India Gelatine & Chemicals (BOM:531253) Interest Coverage: 22.47 (As of Mar. 2026) — 68% Below Median


BOM:531253 India Gelatine & Chemicals Ltd BOM:531253
80 GF Score
Price ₹365.15
GF Value ₹306.12
Valuation Modestly Overvalued
! 4 Warning Signs
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What is India Gelatine & Chemicals Interest Coverage?

India Gelatine & Chemicals BOM:531253 +2.77% 80 Interest Coverage is 22.47 as of Mar. 2026, which is 68% below its 10-year median of 69.34. GuruFocus rates BOM:531253 with a GF Score™ of 80/100 and a GF Value™ of ₹306.12 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,232 Chemicals companies, India Gelatine & Chemicals ranks better than 77.11% 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. India Gelatine & Chemicals's Operating Income for the three months ended in Mar. 2026 was ₹39 Mil. India Gelatine & Chemicals's Interest Expense for the three months ended in Mar. 2026 was ₹-2 Mil. India Gelatine & Chemicals's interest coverage for the quarter that ended in Mar. 2026 was 22.47. 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. India Gelatine & Chemicals Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

BOM:531253' s Interest Coverage Range Over the Past 10 Years
Min: 23.11   Med: 69.34   Max: 406.47
Current: 50.81


BOM:531253's Interest Coverage is ranked better than
77.11% of 1232 companies
in the Chemicals industry
Industry Median: 10.13 vs BOM:531253: 50.81

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


India Gelatine & Chemicals  (BOM:531253) 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 .


India Gelatine & Chemicals Interest Coverage Related Terms


India Gelatine & Chemicals Interest Coverage Historical Data

* Premium members only.

The historical data trend for India Gelatine & 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.

India Gelatine & Chemicals Interest Coverage Chart

India Gelatine & 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 32.39 93.39 52.23 23.11 50.81

India Gelatine & 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 21.72 59.08 69.28 71.75 22.47

BOM:531253 vs LIN, SHW, ECL: Interest Coverage Comparison

For the Specialty Chemicals subindustry, India Gelatine & 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.


India Gelatine & Chemicals Interest Coverage vs Chemicals Industry

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

* The bar in red indicates where India Gelatine & Chemicals's Interest Coverage falls into.


BOM:531253
80GF Score
India Gelatine & Chemicals Ltd BOM:531253
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

India Gelatine & 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.

India Gelatine & 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, India Gelatine & Chemicals's Interest Expense was ₹-5 Mil. Its Operating Income was ₹247 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹14 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*247.117/-4.864
=50.81

India Gelatine & Chemicals's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, India Gelatine & Chemicals's Interest Expense was ₹-2 Mil. Its Operating Income was ₹39 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹14 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*38.619/-1.719
=22.47

* 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 22.47 mean?
India Gelatine & Chemicals (BOM:531253) has a Interest Coverage of 22.47 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on India Gelatine & Chemicals and its competitors. This is 68% below median its historical median of 69.34. Over the past decade, India Gelatine & Chemicals' Interest Coverage has ranged from 23.11 to 406.47. According to the industry distribution chart, India Gelatine & Chemicals ranks #282 out of 1232 companies in the Chemicals industry, placing it in the top 22.9%.
Is India Gelatine & Chemicals' Interest Coverage too high?
India Gelatine & Chemicals' current Interest Coverage of 22.47 is 68% below median its 10-year median of 69.34. Over the past 10 years, this metric has ranged from a low of 23.11 to a high of 406.47. The Chemicals industry median Interest Coverage is 10.13. India Gelatine & Chemicals' value of 22.47 is 121.8% above this industry median. Based on the distribution chart, India Gelatine & Chemicals ranks #282 out of 1232 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, India Gelatine & Chemicals has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does India Gelatine & Chemicals' Interest Coverage compare to LIN and SHW?
According to the Chemicals industry distribution chart, India Gelatine & Chemicals ranks #282 out of 1232 companies for Interest Coverage. This places India Gelatine & Chemicals in the top 23% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 10.13. India Gelatine & Chemicals' value of 22.47 is 121.8% above this benchmark. Historically, India Gelatine & Chemicals' own Interest Coverage has ranged from 23.11 to 406.47 over the past decade. While the company's 10-year median is 69.34 vs. the industry median of 10.13, India Gelatine & Chemicals 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 Chemicals company?
The median Interest Coverage among Chemicals companies is 10.13, based on 1,232 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. India Gelatine & Chemicals's current Interest Coverage of 22.47 is 121.8% 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 India Gelatine & Chemicals and its competitors. For the Chemicals industry, the median Interest Coverage is 10.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. India Gelatine & Chemicals's current Interest Coverage is 22.47, which is 68% below median its own 10-year median of 69.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is India Gelatine & Chemicals stock overvalued right now?
Based on GuruFocus' analysis, India Gelatine & Chemicals (BOM:531253) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹306.12, compared to a current price of ₹365.15 — trading 19.3% above its estimated fair value. The current Interest Coverage is 22.47, which is 68% below median its 10-year median of 69.34 and 121.8% above the Chemicals industry median of 10.13. India Gelatine & Chemicals' overall GF Score™ is 80/100 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 India Gelatine & Chemicals (BOM:531253), the current Interest Coverage is 22.47 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 India Gelatine & Chemicals (BOM:531253) Overvalued in 2026?

Based on GuruFocus' analysis, India Gelatine & Chemicals stock appears to be overvalued. The current stock price of ₹365.15 is trading 19.3% above its estimated GF Value™ of ₹306.12. GuruFocus considers India Gelatine & Chemicals to be Modestly Overvalued.

Key valuation signals for BOM:531253:

  • Interest Coverage: 22.47 (68% below median its 10-year median of 69.34)
  • GF Value™: ₹306.12 vs. price of ₹365.15 (19.3% above fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 121.8% above the Chemicals median (#282 of 1232)

No single metric tells the full story. See the BOM:531253 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


India Gelatine & Chemicals Business Description

Address 77/78/79, Mittal Chambers, 228, Nariman Point, Mumbai, MH, IND, 400021
India Gelatine & Chemicals Ltd manufactures Ossein and Gelatine-based products. The company's activities include extraction, purification, evaporation, drying, grinding, sieving, and blending of gelatine. Its products include Edible Gelatine, Photographic Gelatine, Technical Gelatine, and Pharmaceutical Gelatine. The group derives revenue from India, the Far East, Europe, and other regions, of which a majority of revenue is derived within India.
80GF Score

Get the complete analysis for BOM:531253

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

₹365.15
Price
₹306.12
GF Value