Exide IndustriesNSE:EXIDEIND -2.43%86 Interest Coverage is 13.15 as of Mar. 2026, which is 9% below its 10-year median of 14.53. GuruFocus rates NSE:EXIDEIND with a GF Score™ of 86/100 and a GF Value™ of ₹388.08 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,066 Vehicles & Parts companies, Exide Industries ranks better than 56.57% 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. Exide Industries's
Operating Income
for the
three
months ended in Mar. 2026 was ₹3,501 Mil. Exide Industries's Interest Expense for the
three
months ended in Mar. 2026 was ₹-266 Mil.
Exide Industries's interest coverage for the quarter that ended in Mar. 2026 was 13.15.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Exide Industries's Interest Coverage or its related term are showing as below:
NSE:EXIDEIND'
s Interest Coverage Range Over the Past 10 Years
Min: 8.33 Med: 14.53 Max: 29.79
Current: 10.35
NSE:EXIDEIND's Interest Coverage is ranked better than 56.57% of 1066
companies
in the Vehicles & Parts industry
Industry Median: 8.295
vs NSE:EXIDEIND: 10.35
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 .
Exide Industries Interest Coverage Related Terms
Exide Industries Interest Coverage Historical Data
* Premium members only.
The historical data trend for Exide 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:EXIDEIND vs ORLY, AZO: Interest Coverage Comparison
For the Auto Parts subindustry, Exide 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.
Exide Industries Interest Coverage vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Exide Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Exide 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.
Exide Industries (NSE:EXIDEIND) has a Interest Coverage of 13.15 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Exide Industries and its competitors. This is near median its historical median of 14.53. Over the past decade, Exide Industries' Interest Coverage has ranged from 8.33 to 29.79. According to the industry distribution chart, Exide Industries ranks #463 out of 1066 companies in the Vehicles & Parts industry, placing it in the top 43.4%.
Is Exide Industries' Interest Coverage too high?
Exide Industries' current Interest Coverage of 13.15 is near median its 10-year median of 14.53. Over the past 10 years, this metric has ranged from a low of 8.33 to a high of 29.79. The Vehicles & Parts industry median Interest Coverage is 8.30. Exide Industries' value of 13.15 is 58.5% above this industry median. Based on the distribution chart, Exide Industries ranks #463 out of 1066 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Exide Industries has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Exide Industries' Interest Coverage compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Exide Industries ranks #463 out of 1066 companies for Interest Coverage. This puts Exide Industries in the upper half of its industry. The industry median Interest Coverage is 8.30. Exide Industries' value of 13.15 is 58.5% above this benchmark. Historically, Exide Industries' own Interest Coverage has ranged from 8.33 to 29.79 over the past decade. While the company's 10-year median is 14.53 vs. the industry median of 8.30, Exide 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 Vehicles & Parts company?
The median Interest Coverage among Vehicles & Parts companies is 8.30, based on 1,066 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. Exide Industries's current Interest Coverage of 13.15 is 58.5% 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 Exide Industries and its competitors. For the Vehicles & Parts industry, the median Interest Coverage is 8.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exide Industries's current Interest Coverage is 13.15, which is near median its own 10-year median of 14.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exide Industries stock overvalued right now?
Based on GuruFocus' analysis, Exide Industries (NSE:EXIDEIND) is currently considered Fairly Valued. The stock's GF Value™ is ₹388.08, compared to a current price of ₹389.80 — trading 0.4% above its estimated fair value. The current Interest Coverage is 13.15, which is near median its 10-year median of 14.53 and 58.5% above the Vehicles & Parts industry median of 8.30. Exide Industries' overall GF Score™ is 86/100 with 8 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 Exide Industries (NSE:EXIDEIND), the current Interest Coverage is 13.15 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 Exide Industries (NSE:EXIDEIND) Overvalued in 2026?
Based on GuruFocus' analysis, Exide Industries stock appears to be overvalued.
The current stock price of ₹389.80 is trading 0.4% above its estimated GF Value™ of ₹388.08.
GuruFocus considers Exide Industries to be Fairly Valued.
Key valuation signals for NSE:EXIDEIND:
Interest Coverage: 13.15 (near median its 10-year median of 14.53)
GF Value™: ₹388.08 vs. price of ₹389.80 (0.4% above fair value)
Industry Position: 58.5% above the Vehicles & Parts median (#463 of 1066)
No single metric tells the full story. See the NSE:EXIDEIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Exide Industries Ltd is mainly engaged in the manufacturing of Storage Batteries and allied products in India. The company's products are Four Wheeler Batteries, Three Wheeler Batteries, Two Wheeler Batteries, E-Rickshaw Batteries, INVERTER SYSTEMS, Inverter Batteries, Institutional UPS Batteries, GENSET BATTERIES, Exide's Solar Portfolio, INFRASTRUCTURE BATTERIES, Battery Energy Storage Solution, SUBMARINE BATTERIES, etc. The Company has identified two operating segments viz, Automotive and Industrial. The two operating segments have been aggregated as single operating segment of storage batteries and allied products. The The Company mainly operates in India and also generates majority of revenue from India followed by Overseas.
86GF Score
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