EPW IndiaNSE:EPWINDIA +4.99%18 Operating Margin % is 15.25% as of Mar. 2026, which is 83% above its 10-year median of 8.32. GuruFocus rates NSE:EPWINDIA with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 2,472 Hardware companies, EPW India ranks better than 85.96% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. EPW India's Operating Income for the
six
months ended in Mar. 2026 was ₹97 Mil. EPW India's Revenue for the
six
months ended in Mar. 2026 was ₹634 Mil. Therefore, EPW India's Operating Margin % for the quarter that ended in Mar. 2026 was 15.25%.
The historical rank and industry rank for EPW India's Operating Margin % or its related term are showing as below:
NSE:EPWINDIA'
s Operating Margin % Range Over the Past 10 Years
Min: 1.32 Med: 8.32 Max: 14.94
Current: 14.88
NSE:EPWINDIA's Operating Margin % is ranked better than 85.96% of 2472
companies
in the Hardware industry
Industry Median: 3.81
vs NSE:EPWINDIA: 14.88
EPW India's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
EPW India's Operating Income for the
six
months ended in Mar. 2026 was ₹97 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹160 Mil.
EPW India (NSE:EPWINDIA) 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.
EPW India Operating Margin % Related Terms
EPW India Operating Margin % Historical Data
* Premium members only.
The historical data trend for EPW India'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.
EPW India Operating Margin % Chart
EPW India Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Operating Margin %
1.32
5.40
11.24
14.94
EPW India Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Mar26
Operating Margin %
0.00
0.00
11.46
14.34
15.25
NSE:EPWINDIA vs SNX, ARW, AVT: Operating Margin % Comparison
For the Electronics & Computer Distribution subindustry, EPW India'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.
EPW India Operating Margin % vs Hardware Industry
For the Hardware industry and Technology sector, EPW India's Operating Margin % distribution charts can be found below:
* The bar in red indicates where EPW India'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.
EPW India'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.
EPW India (NSE:EPWINDIA) has a Operating Margin % of 15.25% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on EPW India and its competitors. This is 83% above median its historical median of 8.32. Over the past decade, EPW India's Operating Margin % has ranged from 1.32 to 14.94. According to the industry distribution chart, EPW India ranks #347 out of 2472 companies in the Hardware industry, placing it in the top 14%.
Is EPW India's Operating Margin % too high?
EPW India's current Operating Margin % of 15.25% is 83% above median its 10-year median of 8.32. Over the past 10 years, this metric has ranged from a low of 1.32 to a high of 14.94. The Hardware industry median Operating Margin % is 3.81. EPW India's value of 15.25% is 300.3% above this industry median. Based on the distribution chart, EPW India ranks #347 out of 2472 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, EPW India has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does EPW India's Operating Margin % compare to SNX and ARW?
According to the Hardware industry distribution chart, EPW India ranks #347 out of 2472 companies for Operating Margin %. This places EPW India in the top 14% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 3.81. EPW India's value of 15.25% is 300.3% above this benchmark. Historically, EPW India's own Operating Margin % has ranged from 1.32 to 14.94 over the past decade. While the company's 10-year median is 8.32 vs. the industry median of 3.81, EPW India 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 Hardware company?
The median Operating Margin % among Hardware companies is 3.81, based on 2,472 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. EPW India's current Operating Margin % of 15.25% is 300.3% 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 EPW India and its competitors. For the Hardware industry, the median Operating Margin % is 3.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EPW India's current Operating Margin % is 15.25%, which is 83% above median its own 10-year median of 8.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EPW India stock overvalued right now?
EPW India (NSE:EPWINDIA) has a current Operating Margin % of 15.25%. The current Operating Margin % is 15.25%, which is 83% above median its 10-year median of 8.32 and 300.3% above the Hardware industry median of 3.81. EPW India's overall GF Score™ is 18/100 with 4 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 EPW India (NSE:EPWINDIA), the current Operating Margin % is 15.25% 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.
EPW India Ltd is an IT electronics refurbishing business that supplies refurbished electronic products through both direct-to-consumer and business-to-business channels. Its operations cover the end-to-end reverse supply chain for IT assets, including the procurement of used devices, refurbishment to resale condition, and distribution to end users. The product portfolio includes laptops, desktops, Chromebooks, monitors, and related accessories, which are sold through company-operated retail outlets and an online platform. The company generates revenue from sales of refurbished laptops, desktops, monitors, accessories and new IT products (laptops, desktops, etc.).
18GF Score
Get the complete analysis for NSE:EPWINDIA
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:EPWINDIA has been successfully added to your 