Greenlam IndustriesNSE:GREENLAM -2.36%92 Interest Coverage is 3.17 as of Mar. 2026, which is 48% below its 10-year median of 6.11. GuruFocus rates NSE:GREENLAM with a GF Score™ of 92/100 and a GF Value™ of ₹350.13 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 293 Furnishings, Fixtures & Appliances companies, Greenlam Industries ranks worse than 82.25% 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. Greenlam Industries's
Operating Income
for the
three
months ended in Mar. 2026 was ₹731 Mil. Greenlam Industries's Interest Expense for the
three
months ended in Mar. 2026 was ₹-230 Mil.
Greenlam Industries's interest coverage for the quarter that ended in Mar. 2026 was 3.17.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Greenlam Industries's Interest Coverage or its related term are showing as below:
NSE:GREENLAM'
s Interest Coverage Range Over the Past 10 Years
Min: 1.91 Med: 6.11 Max: 9.23
Current: 1.91
NSE:GREENLAM's Interest Coverage is ranked worse than 82.25% of 293
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 11.05
vs NSE:GREENLAM: 1.91
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 .
Greenlam Industries Interest Coverage Related Terms
Greenlam Industries Interest Coverage Historical Data
* Premium members only.
The historical data trend for Greenlam 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:GREENLAM vs SN, SGI, MHK: Interest Coverage Comparison
For the Furnishings, Fixtures & Appliances subindustry, Greenlam 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.
Greenlam Industries Interest Coverage vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Greenlam Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Greenlam 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.
Greenlam Industries (NSE:GREENLAM) has a Interest Coverage of 3.17 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Greenlam Industries and its competitors. This is 48% below median its historical median of 6.11. Over the past decade, Greenlam Industries' Interest Coverage has ranged from 1.91 to 9.23. According to the industry distribution chart, Greenlam Industries ranks #241 out of 293 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 82.3%.
Is Greenlam Industries' Interest Coverage too high?
Greenlam Industries' current Interest Coverage of 3.17 is 48% below median its 10-year median of 6.11. Over the past 10 years, this metric has ranged from a low of 1.91 to a high of 9.23. The Furnishings, Fixtures & Appliances industry median Interest Coverage is 11.05. Greenlam Industries' value of 3.17 is 71.3% below this industry median. Based on the distribution chart, Greenlam Industries ranks #241 out of 293 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Greenlam Industries has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Greenlam Industries' Interest Coverage compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Greenlam Industries ranks #241 out of 293 companies for Interest Coverage. This places Greenlam Industries in the lower half of its industry. The industry median Interest Coverage is 11.05. Greenlam Industries' value of 3.17 is 71.3% below this benchmark. Historically, Greenlam Industries' own Interest Coverage has ranged from 1.91 to 9.23 over the past decade. While the company's 10-year median is 6.11 vs. the industry median of 11.05, Greenlam Industries has consistently been below 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 Furnishings, Fixtures & Appliances company?
The median Interest Coverage among Furnishings, Fixtures & Appliances companies is 11.05, based on 293 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. Greenlam Industries's current Interest Coverage of 3.17 is 71.3% below 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 Greenlam Industries and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Interest Coverage is 11.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Greenlam Industries's current Interest Coverage is 3.17, which is 48% below median its own 10-year median of 6.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Greenlam Industries stock overvalued right now?
Based on GuruFocus' analysis, Greenlam Industries (NSE:GREENLAM) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹350.13, compared to a current price of ₹260.75 — trading 25.5% below its estimated fair value. The current Interest Coverage is 3.17, which is 48% below median its 10-year median of 6.11 and 71.3% below the Furnishings, Fixtures & Appliances industry median of 11.05. Greenlam Industries' overall GF Score™ is 92/100 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 Greenlam Industries (NSE:GREENLAM), the current Interest Coverage is 3.17 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 Greenlam Industries (NSE:GREENLAM) Overvalued in 2026?
Based on GuruFocus' analysis, Greenlam Industries stock appears to be undervalued.
The current stock price of ₹260.75 is trading 25.5% below its estimated GF Value™ of ₹350.13.
GuruFocus considers Greenlam Industries to be Modestly Undervalued.
Key valuation signals for NSE:GREENLAM:
Interest Coverage: 3.17 (48% below median its 10-year median of 6.11)
GF Value™: ₹350.13 vs. price of ₹260.75 (25.5% below fair value)
Industry Position: 71.3% below the Furnishings, Fixtures & Appliances median (#241 of 293)
No single metric tells the full story. See the NSE:GREENLAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Greenlam Industries Ltd d in the business of manufacturing laminates, decorative veneers, engineered wooden Flooring and Doors, and Plywood and allied products through its factories. The firm offers its products under the Greenlam Laminates, Greenlam Clads, NewMika Laminates, NewMika FX, Mikasa Decowood Veneers, and Other brand names. The operating segments of the company are Laminate and Allied products, Veneer and Allied products, and Plywood and Allied products. It generates the majority of its revenue from the Laminate and Allied products segment, which is engaged in the business of manufacturing Laminates and compact laminates. Geographically, the group has a business presence in India and Outside India, of which a majority of its revenue is derived from India.
92GF Score
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