Elecon Engineering CoNSE:ELECON -1.63%95 Interest Coverage is 20.93 as of Mar. 2026, which is 265% above its 10-year median of 5.73. GuruFocus rates NSE:ELECON with a GF Score™ of 95/100 and a GF Value™ of ₹644.21 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,329 Industrial Products companies, Elecon Engineering Co ranks better than 52.64% 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. Elecon Engineering Co's
Operating Income
for the
three
months ended in Mar. 2026 was ₹1,308 Mil. Elecon Engineering Co's Interest Expense for the
three
months ended in Mar. 2026 was ₹-63 Mil.
Elecon Engineering Co's interest coverage for the quarter that ended in Mar. 2026 was 20.93.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Elecon Engineering Co's Interest Coverage or its related term are showing as below:
NSE:ELECON'
s Interest Coverage Range Over the Past 10 Years
Min: 1.26 Med: 5.73 Max: 68.43
Current: 16.82
NSE:ELECON's Interest Coverage is ranked better than 52.64% of 2329
companies
in the Industrial Products industry
Industry Median: 14.79
vs NSE:ELECON: 16.82
Elecon Engineering Co (NSE:ELECON) 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 .
Elecon Engineering Co Interest Coverage Related Terms
Elecon Engineering Co Interest Coverage Historical Data
* Premium members only.
The historical data trend for Elecon Engineering Co'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:ELECON vs GEV, ETN, PH: Interest Coverage Comparison
For the Specialty Industrial Machinery subindustry, Elecon Engineering Co'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.
Elecon Engineering Co Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Elecon Engineering Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Elecon Engineering Co's Interest Coverage falls into.
Elecon Engineering Co 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:
* 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.
Elecon Engineering Co (NSE:ELECON) has a Interest Coverage of 20.93 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Elecon Engineering Co and its competitors. This is 265% above median its historical median of 5.73. Over the past decade, Elecon Engineering Co's Interest Coverage has ranged from 1.26 to 68.43. According to the industry distribution chart, Elecon Engineering Co ranks #1103 out of 2329 companies in the Industrial Products industry, placing it in the top 47.4%.
Is Elecon Engineering Co's Interest Coverage too high?
Elecon Engineering Co's current Interest Coverage of 20.93 is 265% above median its 10-year median of 5.73. Over the past 10 years, this metric has ranged from a low of 1.26 to a high of 68.43. The Industrial Products industry median Interest Coverage is 14.79. Elecon Engineering Co's value of 20.93 is 41.5% above this industry median. Based on the distribution chart, Elecon Engineering Co ranks #1103 out of 2329 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Elecon Engineering Co has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Elecon Engineering Co's Interest Coverage compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Elecon Engineering Co ranks #1103 out of 2329 companies for Interest Coverage. This puts Elecon Engineering Co in the upper half of its industry. The industry median Interest Coverage is 14.79. Elecon Engineering Co's value of 20.93 is 41.5% above this benchmark. Historically, Elecon Engineering Co's own Interest Coverage has ranged from 1.26 to 68.43 over the past decade. While the company's 10-year median is 5.73 vs. the industry median of 14.79, Elecon Engineering Co 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 Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.79, based on 2,329 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. Elecon Engineering Co's current Interest Coverage of 20.93 is 41.5% 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 Elecon Engineering Co and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elecon Engineering Co's current Interest Coverage is 20.93, which is 265% above median its own 10-year median of 5.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elecon Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Elecon Engineering Co (NSE:ELECON) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹644.21, compared to a current price of ₹522.20 — trading 18.9% below its estimated fair value. The current Interest Coverage is 20.93, which is 265% above median its 10-year median of 5.73 and 41.5% above the Industrial Products industry median of 14.79. Elecon Engineering Co's overall GF Score™ is 95/100 with 5 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 Elecon Engineering Co (NSE:ELECON), the current Interest Coverage is 20.93 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 Elecon Engineering Co (NSE:ELECON) Overvalued in 2026?
Based on GuruFocus' analysis, Elecon Engineering Co stock appears to be undervalued.
The current stock price of ₹522.20 is trading 18.9% below its estimated GF Value™ of ₹644.21.
GuruFocus considers Elecon Engineering Co to be Modestly Undervalued.
Key valuation signals for NSE:ELECON:
Interest Coverage: 20.93 (265% above median its 10-year median of 5.73)
GF Value™: ₹644.21 vs. price of ₹522.20 (18.9% below fair value)
Industry Position: 41.5% above the Industrial Products median (#1103 of 2329)
No single metric tells the full story. See the NSE:ELECON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elecon Engineering Co Ltd is an India-based company engaged in the manufacturing of material handling equipment and industrial gears. It operates through two segments, namely, the Material Handling Equipment segment, which engages in the manufacturing of raw material handling systems, stackers, reclaimers, bagging and weighing machines, wagon and truck loaders, crushers, wagon tipplers, feeders, and port equipment; and Transmission Equipment segment, which manufactures material transmission equipment like gearboxes, couplings, and elevator traction machines. It generates maximum revenue from transmission equipment sales. The group has a business presence in India and Outside India.
95GF Score
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