Indigo PaintsBOM:543258 +1.09%86 Interest Coverage is 84.67 as of Mar. 2026, which is 69% above its 10-year median of 49.98. GuruFocus rates BOM:543258 with a GF Score™ of 86/100 and a GF Value™ of ₹1,547.66 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,231 Chemicals companies, Indigo Paints ranks better than 81.23% 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. Indigo Paints's
Operating Income
for the
three
months ended in Mar. 2026 was ₹803 Mil. Indigo Paints's Interest Expense for the
three
months ended in Mar. 2026 was ₹-9 Mil.
Indigo Paints's interest coverage for the quarter that ended in Mar. 2026 was 84.67.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Indigo Paints Ltd has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Indigo Paints's Interest Coverage or its related term are showing as below:
BOM:543258'
s Interest Coverage Range Over the Past 10 Years
Min: 3.91 Med: 49.98 Max: 107.32
Current: 66.62
BOM:543258's Interest Coverage is ranked better than 81.23% of 1231
companies
in the Chemicals industry
Industry Median: 10.15
vs BOM:543258: 66.62
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 .
Indigo Paints Interest Coverage Related Terms
Indigo Paints Interest Coverage Historical Data
* Premium members only.
The historical data trend for Indigo Paints'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:543258 vs LIN, SHW, ECL: Interest Coverage Comparison
For the Specialty Chemicals subindustry, Indigo Paints'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.
Indigo Paints Interest Coverage vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Indigo Paints's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Indigo Paints'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.
Indigo Paints (BOM:543258) has a Interest Coverage of 84.67 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Indigo Paints and its competitors. This is 69% above median its historical median of 49.98. Over the past decade, Indigo Paints' Interest Coverage has ranged from 3.91 to 107.32. According to the industry distribution chart, Indigo Paints ranks #231 out of 1231 companies in the Chemicals industry, placing it in the top 18.8%.
Is Indigo Paints' Interest Coverage too high?
Indigo Paints' current Interest Coverage of 84.67 is 69% above median its 10-year median of 49.98. Over the past 10 years, this metric has ranged from a low of 3.91 to a high of 107.32. The Chemicals industry median Interest Coverage is 10.15. Indigo Paints' value of 84.67 is 734.2% above this industry median. Based on the distribution chart, Indigo Paints ranks #231 out of 1231 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Indigo Paints has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indigo Paints' Interest Coverage compare to LIN and SHW?
According to the Chemicals industry distribution chart, Indigo Paints ranks #231 out of 1231 companies for Interest Coverage. This places Indigo Paints in the top 19% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 10.15. Indigo Paints' value of 84.67 is 734.2% above this benchmark. Historically, Indigo Paints' own Interest Coverage has ranged from 3.91 to 107.32 over the past decade. While the company's 10-year median is 49.98 vs. the industry median of 10.15, Indigo Paints 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 Chemicals company?
The median Interest Coverage among Chemicals companies is 10.15, based on 1,231 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. Indigo Paints's current Interest Coverage of 84.67 is 734.2% 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 Indigo Paints and its competitors. For the Chemicals industry, the median Interest Coverage is 10.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indigo Paints's current Interest Coverage is 84.67, which is 69% above median its own 10-year median of 49.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indigo Paints stock overvalued right now?
Based on GuruFocus' analysis, Indigo Paints (BOM:543258) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,547.66, compared to a current price of ₹1,052.25 — trading 32% below its estimated fair value. The current Interest Coverage is 84.67, which is 69% above median its 10-year median of 49.98 and 734.2% above the Chemicals industry median of 10.15. Indigo Paints' overall GF Score™ is 86/100 with 1 warning sign 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 Indigo Paints (BOM:543258), the current Interest Coverage is 84.67 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 Indigo Paints (BOM:543258) Overvalued in 2026?
Based on GuruFocus' analysis, Indigo Paints stock appears to be undervalued.
The current stock price of ₹1,052.25 is trading 32% below its estimated GF Value™ of ₹1,547.66.
GuruFocus considers Indigo Paints to be Significantly Undervalued.
Key valuation signals for BOM:543258:
Interest Coverage: 84.67 (69% above median its 10-year median of 49.98)
GF Value™: ₹1,547.66 vs. price of ₹1,052.25 (32% below fair value)
Industry Position: 734.2% above the Chemicals median (#231 of 1231)
No single metric tells the full story. See the BOM:543258 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indigo Paints Ltd is engaged in manufacturing different types of decorative paints like enamels, emulsions, wood coatings, primers, distempers, putties, and cement paints. Its only operating segment is Paints. Geographically, it derives a majority of revenue from India and also has its presence in other countries.
86GF Score
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