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India HomesBOM:513361 -0.09%22 Interest Coverage is 12.90 as of Mar. 2026, which is 447% above its 10-year median of 2.36. GuruFocus rates BOM:513361 with a GF Score™ of 22/100. The stock has 8 warning signs investors should review. Among 459 Steel companies, India Homes ranks worse than 50.76% 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. India Homes's
Operating Income
for the
three
months ended in Mar. 2026 was ₹231.7 Mil. India Homes's Interest Expense for the
three
months ended in Mar. 2026 was ₹-18.0 Mil.
India Homes's interest coverage for the quarter that ended in Mar. 2026 was 12.90.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. India Homes Ltd interest coverage is 4.39, which is low.
The historical rank and industry rank for India Homes's Interest Coverage or its related term are showing as below:
BOM:513361'
s Interest Coverage Range Over the Past 10 Years
Min: 0.32 Med: 2.36 Max: 4.39
Current: 4.39
BOM:513361's Interest Coverage is ranked worse than 50.76% of 459
companies
in the Steel industry
Industry Median: 4.6
vs BOM:513361: 4.39
India Homes (BOM:513361) 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 .
India Homes Interest Coverage Related Terms
India Homes Interest Coverage Historical Data
* Premium members only.
The historical data trend for India Homes'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:513361 vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, India Homes'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.
India Homes Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, India Homes's Interest Coverage distribution charts can be found below:
* The bar in red indicates where India Homes'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.
India Homes (BOM:513361) has a Interest Coverage of 12.90 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on India Homes and its competitors. This is 447% above median its historical median of 2.36. Over the past decade, India Homes' Interest Coverage has ranged from 0.32 to 4.39. According to the industry distribution chart, India Homes ranks #233 out of 459 companies in the Steel industry, placing it in the top 50.8%.
Is India Homes' Interest Coverage too high?
India Homes' current Interest Coverage of 12.90 is 447% above median its 10-year median of 2.36. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 4.39. The Steel industry median Interest Coverage is 4.60. India Homes' value of 12.90 is 180.4% above this industry median. Based on the distribution chart, India Homes ranks #233 out of 459 companies in the Steel industry, which is below the industry midpoint. Overall, India Homes has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does India Homes' Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, India Homes ranks #233 out of 459 companies for Interest Coverage. This places India Homes in the lower half of its industry. The industry median Interest Coverage is 4.60. India Homes' value of 12.90 is 180.4% above this benchmark. Historically, India Homes' own Interest Coverage has ranged from 0.32 to 4.39 over the past decade. While the company's 10-year median is 2.36 vs. the industry median of 4.60, India Homes 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 Steel company?
The median Interest Coverage among Steel companies is 4.60, based on 459 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. India Homes's current Interest Coverage of 12.90 is 180.4% 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 India Homes and its competitors. For the Steel industry, the median Interest Coverage is 4.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. India Homes's current Interest Coverage is 12.90, which is 447% above median its own 10-year median of 2.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is India Homes stock overvalued right now?
India Homes (BOM:513361) has a current Interest Coverage of 12.90. The current Interest Coverage is 12.90, which is 447% above median its 10-year median of 2.36 and 180.4% above the Steel industry median of 4.60. India Homes' overall GF Score™ is 22/100 with 8 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 India Homes (BOM:513361), the current Interest Coverage is 12.90 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.
India Homes Ltd Formerly India Steel Works Ltd is engaged in the manufacturing and trading of steel products, like Hot rolled, Bars and Rods, Bright Bars extra. It offers products such as steel billets, bright bars, wires, stainless steel products, wire rods, and coils. The company has identified only one segment: Manufacturing & Trading of Stainless Steel & Allied Products.
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