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Bansal Wire IndustriesBOM:544209 -0.78%45 Interest Coverage is 2.66 as of Jun. 2026, which is 40% below its 10-year median of 4.44. GuruFocus rates BOM:544209 with a GF Score™ of 45/100. The stock has 3 warning signs investors should review. Among 460 Steel companies, Bansal Wire Industries ranks worse than 55.43% 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. Bansal Wire Industries's
Operating Income
for the
three
months ended in Jun. 2026 was ₹412 Mil. Bansal Wire Industries's Interest Expense for the
three
months ended in Jun. 2026 was ₹-155 Mil.
Bansal Wire Industries's interest coverage for the quarter that ended in Jun. 2026 was 2.66.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Bansal Wire Industries's Interest Coverage or its related term are showing as below:
BOM:544209'
s Interest Coverage Range Over the Past 10 Years
Min: 3.8 Med: 4.44 Max: 6.66
Current: 3.92
BOM:544209's Interest Coverage is ranked worse than 55.43% of 460
companies
in the Steel industry
Industry Median: 4.565
vs BOM:544209: 3.92
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 .
Bansal Wire Industries Interest Coverage Related Terms
Bansal Wire Industries Interest Coverage Historical Data
* Premium members only.
The historical data trend for Bansal Wire Industries'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:544209 vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, Bansal Wire Industries'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.
Bansal Wire Industries Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, Bansal Wire Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Bansal Wire Industries'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.
Bansal Wire Industries (BOM:544209) has a Interest Coverage of 2.66 as of Jun. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Bansal Wire Industries and its competitors. This is 40% below median its historical median of 4.44. Over the past decade, Bansal Wire Industries' Interest Coverage has ranged from 3.80 to 6.66. According to the industry distribution chart, Bansal Wire Industries ranks #255 out of 460 companies in the Steel industry, placing it in the top 55.4%.
Is Bansal Wire Industries' Interest Coverage too high?
Bansal Wire Industries' current Interest Coverage of 2.66 is 40% below median its 10-year median of 4.44. Over the past 10 years, this metric has ranged from a low of 3.80 to a high of 6.66. The Steel industry median Interest Coverage is 4.57. Bansal Wire Industries' value of 2.66 is 41.7% below this industry median. Based on the distribution chart, Bansal Wire Industries ranks #255 out of 460 companies in the Steel industry, which is below the industry midpoint. Overall, Bansal Wire Industries has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Bansal Wire Industries' Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, Bansal Wire Industries ranks #255 out of 460 companies for Interest Coverage. This places Bansal Wire Industries in the lower half of its industry. The industry median Interest Coverage is 4.57. Bansal Wire Industries' value of 2.66 is 41.7% below this benchmark. Historically, Bansal Wire Industries' own Interest Coverage has ranged from 3.80 to 6.66 over the past decade. While the company's 10-year median is 4.44 vs. the industry median of 4.57, Bansal Wire Industries 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 a Steel company?
The median Interest Coverage among Steel companies is 4.57, based on 460 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. Bansal Wire Industries's current Interest Coverage of 2.66 is 41.7% 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 Bansal Wire Industries and its competitors. For the Steel industry, the median Interest Coverage is 4.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bansal Wire Industries's current Interest Coverage is 2.66, which is 40% below median its own 10-year median of 4.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bansal Wire Industries stock overvalued right now?
Bansal Wire Industries (BOM:544209) has a current Interest Coverage of 2.66. The current Interest Coverage is 2.66, which is 40% below median its 10-year median of 4.44 and 41.7% below the Steel industry median of 4.57. Bansal Wire Industries' overall GF Score™ is 45/100 with 3 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 Bansal Wire Industries (BOM:544209), the current Interest Coverage is 2.66 as of Jun. 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.
Bansal Wire Industries Ltd is a stainless steel wire manufacturing company. Its products include high-carbon steel wire, mild steel wire (low-carbon steel wire), and stainless steel wire. The company has two reporting segments; Manufacturing & Sales and Job Work. Key revenue is generated from the Manufacturing & Sales segment.
45GF Score
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