Minal Industries (BOM:522235) Interest Coverage: 81.22 (As of Mar. 2026) — 327% Above Median


BOM:522235 Minal Industries Ltd BOM:522235
51 GF Score
Price ₹2.34
GF Value ₹3.96
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Minal Industries Interest Coverage?

Minal Industries BOM:522235 -3.31% 51 Interest Coverage is 81.22 as of Mar. 2026, which is 327% above its 10-year median of 19.01. GuruFocus rates BOM:522235 with a GF Score™ of 51/100 and a GF Value™ of ₹3.96 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 823 Retail - Cyclical companies, Minal Industries ranks worse than 121506.56% 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. Minal Industries's Operating Income for the three months ended in Mar. 2026 was ₹7.4 Mil. Minal Industries's Interest Expense for the three months ended in Mar. 2026 was ₹-0.1 Mil. Minal Industries's interest coverage for the quarter that ended in Mar. 2026 was 81.22. The higher the ratio, the stronger the company's financial strength is.

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


BOM:522235's Interest Coverage is not ranked *
in the Retail - Cyclical industry.
Industry Median: 7.91
* Ranked among companies with meaningful Interest Coverage only.

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


Minal Industries  (BOM:522235) 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 .


Minal Industries Interest Coverage Related Terms


Minal Industries Interest Coverage Historical Data

* Premium members only.

The historical data trend for Minal Industries'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.

Minal Industries Interest Coverage Chart

Minal Industries 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 0.00 0.00 0.00 19.01 0.00

Minal Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 52.44 27.42 0.00 0.00 81.22

BOM:522235 vs TPR: Interest Coverage Comparison

For the Luxury Goods subindustry, Minal Industries'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.


Minal Industries Interest Coverage vs Retail - Cyclical Industry

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

* The bar in red indicates where Minal Industries's Interest Coverage falls into.


BOM:522235
51GF Score
Minal Industries Ltd BOM:522235
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Minal Industries 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.

Minal Industries'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, Minal Industries's Interest Expense was ₹-0.5 Mil. Its Operating Income was ₹-12.8 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹57.5 Mil.

Minal Industries did not have earnings to cover the interest expense.

Minal Industries's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Minal Industries's Interest Expense was ₹-0.1 Mil. Its Operating Income was ₹7.4 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹57.5 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*7.391/-0.091
=81.22

* 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 81.22 mean?
Minal Industries (BOM:522235) has a Interest Coverage of 81.22 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Minal Industries and its competitors. This is 327% above median its historical median of 19.01. According to the industry distribution chart, Minal Industries ranks #999999 out of 823 companies in the Retail - Cyclical industry.
Is Minal Industries' Interest Coverage too high?
Minal Industries' current Interest Coverage of 81.22 is 327% above median its 10-year median of 19.01. The Retail - Cyclical industry median Interest Coverage is 7.91. Minal Industries' value of 81.22 is 926.8% above this industry median. Based on the distribution chart, Minal Industries ranks #999999 out of 823 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Minal Industries has a GF Score™ of 51/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Minal Industries' Interest Coverage compare to TPR?
According to the Retail - Cyclical industry distribution chart, Minal Industries ranks #999999 out of 823 companies for Interest Coverage. This places Minal Industries in the lower half of its industry. The industry median Interest Coverage is 7.91. Minal Industries' value of 81.22 is 926.8% above this benchmark. While the company's 10-year median is 19.01 vs. the industry median of 7.91, Minal Industries 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 Retail - Cyclical company?
The median Interest Coverage among Retail - Cyclical companies is 7.91, based on 823 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. Minal Industries's current Interest Coverage of 81.22 is 926.8% 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 Minal Industries and its competitors. For the Retail - Cyclical industry, the median Interest Coverage is 7.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Minal Industries's current Interest Coverage is 81.22, which is 327% above median its own 10-year median of 19.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minal Industries stock overvalued right now?
Based on GuruFocus' analysis, Minal Industries (BOM:522235) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹3.96, compared to a current price of ₹2.34 — trading 40.9% below its estimated fair value. The current Interest Coverage is 81.22, which is 327% above median its 10-year median of 19.01 and 926.8% above the Retail - Cyclical industry median of 7.91. Minal Industries' overall GF Score™ is 51/100 with 3 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 Minal Industries (BOM:522235), the current Interest Coverage is 81.22 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.

Is Minal Industries (BOM:522235) Overvalued in 2026?

Based on GuruFocus' analysis, Minal Industries stock appears to be undervalued. The current stock price of ₹2.34 is trading 40.9% below its estimated GF Value™ of ₹3.96. GuruFocus considers Minal Industries to be Significantly Undervalued.

Key valuation signals for BOM:522235:

  • Interest Coverage: 81.22 (327% above median its 10-year median of 19.01)
  • GF Value™: ₹3.96 vs. price of ₹2.34 (40.9% below fair value)
  • GF Score™: 51/100 with 3 warning signs
  • Industry Position: 926.8% above the Retail - Cyclical median (#999999 of 823)

No single metric tells the full story. See the BOM:522235 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Minal Industries Business Description

Address Off Sakivihar Road, 603- l Minal Co-Op Hsg So Ltd, Andheri (East), Mumbai, MH, IND, 400072
Minal Industries Ltd is a diamantaire, jewelry, and engineering company. The company is engaged in the business of manufacturing and selling gold jewelry, diamond-studded jewelry, and silver articles. Geographically, it derives a majority of its revenue from India. The company has one reportable segment, which is Manufacturing and Trading of Gems and Jewelry.
51GF Score

Get the complete analysis for BOM:522235

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

₹2.34
Price
₹3.96
GF Value