Maruti Suzuki India (BOM:532500) Interest Coverage: 60.41 (As of Mar. 2026) — 28% Above Median

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BOM:532500 Maruti Suzuki India Ltd BOM:532500
95 GF Score
Price ₹13,507.45
GF Value ₹16,288.87
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Maruti Suzuki India Interest Coverage?

Maruti Suzuki India BOM:532500 -2.18% 95 Interest Coverage is 60.41 as of Mar. 2026, which is 28% above its 10-year median of 47.20. GuruFocus rates BOM:532500 with a GF Score™ of 95/100 and a GF Value™ of ₹16,288.87 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,069 Vehicles & Parts companies, Maruti Suzuki India ranks better than 83.35% 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. Maruti Suzuki India's Operating Income for the three months ended in Mar. 2026 was ₹44,102 Mil. Maruti Suzuki India's Interest Expense for the three months ended in Mar. 2026 was ₹-730 Mil. Maruti Suzuki India's interest coverage for the quarter that ended in Mar. 2026 was 60.41. 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. Maruti Suzuki India Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

BOM:532500' s Interest Coverage Range Over the Past 10 Years
Min: 23.56   Med: 47.2   Max: 107.76
Current: 61.58


BOM:532500's Interest Coverage is ranked better than
83.35% of 1069 companies
in the Vehicles & Parts industry
Industry Median: 8.36 vs BOM:532500: 61.58

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


Maruti Suzuki India  (BOM:532500) 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 .


Maruti Suzuki India Interest Coverage Related Terms


Maruti Suzuki India Interest Coverage Historical Data

* Premium members only.

The historical data trend for Maruti Suzuki 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.

Maruti Suzuki India Interest Coverage Chart

Maruti Suzuki 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 23.56 32.75 69.24 74.91 61.64

Maruti Suzuki 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 71.05 65.53 59.14 62.21 60.41

BOM:532500 vs TSLA, GM, F: Interest Coverage Comparison

For the Auto Manufacturers subindustry, Maruti Suzuki 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.


Maruti Suzuki India Interest Coverage vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Maruti Suzuki India's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Maruti Suzuki India's Interest Coverage falls into.


BOM:532500
95GF Score
Maruti Suzuki India Ltd BOM:532500
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maruti Suzuki 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.

Maruti Suzuki 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, Maruti Suzuki India's Interest Expense was ₹-2,387 Mil. Its Operating Income was ₹147,145 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹628 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*147145/-2387
=61.64

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

Here, for the three months ended in Mar. 2026, Maruti Suzuki India's Interest Expense was ₹-730 Mil. Its Operating Income was ₹44,102 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹628 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*44102/-730
=60.41

* 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 60.41 mean?
Maruti Suzuki India (BOM:532500) has a Interest Coverage of 60.41 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Maruti Suzuki India and its competitors. This is 28% above median its historical median of 47.20. Over the past decade, Maruti Suzuki India's Interest Coverage has ranged from 23.56 to 107.76. According to the industry distribution chart, Maruti Suzuki India ranks #178 out of 1069 companies in the Vehicles & Parts industry, placing it in the top 16.7%.
Is Maruti Suzuki India's Interest Coverage too high?
Maruti Suzuki India's current Interest Coverage of 60.41 is 28% above median its 10-year median of 47.20. Over the past 10 years, this metric has ranged from a low of 23.56 to a high of 107.76. The Vehicles & Parts industry median Interest Coverage is 8.36. Maruti Suzuki India's value of 60.41 is 622.6% above this industry median. Based on the distribution chart, Maruti Suzuki India ranks #178 out of 1069 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Maruti Suzuki India has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maruti Suzuki India's Interest Coverage compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Maruti Suzuki India ranks #178 out of 1069 companies for Interest Coverage. This places Maruti Suzuki India in the top 17% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 8.36. Maruti Suzuki India's value of 60.41 is 622.6% above this benchmark. Historically, Maruti Suzuki India's own Interest Coverage has ranged from 23.56 to 107.76 over the past decade. While the company's 10-year median is 47.20 vs. the industry median of 8.36, Maruti Suzuki India 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 Vehicles & Parts company?
The median Interest Coverage among Vehicles & Parts companies is 8.36, based on 1,069 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. Maruti Suzuki India's current Interest Coverage of 60.41 is 622.6% 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 Maruti Suzuki India and its competitors. For the Vehicles & Parts industry, the median Interest Coverage is 8.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maruti Suzuki India's current Interest Coverage is 60.41, which is 28% above median its own 10-year median of 47.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maruti Suzuki India stock overvalued right now?
Based on GuruFocus' analysis, Maruti Suzuki India (BOM:532500) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹16,288.87, compared to a current price of ₹13,507.45 — trading 17.1% below its estimated fair value. The current Interest Coverage is 60.41, which is 28% above median its 10-year median of 47.20 and 622.6% above the Vehicles & Parts industry median of 8.36. Maruti Suzuki India's overall GF Score™ is 95/100 with 1 warning sign 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 Maruti Suzuki India (BOM:532500), the current Interest Coverage is 60.41 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 Maruti Suzuki India (BOM:532500) Overvalued in 2026?

Based on GuruFocus' analysis, Maruti Suzuki India stock appears to be undervalued. The current stock price of ₹13,507.45 is trading 17.1% below its estimated GF Value™ of ₹16,288.87. GuruFocus considers Maruti Suzuki India to be Modestly Undervalued.

Key valuation signals for BOM:532500:

  • Interest Coverage: 60.41 (28% above median its 10-year median of 47.20)
  • GF Value™: ₹16,288.87 vs. price of ₹13,507.45 (17.1% below fair value)
  • GF Score™: 95/100 with 1 warning sign
  • Industry Position: 622.6% above the Vehicles & Parts median (#178 of 1069)

No single metric tells the full story. See the BOM:532500 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maruti Suzuki India Business Description

Other Exchanges MARUTI:India
Address 1, Nelson Mandela Road, Vasant Kunj, New Delhi, IND, 110070
Maruti Suzuki India Ltd, a subsidiary of Suzuki Motor Corp. The company is engaged in the manufacturing, purchase, and sale of motor vehicles, components, and spare parts. Its other activities include the facilitation of pre-owned car sales, fleet management, and car financing. The company manufactures various types of passenger vehicles and light commercial vehicles for its customers belonging to different income categories. Some of the vehicles manufactured by it are: WagonR, Dzire, Ertiga, Fronx (SUV), and others. Geographically, the company generates a majority of its revenue from its business in India and also engages in exports of its products to countries like Chile, Saudi Arabia, South Africa, Japan, Mexico, and others.
95GF Score

Get the complete analysis for BOM:532500

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

₹13,507.45
Price
₹16,288.87
GF Value