Jai Balaji IndustriesBOM:532976 -0.88%68 Interest Coverage is 3.41 as of Mar. 2026, which is 8% below its 10-year median of 3.71. GuruFocus rates BOM:532976 with a GF Score™ of 68/100 and a GF Value™ of ₹118.36 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 456 Steel companies, Jai Balaji Industries ranks worse than 59.65% 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. Jai Balaji Industries's
Operating Income
for the
three
months ended in Mar. 2026 was ₹602 Mil. Jai Balaji Industries's Interest Expense for the
three
months ended in Mar. 2026 was ₹-177 Mil.
Jai Balaji Industries's interest coverage for the quarter that ended in Mar. 2026 was 3.41.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Jai Balaji Industries's Interest Coverage or its related term are showing as below:
BOM:532976'
s Interest Coverage Range Over the Past 10 Years
Min: 0.11 Med: 3.71 Max: 15.79
Current: 3.35
BOM:532976's Interest Coverage is ranked worse than 59.65% of 456
companies
in the Steel industry
Industry Median: 4.445
vs BOM:532976: 3.35
Jai Balaji Industries (BOM:532976) 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 .
Jai Balaji Industries Interest Coverage Related Terms
Jai Balaji Industries Interest Coverage Historical Data
* Premium members only.
The historical data trend for Jai Balaji Industries'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.
BOM:532976 vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, Jai Balaji 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.
Jai Balaji Industries Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, Jai Balaji Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Jai Balaji Industries's Interest Coverage falls into.
Jai Balaji 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:
* 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.
Jai Balaji Industries (BOM:532976) has a Interest Coverage of 3.41 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Jai Balaji Industries and its competitors. This is near median its historical median of 3.71. Over the past decade, Jai Balaji Industries' Interest Coverage has ranged from 0.11 to 15.79. According to the industry distribution chart, Jai Balaji Industries ranks #272 out of 456 companies in the Steel industry, placing it in the top 59.6%.
Is Jai Balaji Industries' Interest Coverage too high?
Jai Balaji Industries' current Interest Coverage of 3.41 is near median its 10-year median of 3.71. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 15.79. The Steel industry median Interest Coverage is 4.45. Jai Balaji Industries' value of 3.41 is 23.3% below this industry median. Based on the distribution chart, Jai Balaji Industries ranks #272 out of 456 companies in the Steel industry, which is below the industry midpoint. Overall, Jai Balaji Industries has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jai Balaji Industries' Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, Jai Balaji Industries ranks #272 out of 456 companies for Interest Coverage. This places Jai Balaji Industries in the lower half of its industry. The industry median Interest Coverage is 4.45. Jai Balaji Industries' value of 3.41 is 23.3% below this benchmark. Historically, Jai Balaji Industries' own Interest Coverage has ranged from 0.11 to 15.79 over the past decade. While the company's 10-year median is 3.71 vs. the industry median of 4.45, Jai Balaji Industries 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 Steel company?
The median Interest Coverage among Steel companies is 4.45, based on 456 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. Jai Balaji Industries's current Interest Coverage of 3.41 is 23.3% 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 Jai Balaji Industries and its competitors. For the Steel industry, the median Interest Coverage is 4.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jai Balaji Industries's current Interest Coverage is 3.41, which is near median its own 10-year median of 3.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jai Balaji Industries stock overvalued right now?
Based on GuruFocus' analysis, Jai Balaji Industries (BOM:532976) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹118.36, compared to a current price of ₹69.70 — trading 41.1% below its estimated fair value. The current Interest Coverage is 3.41, which is near median its 10-year median of 3.71 and 23.3% below the Steel industry median of 4.45. Jai Balaji Industries' overall GF Score™ is 68/100 with 2 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 Jai Balaji Industries (BOM:532976), the current Interest Coverage is 3.41 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 Jai Balaji Industries (BOM:532976) Overvalued in 2026?
Based on GuruFocus' analysis, Jai Balaji Industries stock appears to be undervalued.
The current stock price of ₹69.70 is trading 41.1% below its estimated GF Value™ of ₹118.36.
GuruFocus considers Jai Balaji Industries to be Significantly Undervalued.
Key valuation signals for BOM:532976:
Interest Coverage: 3.41 (near median its 10-year median of 3.71)
GF Value™: ₹118.36 vs. price of ₹69.70 (41.1% below fair value)
Industry Position: 23.3% below the Steel median (#272 of 456)
No single metric tells the full story. See the BOM:532976 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jai Balaji Industries Ltd is an India-based iron and steel manufacturing company. It manufactures Sponge Iron, Pig Iron, Ductile Iron Pipe, Ferro Chrome, Billet, TMT, Coke, and Sinter. The company is engaged in a single reportable segment of Iron and Steel. Geographically, it has a business presence in India and also exports it to other countries, of which key revenue is derived from India.
68GF Score
Get the complete analysis for BOM:532976
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:532976 has been successfully added to your 
