Icodex Publishing Solutions (BOM:544483) Interest Coverage: 12.79 (As of Mar. 2026) — 90% Below Median

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BOM:544483 Icodex Publishing Solutions Ltd BOM:544483
22 GF Score
Price ₹36.69
! 4 Warning Signs
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What is Icodex Publishing Solutions Interest Coverage?

Icodex Publishing Solutions BOM:544483 -5.17% 22 Interest Coverage is 12.79 as of Mar. 2026, which is 90% below its 10-year median of 127.87. GuruFocus rates BOM:544483 with a GF Score™ of 22/100. The stock has 4 warning signs investors should review. Among 1,720 Software companies, Icodex Publishing Solutions ranks better than 50.64% 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. Icodex Publishing Solutions's Operating Income for the six months ended in Mar. 2026 was ₹25.7 Mil. Icodex Publishing Solutions's Interest Expense for the six months ended in Mar. 2026 was ₹-2.0 Mil. Icodex Publishing Solutions's interest coverage for the quarter that ended in Mar. 2026 was 12.79. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Icodex Publishing Solutions's Interest Coverage or its related term are showing as below:

BOM:544483' s Interest Coverage Range Over the Past 10 Years
Min: 27.35   Med: 127.87   Max: No Debt
Current: 27.35


BOM:544483's Interest Coverage is ranked better than
50.64% of 1720 companies
in the Software industry
Industry Median: 26.445 vs BOM:544483: 27.35

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


Icodex Publishing Solutions  (BOM:544483) 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 .


Icodex Publishing Solutions Interest Coverage Related Terms


Icodex Publishing Solutions Interest Coverage Historical Data

* Premium members only.

The historical data trend for Icodex Publishing Solutions'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.

Icodex Publishing Solutions Interest Coverage Chart

Icodex Publishing Solutions Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
No Debt 163.83 127.87 57.91 27.35

Icodex Publishing Solutions Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Interest Coverage Get a 7-Day Free Trial No Debt 79.14 46.81 45.28 12.79

BOM:544483 vs QH, SHOP, UBER: Interest Coverage Comparison

For the Software - Application subindustry, Icodex Publishing Solutions'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.


Icodex Publishing Solutions Interest Coverage vs Software Industry

For the Software industry and Technology sector, Icodex Publishing Solutions's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Icodex Publishing Solutions's Interest Coverage falls into.


BOM:544483
22GF Score
Icodex Publishing Solutions Ltd BOM:544483
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Icodex Publishing Solutions 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.

Icodex Publishing Solutions'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, Icodex Publishing Solutions's Interest Expense was ₹-3.6 Mil. Its Operating Income was ₹99.5 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*99.533/-3.639
=27.35

Icodex Publishing Solutions's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, Icodex Publishing Solutions's Interest Expense was ₹-2.0 Mil. Its Operating Income was ₹25.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*25.673/-2.008
=12.79

* 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 12.79 mean?
Icodex Publishing Solutions (BOM:544483) has a Interest Coverage of 12.79 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Icodex Publishing Solutions and its competitors. This is 90% below median its historical median of 127.87. Over the past decade, Icodex Publishing Solutions' Interest Coverage has ranged from 27.35 to 10,000.00. According to the industry distribution chart, Icodex Publishing Solutions ranks #849 out of 1720 companies in the Software industry, placing it in the top 49.4%.
Is Icodex Publishing Solutions' Interest Coverage too high?
Icodex Publishing Solutions' current Interest Coverage of 12.79 is 90% below median its 10-year median of 127.87. Over the past 10 years, this metric has ranged from a low of 27.35 to a high of 10,000.00. The Software industry median Interest Coverage is 26.45. Icodex Publishing Solutions' value of 12.79 is 51.6% below this industry median. Based on the distribution chart, Icodex Publishing Solutions ranks #849 out of 1720 companies in the Software industry, which is above the industry midpoint. Overall, Icodex Publishing Solutions has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Icodex Publishing Solutions' Interest Coverage compare to QH and SHOP?
According to the Software industry distribution chart, Icodex Publishing Solutions ranks #849 out of 1720 companies for Interest Coverage. This puts Icodex Publishing Solutions in the upper half of its industry. The industry median Interest Coverage is 26.45. Icodex Publishing Solutions' value of 12.79 is 51.6% below this benchmark. Historically, Icodex Publishing Solutions' own Interest Coverage has ranged from 27.35 to 10,000.00 over the past decade. While the company's 10-year median is 127.87 vs. the industry median of 26.45, Icodex Publishing Solutions 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 Software company?
The median Interest Coverage among Software companies is 26.45, based on 1,720 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. Icodex Publishing Solutions's current Interest Coverage of 12.79 is 51.6% 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 Icodex Publishing Solutions and its competitors. For the Software industry, the median Interest Coverage is 26.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icodex Publishing Solutions's current Interest Coverage is 12.79, which is 90% below median its own 10-year median of 127.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icodex Publishing Solutions stock overvalued right now?
Icodex Publishing Solutions (BOM:544483) has a current Interest Coverage of 12.79. The current Interest Coverage is 12.79, which is 90% below median its 10-year median of 127.87 and 51.6% below the Software industry median of 26.45. Icodex Publishing Solutions' overall GF Score™ is 22/100 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 Icodex Publishing Solutions (BOM:544483), the current Interest Coverage is 12.79 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.

Icodex Publishing Solutions Business Description

Address 102, First Floor, Suman Business Park, Kalyani Nagar, Viman Nagar, Pune, MH, IND, 411014
Icodex Publishing Solutions Ltd is engaged in the business of Software Product Development for Scholarly Publishing. Its Software products help in publication of research papers, studies and academic articles; that help researchers, academicians, and scholars in their field of work. The company specializes in a developing and providing publishing products and software, which support the publishing process, i.e., from manuscript preparation till print and digital content distribution. It also provides Business Process Management services that support the publishing process with activities like Quality assurance checks, editorial services and back-end support to its Global Publishing Client.
22GF Score

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