Apar IndustriesNSE:APARINDS -6.14%83 Interest Coverage is 3.31 as of Mar. 2026, which is 27% below its 10-year median of 4.52. GuruFocus rates NSE:APARINDS with a GF Score™ of 83/100 and a GF Value™ of ₹10,277.61 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,325 Industrial Products companies, Apar Industries ranks worse than 78.49% 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. Apar Industries's
Operating Income
for the
three
months ended in Mar. 2026 was ₹4,534 Mil. Apar Industries's Interest Expense for the
three
months ended in Mar. 2026 was ₹-1,368 Mil.
Apar Industries's interest coverage for the quarter that ended in Mar. 2026 was 3.31.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Apar Industries's Interest Coverage or its related term are showing as below:
NSE:APARINDS'
s Interest Coverage Range Over the Past 10 Years
Min: 2.75 Med: 4.52 Max: 8
Current: 3.87
NSE:APARINDS's Interest Coverage is ranked worse than 78.49% of 2325
companies
in the Industrial Products industry
Industry Median: 14.87
vs NSE:APARINDS: 3.87
Apar Industries (NSE:APARINDS) 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 .
Apar Industries Interest Coverage Related Terms
Apar Industries Interest Coverage Historical Data
* Premium members only.
The historical data trend for Apar Industries'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:APARINDS vs VRT, BE: Interest Coverage Comparison
For the Electrical Equipment & Parts subindustry, Apar Industries'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.
Apar Industries Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Apar Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Apar Industries'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.
Apar Industries (NSE:APARINDS) has a Interest Coverage of 3.31 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Apar Industries and its competitors. This is 27% below median its historical median of 4.52. Over the past decade, Apar Industries' Interest Coverage has ranged from 2.75 to 8.00. According to the industry distribution chart, Apar Industries ranks #1825 out of 2325 companies in the Industrial Products industry, placing it in the top 78.5%.
Is Apar Industries' Interest Coverage too high?
Apar Industries' current Interest Coverage of 3.31 is 27% below median its 10-year median of 4.52. Over the past 10 years, this metric has ranged from a low of 2.75 to a high of 8.00. The Industrial Products industry median Interest Coverage is 14.87. Apar Industries' value of 3.31 is 77.7% below this industry median. Based on the distribution chart, Apar Industries ranks #1825 out of 2325 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Apar Industries has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apar Industries' Interest Coverage compare to VRT and BE?
According to the Industrial Products industry distribution chart, Apar Industries ranks #1825 out of 2325 companies for Interest Coverage. This places Apar Industries in the lower half of its industry. The industry median Interest Coverage is 14.87. Apar Industries' value of 3.31 is 77.7% below this benchmark. Historically, Apar Industries' own Interest Coverage has ranged from 2.75 to 8.00 over the past decade. While the company's 10-year median is 4.52 vs. the industry median of 14.87, Apar Industries 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 an Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.87, based on 2,325 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. Apar Industries's current Interest Coverage of 3.31 is 77.7% 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 Apar Industries and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apar Industries's current Interest Coverage is 3.31, which is 27% below median its own 10-year median of 4.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apar Industries stock overvalued right now?
Based on GuruFocus' analysis, Apar Industries (NSE:APARINDS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹10,277.61, compared to a current price of ₹14,174.00 — trading 37.9% above its estimated fair value. The current Interest Coverage is 3.31, which is 27% below median its 10-year median of 4.52 and 77.7% below the Industrial Products industry median of 14.87. Apar Industries' overall GF Score™ is 83/100 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 Apar Industries (NSE:APARINDS), the current Interest Coverage is 3.31 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.
Is Apar Industries (NSE:APARINDS) Overvalued in 2026?
Based on GuruFocus' analysis, Apar Industries stock appears to be overvalued.
The current stock price of ₹14,174.00 is trading 37.9% above its estimated GF Value™ of ₹10,277.61.
GuruFocus considers Apar Industries to be Significantly Overvalued.
Key valuation signals for NSE:APARINDS:
Interest Coverage: 3.31 (27% below median its 10-year median of 4.52)
GF Value™: ₹10,277.61 vs. price of ₹14,174.00 (37.9% above fair value)
Industry Position: 77.7% below the Industrial Products median (#1825 of 2325)
No single metric tells the full story. See the NSE:APARINDS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apar Industries Ltd is engaged in the business of manufacture and sale of conductors. The company's reportable segments include Conductor, Transformer & Specialities Oils and Power/Telecom Cables. It generates maximum revenue from the Conductor segment. Geographically, it derives a majority of its revenue from India. Its product categories include Transformer Oils, White Oils, Petroleum Jelly, Process Oils, Electrical cables, Elastomer and E-beam cables, Light duty cables and wires, Fibre optic cables, Automotive engine oils, Automotive gear oil, Transmission fluid, PICC conductors, Railway overhead conductors, Specialty wires.
83GF Score
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