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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. Mini Diamonds (India)'s
Operating Income
for the
three
months ended in Mar. 2026 was ₹-87 Mil. Mini Diamonds (India)'s Interest Expense for the
three
months ended in Mar. 2026 was ₹-0 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 Mini Diamonds (India)'s Interest Coverage or its related term are showing as below:
BOM:523373'
s Interest Coverage Range Over the Past 10 Years
Min: 0.9 Med: 37.79 Max: 357.48
Current: 21.4
BOM:523373's Interest Coverage is ranked better than 72.76% of 837
companies
in the Retail - Cyclical industry
Industry Median: 7.43
vs BOM:523373: 21.40
Mini Diamonds (India) (BOM:523373) 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 .
Mini Diamonds (India) Interest Coverage Related Terms
Mini Diamonds (India) Interest Coverage Historical Data
* Premium members only.
The historical data trend for Mini Diamonds (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.
For the Luxury Goods subindustry, Mini Diamonds (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.
Mini Diamonds (India) Interest Coverage vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Mini Diamonds (India)'s Interest Coverage distribution charts can be found below:
* The bar in red indicates where Mini Diamonds (India)'s Interest Coverage falls into.
Mini Diamonds (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:
Mini Diamonds (India) 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?
Mini Diamonds (India) (BOM:523373) has a Interest Coverage of 0 (At Loss) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Mini Diamonds (India) and its competitors. Over the past decade, Mini Diamonds (India)'s Interest Coverage has ranged from 0.90 to 357.48. According to the industry distribution chart, Mini Diamonds (India) ranks #228 out of 837 companies in the Retail - Cyclical industry, placing it in the top 27.2%.
Is Mini Diamonds (India)'s Interest Coverage too high?
Mini Diamonds (India)'s current Interest Coverage is 0 (At Loss). Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 357.48. Based on the distribution chart, Mini Diamonds (India) ranks #228 out of 837 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Mini Diamonds (India) has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mini Diamonds (India)'s Interest Coverage compare to TPR?
According to the Retail - Cyclical industry distribution chart, Mini Diamonds (India) ranks #228 out of 837 companies for Interest Coverage. This puts Mini Diamonds (India) in the upper half of its industry. The industry median Interest Coverage is 7.43. Historically, Mini Diamonds (India)'s own Interest Coverage has ranged from 0.90 to 357.48 over the past decade. 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 7.43, based on 837 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 Mini Diamonds (India) and its competitors. For the Retail - Cyclical industry, the median Interest Coverage is 7.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mini Diamonds (India)'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 Mini Diamonds (India) stock overvalued right now?
Based on GuruFocus' analysis, Mini Diamonds (India) (BOM:523373) is currently considered Fairly Valued. The stock's GF Value™ is ₹4.75, compared to a current price of ₹5.18 — trading 9.1% above its estimated fair value. The current Interest Coverage is 0 (At Loss). Mini Diamonds (India)'s overall GF Score™ is 60/100 with 5 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 Mini Diamonds (India) (BOM:523373), the current Interest Coverage is 0 (At Loss) 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 Mini Diamonds (India) (BOM:523373) Overvalued in 2026?
Based on GuruFocus' analysis, Mini Diamonds (India) stock appears to be overvalued.
The current stock price of ₹5.18 is trading 9.1% above its estimated GF Value™ of ₹4.75.
GuruFocus considers Mini Diamonds (India) to be Fairly Valued.
Key valuation signals for BOM:523373:
Interest Coverage: 0 (At Loss)
GF Value™: ₹4.75 vs. price of ₹5.18 (9.1% above fair value)
No single metric tells the full story. See the BOM:523373 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mini Diamonds (India) Ltd is engaged in cutting and polishing of diamonds and trading. The diamonds provided by the company include cut and polished diamonds with all modern machinery like Sarin Technology, Auto Bruting Machines, Semi Automatic Polishing Mills, Sawing Machines, etc. It operates in one segment, which is Jewellery manufacturing. Geographically, the company generates revenue from Belgium, UAE, Canada, Hong Kong, and India, with the majority of revenue generated from India.
60GF Score
Get the complete analysis for BOM:523373
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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