Finolex CablesNSE:FINCABLES -2.63%97 Interest Coverage is 372.23 as of Mar. 2026, which is 27% above its 10-year median of 293.19. GuruFocus rates NSE:FINCABLES with a GF Score™ of 97/100 and a GF Value™ of ₹1,279.23 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 2,321 Industrial Products companies, Finolex Cables ranks better than 90.09% 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. Finolex Cables's
Operating Income
for the
three
months ended in Mar. 2026 was ₹1,638 Mil. Finolex Cables's Interest Expense for the
three
months ended in Mar. 2026 was ₹-4 Mil.
Finolex Cables's interest coverage for the quarter that ended in Mar. 2026 was 372.23.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Finolex Cables Ltd has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Finolex Cables's Interest Coverage or its related term are showing as below:
NSE:FINCABLES'
s Interest Coverage Range Over the Past 10 Years
Min: 81.14 Med: 293.19 Max: 475.83
Current: 320.06
NSE:FINCABLES's Interest Coverage is ranked better than 90.09% of 2321
companies
in the Industrial Products industry
Industry Median: 14.8
vs NSE:FINCABLES: 320.06
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 .
Finolex Cables Interest Coverage Related Terms
Finolex Cables Interest Coverage Historical Data
* Premium members only.
The historical data trend for Finolex Cables'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:FINCABLES vs VRT, BE: Interest Coverage Comparison
For the Electrical Equipment & Parts subindustry, Finolex Cables'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.
Finolex Cables Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Finolex Cables's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Finolex Cables'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.
Finolex Cables (NSE:FINCABLES) has a Interest Coverage of 372.23 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Finolex Cables and its competitors. This is 27% above median its historical median of 293.19. Over the past decade, Finolex Cables' Interest Coverage has ranged from 81.14 to 475.83. According to the industry distribution chart, Finolex Cables ranks #230 out of 2321 companies in the Industrial Products industry, placing it in the top 9.9%.
Is Finolex Cables' Interest Coverage too high?
Finolex Cables' current Interest Coverage of 372.23 is 27% above median its 10-year median of 293.19. Over the past 10 years, this metric has ranged from a low of 81.14 to a high of 475.83. The Industrial Products industry median Interest Coverage is 14.80. Finolex Cables' value of 372.23 is 2415.1% above this industry median. Based on the distribution chart, Finolex Cables ranks #230 out of 2321 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Finolex Cables has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Finolex Cables' Interest Coverage compare to VRT and BE?
According to the Industrial Products industry distribution chart, Finolex Cables ranks #230 out of 2321 companies for Interest Coverage. This places Finolex Cables in the top 10% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 14.80. Finolex Cables' value of 372.23 is 2415.1% above this benchmark. Historically, Finolex Cables' own Interest Coverage has ranged from 81.14 to 475.83 over the past decade. While the company's 10-year median is 293.19 vs. the industry median of 14.80, Finolex Cables 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 14.80, based on 2,321 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. Finolex Cables's current Interest Coverage of 372.23 is 2415.1% 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 Finolex Cables 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. Finolex Cables's current Interest Coverage is 372.23, which is 27% above median its own 10-year median of 293.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Finolex Cables stock overvalued right now?
Based on GuruFocus' analysis, Finolex Cables (NSE:FINCABLES) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,279.23, compared to a current price of ₹1,100.10 — trading 14% below its estimated fair value. The current Interest Coverage is 372.23, which is 27% above median its 10-year median of 293.19 and 2415.1% above the Industrial Products industry median of 14.80. Finolex Cables' overall GF Score™ is 97/100 with 9 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 Finolex Cables (NSE:FINCABLES), the current Interest Coverage is 372.23 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 Finolex Cables (NSE:FINCABLES) Overvalued in 2026?
Based on GuruFocus' analysis, Finolex Cables stock appears to be undervalued.
The current stock price of ₹1,100.10 is trading 14% below its estimated GF Value™ of ₹1,279.23.
GuruFocus considers Finolex Cables to be Modestly Undervalued.
Key valuation signals for NSE:FINCABLES:
Interest Coverage: 372.23 (27% above median its 10-year median of 293.19)
GF Value™: ₹1,279.23 vs. price of ₹1,100.10 (14% below fair value)
Industry Position: 2415.1% above the Industrial Products median (#230 of 2321)
No single metric tells the full story. See the NSE:FINCABLES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Finolex Cables Ltd is an electronic components company. The operating segments of the group are Electrical cables, Communication cables, Copper rods, and Others - Trading of Electrical and other goods. It derives a majority of its revenue from the Electrical cables segment. The group offers products like wires and cables, optical fibre cables, switches, LED lightings, fans, MCBs, water heaters, and other products. Geographically, the company caters to both the Indian and the international markets of which, a majority of its revenue is derived from its business in India.
97GF Score
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