Meesho (NSE:MEESHO) Operating Margin %: -7.74% (As of Mar. 2026)


NSE:MEESHO Meesho Ltd NSE:MEESHO
22 GF Score
Price ₹189.94
! 2 Warning Signs
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What is Meesho Operating Margin %?

Meesho NSE:MEESHO +1.75% 22 Operating Margin % is -7.74% as of Mar. 2026. GuruFocus rates NSE:MEESHO with a GF Score™ of 22/100. The stock has 2 warning signs investors should review. Among 1,122 Retail - Cyclical companies, Meesho ranks worse than 90.73% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Meesho's Operating Income for the three months ended in Mar. 2026 was ₹-2,735 Mil. Meesho's Revenue for the three months ended in Mar. 2026 was ₹35,312 Mil. Therefore, Meesho's Operating Margin % for the quarter that ended in Mar. 2026 was -7.74%.

The historical rank and industry rank for Meesho's Operating Margin % or its related term are showing as below:

NSE:MEESHO' s Operating Margin % Range Over the Past 10 Years
Min: -31.74   Med: -9.55   Max: -6.52
Current: -11.68


NSE:MEESHO's Operating Margin % is ranked worse than
90.73% of 1122 companies
in the Retail - Cyclical industry
Industry Median: 3.925 vs NSE:MEESHO: -11.68

Meesho's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Meesho's Operating Income for the three months ended in Mar. 2026 was ₹-2,735 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹-8,233 Mil.


Meesho  (NSE:MEESHO) 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 Nokia’s 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.


Meesho Operating Margin % Related Terms


Meesho Operating Margin % Historical Data

* Premium members only.

The historical data trend for Meesho'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.

Meesho Operating Margin % Chart

Meesho Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Operating Margin %
-31.74 -6.97 -6.52 -12.13

Meesho Quarterly Data
Mar23 Mar24 Dec24 Mar25 Sep25 Dec25 Mar26
Operating Margin % Get a 7-Day Free Trial -5.32 -9.81 0.00 -15.63 -7.74

NSE:MEESHO vs AMZN, BABA, PDD: Operating Margin % Comparison

For the Internet Retail subindustry, Meesho'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.


Meesho Operating Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meesho's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Meesho's Operating Margin % falls into.


NSE:MEESHO
22GF Score
Meesho Ltd NSE:MEESHO
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Meesho 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.

Meesho's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=-15319.32 / 126263.48
=-12.13 %

Meesho's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=-2734.77 / 35312.12
=-7.74 %

* 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.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of -7.74% mean?
Meesho (NSE:MEESHO) has a Operating Margin % of -7.74% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Meesho and its competitors. According to the industry distribution chart, Meesho ranks #1018 out of 1122 companies in the Retail - Cyclical industry, placing it in the top 90.7%.
Is Meesho's Operating Margin % too high?
Meesho's current Operating Margin % is -7.74%. Based on the distribution chart, Meesho ranks #1018 out of 1122 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Meesho has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Meesho's Operating Margin % compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Meesho ranks #1018 out of 1122 companies for Operating Margin %. This places Meesho in the lower half of its industry. The industry median Operating Margin % is 3.93. 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 Retail - Cyclical company?
The median Operating Margin % among Retail - Cyclical companies is 3.93, based on 1,122 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. 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 Meesho and its competitors. For the Retail - Cyclical industry, the median Operating Margin % is 3.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meesho's current Operating Margin % is -7.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meesho stock overvalued right now?
Meesho (NSE:MEESHO) has a current Operating Margin % of -7.74%. The current Operating Margin % is -7.74%. Meesho's overall GF Score™ is 22/100 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 Meesho (NSE:MEESHO), the current Operating Margin % is -7.74% 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.

Meesho Business Description

Other Exchanges 544632:India
Address Outer Ring Road, Varthur Hobli, 3rd Floor, Wing - E Helios Business Park, Kadubeesanahalli Village, Bengaluru, KA, IND, 560 103
Meesho Ltd is a technology platform that integrates commerce, logistics, and content creation to support e-commerce activities under the Meesho brand. The Company also provides digital financial services by facilitating financing arrangements between non-banking financial companies and sellers to support access to credit, and it operates a supply-chain service for the delivery of groceries and other products. The Company operates through the Marketplace segment, which is a technology platform connecting consumers, sellers, logistics partners, and content creators, and the New Initiatives segment, which includes a low-cost local logistics network for daily essentials and a digital financial services platform. The majority of the Company's revenue is generated from the Marketplace segment.
22GF Score

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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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