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Havells IndiaBOM:517354 +1.43%93 Interest Coverage is 46.49 as of Jun. 2026, which is 8% above its 10-year median of 42.96. GuruFocus rates BOM:517354 with a GF Score™ of 93/100 and a GF Value™ of ₹1,766.39 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,321 Industrial Products companies, Havells India ranks better than 71.65% 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. Havells India's
Operating Income
for the
three
months ended in Jun. 2026 was ₹3,468 Mil. Havells India's Interest Expense for the
three
months ended in Jun. 2026 was ₹-75 Mil.
Havells India's interest coverage for the quarter that ended in Jun. 2026 was 46.49.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Havells India's Interest Coverage or its related term are showing as below:
BOM:517354'
s Interest Coverage Range Over the Past 10 Years
Min: 18.94 Med: 42.96 Max: 70.2
Current: 48.1
BOM:517354's Interest Coverage is ranked better than 71.65% of 2321
companies
in the Industrial Products industry
Industry Median: 14.72
vs BOM:517354: 48.10
Havells India (BOM:517354) 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 .
Havells India Interest Coverage Related Terms
Havells India Interest Coverage Historical Data
* Premium members only.
The historical data trend for Havells India'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:517354 vs VRT, BE: Interest Coverage Comparison
For the Electrical Equipment & Parts subindustry, Havells India'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.
Havells India Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Havells India's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Havells India'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.
Havells India (BOM:517354) has a Interest Coverage of 46.49 as of Jun. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Havells India and its competitors. This is near median its historical median of 42.96. Over the past decade, Havells India's Interest Coverage has ranged from 18.94 to 70.20. According to the industry distribution chart, Havells India ranks #658 out of 2321 companies in the Industrial Products industry, placing it in the top 28.3%.
Is Havells India's Interest Coverage too high?
Havells India's current Interest Coverage of 46.49 is near median its 10-year median of 42.96. Over the past 10 years, this metric has ranged from a low of 18.94 to a high of 70.20. The Industrial Products industry median Interest Coverage is 14.72. Havells India's value of 46.49 is 215.8% above this industry median. Based on the distribution chart, Havells India ranks #658 out of 2321 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Havells India has a GF Score™ of 93/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Havells India's Interest Coverage compare to VRT and BE?
According to the Industrial Products industry distribution chart, Havells India ranks #658 out of 2321 companies for Interest Coverage. This puts Havells India in the upper half of its industry. The industry median Interest Coverage is 14.72. Havells India's value of 46.49 is 215.8% above this benchmark. Historically, Havells India's own Interest Coverage has ranged from 18.94 to 70.20 over the past decade. While the company's 10-year median is 42.96 vs. the industry median of 14.72, Havells India 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 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. Havells India's current Interest Coverage of 46.49 is 215.8% 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 Havells India 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. Havells India's current Interest Coverage is 46.49, which is near median its own 10-year median of 42.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Havells India stock overvalued right now?
Based on GuruFocus' analysis, Havells India (BOM:517354) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,766.39, compared to a current price of ₹1,186.55 — trading 32.8% below its estimated fair value. The current Interest Coverage is 46.49, which is near median its 10-year median of 42.96 and 215.8% above the Industrial Products industry median of 14.72. Havells India's overall GF Score™ is 93/100 with 2 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 Havells India (BOM:517354), the current Interest Coverage is 46.49 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 Havells India (BOM:517354) Overvalued in 2026?
Based on GuruFocus' analysis, Havells India stock appears to be undervalued.
The current stock price of ₹1,186.55 is trading 32.8% below its estimated GF Value™ of ₹1,766.39.
GuruFocus considers Havells India to be Significantly Undervalued.
Key valuation signals for BOM:517354:
Interest Coverage: 46.49 (near median its 10-year median of 42.96)
GF Value™: ₹1,766.39 vs. price of ₹1,186.55 (32.8% below fair value)
Industry Position: 215.8% above the Industrial Products median (#658 of 2321)
No single metric tells the full story. See the BOM:517354 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Havells India Ltd manufactures and distributes electrical equipment for consumer and industrial applications. Its product portfolio includes fans, appliances, switches, lighting, switch gears, circuit breakers, water heaters, air purifiers, flexible cables, air coolers, monoblock and submersible pumps, personal grooming products, motors, and reactive power solutions. The firm has seven manufacturing facilities, all of which are in India. The company operates in multiple segments: Switchgear (domestic and industrial), which derives maximum revenue, Cables (domestic and industrial underground), Lighting and Fixtures (LED lamps), Electrical Consumer Durables (fans, water heaters), Lloyd Consumer products (air conditioners, televisions), and Others (industrial motors, water purifiers).
93GF Score
Get the complete analysis for BOM:517354
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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