Banswara Syntex (NSE:BANSWRAS) Interest Coverage: 2.85 (As of Mar. 2026) — 75% Above Median


NSE:BANSWRAS Banswara Syntex Ltd NSE:BANSWRAS
71 GF Score
Price ₹131.67
GF Value ₹147.81
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Banswara Syntex Interest Coverage?

Banswara Syntex NSE:BANSWRAS -1.80% 71 Interest Coverage is 2.85 as of Mar. 2026, which is 75% above its 10-year median of 1.63. GuruFocus rates NSE:BANSWRAS with a GF Score™ of 71/100 and a GF Value™ of ₹147.81 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 739 Manufacturing - Apparel & Accessories companies, Banswara Syntex ranks worse than 75.51% 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. Banswara Syntex's Operating Income for the three months ended in Mar. 2026 was ₹299 Mil. Banswara Syntex's Interest Expense for the three months ended in Mar. 2026 was ₹-105 Mil. Banswara Syntex's interest coverage for the quarter that ended in Mar. 2026 was 2.85. The higher the ratio, the stronger the company's financial strength is.

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

NSE:BANSWRAS' s Interest Coverage Range Over the Past 10 Years
Min: 1.18   Med: 1.63   Max: 6.14
Current: 1.84


NSE:BANSWRAS's Interest Coverage is ranked worse than
75.51% of 739 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.43 vs NSE:BANSWRAS: 1.84

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


Banswara Syntex  (NSE:BANSWRAS) 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 .


Banswara Syntex Interest Coverage Related Terms


Banswara Syntex Interest Coverage Historical Data

* Premium members only.

The historical data trend for Banswara Syntex'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.

Banswara Syntex Interest Coverage Chart

Banswara Syntex 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 4.15 6.14 2.55 1.34 1.77

Banswara Syntex 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 1.14 0.43 1.84 2.27 2.85

Banswara Syntex Interest Coverage Competitor Comparison

For the Textile Manufacturing subindustry, Banswara Syntex'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.


Banswara Syntex Interest Coverage vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Banswara Syntex's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Banswara Syntex's Interest Coverage falls into.


NSE:BANSWRAS
71GF Score
Banswara Syntex Ltd NSE:BANSWRAS
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Banswara Syntex 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.

Banswara Syntex'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, Banswara Syntex's Interest Expense was ₹-426 Mil. Its Operating Income was ₹754 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1,943 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*753.737/-425.538
=1.77

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

Here, for the three months ended in Mar. 2026, Banswara Syntex's Interest Expense was ₹-105 Mil. Its Operating Income was ₹299 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1,943 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*298.761/-105.002
=2.85

* 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 2.85 mean?
Banswara Syntex (NSE:BANSWRAS) has a Interest Coverage of 2.85 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Banswara Syntex and its competitors. This is 75% above median its historical median of 1.63. Over the past decade, Banswara Syntex's Interest Coverage has ranged from 1.18 to 6.14. According to the industry distribution chart, Banswara Syntex ranks #558 out of 739 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 75.5%.
Is Banswara Syntex's Interest Coverage too high?
Banswara Syntex's current Interest Coverage of 2.85 is 75% above median its 10-year median of 1.63. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 6.14. The Manufacturing - Apparel & Accessories industry median Interest Coverage is 5.43. Banswara Syntex's value of 2.85 is 47.5% below this industry median. Based on the distribution chart, Banswara Syntex ranks #558 out of 739 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Banswara Syntex has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Banswara Syntex's Interest Coverage compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Banswara Syntex ranks #558 out of 739 companies for Interest Coverage. This places Banswara Syntex in the lower half of its industry. The industry median Interest Coverage is 5.43. Banswara Syntex's value of 2.85 is 47.5% below this benchmark. Historically, Banswara Syntex's own Interest Coverage has ranged from 1.18 to 6.14 over the past decade. While the company's 10-year median is 1.63 vs. the industry median of 5.43, Banswara Syntex 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 a Manufacturing - Apparel & Accessories company?
The median Interest Coverage among Manufacturing - Apparel & Accessories companies is 5.43, based on 739 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. Banswara Syntex's current Interest Coverage of 2.85 is 47.5% 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 Banswara Syntex and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Interest Coverage is 5.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banswara Syntex's current Interest Coverage is 2.85, which is 75% above median its own 10-year median of 1.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banswara Syntex stock overvalued right now?
Based on GuruFocus' analysis, Banswara Syntex (NSE:BANSWRAS) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹147.81, compared to a current price of ₹131.67 — trading 10.9% below its estimated fair value. The current Interest Coverage is 2.85, which is 75% above median its 10-year median of 1.63 and 47.5% below the Manufacturing - Apparel & Accessories industry median of 5.43. Banswara Syntex's overall GF Score™ is 71/100 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 Banswara Syntex (NSE:BANSWRAS), the current Interest Coverage is 2.85 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 Banswara Syntex (NSE:BANSWRAS) Overvalued in 2026?

Based on GuruFocus' analysis, Banswara Syntex stock appears to be undervalued. The current stock price of ₹131.67 is trading 10.9% below its estimated GF Value™ of ₹147.81. GuruFocus considers Banswara Syntex to be Modestly Undervalued.

Key valuation signals for NSE:BANSWRAS:

  • Interest Coverage: 2.85 (75% above median its 10-year median of 1.63)
  • GF Value™: ₹147.81 vs. price of ₹131.67 (10.9% below fair value)
  • GF Score™: 71/100 with 6 warning signs
  • Industry Position: 47.5% below the Manufacturing - Apparel & Accessories median (#558 of 739)

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


Banswara Syntex Business Description

Other Exchanges 503722:India
Address 199, Princess Street, 4th/5th Floor, Gopal Bhawan, Mumbai, MH, IND, 400002
Banswara Syntex Ltd operates in the textile industry. The company's core business is the manufacturing and marketing of spun synthetic blended yarn, wool and wool mix yarn, spun synthetic and worsted fabrics, and cotton & linen fabrics, besides readymade garments. It also produces shirting and technical fabrics. The brands of the company include Uniqlo, Calvin Klein, Marks and Spencer, Next, and others.
71GF Score

Get the complete analysis for NSE:BANSWRAS

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

₹131.67
Price
₹147.81
GF Value