Citizen Solar (BOM:538786) Interest Coverage: 136.17 (As of Mar. 2026) — 1223% Above Median


BOM:538786 Citizen Solar Ltd BOM:538786
61 GF Score
Price ₹266.65
GF Value ₹2,911.67
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Citizen Solar Interest Coverage?

Citizen Solar BOM:538786 +1.99% 61 Interest Coverage is 136.17 as of Mar. 2026, which is 1223% above its 10-year median of 10.29. GuruFocus rates BOM:538786 with a GF Score™ of 61/100 and a GF Value™ of ₹2,911.67 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 635 Semiconductors companies, Citizen Solar ranks better than 77.01% 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. Citizen Solar's Operating Income for the three months ended in Mar. 2026 was ₹151 Mil. Citizen Solar's Interest Expense for the three months ended in Mar. 2026 was ₹-1 Mil. Citizen Solar's interest coverage for the quarter that ended in Mar. 2026 was 136.17. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Citizen Solar's Interest Coverage or its related term are showing as below:

BOM:538786' s Interest Coverage Range Over the Past 10 Years
Min: 6.93   Med: 10.29   Max: 137.06
Current: 137.06


BOM:538786's Interest Coverage is ranked better than
77.01% of 635 companies
in the Semiconductors industry
Industry Median: 20.32 vs BOM:538786: 137.06

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


Citizen Solar  (BOM:538786) 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 .


Citizen Solar Interest Coverage Related Terms


Citizen Solar Interest Coverage Historical Data

* Premium members only.

The historical data trend for Citizen Solar'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.

Citizen Solar Interest Coverage Chart

Citizen Solar 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 0.00 0.00 0.00 6.93 13.64

Citizen Solar 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 9.20 No Debt No Debt No Debt 136.17

BOM:538786 vs FSLR, NXT, ENPH: Interest Coverage Comparison

For the Solar subindustry, Citizen Solar'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.


Citizen Solar Interest Coverage vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Citizen Solar's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Citizen Solar's Interest Coverage falls into.


BOM:538786
61GF Score
Citizen Solar Ltd BOM:538786
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Citizen Solar 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.

Citizen Solar'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, Citizen Solar's Interest Expense was ₹-23 Mil. Its Operating Income was ₹313 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹739 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*312.985/-22.954
=13.64

Citizen Solar's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Citizen Solar's Interest Expense was ₹-1 Mil. Its Operating Income was ₹151 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹739 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*151.287/-1.111
=136.17

* 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 136.17 mean?
Citizen Solar (BOM:538786) has a Interest Coverage of 136.17 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Citizen Solar and its competitors. This is 1223% above median its historical median of 10.29. Over the past decade, Citizen Solar's Interest Coverage has ranged from 6.93 to 137.06. According to the industry distribution chart, Citizen Solar ranks #146 out of 635 companies in the Semiconductors industry, placing it in the top 23%.
Is Citizen Solar's Interest Coverage too high?
Citizen Solar's current Interest Coverage of 136.17 is 1223% above median its 10-year median of 10.29. Over the past 10 years, this metric has ranged from a low of 6.93 to a high of 137.06. The Semiconductors industry median Interest Coverage is 20.32. Citizen Solar's value of 136.17 is 570.1% above this industry median. Based on the distribution chart, Citizen Solar ranks #146 out of 635 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Citizen Solar has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Citizen Solar's Interest Coverage compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Citizen Solar ranks #146 out of 635 companies for Interest Coverage. This places Citizen Solar in the top 23% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 20.32. Citizen Solar's value of 136.17 is 570.1% above this benchmark. Historically, Citizen Solar's own Interest Coverage has ranged from 6.93 to 137.06 over the past decade. While the company's 10-year median is 10.29 vs. the industry median of 20.32, Citizen Solar 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 Semiconductors company?
The median Interest Coverage among Semiconductors companies is 20.32, based on 635 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. Citizen Solar's current Interest Coverage of 136.17 is 570.1% 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 Citizen Solar and its competitors. For the Semiconductors industry, the median Interest Coverage is 20.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Citizen Solar's current Interest Coverage is 136.17, which is 1223% above median its own 10-year median of 10.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Citizen Solar stock overvalued right now?
Based on GuruFocus' analysis, Citizen Solar (BOM:538786) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹2,911.67, compared to a current price of ₹266.65 — trading 90.8% below its estimated fair value. The current Interest Coverage is 136.17, which is 1223% above median its 10-year median of 10.29 and 570.1% above the Semiconductors industry median of 20.32. Citizen Solar's overall GF Score™ is 61/100 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 Citizen Solar (BOM:538786), the current Interest Coverage is 136.17 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 Citizen Solar (BOM:538786) Overvalued in 2026?

Based on GuruFocus' analysis, Citizen Solar stock appears to be undervalued. The current stock price of ₹266.65 is trading 90.8% below its estimated GF Value™ of ₹2,911.67. GuruFocus considers Citizen Solar to be Significantly Undervalued.

Key valuation signals for BOM:538786:

  • Interest Coverage: 136.17 (1223% above median its 10-year median of 10.29)
  • GF Value™: ₹2,911.67 vs. price of ₹266.65 (90.8% below fair value)
  • GF Score™: 61/100 with 3 warning signs
  • Industry Position: 570.1% above the Semiconductors median (#146 of 635)

No single metric tells the full story. See the BOM:538786 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Citizen Solar Business Description

Address Ashram Road, 411, Sakar - 2, Ellisbridge Corner, Ahmedabad, GJ, IND, 380006
Citizen Solar Ltd operates as a solar panel and solar inverter manufacturer in India. It comprises of two main divisions that include Citizen Solar Technology and Solar Inverter Manufacturer. The company serves various industries and businesses spread across multiple verticals such as Textiles, Manufacturing, Exports, etc.
61GF Score

Get the complete analysis for BOM:538786

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

₹266.65
Price
₹2,911.67
GF Value