Nikhil Adhesives (BOM:526159) Operating Margin %: 5.69% (As of Mar. 2026) — 20% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:526159 Nikhil Adhesives Ltd BOM:526159
66 GF Score
Price ₹75.58
GF Value ₹100.35
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Nikhil Adhesives Operating Margin %?

Nikhil Adhesives BOM:526159 +2.51% 66 Operating Margin % is 5.69% as of Mar. 2026, which is 20% above its 10-year median of 4.74. GuruFocus rates BOM:526159 with a GF Score™ of 66/100 and a GF Value™ of ₹100.35 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,578 Chemicals companies, Nikhil Adhesives ranks worse than 55.39% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Nikhil Adhesives's Operating Income for the three months ended in Mar. 2026 was ₹94 Mil. Nikhil Adhesives's Revenue for the three months ended in Mar. 2026 was ₹1,660 Mil. Therefore, Nikhil Adhesives's Operating Margin % for the quarter that ended in Mar. 2026 was 5.69%.

The historical rank and industry rank for Nikhil Adhesives's Operating Margin % or its related term are showing as below:

BOM:526159' s Operating Margin % Range Over the Past 10 Years
Min: 3.16   Med: 4.74   Max: 5.48
Current: 5.06


BOM:526159's Operating Margin % is ranked worse than
55.39% of 1578 companies
in the Chemicals industry
Industry Median: 6.03 vs BOM:526159: 5.06

Nikhil Adhesives's 5-Year Average Operating Margin % Growth Rate was -1.00% per year.

Nikhil Adhesives's Operating Income for the three months ended in Mar. 2026 was ₹94 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹280 Mil.


Nikhil Adhesives  (BOM:526159) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Nikhil Adhesives Operating Margin % Related Terms


Nikhil Adhesives Operating Margin % Historical Data

* Premium members only.

The historical data trend for Nikhil Adhesives's Operating 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.

Nikhil Adhesives Operating Margin % Chart

Nikhil Adhesives Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.89 4.58 4.36 5.03 5.06

Nikhil Adhesives Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating 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 5.15 5.16 4.87 4.37 5.69

BOM:526159 vs LIN, SHW, ECL: Operating Margin % Comparison

For the Specialty Chemicals subindustry, Nikhil Adhesives's Operating Margin %, along with its competitors' market caps and Operating 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.


Nikhil Adhesives Operating Margin % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nikhil Adhesives's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Nikhil Adhesives's Operating Margin % falls into.


BOM:526159
66GF Score
Nikhil Adhesives Ltd BOM:526159
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nikhil Adhesives Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Nikhil Adhesives's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=280.191 / 5535.535
=5.06 %

Nikhil Adhesives's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=94.49 / 1659.55
=5.69 %

* 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 Operating Margin % →
What does a Operating Margin % of 5.69% mean?
Nikhil Adhesives (BOM:526159) has a Operating Margin % of 5.69% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Nikhil Adhesives and its competitors. This is 20% above median its historical median of 4.74. Over the past decade, Nikhil Adhesives' Operating Margin % has ranged from 3.16 to 5.48. According to the industry distribution chart, Nikhil Adhesives ranks #874 out of 1578 companies in the Chemicals industry, placing it in the top 55.4%.
Is Nikhil Adhesives' Operating Margin % too high?
Nikhil Adhesives' current Operating Margin % of 5.69% is 20% above median its 10-year median of 4.74. Over the past 10 years, this metric has ranged from a low of 3.16 to a high of 5.48. The Chemicals industry median Operating Margin % is 6.03. Nikhil Adhesives' value of 5.69% is 5.6% below this industry median. Based on the distribution chart, Nikhil Adhesives ranks #874 out of 1578 companies in the Chemicals industry, which is below the industry midpoint. Overall, Nikhil Adhesives has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nikhil Adhesives' Operating Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nikhil Adhesives ranks #874 out of 1578 companies for Operating Margin %. This places Nikhil Adhesives in the lower half of its industry. The industry median Operating Margin % is 6.03. Nikhil Adhesives' value of 5.69% is 5.6% below this benchmark. Historically, Nikhil Adhesives' own Operating Margin % has ranged from 3.16 to 5.48 over the past decade. While the company's 10-year median is 4.74 vs. the industry median of 6.03, Nikhil Adhesives 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 Operating Margin % for a Chemicals company?
The median Operating Margin % among Chemicals companies is 6.03, based on 1,578 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nikhil Adhesives's current Operating Margin % of 5.69% is 5.6% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Nikhil Adhesives and its competitors. For the Chemicals industry, the median Operating Margin % is 6.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikhil Adhesives's current Operating Margin % is 5.69%, which is 20% above median its own 10-year median of 4.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikhil Adhesives stock overvalued right now?
Based on GuruFocus' analysis, Nikhil Adhesives (BOM:526159) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹100.35, compared to a current price of ₹75.58 — trading 24.7% below its estimated fair value. The current Operating Margin % is 5.69%, which is 20% above median its 10-year median of 4.74 and 5.6% below the Chemicals industry median of 6.03. Nikhil Adhesives' overall GF Score™ is 66/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Nikhil Adhesives (BOM:526159), the current Operating Margin % is 5.69% 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 Nikhil Adhesives (BOM:526159) Overvalued in 2026?

Based on GuruFocus' analysis, Nikhil Adhesives stock appears to be undervalued. The current stock price of ₹75.58 is trading 24.7% below its estimated GF Value™ of ₹100.35. GuruFocus considers Nikhil Adhesives to be Modestly Undervalued.

Key valuation signals for BOM:526159:

  • Operating Margin %: 5.69% (20% above median its 10-year median of 4.74)
  • GF Value™: ₹100.35 vs. price of ₹75.58 (24.7% below fair value)
  • GF Score™: 66/100 with 3 warning signs
  • Industry Position: 5.6% below the Chemicals median (#874 of 1578)

No single metric tells the full story. See the BOM:526159 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nikhil Adhesives Business Description

Address Sahar Road, Kaledonia HDIL Building, 902, 9th Floor, A-Wing, Opposite D-Mart, Andheri (East), Mumbai, MH, IND, 400069
Nikhil Adhesives Ltd is an India-based company engaged in the manufacturing and trading of polymer emulsions and adhesives. The products of the company include paint emulsions, textile emulsions, construction chemicals, and adhesives. The brands of the company are Mahacol, Emdicryl, Mahafix, Emdilith, Emditex, and Emdibind. The company operates in two business segments namely, Manufacturing of Adhesives and emulsions, which is the key revenue generator; and Trading in chemicals segment.
66GF Score

Get the complete analysis for BOM:526159

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

₹75.58
Price
₹100.35
GF Value