MSAFE Equipments (BOM:544695) Interest Coverage: 10.15 (As of Mar. 2026) — 56% Above Median

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BOM:544695 MSAFE Equipments Ltd BOM:544695
21 GF Score
Price ₹230.50
! 6 Warning Signs
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What is MSAFE Equipments Interest Coverage?

MSAFE Equipments BOM:544695 -0.24% 21 Interest Coverage is 10.15 as of Mar. 2026, which is 56% above its 10-year median of 6.50. GuruFocus rates BOM:544695 with a GF Score™ of 21/100. The stock has 6 warning signs investors should review. Among 1,332 Metals & Mining companies, MSAFE Equipments ranks worse than 81.31% 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. MSAFE Equipments's Operating Income for the six months ended in Mar. 2026 was ₹170.6 Mil. MSAFE Equipments's Interest Expense for the six months ended in Mar. 2026 was ₹-16.8 Mil. MSAFE Equipments's interest coverage for the quarter that ended in Mar. 2026 was 10.15. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for MSAFE Equipments's Interest Coverage or its related term are showing as below:

BOM:544695' s Interest Coverage Range Over the Past 10 Years
Min: 5.51   Med: 6.5   Max: 10.84
Current: 10.84


BOM:544695's Interest Coverage is ranked worse than
81.31% of 1332 companies
in the Metals & Mining industry
Industry Median: No Debt vs BOM:544695: 10.84

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


MSAFE Equipments  (BOM:544695) 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 .


MSAFE Equipments Interest Coverage Related Terms


MSAFE Equipments Interest Coverage Historical Data

* Premium members only.

The historical data trend for MSAFE Equipments'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.

MSAFE Equipments Interest Coverage Chart

MSAFE Equipments Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Interest Coverage
5.61 5.51 7.38 10.05

MSAFE Equipments Semi-Annual Data
Mar23 Mar24 Mar25 Sep25 Mar26
Interest Coverage N/A N/A 6.28 11.57 10.15

BOM:544695 vs AA: Interest Coverage Comparison

For the Aluminum subindustry, MSAFE Equipments'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.


MSAFE Equipments Interest Coverage vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, MSAFE Equipments's Interest Coverage distribution charts can be found below:

* The bar in red indicates where MSAFE Equipments's Interest Coverage falls into.


BOM:544695
21GF Score
MSAFE Equipments Ltd BOM:544695
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MSAFE Equipments 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.

MSAFE Equipments'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, MSAFE Equipments's Interest Expense was ₹-32.5 Mil. Its Operating Income was ₹326.6 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹99.5 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*326.568/-32.507
=10.05

MSAFE Equipments's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, MSAFE Equipments's Interest Expense was ₹-16.8 Mil. Its Operating Income was ₹170.6 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹99.5 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*170.606/-16.812
=10.15

* 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 10.15 mean?
MSAFE Equipments (BOM:544695) has a Interest Coverage of 10.15 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on MSAFE Equipments and its competitors. This is 56% above median its historical median of 6.50. Over the past decade, MSAFE Equipments' Interest Coverage has ranged from 5.51 to 10.84. According to the industry distribution chart, MSAFE Equipments ranks #1083 out of 1332 companies in the Metals & Mining industry, placing it in the top 81.3%.
Is MSAFE Equipments' Interest Coverage too high?
MSAFE Equipments' current Interest Coverage of 10.15 is 56% above median its 10-year median of 6.50. Over the past 10 years, this metric has ranged from a low of 5.51 to a high of 10.84. The Metals & Mining industry median Interest Coverage is 10,000.00. MSAFE Equipments' value of 10.15 is 99.9% below this industry median. Based on the distribution chart, MSAFE Equipments ranks #1083 out of 1332 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, MSAFE Equipments has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does MSAFE Equipments' Interest Coverage compare to AA?
According to the Metals & Mining industry distribution chart, MSAFE Equipments ranks #1083 out of 1332 companies for Interest Coverage. This places MSAFE Equipments in the lower half of its industry. The industry median Interest Coverage is 10,000.00. MSAFE Equipments' value of 10.15 is 99.9% below this benchmark. Historically, MSAFE Equipments' own Interest Coverage has ranged from 5.51 to 10.84 over the past decade. While the company's 10-year median is 6.50 vs. the industry median of 10,000.00, MSAFE Equipments 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 Metals & Mining company?
The median Interest Coverage among Metals & Mining companies is 10,000.00, based on 1,332 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. MSAFE Equipments's current Interest Coverage of 10.15 is 99.9% 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 MSAFE Equipments and its competitors. For the Metals & Mining industry, the median Interest Coverage is 10,000.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MSAFE Equipments's current Interest Coverage is 10.15, which is 56% above median its own 10-year median of 6.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MSAFE Equipments stock overvalued right now?
MSAFE Equipments (BOM:544695) has a current Interest Coverage of 10.15. The current Interest Coverage is 10.15, which is 56% above median its 10-year median of 6.50 and 99.9% below the Metals & Mining industry median of 10,000.00. MSAFE Equipments' overall GF Score™ is 21/100 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 MSAFE Equipments (BOM:544695), the current Interest Coverage is 10.15 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.

MSAFE Equipments Business Description

Address A-57, Sector-136, 7th Floor, Noida, UP, IND, 201301
MSAFE Equipments Ltd is engaged in the business of manufacturing, sales and rental of access and height-safety equipments, used to facilitate safe working at heights. Its product portfolio includes aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders and fibre reinforced plastic ladders, which are designed to meet varied operational and safety requirements across construction, maintenance, installation, repair and infrastructure development activities. The company offers various types of aluminium scaffoldings such as stairway, narrow-width, extra reach, podium, cantilever, and bridge sections.
21GF Score

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

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