JK Cement (NSE:JKCEMENT) Gross Margin % : 83.03% (As of Mar. 2024)

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What is JK Cement Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. JK Cement's Gross Profit for the three months ended in Mar. 2024 was ₹25,788 Mil. JK Cement's Revenue for the three months ended in Mar. 2024 was ₹31,058 Mil. Therefore, JK Cement's Gross Margin % for the quarter that ended in Mar. 2024 was 83.03%.

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

NSE:JKCEMENT' s Gross Margin % Range Over the Past 10 Years
Min: 74.47 Med: 76.59 Max: 78.71
Current: 78.71

During the past 13 years, the highest Gross Margin % of JK Cement was 78.71%. The lowest was 74.47%. And the median was 76.59%.

NSE:JKCEMENT's Gross Margin % is ranked better than
94.65% of 374 companies
in the Building Materials industry
Industry Median: 24.82 vs NSE:JKCEMENT: 78.71

JK Cement had a gross margin of 83.03% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for JK Cement was 0.20% per year.

JK Cement Gross Margin % Historical Data

The historical data trend for JK Cement'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.

JK Cement Gross Margin % Chart

JK Cement Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Gross Margin %

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78.65

77.64

76.93

83.61

84.12

JK Cement Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															83.60	83.19	83.35	86.88	83.03

Competitive Comparison of JK Cement's Gross Margin %

For the Building Materials subindustry, JK Cement'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.

JK Cement's Gross Margin % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, JK Cement's Gross Margin % distribution charts can be found below:

* The bar in red indicates where JK Cement's Gross Margin % falls into.

JK Cement Gross Margin % Calculation

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

JK Cement's Gross Margin for the fiscal year that ended in Mar. 2024 is calculated as

Gross Margin % (A: Mar. 2024 )	=	Gross Profit (A: Mar. 2024 )	/	Revenue (A: Mar. 2024 )
	=	97213.3	/	115560
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(115560 - 18346.7)	/	115560
	=	84.12 %

JK Cement's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	25788.1	/	31057.651
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(31057.651 - 5269.532)	/	31057.651
	=	83.03 %

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.

JK Cement (NSE:JKCEMENT) 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

JK Cement had a gross margin of 83.03% for the quarter that ended in Mar. 2024 => Durable competitive advantage

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.

JK Cement Gross Margin % Related Terms

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JK Cement (NSE:JKCEMENT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » JK Cement Ltd (NSE:JKCEMENT) » Definitions » Gross Margin %

Traded in Other Exchanges

532644:India

Address

Gurgaon-Faridabad Road, 5th Floor, Prism Tower, Gwal Pahari, Gurgaon, HR, IND, 122102

Website

https://www.jkcement.com

JK Cement Ltd is a building materials holding company. The company manufactures cement and cement-related products that primarily consist of grey and white cement. JK Cement's grey cement includes both Portland Pozzolana Cement (PPC) and Ordinary Portland Cement (OPC). The white cement offerings include JK White Cement, as well as cement-based JK Wall Putty, JK Waterproof, and JK Primaxx. JK Cement's wall putty is used as a plaster for walls and ceilings, while JK Waterproof is a water-repellent powder. It has one Reportable Segment for the Company which is "Cement," The company generates the vast majority of its revenue in India.

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