NVL (Novelis) Net Margin %: 4.07% (As of Mar. 2024)


What is Novelis Net Margin %?

Novelis NVL Net Margin % is 4.07% as of Mar. 2024.

Net margin is calculated as Net Income divided by its Revenue. Novelis's Net Income for the three months ended in Mar. 2024 was $166.00 Mil. Novelis's Revenue for the three months ended in Mar. 2024 was $4,077.00 Mil. Therefore, Novelis's net margin for the quarter that ended in Mar. 2024 was 4.07%.

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


NVL's Net Margin % is not ranked *
in the Metals & Mining industry.
Industry Median: 3.41
* Ranked among companies with meaningful Net Margin % only.

Novelis  (NYSE:NVL) 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.

Novelis Net Margin % Related Terms

Novelis Net Margin % Historical Data

* Premium members only.

The historical data trend for Novelis'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.

Novelis Net Margin % Chart

Novelis Annual Data
Trend Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar23 Mar24
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.06 1.06 1.33 3.56 3.70

Novelis Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 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 3.55 3.81 3.82 3.07 4.07

NVL vs : Net Margin % Comparison

For the Aluminum subindustry, Novelis'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.

Novelis Net Margin % vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Novelis's Net Margin % distribution charts can be found below:

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


Novelis 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.

Novelis'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 )
=600/16210
=3.70 %

Novelis'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 )
=166/4077
=4.07 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 4.07% mean?
Novelis (NVL) has a Net Margin % of 4.07% as of Mar. 2024. Net margin is the ratio of total net income to net sales. View historical data on Novelis and its competitors.
Is Novelis' Net Margin % too high?
Novelis' current Net Margin % is 4.07%. The Metals & Mining industry median Net Margin % is 3.41. Novelis' value of 4.07% is 19.4% above this industry median.
How does Novelis' Net Margin % compare to ?
Novelis' Net Margin % of 4.07% can be compared against companies in the Metals & Mining industry. The industry median Net Margin % is 3.41. Novelis' value of 4.07% is 19.4% above this benchmark. 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 Metals & Mining company?
The median Net Margin % among Metals & Mining companies is 3.41, based on 843 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. Novelis's current Net Margin % of 4.07% is 19.4% 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 Novelis and its competitors. For the Metals & Mining industry, the median Net Margin % is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novelis's current Net Margin % is 4.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novelis stock overvalued right now?
Novelis (NVL) has a current Net Margin % of 4.07%. The current Net Margin % is 4.07% and 19.4% above the Metals & Mining industry median of 3.41. 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 Novelis (NVL), the current Net Margin % is 4.07% as of Mar. 2024. 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.

Novelis Business Description

Comparable Companies
Address 3560 Lenox Road, Suite 2000, Atlanta, GA, USA, 30326
Novelis Inc is aluminum rolled product producer, with operations on four continents. It acquires and recycles aluminum and processes it into semifinished coils in various tempers, gauges, and widths. Company has four geographical segment North America, Europe, Asia, and South America. Each segment manufactures aluminum sheet and light gauge products and recycles aluminum, while Asia and Europe segments also produce aerospace and industries.