Laxmipati Engineering Works (BOM:537669) Interest Coverage: 9.39 (As of Mar. 2026) — 518% Above Median


BOM:537669 Laxmipati Engineering Works Ltd BOM:537669
65 GF Score
Price ₹557.00
GF Value ₹318.65
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Laxmipati Engineering Works Interest Coverage?

Laxmipati Engineering Works BOM:537669 65 Interest Coverage is 9.39 as of Mar. 2026, which is 518% above its 10-year median of 1.52. GuruFocus rates BOM:537669 with a GF Score™ of 65/100 and a GF Value™ of ₹318.65 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 240 Aerospace & Defense companies, Laxmipati Engineering Works ranks worse than 72.08% 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. Laxmipati Engineering Works's Operating Income for the six months ended in Mar. 2026 was ₹57.5 Mil. Laxmipati Engineering Works's Interest Expense for the six months ended in Mar. 2026 was ₹-6.1 Mil. Laxmipati Engineering Works's interest coverage for the quarter that ended in Mar. 2026 was 9.39. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Laxmipati Engineering Works's Interest Coverage or its related term are showing as below:

BOM:537669' s Interest Coverage Range Over the Past 10 Years
Min: 1.17   Med: 1.52   Max: 4.54
Current: 4.54


BOM:537669's Interest Coverage is ranked worse than
72.08% of 240 companies
in the Aerospace & Defense industry
Industry Median: 8.545 vs BOM:537669: 4.54

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


Laxmipati Engineering Works  (BOM:537669) 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 .


Laxmipati Engineering Works Interest Coverage Related Terms


Laxmipati Engineering Works Interest Coverage Historical Data

* Premium members only.

The historical data trend for Laxmipati Engineering Works'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.

Laxmipati Engineering Works Interest Coverage Chart

Laxmipati Engineering Works 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 1.17 0.00 1.23 0.00 0.00

Laxmipati Engineering Works Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 1.35 1.06 3.25 2.94 9.39

BOM:537669 vs SPCX, GE, RTX: Interest Coverage Comparison

For the Aerospace & Defense subindustry, Laxmipati Engineering Works'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.


Laxmipati Engineering Works Interest Coverage vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Laxmipati Engineering Works's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Laxmipati Engineering Works's Interest Coverage falls into.


BOM:537669
65GF Score
Laxmipati Engineering Works Ltd BOM:537669
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Laxmipati Engineering Works 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.

Laxmipati Engineering Works'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, Laxmipati Engineering Works's Interest Expense was ₹-24.3 Mil. Its Operating Income was ₹-249.9 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹76.7 Mil.

Laxmipati Engineering Works did not have earnings to cover the interest expense.

Laxmipati Engineering Works's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, Laxmipati Engineering Works's Interest Expense was ₹-6.1 Mil. Its Operating Income was ₹57.5 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹76.7 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*57.465/-6.117
=9.39

* 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 9.39 mean?
Laxmipati Engineering Works (BOM:537669) has a Interest Coverage of 9.39 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Laxmipati Engineering Works and its competitors. This is 518% above median its historical median of 1.52. Over the past decade, Laxmipati Engineering Works' Interest Coverage has ranged from 1.17 to 4.54. According to the industry distribution chart, Laxmipati Engineering Works ranks #173 out of 240 companies in the Aerospace & Defense industry, placing it in the top 72.1%.
Is Laxmipati Engineering Works' Interest Coverage too high?
Laxmipati Engineering Works' current Interest Coverage of 9.39 is 518% above median its 10-year median of 1.52. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 4.54. The Aerospace & Defense industry median Interest Coverage is 8.55. Laxmipati Engineering Works' value of 9.39 is 9.9% above this industry median. Based on the distribution chart, Laxmipati Engineering Works ranks #173 out of 240 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Laxmipati Engineering Works has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Laxmipati Engineering Works' Interest Coverage compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Laxmipati Engineering Works ranks #173 out of 240 companies for Interest Coverage. This places Laxmipati Engineering Works in the lower half of its industry. The industry median Interest Coverage is 8.55. Laxmipati Engineering Works' value of 9.39 is 9.9% above this benchmark. Historically, Laxmipati Engineering Works' own Interest Coverage has ranged from 1.17 to 4.54 over the past decade. While the company's 10-year median is 1.52 vs. the industry median of 8.55, Laxmipati Engineering Works 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 an Aerospace & Defense company?
The median Interest Coverage among Aerospace & Defense companies is 8.55, based on 240 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. Laxmipati Engineering Works's current Interest Coverage of 9.39 is 9.9% 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 Laxmipati Engineering Works and its competitors. For the Aerospace & Defense industry, the median Interest Coverage is 8.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Laxmipati Engineering Works's current Interest Coverage is 9.39, which is 518% above median its own 10-year median of 1.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Laxmipati Engineering Works stock overvalued right now?
Based on GuruFocus' analysis, Laxmipati Engineering Works (BOM:537669) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹318.65, compared to a current price of ₹557.00 — trading 74.8% above its estimated fair value. The current Interest Coverage is 9.39, which is 518% above median its 10-year median of 1.52 and 9.9% above the Aerospace & Defense industry median of 8.55. Laxmipati Engineering Works' overall GF Score™ is 65/100 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 Laxmipati Engineering Works (BOM:537669), the current Interest Coverage is 9.39 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 Laxmipati Engineering Works (BOM:537669) Overvalued in 2026?

Based on GuruFocus' analysis, Laxmipati Engineering Works stock appears to be overvalued. The current stock price of ₹557.00 is trading 74.8% above its estimated GF Value™ of ₹318.65. GuruFocus considers Laxmipati Engineering Works to be Significantly Overvalued.

Key valuation signals for BOM:537669:

  • Interest Coverage: 9.39 (518% above median its 10-year median of 1.52)
  • GF Value™: ₹318.65 vs. price of ₹557.00 (74.8% above fair value)
  • GF Score™: 65/100 with 3 warning signs
  • Industry Position: 9.9% above the Aerospace & Defense median (#173 of 240)

No single metric tells the full story. See the BOM:537669 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Laxmipati Engineering Works Business Description

Address Central Park Society, Office Block, 1st Floor, Plot No. 237/2 and 3, Sub Plot No. A/25, GIDC, Pandesara, Surat, GJ, IND, 394221
Laxmipati Engineering Works Ltd is engaged in the business of fabrication, heavy engineering, engineering infrastructure and services, and shut down maintenance projects. The company has two segments: Fabrication and Shipyard.
65GF Score

Get the complete analysis for BOM:537669

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

₹557.00
Price
₹318.65
GF Value