Oil & Natural Gas (BOM:500312) Gross Margin % : 29.48% (As of Dec. 2023)

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What is Oil & Natural Gas Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Oil & Natural Gas's Gross Profit for the three months ended in Dec. 2023 was ₹488,074 Mil. Oil & Natural Gas's Revenue for the three months ended in Dec. 2023 was ₹1,655,691 Mil. Therefore, Oil & Natural Gas's Gross Margin % for the quarter that ended in Dec. 2023 was 29.48%.

The historical rank and industry rank for Oil & Natural Gas's Gross Margin % or its related term are showing as below:

BOM:500312' s Gross Margin % Range Over the Past 10 Years
Min: 22.12 Med: 28.64 Max: 48.9
Current: 33.93

During the past 13 years, the highest Gross Margin % of Oil & Natural Gas was 48.90%. The lowest was 22.12%. And the median was 28.64%.

BOM:500312's Gross Margin % is ranked better than
57.88% of 926 companies
in the Oil & Gas industry
Industry Median: 27.845 vs BOM:500312: 33.93

Oil & Natural Gas had a gross margin of 29.48% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Oil & Natural Gas was 3.80% per year.

Oil & Natural Gas Gross Margin % Historical Data

The historical data trend for Oil & Natural Gas'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.

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Oil & Natural Gas Gross Margin % Chart

Oil & Natural Gas Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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26.31

22.12

24.42

32.54

29.78

Oil & Natural Gas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															30.12	33.33	34.36	39.14	29.48

Competitive Comparison of Oil & Natural Gas's Gross Margin %

For the Oil & Gas Integrated subindustry, Oil & Natural Gas'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.

Oil & Natural Gas's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Oil & Natural Gas's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Oil & Natural Gas's Gross Margin % falls into.

Oil & Natural Gas Gross Margin % Calculation

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

Oil & Natural Gas'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 )
	=	2039558.7	/	6848292.2
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(6848292.2 - 4808733.5)	/	6848292.2
	=	29.78 %

Oil & Natural Gas'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 )
	=	488073.6	/	1655690.6
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1655690.6 - 1167617)	/	1655690.6
	=	29.48 %

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.

Oil & Natural Gas (BOM:500312) 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

Oil & Natural Gas had a gross margin of 29.48% 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.

Oil & Natural Gas Gross Margin % Related Terms

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Oil & Natural Gas (BOM:500312) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oil & Natural Gas Corp Ltd (BOM:500312) » Definitions » Gross Margin %

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ONGC:India

Address

Plot No. 5A-5B, Nelson Mandela Road, Deendayal Urja Bhawan, Vasant Kunj, New Delhi, IND, 110070

Website

https://www.ongcindia.com

Oil & Natural Gas Corp Ltd is an Indian-based company. It engages in the exploration, development, and production of oil and natural gas. The company operates onshore and offshore fields globally through joint ventures and partnerships. Crude oil production has been the lead revenue generator, with Russian assets providing the most production. Apart from the exploration and production operations, it engages in the transportation and refining of hydrocarbon products. Oil and Natural Gas Corp carries out its business as a public sector undertaking for the Government of India.

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