Meyer Apparel (BOM:531613) Interest Coverage: 0 (At Loss) (As of Mar. 2026)

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BOM:531613 Meyer Apparel Ltd BOM:531613
24 GF Score
Price ₹1.89
GF Value ₹0.05
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Meyer Apparel Interest Coverage?

Meyer Apparel BOM:531613 -4.55% 24 Interest Coverage is 0 (At Loss) as of Mar. 2026. GuruFocus rates BOM:531613 with a GF Score™ of 24/100 and a GF Value™ of ₹0.05 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 733 Manufacturing - Apparel & Accessories companies, Meyer Apparel ranks worse than 136425.51% 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. Meyer Apparel's Operating Income for the three months ended in Mar. 2026 was ₹-2.23 Mil. Meyer Apparel's Interest Expense for the three months ended in Mar. 2026 was ₹-0.20 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 Meyer Apparel's Interest Coverage or its related term are showing as below:


BOM:531613's Interest Coverage is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 5.44
* 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.


Meyer Apparel  (BOM:531613) 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 .


Meyer Apparel Interest Coverage Related Terms


Meyer Apparel Interest Coverage Historical Data

* Premium members only.

The historical data trend for Meyer Apparel'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.

Meyer Apparel Interest Coverage Chart

Meyer Apparel 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 0.00

Meyer Apparel 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 0.00 0.00 0.00 0.00

BOM:531613 vs RL, LEVI, VFC: Interest Coverage Comparison

For the Apparel Manufacturing subindustry, Meyer Apparel'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.


Meyer Apparel Interest Coverage vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Meyer Apparel's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Meyer Apparel's Interest Coverage falls into.


BOM:531613
24GF Score
Meyer Apparel Ltd BOM:531613
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Meyer Apparel 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.

Meyer Apparel'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, Meyer Apparel's Interest Expense was ₹-0.41 Mil. Its Operating Income was ₹-7.34 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

Meyer Apparel did not have earnings to cover the interest expense.

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

Here, for the three months ended in Mar. 2026, Meyer Apparel's Interest Expense was ₹-0.20 Mil. Its Operating Income was ₹-2.23 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.

Meyer Apparel 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.

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 0 (At Loss) mean?
Meyer Apparel (BOM:531613) 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 Meyer Apparel and its competitors. According to the industry distribution chart, Meyer Apparel ranks #999999 out of 733 companies in the Manufacturing - Apparel & Accessories industry.
Is Meyer Apparel's Interest Coverage too high?
Meyer Apparel's current Interest Coverage is 0 (At Loss). Based on the distribution chart, Meyer Apparel ranks #999999 out of 733 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Meyer Apparel has a GF Score™ of 24/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meyer Apparel's Interest Coverage compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Meyer Apparel ranks #999999 out of 733 companies for Interest Coverage. This places Meyer Apparel in the lower half of its industry. The industry median Interest Coverage is 5.44. 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 Manufacturing - Apparel & Accessories company?
The median Interest Coverage among Manufacturing - Apparel & Accessories companies is 5.44, based on 733 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 Meyer Apparel and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Interest Coverage is 5.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meyer Apparel'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 Meyer Apparel stock overvalued right now?
Based on GuruFocus' analysis, Meyer Apparel (BOM:531613) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.05, compared to a current price of ₹1.89 — trading 3680% above its estimated fair value. The current Interest Coverage is 0 (At Loss). Meyer Apparel's overall GF Score™ is 24/100 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 Meyer Apparel (BOM:531613), 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 Meyer Apparel (BOM:531613) Overvalued in 2026?

Based on GuruFocus' analysis, Meyer Apparel stock appears to be overvalued. The current stock price of ₹1.89 is trading 3680% above its estimated GF Value™ of ₹0.05. GuruFocus considers Meyer Apparel to be Significantly Overvalued.

Key valuation signals for BOM:531613:

  • Interest Coverage: 0 (At Loss)
  • GF Value™: ₹0.05 vs. price of ₹1.89 (3680% above fair value)
  • GF Score™: 24/100 with 6 warning signs

No single metric tells the full story. See the BOM:531613 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Meyer Apparel Business Description

Address No. 3 and 4, Mustil No. 19, Killa No. 5, Opposite Tata Consultancy N.H-8, Village Narsinghpur, Gurugram, HR, IND, 122004
Meyer Apparel Ltd engages in the manufacture and sale of readymade garments. The company provides formal dressing products, including suits; blue/white button-down shirts, ties, and black shoes and belts. It also offers normal wear, such as jeans, white T-shirts, sweaters, and sneakers, as well as jackets and trousers for men. In addition, the company offers accessories, such as leather wallets, watches, ties and eyewear.
24GF Score

Get the complete analysis for BOM:531613

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

₹1.89
Price
₹0.05
GF Value