Varvee GlobalNSE:VGL -0.27%49 Gross Margin % is 32.46% as of Mar. 2026, which is 3% below its 10-year median of 33.41. GuruFocus rates NSE:VGL with a GF Score™ of 49/100 and a GF Value™ of ₹22.88 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,024 Manufacturing - Apparel & Accessories companies, Varvee Global ranks better than 90.62% on this metric.
The historical rank and industry rank for Varvee Global's Gross Margin % or its related term are showing as below:
NSE:VGL'
s Gross Margin % Range Over the Past 10 Years
Min: -103.32 Med: 33.41 Max: 65.11
Current: 62.68
During the past 13 years, the highestGross Margin % of Varvee Global was 65.11%. The lowest was -103.32%. And the median was 33.41%.
NSE:VGL's Gross Margin % is ranked better than 90.62% of 1024
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 28.415
vs NSE:VGL: 62.68
Varvee Global had a gross margin of 32.46% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Varvee Global was 0.00% per year.
Varvee Global (NSE:VGL) 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
Varvee Global had a gross margin of 32.46% 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.
Varvee Global Gross Margin % Related Terms
Varvee Global Gross Margin % Historical Data
* Premium members only.
The historical data trend for Varvee Global'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.
Varvee Global Gross Margin % Competitor Comparison
For the Textile Manufacturing subindustry, Varvee Global'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.
Varvee Global Gross Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Varvee Global's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Varvee Global'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.
Varvee Global (NSE:VGL) has a Gross Margin % of 32.46% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Varvee Global and its competitors. This is near median its historical median of 33.41. According to the industry distribution chart, Varvee Global ranks #96 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 9.4%.
Is Varvee Global's Gross Margin % too high?
Varvee Global's current Gross Margin % of 32.46% is near median its 10-year median of 33.41. The Manufacturing - Apparel & Accessories industry median Gross Margin % is 28.42. Varvee Global's value of 32.46% is 14.2% above this industry median. Based on the distribution chart, Varvee Global ranks #96 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Varvee Global has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Varvee Global's Gross Margin % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Varvee Global ranks #96 out of 1024 companies for Gross Margin %. This places Varvee Global in the top 9% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 28.42. Varvee Global's value of 32.46% is 14.2% above this benchmark. While the company's 10-year median is 33.41 vs. the industry median of 28.42, Varvee Global 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 Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.42, based on 1,024 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. Varvee Global's current Gross Margin % of 32.46% is 14.2% 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 Varvee Global and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Varvee Global's current Gross Margin % is 32.46%, which is near median its own 10-year median of 33.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Varvee Global stock overvalued right now?
Based on GuruFocus' analysis, Varvee Global (NSE:VGL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹22.88, compared to a current price of ₹63.61 — trading 178% above its estimated fair value. The current Gross Margin % is 32.46%, which is near median its 10-year median of 33.41 and 14.2% above the Manufacturing - Apparel & Accessories industry median of 28.42. Varvee Global's overall GF Score™ is 49/100 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 Varvee Global (NSE:VGL), the current Gross Margin % is 32.46% 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 Varvee Global (NSE:VGL) Overvalued in 2026?
Based on GuruFocus' analysis, Varvee Global stock appears to be overvalued.
The current stock price of ₹63.61 is trading 178% above its estimated GF Value™ of ₹22.88.
GuruFocus considers Varvee Global to be Significantly Overvalued.
Key valuation signals for NSE:VGL:
Gross Margin %: 32.46% (near median its 10-year median of 33.41)
GF Value™: ₹22.88 vs. price of ₹63.61 (178% above fair value)
Industry Position: 14.2% above the Manufacturing - Apparel & Accessories median (#96 of 1024)
No single metric tells the full story. See the NSE:VGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Varvee Global Ltd is engaged in the manufacturing and selling of denim and non-denim Fabrics. The company caters to both domestic and international markets. Geographically, the company derives a majority of its revenue from India.
49GF Score
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