Gandhar Oil Refinery (India) (NSE:GANDHAR) Interest Coverage: 7.34 (As of Mar. 2026) — Near Median


NSE:GANDHAR Gandhar Oil Refinery (India) Ltd NSE:GANDHAR
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What is Gandhar Oil Refinery (India) Interest Coverage?

Gandhar Oil Refinery (India) NSE:GANDHAR +0.84% 47 Interest Coverage is 7.34 as of Mar. 2026, which is 1% above its 10-year median of 7.30. GuruFocus rates NSE:GANDHAR with a GF Score™ of 47/100. The stock has 7 warning signs investors should review. Among 727 Oil & Gas companies, Gandhar Oil Refinery (India) ranks worse than 51.44% 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. Gandhar Oil Refinery (India)'s Operating Income for the three months ended in Mar. 2026 was ₹559 Mil. Gandhar Oil Refinery (India)'s Interest Expense for the three months ended in Mar. 2026 was ₹-76 Mil. Gandhar Oil Refinery (India)'s interest coverage for the quarter that ended in Mar. 2026 was 7.34. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Gandhar Oil Refinery (India)'s Interest Coverage or its related term are showing as below:

NSE:GANDHAR' s Interest Coverage Range Over the Past 10 Years
Min: 3.09   Med: 7.3   Max: 19.98
Current: 5.44


NSE:GANDHAR's Interest Coverage is ranked worse than
51.44% of 727 companies
in the Oil & Gas industry
Industry Median: 5.88 vs NSE:GANDHAR: 5.44

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Gandhar Oil Refinery (India)  (NSE:GANDHAR) 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 .


Gandhar Oil Refinery (India) Interest Coverage Related Terms


Gandhar Oil Refinery (India) Interest Coverage Historical Data

* Premium members only.

The historical data trend for Gandhar Oil Refinery (India)'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.

Gandhar Oil Refinery (India) Interest Coverage Chart

Gandhar Oil Refinery (India) Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial 19.98 9.01 5.59 3.09 5.44

Gandhar Oil Refinery (India) Quarterly Data
Mar21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.98 4.03 5.66 5.11 7.34

NSE:GANDHAR vs VLO, MPC, PSX: Interest Coverage Comparison

For the Oil & Gas Refining & Marketing subindustry, Gandhar Oil Refinery (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.


Gandhar Oil Refinery (India) Interest Coverage vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gandhar Oil Refinery (India)'s Interest Coverage distribution charts can be found below:

* The bar in red indicates where Gandhar Oil Refinery (India)'s Interest Coverage falls into.


NSE:GANDHAR
47GF Score
Gandhar Oil Refinery (India) Ltd NSE:GANDHAR
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Gandhar Oil Refinery (India) 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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Gandhar Oil Refinery (India)'s Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Gandhar Oil Refinery (India)'s Interest Expense was ₹-376 Mil. Its Operating Income was ₹2,046 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1,723 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*2046/-375.9
=5.44

Gandhar Oil Refinery (India)'s Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Gandhar Oil Refinery (India)'s Interest Expense was ₹-76 Mil. Its Operating Income was ₹559 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1,723 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*558.9/-76.1
=7.34

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 7.34 mean?
Gandhar Oil Refinery (India) (NSE:GANDHAR) has a Interest Coverage of 7.34 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Gandhar Oil Refinery (India) and its competitors. This is near median its historical median of 7.30. Over the past decade, Gandhar Oil Refinery (India)'s Interest Coverage has ranged from 3.09 to 19.98. According to the industry distribution chart, Gandhar Oil Refinery (India) ranks #374 out of 727 companies in the Oil & Gas industry, placing it in the top 51.4%.
Is Gandhar Oil Refinery (India)'s Interest Coverage too high?
Gandhar Oil Refinery (India)'s current Interest Coverage of 7.34 is near median its 10-year median of 7.30. Over the past 10 years, this metric has ranged from a low of 3.09 to a high of 19.98. The Oil & Gas industry median Interest Coverage is 5.88. Gandhar Oil Refinery (India)'s value of 7.34 is 24.8% above this industry median. Based on the distribution chart, Gandhar Oil Refinery (India) ranks #374 out of 727 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Gandhar Oil Refinery (India) has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Gandhar Oil Refinery (India)'s Interest Coverage compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Gandhar Oil Refinery (India) ranks #374 out of 727 companies for Interest Coverage. This places Gandhar Oil Refinery (India) in the lower half of its industry. The industry median Interest Coverage is 5.88. Gandhar Oil Refinery (India)'s value of 7.34 is 24.8% above this benchmark. Historically, Gandhar Oil Refinery (India)'s own Interest Coverage has ranged from 3.09 to 19.98 over the past decade. While the company's 10-year median is 7.30 vs. the industry median of 5.88, Gandhar Oil Refinery (India) 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 Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.88, based on 727 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. Gandhar Oil Refinery (India)'s current Interest Coverage of 7.34 is 24.8% 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 Gandhar Oil Refinery (India) and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gandhar Oil Refinery (India)'s current Interest Coverage is 7.34, which is near median its own 10-year median of 7.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gandhar Oil Refinery (India) stock overvalued right now?
Gandhar Oil Refinery (India) (NSE:GANDHAR) has a current Interest Coverage of 7.34. The current Interest Coverage is 7.34, which is near median its 10-year median of 7.30 and 24.8% above the Oil & Gas industry median of 5.88. Gandhar Oil Refinery (India)'s overall GF Score™ is 47/100 with 7 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 Gandhar Oil Refinery (India) (NSE:GANDHAR), the current Interest Coverage is 7.34 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.

Gandhar Oil Refinery (India) Business Description

Industry EnergyOil & Gas
Other Exchanges 544029:India
Address S.V. Road, 18th floor, DLH Park, Goregaon West, Mumbai, MH, IND, 400062
Gandhar Oil Refinery (India) Ltd is a manufacturer of white oils with a growing focus on the consumer and healthcare end industries. The company has only one reportable segment: petroleum products - specialty oils. The geographical segments include the Domestic Market and Overseas Markets.
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