Steel Exchange IndiaBOM:534748 -0.88%58 Interest Coverage is 2.44 as of Mar. 2026, which is 81% above its 10-year median of 1.35. GuruFocus rates BOM:534748 with a GF Score™ of 58/100 and a GF Value™ of ₹8.33 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 456 Steel companies, Steel Exchange India ranks worse than 80.04% 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. Steel Exchange India's
Operating Income
for the
three
months ended in Mar. 2026 was ₹428 Mil. Steel Exchange India's Interest Expense for the
three
months ended in Mar. 2026 was ₹-176 Mil.
Steel Exchange India's interest coverage for the quarter that ended in Mar. 2026 was 2.44.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Steel Exchange India's Interest Coverage or its related term are showing as below:
BOM:534748'
s Interest Coverage Range Over the Past 10 Years
Min: 0.35 Med: 1.35 Max: 15.63
Current: 1.48
BOM:534748's Interest Coverage is ranked worse than 80.04% of 456
companies
in the Steel industry
Industry Median: 4.445
vs BOM:534748: 1.48
Steel Exchange India (BOM:534748) 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 .
Steel Exchange India Interest Coverage Related Terms
Steel Exchange India Interest Coverage Historical Data
* Premium members only.
The historical data trend for Steel Exchange 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.
BOM:534748 vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, Steel Exchange 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.
Steel Exchange India Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, Steel Exchange India's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Steel Exchange India's Interest Coverage falls into.
Steel Exchange 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:
* 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.
Steel Exchange India (BOM:534748) has a Interest Coverage of 2.44 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Steel Exchange India and its competitors. This is 81% above median its historical median of 1.35. Over the past decade, Steel Exchange India's Interest Coverage has ranged from 0.35 to 15.63. According to the industry distribution chart, Steel Exchange India ranks #365 out of 456 companies in the Steel industry, placing it in the top 80%.
Is Steel Exchange India's Interest Coverage too high?
Steel Exchange India's current Interest Coverage of 2.44 is 81% above median its 10-year median of 1.35. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 15.63. The Steel industry median Interest Coverage is 4.45. Steel Exchange India's value of 2.44 is 45.1% below this industry median. Based on the distribution chart, Steel Exchange India ranks #365 out of 456 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Steel Exchange India has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steel Exchange India's Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, Steel Exchange India ranks #365 out of 456 companies for Interest Coverage. This places Steel Exchange India in the lower half of its industry. The industry median Interest Coverage is 4.45. Steel Exchange India's value of 2.44 is 45.1% below this benchmark. Historically, Steel Exchange India's own Interest Coverage has ranged from 0.35 to 15.63 over the past decade. While the company's 10-year median is 1.35 vs. the industry median of 4.45, Steel Exchange 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 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. Steel Exchange India's current Interest Coverage of 2.44 is 45.1% 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 Steel Exchange India 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. Steel Exchange India's current Interest Coverage is 2.44, which is 81% above median its own 10-year median of 1.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steel Exchange India stock overvalued right now?
Based on GuruFocus' analysis, Steel Exchange India (BOM:534748) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹8.33, compared to a current price of ₹12.39 — trading 48.7% above its estimated fair value. The current Interest Coverage is 2.44, which is 81% above median its 10-year median of 1.35 and 45.1% below the Steel industry median of 4.45. Steel Exchange India's overall GF Score™ is 58/100 with 7 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 Steel Exchange India (BOM:534748), the current Interest Coverage is 2.44 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 Steel Exchange India (BOM:534748) Overvalued in 2026?
Based on GuruFocus' analysis, Steel Exchange India stock appears to be overvalued.
The current stock price of ₹12.39 is trading 48.7% above its estimated GF Value™ of ₹8.33.
GuruFocus considers Steel Exchange India to be Significantly Overvalued.
Key valuation signals for BOM:534748:
Interest Coverage: 2.44 (81% above median its 10-year median of 1.35)
GF Value™: ₹8.33 vs. price of ₹12.39 (48.7% above fair value)
Industry Position: 45.1% below the Steel median (#365 of 456)
No single metric tells the full story. See the BOM:534748 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steel Exchange India Ltd is engaged in the business of manufacturing and marketing iron and steel products. The company operates in the Iron and Steel and Power segment. The division also deals with the products manufactured by the company, namely TMT bars, Sponge Iron, and Steel billet, and is marketed in some of the coastal regions. The company generates the majority of its revenue from the Iron and steel segment.
58GF Score
Get the complete analysis for BOM:534748
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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