BPL (NSE:BPL) Debt-to-EBITDA : 28.01 (As of Mar. 2026) — 2673% Above Median

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NSE:BPL BPL Ltd NSE:BPL
65 GF Score
Price ₹52.74
GF Value ₹98.19
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is BPL Debt-to-EBITDA?

BPL NSE:BPL +0.02% 65 Debt-to-EBITDA is 28.01 as of Mar. 2026, which is 2673% above its 10-year median of 1.01. GuruFocus rates NSE:BPL with a GF Score™ of 65/100 and a GF Value™ of ₹98.19 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,794 Hardware companies, BPL ranks worse than 94.43% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

BPL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹95.7 Mil. BPL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹960.0 Mil. BPL's annualized EBITDA for the quarter that ended in Mar. 2026 was ₹37.7 Mil. BPL's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 28.01.

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 BPL's Debt-to-EBITDA or its related term are showing as below:

NSE:BPL' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.79   Med: 1.01   Max: 16.33
Current: 16.33

During the past 13 years, the highest Debt-to-EBITDA Ratio of BPL was 16.33. The lowest was -0.79. And the median was 1.01.

NSE:BPL's Debt-to-EBITDA is ranked worse than
94.43% of 1794 companies
in the Hardware industry
Industry Median: 1.705 vs NSE:BPL: 16.33

BPL  (NSE:BPL) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


BPL Debt-to-EBITDA Related Terms


BPL Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for BPL'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.

BPL Debt-to-EBITDA Chart

BPL Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.38 0.41 0.64 2.19 16.33

BPL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA 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 -0.16 2.10 37.15 24.19 28.01

NSE:BPL vs AAPL: Debt-to-EBITDA Comparison

For the Consumer Electronics subindustry, BPL'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.


BPL Debt-to-EBITDA vs Hardware Industry

For the Hardware industry and Technology sector, BPL's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where BPL's Debt-to-EBITDA falls into.


NSE:BPL
65GF Score
BPL Ltd NSE:BPL
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BPL Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

BPL's Debt-to-EBITDA for the fiscal year that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(95.722 + 960) / 64.632
=16.33

BPL's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(95.722 + 960) / 37.692
=28.01

* 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 (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 28.01 mean?
BPL (NSE:BPL) has a Debt-to-EBITDA of 28.01 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on BPL. This is 2673% above median its historical median of 1.01. According to the industry distribution chart, BPL ranks #1694 out of 1794 companies in the Hardware industry, placing it in the top 94.4%.
Is BPL's Debt-to-EBITDA too high?
BPL's current Debt-to-EBITDA of 28.01 is 2673% above median its 10-year median of 1.01. The Hardware industry median Debt-to-EBITDA is 1.71. BPL's value of 28.01 is 1542.8% above this industry median. Based on the distribution chart, BPL ranks #1694 out of 1794 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, BPL has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BPL's Debt-to-EBITDA compare to AAPL?
According to the Hardware industry distribution chart, BPL ranks #1694 out of 1794 companies for Debt-to-EBITDA. This places BPL in the lower half of its industry. The industry median Debt-to-EBITDA is 1.71. BPL's value of 28.01 is 1542.8% above this benchmark. While the company's 10-year median is 1.01 vs. the industry median of 1.71, BPL 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 Debt-to-EBITDA for a Hardware company?
The median Debt-to-EBITDA among Hardware companies is 1.71, based on 1,794 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. BPL's current Debt-to-EBITDA of 28.01 is 1542.8% 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 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 BPL. For the Hardware industry, the median Debt-to-EBITDA is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BPL's current Debt-to-EBITDA is 28.01, which is 2673% above median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BPL stock overvalued right now?
Based on GuruFocus' analysis, BPL (NSE:BPL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹98.19, compared to a current price of ₹52.74 — trading 46.3% below its estimated fair value. The current Debt-to-EBITDA is 28.01, which is 2673% above median its 10-year median of 1.01 and 1542.8% above the Hardware industry median of 1.71. BPL's overall GF Score™ is 65/100 with 6 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 BPL (NSE:BPL), the current Debt-to-EBITDA is 28.01 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.

Is BPL (NSE:BPL) Overvalued in 2026?

Based on GuruFocus' analysis, BPL stock appears to be undervalued. The current stock price of ₹52.74 is trading 46.3% below its estimated GF Value™ of ₹98.19. GuruFocus considers BPL to be Possible Value Trap.

Key valuation signals for NSE:BPL:

  • Debt-to-EBITDA: 28.01 (2673% above median its 10-year median of 1.01)
  • GF Value™: ₹98.19 vs. price of ₹52.74 (46.3% below fair value)
  • GF Score™: 65/100 with 6 warning signs
  • Industry Position: 1542.8% above the Hardware median (#1694 of 1794)

No single metric tells the full story. See the NSE:BPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BPL Business Description

Other Exchanges 500074:India
Address No. 64, Church Street, Post Box No. 5194, Dynamic House, Bengaluru, KA, IND, 560 001
BPL Ltd manufactures and distributes electronic products. The company's product includes televisions, Washing Machines, Refrigerators, Microwave Ovens, Fans, Air Conditioners, Dishwashers, and Audio products. The company is engaged in the manufacture of unpopulated Printed Circuit Boards (PCBs), which constitute its single reportable segment. It generates revenues from the sales of manufactured products, traded products, and brand licensing fees.
65GF Score

Get the complete analysis for NSE:BPL

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹52.74
Price
₹98.19
GF Value