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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. Nova Iron & Steel's
Operating Income
for the
three
months ended in Dec. 2025 was ₹-75 Mil. Nova Iron & Steel's Interest Expense for the
three
months ended in Dec. 2025 was ₹-47 Mil.
did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Nova Iron & Steel's Interest Coverage or its related term are showing as below:
BOM:513566's Interest Coverage is not ranked *
in the Steel industry.
Industry Median: 4.6 * Ranked among companies with meaningful Interest Coverage only.
Nova Iron & Steel (BOM:513566) 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 .
Nova Iron & Steel Interest Coverage Related Terms
Nova Iron & Steel Interest Coverage Historical Data
* Premium members only.
The historical data trend for Nova Iron & Steel'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:513566 vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, Nova Iron & Steel'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.
Nova Iron & Steel Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, Nova Iron & Steel's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Nova Iron & Steel'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:
Nova Iron & Steel did not have earnings to cover the 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 0 (At Loss) mean?
Nova Iron & Steel (BOM:513566) has a Interest Coverage of 0 (At Loss) as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Nova Iron & Steel and its competitors. According to the industry distribution chart, Nova Iron & Steel ranks #999999 out of 459 companies in the Steel industry.
Is Nova Iron & Steel's Interest Coverage too high?
Nova Iron & Steel's current Interest Coverage is 0 (At Loss). Based on the distribution chart, Nova Iron & Steel ranks #999999 out of 459 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Nova Iron & Steel has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nova Iron & Steel's Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, Nova Iron & Steel ranks #999999 out of 459 companies for Interest Coverage. This places Nova Iron & Steel in the lower half of its industry. The industry median Interest Coverage is 4.60. 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. 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 Nova Iron & Steel 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. Nova Iron & Steel's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nova Iron & Steel stock overvalued right now?
Based on GuruFocus' analysis, Nova Iron & Steel (BOM:513566) is currently considered Fairly Valued. The stock's GF Value™ is ₹13.11, compared to a current price of ₹12.07 — trading 7.9% below its estimated fair value. The current Interest Coverage is 0 (At Loss). Nova Iron & Steel's overall GF Score™ is 56/100 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 Nova Iron & Steel (BOM:513566), the current Interest Coverage is 0 (At Loss) as of Dec. 2025. 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 Nova Iron & Steel (BOM:513566) Overvalued in 2026?
Based on GuruFocus' analysis, Nova Iron & Steel stock appears to be undervalued.
The current stock price of ₹12.07 is trading 7.9% below its estimated GF Value™ of ₹13.11.
GuruFocus considers Nova Iron & Steel to be Fairly Valued.
Key valuation signals for BOM:513566:
Interest Coverage: 0 (At Loss)
GF Value™: ₹13.11 vs. price of ₹12.07 (7.9% below fair value)
No single metric tells the full story. See the BOM:513566 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nova Iron & Steel Ltd is an Indian company engaged in the business of manufacturing and trading iron, steel, metals, securities, and natural resources.
56GF Score
Get the complete analysis for BOM:513566
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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