Nitin Castings (BOM:508875) Interest Coverage: 4.54 (As of Jun. 2026) — 60% Below Median

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BOM:508875 Nitin Castings Ltd BOM:508875
70 GF Score
Price ₹298.45
GF Value ₹557.20
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Nitin Castings Interest Coverage?

Nitin Castings BOM:508875 +5.00% 70 Interest Coverage is 4.54 as of Jun. 2026, which is 60% below its 10-year median of 11.24. GuruFocus rates BOM:508875 with a GF Score™ of 70/100 and a GF Value™ of ₹557.20 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,335 Industrial Products companies, Nitin Castings ranks worse than 63.17% 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. Nitin Castings's Operating Income for the three months ended in Jun. 2026 was ₹10 Mil. Nitin Castings's Interest Expense for the three months ended in Jun. 2026 was ₹-2 Mil. Nitin Castings's interest coverage for the quarter that ended in Jun. 2026 was 4.54. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Nitin Castings's Interest Coverage or its related term are showing as below:

BOM:508875' s Interest Coverage Range Over the Past 10 Years
Min: 1.48   Med: 11.24   Max: 80.31
Current: 8.2


BOM:508875's Interest Coverage is ranked worse than
63.17% of 2335 companies
in the Industrial Products industry
Industry Median: 14.82 vs BOM:508875: 8.20

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Nitin Castings  (BOM:508875) 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 .


Nitin Castings Interest Coverage Related Terms


Nitin Castings Interest Coverage Historical Data

* Premium members only.

The historical data trend for Nitin Castings'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.

Nitin Castings Interest Coverage Chart

Nitin Castings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.76 80.31 73.87 30.85 13.99

Nitin Castings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Interest Coverage 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 33.14 12.22 4.37 13.47 4.54

BOM:508875 vs CRS, ATI, MLI: Interest Coverage Comparison

For the Metal Fabrication subindustry, Nitin Castings'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.


Nitin Castings Interest Coverage vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nitin Castings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Nitin Castings's Interest Coverage falls into.


BOM:508875
70GF Score
Nitin Castings Ltd BOM:508875
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nitin Castings Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Nitin Castings's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Nitin Castings's Interest Expense was ₹-8 Mil. Its Operating Income was ₹110 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹39 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*110.49/-7.895
=13.99

Nitin Castings's Interest Coverage for the quarter that ended in Jun. 2026 is calculated as

Here, for the three months ended in Jun. 2026, Nitin Castings's Interest Expense was ₹-2 Mil. Its Operating Income was ₹10 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2026 )/Interest Expense (Q: Jun. 2026 )
=-1*10.424/-2.297
=4.54

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 4.54 mean?
Nitin Castings (BOM:508875) has a Interest Coverage of 4.54 as of Jun. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Nitin Castings and its competitors. This is 60% below median its historical median of 11.24. Over the past decade, Nitin Castings' Interest Coverage has ranged from 1.48 to 80.31. According to the industry distribution chart, Nitin Castings ranks #1475 out of 2335 companies in the Industrial Products industry, placing it in the top 63.2%.
Is Nitin Castings' Interest Coverage too high?
Nitin Castings' current Interest Coverage of 4.54 is 60% below median its 10-year median of 11.24. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 80.31. The Industrial Products industry median Interest Coverage is 14.82. Nitin Castings' value of 4.54 is 69.4% below this industry median. Based on the distribution chart, Nitin Castings ranks #1475 out of 2335 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Nitin Castings has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nitin Castings' Interest Coverage compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Nitin Castings ranks #1475 out of 2335 companies for Interest Coverage. This places Nitin Castings in the lower half of its industry. The industry median Interest Coverage is 14.82. Nitin Castings' value of 4.54 is 69.4% below this benchmark. Historically, Nitin Castings' own Interest Coverage has ranged from 1.48 to 80.31 over the past decade. While the company's 10-year median is 11.24 vs. the industry median of 14.82, Nitin Castings 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 14.82, based on 2,335 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. Nitin Castings's current Interest Coverage of 4.54 is 69.4% 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 Nitin Castings and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitin Castings's current Interest Coverage is 4.54, which is 60% below median its own 10-year median of 11.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitin Castings stock overvalued right now?
Based on GuruFocus' analysis, Nitin Castings (BOM:508875) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹557.20, compared to a current price of ₹298.45 — trading 46.4% below its estimated fair value. The current Interest Coverage is 4.54, which is 60% below median its 10-year median of 11.24 and 69.4% below the Industrial Products industry median of 14.82. Nitin Castings' overall GF Score™ is 70/100 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 Nitin Castings (BOM:508875), the current Interest Coverage is 4.54 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 Nitin Castings (BOM:508875) Overvalued in 2026?

Based on GuruFocus' analysis, Nitin Castings stock appears to be undervalued. The current stock price of ₹298.45 is trading 46.4% below its estimated GF Value™ of ₹557.20. GuruFocus considers Nitin Castings to be Significantly Undervalued.

Key valuation signals for BOM:508875:

  • Interest Coverage: 4.54 (60% below median its 10-year median of 11.24)
  • GF Value™: ₹557.20 vs. price of ₹298.45 (46.4% below fair value)
  • GF Score™: 70/100 with 1 warning sign
  • Industry Position: 69.4% below the Industrial Products median (#1475 of 2335)

No single metric tells the full story. See the BOM:508875 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nitin Castings Business Description

Address Almeida Road, 3rd Floor, Prestige Precinct, Panchpakhadi, Thane West, Mumbai, MH, IND, 400601
Nitin Castings Ltd is an Indian based company that operates in the alloy steel castings business. It is involved in the manufacturing of manganese steel, low alloy steel, and chromium steel. The product offered by the group includes balls for ball valves, seat rings, cages, hydrant valves, strainers, grate bars, chain links, side plates, and others. The company operates in a single segment, i.e., Manufacturing of Alloy Steel Castings.
70GF Score

Get the complete analysis for BOM:508875

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹298.45
Price
₹557.20
GF Value