Vega Jewellers (BOM:512026) Interest Coverage: 5.68 (As of Jun. 2026) — 23% Above Median

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BOM:512026 Vega Jewellers Ltd BOM:512026
28 GF Score
Price ₹61.95
! 6 Warning Signs
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What is Vega Jewellers Interest Coverage?

Vega Jewellers BOM:512026 28 Interest Coverage is 5.68 as of Jun. 2026, which is 23% above its 10-year median of 4.61. GuruFocus rates BOM:512026 with a GF Score™ of 28/100. The stock has 6 warning signs investors should review. Among 838 Retail - Cyclical companies, Vega Jewellers ranks worse than 59.9% 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. Vega Jewellers's Operating Income for the three months ended in Jun. 2026 was ₹363 Mil. Vega Jewellers's Interest Expense for the three months ended in Jun. 2026 was ₹-64 Mil. Vega Jewellers's interest coverage for the quarter that ended in Jun. 2026 was 5.68. The higher the ratio, the stronger the company's financial strength is.

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

BOM:512026' s Interest Coverage Range Over the Past 10 Years
Min: 0.57   Med: 4.61   Max: No Debt
Current: 5.2


BOM:512026's Interest Coverage is ranked worse than
59.9% of 838 companies
in the Retail - Cyclical industry
Industry Median: 7.445 vs BOM:512026: 5.20

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


Vega Jewellers  (BOM:512026) 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 .


Vega Jewellers Interest Coverage Related Terms


Vega Jewellers Interest Coverage Historical Data

* Premium members only.

The historical data trend for Vega Jewellers'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.

Vega Jewellers Interest Coverage Chart

Vega Jewellers 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 No Debt No Debt No Debt 0.00 4.61

Vega Jewellers 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 2.74 4.76 4.78 5.39 5.68

BOM:512026 vs TPR: Interest Coverage Comparison

For the Luxury Goods subindustry, Vega Jewellers'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.


Vega Jewellers Interest Coverage vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Vega Jewellers's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Vega Jewellers's Interest Coverage falls into.


BOM:512026
28GF Score
Vega Jewellers Ltd BOM:512026
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vega Jewellers 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.

Vega Jewellers'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, Vega Jewellers's Interest Expense was ₹-174 Mil. Its Operating Income was ₹803 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹682 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*802.962/-174.172
=4.61

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

Here, for the three months ended in Jun. 2026, Vega Jewellers's Interest Expense was ₹-64 Mil. Its Operating Income was ₹363 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*362.83/-63.93
=5.68

* 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 5.68 mean?
Vega Jewellers (BOM:512026) has a Interest Coverage of 5.68 as of Jun. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Vega Jewellers and its competitors. This is 23% above median its historical median of 4.61. Over the past decade, Vega Jewellers' Interest Coverage has ranged from 0.57 to 10,000.00. According to the industry distribution chart, Vega Jewellers ranks #502 out of 838 companies in the Retail - Cyclical industry, placing it in the top 59.9%.
Is Vega Jewellers' Interest Coverage too high?
Vega Jewellers' current Interest Coverage of 5.68 is 23% above median its 10-year median of 4.61. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 10,000.00. The Retail - Cyclical industry median Interest Coverage is 7.45. Vega Jewellers' value of 5.68 is 23.7% below this industry median. Based on the distribution chart, Vega Jewellers ranks #502 out of 838 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Vega Jewellers has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Vega Jewellers' Interest Coverage compare to TPR?
According to the Retail - Cyclical industry distribution chart, Vega Jewellers ranks #502 out of 838 companies for Interest Coverage. This places Vega Jewellers in the lower half of its industry. The industry median Interest Coverage is 7.45. Vega Jewellers' value of 5.68 is 23.7% below this benchmark. Historically, Vega Jewellers' own Interest Coverage has ranged from 0.57 to 10,000.00 over the past decade. While the company's 10-year median is 4.61 vs. the industry median of 7.45, Vega Jewellers 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 a Retail - Cyclical company?
The median Interest Coverage among Retail - Cyclical companies is 7.45, based on 838 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. Vega Jewellers's current Interest Coverage of 5.68 is 23.7% 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 Vega Jewellers and its competitors. For the Retail - Cyclical industry, the median Interest Coverage is 7.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vega Jewellers's current Interest Coverage is 5.68, which is 23% above median its own 10-year median of 4.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vega Jewellers stock overvalued right now?
Vega Jewellers (BOM:512026) has a current Interest Coverage of 5.68. The current Interest Coverage is 5.68, which is 23% above median its 10-year median of 4.61 and 23.7% below the Retail - Cyclical industry median of 7.45. Vega Jewellers' overall GF Score™ is 28/100 with 6 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 Vega Jewellers (BOM:512026), the current Interest Coverage is 5.68 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.

Vega Jewellers Business Description

Address Road No. 12, 3rd Floor, Banjara Hills, Opposite Police Twin Towers, Above JSP Hyundai Showroom, Hyderabad, TG, IND, 500034
Vega Jewellers Ltd is mainly engaged in the business of jewellery retailing. The company is involved in trading industrial chemicals, and has expanded its business to include the trading, manufacturing, and dealing of all kinds of ornaments and jewellery. Its product portfolio comprises a wide range of jewellery products such as diamond necklaces, diamond rings, polki bangles, kundan pendants, chowkers, gold bangles, and a collection of antique and bridal jewellery products, among others.
28GF Score

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

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