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National Securities DepositoryBOM:544467 +0.05%47 Operating Margin % is 16.74% as of Jun. 2026, which is 32% below its 10-year median of 24.60. GuruFocus rates BOM:544467 with a GF Score™ of 47/100. The stock has 2 warning signs investors should review. Among 669 Capital Markets companies, National Securities Depository ranks better than 60.54% on this metric.
National Securities Depository Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -9.1%.
The historical rank and industry rank for National Securities Depository's Operating Margin % or its related term are showing as below:
BOM:544467'
s Operating Margin % Range Over the Past 10 Years
Min: 20.76 Med: 24.6 Max: 40.6
Current: 22.32
BOM:544467's Operating Margin % is ranked better than 60.54% of 669
companies
in the Capital Markets industry
Industry Median: 8.38
vs BOM:544467: 22.32
National Securities Depository (BOM:544467) 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 Nokias 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.
National Securities Depository Operating Margin % Related Terms
National Securities Depository Operating Margin % Historical Data
* 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.
National Securities Depository Operating Margin % Chart
BOM:544467 vs SPGI, CME, ICE: Operating Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, National Securities Depository'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.
National Securities Depository Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, National Securities Depository's Operating Margin % distribution charts can be found below:
* The bar in red indicates where National Securities Depository's Operating Margin % falls into.
National Securities Depository 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.
* 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.
National Securities Depository (BOM:544467) has a Operating Margin % of 16.74% as of Jun. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on National Securities Depository and its competitors. This is 32% below median its historical median of 24.60. Over the past decade, National Securities Depository's Operating Margin % has ranged from 20.76 to 40.60. According to the industry distribution chart, National Securities Depository ranks #264 out of 669 companies in the Capital Markets industry, placing it in the top 39.5%.
Is National Securities Depository's Operating Margin % too high?
National Securities Depository's current Operating Margin % of 16.74% is 32% below median its 10-year median of 24.60. Over the past 10 years, this metric has ranged from a low of 20.76 to a high of 40.60. The Capital Markets industry median Operating Margin % is 8.38. National Securities Depository's value of 16.74% is 99.8% above this industry median. Based on the distribution chart, National Securities Depository ranks #264 out of 669 companies in the Capital Markets industry, which is above the industry midpoint. Overall, National Securities Depository has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does National Securities Depository's Operating Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, National Securities Depository ranks #264 out of 669 companies for Operating Margin %. This puts National Securities Depository in the upper half of its industry. The industry median Operating Margin % is 8.38. National Securities Depository's value of 16.74% is 99.8% above this benchmark. Historically, National Securities Depository's own Operating Margin % has ranged from 20.76 to 40.60 over the past decade. While the company's 10-year median is 24.60 vs. the industry median of 8.38, National Securities Depository 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 Operating Margin % for a Capital Markets company?
The median Operating Margin % among Capital Markets companies is 8.38, based on 669 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. National Securities Depository's current Operating Margin % of 16.74% is 99.8% 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 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 National Securities Depository and its competitors. For the Capital Markets industry, the median Operating Margin % is 8.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Securities Depository's current Operating Margin % is 16.74%, which is 32% below median its own 10-year median of 24.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Securities Depository stock overvalued right now?
National Securities Depository (BOM:544467) has a current Operating Margin % of 16.74%. The current Operating Margin % is 16.74%, which is 32% below median its 10-year median of 24.60 and 99.8% above the Capital Markets industry median of 8.38. National Securities Depository's overall GF Score™ is 47/100 with 2 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 National Securities Depository (BOM:544467), the current Operating Margin % is 16.74% as of Jun. 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.
National Securities Depository Ltd is a SEBI-registered market infrastructure institution (MII) that offers a wide range-of-products and services to the financial and securities markets in India. As a depository, it provides a depository framework that allows market participants to engage in the financial and securities markets in India. It also plays a central role in developing products and services that will continue to meet the growing needs of the financial services industry in India. The company's business is to provide depository services to its clients in India, including various services for investors such as dematerialization, re-materialization, holding, transfer, and pledge of securities in electronic form.
47GF Score
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