Accord Transformer & Switchgear (BOM:544710) Interest Coverage: 19.28 (As of Mar. 2026) — 85% Above Median

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BOM:544710 Accord Transformer & Switchgear Ltd BOM:544710
18 GF Score
Price ₹58.21
! 4 Warning Signs
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What is Accord Transformer & Switchgear Interest Coverage?

Accord Transformer & Switchgear BOM:544710 -0.77% 18 Interest Coverage is 19.28 as of Mar. 2026, which is 85% above its 10-year median of 10.42. GuruFocus rates BOM:544710 with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 2,323 Industrial Products companies, Accord Transformer & Switchgear ranks better than 55.83% 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. Accord Transformer & Switchgear's Operating Income for the six months ended in Mar. 2026 was ₹43.6 Mil. Accord Transformer & Switchgear's Interest Expense for the six months ended in Mar. 2026 was ₹-2.3 Mil. Accord Transformer & Switchgear's interest coverage for the quarter that ended in Mar. 2026 was 19.28. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Accord Transformer & Switchgear's Interest Coverage or its related term are showing as below:

BOM:544710' s Interest Coverage Range Over the Past 10 Years
Min: 6.98   Med: 10.42   Max: 19.28
Current: 19.28


BOM:544710's Interest Coverage is ranked better than
55.83% of 2323 companies
in the Industrial Products industry
Industry Median: 14.69 vs BOM:544710: 19.28

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


Accord Transformer & Switchgear  (BOM:544710) 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 .


Accord Transformer & Switchgear Interest Coverage Related Terms


Accord Transformer & Switchgear Interest Coverage Historical Data

* Premium members only.

The historical data trend for Accord Transformer & Switchgear'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.

Accord Transformer & Switchgear Interest Coverage Chart

Accord Transformer & Switchgear Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Interest Coverage
9.35 6.98 12.88 11.48

Accord Transformer & Switchgear Semi-Annual Data
Mar23 Mar24 Mar25 Mar26
Interest Coverage No Debt N/A 32.22 19.28

BOM:544710 vs VRT, BE: Interest Coverage Comparison

For the Electrical Equipment & Parts subindustry, Accord Transformer & Switchgear'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.


Accord Transformer & Switchgear Interest Coverage vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Accord Transformer & Switchgear's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Accord Transformer & Switchgear's Interest Coverage falls into.


BOM:544710
18GF Score
Accord Transformer & Switchgear Ltd BOM:544710
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Accord Transformer & Switchgear 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.

Accord Transformer & Switchgear'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, Accord Transformer & Switchgear's Interest Expense was ₹-5.5 Mil. Its Operating Income was ₹63.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹4.7 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*63.201/-5.504
=11.48

Accord Transformer & Switchgear's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, Accord Transformer & Switchgear's Interest Expense was ₹-2.3 Mil. Its Operating Income was ₹43.6 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹4.7 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*43.603/-2.262
=19.28

* 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 19.28 mean?
Accord Transformer & Switchgear (BOM:544710) has a Interest Coverage of 19.28 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Accord Transformer & Switchgear and its competitors. This is 85% above median its historical median of 10.42. Over the past decade, Accord Transformer & Switchgear's Interest Coverage has ranged from 6.98 to 19.28. According to the industry distribution chart, Accord Transformer & Switchgear ranks #1026 out of 2323 companies in the Industrial Products industry, placing it in the top 44.2%.
Is Accord Transformer & Switchgear's Interest Coverage too high?
Accord Transformer & Switchgear's current Interest Coverage of 19.28 is 85% above median its 10-year median of 10.42. Over the past 10 years, this metric has ranged from a low of 6.98 to a high of 19.28. The Industrial Products industry median Interest Coverage is 14.69. Accord Transformer & Switchgear's value of 19.28 is 31.2% above this industry median. Based on the distribution chart, Accord Transformer & Switchgear ranks #1026 out of 2323 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Accord Transformer & Switchgear has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Accord Transformer & Switchgear's Interest Coverage compare to VRT and BE?
According to the Industrial Products industry distribution chart, Accord Transformer & Switchgear ranks #1026 out of 2323 companies for Interest Coverage. This puts Accord Transformer & Switchgear in the upper half of its industry. The industry median Interest Coverage is 14.69. Accord Transformer & Switchgear's value of 19.28 is 31.2% above this benchmark. Historically, Accord Transformer & Switchgear's own Interest Coverage has ranged from 6.98 to 19.28 over the past decade. While the company's 10-year median is 10.42 vs. the industry median of 14.69, Accord Transformer & Switchgear 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 an Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.69, based on 2,323 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. Accord Transformer & Switchgear's current Interest Coverage of 19.28 is 31.2% 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 Accord Transformer & Switchgear and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Accord Transformer & Switchgear's current Interest Coverage is 19.28, which is 85% above median its own 10-year median of 10.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Accord Transformer & Switchgear stock overvalued right now?
Accord Transformer & Switchgear (BOM:544710) has a current Interest Coverage of 19.28. The current Interest Coverage is 19.28, which is 85% above median its 10-year median of 10.42 and 31.2% above the Industrial Products industry median of 14.69. Accord Transformer & Switchgear's overall GF Score™ is 18/100 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 Accord Transformer & Switchgear (BOM:544710), the current Interest Coverage is 19.28 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.

Accord Transformer & Switchgear Business Description

Address K Block, Sector2, Unit No.724-725-726, IMT Manesar, Gurgaon, HR, IND, 122050
Accord Transformer & Switchgear Ltd is engaged in the design, engineering, manufacturing, and supply of a diversified range of electrical power and distribution transformers and related equipment. It serves various industries, including the power transmission and distribution sector, renewable energy, industrial applications, infrastructure projects, and electric vehicle (EV) charging networks. Its offerings include distribution transformers, Power transformers, Dry-type transformers, Package substations, Special-purpose transformers, Low-voltage (LV) control panels, Vacuum Circuit Breaker (VCB) panels, Busducts, cable trays, and associated switchgear assemblies. The segments of the company are Manufacturing Division, which derives maximum revenue; & Service Activity division.
18GF 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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