Classic Electrodes (India)NSE:CLASSICEIL 15 Interest Coverage is 7.20 as of Mar. 2026, which is 87% above its 10-year median of 3.86. GuruFocus rates NSE:CLASSICEIL with a GF Score™ of 15/100. Among 2,325 Industrial Products companies, Classic Electrodes (India) ranks worse than 72.13% 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. Classic Electrodes (India)'s
Operating Income
for the
six
months ended in Mar. 2026 was ₹96 Mil. Classic Electrodes (India)'s Interest Expense for the
six
months ended in Mar. 2026 was ₹-13 Mil.
Classic Electrodes (India)'s interest coverage for the quarter that ended in Mar. 2026 was 7.20.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Classic Electrodes (India)'s Interest Coverage or its related term are showing as below:
NSE:CLASSICEIL'
s Interest Coverage Range Over the Past 10 Years
Min: 1.62 Med: 3.86 Max: 5.38
Current: 5.38
NSE:CLASSICEIL's Interest Coverage is ranked worse than 72.13% of 2325
companies
in the Industrial Products industry
Industry Median: 14.8
vs NSE:CLASSICEIL: 5.38
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 .
Classic Electrodes (India) Interest Coverage Related Terms
Classic Electrodes (India) Interest Coverage Historical Data
* 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:CLASSICEIL vs VRT, BE: Interest Coverage Comparison
For the Electrical Equipment & Parts subindustry, Classic Electrodes (India)'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.
Classic Electrodes (India) Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Classic Electrodes (India)'s Interest Coverage distribution charts can be found below:
* The bar in red indicates where Classic Electrodes (India)'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.
Classic Electrodes (India) (NSE:CLASSICEIL) has a Interest Coverage of 7.20 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Classic Electrodes (India) and its competitors. This is 87% above median its historical median of 3.86. Over the past decade, Classic Electrodes (India)'s Interest Coverage has ranged from 1.62 to 5.38. According to the industry distribution chart, Classic Electrodes (India) ranks #1677 out of 2325 companies in the Industrial Products industry, placing it in the top 72.1%.
Is Classic Electrodes (India)'s Interest Coverage too high?
Classic Electrodes (India)'s current Interest Coverage of 7.20 is 87% above median its 10-year median of 3.86. Over the past 10 years, this metric has ranged from a low of 1.62 to a high of 5.38. The Industrial Products industry median Interest Coverage is 14.80. Classic Electrodes (India)'s value of 7.20 is 51.4% below this industry median. Based on the distribution chart, Classic Electrodes (India) ranks #1677 out of 2325 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Classic Electrodes (India) has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Classic Electrodes (India)'s Interest Coverage compare to VRT and BE?
According to the Industrial Products industry distribution chart, Classic Electrodes (India) ranks #1677 out of 2325 companies for Interest Coverage. This places Classic Electrodes (India) in the lower half of its industry. The industry median Interest Coverage is 14.80. Classic Electrodes (India)'s value of 7.20 is 51.4% below this benchmark. Historically, Classic Electrodes (India)'s own Interest Coverage has ranged from 1.62 to 5.38 over the past decade. While the company's 10-year median is 3.86 vs. the industry median of 14.80, Classic Electrodes (India) 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 Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.80, based on 2,325 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. Classic Electrodes (India)'s current Interest Coverage of 7.20 is 51.4% 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 Classic Electrodes (India) and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Classic Electrodes (India)'s current Interest Coverage is 7.20, which is 87% above median its own 10-year median of 3.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Classic Electrodes (India) stock overvalued right now?
Classic Electrodes (India) (NSE:CLASSICEIL) has a current Interest Coverage of 7.20. The current Interest Coverage is 7.20, which is 87% above median its 10-year median of 3.86 and 51.4% below the Industrial Products industry median of 14.80. Classic Electrodes (India)'s overall GF Score™ is 15/100. 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 Classic Electrodes (India) (NSE:CLASSICEIL), the current Interest Coverage is 7.20 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.
Classic Electrodes (India) Ltd is engaged in the business of manufacturing welding electrodes and providing engineering solutions to customers both in domestic and international market. It provides a wide range of product offerings including General Purpose Electrodes, Low Alloy Electrodes, Low Hydrogen Electrodes, Stainless Steel Electrodes, Hard Facing Electrodes, Cast Iron Electrodes, Non-Ferrous Electrodes, Low Heat Input Electrodes, Cutting and Gauging Electrodes, Mig Wires etc. It is focused on alloy and process development, quality and design, which has allowed the company to develop products suited to its customers' requirements. It has expertise to design, develop and manufacture complex and specialized industrial equipment and components for OEM's and end user industries.
15GF Score
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