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Munish ForgeNSE:MUNISH +1.09%14 Debt-to-EBITDA is 3.09 as of Mar. 2026, which is 18% below its 10-year median of 3.79. GuruFocus rates NSE:MUNISH with a GF Score™ of 14/100. The stock has 4 warning signs investors should review. Among 2,315 Industrial Products companies, Munish Forge ranks worse than 83.59% 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 Munish Forge's Debt-to-EBITDA or its related term are showing as below:
NSE:MUNISH'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.18 Med: 3.79 Max: 6.59
Current: 6.18
During the past 5 years, the highest Debt-to-EBITDA Ratio of Munish Forge was 6.59. The lowest was 2.18. And the median was 3.79.
NSE:MUNISH's Debt-to-EBITDA is ranked worse than 83.59% of 2315
companies
in the Industrial Products industry
Industry Median: 1.69
vs NSE:MUNISH: 6.18
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.
Munish Forge Debt-to-EBITDA Related Terms
Munish Forge Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Munish Forge'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.
Munish Forge Debt-to-EBITDA Chart
Munish Forge Annual Data
Trend
Mar22
Mar23
Mar24
Mar25
Mar26
Debt-to-EBITDA
6.59
5.44
3.79
2.18
2.53
Munish Forge Semi-Annual Data
Mar22
Mar23
Mar24
Mar25
Mar26
Debt-to-EBITDA
N/A
N/A
N/A
1.98
3.09
NSE:MUNISH vs ATI, CRS, MLI: Debt-to-EBITDA Comparison
For the Metal Fabrication subindustry, Munish Forge'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.
Munish Forge Debt-to-EBITDA vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Munish Forge's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Munish Forge'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 two times the quarterly (Mar. 2026) EBITDA data.
Munish Forge (NSE:MUNISH) has a Debt-to-EBITDA of 3.09 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 Munish Forge. This is 18% below median its historical median of 3.79. Over the past decade, Munish Forge's Debt-to-EBITDA has ranged from 2.18 to 6.59. According to the industry distribution chart, Munish Forge ranks #1935 out of 2315 companies in the Industrial Products industry, placing it in the top 83.6%.
Is Munish Forge's Debt-to-EBITDA too high?
Munish Forge's current Debt-to-EBITDA of 3.09 is 18% below median its 10-year median of 3.79. Over the past 10 years, this metric has ranged from a low of 2.18 to a high of 6.59. The Industrial Products industry median Debt-to-EBITDA is 1.69. Munish Forge's value of 3.09 is 82.8% above this industry median. Based on the distribution chart, Munish Forge ranks #1935 out of 2315 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Munish Forge has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Munish Forge's Debt-to-EBITDA compare to ATI and CRS?
According to the Industrial Products industry distribution chart, Munish Forge ranks #1935 out of 2315 companies for Debt-to-EBITDA. This places Munish Forge in the lower half of its industry. The industry median Debt-to-EBITDA is 1.69. Munish Forge's value of 3.09 is 82.8% above this benchmark. Historically, Munish Forge's own Debt-to-EBITDA has ranged from 2.18 to 6.59 over the past decade. While the company's 10-year median is 3.79 vs. the industry median of 1.69, Munish Forge 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 an Industrial Products company?
The median Debt-to-EBITDA among Industrial Products companies is 1.69, based on 2,315 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. Munish Forge's current Debt-to-EBITDA of 3.09 is 82.8% 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 Munish Forge. For the Industrial Products industry, the median Debt-to-EBITDA is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Munish Forge's current Debt-to-EBITDA is 3.09, which is 18% below median its own 10-year median of 3.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munish Forge stock overvalued right now?
Munish Forge (NSE:MUNISH) has a current Debt-to-EBITDA of 3.09. The current Debt-to-EBITDA is 3.09, which is 18% below median its 10-year median of 3.79 and 82.8% above the Industrial Products industry median of 1.69. Munish Forge's overall GF Score™ is 14/100 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 Munish Forge (NSE:MUNISH), the current Debt-to-EBITDA is 3.09 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.
Munish Forge Ltd is a manufacturer in the forging and casting industry, specializing in manufacturing premium forged and cast components. It manufactures components like Flange, Scaffolding, Auto parts, Tank tracks chains, Bomb shells, Fence post and steel accessories as per customer specifications and International Standard catering to the requirements of Indian Army and various industries such as Defence, Oil and Gas, Automobile, Construction and Infrastructure.
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