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Permanent MagnetsBOM:504132 +0.93%68 Interest Coverage is 2.79 as of Mar. 2026, which is 85% below its 10-year median of 18.21. GuruFocus rates BOM:504132 with a GF Score™ of 68/100 and a GF Value™ of ₹1,035.23 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,321 Industrial Products companies, Permanent Magnets ranks worse than 71.91% 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. Permanent Magnets's
Operating Income
for the
three
months ended in Mar. 2026 was ₹44 Mil. Permanent Magnets's Interest Expense for the
three
months ended in Mar. 2026 was ₹-16 Mil.
Permanent Magnets's interest coverage for the quarter that ended in Mar. 2026 was 2.79.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Permanent Magnets's Interest Coverage or its related term are showing as below:
BOM:504132'
s Interest Coverage Range Over the Past 10 Years
Min: 2.05 Med: 18.21 Max: 32.19
Current: 5.4
BOM:504132's Interest Coverage is ranked worse than 71.91% of 2321
companies
in the Industrial Products industry
Industry Median: 14.72
vs BOM:504132: 5.40
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 .
Permanent Magnets Interest Coverage Related Terms
Permanent Magnets Interest Coverage Historical Data
* Premium members only.
The historical data trend for Permanent Magnets'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:504132 vs VRT, BE: Interest Coverage Comparison
For the Electrical Equipment & Parts subindustry, Permanent Magnets'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.
Permanent Magnets Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Permanent Magnets's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Permanent Magnets'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.
Permanent Magnets (BOM:504132) has a Interest Coverage of 2.79 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Permanent Magnets and its competitors. This is 85% below median its historical median of 18.21. Over the past decade, Permanent Magnets' Interest Coverage has ranged from 2.05 to 32.19. According to the industry distribution chart, Permanent Magnets ranks #1669 out of 2321 companies in the Industrial Products industry, placing it in the top 71.9%.
Is Permanent Magnets' Interest Coverage too high?
Permanent Magnets' current Interest Coverage of 2.79 is 85% below median its 10-year median of 18.21. Over the past 10 years, this metric has ranged from a low of 2.05 to a high of 32.19. The Industrial Products industry median Interest Coverage is 14.72. Permanent Magnets' value of 2.79 is 81% below this industry median. Based on the distribution chart, Permanent Magnets ranks #1669 out of 2321 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Permanent Magnets has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Permanent Magnets' Interest Coverage compare to VRT and BE?
According to the Industrial Products industry distribution chart, Permanent Magnets ranks #1669 out of 2321 companies for Interest Coverage. This places Permanent Magnets in the lower half of its industry. The industry median Interest Coverage is 14.72. Permanent Magnets' value of 2.79 is 81% below this benchmark. Historically, Permanent Magnets' own Interest Coverage has ranged from 2.05 to 32.19 over the past decade. While the company's 10-year median is 18.21 vs. the industry median of 14.72, Permanent Magnets has consistently been below 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 an Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.72, based on 2,321 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. Permanent Magnets's current Interest Coverage of 2.79 is 81% below 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 Permanent Magnets and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Permanent Magnets's current Interest Coverage is 2.79, which is 85% below median its own 10-year median of 18.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Permanent Magnets stock overvalued right now?
Based on GuruFocus' analysis, Permanent Magnets (BOM:504132) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,035.23, compared to a current price of ₹861.30 — trading 16.8% below its estimated fair value. The current Interest Coverage is 2.79, which is 85% below median its 10-year median of 18.21 and 81% below the Industrial Products industry median of 14.72. Permanent Magnets' overall GF Score™ is 68/100 with 1 warning sign 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 Permanent Magnets (BOM:504132), the current Interest Coverage is 2.79 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 Permanent Magnets (BOM:504132) Overvalued in 2026?
Based on GuruFocus' analysis, Permanent Magnets stock appears to be undervalued.
The current stock price of ₹861.30 is trading 16.8% below its estimated GF Value™ of ₹1,035.23.
GuruFocus considers Permanent Magnets to be Modestly Undervalued.
Key valuation signals for BOM:504132:
Interest Coverage: 2.79 (85% below median its 10-year median of 18.21)
GF Value™: ₹1,035.23 vs. price of ₹861.30 (16.8% below fair value)
Industry Position: 81% below the Industrial Products median (#1669 of 2321)
No single metric tells the full story. See the BOM:504132 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Permanent Magnets Ltd is an Indian based company. It is engaged in the manufacturing of cast alloy magnets, parts, and accessories for electricity and electric vehicle parts in the world. PML also supplies Gas meter parts and accessories. The assembly includes die-cast parts, plastic parts, brass parts, bi-metal parts, stainless steel parts, and special copper alloy and nickel alloy parts. Its products are used in electronics, electricity meters, the automobile industry, telecommunication, defense, space research, aeronautics, railways, and electricity generation industries. The company derives the majority of its revenue from sales of parts and accessories of the electricity meter. It operates in a single segment, which is Engineering and Current Sensing applications.
68GF Score
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