Hardwyn IndiaNSE:HARDWYN +3.32%83 Interest Coverage is 10.49 as of Mar. 2026, which is 19% below its 10-year median of 13.03. GuruFocus rates NSE:HARDWYN with a GF Score™ of 83/100 and a GF Value™ of ₹25.70 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,351 Construction companies, Hardwyn India ranks better than 66.32% 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. Hardwyn India's
Operating Income
for the
three
months ended in Mar. 2026 was ₹52 Mil. Hardwyn India's Interest Expense for the
three
months ended in Mar. 2026 was ₹-5 Mil.
Hardwyn India's interest coverage for the quarter that ended in Mar. 2026 was 10.49.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Hardwyn India's Interest Coverage or its related term are showing as below:
NSE:HARDWYN'
s Interest Coverage Range Over the Past 10 Years
Min: 1.22 Med: 13.03 Max: 73.85
Current: 17.73
NSE:HARDWYN's Interest Coverage is ranked better than 66.32% of 1351
companies
in the Construction industry
Industry Median: 7.81
vs NSE:HARDWYN: 17.73
Hardwyn India (NSE:HARDWYN) 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 .
Hardwyn India Interest Coverage Related Terms
Hardwyn India Interest Coverage Historical Data
* Premium members only.
The historical data trend for Hardwyn 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.
NSE:HARDWYN vs TT, JCI, CARR: Interest Coverage Comparison
For the Building Products & Equipment subindustry, Hardwyn 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.
Hardwyn India Interest Coverage vs Construction Industry
For the Construction industry and Industrials sector, Hardwyn India's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Hardwyn India'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.
Hardwyn India (NSE:HARDWYN) has a Interest Coverage of 10.49 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Hardwyn India and its competitors. This is 19% below median its historical median of 13.03. Over the past decade, Hardwyn India's Interest Coverage has ranged from 1.22 to 73.85. According to the industry distribution chart, Hardwyn India ranks #455 out of 1351 companies in the Construction industry, placing it in the top 33.7%.
Is Hardwyn India's Interest Coverage too high?
Hardwyn India's current Interest Coverage of 10.49 is 19% below median its 10-year median of 13.03. Over the past 10 years, this metric has ranged from a low of 1.22 to a high of 73.85. The Construction industry median Interest Coverage is 7.81. Hardwyn India's value of 10.49 is 34.3% above this industry median. Based on the distribution chart, Hardwyn India ranks #455 out of 1351 companies in the Construction industry, which is above the industry midpoint. Overall, Hardwyn India has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hardwyn India's Interest Coverage compare to TT and JCI?
According to the Construction industry distribution chart, Hardwyn India ranks #455 out of 1351 companies for Interest Coverage. This puts Hardwyn India in the upper half of its industry. The industry median Interest Coverage is 7.81. Hardwyn India's value of 10.49 is 34.3% above this benchmark. Historically, Hardwyn India's own Interest Coverage has ranged from 1.22 to 73.85 over the past decade. While the company's 10-year median is 13.03 vs. the industry median of 7.81, Hardwyn 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 a Construction company?
The median Interest Coverage among Construction companies is 7.81, based on 1,351 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. Hardwyn India's current Interest Coverage of 10.49 is 34.3% 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 Hardwyn India and its competitors. For the Construction industry, the median Interest Coverage is 7.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hardwyn India's current Interest Coverage is 10.49, which is 19% below median its own 10-year median of 13.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hardwyn India stock overvalued right now?
Based on GuruFocus' analysis, Hardwyn India (NSE:HARDWYN) is currently considered Fairly Valued. The stock's GF Value™ is ₹25.70, compared to a current price of ₹25.18 — trading 2% below its estimated fair value. The current Interest Coverage is 10.49, which is 19% below median its 10-year median of 13.03 and 34.3% above the Construction industry median of 7.81. Hardwyn India's overall GF Score™ is 83/100 with 6 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 Hardwyn India (NSE:HARDWYN), the current Interest Coverage is 10.49 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 Hardwyn India (NSE:HARDWYN) Overvalued in 2026?
Based on GuruFocus' analysis, Hardwyn India stock appears to be undervalued.
The current stock price of ₹25.18 is trading 2% below its estimated GF Value™ of ₹25.70.
GuruFocus considers Hardwyn India to be Fairly Valued.
Key valuation signals for NSE:HARDWYN:
Interest Coverage: 10.49 (19% below median its 10-year median of 13.03)
GF Value™: ₹25.70 vs. price of ₹25.18 (2% below fair value)
Industry Position: 34.3% above the Construction median (#455 of 1351)
No single metric tells the full story. See the NSE:HARDWYN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hardwyn India Ltd is engaged in the trading business of aluminium products including manufacturing architectural hardware and glass fittings. It provides a complete solution to residential and commercial structures. Its product range includes Door Hardware, Kitchen Hardware, Glass Hardware, and Furniture Hardware.
83GF Score
Get the complete analysis for NSE:HARDWYN
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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