Harikanta Overseas (BOM:544769) Interest Coverage: 31.61 (As of Mar. 2025) — 154% Above Median

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BOM:544769 Harikanta Overseas Ltd BOM:544769
18 GF Score
Price ₹81.48
! 2 Warning Signs
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What is Harikanta Overseas Interest Coverage?

Harikanta Overseas BOM:544769 +9.38% 18 Interest Coverage is 31.61 as of Mar. 2025, which is 154% above its 10-year median of 12.44. GuruFocus rates BOM:544769 with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 737 Manufacturing - Apparel & Accessories companies, Harikanta Overseas ranks better than 80.19% 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. Harikanta Overseas's Operating Income for the six months ended in Mar. 2025 was ₹60.7 Mil. Harikanta Overseas's Interest Expense for the six months ended in Mar. 2025 was ₹-1.9 Mil. Harikanta Overseas's interest coverage for the quarter that ended in Mar. 2025 was 31.61. The higher the ratio, the stronger the company's financial strength is.

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

BOM:544769' s Interest Coverage Range Over the Past 10 Years
Min: 3.07   Med: 12.44   Max: 31.61
Current: 31.61


BOM:544769's Interest Coverage is ranked better than
80.19% of 737 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.28 vs BOM:544769: 31.61

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


Harikanta Overseas  (BOM:544769) 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 .


Harikanta Overseas Interest Coverage Related Terms


Harikanta Overseas Interest Coverage Historical Data

* Premium members only.

The historical data trend for Harikanta Overseas'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.

Harikanta Overseas Interest Coverage Chart

Harikanta Overseas Annual Data
Trend Mar23 Mar24 Mar25
Interest Coverage
3.07 12.44 31.61

Harikanta Overseas Semi-Annual Data
Mar23 Mar24 Mar25
Interest Coverage 3.07 12.44 31.61

Harikanta Overseas Interest Coverage Competitor Comparison

For the Textile Manufacturing subindustry, Harikanta Overseas'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.


Harikanta Overseas Interest Coverage vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Harikanta Overseas's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Harikanta Overseas's Interest Coverage falls into.


BOM:544769
18GF Score
Harikanta Overseas Ltd BOM:544769
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Harikanta Overseas 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.

Harikanta Overseas's Interest Coverage for the fiscal year that ended in Mar. 2025 is calculated as

Here, for the fiscal year that ended in Mar. 2025, Harikanta Overseas's Interest Expense was ₹-1.9 Mil. Its Operating Income was ₹60.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹25.7 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2025 )/Interest Expense (A: Mar. 2025 )
=-1*60.695/-1.92
=31.61

Harikanta Overseas's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the six months ended in Mar. 2025, Harikanta Overseas's Interest Expense was ₹-1.9 Mil. Its Operating Income was ₹60.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹25.7 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*60.695/-1.92
=31.61

* 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 31.61 mean?
Harikanta Overseas (BOM:544769) has a Interest Coverage of 31.61 as of Mar. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Harikanta Overseas and its competitors. This is 154% above median its historical median of 12.44. Over the past decade, Harikanta Overseas' Interest Coverage has ranged from 3.07 to 31.61. According to the industry distribution chart, Harikanta Overseas ranks #146 out of 737 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 19.8%.
Is Harikanta Overseas' Interest Coverage too high?
Harikanta Overseas' current Interest Coverage of 31.61 is 154% above median its 10-year median of 12.44. Over the past 10 years, this metric has ranged from a low of 3.07 to a high of 31.61. The Manufacturing - Apparel & Accessories industry median Interest Coverage is 5.28. Harikanta Overseas' value of 31.61 is 498.7% above this industry median. Based on the distribution chart, Harikanta Overseas ranks #146 out of 737 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Harikanta Overseas has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Harikanta Overseas' Interest Coverage compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Harikanta Overseas ranks #146 out of 737 companies for Interest Coverage. This places Harikanta Overseas in the top 20% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 5.28. Harikanta Overseas' value of 31.61 is 498.7% above this benchmark. Historically, Harikanta Overseas' own Interest Coverage has ranged from 3.07 to 31.61 over the past decade. While the company's 10-year median is 12.44 vs. the industry median of 5.28, Harikanta Overseas 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 Manufacturing - Apparel & Accessories company?
The median Interest Coverage among Manufacturing - Apparel & Accessories companies is 5.28, based on 737 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. Harikanta Overseas's current Interest Coverage of 31.61 is 498.7% 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 Harikanta Overseas and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Interest Coverage is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harikanta Overseas's current Interest Coverage is 31.61, which is 154% above median its own 10-year median of 12.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harikanta Overseas stock overvalued right now?
Harikanta Overseas (BOM:544769) has a current Interest Coverage of 31.61. The current Interest Coverage is 31.61, which is 154% above median its 10-year median of 12.44 and 498.7% above the Manufacturing - Apparel & Accessories industry median of 5.28. Harikanta Overseas' overall GF Score™ is 18/100 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 Harikanta Overseas (BOM:544769), the current Interest Coverage is 31.61 as of Mar. 2025. 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.

Harikanta Overseas Business Description

Address 28, Sairam Ind Estate Bamroli, Surat, GJ, IND, 394107
Harikanta Overseas Ltd is engaged in the manufacturing of Synthetic textile fabrics. Its product portfolio includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber. The company caters fabric to women's wear, producing fabrics for sarees, dress materials, and kurtas, while also offering fabrics for men's kurtas. It has single reportable segment namely Manufacturing and exporting of textile fabrics. The majority of the company's revenue is derived from the sale of Ikat Fabrics.
18GF Score

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