JSW DuluxNSE:JSWDULUX -0.90%76 Operating Margin % is 12.10% as of Mar. 2026, which is 10% above its 10-year median of 11.05. GuruFocus rates NSE:JSWDULUX with a GF Score™ of 76/100 and a GF Value™ of ₹2,943.08 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,584 Chemicals companies, JSW Dulux ranks better than 73.93% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. JSW Dulux's Operating Income for the
three
months ended in Mar. 2026 was ₹1,069 Mil. JSW Dulux's Revenue for the
three
months ended in Mar. 2026 was ₹8,833 Mil. Therefore, JSW Dulux's Operating Margin % for the quarter that ended in Mar. 2026 was 12.10%.
Good Sign:
JSW Dulux Ltd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for JSW Dulux's Operating Margin % or its related term are showing as below:
NSE:JSWDULUX'
s Operating Margin % Range Over the Past 10 Years
Min: 8.57 Med: 11.05 Max: 13.75
Current: 11.96
NSE:JSWDULUX's Operating Margin % is ranked better than 73.93% of 1584
companies
in the Chemicals industry
Industry Median: 6.025
vs NSE:JSWDULUX: 11.96
JSW Dulux's 5-Year Average Operating Margin % Growth Rate was 3.40% per year.
JSW Dulux's Operating Income for the
three
months ended in Mar. 2026 was ₹1,069 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹4,332 Mil.
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.
JSW Dulux Operating Margin % Related Terms
JSW Dulux Operating Margin % Historical Data
* Premium members only.
The historical data trend for JSW Dulux'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.
NSE:JSWDULUX vs LIN, SHW, ECL: Operating Margin % Comparison
For the Specialty Chemicals subindustry, JSW Dulux'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.
JSW Dulux Operating Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, JSW Dulux's Operating Margin % distribution charts can be found below:
* The bar in red indicates where JSW Dulux'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.
JSW Dulux'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.
JSW Dulux (NSE:JSWDULUX) has a Operating Margin % of 12.10% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on JSW Dulux and its competitors. This is 10% above median its historical median of 11.05. Over the past decade, JSW Dulux's Operating Margin % has ranged from 8.57 to 13.75. According to the industry distribution chart, JSW Dulux ranks #413 out of 1584 companies in the Chemicals industry, placing it in the top 26.1%.
Is JSW Dulux's Operating Margin % too high?
JSW Dulux's current Operating Margin % of 12.10% is 10% above median its 10-year median of 11.05. Over the past 10 years, this metric has ranged from a low of 8.57 to a high of 13.75. The Chemicals industry median Operating Margin % is 6.03. JSW Dulux's value of 12.10% is 100.8% above this industry median. Based on the distribution chart, JSW Dulux ranks #413 out of 1584 companies in the Chemicals industry, which is above the industry midpoint. Overall, JSW Dulux has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does JSW Dulux's Operating Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, JSW Dulux ranks #413 out of 1584 companies for Operating Margin %. This puts JSW Dulux in the upper half of its industry. The industry median Operating Margin % is 6.03. JSW Dulux's value of 12.10% is 100.8% above this benchmark. Historically, JSW Dulux's own Operating Margin % has ranged from 8.57 to 13.75 over the past decade. While the company's 10-year median is 11.05 vs. the industry median of 6.03, JSW Dulux 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 Chemicals company?
The median Operating Margin % among Chemicals companies is 6.03, based on 1,584 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. JSW Dulux's current Operating Margin % of 12.10% is 100.8% 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 JSW Dulux 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. JSW Dulux's current Operating Margin % is 12.10%, which is 10% above median its own 10-year median of 11.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSW Dulux stock overvalued right now?
Based on GuruFocus' analysis, JSW Dulux (NSE:JSWDULUX) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,943.08, compared to a current price of ₹3,199.10 — trading 8.7% above its estimated fair value. The current Operating Margin % is 12.10%, which is 10% above median its 10-year median of 11.05 and 100.8% above the Chemicals industry median of 6.03. JSW Dulux's overall GF Score™ is 76/100 with 6 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 JSW Dulux (NSE:JSWDULUX), the current Operating Margin % is 12.10% 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 JSW Dulux (NSE:JSWDULUX) Overvalued in 2026?
Based on GuruFocus' analysis, JSW Dulux stock appears to be overvalued.
The current stock price of ₹3,199.10 is trading 8.7% above its estimated GF Value™ of ₹2,943.08.
GuruFocus considers JSW Dulux to be Fairly Valued.
Key valuation signals for NSE:JSWDULUX:
Operating Margin %: 12.10% (10% above median its 10-year median of 11.05)
GF Value™: ₹2,943.08 vs. price of ₹3,199.10 (8.7% above fair value)
Industry Position: 100.8% above the Chemicals median (#413 of 1584)
No single metric tells the full story. See the NSE:JSWDULUX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JSW Dulux Ltd is engaged in the business of manufacturing, trading and selling paints and related products. The Company is principally engaged in the manufacturing of paints, coatings and allied products in India. It operates through the Paints segment. The Company generates maximum revenue from Domestic operations and also has Overseas operations.
76GF Score
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