Speb AdhesivesNSE:SPEB +2.29%21 Operating Margin % is 14.64% as of Mar. 2026, which is 1% above its 10-year median of 14.44. GuruFocus rates NSE:SPEB with a GF Score™ of 21/100. The stock has 4 warning signs investors should review. Among 1,580 Chemicals companies, Speb Adhesives ranks better than 86.52% on this metric.
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.
Speb Adhesives Operating Margin % Related Terms
Speb Adhesives Operating Margin % Historical Data
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The historical data trend for Speb Adhesives'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:SPEB vs LIN, SHW, ECL: Operating Margin % Comparison
For the Specialty Chemicals subindustry, Speb Adhesives'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.
Speb Adhesives Operating Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Speb Adhesives's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Speb Adhesives'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.
Speb Adhesives'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.
Speb Adhesives (NSE:SPEB) has a Operating Margin % of 14.64% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Speb Adhesives and its competitors. This is near median its historical median of 14.44. Over the past decade, Speb Adhesives' Operating Margin % has ranged from 5.52 to 16.65. According to the industry distribution chart, Speb Adhesives ranks #213 out of 1580 companies in the Chemicals industry, placing it in the top 13.5%.
Is Speb Adhesives' Operating Margin % too high?
Speb Adhesives' current Operating Margin % of 14.64% is near median its 10-year median of 14.44. Over the past 10 years, this metric has ranged from a low of 5.52 to a high of 16.65. The Chemicals industry median Operating Margin % is 6.02. Speb Adhesives' value of 14.64% is 143.4% above this industry median. Based on the distribution chart, Speb Adhesives ranks #213 out of 1580 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Speb Adhesives has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Speb Adhesives' Operating Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Speb Adhesives ranks #213 out of 1580 companies for Operating Margin %. This places Speb Adhesives in the top 14% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 6.02. Speb Adhesives' value of 14.64% is 143.4% above this benchmark. Historically, Speb Adhesives' own Operating Margin % has ranged from 5.52 to 16.65 over the past decade. While the company's 10-year median is 14.44 vs. the industry median of 6.02, Speb Adhesives 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 6.02, based on 1,580 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. Speb Adhesives's current Operating Margin % of 14.64% is 143.4% 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 Speb Adhesives and its competitors. For the Chemicals industry, the median Operating Margin % is 6.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Speb Adhesives's current Operating Margin % is 14.64%, which is near median its own 10-year median of 14.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Speb Adhesives stock overvalued right now?
Speb Adhesives (NSE:SPEB) has a current Operating Margin % of 14.64%. The current Operating Margin % is 14.64%, which is near median its 10-year median of 14.44 and 143.4% above the Chemicals industry median of 6.02. Speb Adhesives' overall GF Score™ is 21/100 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 Speb Adhesives (NSE:SPEB), the current Operating Margin % is 14.64% 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.
Speb Adhesives Ltd is engaged in the manufacturing of solvent-based synthetic rubber adhesives and offers water-based adhesives. The company focuses on in-house manufacturing of solvent-based adhesives, with water-based adhesives being produced on a contractual manufacturing basis. Its product portfolio includes various products customized for industrial and retail applications, such as multi-purpose adhesives, spray-grade adhesives, premium bonding adhesives, Ducting and Insulation adhesives, woodworking adhesives, footwear-grade adhesives, and adhesives used in Generator Sets. The company operates a B2B model through three business channels: dealer-distribution network, industrial sales, and government supply contracts. It generates the majority of its revenue from overseas markets.
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