Harsha Engineers InternationalNSE:HARSHA +2.40%86 Interest Coverage is 10.45 as of Mar. 2026, which is 8% above its 10-year median of 9.67. GuruFocus rates NSE:HARSHA with a GF Score™ of 86/100 and a GF Value™ of ₹496.51 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,325 Industrial Products companies, Harsha Engineers International ranks worse than 55.05% 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. Harsha Engineers International's
Operating Income
for the
three
months ended in Mar. 2026 was ₹606 Mil. Harsha Engineers International's Interest Expense for the
three
months ended in Mar. 2026 was ₹-58 Mil.
Harsha Engineers International's interest coverage for the quarter that ended in Mar. 2026 was 10.45.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Harsha Engineers International's Interest Coverage or its related term are showing as below:
NSE:HARSHA'
s Interest Coverage Range Over the Past 10 Years
Min: 2.22 Med: 9.67 Max: 17.67
Current: 11.89
NSE:HARSHA's Interest Coverage is ranked worse than 55.05% of 2325
companies
in the Industrial Products industry
Industry Median: 14.8
vs NSE:HARSHA: 11.89
Harsha Engineers International (NSE:HARSHA) 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 .
Harsha Engineers International Interest Coverage Related Terms
Harsha Engineers International Interest Coverage Historical Data
* 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.
Harsha Engineers International Interest Coverage Chart
NSE:HARSHA vs SNA, RBC, LECO: Interest Coverage Comparison
For the Tools & Accessories subindustry, Harsha Engineers International'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.
Harsha Engineers International Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Harsha Engineers International's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Harsha Engineers International's Interest Coverage falls into.
Harsha Engineers International 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:
* 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.
Harsha Engineers International (NSE:HARSHA) has a Interest Coverage of 10.45 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Harsha Engineers International and its competitors. This is near median its historical median of 9.67. Over the past decade, Harsha Engineers International's Interest Coverage has ranged from 2.22 to 17.67. According to the industry distribution chart, Harsha Engineers International ranks #1280 out of 2325 companies in the Industrial Products industry, placing it in the top 55.1%.
Is Harsha Engineers International's Interest Coverage too high?
Harsha Engineers International's current Interest Coverage of 10.45 is near median its 10-year median of 9.67. Over the past 10 years, this metric has ranged from a low of 2.22 to a high of 17.67. The Industrial Products industry median Interest Coverage is 14.80. Harsha Engineers International's value of 10.45 is 29.4% below this industry median. Based on the distribution chart, Harsha Engineers International ranks #1280 out of 2325 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Harsha Engineers International has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harsha Engineers International's Interest Coverage compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Harsha Engineers International ranks #1280 out of 2325 companies for Interest Coverage. This places Harsha Engineers International in the lower half of its industry. The industry median Interest Coverage is 14.80. Harsha Engineers International's value of 10.45 is 29.4% below this benchmark. Historically, Harsha Engineers International's own Interest Coverage has ranged from 2.22 to 17.67 over the past decade. While the company's 10-year median is 9.67 vs. the industry median of 14.80, Harsha Engineers International 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 an Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.80, based on 2,325 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. Harsha Engineers International's current Interest Coverage of 10.45 is 29.4% 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 Harsha Engineers International 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. Harsha Engineers International's current Interest Coverage is 10.45, which is near median its own 10-year median of 9.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harsha Engineers International stock overvalued right now?
Based on GuruFocus' analysis, Harsha Engineers International (NSE:HARSHA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹496.51, compared to a current price of ₹419.70 — trading 15.5% below its estimated fair value. The current Interest Coverage is 10.45, which is near median its 10-year median of 9.67 and 29.4% below the Industrial Products industry median of 14.80. Harsha Engineers International's overall GF Score™ is 86/100 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 Harsha Engineers International (NSE:HARSHA), the current Interest Coverage is 10.45 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 Harsha Engineers International (NSE:HARSHA) Overvalued in 2026?
Based on GuruFocus' analysis, Harsha Engineers International stock appears to be undervalued.
The current stock price of ₹419.70 is trading 15.5% below its estimated GF Value™ of ₹496.51.
GuruFocus considers Harsha Engineers International to be Modestly Undervalued.
Key valuation signals for NSE:HARSHA:
Interest Coverage: 10.45 (near median its 10-year median of 9.67)
GF Value™: ₹496.51 vs. price of ₹419.70 (15.5% below fair value)
Industry Position: 29.4% below the Industrial Products median (#1280 of 2325)
No single metric tells the full story. See the NSE:HARSHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harsha Engineers International Business Description
Harsha Engineers International Ltd is a manufacturer of precision bearing cages. The company supplies its products to customers covering five continents such as North America, Europe, Asia, South America, and Africa. It comprises two segments: Engineering business, under which the company manufactures bearing cages (in brass, steel, and polyamide materials), complex and specialized precision stamped components, welded assemblies and brass castings and cages & bronze bushings: and Solar EPC business, under which the company provide complete comprehensive turnkey solutions to all solar photovoltaic requirements and provides operations and maintenance services in the solar sector.
86GF Score
Get the complete analysis for NSE:HARSHA
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:HARSHA has been successfully added to your 
