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Solitaire Machine Tools (BOM:522152) Net Margin % : 10.07% (As of Mar. 2024)


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What is Solitaire Machine Tools Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Solitaire Machine Tools's Net Income for the three months ended in Mar. 2024 was ₹6.7 Mil. Solitaire Machine Tools's Revenue for the three months ended in Mar. 2024 was ₹66.2 Mil. Therefore, Solitaire Machine Tools's net margin for the quarter that ended in Mar. 2024 was 10.07%.

The historical rank and industry rank for Solitaire Machine Tools's Net Margin % or its related term are showing as below:

BOM:522152' s Net Margin % Range Over the Past 10 Years
Min: 5   Med: 8.44   Max: 11.37
Current: 8.65


BOM:522152's Net Margin % is ranked better than
68.26% of 2968 companies
in the Industrial Products industry
Industry Median: 5.215 vs BOM:522152: 8.65

Solitaire Machine Tools Net Margin % Historical Data

The historical data trend for Solitaire Machine Tools's Net 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.

* Premium members only.

Solitaire Machine Tools Net Margin % Chart

Solitaire Machine Tools Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.39 8.27 9.09 8.54 8.65

Solitaire Machine Tools Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net 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 7.89 19.36 6.02 6.37 10.07

Competitive Comparison of Solitaire Machine Tools's Net Margin %

For the Tools & Accessories subindustry, Solitaire Machine Tools's Net Margin %, along with its competitors' market caps and Net 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.


Solitaire Machine Tools's Net Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Solitaire Machine Tools's Net Margin % distribution charts can be found below:

* The bar in red indicates where Solitaire Machine Tools's Net Margin % falls into.



Solitaire Machine Tools Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Solitaire Machine Tools's Net Margin for the fiscal year that ended in Mar. 2024 is calculated as

Net Margin=Net Income (A: Mar. 2024 )/Revenue (A: Mar. 2024 )
=18.043/208.64
=8.65 %

Solitaire Machine Tools's Net Margin for the quarter that ended in Mar. 2024 is calculated as

Net Margin=Net Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=6.664/66.158
=10.07 %

* 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.


Solitaire Machine Tools  (BOM:522152) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Solitaire Machine Tools Net Margin % Related Terms

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Solitaire Machine Tools (BOM:522152) Business Description

Traded in Other Exchanges
N/A
Address
A-24/25, Krishna Industrial Estate, Gorwa, Vadodara, GJ, IND, 390016
Solitaire Machine Tools Ltd manufactures precision centerless grinders. The company has one reportable segment namely Centerless Grinding Machine & Spares parts & Accessories. The firm also offers CNC products, including precision servo infeed attachments, servo drives for regulating wheels, two-axis CNC grinding wheel dressers, and diamond roll dressers for grinding wheels, as well as two, three, four, and five-axis CNC grinder controls. The company also provides remanufacturing and CNC retrofitting services for grinders. Its centerless grinders are used in the industry like an automobile, automobile ancillaries, textiles machinery, steel industry, and bearing industry.

Solitaire Machine Tools (BOM:522152) Headlines

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