Asian PaintsNSE:ASIANPAINT -0.80%99 Interest Coverage is 24.99 as of Mar. 2026, which is 30% below its 10-year median of 35.54. GuruFocus rates NSE:ASIANPAINT with a GF Score™ of 99/100 and a GF Value™ of ₹2,959.76 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,234 Chemicals companies, Asian Paints ranks better than 68.15% 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. Asian Paints's
Operating Income
for the
three
months ended in Mar. 2026 was ₹14,766 Mil. Asian Paints's Interest Expense for the
three
months ended in Mar. 2026 was ₹-591 Mil.
Asian Paints's interest coverage for the quarter that ended in Mar. 2026 was 24.99.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Asian Paints's Interest Coverage or its related term are showing as below:
NSE:ASIANPAINT'
s Interest Coverage Range Over the Past 10 Years
Min: 21.97 Med: 35.54 Max: 95.7
Current: 27.98
NSE:ASIANPAINT's Interest Coverage is ranked better than 68.15% of 1234
companies
in the Chemicals industry
Industry Median: 10.18
vs NSE:ASIANPAINT: 27.98
Asian Paints (NSE:ASIANPAINT) 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 .
Asian Paints Interest Coverage Related Terms
Asian Paints Interest Coverage Historical Data
* Premium members only.
The historical data trend for Asian Paints'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:ASIANPAINT vs LIN, SHW, ECL: Interest Coverage Comparison
For the Specialty Chemicals subindustry, Asian Paints'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.
Asian Paints Interest Coverage vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Asian Paints's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Asian Paints'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.
Asian Paints (NSE:ASIANPAINT) has a Interest Coverage of 24.99 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Asian Paints and its competitors. This is 30% below median its historical median of 35.54. Over the past decade, Asian Paints' Interest Coverage has ranged from 21.97 to 95.70. According to the industry distribution chart, Asian Paints ranks #393 out of 1234 companies in the Chemicals industry, placing it in the top 31.8%.
Is Asian Paints' Interest Coverage too high?
Asian Paints' current Interest Coverage of 24.99 is 30% below median its 10-year median of 35.54. Over the past 10 years, this metric has ranged from a low of 21.97 to a high of 95.70. The Chemicals industry median Interest Coverage is 10.18. Asian Paints' value of 24.99 is 145.5% above this industry median. Based on the distribution chart, Asian Paints ranks #393 out of 1234 companies in the Chemicals industry, which is above the industry midpoint. Overall, Asian Paints has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asian Paints' Interest Coverage compare to LIN and SHW?
According to the Chemicals industry distribution chart, Asian Paints ranks #393 out of 1234 companies for Interest Coverage. This puts Asian Paints in the upper half of its industry. The industry median Interest Coverage is 10.18. Asian Paints' value of 24.99 is 145.5% above this benchmark. Historically, Asian Paints' own Interest Coverage has ranged from 21.97 to 95.70 over the past decade. While the company's 10-year median is 35.54 vs. the industry median of 10.18, Asian Paints 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. Asian Paints's current Interest Coverage of 24.99 is 145.5% 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 Asian Paints 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. Asian Paints's current Interest Coverage is 24.99, which is 30% below median its own 10-year median of 35.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asian Paints stock overvalued right now?
Based on GuruFocus' analysis, Asian Paints (NSE:ASIANPAINT) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,959.76, compared to a current price of ₹2,635.70 — trading 10.9% below its estimated fair value. The current Interest Coverage is 24.99, which is 30% below median its 10-year median of 35.54 and 145.5% above the Chemicals industry median of 10.18. Asian Paints' overall GF Score™ is 99/100 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 Asian Paints (NSE:ASIANPAINT), the current Interest Coverage is 24.99 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 Asian Paints (NSE:ASIANPAINT) Overvalued in 2026?
Based on GuruFocus' analysis, Asian Paints stock appears to be undervalued.
The current stock price of ₹2,635.70 is trading 10.9% below its estimated GF Value™ of ₹2,959.76.
GuruFocus considers Asian Paints to be Modestly Undervalued.
Key valuation signals for NSE:ASIANPAINT:
Interest Coverage: 24.99 (30% below median its 10-year median of 35.54)
GF Value™: ₹2,959.76 vs. price of ₹2,635.70 (10.9% below fair value)
Industry Position: 145.5% above the Chemicals median (#393 of 1234)
No single metric tells the full story. See the NSE:ASIANPAINT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asian Paints Ltd is in the business of colour, decor, design and protection and operates through Decorative, International, Home Decor, and Industrial segments. The Decorative segment offers interior and exterior wall finishes, wood finishes, waterproofing, enamels, adhesives, tools, and undercoats. The Home Decor segment offers modular kitchens and wardrobes, bath fittings and sanitaryware, decorative lightings, uPVC windows and doors, wall coverings, furniture, fabric and furnishings, and rugs. The International segment caters to customers across Asia, the Middle East, Africa and the South Pacific. The Industrial segment provides automotive, general industrial, packaging, marine, industrial protective coatings, and powder coatings. The majority of revenue comes from India.
99GF Score
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