Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
IC Electricals CoNSE:ICELCO +1.35%17 Operating Margin % is 18.44% as of Mar. 2026, which is 29% above its 10-year median of 14.26. GuruFocus rates NSE:ICELCO with a GF Score™ of 17/100. The stock has 3 warning signs investors should review. Among 1,010 Transportation companies, IC Electricals Co ranks better than 77.82% on this metric.
The historical rank and industry rank for IC Electricals Co's Operating Margin % or its related term are showing as below:
NSE:ICELCO'
s Operating Margin % Range Over the Past 10 Years
Min: 8.16 Med: 14.26 Max: 18.44
Current: 18.44
NSE:ICELCO's Operating Margin % is ranked better than 77.82% of 1010
companies
in the Transportation industry
Industry Median: 7.02
vs NSE:ICELCO: 18.44
IC Electricals Co's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
IC Electricals Co (NSE:ICELCO) 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.
IC Electricals Co Operating Margin % Related Terms
IC Electricals Co Operating Margin % Historical Data
* Premium members only.
The historical data trend for IC Electricals Co'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.
IC Electricals Co Operating Margin % Chart
IC Electricals Co Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Operating Margin %
8.16
12.78
15.74
18.44
IC Electricals Co Semi-Annual Data
Mar23
Mar24
Mar25
Mar26
Operating Margin %
8.16
12.78
15.74
18.44
NSE:ICELCO vs UNP, CSX, NSC: Operating Margin % Comparison
For the Railroads subindustry, IC Electricals Co'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.
IC Electricals Co Operating Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, IC Electricals Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where IC Electricals Co'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.
IC Electricals Co'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.
IC Electricals Co (NSE:ICELCO) has a Operating Margin % of 18.44% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on IC Electricals Co and its competitors. This is 29% above median its historical median of 14.26. Over the past decade, IC Electricals Co's Operating Margin % has ranged from 8.16 to 18.44. According to the industry distribution chart, IC Electricals Co ranks #224 out of 1010 companies in the Transportation industry, placing it in the top 22.2%.
Is IC Electricals Co's Operating Margin % too high?
IC Electricals Co's current Operating Margin % of 18.44% is 29% above median its 10-year median of 14.26. Over the past 10 years, this metric has ranged from a low of 8.16 to a high of 18.44. The Transportation industry median Operating Margin % is 7.02. IC Electricals Co's value of 18.44% is 162.7% above this industry median. Based on the distribution chart, IC Electricals Co ranks #224 out of 1010 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, IC Electricals Co has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does IC Electricals Co's Operating Margin % compare to UNP and CSX?
According to the Transportation industry distribution chart, IC Electricals Co ranks #224 out of 1010 companies for Operating Margin %. This places IC Electricals Co in the top 22% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 7.02. IC Electricals Co's value of 18.44% is 162.7% above this benchmark. Historically, IC Electricals Co's own Operating Margin % has ranged from 8.16 to 18.44 over the past decade. While the company's 10-year median is 14.26 vs. the industry median of 7.02, IC Electricals Co 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 Transportation company?
The median Operating Margin % among Transportation companies is 7.02, based on 1,010 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. IC Electricals Co's current Operating Margin % of 18.44% is 162.7% 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 IC Electricals Co and its competitors. For the Transportation industry, the median Operating Margin % is 7.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IC Electricals Co's current Operating Margin % is 18.44%, which is 29% above median its own 10-year median of 14.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IC Electricals Co stock overvalued right now?
IC Electricals Co (NSE:ICELCO) has a current Operating Margin % of 18.44%. The current Operating Margin % is 18.44%, which is 29% above median its 10-year median of 14.26 and 162.7% above the Transportation industry median of 7.02. IC Electricals Co's overall GF Score™ is 17/100 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 IC Electricals Co (NSE:ICELCO), the current Operating Margin % is 18.44% 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.
IC Electricals Co Ltd is engaged in the business of manufacturing of electronic equipment for Railways Application. Its offerings include various electronic products such as regulators, battery chargers, emergency lights, inverters, microprocessor-based control systems, and vigilance control devices, compliant with the latest technical standards. Additionally, the company also manufactures railway components, including alternators, traction motors, and permanent magnet alternators with controllers. The majority of its revenue is derived from the sale of electronic products to government departments and ministries such as Ministry of Railways.
17GF Score
Get the complete analysis for NSE:ICELCO
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:ICELCO has been successfully added to your 
