L K Mehta Polymers (BOM:544366) Interest Coverage: 1.88 (As of Mar. 2026) — 23% Above Median

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BOM:544366 L K Mehta Polymers Ltd BOM:544366
9 GF Score
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What is L K Mehta Polymers Interest Coverage?

L K Mehta Polymers BOM:544366 9 Interest Coverage is 1.88 as of Mar. 2026, which is 23% above its 10-year median of 1.53. GuruFocus rates BOM:544366 with a GF Score™ of 9/100. The stock has 6 warning signs investors should review. Among 1,233 Chemicals companies, L K Mehta Polymers ranks worse than 87.19% 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. L K Mehta Polymers's Operating Income for the six months ended in Mar. 2026 was ₹7.1 Mil. L K Mehta Polymers's Interest Expense for the six months ended in Mar. 2026 was ₹-3.8 Mil. L K Mehta Polymers's interest coverage for the quarter that ended in Mar. 2026 was 1.88. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for L K Mehta Polymers's Interest Coverage or its related term are showing as below:

BOM:544366' s Interest Coverage Range Over the Past 10 Years
Min: 0.08   Med: 1.53   Max: 1.94
Current: 1.85


BOM:544366's Interest Coverage is ranked worse than
87.19% of 1233 companies
in the Chemicals industry
Industry Median: 10.26 vs BOM:544366: 1.85

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


L K Mehta Polymers  (BOM:544366) 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 .


L K Mehta Polymers Interest Coverage Related Terms


L K Mehta Polymers Interest Coverage Historical Data

* Premium members only.

The historical data trend for L K Mehta Polymers'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.

L K Mehta Polymers Interest Coverage Chart

L K Mehta Polymers Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
0.32 0.08 1.53 1.94 1.85

L K Mehta Polymers Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Interest Coverage Get a 7-Day Free Trial N/A 1.81 2.05 1.80 1.88

BOM:544366 vs LIN, SHW, ECL: Interest Coverage Comparison

For the Specialty Chemicals subindustry, L K Mehta Polymers'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.


L K Mehta Polymers Interest Coverage vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, L K Mehta Polymers's Interest Coverage distribution charts can be found below:

* The bar in red indicates where L K Mehta Polymers's Interest Coverage falls into.


BOM:544366
9GF Score
L K Mehta Polymers Ltd BOM:544366
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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L K Mehta Polymers 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.

L K Mehta Polymers'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, L K Mehta Polymers's Interest Expense was ₹-6.6 Mil. Its Operating Income was ₹12.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹15.3 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*12.158/-6.581
=1.85

L K Mehta Polymers's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, L K Mehta Polymers's Interest Expense was ₹-3.8 Mil. Its Operating Income was ₹7.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹15.3 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*7.059/-3.755
=1.88

* 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 1.88 mean?
L K Mehta Polymers (BOM:544366) has a Interest Coverage of 1.88 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on L K Mehta Polymers and its competitors. This is 23% above median its historical median of 1.53. Over the past decade, L K Mehta Polymers' Interest Coverage has ranged from 0.08 to 1.94. According to the industry distribution chart, L K Mehta Polymers ranks #1075 out of 1233 companies in the Chemicals industry, placing it in the top 87.2%.
Is L K Mehta Polymers' Interest Coverage too high?
L K Mehta Polymers' current Interest Coverage of 1.88 is 23% above median its 10-year median of 1.53. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 1.94. The Chemicals industry median Interest Coverage is 10.26. L K Mehta Polymers' value of 1.88 is 81.7% below this industry median. Based on the distribution chart, L K Mehta Polymers ranks #1075 out of 1233 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, L K Mehta Polymers has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does L K Mehta Polymers' Interest Coverage compare to LIN and SHW?
According to the Chemicals industry distribution chart, L K Mehta Polymers ranks #1075 out of 1233 companies for Interest Coverage. This places L K Mehta Polymers in the lower half of its industry. The industry median Interest Coverage is 10.26. L K Mehta Polymers' value of 1.88 is 81.7% below this benchmark. Historically, L K Mehta Polymers' own Interest Coverage has ranged from 0.08 to 1.94 over the past decade. While the company's 10-year median is 1.53 vs. the industry median of 10.26, L K Mehta Polymers 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 Chemicals company?
The median Interest Coverage among Chemicals companies is 10.26, based on 1,233 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. L K Mehta Polymers's current Interest Coverage of 1.88 is 81.7% 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 L K Mehta Polymers and its competitors. For the Chemicals industry, the median Interest Coverage is 10.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. L K Mehta Polymers's current Interest Coverage is 1.88, which is 23% above median its own 10-year median of 1.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is L K Mehta Polymers stock overvalued right now?
L K Mehta Polymers (BOM:544366) has a current Interest Coverage of 1.88. The current Interest Coverage is 1.88, which is 23% above median its 10-year median of 1.53 and 81.7% below the Chemicals industry median of 10.26. L K Mehta Polymers' overall GF Score™ is 9/100 with 6 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 L K Mehta Polymers (BOM:544366), the current Interest Coverage is 1.88 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.

L K Mehta Polymers Business Description

Address 1103/2, Mhow-Neemuch Road, Ratlam, MP, IND, 457001
L K Mehta Polymers Ltd is actively involved in the trading and manufacturing of a comprehensive array of plastic products, addressing the diverse needs of its discerning customers. Its product line is sold under the brand name Super Pack. The company offers a wide range of ropes and twines, including monofilament ropes, danline ropes, tape ropes, baler twines, and packaging twine (sutli). The company is also engaged in trading and reprocessing basic raw materials like polypropylene granules and polyethylene granules for its various customers.
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