Bharat ElectronicsNSE:BEL +1.08%97 Interest Coverage is 1,744.53 as of Mar. 2026, which is 170% above its 10-year median of 646.36. GuruFocus rates NSE:BEL with a GF Score™ of 97/100 and a GF Value™ of ₹395.69 (Fairly Valued). Among 241 Aerospace & Defense companies, Bharat Electronics ranks better than 95.85% 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. Bharat Electronics's
Operating Income
for the
three
months ended in Mar. 2026 was ₹28,087 Mil. Bharat Electronics's Interest Expense for the
three
months ended in Mar. 2026 was ₹-16 Mil.
Bharat Electronics's interest coverage for the quarter that ended in Mar. 2026 was 1,744.53.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Bharat Electronics Ltd has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Bharat Electronics's Interest Coverage or its related term are showing as below:
NSE:BEL'
s Interest Coverage Range Over the Past 10 Years
Min: 136.85 Med: 646.36 Max: 1191.01
Current: 1113.47
NSE:BEL's Interest Coverage is ranked better than 95.85% of 241
companies
in the Aerospace & Defense industry
Industry Median: 8.69
vs NSE:BEL: 1113.47
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 .
Bharat Electronics Interest Coverage Related Terms
Bharat Electronics Interest Coverage Historical Data
* Premium members only.
The historical data trend for Bharat Electronics'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:BEL vs SPCX, GE, RTX: Interest Coverage Comparison
For the Aerospace & Defense subindustry, Bharat Electronics'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.
Bharat Electronics Interest Coverage vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Bharat Electronics's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Bharat Electronics'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.
Bharat Electronics (NSE:BEL) has a Interest Coverage of 1,744.53 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Bharat Electronics and its competitors. This is 170% above median its historical median of 646.36. Over the past decade, Bharat Electronics' Interest Coverage has ranged from 136.85 to 1,191.01. According to the industry distribution chart, Bharat Electronics ranks #10 out of 241 companies in the Aerospace & Defense industry, placing it in the top 4.1%.
Is Bharat Electronics' Interest Coverage too high?
Bharat Electronics' current Interest Coverage of 1,744.53 is 170% above median its 10-year median of 646.36. Over the past 10 years, this metric has ranged from a low of 136.85 to a high of 1,191.01. The Aerospace & Defense industry median Interest Coverage is 8.69. Bharat Electronics' value of 1,744.53 is 19975.1% above this industry median. Based on the distribution chart, Bharat Electronics ranks #10 out of 241 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Bharat Electronics has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bharat Electronics' Interest Coverage compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Bharat Electronics ranks #10 out of 241 companies for Interest Coverage. This places Bharat Electronics in the top 4% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 8.69. Bharat Electronics' value of 1,744.53 is 19975.1% above this benchmark. Historically, Bharat Electronics' own Interest Coverage has ranged from 136.85 to 1,191.01 over the past decade. While the company's 10-year median is 646.36 vs. the industry median of 8.69, Bharat Electronics 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 an Aerospace & Defense company?
The median Interest Coverage among Aerospace & Defense companies is 8.69, based on 241 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. Bharat Electronics's current Interest Coverage of 1,744.53 is 19975.1% 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 Bharat Electronics and its competitors. For the Aerospace & Defense industry, the median Interest Coverage is 8.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Electronics's current Interest Coverage is 1,744.53, which is 170% above median its own 10-year median of 646.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Electronics stock overvalued right now?
Based on GuruFocus' analysis, Bharat Electronics (NSE:BEL) is currently considered Fairly Valued. The stock's GF Value™ is ₹395.69, compared to a current price of ₹416.25 — trading 5.2% above its estimated fair value. The current Interest Coverage is 1,744.53, which is 170% above median its 10-year median of 646.36 and 19975.1% above the Aerospace & Defense industry median of 8.69. Bharat Electronics' overall GF Score™ is 97/100. 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 Bharat Electronics (NSE:BEL), the current Interest Coverage is 1,744.53 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 Bharat Electronics (NSE:BEL) Overvalued in 2026?
Based on GuruFocus' analysis, Bharat Electronics stock appears to be overvalued.
The current stock price of ₹416.25 is trading 5.2% above its estimated GF Value™ of ₹395.69.
GuruFocus considers Bharat Electronics to be Fairly Valued.
Key valuation signals for NSE:BEL:
Interest Coverage: 1,744.53 (170% above median its 10-year median of 646.36)
GF Value™: ₹395.69 vs. price of ₹416.25 (5.2% above fair value)
Industry Position: 19975.1% above the Aerospace & Defense median (#10 of 241)
No single metric tells the full story. See the NSE:BEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bharat Electronics Ltd is an aerospace and defense company predominantly owned by the Indian government. It manufactures a wide range of specialized electronics and equipment for defense and civilian use. Its investments are made in research and development to meet the ever-changing needs of customers and to test products in its pipeline. Its product portfolio includes unmanned systems, land-based radars, batteries, weapon systems, fuzes, simulators, and jammers, among others. It also provides cybersecurity and software products. A majority of the company's revenue is derived from the defense sector. Geographically, the company's key revenue is derived from India, and it also has international customers from countries like the United Kingdom, Israel, and others.
97GF Score
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