Apcotex Industries (NSE:APCOTEXIND) Interest Coverage: 16.99 (As of Mar. 2026) — Near Median


NSE:APCOTEXIND Apcotex Industries Ltd NSE:APCOTEXIND
87 GF Score
Price ₹507.90
GF Value ₹521.67
Valuation Fairly Valued
! 6 Warning Signs
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What is Apcotex Industries Interest Coverage?

Apcotex Industries NSE:APCOTEXIND +2.31% 87 Interest Coverage is 16.99 as of Mar. 2026, which is 8% below its 10-year median of 18.42. GuruFocus rates NSE:APCOTEXIND with a GF Score™ of 87/100 and a GF Value™ of ₹521.67 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,234 Chemicals companies, Apcotex Industries ranks better than 51.7% 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. Apcotex Industries's Operating Income for the three months ended in Mar. 2026 was ₹407 Mil. Apcotex Industries's Interest Expense for the three months ended in Mar. 2026 was ₹-24 Mil. Apcotex Industries's interest coverage for the quarter that ended in Mar. 2026 was 16.99. The higher the ratio, the stronger the company's financial strength is.

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

NSE:APCOTEXIND' s Interest Coverage Range Over the Past 10 Years
Min: 5.13   Med: 18.42   Max: 44.23
Current: 11.41


NSE:APCOTEXIND's Interest Coverage is ranked better than
51.7% of 1234 companies
in the Chemicals industry
Industry Median: 10.18 vs NSE:APCOTEXIND: 11.41

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


Apcotex Industries  (NSE:APCOTEXIND) 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 .


Apcotex Industries Interest Coverage Related Terms


Apcotex Industries Interest Coverage Historical Data

* Premium members only.

The historical data trend for Apcotex 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.

Apcotex Industries Interest Coverage Chart

Apcotex Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44.23 31.68 5.57 5.13 13.63

Apcotex Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.37 7.49 9.65 14.19 16.99

NSE:APCOTEXIND vs LIN, SHW, ECL: Interest Coverage Comparison

For the Specialty Chemicals subindustry, Apcotex 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.


Apcotex Industries Interest Coverage vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Apcotex Industries's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Apcotex Industries's Interest Coverage falls into.


NSE:APCOTEXIND
87GF Score
Apcotex Industries Ltd NSE:APCOTEXIND
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Apcotex Industries 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.

Apcotex Industries'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, Apcotex Industries's Interest Expense was ₹-98 Mil. Its Operating Income was ₹1,339 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹338 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*1338.896/-98.246
=13.63

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

Here, for the three months ended in Mar. 2026, Apcotex Industries's Interest Expense was ₹-24 Mil. Its Operating Income was ₹407 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹338 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*406.591/-23.932
=16.99

* 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 16.99 mean?
Apcotex Industries (NSE:APCOTEXIND) has a Interest Coverage of 16.99 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Apcotex Industries and its competitors. This is near median its historical median of 18.42. Over the past decade, Apcotex Industries' Interest Coverage has ranged from 5.13 to 44.23. According to the industry distribution chart, Apcotex Industries ranks #596 out of 1234 companies in the Chemicals industry, placing it in the top 48.3%.
Is Apcotex Industries' Interest Coverage too high?
Apcotex Industries' current Interest Coverage of 16.99 is near median its 10-year median of 18.42. Over the past 10 years, this metric has ranged from a low of 5.13 to a high of 44.23. The Chemicals industry median Interest Coverage is 10.18. Apcotex Industries' value of 16.99 is 66.9% above this industry median. Based on the distribution chart, Apcotex Industries ranks #596 out of 1234 companies in the Chemicals industry, which is above the industry midpoint. Overall, Apcotex Industries has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Apcotex Industries' Interest Coverage compare to LIN and SHW?
According to the Chemicals industry distribution chart, Apcotex Industries ranks #596 out of 1234 companies for Interest Coverage. This puts Apcotex Industries in the upper half of its industry. The industry median Interest Coverage is 10.18. Apcotex Industries' value of 16.99 is 66.9% above this benchmark. Historically, Apcotex Industries' own Interest Coverage has ranged from 5.13 to 44.23 over the past decade. While the company's 10-year median is 18.42 vs. the industry median of 10.18, Apcotex Industries 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 Chemicals company?
The median Interest Coverage among Chemicals companies is 10.18, based on 1,234 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. Apcotex Industries's current Interest Coverage of 16.99 is 66.9% 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 Apcotex Industries and its competitors. For the Chemicals industry, the median Interest Coverage is 10.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apcotex Industries's current Interest Coverage is 16.99, which is near median its own 10-year median of 18.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apcotex Industries stock overvalued right now?
Based on GuruFocus' analysis, Apcotex Industries (NSE:APCOTEXIND) is currently considered Fairly Valued. The stock's GF Value™ is ₹521.67, compared to a current price of ₹507.90 — trading 2.6% below its estimated fair value. The current Interest Coverage is 16.99, which is near median its 10-year median of 18.42 and 66.9% above the Chemicals industry median of 10.18. Apcotex Industries' overall GF Score™ is 87/100 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 Apcotex Industries (NSE:APCOTEXIND), the current Interest Coverage is 16.99 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 Apcotex Industries (NSE:APCOTEXIND) Overvalued in 2026?

Based on GuruFocus' analysis, Apcotex Industries stock appears to be undervalued. The current stock price of ₹507.90 is trading 2.6% below its estimated GF Value™ of ₹521.67. GuruFocus considers Apcotex Industries to be Fairly Valued.

Key valuation signals for NSE:APCOTEXIND:

  • Interest Coverage: 16.99 (near median its 10-year median of 18.42)
  • GF Value™: ₹521.67 vs. price of ₹507.90 (2.6% below fair value)
  • GF Score™: 87/100 with 6 warning signs
  • Industry Position: 66.9% above the Chemicals median (#596 of 1234)

No single metric tells the full story. See the NSE:APCOTEXIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Apcotex Industries Business Description

Other Exchanges 523694:India
Address B. M. Chinai Marg, NKM International House, 178, Backbay Reclamation, Mumbai, MH, IND, 400020
Apcotex Industries Ltd is an India-based company engaged in producing emulsion polymers. It operates in a single primary business segment, i.e. Synthetic Lattices & Rubber. The various grades of Synthetic Rubber find application in products such as Automotive Components, Hoses, Gaskets, Rice De-husking Rollers, Printing and Industrial Rollers, Friction Materials, Belting, and Footwear. Latexes are used for Paper/Paper Board Coating, Carpet Backing, Tyre Cord Dipping, Construction, and others. Its market coverage includes sales in India and Overseas Countries. The company derives the majority of its revenue from Indian markets.
87GF Score

Get the complete analysis for NSE:APCOTEXIND

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

₹507.90
Price
₹521.67
GF Value