GRE Renew Enertech (BOM:544682) Interest Coverage: 83.82 (As of Mar. 2026) — 183% Above Median

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BOM:544682 GRE Renew Enertech Ltd BOM:544682
21 GF Score
Price ₹170.20
! 4 Warning Signs
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What is GRE Renew Enertech Interest Coverage?

GRE Renew Enertech BOM:544682 -4.19% 21 Interest Coverage is 83.82 as of Mar. 2026, which is 183% above its 10-year median of 29.61. GuruFocus rates BOM:544682 with a GF Score™ of 21/100. The stock has 4 warning signs investors should review. Among 640 Semiconductors companies, GRE Renew Enertech ranks better than 61.56% 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. GRE Renew Enertech's Operating Income for the six months ended in Mar. 2026 was ₹101 Mil. GRE Renew Enertech's Interest Expense for the six months ended in Mar. 2026 was ₹-1 Mil. GRE Renew Enertech's interest coverage for the quarter that ended in Mar. 2026 was 83.82. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for GRE Renew Enertech's Interest Coverage or its related term are showing as below:

BOM:544682' s Interest Coverage Range Over the Past 10 Years
Min: 6.68   Med: 29.61   Max: 78.72
Current: 43.71


BOM:544682's Interest Coverage is ranked better than
61.56% of 640 companies
in the Semiconductors industry
Industry Median: 21.63 vs BOM:544682: 43.71

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


GRE Renew Enertech  (BOM:544682) 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 .


GRE Renew Enertech Interest Coverage Related Terms


GRE Renew Enertech Interest Coverage Historical Data

* Premium members only.

The historical data trend for GRE Renew Enertech'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.

GRE Renew Enertech Interest Coverage Chart

GRE Renew Enertech Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Interest Coverage
6.68 30.77 28.45 78.72

GRE Renew Enertech Semi-Annual Data
Mar23 Mar24 Mar25 Sep25 Mar26
Interest Coverage N/A N/A 24.28 23.16 83.82

BOM:544682 vs FSLR, NXT, ENPH: Interest Coverage Comparison

For the Solar subindustry, GRE Renew Enertech'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.


GRE Renew Enertech Interest Coverage vs Semiconductors Industry

For the Semiconductors industry and Technology sector, GRE Renew Enertech's Interest Coverage distribution charts can be found below:

* The bar in red indicates where GRE Renew Enertech's Interest Coverage falls into.


BOM:544682
21GF Score
GRE Renew Enertech Ltd BOM:544682
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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GRE Renew Enertech 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.

GRE Renew Enertech'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, GRE Renew Enertech's Interest Expense was ₹-2 Mil. Its Operating Income was ₹154 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹12 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*154.282/-1.96
=78.72

GRE Renew Enertech's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, GRE Renew Enertech's Interest Expense was ₹-1 Mil. Its Operating Income was ₹101 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹12 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*101.334/-1.209
=83.82

* 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 83.82 mean?
GRE Renew Enertech (BOM:544682) has a Interest Coverage of 83.82 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on GRE Renew Enertech and its competitors. This is 183% above median its historical median of 29.61. Over the past decade, GRE Renew Enertech's Interest Coverage has ranged from 6.68 to 78.72. According to the industry distribution chart, GRE Renew Enertech ranks #246 out of 640 companies in the Semiconductors industry, placing it in the top 38.4%.
Is GRE Renew Enertech's Interest Coverage too high?
GRE Renew Enertech's current Interest Coverage of 83.82 is 183% above median its 10-year median of 29.61. Over the past 10 years, this metric has ranged from a low of 6.68 to a high of 78.72. The Semiconductors industry median Interest Coverage is 21.63. GRE Renew Enertech's value of 83.82 is 287.5% above this industry median. Based on the distribution chart, GRE Renew Enertech ranks #246 out of 640 companies in the Semiconductors industry, which is above the industry midpoint. Overall, GRE Renew Enertech has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does GRE Renew Enertech's Interest Coverage compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, GRE Renew Enertech ranks #246 out of 640 companies for Interest Coverage. This puts GRE Renew Enertech in the upper half of its industry. The industry median Interest Coverage is 21.63. GRE Renew Enertech's value of 83.82 is 287.5% above this benchmark. Historically, GRE Renew Enertech's own Interest Coverage has ranged from 6.68 to 78.72 over the past decade. While the company's 10-year median is 29.61 vs. the industry median of 21.63, GRE Renew Enertech 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 Semiconductors company?
The median Interest Coverage among Semiconductors companies is 21.63, based on 640 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. GRE Renew Enertech's current Interest Coverage of 83.82 is 287.5% 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 GRE Renew Enertech and its competitors. For the Semiconductors industry, the median Interest Coverage is 21.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GRE Renew Enertech's current Interest Coverage is 83.82, which is 183% above median its own 10-year median of 29.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GRE Renew Enertech stock overvalued right now?
GRE Renew Enertech (BOM:544682) has a current Interest Coverage of 83.82. The current Interest Coverage is 83.82, which is 183% above median its 10-year median of 29.61 and 287.5% above the Semiconductors industry median of 21.63. GRE Renew Enertech's overall GF Score™ is 21/100 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 GRE Renew Enertech (BOM:544682), the current Interest Coverage is 83.82 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.

GRE Renew Enertech Business Description

Address Science City Road, B-1104/1105, Empire Business Hub, Near Shukan Mall, Sola, Ahmedabad, GJ, IND, 380060
GRE Renew Enertech Ltd is engaged in the manufacturing of LED products, solar power generation systems, and power products. The Company provides on-site solar energy solutions, including rooftop and ground-mounted installations. It operates in two reportable segments: Capital Expenditure (CAPEX), which includes engineering, procurement, construction, and operation of solar projects, and Renewable Energy Service Company (RESCO), under which the Company finances, owns, and operates solar projects and supplies electricity to users at an agreed tariff over a defined period. The Company generates the majority of its revenue from solar services.
21GF Score

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