Speb AdhesivesNSE:SPEB +2.29%21 Net Margin % is 12.46% as of Mar. 2026, which is 8% above its 10-year median of 11.58. GuruFocus rates NSE:SPEB with a GF Score™ of 21/100. The stock has 4 warning signs investors should review. Among 1,581 Chemicals companies, Speb Adhesives ranks better than 85.77% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Speb Adhesives's Net Income for the
six
months ended in Mar. 2026 was ₹32.1 Mil. Speb Adhesives's Revenue for the
six
months ended in Mar. 2026 was ₹258.0 Mil. Therefore, Speb Adhesives's net margin for the quarter that ended in Mar. 2026 was 12.46%.
The historical rank and industry rank for Speb Adhesives's Net Margin % or its related term are showing as below:
NSE:SPEB'
s Net Margin % Range Over the Past 10 Years
Min: 4.77 Med: 11.58 Max: 13.58
Current: 13.58
NSE:SPEB's Net Margin % is ranked better than 85.77% of 1581
companies
in the Chemicals industry
Industry Median: 3.89
vs NSE:SPEB: 13.58
Speb Adhesives (NSE:SPEB) 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.
Speb Adhesives Net Margin % Related Terms
Speb Adhesives Net Margin % Historical Data
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The historical data trend for Speb Adhesives'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.
NSE:SPEB vs LIN, SHW, ECL: Net Margin % Comparison
For the Specialty Chemicals subindustry, Speb Adhesives'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.
Speb Adhesives Net Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Speb Adhesives's Net Margin % distribution charts can be found below:
* The bar in red indicates where Speb Adhesives's Net 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.
Speb Adhesives (NSE:SPEB) has a Net Margin % of 12.46% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Speb Adhesives and its competitors. This is near median its historical median of 11.58. Over the past decade, Speb Adhesives' Net Margin % has ranged from 4.77 to 13.58. According to the industry distribution chart, Speb Adhesives ranks #225 out of 1581 companies in the Chemicals industry, placing it in the top 14.2%.
Is Speb Adhesives' Net Margin % too high?
Speb Adhesives' current Net Margin % of 12.46% is near median its 10-year median of 11.58. Over the past 10 years, this metric has ranged from a low of 4.77 to a high of 13.58. The Chemicals industry median Net Margin % is 3.89. Speb Adhesives' value of 12.46% is 220.3% above this industry median. Based on the distribution chart, Speb Adhesives ranks #225 out of 1581 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Speb Adhesives has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Speb Adhesives' Net Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Speb Adhesives ranks #225 out of 1581 companies for Net Margin %. This places Speb Adhesives in the top 14% of its industry — outperforming the majority of peers. The industry median Net Margin % is 3.89. Speb Adhesives' value of 12.46% is 220.3% above this benchmark. Historically, Speb Adhesives' own Net Margin % has ranged from 4.77 to 13.58 over the past decade. While the company's 10-year median is 11.58 vs. the industry median of 3.89, Speb Adhesives 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 Net Margin % for a Chemicals company?
The median Net Margin % among Chemicals companies is 3.89, based on 1,581 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Speb Adhesives's current Net Margin % of 12.46% is 220.3% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Speb Adhesives and its competitors. For the Chemicals industry, the median Net Margin % is 3.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Speb Adhesives's current Net Margin % is 12.46%, which is near median its own 10-year median of 11.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Speb Adhesives stock overvalued right now?
Speb Adhesives (NSE:SPEB) has a current Net Margin % of 12.46%. The current Net Margin % is 12.46%, which is near median its 10-year median of 11.58 and 220.3% above the Chemicals industry median of 3.89. Speb Adhesives' overall GF Score™ is 21/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Speb Adhesives (NSE:SPEB), the current Net Margin % is 12.46% 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.
Speb Adhesives Ltd is engaged in the manufacturing of solvent-based synthetic rubber adhesives and offers water-based adhesives. The company focuses on in-house manufacturing of solvent-based adhesives, with water-based adhesives being produced on a contractual manufacturing basis. Its product portfolio includes various products customized for industrial and retail applications, such as multi-purpose adhesives, spray-grade adhesives, premium bonding adhesives, Ducting and Insulation adhesives, woodworking adhesives, footwear-grade adhesives, and adhesives used in Generator Sets. The company operates a B2B model through three business channels: dealer-distribution network, industrial sales, and government supply contracts. It generates the majority of its revenue from overseas markets.
21GF Score
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