Ganga Papers India (BOM:531813) Interest Coverage: 1.91 (As of Mar. 2026) — Near Median


BOM:531813 Ganga Papers India Ltd BOM:531813
63 GF Score
Price ₹84.50
GF Value ₹117.71
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Ganga Papers India Interest Coverage?

Ganga Papers India BOM:531813 +4.84% 63 Interest Coverage is 1.91 as of Mar. 2026, which is 3% above its 10-year median of 1.86. GuruFocus rates BOM:531813 with a GF Score™ of 63/100 and a GF Value™ of ₹117.71 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 183 Forest Products companies, Ganga Papers India ranks worse than 73.22% 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. Ganga Papers India's Operating Income for the three months ended in Mar. 2026 was ₹19 Mil. Ganga Papers India's Interest Expense for the three months ended in Mar. 2026 was ₹-10 Mil. Ganga Papers India's interest coverage for the quarter that ended in Mar. 2026 was 1.91. The higher the ratio, the stronger the company's financial strength is.

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

BOM:531813' s Interest Coverage Range Over the Past 10 Years
Min: 0.99   Med: 1.86   Max: 8.78
Current: 1.67


BOM:531813's Interest Coverage is ranked worse than
73.22% of 183 companies
in the Forest Products industry
Industry Median: 4.11 vs BOM:531813: 1.67

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


Ganga Papers India  (BOM:531813) 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 .


Ganga Papers India Interest Coverage Related Terms


Ganga Papers India Interest Coverage Historical Data

* Premium members only.

The historical data trend for Ganga Papers India'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.

Ganga Papers India Interest Coverage Chart

Ganga Papers India 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 2.99 1.71 0.99 1.81 1.67

Ganga Papers India 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 1.75 1.63 1.47 1.60 1.91

Ganga Papers India Interest Coverage Competitor Comparison

For the Paper & Paper Products subindustry, Ganga Papers India'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.


Ganga Papers India Interest Coverage vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Ganga Papers India's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ganga Papers India's Interest Coverage falls into.


BOM:531813
63GF Score
Ganga Papers India Ltd BOM:531813
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ganga Papers India 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.

Ganga Papers India'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, Ganga Papers India's Interest Expense was ₹-31 Mil. Its Operating Income was ₹52 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹41 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*51.869/-31.025
=1.67

Ganga Papers India's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Ganga Papers India's Interest Expense was ₹-10 Mil. Its Operating Income was ₹19 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹41 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*19.031/-9.977
=1.91

* 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 1.91 mean?
Ganga Papers India (BOM:531813) has a Interest Coverage of 1.91 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ganga Papers India and its competitors. This is near median its historical median of 1.86. Over the past decade, Ganga Papers India's Interest Coverage has ranged from 0.99 to 8.78. According to the industry distribution chart, Ganga Papers India ranks #134 out of 183 companies in the Forest Products industry, placing it in the top 73.2%.
Is Ganga Papers India's Interest Coverage too high?
Ganga Papers India's current Interest Coverage of 1.91 is near median its 10-year median of 1.86. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 8.78. The Forest Products industry median Interest Coverage is 4.11. Ganga Papers India's value of 1.91 is 53.5% below this industry median. Based on the distribution chart, Ganga Papers India ranks #134 out of 183 companies in the Forest Products industry, which is below the industry midpoint. Overall, Ganga Papers India has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ganga Papers India's Interest Coverage compare to competitors?
According to the Forest Products industry distribution chart, Ganga Papers India ranks #134 out of 183 companies for Interest Coverage. This places Ganga Papers India in the lower half of its industry. The industry median Interest Coverage is 4.11. Ganga Papers India's value of 1.91 is 53.5% below this benchmark. Historically, Ganga Papers India's own Interest Coverage has ranged from 0.99 to 8.78 over the past decade. While the company's 10-year median is 1.86 vs. the industry median of 4.11, Ganga Papers India 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 Forest Products company?
The median Interest Coverage among Forest Products companies is 4.11, based on 183 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. Ganga Papers India's current Interest Coverage of 1.91 is 53.5% 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 Ganga Papers India and its competitors. For the Forest Products industry, the median Interest Coverage is 4.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ganga Papers India's current Interest Coverage is 1.91, which is near median its own 10-year median of 1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ganga Papers India stock overvalued right now?
Based on GuruFocus' analysis, Ganga Papers India (BOM:531813) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹117.71, compared to a current price of ₹84.50 — trading 28.2% below its estimated fair value. The current Interest Coverage is 1.91, which is near median its 10-year median of 1.86 and 53.5% below the Forest Products industry median of 4.11. Ganga Papers India's overall GF Score™ is 63/100 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 Ganga Papers India (BOM:531813), the current Interest Coverage is 1.91 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 Ganga Papers India (BOM:531813) Overvalued in 2026?

Based on GuruFocus' analysis, Ganga Papers India stock appears to be undervalued. The current stock price of ₹84.50 is trading 28.2% below its estimated GF Value™ of ₹117.71. GuruFocus considers Ganga Papers India to be Modestly Undervalued.

Key valuation signals for BOM:531813:

  • Interest Coverage: 1.91 (near median its 10-year median of 1.86)
  • GF Value™: ₹117.71 vs. price of ₹84.50 (28.2% below fair value)
  • GF Score™: 63/100 with 4 warning signs
  • Industry Position: 53.5% below the Forest Products median (#134 of 183)

No single metric tells the full story. See the BOM:531813 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ganga Papers India Business Description

Address Gat No. 241, Village Bebedohal, Taluka Maval, Pune, MH, IND, 410506
Ganga Papers India Ltd is an Indian company engaged in the manufacturing and sale of paper and paper products. It produces kraft paper, including fluting paper and test liner kraft, as well as newsprint, writing papers, and packaging paperboard products. The company also provides pulp products derived from recycled grades of waste paper, making its paper production eco-friendly. Its products are used for industrial, packaging, stationery, and textbook applications. Ganga Papers operates manufacturing facilities in Pune, Maharashtra, and its revenue is mainly generated from sales of its diversified paper products.
63GF Score

Get the complete analysis for BOM:531813

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

₹84.50
Price
₹117.71
GF Value