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Vera Synthetic (NSE:VERA) Net Margin % : 11.46% (As of Mar. 2024)


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What is Vera Synthetic Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Vera Synthetic's Net Income for the six months ended in Mar. 2024 was ₹20.4 Mil. Vera Synthetic's Revenue for the six months ended in Mar. 2024 was ₹178.3 Mil. Therefore, Vera Synthetic's net margin for the quarter that ended in Mar. 2024 was 11.46%.

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

NSE:VERA' s Net Margin % Range Over the Past 10 Years
Min: 0.2   Med: 4.52   Max: 6.6
Current: 4.56


NSE:VERA's Net Margin % is ranked better than
60.54% of 1039 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.75 vs NSE:VERA: 4.56

Vera Synthetic Net Margin % Historical Data

The historical data trend for Vera Synthetic'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.

Vera Synthetic Net Margin % Chart

Vera Synthetic 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 5.55 6.60 5.62 4.47 4.56

Vera Synthetic Semi-Annual Data
Mar13 Mar14 Mar15 Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 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 8.09 5.54 3.47 -1.15 11.46

Competitive Comparison of Vera Synthetic's Net Margin %

For the Textile Manufacturing subindustry, Vera Synthetic'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.


Vera Synthetic's Net Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Vera Synthetic's Net Margin % distribution charts can be found below:

* The bar in red indicates where Vera Synthetic's Net Margin % falls into.



Vera Synthetic 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.

Vera Synthetic'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 )
=17.96/393.807
=4.56 %

Vera Synthetic'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 )
=20.436/178.273
=11.46 %

* 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.


Vera Synthetic  (NSE:VERA) 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.


Vera Synthetic Net Margin % Related Terms

Thank you for viewing the detailed overview of Vera Synthetic's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Vera Synthetic Business Description

Traded in Other Exchanges
N/A
Address
Dairy Road, Devubag, Office Number Upper Level (UL) - 27, Pattani Plaza, Nilam Baug, Bhavnagar, GJ, IND, 364002
Vera Synthetic Ltd is engaged in the manufacturing of fishing nets ropes and twine yarn. It has also diversified its portfolio into plastic engineering products. It manufactures and markets its product under the brand name Sujlon. Its product portfolio includes Fishing Nets, Fishing Ropes, Mono Twine, Mono Yarn, Plastic Graunals, and Polypropylene PP among others. Geographically, it operates only in India.