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Meera Industries (BOM:540519) Gross Margin % : 39.91% (As of Dec. 2023)


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What is Meera Industries Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Meera Industries's Gross Profit for the three months ended in Dec. 2023 was ₹30.4 Mil. Meera Industries's Revenue for the three months ended in Dec. 2023 was ₹76.1 Mil. Therefore, Meera Industries's Gross Margin % for the quarter that ended in Dec. 2023 was 39.91%.

Warning Sign:

Meera Industries Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.6%.


The historical rank and industry rank for Meera Industries's Gross Margin % or its related term are showing as below:

BOM:540519' s Gross Margin % Range Over the Past 10 Years
Min: 30.28   Med: 37.1   Max: 42.8
Current: 35.61


During the past 12 years, the highest Gross Margin % of Meera Industries was 42.80%. The lowest was 30.28%. And the median was 37.10%.

BOM:540519's Gross Margin % is ranked better than
72.77% of 2942 companies
in the Industrial Products industry
Industry Median: 26.47 vs BOM:540519: 35.61

Meera Industries had a gross margin of 39.91% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Meera Industries was -1.60% per year.


Meera Industries Gross Margin % Historical Data

The historical data trend for Meera Industries's Gross 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.

* Premium members only.

Meera Industries Gross Margin % Chart

Meera Industries Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.29 37.13 42.80 40.66 30.59

Meera Industries Quarterly Data
Jan17 Sep17 Mar18 Mar19 Sep19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.33 1.58 45.61 43.39 39.91

Competitive Comparison of Meera Industries's Gross Margin %

For the Specialty Industrial Machinery subindustry, Meera Industries's Gross Margin %, along with its competitors' market caps and Gross 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.


Meera Industries's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Meera Industries's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Meera Industries's Gross Margin % falls into.



Meera Industries Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Meera Industries's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )=Gross Profit (A: Mar. 2023 ) / Revenue (A: Mar. 2023 )
=61.2 / 199.927
=(Revenue - Cost of Goods Sold) / Revenue
=(199.927 - 138.763) / 199.927
=30.59 %

Meera Industries's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=30.4 / 76.055
=(Revenue - Cost of Goods Sold) / Revenue
=(76.055 - 45.703) / 76.055
=39.91 %

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Meera Industries  (BOM:540519) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Meera Industries had a gross margin of 39.91% for the quarter that ended in Dec. 2023 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Meera Industries Gross Margin % Related Terms

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Meera Industries (BOM:540519) Business Description

Traded in Other Exchanges
N/A
Address
2126, Road No. 2 GIDC, Sachin, Surat, GJ, IND, 394230
Meera Industries Ltd is engaged in the production of textile twisting machinery and technology. The product portfolio includes Two for one twister, Servo-controlled cop winder, Cone-assembly winder, Ring twister, covering machine, TPRS twister machine, and Heavy-duty twister and cabler machine, and Continuous bulk and heat setting machine. Its operating segment includes Machine manufacturing, Machine trading and Yarn. The company generates maximum revenue from the Machine manufacturing segment. Geographically, it derives a majority of revenue from India.

Meera Industries (BOM:540519) Headlines

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