Indian Emulsifiers (NSE:IEML) Debt-to-EBITDA : 2.55 (As of Mar. 2026) — 37% Above Median

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NSE:IEML Indian Emulsifiers Ltd NSE:IEML
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What is Indian Emulsifiers Debt-to-EBITDA?

Indian Emulsifiers NSE:IEML -3.78% 20 Debt-to-EBITDA is 2.55 as of Mar. 2026, which is 37% above its 10-year median of 1.86. GuruFocus rates NSE:IEML with a GF Score™ of 20/100. The stock has 6 warning signs investors should review. Among 1,268 Chemicals companies, Indian Emulsifiers ranks worse than 51.34% on this metric.

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

Indian Emulsifiers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹292 Mil. Indian Emulsifiers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹259 Mil. Indian Emulsifiers's annualized EBITDA for the quarter that ended in Mar. 2026 was ₹216 Mil. Indian Emulsifiers's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 2.55.

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

NSE:IEML' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -159.22   Med: 1.86   Max: 16.19
Current: 2.11

During the past 6 years, the highest Debt-to-EBITDA Ratio of Indian Emulsifiers was 16.19. The lowest was -159.22. And the median was 1.86.

NSE:IEML's Debt-to-EBITDA is ranked worse than
51.34% of 1268 companies
in the Chemicals industry
Industry Median: 2.005 vs NSE:IEML: 2.11

Indian Emulsifiers  (NSE:IEML) 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.


Indian Emulsifiers Debt-to-EBITDA Related Terms


Indian Emulsifiers Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Indian Emulsifiers'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.

Indian Emulsifiers Debt-to-EBITDA Chart

Indian Emulsifiers Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-EBITDA
Get a 7-Day Free Trial 16.19 2.85 1.62 1.22 2.11

Indian Emulsifiers Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only 1.47 1.19 1.33 1.05 2.55

NSE:IEML vs LIN, SHW, ECL: Debt-to-EBITDA Comparison

For the Specialty Chemicals subindustry, Indian Emulsifiers'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.


Indian Emulsifiers Debt-to-EBITDA vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Indian Emulsifiers's Debt-to-EBITDA distribution charts can be found below:

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


NSE:IEML
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Indian Emulsifiers Ltd NSE:IEML
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Indian Emulsifiers Debt-to-EBITDA Calculation

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

Indian Emulsifiers'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
=(291.621 + 259.474) / 261.464
=2.11

Indian Emulsifiers'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
=(291.621 + 259.474) / 216.134
=2.55

* 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 two times the quarterly (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 2.55 mean?
Indian Emulsifiers (NSE:IEML) has a Debt-to-EBITDA of 2.55 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 Indian Emulsifiers. This is 37% above median its historical median of 1.86. According to the industry distribution chart, Indian Emulsifiers ranks #651 out of 1268 companies in the Chemicals industry, placing it in the top 51.3%.
Is Indian Emulsifiers' Debt-to-EBITDA too high?
Indian Emulsifiers' current Debt-to-EBITDA of 2.55 is 37% above median its 10-year median of 1.86. The Chemicals industry median Debt-to-EBITDA is 2.01. Indian Emulsifiers' value of 2.55 is 27.2% above this industry median. Based on the distribution chart, Indian Emulsifiers ranks #651 out of 1268 companies in the Chemicals industry, which is below the industry midpoint. Overall, Indian Emulsifiers has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Indian Emulsifiers' Debt-to-EBITDA compare to LIN and SHW?
According to the Chemicals industry distribution chart, Indian Emulsifiers ranks #651 out of 1268 companies for Debt-to-EBITDA. This places Indian Emulsifiers in the lower half of its industry. The industry median Debt-to-EBITDA is 2.01. Indian Emulsifiers' value of 2.55 is 27.2% above this benchmark. While the company's 10-year median is 1.86 vs. the industry median of 2.01, Indian Emulsifiers 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 Chemicals company?
The median Debt-to-EBITDA among Chemicals companies is 2.01, based on 1,268 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. Indian Emulsifiers's current Debt-to-EBITDA of 2.55 is 27.2% 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 Indian Emulsifiers. For the Chemicals industry, the median Debt-to-EBITDA is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Emulsifiers's current Debt-to-EBITDA is 2.55, which is 37% above median its own 10-year median of 1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Emulsifiers stock overvalued right now?
Indian Emulsifiers (NSE:IEML) has a current Debt-to-EBITDA of 2.55. The current Debt-to-EBITDA is 2.55, which is 37% above median its 10-year median of 1.86 and 27.2% above the Chemicals industry median of 2.01. Indian Emulsifiers' overall GF Score™ is 20/100 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 Indian Emulsifiers (NSE:IEML), the current Debt-to-EBITDA is 2.55 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.

Indian Emulsifiers Business Description

Address Shivram Seth Amrutwar Road, Off Pandurang Budhwar Marg, Shop 206, Foor-2, Sumer Kendra, Near Doordarshan Kendra, Worli, Mumbai, MH, IND, 400018
Indian Emulsifiers Ltd is engaged in Manufacturing and Supplying of Specialty Chemicals. Its product include Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, SMO & PIBSA Emulsifiers. The company serves specialty chemicals to wide range of industries such as Mining, Textile, Cleaning Industry, Metal Working, Lubricants, Food and Other Industries.
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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