HBL EngineeringNSE:HBLENGINE -0.83%91 Interest Coverage is 26.21 as of Mar. 2026, which is 114% above its 10-year median of 12.23. GuruFocus rates NSE:HBLENGINE with a GF Score™ of 91/100 and a GF Value™ of ₹871.52 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,322 Industrial Products companies, HBL Engineering ranks better than 77.82% 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. HBL Engineering's
Operating Income
for the
three
months ended in Mar. 2026 was ₹600 Mil. HBL Engineering's Interest Expense for the
three
months ended in Mar. 2026 was ₹-23 Mil.
HBL Engineering's interest coverage for the quarter that ended in Mar. 2026 was 26.21.
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. HBL Engineering Ltd has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for HBL Engineering's Interest Coverage or its related term are showing as below:
NSE:HBLENGINE'
s Interest Coverage Range Over the Past 10 Years
Min: 2.56 Med: 12.23 Max: 72.34
Current: 72.34
NSE:HBLENGINE's Interest Coverage is ranked better than 77.82% of 2322
companies
in the Industrial Products industry
Industry Median: 14.835
vs NSE:HBLENGINE: 72.34
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 .
HBL Engineering Interest Coverage Related Terms
HBL Engineering Interest Coverage Historical Data
* Premium members only.
The historical data trend for HBL Engineering'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:HBLENGINE vs VRT, BE: Interest Coverage Comparison
For the Electrical Equipment & Parts subindustry, HBL Engineering'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.
HBL Engineering Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, HBL Engineering's Interest Coverage distribution charts can be found below:
* The bar in red indicates where HBL Engineering'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.
HBL Engineering (NSE:HBLENGINE) has a Interest Coverage of 26.21 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on HBL Engineering and its competitors. This is 114% above median its historical median of 12.23. Over the past decade, HBL Engineering's Interest Coverage has ranged from 2.56 to 72.34. According to the industry distribution chart, HBL Engineering ranks #515 out of 2322 companies in the Industrial Products industry, placing it in the top 22.2%.
Is HBL Engineering's Interest Coverage too high?
HBL Engineering's current Interest Coverage of 26.21 is 114% above median its 10-year median of 12.23. Over the past 10 years, this metric has ranged from a low of 2.56 to a high of 72.34. The Industrial Products industry median Interest Coverage is 14.84. HBL Engineering's value of 26.21 is 76.7% above this industry median. Based on the distribution chart, HBL Engineering ranks #515 out of 2322 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, HBL Engineering has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HBL Engineering's Interest Coverage compare to VRT and BE?
According to the Industrial Products industry distribution chart, HBL Engineering ranks #515 out of 2322 companies for Interest Coverage. This places HBL Engineering in the top 22% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 14.84. HBL Engineering's value of 26.21 is 76.7% above this benchmark. Historically, HBL Engineering's own Interest Coverage has ranged from 2.56 to 72.34 over the past decade. While the company's 10-year median is 12.23 vs. the industry median of 14.84, HBL Engineering 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 14.84, based on 2,322 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. HBL Engineering's current Interest Coverage of 26.21 is 76.7% 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 HBL Engineering and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HBL Engineering's current Interest Coverage is 26.21, which is 114% above median its own 10-year median of 12.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HBL Engineering stock overvalued right now?
Based on GuruFocus' analysis, HBL Engineering (NSE:HBLENGINE) is currently considered Fairly Valued. The stock's GF Value™ is ₹871.52, compared to a current price of ₹816.95 — trading 6.3% below its estimated fair value. The current Interest Coverage is 26.21, which is 114% above median its 10-year median of 12.23 and 76.7% above the Industrial Products industry median of 14.84. HBL Engineering's overall GF Score™ is 91/100 with 1 warning sign 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 HBL Engineering (NSE:HBLENGINE), the current Interest Coverage is 26.21 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 HBL Engineering (NSE:HBLENGINE) Overvalued in 2026?
Based on GuruFocus' analysis, HBL Engineering stock appears to be undervalued.
The current stock price of ₹816.95 is trading 6.3% below its estimated GF Value™ of ₹871.52.
GuruFocus considers HBL Engineering to be Fairly Valued.
Key valuation signals for NSE:HBLENGINE:
Interest Coverage: 26.21 (114% above median its 10-year median of 12.23)
GF Value™: ₹871.52 vs. price of ₹816.95 (6.3% below fair value)
Industry Position: 76.7% above the Industrial Products median (#515 of 2322)
No single metric tells the full story. See the NSE:HBLENGINE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HBL Engineering Ltd manufactures, assembles, purchases, imports, exports, acquires, develops, and deals in India or abroad in all types of cells, batteries, energy storage devices, conversion and generation devices, appliances, gadgets, solar panels, electronics, electro-mechanical and metallurgical appliances, electro-plating of metals and alloys by electrolytic processes, compounds, cement, oil paints, pigments, and Others. The Company's segments include Industrial batteries, Defense and Aviation batteries, and Electronics segment.
91GF Score
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