Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Ashoka RefineriesBOM:526983 27 Debt-to-EBITDA is 0.00 as of Jun. 2026. GuruFocus rates BOM:526983 with a GF Score™ of 27/100 and a GF Value™ of ₹0.68 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 456 Conglomerates companies, Ashoka Refineries ranks worse than 219298.03% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Ashoka Refineries's Debt-to-EBITDA or its related term are showing as below:
BOM:526983'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.09 Med: -0.05 Max: 29.41
Current: -0.96
During the past 13 years, the highest Debt-to-EBITDA Ratio of Ashoka Refineries was 29.41. The lowest was -4.09. And the median was -0.05.
BOM:526983's Debt-to-EBITDA is ranked worse than 100% of 456
companies
in the Conglomerates industry
Industry Median: 2.705
vs BOM:526983: -0.96
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Ashoka Refineries Debt-to-EBITDA Related Terms
Ashoka Refineries Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Ashoka Refineries's Debt-to-EBITDA 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.
For the Conglomerates subindustry, Ashoka Refineries's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.
Ashoka Refineries Debt-to-EBITDA vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Ashoka Refineries's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Ashoka Refineries's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.
Ashoka Refineries (BOM:526983) has a Debt-to-EBITDA of 0.00 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Ashoka Refineries. According to the industry distribution chart, Ashoka Refineries ranks #999999 out of 456 companies in the Conglomerates industry.
Is Ashoka Refineries' Debt-to-EBITDA too high?
Ashoka Refineries' current Debt-to-EBITDA is 0.00. Based on the distribution chart, Ashoka Refineries ranks #999999 out of 456 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Ashoka Refineries has a GF Score™ of 27/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ashoka Refineries' Debt-to-EBITDA compare to MMM and HON?
According to the Conglomerates industry distribution chart, Ashoka Refineries ranks #999999 out of 456 companies for Debt-to-EBITDA. This places Ashoka Refineries in the lower half of its industry. The industry median Debt-to-EBITDA is 2.71. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Conglomerates company?
The median Debt-to-EBITDA among Conglomerates companies is 2.71, based on 456 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Ashoka Refineries. For the Conglomerates industry, the median Debt-to-EBITDA is 2.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashoka Refineries's current Debt-to-EBITDA is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashoka Refineries stock overvalued right now?
Based on GuruFocus' analysis, Ashoka Refineries (BOM:526983) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.68, compared to a current price of ₹15.47 — trading 2175% above its estimated fair value. The current Debt-to-EBITDA is 0.00. Ashoka Refineries' overall GF Score™ is 27/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Ashoka Refineries (BOM:526983), the current Debt-to-EBITDA is 0.00 as of Jun. 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.
Is Ashoka Refineries (BOM:526983) Overvalued in 2026?
Based on GuruFocus' analysis, Ashoka Refineries stock appears to be overvalued.
The current stock price of ₹15.47 is trading 2175% above its estimated GF Value™ of ₹0.68.
GuruFocus considers Ashoka Refineries to be Significantly Overvalued.
Key valuation signals for BOM:526983:
Debt-to-EBITDA: 0.00
GF Value™: ₹0.68 vs. price of ₹15.47 (2175% above fair value)
No single metric tells the full story. See the BOM:526983 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashoka Refineries Ltd is engaged in the trading of goods and providing consultancy services. The company generates all of its revenue from the sale of goods.
27GF Score
Get the complete analysis for BOM:526983
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:526983 has been successfully added to your 
