Tunwal E-Motors (NSE:TUNWAL) Gross Margin %: 16.79% (As of Mar. 2026) — 11% Below Median

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NSE:TUNWAL Tunwal E-Motors Ltd NSE:TUNWAL
46 GF Score
Price ₹27.10
! 5 Warning Signs
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What is Tunwal E-Motors Gross Margin %?

Tunwal E-Motors NSE:TUNWAL +1.88% 46 Gross Margin % is 16.79% as of Mar. 2026, which is 11% below its 10-year median of 18.97. GuruFocus rates NSE:TUNWAL with a GF Score™ of 46/100. The stock has 5 warning signs investors should review. Among 1,305 Vehicles & Parts companies, Tunwal E-Motors ranks worse than 53.79% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Tunwal E-Motors's Gross Profit for the six months ended in Mar. 2026 was ₹222 Mil. Tunwal E-Motors's Revenue for the six months ended in Mar. 2026 was ₹1,325 Mil. Therefore, Tunwal E-Motors's Gross Margin % for the quarter that ended in Mar. 2026 was 16.79%.

Warning Sign:

Tunwal E-Motors Ltd gross margin has been in long-term decline. The average rate of decline per year is -3.4%.


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

NSE:TUNWAL' s Gross Margin % Range Over the Past 10 Years
Min: 9.19   Med: 18.97   Max: 40.01
Current: 19.1


During the past 6 years, the highest Gross Margin % of Tunwal E-Motors was 40.01%. The lowest was 9.19%. And the median was 18.97%.

NSE:TUNWAL's Gross Margin % is ranked worse than
53.79% of 1305 companies
in the Vehicles & Parts industry
Industry Median: 19.87 vs NSE:TUNWAL: 19.10

Tunwal E-Motors had a gross margin of 16.79% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Tunwal E-Motors was -3.40% per year.


Tunwal E-Motors  (NSE:TUNWAL) 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

Tunwal E-Motors had a gross margin of 16.79% for the quarter that ended in Mar. 2026 => 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.


Tunwal E-Motors Gross Margin % Related Terms


Tunwal E-Motors Gross Margin % Historical Data

* Premium members only.

The historical data trend for Tunwal E-Motors'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.

Tunwal E-Motors Gross Margin % Chart

Tunwal E-Motors Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial 9.19 15.93 22.10 18.84 19.10

Tunwal E-Motors Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Gross Margin % Get a 7-Day Free Trial 0.00 21.84 16.69 21.22 16.79

NSE:TUNWAL vs TSLA, GM, F: Gross Margin % Comparison

For the Auto Manufacturers subindustry, Tunwal E-Motors'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.


Tunwal E-Motors Gross Margin % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tunwal E-Motors's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Tunwal E-Motors's Gross Margin % falls into.


NSE:TUNWAL
46GF Score
Tunwal E-Motors Ltd NSE:TUNWAL
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tunwal E-Motors Gross Margin % Calculation

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

Tunwal E-Motors'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 )
=528.8 / 2768.383
=(Revenue - Cost of Goods Sold) / Revenue
=(2768.383 - 2239.574) / 2768.383
=19.10 %

Tunwal E-Motors'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 )
=222.4 / 1324.513
=(Revenue - Cost of Goods Sold) / Revenue
=(1324.513 - 1102.146) / 1324.513
=16.79 %

* 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 16.79% mean?
Tunwal E-Motors (NSE:TUNWAL) has a Gross Margin % of 16.79% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Tunwal E-Motors and its competitors. This is 11% below median its historical median of 18.97. Over the past decade, Tunwal E-Motors' Gross Margin % has ranged from 9.19 to 40.01. According to the industry distribution chart, Tunwal E-Motors ranks #702 out of 1305 companies in the Vehicles & Parts industry, placing it in the top 53.8%.
Is Tunwal E-Motors' Gross Margin % too high?
Tunwal E-Motors' current Gross Margin % of 16.79% is 11% below median its 10-year median of 18.97. Over the past 10 years, this metric has ranged from a low of 9.19 to a high of 40.01. The Vehicles & Parts industry median Gross Margin % is 19.87. Tunwal E-Motors' value of 16.79% is 15.5% below this industry median. Based on the distribution chart, Tunwal E-Motors ranks #702 out of 1305 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Tunwal E-Motors has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Tunwal E-Motors' Gross Margin % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Tunwal E-Motors ranks #702 out of 1305 companies for Gross Margin %. This places Tunwal E-Motors in the lower half of its industry. The industry median Gross Margin % is 19.87. Tunwal E-Motors' value of 16.79% is 15.5% below this benchmark. Historically, Tunwal E-Motors' own Gross Margin % has ranged from 9.19 to 40.01 over the past decade. While the company's 10-year median is 18.97 vs. the industry median of 19.87, Tunwal E-Motors 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 Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 19.87, based on 1,305 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. Tunwal E-Motors's current Gross Margin % of 16.79% is 15.5% 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 Tunwal E-Motors and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 19.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tunwal E-Motors's current Gross Margin % is 16.79%, which is 11% below median its own 10-year median of 18.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tunwal E-Motors stock overvalued right now?
Tunwal E-Motors (NSE:TUNWAL) has a current Gross Margin % of 16.79%. The current Gross Margin % is 16.79%, which is 11% below median its 10-year median of 18.97 and 15.5% below the Vehicles & Parts industry median of 19.87. Tunwal E-Motors' overall GF Score™ is 46/100 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 Tunwal E-Motors (NSE:TUNWAL), the current Gross Margin % is 16.79% 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.

Tunwal E-Motors Business Description

Address Rama Icon Commercial Building, Office No 501, 5th Floor, S.No 24/2, C.T.S No. 2164, Plot No. 31/11 Sadashiv Peth, Pune, MH, IND, 411030
Tunwal E-Motors Ltd is engaged in the design, development, manufacturing, and distribution of electric two-wheelers. It has 23 models including various variants of two-wheelers. The company's products include Mini Sports 63 - 48V, Mini Lithino, Storm Zx, Lithino Li, ROMA, ALFA PRO, etc.
46GF Score

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