Ashoka MetcastNSE:ASHOKAMET -1.18%75 Interest Coverage is 6.33 as of Mar. 2026, which is 59% above its 10-year median of 3.98. GuruFocus rates NSE:ASHOKAMET with a GF Score™ of 75/100 and a GF Value™ of ₹16.17 (Fairly Valued). The stock has 4 warning signs investors should review. Among 456 Steel companies, Ashoka Metcast ranks worse than 54.61% 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. Ashoka Metcast's
Operating Income
for the
three
months ended in Mar. 2026 was ₹20.2 Mil. Ashoka Metcast's Interest Expense for the
three
months ended in Mar. 2026 was ₹-3.2 Mil.
Ashoka Metcast's interest coverage for the quarter that ended in Mar. 2026 was 6.33.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Ashoka Metcast's Interest Coverage or its related term are showing as below:
NSE:ASHOKAMET'
s Interest Coverage Range Over the Past 10 Years
Min: 1.31 Med: 3.98 Max: 148
Current: 3.98
NSE:ASHOKAMET's Interest Coverage is ranked worse than 54.61% of 456
companies
in the Steel industry
Industry Median: 4.445
vs NSE:ASHOKAMET: 3.98
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 .
Ashoka Metcast Interest Coverage Related Terms
Ashoka Metcast Interest Coverage Historical Data
* Premium members only.
The historical data trend for Ashoka Metcast'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:ASHOKAMET vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, Ashoka Metcast'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.
Ashoka Metcast Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, Ashoka Metcast's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Ashoka Metcast'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.
Ashoka Metcast (NSE:ASHOKAMET) has a Interest Coverage of 6.33 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ashoka Metcast and its competitors. This is 59% above median its historical median of 3.98. Over the past decade, Ashoka Metcast's Interest Coverage has ranged from 1.31 to 148.00. According to the industry distribution chart, Ashoka Metcast ranks #249 out of 456 companies in the Steel industry, placing it in the top 54.6%.
Is Ashoka Metcast's Interest Coverage too high?
Ashoka Metcast's current Interest Coverage of 6.33 is 59% above median its 10-year median of 3.98. Over the past 10 years, this metric has ranged from a low of 1.31 to a high of 148.00. The Steel industry median Interest Coverage is 4.45. Ashoka Metcast's value of 6.33 is 42.4% above this industry median. Based on the distribution chart, Ashoka Metcast ranks #249 out of 456 companies in the Steel industry, which is below the industry midpoint. Overall, Ashoka Metcast has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ashoka Metcast's Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, Ashoka Metcast ranks #249 out of 456 companies for Interest Coverage. This places Ashoka Metcast in the lower half of its industry. The industry median Interest Coverage is 4.45. Ashoka Metcast's value of 6.33 is 42.4% above this benchmark. Historically, Ashoka Metcast's own Interest Coverage has ranged from 1.31 to 148.00 over the past decade. While the company's 10-year median is 3.98 vs. the industry median of 4.45, Ashoka Metcast 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 Steel company?
The median Interest Coverage among Steel companies is 4.45, based on 456 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. Ashoka Metcast's current Interest Coverage of 6.33 is 42.4% 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 Ashoka Metcast and its competitors. For the Steel industry, the median Interest Coverage is 4.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashoka Metcast's current Interest Coverage is 6.33, which is 59% above median its own 10-year median of 3.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashoka Metcast stock overvalued right now?
Based on GuruFocus' analysis, Ashoka Metcast (NSE:ASHOKAMET) is currently considered Fairly Valued. The stock's GF Value™ is ₹16.17, compared to a current price of ₹15.05 — trading 6.9% below its estimated fair value. The current Interest Coverage is 6.33, which is 59% above median its 10-year median of 3.98 and 42.4% above the Steel industry median of 4.45. Ashoka Metcast's overall GF Score™ is 75/100 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 Ashoka Metcast (NSE:ASHOKAMET), the current Interest Coverage is 6.33 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 Ashoka Metcast (NSE:ASHOKAMET) Overvalued in 2026?
Based on GuruFocus' analysis, Ashoka Metcast stock appears to be undervalued.
The current stock price of ₹15.05 is trading 6.9% below its estimated GF Value™ of ₹16.17.
GuruFocus considers Ashoka Metcast to be Fairly Valued.
Key valuation signals for NSE:ASHOKAMET:
Interest Coverage: 6.33 (59% above median its 10-year median of 3.98)
GF Value™: ₹16.17 vs. price of ₹15.05 (6.9% below fair value)
Industry Position: 42.4% above the Steel median (#249 of 456)
No single metric tells the full story. See the NSE:ASHOKAMET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashoka Metcast Ltd is currently engaged in the trading of structural steel and goods. The company has two segments namely Steel Trading and Trading of Goods. The company products are Thermo-Mechanically Treated bars, Angle bars, Mild steel bars, and Steel channels.
75GF Score
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