V-Marc India (NSE:VMARCIND) Gross Margin %: 20.65% (As of Mar. 2026) — Near Median


NSE:VMARCIND V-Marc India Ltd NSE:VMARCIND
73 GF Score
Price ₹1,546.35
GF Value ₹910.24
Valuation Significantly Overvalued
! 5 Warning Signs
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What is V-Marc India Gross Margin %?

V-Marc India NSE:VMARCIND -0.89% 73 Gross Margin % is 20.65% as of Mar. 2026, which is 9% above its 10-year median of 18.91. GuruFocus rates NSE:VMARCIND with a GF Score™ of 73/100 and a GF Value™ of ₹910.24 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,996 Industrial Products companies, V-Marc India ranks worse than 65.29% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. V-Marc India's Gross Profit for the six months ended in Mar. 2026 was ₹2,283 Mil. V-Marc India's Revenue for the six months ended in Mar. 2026 was ₹11,058 Mil. Therefore, V-Marc India's Gross Margin % for the quarter that ended in Mar. 2026 was 20.65%.


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

NSE:VMARCIND' s Gross Margin % Range Over the Past 10 Years
Min: 12.89   Med: 18.91   Max: 23.06
Current: 21.38


During the past 9 years, the highest Gross Margin % of V-Marc India was 23.06%. The lowest was 12.89%. And the median was 18.91%.

NSE:VMARCIND's Gross Margin % is ranked worse than
65.29% of 2996 companies
in the Industrial Products industry
Industry Median: 26.8 vs NSE:VMARCIND: 21.38

V-Marc India had a gross margin of 20.65% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for V-Marc India was 3.50% per year.


V-Marc India  (NSE:VMARCIND) 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

V-Marc India had a gross margin of 20.65% 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.


V-Marc India Gross Margin % Related Terms


V-Marc India Gross Margin % Historical Data

* Premium members only.

The historical data trend for V-Marc 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.

V-Marc India Gross Margin % Chart

V-Marc India Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only 18.97 19.43 18.91 23.06 21.38

V-Marc India Semi-Annual Data
Mar18 Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 17.70 21.85 23.81 22.56 20.65

NSE:VMARCIND vs VRT, BE: Gross Margin % Comparison

For the Electrical Equipment & Parts subindustry, V-Marc 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.


V-Marc India Gross Margin % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, V-Marc India's Gross Margin % distribution charts can be found below:

* The bar in red indicates where V-Marc India's Gross Margin % falls into.


NSE:VMARCIND
73GF Score
V-Marc India Ltd NSE:VMARCIND
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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V-Marc India Gross Margin % Calculation

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

V-Marc 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 )
=3843.3 / 17973.097
=(Revenue - Cost of Goods Sold) / Revenue
=(17973.097 - 14129.769) / 17973.097
=21.38 %

V-Marc 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 )
=2283.2 / 11057.648
=(Revenue - Cost of Goods Sold) / Revenue
=(11057.648 - 8774.482) / 11057.648
=20.65 %

* 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 20.65% mean?
V-Marc India (NSE:VMARCIND) has a Gross Margin % of 20.65% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on V-Marc India and its competitors. This is near median its historical median of 18.91. Over the past decade, V-Marc India's Gross Margin % has ranged from 12.89 to 23.06. According to the industry distribution chart, V-Marc India ranks #1956 out of 2996 companies in the Industrial Products industry, placing it in the top 65.3%.
Is V-Marc India's Gross Margin % too high?
V-Marc India's current Gross Margin % of 20.65% is near median its 10-year median of 18.91. Over the past 10 years, this metric has ranged from a low of 12.89 to a high of 23.06. The Industrial Products industry median Gross Margin % is 26.80. V-Marc India's value of 20.65% is 22.9% below this industry median. Based on the distribution chart, V-Marc India ranks #1956 out of 2996 companies in the Industrial Products industry, which is below the industry midpoint. Overall, V-Marc India has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does V-Marc India's Gross Margin % compare to VRT and BE?
According to the Industrial Products industry distribution chart, V-Marc India ranks #1956 out of 2996 companies for Gross Margin %. This places V-Marc India in the lower half of its industry. The industry median Gross Margin % is 26.80. V-Marc India's value of 20.65% is 22.9% below this benchmark. Historically, V-Marc India's own Gross Margin % has ranged from 12.89 to 23.06 over the past decade. While the company's 10-year median is 18.91 vs. the industry median of 26.80, V-Marc India 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 an Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.80, based on 2,996 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. V-Marc India's current Gross Margin % of 20.65% is 22.9% 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 V-Marc India and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. V-Marc India's current Gross Margin % is 20.65%, which is near median its own 10-year median of 18.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is V-Marc India stock overvalued right now?
Based on GuruFocus' analysis, V-Marc India (NSE:VMARCIND) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹910.24, compared to a current price of ₹1,546.35 — trading 69.9% above its estimated fair value. The current Gross Margin % is 20.65%, which is near median its 10-year median of 18.91 and 22.9% below the Industrial Products industry median of 26.80. V-Marc India's overall GF Score™ is 73/100 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 V-Marc India (NSE:VMARCIND), the current Gross Margin % is 20.65% 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 V-Marc India (NSE:VMARCIND) Overvalued in 2026?

Based on GuruFocus' analysis, V-Marc India stock appears to be overvalued. The current stock price of ₹1,546.35 is trading 69.9% above its estimated GF Value™ of ₹910.24. GuruFocus considers V-Marc India to be Significantly Overvalued.

Key valuation signals for NSE:VMARCIND:

  • Gross Margin %: 20.65% (near median its 10-year median of 18.91)
  • GF Value™: ₹910.24 vs. price of ₹1,546.35 (69.9% above fair value)
  • GF Score™: 73/100 with 5 warning signs
  • Industry Position: 22.9% below the Industrial Products median (#1956 of 2996)

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


V-Marc India Business Description

Address Plot No. 3, 4, 18, 20A, Sector IIDC, SIDCUL, Haridwar, UT, IND, 249403
V-Marc India Ltd is engaged in the business of manufacturing and marketing wires and cables under the brand name of V-Marc. The company manufactures and sells a diversified range of wires and cables such as single & multistrand cables, LAN cables, coaxial cables, CCTV cables, telephone switchboard cables, power cables, core flat cables, solar cables, aerial bunched cables, and others. It is a Specialised Control and instrumentation cable company offering a wide range of cable products to multiple industries. Geographically, it operates in India.
73GF Score

Get the complete analysis for NSE:VMARCIND

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

₹1,546.35
Price
₹910.24
GF Value