Parmeshwar Metal (BOM:544330) Interest Coverage: 27.92 (As of Mar. 2026) — 288% Above Median

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BOM:544330 Parmeshwar Metal Ltd BOM:544330
44 GF Score
Price ₹194.95
! 4 Warning Signs
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What is Parmeshwar Metal Interest Coverage?

Parmeshwar Metal BOM:544330 +2.61% 44 Interest Coverage is 27.92 as of Mar. 2026, which is 288% above its 10-year median of 7.20. GuruFocus rates BOM:544330 with a GF Score™ of 44/100. The stock has 4 warning signs investors should review. Among 2,329 Industrial Products companies, Parmeshwar Metal ranks better than 61.1% 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. Parmeshwar Metal's Operating Income for the six months ended in Mar. 2026 was ₹303 Mil. Parmeshwar Metal's Interest Expense for the six months ended in Mar. 2026 was ₹-11 Mil. Parmeshwar Metal's interest coverage for the quarter that ended in Mar. 2026 was 27.92. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Parmeshwar Metal's Interest Coverage or its related term are showing as below:

BOM:544330' s Interest Coverage Range Over the Past 10 Years
Min: 4.05   Med: 7.2   Max: 25.09
Current: 25.09


BOM:544330's Interest Coverage is ranked better than
61.1% of 2329 companies
in the Industrial Products industry
Industry Median: 14.69 vs BOM:544330: 25.09

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Parmeshwar Metal  (BOM:544330) 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 .


Parmeshwar Metal Interest Coverage Related Terms


Parmeshwar Metal Interest Coverage Historical Data

* Premium members only.

The historical data trend for Parmeshwar Metal'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.

Parmeshwar Metal Interest Coverage Chart

Parmeshwar Metal Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial 6.98 8.03 4.35 7.41 25.09

Parmeshwar Metal Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Interest Coverage Get a 7-Day Free Trial N/A 5.45 9.65 19.82 27.92

BOM:544330 vs VRT, BE: Interest Coverage Comparison

For the Electrical Equipment & Parts subindustry, Parmeshwar Metal'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.


Parmeshwar Metal Interest Coverage vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Parmeshwar Metal's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Parmeshwar Metal's Interest Coverage falls into.


BOM:544330
44GF Score
Parmeshwar Metal Ltd BOM:544330
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Parmeshwar Metal Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Parmeshwar Metal's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Parmeshwar Metal's Interest Expense was ₹-17 Mil. Its Operating Income was ₹419 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*418.698/-16.689
=25.09

Parmeshwar Metal's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, Parmeshwar Metal's Interest Expense was ₹-11 Mil. Its Operating Income was ₹303 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*302.889/-10.847
=27.92

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 27.92 mean?
Parmeshwar Metal (BOM:544330) has a Interest Coverage of 27.92 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Parmeshwar Metal and its competitors. This is 288% above median its historical median of 7.20. Over the past decade, Parmeshwar Metal's Interest Coverage has ranged from 4.05 to 25.09. According to the industry distribution chart, Parmeshwar Metal ranks #906 out of 2329 companies in the Industrial Products industry, placing it in the top 38.9%.
Is Parmeshwar Metal's Interest Coverage too high?
Parmeshwar Metal's current Interest Coverage of 27.92 is 288% above median its 10-year median of 7.20. Over the past 10 years, this metric has ranged from a low of 4.05 to a high of 25.09. The Industrial Products industry median Interest Coverage is 14.69. Parmeshwar Metal's value of 27.92 is 90.1% above this industry median. Based on the distribution chart, Parmeshwar Metal ranks #906 out of 2329 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Parmeshwar Metal has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Parmeshwar Metal's Interest Coverage compare to VRT and BE?
According to the Industrial Products industry distribution chart, Parmeshwar Metal ranks #906 out of 2329 companies for Interest Coverage. This puts Parmeshwar Metal in the upper half of its industry. The industry median Interest Coverage is 14.69. Parmeshwar Metal's value of 27.92 is 90.1% above this benchmark. Historically, Parmeshwar Metal's own Interest Coverage has ranged from 4.05 to 25.09 over the past decade. While the company's 10-year median is 7.20 vs. the industry median of 14.69, Parmeshwar Metal 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 an Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.69, based on 2,329 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. Parmeshwar Metal's current Interest Coverage of 27.92 is 90.1% 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 Parmeshwar Metal and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Parmeshwar Metal's current Interest Coverage is 27.92, which is 288% above median its own 10-year median of 7.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Parmeshwar Metal stock overvalued right now?
Parmeshwar Metal (BOM:544330) has a current Interest Coverage of 27.92. The current Interest Coverage is 27.92, which is 288% above median its 10-year median of 7.20 and 90.1% above the Industrial Products industry median of 14.69. Parmeshwar Metal's overall GF Score™ is 44/100 with 4 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 Parmeshwar Metal (BOM:544330), the current Interest Coverage is 27.92 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.

Parmeshwar Metal Business Description

Address E425, east, 4th Floor, Siddharaj Z Square, Opposite the Landmark, Kudasan, Gandhinagar, GJ, IND, 382421
Parmeshwar Metal Ltd is engaged in the business of manufacturing copper wire and copper wire rods by recycling copper scrap. The company manufactures copper wire and copper wire rods that include power cables, building wires, transformers, and automotive industry, household cables, as well as bare and enameled wires. The Company at present is engaged in one segment, which is the manufacturing and trading of copper wire and copper wire rods by recycling of copper scrap and various types of metals, other metallic substances, and other related products.
44GF Score

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Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹194.95
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