BSE (NSE:BSE) Interest Coverage: No Debt (1) (As of Jun. 2026) — 98% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:BSE BSE Ltd NSE:BSE
89 GF Score
Price ₹3,447.00
GF Value ₹4,217.99
Valuation Modestly Undervalued
View Full Analysis

What is BSE Interest Coverage?

BSE NSE:BSE -1.59% 89 Interest Coverage is No Debt (1) as of Jun. 2026, which is 100% below its 10-year median of 42.67. GuruFocus rates NSE:BSE with a GF Score™ of 89/100 and a GF Value™ of ₹4,217.99 (Modestly Undervalued). Among 434 Capital Markets companies, BSE ranks worse than 230414.52% 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. BSE's Operating Income for the three months ended in Jun. 2026 was ₹10,034 Mil. BSE's Interest Expense for the three months ended in Jun. 2026 was ₹0 Mil. BSE has no debt. 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. BSE Ltd has enough cash to cover all of its debt. Its financial situation is stable.

(1) 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.

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


NSE:BSE's Interest Coverage is not ranked *
in the Capital Markets industry.
Industry Median: 21.08
* Ranked among companies with meaningful Interest Coverage only.

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


BSE  (NSE:BSE) 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 .


BSE Interest Coverage Related Terms


BSE Interest Coverage Historical Data

* Premium members only.

The historical data trend for BSE'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.

BSE Interest Coverage Chart

BSE 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 7.75 5.41 21.74 47,207.00 18,463.00

BSE Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 No Debt N/A No Debt N/A No Debt

NSE:BSE vs SPGI, CME, ICE: Interest Coverage Comparison

For the Financial Data & Stock Exchanges subindustry, BSE'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.


BSE Interest Coverage vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BSE's Interest Coverage distribution charts can be found below:

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


NSE:BSE
89GF Score
BSE Ltd NSE:BSE
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BSE 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.

BSE'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, BSE's Interest Expense was ₹-2 Mil. Its Operating Income was ₹29,541 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*29540.8/-1.6
=18,463.00

BSE's Interest Coverage for the quarter that ended in Jun. 2026 is calculated as

Here, for the three months ended in Jun. 2026, BSE's Interest Expense was ₹0 Mil. Its Operating Income was ₹10,034 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0 Mil.

BSE had no debt (1).

* 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 No Debt <sup>(1)</sup> mean?
BSE (NSE:BSE) has a Interest Coverage of No Debt (1) as of Jun. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on BSE and its competitors. This is 98% below median its historical median of 42.67. Over the past decade, BSE's Interest Coverage has ranged from 5.41 to 47,207.00. According to the industry distribution chart, BSE ranks #999999 out of 434 companies in the Capital Markets industry.
Is BSE's Interest Coverage too high?
BSE's current Interest Coverage of No Debt (1) is 98% below median its 10-year median of 42.67. Over the past 10 years, this metric has ranged from a low of 5.41 to a high of 47,207.00. Based on the distribution chart, BSE ranks #999999 out of 434 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, BSE has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BSE's Interest Coverage compare to SPGI and CME?
According to the Capital Markets industry distribution chart, BSE ranks #999999 out of 434 companies for Interest Coverage. This places BSE in the lower half of its industry. The industry median Interest Coverage is 21.08. Historically, BSE's own Interest Coverage has ranged from 5.41 to 47,207.00 over the past decade. 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 Capital Markets company?
The median Interest Coverage among Capital Markets companies is 21.08, based on 434 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. 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 BSE and its competitors. For the Capital Markets industry, the median Interest Coverage is 21.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BSE's current Interest Coverage is No Debt (1), which is 98% below median its own 10-year median of 42.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BSE stock overvalued right now?
Based on GuruFocus' analysis, BSE (NSE:BSE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹4,217.99, compared to a current price of ₹3,447.00 — trading 18.3% below its estimated fair value. The current Interest Coverage is No Debt (1), which is 98% below median its 10-year median of 42.67. BSE's overall GF Score™ is 89/100. 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 BSE (NSE:BSE), the current Interest Coverage is No Debt (1) as of Jun. 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 BSE (NSE:BSE) Overvalued in 2026?

Based on GuruFocus' analysis, BSE stock appears to be undervalued. The current stock price of ₹3,447.00 is trading 18.3% below its estimated GF Value™ of ₹4,217.99. GuruFocus considers BSE to be Modestly Undervalued.

Key valuation signals for NSE:BSE:

  • Interest Coverage: No Debt (1) (98% below median its 10-year median of 42.67)
  • GF Value™: ₹4,217.99 vs. price of ₹3,447.00 (18.3% below fair value)
  • GF Score™: 89/100

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


BSE Business Description

Address Dalal Street, 25th Floor, Phiroze Jeejeebhoy Towers, Mumbai, MH, IND, 400001
BSE Ltd operates as a stock exchange and is one of the exchange groups in India. The company operates through one segment namely Stock Exchange Operations i.e. Facilitating Trading in Securities and other related ancillary Services, while generating a majority of its revenues through stock exchange activities. It predominantly provides a trading platform for over 5000 companies that are listed on its exchange. The exchange offers various services such as trading in equity, debt instruments, derivatives, and mutual funds. BSE also offers its customers other services such as risk management, market data services, and educational programs. Geographically, the company generates a majority of its revenue from its customers within India.
89GF Score

Get the complete analysis for NSE:BSE

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

₹3,447.00
Price
₹4,217.99
GF Value