BEMLBOM:500048 +3.63%69 Interest Coverage is 17.70 as of Mar. 2026, which is 322% above its 10-year median of 4.19. GuruFocus rates BOM:500048 with a GF Score™ of 69/100 and a GF Value™ of ₹2,043.97 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 428 Conglomerates companies, BEML ranks worse than 55.14% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. BEML's
Operating Income
for the
three
months ended in Mar. 2026 was ₹2,490 Mil. BEML's Interest Expense for the
three
months ended in Mar. 2026 was ₹-141 Mil.
BEML's interest coverage for the quarter that ended in Mar. 2026 was 17.70.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for BEML's Interest Coverage or its related term are showing as below:
BOM:500048'
s Interest Coverage Range Over the Past 10 Years
Min: 0.99 Med: 4.19 Max: 9.37
Current: 4.75
BOM:500048's Interest Coverage is ranked worse than 55.14% of 428
companies
in the Conglomerates industry
Industry Median: 5.31
vs BOM:500048: 4.75
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
BEML Interest Coverage Related Terms
BEML Interest Coverage Historical Data
* Premium members only.
The historical data trend for BEML's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
BOM:500048 vs HON, MMM: Interest Coverage Comparison
For the Conglomerates subindustry, BEML's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.
BEML Interest Coverage vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, BEML's Interest Coverage distribution charts can be found below:
* The bar in red indicates where BEML's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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.
BEML (BOM:500048) has a Interest Coverage of 17.70 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on BEML and its competitors. This is 322% above median its historical median of 4.19. Over the past decade, BEML's Interest Coverage has ranged from 0.99 to 9.37. According to the industry distribution chart, BEML ranks #236 out of 428 companies in the Conglomerates industry, placing it in the top 55.1%.
Is BEML's Interest Coverage too high?
BEML's current Interest Coverage of 17.70 is 322% above median its 10-year median of 4.19. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 9.37. The Conglomerates industry median Interest Coverage is 5.31. BEML's value of 17.70 is 233.3% above this industry median. Based on the distribution chart, BEML ranks #236 out of 428 companies in the Conglomerates industry, which is below the industry midpoint. Overall, BEML has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BEML's Interest Coverage compare to HON and MMM?
According to the Conglomerates industry distribution chart, BEML ranks #236 out of 428 companies for Interest Coverage. This places BEML in the lower half of its industry. The industry median Interest Coverage is 5.31. BEML's value of 17.70 is 233.3% above this benchmark. Historically, BEML's own Interest Coverage has ranged from 0.99 to 9.37 over the past decade. While the company's 10-year median is 4.19 vs. the industry median of 5.31, BEML 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 Interest Coverage for a Conglomerates company?
The median Interest Coverage among Conglomerates companies is 5.31, based on 428 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BEML's current Interest Coverage of 17.70 is 233.3% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on BEML and its competitors. For the Conglomerates industry, the median Interest Coverage is 5.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BEML's current Interest Coverage is 17.70, which is 322% above median its own 10-year median of 4.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BEML stock overvalued right now?
Based on GuruFocus' analysis, BEML (BOM:500048) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,043.97, compared to a current price of ₹1,864.35 — trading 8.8% below its estimated fair value. The current Interest Coverage is 17.70, which is 322% above median its 10-year median of 4.19 and 233.3% above the Conglomerates industry median of 5.31. BEML's overall GF Score™ is 69/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For BEML (BOM:500048), the current Interest Coverage is 17.70 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 BEML (BOM:500048) Overvalued in 2026?
Based on GuruFocus' analysis, BEML stock appears to be undervalued.
The current stock price of ₹1,864.35 is trading 8.8% below its estimated GF Value™ of ₹2,043.97.
GuruFocus considers BEML to be Modestly Undervalued.
Key valuation signals for BOM:500048:
Interest Coverage: 17.70 (322% above median its 10-year median of 4.19)
GF Value™: ₹2,043.97 vs. price of ₹1,864.35 (8.8% below fair value)
Industry Position: 233.3% above the Conglomerates median (#236 of 428)
No single metric tells the full story. See the BOM:500048 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BEML Ltd manufactures a wide range of heavy equipment serving core sectors such as Defence & Aerospace, Mining & Construction, and Rail & Metro. Its product offerings include earthmoving machinery like excavators and bulldozers, defence vehicles and equipment including recovery vehicles and bridge systems, and rail coaches, metro cars, and track-laying equipment. The company operates multiple manufacturing units across India, including Bangalore, Mysore, Kolar Gold Fields, and Palakkad, supported by a dominant sales and after-sales network. Revenue is generated through sales of machinery, rail and metro rolling stock, and defence products, with a focus on indigenous manufacturing and technology integration to meet diverse sectoral needs.
69GF Score
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