Bhandari Hosiery ExportsNSE:BHANDARI -0.99%66 Operating Margin % is 5.85% as of Mar. 2026, which is 2% below its 10-year median of 5.98. GuruFocus rates NSE:BHANDARI with a GF Score™ of 66/100 and a GF Value™ of ₹2.76 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,042 Manufacturing - Apparel & Accessories companies, Bhandari Hosiery Exports ranks better than 66.7% on this metric.
Bhandari Hosiery Exports Ltd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Bhandari Hosiery Exports's Operating Margin % or its related term are showing as below:
NSE:BHANDARI'
s Operating Margin % Range Over the Past 10 Years
Min: 4.64 Med: 5.98 Max: 7.64
Current: 7.39
NSE:BHANDARI's Operating Margin % is ranked better than 66.7% of 1042
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.085
vs NSE:BHANDARI: 7.39
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.
Bhandari Hosiery Exports Operating Margin % Related Terms
Bhandari Hosiery Exports 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.
NSE:BHANDARI vs RL, LEVI, VFC: Operating Margin % Comparison
For the Apparel Manufacturing subindustry, Bhandari Hosiery Exports'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.
Bhandari Hosiery Exports Operating Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bhandari Hosiery Exports's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Bhandari Hosiery Exports's Operating Margin % falls into.
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.
Bhandari Hosiery Exports's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
Bhandari Hosiery Exports (NSE:BHANDARI) has a Operating Margin % of 5.85% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Bhandari Hosiery Exports and its competitors. This is near median its historical median of 5.98. Over the past decade, Bhandari Hosiery Exports' Operating Margin % has ranged from 4.64 to 7.64. According to the industry distribution chart, Bhandari Hosiery Exports ranks #347 out of 1042 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 33.3%.
Is Bhandari Hosiery Exports' Operating Margin % too high?
Bhandari Hosiery Exports' current Operating Margin % of 5.85% is near median its 10-year median of 5.98. Over the past 10 years, this metric has ranged from a low of 4.64 to a high of 7.64. The Manufacturing - Apparel & Accessories industry median Operating Margin % is 4.09. Bhandari Hosiery Exports' value of 5.85% is 43.2% above this industry median. Based on the distribution chart, Bhandari Hosiery Exports ranks #347 out of 1042 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Bhandari Hosiery Exports has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bhandari Hosiery Exports' Operating Margin % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Bhandari Hosiery Exports ranks #347 out of 1042 companies for Operating Margin %. This puts Bhandari Hosiery Exports in the upper half of its industry. The industry median Operating Margin % is 4.09. Bhandari Hosiery Exports' value of 5.85% is 43.2% above this benchmark. Historically, Bhandari Hosiery Exports' own Operating Margin % has ranged from 4.64 to 7.64 over the past decade. While the company's 10-year median is 5.98 vs. the industry median of 4.09, Bhandari Hosiery Exports 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 Manufacturing - Apparel & Accessories company?
The median Operating Margin % among Manufacturing - Apparel & Accessories companies is 4.09, based on 1,042 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. Bhandari Hosiery Exports's current Operating Margin % of 5.85% is 43.2% 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 Bhandari Hosiery Exports and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Operating Margin % is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bhandari Hosiery Exports's current Operating Margin % is 5.85%, which is near median its own 10-year median of 5.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bhandari Hosiery Exports stock overvalued right now?
Based on GuruFocus' analysis, Bhandari Hosiery Exports (NSE:BHANDARI) is currently considered Fairly Valued. The stock's GF Value™ is ₹2.76, compared to a current price of ₹3.01 — trading 9.1% above its estimated fair value. The current Operating Margin % is 5.85%, which is near median its 10-year median of 5.98 and 43.2% above the Manufacturing - Apparel & Accessories industry median of 4.09. Bhandari Hosiery Exports' 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 Bhandari Hosiery Exports (NSE:BHANDARI), the current Operating Margin % is 5.85% 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 Bhandari Hosiery Exports (NSE:BHANDARI) Overvalued in 2026?
Based on GuruFocus' analysis, Bhandari Hosiery Exports stock appears to be overvalued.
The current stock price of ₹3.01 is trading 9.1% above its estimated GF Value™ of ₹2.76.
GuruFocus considers Bhandari Hosiery Exports to be Fairly Valued.
Key valuation signals for NSE:BHANDARI:
Operating Margin %: 5.85% (near median its 10-year median of 5.98)
GF Value™: ₹2.76 vs. price of ₹3.01 (9.1% above fair value)
Industry Position: 43.2% above the Manufacturing - Apparel & Accessories median (#347 of 1042)
No single metric tells the full story. See the NSE:BHANDARI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bhandari Hosiery Exports Ltd is an India-based firm. The company is engaged in the manufacturing and distribution of textiles consisting of fabric and garments. It is engaged in dyeing, knitting, and finishing of fabrics. Its product portfolio includes products like T-shirts, pullovers, sweatshirts, bermudas, polo shirts, tracksuits, pajamas, lowers, ladies, and knitted tops with embroidery and prints. The majority of its revenue is earned from the Indian market, while it is also engaged in the export of knitted hosiery garments.
66GF Score
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