Bajel ProjectsNSE:BAJEL -1.16%11 Interest Coverage is 1.82 as of Mar. 2026, which is 109% above its 10-year median of 0.87. GuruFocus rates NSE:BAJEL with a GF Score™ of 11/100. The stock has 2 warning signs investors should review. Among 447 Utilities - Regulated companies, Bajel Projects ranks worse than 92.39% 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. Bajel Projects's
Operating Income
for the
three
months ended in Mar. 2026 was ₹261 Mil. Bajel Projects's Interest Expense for the
three
months ended in Mar. 2026 was ₹-143 Mil.
Bajel Projects's interest coverage for the quarter that ended in Mar. 2026 was 1.82.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Bajel Projects's Interest Coverage or its related term are showing as below:
NSE:BAJEL'
s Interest Coverage Range Over the Past 10 Years
Min: 0.84 Med: 0.87 Max: 1.23
Current: 1.23
NSE:BAJEL's Interest Coverage is ranked worse than 92.39% of 447
companies
in the Utilities - Regulated industry
Industry Median: 3.78
vs NSE:BAJEL: 1.23
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 .
Bajel Projects Interest Coverage Related Terms
Bajel Projects Interest Coverage Historical Data
* Premium members only.
The historical data trend for Bajel Projects'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:BAJEL vs NEE, SO, DUK: Interest Coverage Comparison
For the Utilities - Regulated Electric subindustry, Bajel Projects'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.
Bajel Projects Interest Coverage vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Bajel Projects's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Bajel Projects'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.
Bajel Projects (NSE:BAJEL) has a Interest Coverage of 1.82 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Bajel Projects and its competitors. This is 109% above median its historical median of 0.87. Over the past decade, Bajel Projects' Interest Coverage has ranged from 0.84 to 1.23. According to the industry distribution chart, Bajel Projects ranks #413 out of 447 companies in the Utilities - Regulated industry, placing it in the top 92.4%.
Is Bajel Projects' Interest Coverage too high?
Bajel Projects' current Interest Coverage of 1.82 is 109% above median its 10-year median of 0.87. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 1.23. The Utilities - Regulated industry median Interest Coverage is 3.78. Bajel Projects' value of 1.82 is 51.9% below this industry median. Based on the distribution chart, Bajel Projects ranks #413 out of 447 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Bajel Projects has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Bajel Projects' Interest Coverage compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Bajel Projects ranks #413 out of 447 companies for Interest Coverage. This places Bajel Projects in the lower half of its industry. The industry median Interest Coverage is 3.78. Bajel Projects' value of 1.82 is 51.9% below this benchmark. Historically, Bajel Projects' own Interest Coverage has ranged from 0.84 to 1.23 over the past decade. While the company's 10-year median is 0.87 vs. the industry median of 3.78, Bajel Projects 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 Utilities - Regulated company?
The median Interest Coverage among Utilities - Regulated companies is 3.78, based on 447 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. Bajel Projects's current Interest Coverage of 1.82 is 51.9% 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 Bajel Projects and its competitors. For the Utilities - Regulated industry, the median Interest Coverage is 3.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bajel Projects's current Interest Coverage is 1.82, which is 109% above median its own 10-year median of 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bajel Projects stock overvalued right now?
Bajel Projects (NSE:BAJEL) has a current Interest Coverage of 1.82. The current Interest Coverage is 1.82, which is 109% above median its 10-year median of 0.87 and 51.9% below the Utilities - Regulated industry median of 3.78. Bajel Projects' overall GF Score™ is 11/100 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 Bajel Projects (NSE:BAJEL), the current Interest Coverage is 1.82 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.
Bajel Projects Ltd is a Superior company in the business of four main segments, which are Power Transmission, Power Distribution, Monopoles and International Business. It is known for its project management skills and driving operations excellence, making it a preferred partner for several states, international governments, and private infrastructural projects. The company also provides services for the manufacturing & installation of Monopoles, Lattice Structures, Lighting Poles & Masts and Galvanizing services.
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