National Securities Depository (BOM:544467) Interest Coverage: 50.82 (As of Jun. 2026) — 55% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:544467 National Securities Depository Ltd BOM:544467
47 GF Score
Price ₹821.20
! 2 Warning Signs
View Full Analysis

What is National Securities Depository Interest Coverage?

National Securities Depository BOM:544467 +0.05% 47 Interest Coverage is 50.82 as of Jun. 2026, which is 55% below its 10-year median of 113.03. GuruFocus rates BOM:544467 with a GF Score™ of 47/100. The stock has 2 warning signs investors should review. Among 433 Capital Markets companies, National Securities Depository ranks better than 59.58% 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. National Securities Depository's Operating Income for the three months ended in Jun. 2026 was ₹865 Mil. National Securities Depository's Interest Expense for the three months ended in Jun. 2026 was ₹-17 Mil. National Securities Depository's interest coverage for the quarter that ended in Jun. 2026 was 50.82. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. National Securities Depository Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for National Securities Depository's Interest Coverage or its related term are showing as below:

BOM:544467' s Interest Coverage Range Over the Past 10 Years
Min: 57.06   Med: 113.03   Max: 219.64
Current: 57.06


BOM:544467's Interest Coverage is ranked better than
59.58% of 433 companies
in the Capital Markets industry
Industry Median: 20.93 vs BOM:544467: 57.06

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


National Securities Depository  (BOM:544467) 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 .


National Securities Depository Interest Coverage Related Terms


National Securities Depository Interest Coverage Historical Data

* Premium members only.

The historical data trend for National Securities Depository'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.

National Securities Depository Interest Coverage Chart

National Securities Depository Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial 100.31 125.75 127.77 84.59 57.70

National Securities Depository Quarterly Data
Mar21 Mar22 Mar23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 53.13 79.31 49.22 52.84 50.82

BOM:544467 vs SPGI, CME, ICE: Interest Coverage Comparison

For the Financial Data & Stock Exchanges subindustry, National Securities Depository'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.


National Securities Depository Interest Coverage vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, National Securities Depository's Interest Coverage distribution charts can be found below:

* The bar in red indicates where National Securities Depository's Interest Coverage falls into.


BOM:544467
47GF Score
National Securities Depository Ltd BOM:544467
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Securities Depository 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.

National Securities Depository'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, National Securities Depository's Interest Expense was ₹-67 Mil. Its Operating Income was ₹3,864 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹87 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*3863.543/-66.957
=57.70

National Securities Depository's Interest Coverage for the quarter that ended in Jun. 2026 is calculated as

Here, for the three months ended in Jun. 2026, National Securities Depository's Interest Expense was ₹-17 Mil. Its Operating Income was ₹865 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2026 )/Interest Expense (Q: Jun. 2026 )
=-1*864.671/-17.016
=50.82

* 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 50.82 mean?
National Securities Depository (BOM:544467) has a Interest Coverage of 50.82 as of Jun. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on National Securities Depository and its competitors. This is 55% below median its historical median of 113.03. Over the past decade, National Securities Depository's Interest Coverage has ranged from 57.06 to 219.64. According to the industry distribution chart, National Securities Depository ranks #175 out of 433 companies in the Capital Markets industry, placing it in the top 40.4%.
Is National Securities Depository's Interest Coverage too high?
National Securities Depository's current Interest Coverage of 50.82 is 55% below median its 10-year median of 113.03. Over the past 10 years, this metric has ranged from a low of 57.06 to a high of 219.64. The Capital Markets industry median Interest Coverage is 20.93. National Securities Depository's value of 50.82 is 142.8% above this industry median. Based on the distribution chart, National Securities Depository ranks #175 out of 433 companies in the Capital Markets industry, which is above the industry midpoint. Overall, National Securities Depository has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does National Securities Depository's Interest Coverage compare to SPGI and CME?
According to the Capital Markets industry distribution chart, National Securities Depository ranks #175 out of 433 companies for Interest Coverage. This puts National Securities Depository in the upper half of its industry. The industry median Interest Coverage is 20.93. National Securities Depository's value of 50.82 is 142.8% above this benchmark. Historically, National Securities Depository's own Interest Coverage has ranged from 57.06 to 219.64 over the past decade. While the company's 10-year median is 113.03 vs. the industry median of 20.93, National Securities Depository 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 Capital Markets company?
The median Interest Coverage among Capital Markets companies is 20.93, based on 433 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. National Securities Depository's current Interest Coverage of 50.82 is 142.8% 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 National Securities Depository and its competitors. For the Capital Markets industry, the median Interest Coverage is 20.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Securities Depository's current Interest Coverage is 50.82, which is 55% below median its own 10-year median of 113.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Securities Depository stock overvalued right now?
National Securities Depository (BOM:544467) has a current Interest Coverage of 50.82. The current Interest Coverage is 50.82, which is 55% below median its 10-year median of 113.03 and 142.8% above the Capital Markets industry median of 20.93. National Securities Depository's overall GF Score™ is 47/100 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 National Securities Depository (BOM:544467), the current Interest Coverage is 50.82 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.

National Securities Depository Business Description

Address G-Block, Plot No. C-32, 301, 3rd Floor, Naman Chambers, Bandra Kurla Complex, Bandra East, Mumbai, MH, IND, 400 051
National Securities Depository Ltd is a SEBI-registered market infrastructure institution (MII) that offers a wide range-of-products and services to the financial and securities markets in India. As a depository, it provides a depository framework that allows market participants to engage in the financial and securities markets in India. It also plays a central role in developing products and services that will continue to meet the growing needs of the financial services industry in India. The company's business is to provide depository services to its clients in India, including various services for investors such as dematerialization, re-materialization, holding, transfer, and pledge of securities in electronic form.
47GF Score

Get the complete analysis for BOM:544467

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

₹821.20
Price