Excel IndustriesNSE:EXCELINDUS -0.37%77 Interest Coverage is 49.16 as of Mar. 2026, which is 18% above its 10-year median of 41.69. GuruFocus rates NSE:EXCELINDUS with a GF Score™ of 77/100 and a GF Value™ of ₹1,167.39 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,231 Chemicals companies, Excel Industries ranks better than 68.72% 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. Excel Industries's
Operating Income
for the
three
months ended in Mar. 2026 was ₹123 Mil. Excel Industries's Interest Expense for the
three
months ended in Mar. 2026 was ₹-3 Mil.
Excel Industries's interest coverage for the quarter that ended in Mar. 2026 was 49.16.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Excel Industries's Interest Coverage or its related term are showing as below:
NSE:EXCELINDUS'
s Interest Coverage Range Over the Past 10 Years
Min: 3.57 Med: 41.69 Max: 134.33
Current: 29.57
NSE:EXCELINDUS's Interest Coverage is ranked better than 68.72% of 1231
companies
in the Chemicals industry
Industry Median: 10.21
vs NSE:EXCELINDUS: 29.57
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 .
Excel Industries Interest Coverage Related Terms
Excel Industries Interest Coverage Historical Data
* Premium members only.
The historical data trend for Excel Industries'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:EXCELINDUS vs LIN, SHW, ECL: Interest Coverage Comparison
For the Specialty Chemicals subindustry, Excel Industries'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.
Excel Industries Interest Coverage vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Excel Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Excel Industries'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.
Excel Industries (NSE:EXCELINDUS) has a Interest Coverage of 49.16 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Excel Industries and its competitors. This is 18% above median its historical median of 41.69. Over the past decade, Excel Industries' Interest Coverage has ranged from 3.57 to 134.33. According to the industry distribution chart, Excel Industries ranks #385 out of 1231 companies in the Chemicals industry, placing it in the top 31.3%.
Is Excel Industries' Interest Coverage too high?
Excel Industries' current Interest Coverage of 49.16 is 18% above median its 10-year median of 41.69. Over the past 10 years, this metric has ranged from a low of 3.57 to a high of 134.33. The Chemicals industry median Interest Coverage is 10.21. Excel Industries' value of 49.16 is 381.5% above this industry median. Based on the distribution chart, Excel Industries ranks #385 out of 1231 companies in the Chemicals industry, which is above the industry midpoint. Overall, Excel Industries has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Excel Industries' Interest Coverage compare to LIN and SHW?
According to the Chemicals industry distribution chart, Excel Industries ranks #385 out of 1231 companies for Interest Coverage. This puts Excel Industries in the upper half of its industry. The industry median Interest Coverage is 10.21. Excel Industries' value of 49.16 is 381.5% above this benchmark. Historically, Excel Industries' own Interest Coverage has ranged from 3.57 to 134.33 over the past decade. While the company's 10-year median is 41.69 vs. the industry median of 10.21, Excel Industries 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 a Chemicals company?
The median Interest Coverage among Chemicals companies is 10.21, based on 1,231 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. Excel Industries's current Interest Coverage of 49.16 is 381.5% 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 Excel Industries and its competitors. For the Chemicals industry, the median Interest Coverage is 10.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Excel Industries's current Interest Coverage is 49.16, which is 18% above median its own 10-year median of 41.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Excel Industries stock overvalued right now?
Based on GuruFocus' analysis, Excel Industries (NSE:EXCELINDUS) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,167.39, compared to a current price of ₹909.85 — trading 22.1% below its estimated fair value. The current Interest Coverage is 49.16, which is 18% above median its 10-year median of 41.69 and 381.5% above the Chemicals industry median of 10.21. Excel Industries' overall GF Score™ is 77/100 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 Excel Industries (NSE:EXCELINDUS), the current Interest Coverage is 49.16 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 Excel Industries (NSE:EXCELINDUS) Overvalued in 2026?
Based on GuruFocus' analysis, Excel Industries stock appears to be undervalued.
The current stock price of ₹909.85 is trading 22.1% below its estimated GF Value™ of ₹1,167.39.
GuruFocus considers Excel Industries to be Modestly Undervalued.
Key valuation signals for NSE:EXCELINDUS:
Interest Coverage: 49.16 (18% above median its 10-year median of 41.69)
GF Value™: ₹1,167.39 vs. price of ₹909.85 (22.1% below fair value)
Industry Position: 381.5% above the Chemicals median (#385 of 1231)
No single metric tells the full story. See the NSE:EXCELINDUS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Excel Industries Ltd is a chemical manufacturer based in India. The company is organized into two business segments namely; Chemicals segment which comprises of manufacture of speciality chemicals, intermediates and actives catering to various end user segments like Agrochemicals, Water Treatment, Soaps & Detergents, Lube Oil Additives, Mining Chemicals, Polymer Additives and Pharmaceuticals; and Environment and Biotech segment which comprises of Organic waste management composting, Municipal solid waste management, Plastic waste management and Construction and demolition waste management. The majority of its revenues come from Chemicals segment. It generates maximum revenue from within India.
77GF Score
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