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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. National General Industries's
Operating Income
for the
three
months ended in Mar. 2026 was ₹-7.89 Mil. National General Industries's Interest Expense for the
three
months ended in Mar. 2026 was ₹-0.21 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 National General Industries's Interest Coverage or its related term are showing as below:
BOM:531651's Interest Coverage is not ranked *
in the Steel industry.
Industry Median: 4.49 * Ranked among companies with meaningful Interest Coverage only.
National General Industries (BOM:531651) 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 .
National General Industries Interest Coverage Related Terms
National General Industries Interest Coverage Historical Data
* 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.
National General Industries Interest Coverage Chart
BOM:531651 vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, National General 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.
National General Industries Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, National General Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where National General Industries's Interest Coverage falls into.
National General 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:
National General Industries 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?
National General Industries (BOM:531651) 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 National General Industries and its competitors. According to the industry distribution chart, National General Industries ranks #999999 out of 458 companies in the Steel industry.
Is National General Industries' Interest Coverage too high?
National General Industries' current Interest Coverage is 0 (At Loss). Based on the distribution chart, National General Industries ranks #999999 out of 458 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, National General Industries has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National General Industries' Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, National General Industries ranks #999999 out of 458 companies for Interest Coverage. This places National General Industries in the lower half of its industry. The industry median Interest Coverage is 4.49. 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 Steel company?
The median Interest Coverage among Steel companies is 4.49, based on 458 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 National General Industries and its competitors. For the Steel industry, the median Interest Coverage is 4.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National General Industries'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 National General Industries stock overvalued right now?
Based on GuruFocus' analysis, National General Industries (BOM:531651) is currently considered Fairly Valued. The stock's GF Value™ is ₹53.42, compared to a current price of ₹57.69 — trading 8% above its estimated fair value. The current Interest Coverage is 0 (At Loss). National General Industries' overall GF Score™ is 52/100 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 National General Industries (BOM:531651), 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 National General Industries (BOM:531651) Overvalued in 2026?
Based on GuruFocus' analysis, National General Industries stock appears to be overvalued.
The current stock price of ₹57.69 is trading 8% above its estimated GF Value™ of ₹53.42.
GuruFocus considers National General Industries to be Fairly Valued.
Key valuation signals for BOM:531651:
Interest Coverage: 0 (At Loss)
GF Value™: ₹53.42 vs. price of ₹57.69 (8% above fair value)
No single metric tells the full story. See the BOM:531651 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National General Industries Ltd is active in the steel industry, engaged in the production and sale of steel through its rolling unit located in Ghaziabad, Uttar Pradesh. It manufactures hot-rolled steel rounds, steel squares, and steel flats. The company operates in two segments: steel manufacturing and investments, with the majority of its revenue generated from steel manufacturing.
52GF Score
Get the complete analysis for BOM:531651
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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