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Bihar Sponge IronBOM:500058 +0.94%45 Interest Coverage is No Debt (1) as of Jun. 2026, which is 100% below its 10-year median of 96.98. GuruFocus rates BOM:500058 with a GF Score™ of 45/100 and a GF Value™ of ₹7.43 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 464 Steel companies, Bihar Sponge Iron ranks worse than 215517.03% 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. Bihar Sponge Iron's
Operating Income
for the
three
months ended in Jun. 2026 was ₹-36 Mil. Bihar Sponge Iron's Interest Expense for the
three
months ended in Jun. 2026 was ₹0 Mil.
Bihar Sponge Iron has no debt.
The higher the ratio, the stronger the company's financial strength is.
(1) 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.
The historical rank and industry rank for Bihar Sponge Iron's Interest Coverage or its related term are showing as below:
BOM:500058's Interest Coverage is not ranked *
in the Steel industry.
Industry Median: 4.72 * Ranked among companies with meaningful Interest Coverage only.
Bihar Sponge Iron (BOM:500058) Interest Coverage Explanation
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 .
Bihar Sponge Iron Interest Coverage Related Terms
Bihar Sponge Iron Interest Coverage Historical Data
* Premium members only.
The historical data trend for Bihar Sponge Iron'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:500058 vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, Bihar Sponge Iron'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.
Bihar Sponge Iron Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, Bihar Sponge Iron's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Bihar Sponge Iron'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.
What does a Interest Coverage of No Debt <sup>(1)</sup> mean?
Bihar Sponge Iron (BOM:500058) has a Interest Coverage of No Debt (1) as of Jun. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Bihar Sponge Iron and its competitors. This is 99% below median its historical median of 96.98. Over the past decade, Bihar Sponge Iron's Interest Coverage has ranged from 13.22 to 137.20. According to the industry distribution chart, Bihar Sponge Iron ranks #999999 out of 464 companies in the Steel industry.
Is Bihar Sponge Iron's Interest Coverage too high?
Bihar Sponge Iron's current Interest Coverage of No Debt (1) is 99% below median its 10-year median of 96.98. Over the past 10 years, this metric has ranged from a low of 13.22 to a high of 137.20. Based on the distribution chart, Bihar Sponge Iron ranks #999999 out of 464 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Bihar Sponge Iron has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bihar Sponge Iron's Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, Bihar Sponge Iron ranks #999999 out of 464 companies for Interest Coverage. This places Bihar Sponge Iron in the lower half of its industry. The industry median Interest Coverage is 4.72. Historically, Bihar Sponge Iron's own Interest Coverage has ranged from 13.22 to 137.20 over the past decade. 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 Steel company?
The median Interest Coverage among Steel companies is 4.72, based on 464 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. 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 Bihar Sponge Iron and its competitors. For the Steel industry, the median Interest Coverage is 4.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bihar Sponge Iron's current Interest Coverage is No Debt (1), which is 99% below median its own 10-year median of 96.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bihar Sponge Iron stock overvalued right now?
Based on GuruFocus' analysis, Bihar Sponge Iron (BOM:500058) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹7.43, compared to a current price of ₹11.84 — trading 59.4% above its estimated fair value. The current Interest Coverage is No Debt (1), which is 99% below median its 10-year median of 96.98. Bihar Sponge Iron's overall GF Score™ is 45/100 with 7 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 Bihar Sponge Iron (BOM:500058), the current Interest Coverage is No Debt (1) as of Jun. 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 Bihar Sponge Iron (BOM:500058) Overvalued in 2026?
Based on GuruFocus' analysis, Bihar Sponge Iron stock appears to be overvalued.
The current stock price of ₹11.84 is trading 59.4% above its estimated GF Value™ of ₹7.43.
GuruFocus considers Bihar Sponge Iron to be Significantly Overvalued.
Key valuation signals for BOM:500058:
Interest Coverage: No Debt (1) (99% below median its 10-year median of 96.98)
GF Value™: ₹7.43 vs. price of ₹11.84 (59.4% above fair value)
No single metric tells the full story. See the BOM:500058 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bihar Sponge Iron Ltd is India's first merchant sponge iron plant located in Jharkhand. It produces Direct Reduced Iron, commonly known as sponge iron, using indigenous iron ore and non-coking coal. Its plant uses coal-based rotary kiln technology for sponge iron production, with additional facilities such as crushing, sizing, and magnetic separation for raw materials. The plant is strategically located with excellent connectivity to many cities and transportation infrastructure. Bihar Sponge Iron also operates captive power plants to meet its energy needs efficiently. The company's sponge iron serves as a substitute for scrap in steelmaking electric arc and induction furnaces.
45GF Score
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