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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. Waaree Renewable Technologies's
Operating Income
for the
three
months ended in Mar. 2026 was ₹2,047 Mil. Waaree Renewable Technologies's Interest Expense for the
three
months ended in Mar. 2026 was ₹-27 Mil.
Waaree Renewable Technologies's interest coverage for the quarter that ended in Mar. 2026 was 76.27.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Waaree Renewable Technologies's Interest Coverage or its related term are showing as below:
BOM:534618'
s Interest Coverage Range Over the Past 10 Years
Min: 0.57 Med: 15.65 Max: No Debt
Current: 47.6
BOM:534618's Interest Coverage is ranked better than 80.13% of 1359
companies
in the Construction industry
Industry Median: 7.81
vs BOM:534618: 47.60
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 .
Waaree Renewable Technologies Interest Coverage Related Terms
Waaree Renewable Technologies 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.
BOM:534618 vs PWR, FIX, EME: Interest Coverage Comparison
For the Engineering & Construction subindustry, Waaree Renewable Technologies'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.
Waaree Renewable Technologies Interest Coverage vs Construction Industry
For the Construction industry and Industrials sector, Waaree Renewable Technologies's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Waaree Renewable Technologies's Interest Coverage falls into.
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.
Waaree Renewable Technologies (BOM:534618) has a Interest Coverage of 76.27 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Waaree Renewable Technologies and its competitors. This is 387% above median its historical median of 15.65. Over the past decade, Waaree Renewable Technologies' Interest Coverage has ranged from 0.57 to 10,000.00. According to the industry distribution chart, Waaree Renewable Technologies ranks #270 out of 1359 companies in the Construction industry, placing it in the top 19.9%.
Is Waaree Renewable Technologies' Interest Coverage too high?
Waaree Renewable Technologies' current Interest Coverage of 76.27 is 387% above median its 10-year median of 15.65. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 10,000.00. The Construction industry median Interest Coverage is 7.81. Waaree Renewable Technologies' value of 76.27 is 876.6% above this industry median. Based on the distribution chart, Waaree Renewable Technologies ranks #270 out of 1359 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Waaree Renewable Technologies has a GF Score™ of 82/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Waaree Renewable Technologies' Interest Coverage compare to PWR and FIX?
According to the Construction industry distribution chart, Waaree Renewable Technologies ranks #270 out of 1359 companies for Interest Coverage. This places Waaree Renewable Technologies in the top 20% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 7.81. Waaree Renewable Technologies' value of 76.27 is 876.6% above this benchmark. Historically, Waaree Renewable Technologies' own Interest Coverage has ranged from 0.57 to 10,000.00 over the past decade. While the company's 10-year median is 15.65 vs. the industry median of 7.81, Waaree Renewable Technologies 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 Construction company?
The median Interest Coverage among Construction companies is 7.81, based on 1,359 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. Waaree Renewable Technologies's current Interest Coverage of 76.27 is 876.6% 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 Waaree Renewable Technologies and its competitors. For the Construction industry, the median Interest Coverage is 7.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waaree Renewable Technologies's current Interest Coverage is 76.27, which is 387% above median its own 10-year median of 15.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waaree Renewable Technologies stock overvalued right now?
Based on GuruFocus' analysis, Waaree Renewable Technologies (BOM:534618) is currently considered Possible Value Trap. The stock's GF Value™ is ₹2,405.07, compared to a current price of ₹1,007.55 — trading 58.1% below its estimated fair value. The current Interest Coverage is 76.27, which is 387% above median its 10-year median of 15.65 and 876.6% above the Construction industry median of 7.81. Waaree Renewable Technologies' overall GF Score™ is 82/100 with 3 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 Waaree Renewable Technologies (BOM:534618), the current Interest Coverage is 76.27 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 Waaree Renewable Technologies (BOM:534618) Overvalued in 2026?
Based on GuruFocus' analysis, Waaree Renewable Technologies stock appears to be undervalued.
The current stock price of ₹1,007.55 is trading 58.1% below its estimated GF Value™ of ₹2,405.07.
GuruFocus considers Waaree Renewable Technologies to be Possible Value Trap.
Key valuation signals for BOM:534618:
Interest Coverage: 76.27 (387% above median its 10-year median of 15.65)
GF Value™: ₹2,405.07 vs. price of ₹1,007.55 (58.1% below fair value)
Industry Position: 876.6% above the Construction median (#270 of 1359)
No single metric tells the full story. See the BOM:534618 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Waaree Renewable Technologies Business Description
Waaree Renewable Technologies Ltd is engaged in the business of generation of power and providing consultancy services. It offers sustainable partnerships by providing renewable energy solutions to industrial, institutional, and commercial sectors and improves their profitability through the long-term renewable power supply. It generates maximum revenue from the EPC Contracts. Its projects include Ground Mounted, Rooftop Solar and Floating Solar.
82GF Score
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