Maxgrow India (BOM:521167) Interest Coverage: 4,785.63 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:521167 Maxgrow India Ltd BOM:521167
37 GF Score
Price ₹72.98
! 4 Warning Signs
View Full Analysis

What is Maxgrow India Interest Coverage?

Maxgrow India BOM:521167 +4.99% 37 Interest Coverage is 4,785.63 as of Dec. 2025. GuruFocus rates BOM:521167 with a GF Score™ of 37/100. The stock has 4 warning signs investors should review. Among 814 Business Services companies, Maxgrow India ranks better than 93.73% 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. Maxgrow India's Operating Income for the three months ended in Dec. 2025 was ₹1,115 Mil. Maxgrow India's Interest Expense for the three months ended in Dec. 2025 was ₹-0 Mil. Maxgrow India's interest coverage for the quarter that ended in Dec. 2025 was 4,785.63. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Maxgrow India Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

BOM:521167' s Interest Coverage Range Over the Past 10 Years
Min: 0   Med: 0   Max: 4579.62
Current: 4579.62


BOM:521167's Interest Coverage is ranked better than
93.73% of 814 companies
in the Business Services industry
Industry Median: 13.085 vs BOM:521167: 4579.62

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


Maxgrow India  (BOM:521167) 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 .


Maxgrow India Interest Coverage Related Terms


Maxgrow India Interest Coverage Historical Data

* Premium members only.

The historical data trend for Maxgrow 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.

Maxgrow India Interest Coverage Chart

Maxgrow India Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 N/A

Maxgrow India Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Jun25 Sep25 Dec25
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 N/A 0.00 4,908.50 4,165.32 4,785.63

BOM:521167 vs KFY, RHI, TNET: Interest Coverage Comparison

For the Staffing & Employment Services subindustry, Maxgrow 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.


Maxgrow India Interest Coverage vs Business Services Industry

For the Business Services industry and Industrials sector, Maxgrow India's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Maxgrow India's Interest Coverage falls into.


BOM:521167
37GF Score
Maxgrow India Ltd BOM:521167
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maxgrow India 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.

Maxgrow India's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, Maxgrow India's Interest Expense was ₹0 Mil. Its Operating Income was ₹-1 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

GuruFocus does not calculate Maxgrow India's interest coverage with the available data.

Maxgrow India's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the three months ended in Dec. 2025, Maxgrow India's Interest Expense was ₹-0 Mil. Its Operating Income was ₹1,115 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*1115.051/-0.233
=4,785.63

* 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 4,785.63 mean?
Maxgrow India (BOM:521167) has a Interest Coverage of 4,785.63 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Maxgrow India and its competitors. According to the industry distribution chart, Maxgrow India ranks #51 out of 814 companies in the Business Services industry, placing it in the top 6.3%.
Is Maxgrow India's Interest Coverage too high?
Maxgrow India's current Interest Coverage is 4,785.63. The Business Services industry median Interest Coverage is 13.09. Maxgrow India's value of 4,785.63 is 36473.4% above this industry median. Based on the distribution chart, Maxgrow India ranks #51 out of 814 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Maxgrow India has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Maxgrow India's Interest Coverage compare to KFY and RHI?
According to the Business Services industry distribution chart, Maxgrow India ranks #51 out of 814 companies for Interest Coverage. This places Maxgrow India in the top 6% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 13.09. Maxgrow India's value of 4,785.63 is 36473.4% above this benchmark. 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 Business Services company?
The median Interest Coverage among Business Services companies is 13.09, based on 814 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. Maxgrow India's current Interest Coverage of 4,785.63 is 36473.4% 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 Maxgrow India and its competitors. For the Business Services industry, the median Interest Coverage is 13.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maxgrow India's current Interest Coverage is 4,785.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maxgrow India stock overvalued right now?
Maxgrow India (BOM:521167) has a current Interest Coverage of 4,785.63. The current Interest Coverage is 4,785.63 and 36473.4% above the Business Services industry median of 13.09. Maxgrow India's overall GF Score™ is 37/100 with 4 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 Maxgrow India (BOM:521167), the current Interest Coverage is 4,785.63 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.

Maxgrow India Business Description

Address Y. G. Seth Marg, Suchita Business Park, Ground Floor, Office No. UG-50, Ghatkopar - East, Mumbai, MH, IND, 400075
Maxgrow India Ltd is engaged in metals trading with presence in ferrous and nonferrous scrap metals, industrial solutions, sustainable recycling, and value-added metal processing. The company also focuses on large-scale infrastructure projects in the mining and recycling sectors.
37GF Score

Get the complete analysis for BOM:521167

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

₹72.98
Price