Punj Lloyd (NSE:PUNJLLOYD) Debt-to-EBITDA : -0.25 (As of Mar. 2026)

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What is Punj Lloyd Debt-to-EBITDA?

Punj Lloyd NSE:PUNJLLOYD Debt-to-EBITDA is -0.25 as of Mar. 2026. The stock has 6 warning signs investors should review.

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

Punj Lloyd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹3,831 Mil. Punj Lloyd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹0 Mil. Punj Lloyd's annualized EBITDA for the quarter that ended in Mar. 2026 was ₹-15,386 Mil. Punj Lloyd's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was -0.25.

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

NSE:PUNJLLOYD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -146.04   Med: -16.68   Max: 23.46
Current: -0.25

During the past 13 years, the highest Debt-to-EBITDA Ratio of Punj Lloyd was 23.46. The lowest was -146.04. And the median was -16.68.

NSE:PUNJLLOYD's Debt-to-EBITDA is not ranked
in the Construction industry.
Industry Median: 2.1 vs NSE:PUNJLLOYD: -0.25

Punj Lloyd  (NSE:PUNJLLOYD) 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.


Punj Lloyd Debt-to-EBITDA Related Terms


Punj Lloyd Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Punj Lloyd'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.

Punj Lloyd Debt-to-EBITDA Chart

Punj Lloyd 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 -12.30 -43.49 -25.41 -21.07 -0.25

Punj Lloyd Semi-Annual Data
Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 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 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 -12.30 -43.49 -25.41 -21.07 -0.25

NSE:PUNJLLOYD vs SFHI: Debt-to-EBITDA Comparison

For the Engineering & Construction subindustry, Punj Lloyd'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.


Punj Lloyd Debt-to-EBITDA vs Construction Industry

For the Construction industry and Industrials sector, Punj Lloyd's Debt-to-EBITDA distribution charts can be found below:

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



Punj Lloyd Debt-to-EBITDA Calculation

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

Punj Lloyd'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
=(3830.5 + 0) / -15386.2
=-0.25

Punj Lloyd'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
=(3830.5 + 0) / -15386.2
=-0.25

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

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of -0.25 mean?
Punj Lloyd (NSE:PUNJLLOYD) has a Debt-to-EBITDA of -0.25 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 Punj Lloyd.
Is Punj Lloyd's Debt-to-EBITDA too high?
Punj Lloyd's current Debt-to-EBITDA is -0.25.
How does Punj Lloyd's Debt-to-EBITDA compare to SFHI?
Punj Lloyd's Debt-to-EBITDA of -0.25 can be compared against companies in the Construction industry. The industry median Debt-to-EBITDA is 2.10. 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 Construction company?
The median Debt-to-EBITDA among Construction companies is 2.10, based on 1,398 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 Punj Lloyd. For the Construction industry, the median Debt-to-EBITDA is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Punj Lloyd's current Debt-to-EBITDA is -0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Punj Lloyd stock overvalued right now?
Punj Lloyd (NSE:PUNJLLOYD) has a current Debt-to-EBITDA of -0.25. The current Debt-to-EBITDA is -0.25. 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 Punj Lloyd (NSE:PUNJLLOYD), the current Debt-to-EBITDA is -0.25 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.

Punj Lloyd Business Description

Address NBCC Plaza, Sector 5, Plate No. 2, Second Floor, Tower No. 2, Pushp Vihar, Saket, New Delhi, Delhi, IND, 110017
Punj Lloyd Ltd is an engineering, procurement, and construction company operating across energy, infrastructure, and defense sectors. The company provides services including building pipelines, tanks, process facilities, transportation infrastructure, and specialized defense manufacturing. Its operations span multiple regions, including the Middle East, Africa, Asia Pacific, South Asia, and Europe. Punj Lloyd generates revenue by providing contracting services across the sectors, serving both domestic and international clients.