Ishan Dyes and Chemicals (BOM:531109) Interest Coverage: 1.23 (As of Mar. 2026) — 87% Below Median

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BOM:531109 Ishan Dyes and Chemicals Ltd BOM:531109
63 GF Score
Price ₹54.50
GF Value ₹49.08
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Ishan Dyes and Chemicals Interest Coverage?

Ishan Dyes and Chemicals BOM:531109 -0.73% 63 Interest Coverage is 1.23 as of Mar. 2026, which is 87% below its 10-year median of 9.12. GuruFocus rates BOM:531109 with a GF Score™ of 63/100 and a GF Value™ of ₹49.08 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,233 Chemicals companies, Ishan Dyes and Chemicals ranks worse than 81102.92% 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. Ishan Dyes and Chemicals's Operating Income for the three months ended in Mar. 2026 was ₹35.1 Mil. Ishan Dyes and Chemicals's Interest Expense for the three months ended in Mar. 2026 was ₹-28.6 Mil. Ishan Dyes and Chemicals's interest coverage for the quarter that ended in Mar. 2026 was 1.23. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Ishan Dyes and Chemicals's Interest Coverage or its related term are showing as below:


BOM:531109's Interest Coverage is not ranked *
in the Chemicals industry.
Industry Median: 10.26
* 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.


Ishan Dyes and Chemicals  (BOM:531109) 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 .


Ishan Dyes and Chemicals Interest Coverage Related Terms


Ishan Dyes and Chemicals Interest Coverage Historical Data

* Premium members only.

The historical data trend for Ishan Dyes and Chemicals'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.

Ishan Dyes and Chemicals Interest Coverage Chart

Ishan Dyes and Chemicals 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 9.61 0.00 0.21 0.83 0.00

Ishan Dyes and Chemicals 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 0.97 0.00 0.00 1.23

BOM:531109 vs DOW: Interest Coverage Comparison

For the Chemicals subindustry, Ishan Dyes and Chemicals'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.


Ishan Dyes and Chemicals Interest Coverage vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ishan Dyes and Chemicals's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ishan Dyes and Chemicals's Interest Coverage falls into.


BOM:531109
63GF Score
Ishan Dyes and Chemicals Ltd BOM:531109
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ishan Dyes and Chemicals 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.

Ishan Dyes and Chemicals'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, Ishan Dyes and Chemicals's Interest Expense was ₹-70.2 Mil. Its Operating Income was ₹-11.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹327.5 Mil.

Ishan Dyes and Chemicals did not have earnings to cover the interest expense.

Ishan Dyes and Chemicals's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Ishan Dyes and Chemicals's Interest Expense was ₹-28.6 Mil. Its Operating Income was ₹35.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹327.5 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*35.101/-28.579
=1.23

* 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 1.23 mean?
Ishan Dyes and Chemicals (BOM:531109) has a Interest Coverage of 1.23 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ishan Dyes and Chemicals and its competitors. This is 87% below median its historical median of 9.12. According to the industry distribution chart, Ishan Dyes and Chemicals ranks #999999 out of 1233 companies in the Chemicals industry.
Is Ishan Dyes and Chemicals' Interest Coverage too high?
Ishan Dyes and Chemicals' current Interest Coverage of 1.23 is 87% below median its 10-year median of 9.12. The Chemicals industry median Interest Coverage is 10.26. Ishan Dyes and Chemicals' value of 1.23 is 88% below this industry median. Based on the distribution chart, Ishan Dyes and Chemicals ranks #999999 out of 1233 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Ishan Dyes and Chemicals has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ishan Dyes and Chemicals' Interest Coverage compare to DOW?
According to the Chemicals industry distribution chart, Ishan Dyes and Chemicals ranks #999999 out of 1233 companies for Interest Coverage. This places Ishan Dyes and Chemicals in the lower half of its industry. The industry median Interest Coverage is 10.26. Ishan Dyes and Chemicals' value of 1.23 is 88% below this benchmark. While the company's 10-year median is 9.12 vs. the industry median of 10.26, Ishan Dyes and Chemicals has consistently been below 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 Chemicals company?
The median Interest Coverage among Chemicals companies is 10.26, based on 1,233 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. Ishan Dyes and Chemicals's current Interest Coverage of 1.23 is 88% below 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 Ishan Dyes and Chemicals and its competitors. For the Chemicals industry, the median Interest Coverage is 10.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ishan Dyes and Chemicals's current Interest Coverage is 1.23, which is 87% below median its own 10-year median of 9.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ishan Dyes and Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Ishan Dyes and Chemicals (BOM:531109) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹49.08, compared to a current price of ₹54.50 — trading 11% above its estimated fair value. The current Interest Coverage is 1.23, which is 87% below median its 10-year median of 9.12 and 88% below the Chemicals industry median of 10.26. Ishan Dyes and Chemicals' overall GF Score™ is 63/100 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 Ishan Dyes and Chemicals (BOM:531109), the current Interest Coverage is 1.23 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 Ishan Dyes and Chemicals (BOM:531109) Overvalued in 2026?

Based on GuruFocus' analysis, Ishan Dyes and Chemicals stock appears to be overvalued. The current stock price of ₹54.50 is trading 11% above its estimated GF Value™ of ₹49.08. GuruFocus considers Ishan Dyes and Chemicals to be Modestly Overvalued.

Key valuation signals for BOM:531109:

  • Interest Coverage: 1.23 (87% below median its 10-year median of 9.12)
  • GF Value™: ₹49.08 vs. price of ₹54.50 (11% above fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 88% below the Chemicals median (#999999 of 1233)

No single metric tells the full story. See the BOM:531109 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ishan Dyes and Chemicals Business Description

Other Exchanges ISHANCH:India
Address 18, G.I.D.C Estate, Phase - 1, Vatva, Ahmedabad, GJ, IND, 382 445
Ishan Dyes and Chemicals Ltd is an India-based company that manufactures chemicals. The company's principal product includes Phthalocyanine blue products. It offers various categories of products such as CPC Blue, Pigment Alpha Blues, and Pigment Beta Blue. In addition, the company manufactures a range of solvent dyes that are soluble in organic solvents. It provides phthalocyanine blue pigments for plastics, water-based, and offset inks and paint.
63GF Score

Get the complete analysis for BOM:531109

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

₹54.50
Price
₹49.08
GF Value