Patel Chem Specialities (BOM:544460) Interest Coverage: 18.09 (As of Mar. 2026) — 42% Above Median

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BOM:544460 Patel Chem Specialities Ltd BOM:544460
18 GF Score
Price ₹92.69
! 2 Warning Signs
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What is Patel Chem Specialities Interest Coverage?

Patel Chem Specialities BOM:544460 +1.59% 18 Interest Coverage is 18.09 as of Mar. 2026, which is 42% above its 10-year median of 12.74. GuruFocus rates BOM:544460 with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 1,242 Chemicals companies, Patel Chem Specialities ranks better than 58.78% 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. Patel Chem Specialities's Operating Income for the six months ended in Mar. 2026 was ₹81 Mil. Patel Chem Specialities's Interest Expense for the six months ended in Mar. 2026 was ₹-4 Mil. Patel Chem Specialities's interest coverage for the quarter that ended in Mar. 2026 was 18.09. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Patel Chem Specialities's Interest Coverage or its related term are showing as below:

BOM:544460' s Interest Coverage Range Over the Past 10 Years
Min: 4.6   Med: 12.74   Max: 16.7
Current: 16.7


BOM:544460's Interest Coverage is ranked better than
58.78% of 1242 companies
in the Chemicals industry
Industry Median: 10.395 vs BOM:544460: 16.70

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


Patel Chem Specialities  (BOM:544460) 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 .


Patel Chem Specialities Interest Coverage Related Terms


Patel Chem Specialities Interest Coverage Historical Data

* Premium members only.

The historical data trend for Patel Chem Specialities'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.

Patel Chem Specialities Interest Coverage Chart

Patel Chem Specialities Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
6.47 4.60 12.74 15.84 16.70

Patel Chem Specialities Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Interest Coverage Get a 7-Day Free Trial N/A 15.91 15.77 15.51 18.09

BOM:544460 vs DOW: Interest Coverage Comparison

For the Chemicals subindustry, Patel Chem Specialities'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.


Patel Chem Specialities Interest Coverage vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Patel Chem Specialities's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Patel Chem Specialities's Interest Coverage falls into.


BOM:544460
18GF Score
Patel Chem Specialities Ltd BOM:544460
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Patel Chem Specialities 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.

Patel Chem Specialities'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, Patel Chem Specialities's Interest Expense was ₹-10 Mil. Its Operating Income was ₹161 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹92 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*161.298/-9.656
=16.70

Patel Chem Specialities's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, Patel Chem Specialities's Interest Expense was ₹-4 Mil. Its Operating Income was ₹81 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹92 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*80.914/-4.474
=18.09

* 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 18.09 mean?
Patel Chem Specialities (BOM:544460) has a Interest Coverage of 18.09 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Patel Chem Specialities and its competitors. This is 42% above median its historical median of 12.74. Over the past decade, Patel Chem Specialities' Interest Coverage has ranged from 4.60 to 16.70. According to the industry distribution chart, Patel Chem Specialities ranks #512 out of 1242 companies in the Chemicals industry, placing it in the top 41.2%.
Is Patel Chem Specialities' Interest Coverage too high?
Patel Chem Specialities' current Interest Coverage of 18.09 is 42% above median its 10-year median of 12.74. Over the past 10 years, this metric has ranged from a low of 4.60 to a high of 16.70. The Chemicals industry median Interest Coverage is 10.40. Patel Chem Specialities' value of 18.09 is 74% above this industry median. Based on the distribution chart, Patel Chem Specialities ranks #512 out of 1242 companies in the Chemicals industry, which is above the industry midpoint. Overall, Patel Chem Specialities has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Patel Chem Specialities' Interest Coverage compare to DOW?
According to the Chemicals industry distribution chart, Patel Chem Specialities ranks #512 out of 1242 companies for Interest Coverage. This puts Patel Chem Specialities in the upper half of its industry. The industry median Interest Coverage is 10.40. Patel Chem Specialities' value of 18.09 is 74% above this benchmark. Historically, Patel Chem Specialities' own Interest Coverage has ranged from 4.60 to 16.70 over the past decade. While the company's 10-year median is 12.74 vs. the industry median of 10.40, Patel Chem Specialities 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 10.40, based on 1,242 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. Patel Chem Specialities's current Interest Coverage of 18.09 is 74% 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 Patel Chem Specialities and its competitors. For the Chemicals industry, the median Interest Coverage is 10.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patel Chem Specialities's current Interest Coverage is 18.09, which is 42% above median its own 10-year median of 12.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patel Chem Specialities stock overvalued right now?
Patel Chem Specialities (BOM:544460) has a current Interest Coverage of 18.09. The current Interest Coverage is 18.09, which is 42% above median its 10-year median of 12.74 and 74% above the Chemicals industry median of 10.40. Patel Chem Specialities' overall GF Score™ is 18/100 with 2 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 Patel Chem Specialities (BOM:544460), the current Interest Coverage is 18.09 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.

Patel Chem Specialities Business Description

Address Vatva Road, Plot No. 272/4-5, Phase II, G.I.D.C Industrial Estate, Ahmedabad, GJ, IND, 382445
Patel Chem Specialities Ltd operates in the field of specialty chemicals, particularly focusing on the production of cellulose-based excipients. It manufactures a diverse products that are critical to various industries, including pharmaceuticals, food & beverages, cosmetics, and numerous industrial applications. These chemicals are fundamental in the formulation of essential products such as tablets, food additives, personal care items, and industrial formulations. Its products play vital roles as binders, disintegrants, thickeners, stabilizers, and gelling agents, each serving a specialized function across multiple sectors.
18GF Score

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