Spice Islands Industries (BOM:526827) Interest Coverage: 37.50 (As of Mar. 2026) — 50% Below Median

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BOM:526827 Spice Islands Industries Ltd BOM:526827
28 GF Score
Price ₹489.45
! 6 Warning Signs
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What is Spice Islands Industries Interest Coverage?

Spice Islands Industries BOM:526827 -0.64% 28 Interest Coverage is 37.50 as of Mar. 2026, which is 50% below its 10-year median of 75.46. GuruFocus rates BOM:526827 with a GF Score™ of 28/100. The stock has 6 warning signs investors should review. Among 91 Beverages - Non-Alcoholic companies, Spice Islands Industries ranks better than 71.43% 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. Spice Islands Industries's Operating Income for the three months ended in Mar. 2026 was ₹11.0 Mil. Spice Islands Industries's Interest Expense for the three months ended in Mar. 2026 was ₹-0.3 Mil. Spice Islands Industries's interest coverage for the quarter that ended in Mar. 2026 was 37.50. The higher the ratio, the stronger the company's financial strength is.

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

BOM:526827' s Interest Coverage Range Over the Past 10 Years
Min: 44.12   Med: 75.46   Max: 75.46
Current: 44.12


BOM:526827's Interest Coverage is ranked better than
71.43% of 91 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 12.64 vs BOM:526827: 44.12

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


Spice Islands Industries  (BOM:526827) 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 .


Spice Islands Industries Interest Coverage Related Terms


Spice Islands Industries Interest Coverage Historical Data

* Premium members only.

The historical data trend for Spice Islands 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.

Spice Islands Industries Interest Coverage Chart

Spice Islands 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 0.00 75.46

Spice Islands 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 0.00 34.12 8.01 100.66 37.50

BOM:526827 vs KO, PEP, MNST: Interest Coverage Comparison

For the Beverages - Non-Alcoholic subindustry, Spice Islands 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.


Spice Islands Industries Interest Coverage vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Spice Islands Industries's Interest Coverage distribution charts can be found below:

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


BOM:526827
28GF Score
Spice Islands Industries Ltd BOM:526827
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spice Islands 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.

Spice Islands 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, Spice Islands Industries's Interest Expense was ₹-0.4 Mil. Its Operating Income was ₹26.6 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*26.561/-0.352
=75.46

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

Here, for the three months ended in Mar. 2026, Spice Islands Industries's Interest Expense was ₹-0.3 Mil. Its Operating Income was ₹11.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*11.024/-0.294
=37.50

* 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 37.50 mean?
Spice Islands Industries (BOM:526827) has a Interest Coverage of 37.50 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Spice Islands Industries and its competitors. This is 50% below median its historical median of 75.46. Over the past decade, Spice Islands Industries' Interest Coverage has ranged from 44.12 to 75.46. According to the industry distribution chart, Spice Islands Industries ranks #26 out of 91 companies in the Beverages - Non-Alcoholic industry, placing it in the top 28.6%.
Is Spice Islands Industries' Interest Coverage too high?
Spice Islands Industries' current Interest Coverage of 37.50 is 50% below median its 10-year median of 75.46. Over the past 10 years, this metric has ranged from a low of 44.12 to a high of 75.46. The Beverages - Non-Alcoholic industry median Interest Coverage is 12.64. Spice Islands Industries' value of 37.50 is 196.7% above this industry median. Based on the distribution chart, Spice Islands Industries ranks #26 out of 91 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, Spice Islands Industries has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Spice Islands Industries' Interest Coverage compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Spice Islands Industries ranks #26 out of 91 companies for Interest Coverage. This puts Spice Islands Industries in the upper half of its industry. The industry median Interest Coverage is 12.64. Spice Islands Industries' value of 37.50 is 196.7% above this benchmark. Historically, Spice Islands Industries' own Interest Coverage has ranged from 44.12 to 75.46 over the past decade. While the company's 10-year median is 75.46 vs. the industry median of 12.64, Spice Islands 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 Beverages - Non-Alcoholic company?
The median Interest Coverage among Beverages - Non-Alcoholic companies is 12.64, based on 91 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. Spice Islands Industries's current Interest Coverage of 37.50 is 196.7% 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 Spice Islands Industries and its competitors. For the Beverages - Non-Alcoholic industry, the median Interest Coverage is 12.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spice Islands Industries's current Interest Coverage is 37.50, which is 50% below median its own 10-year median of 75.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spice Islands Industries stock overvalued right now?
Spice Islands Industries (BOM:526827) has a current Interest Coverage of 37.50. The current Interest Coverage is 37.50, which is 50% below median its 10-year median of 75.46 and 196.7% above the Beverages - Non-Alcoholic industry median of 12.64. Spice Islands Industries' overall GF Score™ is 28/100 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 Spice Islands Industries (BOM:526827), the current Interest Coverage is 37.50 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.

Spice Islands Industries Business Description

Address L. B. S. Marg, Unit 3043-3048, 3rd Floor, Bhandup Industrial Estate, Pannalal Silk Mills Compound, Bhandup (West), Mumbai, MH, IND, 400078
Spice Islands Industries Ltd operates mainly in three areas: i) trading branded packaged beverages, ii) providing hospitality services, and iii) renting electric vehicles (two-wheelers). The rental of electric vehicles: The company has purchased electric vehicles during the year and earns revenue from customers based on the right to use them. The Food and beverages: The company also trades various types of drinks, including carbonated and pulp-based drinks, as well as drinking water. The Hospitality business: It offers services such as room rentals and restaurant services, including banquet services, to various customers. To provide these services, the company has acquired a hotel in Gujarat on a rental basis. The majority of its revenue comes from the food and beverages sector.
28GF Score

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

₹489.45
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