Veto Switchgears And CablesBOM:539331 +1.92%79 Interest Coverage is 23.95 as of Mar. 2026, which is 210% above its 10-year median of 7.73. GuruFocus rates BOM:539331 with a GF Score™ of 79/100 and a GF Value™ of ₹161.82 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,325 Industrial Products companies, Veto Switchgears And Cables ranks better than 52.82% 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. Veto Switchgears And Cables's
Operating Income
for the
three
months ended in Mar. 2026 was ₹122 Mil. Veto Switchgears And Cables's Interest Expense for the
three
months ended in Mar. 2026 was ₹-5 Mil.
Veto Switchgears And Cables's interest coverage for the quarter that ended in Mar. 2026 was 23.95.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Veto Switchgears And Cables's Interest Coverage or its related term are showing as below:
BOM:539331'
s Interest Coverage Range Over the Past 10 Years
Min: 0.34 Med: 7.73 Max: 17.58
Current: 16.92
BOM:539331's Interest Coverage is ranked better than 52.82% of 2325
companies
in the Industrial Products industry
Industry Median: 14.87
vs BOM:539331: 16.92
Veto Switchgears And Cables (BOM:539331) 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 .
Veto Switchgears And Cables Interest Coverage Related Terms
Veto Switchgears And Cables 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.
Veto Switchgears And Cables Interest Coverage Chart
BOM:539331 vs VRT, BE: Interest Coverage Comparison
For the Electrical Equipment & Parts subindustry, Veto Switchgears And Cables'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.
Veto Switchgears And Cables Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Veto Switchgears And Cables's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Veto Switchgears And Cables's Interest Coverage falls into.
Veto Switchgears And Cables 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.
Veto Switchgears And Cables (BOM:539331) has a Interest Coverage of 23.95 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Veto Switchgears And Cables and its competitors. This is 210% above median its historical median of 7.73. Over the past decade, Veto Switchgears And Cables' Interest Coverage has ranged from 0.34 to 17.58. According to the industry distribution chart, Veto Switchgears And Cables ranks #1097 out of 2325 companies in the Industrial Products industry, placing it in the top 47.2%.
Is Veto Switchgears And Cables' Interest Coverage too high?
Veto Switchgears And Cables' current Interest Coverage of 23.95 is 210% above median its 10-year median of 7.73. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 17.58. The Industrial Products industry median Interest Coverage is 14.87. Veto Switchgears And Cables' value of 23.95 is 61.1% above this industry median. Based on the distribution chart, Veto Switchgears And Cables ranks #1097 out of 2325 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Veto Switchgears And Cables has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Veto Switchgears And Cables' Interest Coverage compare to VRT and BE?
According to the Industrial Products industry distribution chart, Veto Switchgears And Cables ranks #1097 out of 2325 companies for Interest Coverage. This puts Veto Switchgears And Cables in the upper half of its industry. The industry median Interest Coverage is 14.87. Veto Switchgears And Cables' value of 23.95 is 61.1% above this benchmark. Historically, Veto Switchgears And Cables' own Interest Coverage has ranged from 0.34 to 17.58 over the past decade. While the company's 10-year median is 7.73 vs. the industry median of 14.87, Veto Switchgears And Cables 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 Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.87, based on 2,325 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. Veto Switchgears And Cables's current Interest Coverage of 23.95 is 61.1% 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 Veto Switchgears And Cables and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veto Switchgears And Cables's current Interest Coverage is 23.95, which is 210% above median its own 10-year median of 7.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veto Switchgears And Cables stock overvalued right now?
Based on GuruFocus' analysis, Veto Switchgears And Cables (BOM:539331) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹161.82, compared to a current price of ₹127.50 — trading 21.2% below its estimated fair value. The current Interest Coverage is 23.95, which is 210% above median its 10-year median of 7.73 and 61.1% above the Industrial Products industry median of 14.87. Veto Switchgears And Cables' overall GF Score™ is 79/100 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 Veto Switchgears And Cables (BOM:539331), the current Interest Coverage is 23.95 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 Veto Switchgears And Cables (BOM:539331) Overvalued in 2026?
Based on GuruFocus' analysis, Veto Switchgears And Cables stock appears to be undervalued.
The current stock price of ₹127.50 is trading 21.2% below its estimated GF Value™ of ₹161.82.
GuruFocus considers Veto Switchgears And Cables to be Modestly Undervalued.
Key valuation signals for BOM:539331:
Interest Coverage: 23.95 (210% above median its 10-year median of 7.73)
GF Value™: ₹161.82 vs. price of ₹127.50 (21.2% below fair value)
Industry Position: 61.1% above the Industrial Products median (#1097 of 2325)
No single metric tells the full story. See the BOM:539331 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Veto Switchgears And Cables Ltd manufactures electronic goods. Its product portfolio includes Wires, Cables, Electrical accessories, Industrial cables, Fans, Compact fluorescent lamps, Modular switches, Light-emitting diode lights, Immersion heaters, Miniature circuit breakers, Distribution boards, and others. The company's segments include Wire and Cables, Lighting and Fittings, and Accessories and Others. It generates maximum revenue from the Lighting and Fittings segment.
79GF Score
Get the complete analysis for BOM:539331
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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