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Waa SolarBOM:541445 -1.79%68 Interest Coverage is 0.83 as of Mar. 2026, which is 36% below its 10-year median of 1.29. GuruFocus rates BOM:541445 with a GF Score™ of 68/100 and a GF Value™ of ₹71.81 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 322 Utilities - Independent Power Producers companies, Waa Solar ranks worse than 86.02% 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. Waa Solar's
Operating Income
for the
six
months ended in Mar. 2026 was ₹52.5 Mil. Waa Solar's Interest Expense for the
six
months ended in Mar. 2026 was ₹-63.1 Mil.
Waa Solar's interest coverage for the quarter that ended in Mar. 2026 was 0.83.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Waa Solar Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.
The historical rank and industry rank for Waa Solar's Interest Coverage or its related term are showing as below:
BOM:541445'
s Interest Coverage Range Over the Past 10 Years
Min: 0.69 Med: 1.29 Max: 2.36
Current: 0.77
BOM:541445's Interest Coverage is ranked worse than 86.02% of 322
companies
in the Utilities - Independent Power Producers industry
Industry Median: 2.84
vs BOM:541445: 0.77
Waa Solar (BOM:541445) 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 .
Waa Solar Interest Coverage Related Terms
Waa Solar Interest Coverage Historical Data
* Premium members only.
The historical data trend for Waa 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.
For the Utilities - Renewable subindustry, Waa 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.
Waa Solar Interest Coverage vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Waa Solar's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Waa Solar'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.
Waa Solar (BOM:541445) has a Interest Coverage of 0.83 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Waa Solar and its competitors. This is 36% below median its historical median of 1.29. Over the past decade, Waa Solar's Interest Coverage has ranged from 0.69 to 2.36. According to the industry distribution chart, Waa Solar ranks #277 out of 322 companies in the Utilities - Independent Power Producers industry, placing it in the top 86%.
Is Waa Solar's Interest Coverage too high?
Waa Solar's current Interest Coverage of 0.83 is 36% below median its 10-year median of 1.29. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 2.36. The Utilities - Independent Power Producers industry median Interest Coverage is 2.84. Waa Solar's value of 0.83 is 70.8% below this industry median. Based on the distribution chart, Waa Solar ranks #277 out of 322 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Waa Solar has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Waa Solar's Interest Coverage compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Waa Solar ranks #277 out of 322 companies for Interest Coverage. This places Waa Solar in the lower half of its industry. The industry median Interest Coverage is 2.84. Waa Solar's value of 0.83 is 70.8% below this benchmark. Historically, Waa Solar's own Interest Coverage has ranged from 0.69 to 2.36 over the past decade. While the company's 10-year median is 1.29 vs. the industry median of 2.84, Waa Solar 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 Utilities - Independent Power Producers company?
The median Interest Coverage among Utilities - Independent Power Producers companies is 2.84, based on 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. Waa Solar's current Interest Coverage of 0.83 is 70.8% 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 Waa Solar and its competitors. For the Utilities - Independent Power Producers industry, the median Interest Coverage is 2.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waa Solar's current Interest Coverage is 0.83, which is 36% below median its own 10-year median of 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waa Solar stock overvalued right now?
Based on GuruFocus' analysis, Waa Solar (BOM:541445) is currently considered Possible Value Trap. The stock's GF Value™ is ₹71.81, compared to a current price of ₹49.50 — trading 31.1% below its estimated fair value. The current Interest Coverage is 0.83, which is 36% below median its 10-year median of 1.29 and 70.8% below the Utilities - Independent Power Producers industry median of 2.84. Waa Solar's overall GF Score™ is 68/100 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 Waa Solar (BOM:541445), the current Interest Coverage is 0.83 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 Waa Solar (BOM:541445) Overvalued in 2026?
Based on GuruFocus' analysis, Waa Solar stock appears to be undervalued.
The current stock price of ₹49.50 is trading 31.1% below its estimated GF Value™ of ₹71.81.
GuruFocus considers Waa Solar to be Possible Value Trap.
Key valuation signals for BOM:541445:
Interest Coverage: 0.83 (36% below median its 10-year median of 1.29)
GF Value™: ₹71.81 vs. price of ₹49.50 (31.1% below fair value)
Industry Position: 70.8% below the Utilities - Independent Power Producers median (#277 of 322)
No single metric tells the full story. See the BOM:541445 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Waa Solar Ltd is an Indian firm engaged in solar power generation. The company is focused on the development of solar power projects through ground-mounted and rooftop solar installations. Its project portfolio comprises a 10.25 MW (DC) capacity of a ground-mounted Solar PV power project in Gujarat, a 100 KW solar project at Raja Bhoj Airport in Bhopal, and various 47.5 MW solar projects at different locations in Gujarat, among others.
68GF Score
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