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. Dixon Technologies (India)'s
Operating Income
for the
three
months ended in Mar. 2026 was ₹3,034 Mil. Dixon Technologies (India)'s Interest Expense for the
three
months ended in Mar. 2026 was ₹-237 Mil.
Dixon Technologies (India)'s interest coverage for the quarter that ended in Mar. 2026 was 12.82.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Dixon Technologies (India)'s Interest Coverage or its related term are showing as below:
NSE:DIXON'
s Interest Coverage Range Over the Past 10 Years
Min: 4.76 Med: 7.42 Max: 10.72
Current: 10.72
NSE:DIXON's Interest Coverage is ranked worse than 55.14% of 1672
companies
in the Hardware industry
Industry Median: 13.73
vs NSE:DIXON: 10.72
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 .
Dixon Technologies (India) Interest Coverage Related Terms
Dixon Technologies (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.
For the Consumer Electronics subindustry, Dixon Technologies (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.
Dixon Technologies (India) Interest Coverage vs Hardware Industry
For the Hardware industry and Technology sector, Dixon Technologies (India)'s Interest Coverage distribution charts can be found below:
* The bar in red indicates where Dixon Technologies (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.
Dixon Technologies (India) (NSE:DIXON) has a Interest Coverage of 12.82 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Dixon Technologies (India) and its competitors. This is 73% above median its historical median of 7.42. Over the past decade, Dixon Technologies (India)'s Interest Coverage has ranged from 4.76 to 10.72. According to the industry distribution chart, Dixon Technologies (India) ranks #922 out of 1672 companies in the Hardware industry, placing it in the top 55.1%.
Is Dixon Technologies (India)'s Interest Coverage too high?
Dixon Technologies (India)'s current Interest Coverage of 12.82 is 73% above median its 10-year median of 7.42. Over the past 10 years, this metric has ranged from a low of 4.76 to a high of 10.72. The Hardware industry median Interest Coverage is 13.73. Dixon Technologies (India)'s value of 12.82 is 6.6% below this industry median. Based on the distribution chart, Dixon Technologies (India) ranks #922 out of 1672 companies in the Hardware industry, which is below the industry midpoint. Overall, Dixon Technologies (India) has a GF Score™ of 92/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dixon Technologies (India)'s Interest Coverage compare to AAPL?
According to the Hardware industry distribution chart, Dixon Technologies (India) ranks #922 out of 1672 companies for Interest Coverage. This places Dixon Technologies (India) in the lower half of its industry. The industry median Interest Coverage is 13.73. Dixon Technologies (India)'s value of 12.82 is 6.6% below this benchmark. Historically, Dixon Technologies (India)'s own Interest Coverage has ranged from 4.76 to 10.72 over the past decade. While the company's 10-year median is 7.42 vs. the industry median of 13.73, Dixon Technologies (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 a Hardware company?
The median Interest Coverage among Hardware companies is 13.73, based on 1,672 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. Dixon Technologies (India)'s current Interest Coverage of 12.82 is 6.6% 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 Dixon Technologies (India) and its competitors. For the Hardware industry, the median Interest Coverage is 13.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dixon Technologies (India)'s current Interest Coverage is 12.82, which is 73% above median its own 10-year median of 7.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dixon Technologies (India) stock overvalued right now?
Based on GuruFocus' analysis, Dixon Technologies (India) (NSE:DIXON) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹23,386.41, compared to a current price of ₹11,805.00 — trading 49.5% below its estimated fair value. The current Interest Coverage is 12.82, which is 73% above median its 10-year median of 7.42 and 6.6% below the Hardware industry median of 13.73. Dixon Technologies (India)'s overall GF Score™ is 92/100 with 3 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 Dixon Technologies (India) (NSE:DIXON), the current Interest Coverage is 12.82 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.
Is Dixon Technologies (India) (NSE:DIXON) Overvalued in 2026?
Based on GuruFocus' analysis, Dixon Technologies (India) stock appears to be undervalued.
The current stock price of ₹11,805.00 is trading 49.5% below its estimated GF Value™ of ₹23,386.41.
GuruFocus considers Dixon Technologies (India) to be Significantly Undervalued.
Key valuation signals for NSE:DIXON:
Interest Coverage: 12.82 (73% above median its 10-year median of 7.42)
GF Value™: ₹23,386.41 vs. price of ₹11,805.00 (49.5% below fair value)
Industry Position: 6.6% below the Hardware median (#922 of 1672)
No single metric tells the full story. See the NSE:DIXON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dixon Technologies (India) Ltd provides electronic manufacturing services (EMS) to its customers, serving as an original equipment manufacturer (OEM) as well as an original design manufacturer (ODM) for various brands. It is engaged in the in manufacturing of electronic goods such as consumer durables, home appliances, lighting products and mobile phones. It operates in single operating segment: Electronics Goods. The company engages in domestic sales of goods as well as exports its products outside India, of which a majority of its revenue is generated from the domestic market.
92GF Score
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