Afloat EnterprisesBOM:543377 -5.93%42 Interest Coverage is 217.67 as of Mar. 2026, which is 96% below its 10-year median of 5,002.83. GuruFocus rates BOM:543377 with a GF Score™ of 42/100 and a GF Value™ of ₹1.74 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 456 Steel companies, Afloat Enterprises ranks worse than 219298.03% 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. Afloat Enterprises's
Operating Income
for the
six
months ended in Mar. 2026 was ₹0.65 Mil. Afloat Enterprises's Interest Expense for the
six
months ended in Mar. 2026 was ₹-0.00 Mil.
Afloat Enterprises's interest coverage for the quarter that ended in Mar. 2026 was 217.67.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Afloat Enterprises's Interest Coverage or its related term are showing as below:
BOM:543377's Interest Coverage is not ranked *
in the Steel industry.
Industry Median: 4.445 * Ranked among companies with meaningful Interest Coverage only.
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 .
Afloat Enterprises Interest Coverage Related Terms
Afloat Enterprises Interest Coverage Historical Data
* Premium members only.
The historical data trend for Afloat Enterprises'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:543377 vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, Afloat Enterprises'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.
Afloat Enterprises Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, Afloat Enterprises's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Afloat Enterprises'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.
Afloat Enterprises (BOM:543377) has a Interest Coverage of 217.67 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Afloat Enterprises and its competitors. This is 96% below median its historical median of 5,002.83. According to the industry distribution chart, Afloat Enterprises ranks #999999 out of 456 companies in the Steel industry.
Is Afloat Enterprises' Interest Coverage too high?
Afloat Enterprises' current Interest Coverage of 217.67 is 96% below median its 10-year median of 5,002.83. The Steel industry median Interest Coverage is 4.45. Afloat Enterprises' value of 217.67 is 4797% above this industry median. Based on the distribution chart, Afloat Enterprises ranks #999999 out of 456 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Afloat Enterprises has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Afloat Enterprises' Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, Afloat Enterprises ranks #999999 out of 456 companies for Interest Coverage. This places Afloat Enterprises in the lower half of its industry. The industry median Interest Coverage is 4.45. Afloat Enterprises' value of 217.67 is 4797% above this benchmark. While the company's 10-year median is 5,002.83 vs. the industry median of 4.45, Afloat Enterprises 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 Steel company?
The median Interest Coverage among Steel companies is 4.45, based on 456 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. Afloat Enterprises's current Interest Coverage of 217.67 is 4797% 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 Afloat Enterprises and its competitors. For the Steel industry, the median Interest Coverage is 4.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afloat Enterprises's current Interest Coverage is 217.67, which is 96% below median its own 10-year median of 5,002.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afloat Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Afloat Enterprises (BOM:543377) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1.74, compared to a current price of ₹13.00 — trading 647.1% above its estimated fair value. The current Interest Coverage is 217.67, which is 96% below median its 10-year median of 5,002.83 and 4797% above the Steel industry median of 4.45. Afloat Enterprises' overall GF Score™ is 42/100 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 Afloat Enterprises (BOM:543377), the current Interest Coverage is 217.67 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 Afloat Enterprises (BOM:543377) Overvalued in 2026?
Based on GuruFocus' analysis, Afloat Enterprises stock appears to be overvalued.
The current stock price of ₹13.00 is trading 647.1% above its estimated GF Value™ of ₹1.74.
GuruFocus considers Afloat Enterprises to be Significantly Overvalued.
Key valuation signals for BOM:543377:
Interest Coverage: 217.67 (96% below median its 10-year median of 5,002.83)
GF Value™: ₹1.74 vs. price of ₹13.00 (647.1% above fair value)
Industry Position: 4797% above the Steel median (#999999 of 456)
No single metric tells the full story. See the BOM:543377 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Afloat Enterprises Ltd operates in the trading of metals, with a core focus on iron and steel products. The company's business activities include the manufacture, production, procurement, conversion, sale, and trading of various iron and steel items such as tin plates, ETP sheets, and stainless products. Additionally, it deals in commodities like diamonds, gold, wheat, rice, and oils, engaging in trading both within India and internationally. The company generates revenue prominently from its metal trading operations and commodities trading. Its operations are majorly based in India, serving various industrial and commodity markets across the country and abroad.
42GF Score
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