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Jigar CablesBOM:540651 83 Interest Coverage is 6.81 as of Mar. 2026, which is 246% above its 10-year median of 1.97. GuruFocus rates BOM:540651 with a GF Score™ of 83/100 and a GF Value™ of ₹64.34 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 2,322 Industrial Products companies, Jigar Cables ranks worse than 70.11% 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. Jigar Cables's
Operating Income
for the
six
months ended in Mar. 2026 was ₹16.9 Mil. Jigar Cables's Interest Expense for the
six
months ended in Mar. 2026 was ₹-2.5 Mil.
Jigar Cables's interest coverage for the quarter that ended in Mar. 2026 was 6.81.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Jigar Cables's Interest Coverage or its related term are showing as below:
BOM:540651'
s Interest Coverage Range Over the Past 10 Years
Min: 0.56 Med: 1.97 Max: 30.3
Current: 5.87
BOM:540651's Interest Coverage is ranked worse than 70.11% of 2322
companies
in the Industrial Products industry
Industry Median: 14.835
vs BOM:540651: 5.87
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 .
Jigar Cables Interest Coverage Related Terms
Jigar Cables Interest Coverage Historical Data
* Premium members only.
The historical data trend for Jigar Cables'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:540651 vs VRT, BE: Interest Coverage Comparison
For the Electrical Equipment & Parts subindustry, Jigar 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.
Jigar Cables Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Jigar Cables's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Jigar Cables'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.
Jigar Cables (BOM:540651) has a Interest Coverage of 6.81 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Jigar Cables and its competitors. This is 246% above median its historical median of 1.97. Over the past decade, Jigar Cables' Interest Coverage has ranged from 0.56 to 30.30. According to the industry distribution chart, Jigar Cables ranks #1628 out of 2322 companies in the Industrial Products industry, placing it in the top 70.1%.
Is Jigar Cables' Interest Coverage too high?
Jigar Cables' current Interest Coverage of 6.81 is 246% above median its 10-year median of 1.97. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 30.30. The Industrial Products industry median Interest Coverage is 14.84. Jigar Cables' value of 6.81 is 54.1% below this industry median. Based on the distribution chart, Jigar Cables ranks #1628 out of 2322 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Jigar Cables has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jigar Cables' Interest Coverage compare to VRT and BE?
According to the Industrial Products industry distribution chart, Jigar Cables ranks #1628 out of 2322 companies for Interest Coverage. This places Jigar Cables in the lower half of its industry. The industry median Interest Coverage is 14.84. Jigar Cables' value of 6.81 is 54.1% below this benchmark. Historically, Jigar Cables' own Interest Coverage has ranged from 0.56 to 30.30 over the past decade. While the company's 10-year median is 1.97 vs. the industry median of 14.84, Jigar Cables 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 an Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.84, based on 2,322 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. Jigar Cables's current Interest Coverage of 6.81 is 54.1% 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 Jigar Cables and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jigar Cables's current Interest Coverage is 6.81, which is 246% above median its own 10-year median of 1.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jigar Cables stock overvalued right now?
Based on GuruFocus' analysis, Jigar Cables (BOM:540651) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹64.34, compared to a current price of ₹71.95 — trading 11.8% above its estimated fair value. The current Interest Coverage is 6.81, which is 246% above median its 10-year median of 1.97 and 54.1% below the Industrial Products industry median of 14.84. Jigar Cables' overall GF Score™ is 83/100 with 8 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 Jigar Cables (BOM:540651), the current Interest Coverage is 6.81 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 Jigar Cables (BOM:540651) Overvalued in 2026?
Based on GuruFocus' analysis, Jigar Cables stock appears to be overvalued.
The current stock price of ₹71.95 is trading 11.8% above its estimated GF Value™ of ₹64.34.
GuruFocus considers Jigar Cables to be Modestly Overvalued.
Key valuation signals for BOM:540651:
Interest Coverage: 6.81 (246% above median its 10-year median of 1.97)
GF Value™: ₹64.34 vs. price of ₹71.95 (11.8% above fair value)
Industry Position: 54.1% below the Industrial Products median (#1628 of 2322)
No single metric tells the full story. See the BOM:540651 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jigar Cables Ltd is a manufacturer of electric wires and cables in India, known for its "SIGMA" brand. The company operates with a manufacturing facility in Gondal, Gujarat. It produces various products including submersible flat cables, flexible cables, LT PVC cables, aerial bunched cables, and house wires, catering to industrial, commercial, and residential applications. The company has a wholly-owned subsidiary, Jigar Polymers Ltd, for backward integration by manufacturing PVC and XLPE raw materials. Revenue is mostly from manufacturing and sales of cables and wires under its SIGMA brand.
83GF Score
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