Timex Group India (NSE:TIMEX) Gross Margin %: 43.60% (As of Mar. 2026) — Near Median


NSE:TIMEX Timex Group India Ltd NSE:TIMEX
66 GF Score
Price ₹534.70
GF Value ₹348.35
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Timex Group India Gross Margin %?

Timex Group India NSE:TIMEX +1.95% 66 Gross Margin % is 43.60% as of Mar. 2026, which is 0% below its 10-year median of 43.68. GuruFocus rates NSE:TIMEX with a GF Score™ of 66/100 and a GF Value™ of ₹348.35 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,110 Retail - Cyclical companies, Timex Group India ranks better than 62.52% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Timex Group India's Gross Profit for the three months ended in Mar. 2026 was ₹1,025 Mil. Timex Group India's Revenue for the three months ended in Mar. 2026 was ₹2,352 Mil. Therefore, Timex Group India's Gross Margin % for the quarter that ended in Mar. 2026 was 43.60%.


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

NSE:TIMEX' s Gross Margin % Range Over the Past 10 Years
Min: 41.72   Med: 43.68   Max: 47.72
Current: 43.21


During the past 13 years, the highest Gross Margin % of Timex Group India was 47.72%. The lowest was 41.72%. And the median was 43.68%.

NSE:TIMEX's Gross Margin % is ranked better than
62.52% of 1110 companies
in the Retail - Cyclical industry
Industry Median: 36.33 vs NSE:TIMEX: 43.21

Timex Group India had a gross margin of 43.60% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Timex Group India was -0.60% per year.


Timex Group India  (NSE:TIMEX) 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

Timex Group India had a gross margin of 43.60% for the quarter that ended in Mar. 2026 => 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.


Timex Group India Gross Margin % Related Terms


Timex Group India Gross Margin % Historical Data

* Premium members only.

The historical data trend for Timex Group India'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.

Timex Group India Gross Margin % Chart

Timex Group India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.87 43.09 41.72 42.41 43.21

Timex Group India Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 43.94 43.51 42.89 42.76 43.60

NSE:TIMEX vs TPR: Gross Margin % Comparison

For the Luxury Goods subindustry, Timex Group India'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.


Timex Group India Gross Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Timex Group India's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Timex Group India's Gross Margin % falls into.


NSE:TIMEX
66GF Score
Timex Group India Ltd NSE:TIMEX
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Timex Group India Gross Margin % Calculation

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

Timex Group India'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 )
=3450.4 / 7985.9
=(Revenue - Cost of Goods Sold) / Revenue
=(7985.9 - 4535.5) / 7985.9
=43.21 %

Timex Group India'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 )
=1025.4 / 2352
=(Revenue - Cost of Goods Sold) / Revenue
=(2352 - 1326.6) / 2352
=43.60 %

* 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 43.60% mean?
Timex Group India (NSE:TIMEX) has a Gross Margin % of 43.60% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Timex Group India and its competitors. This is near median its historical median of 43.68. Over the past decade, Timex Group India's Gross Margin % has ranged from 41.72 to 47.72. According to the industry distribution chart, Timex Group India ranks #416 out of 1110 companies in the Retail - Cyclical industry, placing it in the top 37.5%.
Is Timex Group India's Gross Margin % too high?
Timex Group India's current Gross Margin % of 43.60% is near median its 10-year median of 43.68. Over the past 10 years, this metric has ranged from a low of 41.72 to a high of 47.72. The Retail - Cyclical industry median Gross Margin % is 36.33. Timex Group India's value of 43.60% is 20% above this industry median. Based on the distribution chart, Timex Group India ranks #416 out of 1110 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Timex Group India has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Timex Group India's Gross Margin % compare to TPR?
According to the Retail - Cyclical industry distribution chart, Timex Group India ranks #416 out of 1110 companies for Gross Margin %. This puts Timex Group India in the upper half of its industry. The industry median Gross Margin % is 36.33. Timex Group India's value of 43.60% is 20% above this benchmark. Historically, Timex Group India's own Gross Margin % has ranged from 41.72 to 47.72 over the past decade. While the company's 10-year median is 43.68 vs. the industry median of 36.33, Timex Group India 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 Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.33, based on 1,110 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. Timex Group India's current Gross Margin % of 43.60% is 20% 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 Timex Group India and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Timex Group India's current Gross Margin % is 43.60%, which is near median its own 10-year median of 43.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Timex Group India stock overvalued right now?
Based on GuruFocus' analysis, Timex Group India (NSE:TIMEX) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹348.35, compared to a current price of ₹534.70 — trading 53.5% above its estimated fair value. The current Gross Margin % is 43.60%, which is near median its 10-year median of 43.68 and 20% above the Retail - Cyclical industry median of 36.33. Timex Group India's overall GF Score™ is 66/100 with 3 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 Timex Group India (NSE:TIMEX), the current Gross Margin % is 43.60% 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.

Is Timex Group India (NSE:TIMEX) Overvalued in 2026?

Based on GuruFocus' analysis, Timex Group India stock appears to be overvalued. The current stock price of ₹534.70 is trading 53.5% above its estimated GF Value™ of ₹348.35. GuruFocus considers Timex Group India to be Significantly Overvalued.

Key valuation signals for NSE:TIMEX:

  • Gross Margin %: 43.60% (near median its 10-year median of 43.68)
  • GF Value™: ₹348.35 vs. price of ₹534.70 (53.5% above fair value)
  • GF Score™: 66/100 with 3 warning signs
  • Industry Position: 20% above the Retail - Cyclical median (#416 of 1110)

No single metric tells the full story. See the NSE:TIMEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Timex Group India Business Description

Other Exchanges 500414:India
Address C-1, Sector-16, 3rd Floor, World Trade Tower, Unit number 303, Tower-B, Noida, UP, IND, 201301
Timex Group India Ltd is an Indian company engaged in designing, manufacturing, and marketing timepieces and jewelry and rendering related after-sales services. Geographically, it derives a majority of its revenue from India. The company's brand includes Timex, Helix, and TMX. The company is mainly in the business of manufacturing and trading watches and rendering related after-sales services.
66GF Score

Get the complete analysis for NSE:TIMEX

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹534.70
Price
₹348.35
GF Value