average rate of decline per year is -2.8%.

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

NSE:TIL' s Gross Margin % Range Over the Past 10 Years
Min: 20.46 Med: 27.27 Max: 44.97
Current: 27.88

During the past 13 years, the highest Gross Margin % of TIL was 44.97%. The lowest was 20.46%. And the median was 27.27%.

NSE:TIL's Gross Margin % is ranked better than
64.42% of 208 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 24.085 vs NSE:TIL: 27.88

TIL had a gross margin of 29.52% for the quarter that ended in Jun. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for TIL was -2.80% per year.

TIL Gross Margin % Historical Data

The historical data trend for TIL'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.

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TIL Gross Margin % Chart

TIL Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Gross Margin %

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20.46

26.69

44.97

21.93

25.64

TIL Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Gross Margin %	Get a 7-Day Free Trial															16.18	39.13	22.06	19.44	29.52

Competitive Comparison of TIL's Gross Margin %

For the Farm & Heavy Construction Machinery subindustry, TIL'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.

TIL's Gross Margin % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, TIL's Gross Margin % distribution charts can be found below:

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

TIL Gross Margin % Calculation

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

TIL'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 )
	=	171	/	667
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(667 - 496)	/	667
	=	25.64 %

TIL's Gross Margin for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )	=	Gross Profit (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	197.7	/	669.8
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(669.8 - 472.1)	/	669.8
	=	29.52 %

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.

TIL (NSE:TIL) 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

TIL had a gross margin of 29.52% for the quarter that ended in Jun. 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.

TIL Gross Margin % Related Terms

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TIL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » TIL Ltd (NSE:TIL) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

505196:India

Address

1, Taratolla Road, Garden Reach, Kolkata, WB, IND, 700024

Website

https://www.tilindia.in

TIL Ltd is an India based company engaged in providing customized designs manufactures and markets a comprehensive range of material handling, lifting, port equipment, road building solutions, with integrated customer support and after-sales service. The company operates in only Material handling solutions segment which comprises manufacturing and marketing of various materials handling equipment such as mobile cranes, port equipment, self-loading truck cranes, and road construction equipment as well as dealing in spares and providing services to related equipment. Geographically, the group has a business presence in India and outside India of which key revenue is earned within the Indian market.