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Ajax EngineeringNSE:AJAXENGG +10.00%32 Interest Coverage is 2,399.55 as of Mar. 2026, which is 898% above its 10-year median of 240.42. GuruFocus rates NSE:AJAXENGG with a GF Score™ of 32/100. The stock has 1 warning sign investors should review. Among 169 Farm & Heavy Construction Machinery companies, Ajax Engineering ranks better than 96.45% 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. Ajax Engineering's
Operating Income
for the
three
months ended in Mar. 2026 was ₹1,128 Mil. Ajax Engineering's Interest Expense for the
three
months ended in Mar. 2026 was ₹-0 Mil.
Ajax Engineering's interest coverage for the quarter that ended in Mar. 2026 was 2,399.55.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Ajax Engineering Ltd has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Ajax Engineering's Interest Coverage or its related term are showing as below:
NSE:AJAXENGG'
s Interest Coverage Range Over the Past 10 Years
Min: 131.25 Med: 240.42 Max: 925.48
Current: 925.48
NSE:AJAXENGG's Interest Coverage is ranked better than 96.45% of 169
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 9.4
vs NSE:AJAXENGG: 925.48
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 .
Ajax Engineering Interest Coverage Related Terms
Ajax Engineering Interest Coverage Historical Data
* Premium members only.
The historical data trend for Ajax Engineering'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.
NSE:AJAXENGG vs CAT, DE, PCAR: Interest Coverage Comparison
For the Farm & Heavy Construction Machinery subindustry, Ajax Engineering'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.
Ajax Engineering Interest Coverage vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Ajax Engineering's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Ajax Engineering's Interest Coverage falls into.
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:
* 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.
Ajax Engineering (NSE:AJAXENGG) has a Interest Coverage of 2,399.55 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ajax Engineering and its competitors. This is 898% above median its historical median of 240.42. Over the past decade, Ajax Engineering's Interest Coverage has ranged from 131.25 to 925.48. According to the industry distribution chart, Ajax Engineering ranks #6 out of 169 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 3.6%.
Is Ajax Engineering's Interest Coverage too high?
Ajax Engineering's current Interest Coverage of 2,399.55 is 898% above median its 10-year median of 240.42. Over the past 10 years, this metric has ranged from a low of 131.25 to a high of 925.48. The Farm & Heavy Construction Machinery industry median Interest Coverage is 9.40. Ajax Engineering's value of 2,399.55 is 25427.1% above this industry median. Based on the distribution chart, Ajax Engineering ranks #6 out of 169 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Ajax Engineering has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Ajax Engineering's Interest Coverage compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Ajax Engineering ranks #6 out of 169 companies for Interest Coverage. This places Ajax Engineering in the top 4% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 9.40. Ajax Engineering's value of 2,399.55 is 25427.1% above this benchmark. Historically, Ajax Engineering's own Interest Coverage has ranged from 131.25 to 925.48 over the past decade. While the company's 10-year median is 240.42 vs. the industry median of 9.40, Ajax Engineering 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 Farm & Heavy Construction Machinery company?
The median Interest Coverage among Farm & Heavy Construction Machinery companies is 9.40, based on 169 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. Ajax Engineering's current Interest Coverage of 2,399.55 is 25427.1% 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 Ajax Engineering and its competitors. For the Farm & Heavy Construction Machinery industry, the median Interest Coverage is 9.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ajax Engineering's current Interest Coverage is 2,399.55, which is 898% above median its own 10-year median of 240.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ajax Engineering stock overvalued right now?
Ajax Engineering (NSE:AJAXENGG) has a current Interest Coverage of 2,399.55. The current Interest Coverage is 2,399.55, which is 898% above median its 10-year median of 240.42 and 25427.1% above the Farm & Heavy Construction Machinery industry median of 9.40. Ajax Engineering's overall GF Score™ is 32/100 with 1 warning sign 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 Ajax Engineering (NSE:AJAXENGG), the current Interest Coverage is 2,399.55 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.
Ajax Engineering Ltd concrete equipment manufacturer with a comprehensive range of concrete equipment, services and solutions across the concrete application value chain.
32GF Score
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