HEGNSE:HEG -0.88%87 Interest Coverage is 15.52 as of Mar. 2026, which is 6% below its 10-year median of 16.54. GuruFocus rates NSE:HEG with a GF Score™ of 87/100 and a GF Value™ of ₹530.59 (Fairly Valued). Among 2,322 Industrial Products companies, HEG ranks better than 57.58% 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. HEG's
Operating Income
for the
three
months ended in Mar. 2026 was ₹1,664 Mil. HEG's Interest Expense for the
three
months ended in Mar. 2026 was ₹-107 Mil.
HEG's interest coverage for the quarter that ended in Mar. 2026 was 15.52.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for HEG's Interest Coverage or its related term are showing as below:
NSE:HEG'
s Interest Coverage Range Over the Past 10 Years
Min: 0.2 Med: 16.54 Max: 257.34
Current: 21.53
NSE:HEG's Interest Coverage is ranked better than 57.58% of 2322
companies
in the Industrial Products industry
Industry Median: 14.775
vs NSE:HEG: 21.53
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 .
HEG Interest Coverage Related Terms
HEG Interest Coverage Historical Data
* Premium members only.
The historical data trend for HEG'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.
For the Electrical Equipment & Parts subindustry, HEG'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.
HEG Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, HEG's Interest Coverage distribution charts can be found below:
* The bar in red indicates where HEG'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.
HEG (NSE:HEG) has a Interest Coverage of 15.52 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on HEG and its competitors. This is near median its historical median of 16.54. Over the past decade, HEG's Interest Coverage has ranged from 0.20 to 257.34. According to the industry distribution chart, HEG ranks #985 out of 2322 companies in the Industrial Products industry, placing it in the top 42.4%.
Is HEG's Interest Coverage too high?
HEG's current Interest Coverage of 15.52 is near median its 10-year median of 16.54. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 257.34. The Industrial Products industry median Interest Coverage is 14.78. HEG's value of 15.52 is 5% above this industry median. Based on the distribution chart, HEG ranks #985 out of 2322 companies in the Industrial Products industry, which is above the industry midpoint. Overall, HEG has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HEG's Interest Coverage compare to VRT and BE?
According to the Industrial Products industry distribution chart, HEG ranks #985 out of 2322 companies for Interest Coverage. This puts HEG in the upper half of its industry. The industry median Interest Coverage is 14.78. HEG's value of 15.52 is 5% above this benchmark. Historically, HEG's own Interest Coverage has ranged from 0.20 to 257.34 over the past decade. While the company's 10-year median is 16.54 vs. the industry median of 14.78, HEG 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 14.78, 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. HEG's current Interest Coverage of 15.52 is 5% 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 HEG and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HEG's current Interest Coverage is 15.52, which is near median its own 10-year median of 16.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HEG stock overvalued right now?
Based on GuruFocus' analysis, HEG (NSE:HEG) is currently considered Fairly Valued. The stock's GF Value™ is ₹530.59, compared to a current price of ₹526.65 — trading 0.7% below its estimated fair value. The current Interest Coverage is 15.52, which is near median its 10-year median of 16.54 and 5% above the Industrial Products industry median of 14.78. HEG's overall GF Score™ is 87/100. 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 HEG (NSE:HEG), the current Interest Coverage is 15.52 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 HEG (NSE:HEG) Overvalued in 2026?
Based on GuruFocus' analysis, HEG stock appears to be undervalued.
The current stock price of ₹526.65 is trading 0.7% below its estimated GF Value™ of ₹530.59.
GuruFocus considers HEG to be Fairly Valued.
Key valuation signals for NSE:HEG:
Interest Coverage: 15.52 (near median its 10-year median of 16.54)
GF Value™: ₹530.59 vs. price of ₹526.65 (0.7% below fair value)
Industry Position: 5% above the Industrial Products median (#985 of 2322)
No single metric tells the full story. See the NSE:HEG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HEG Ltd is a graphite electrode manufacturer. The company operates in business segments that include Graphite Electrodes, which manufactures graphite electrodes; and Power Generation, which comprises of generation of power for captive consumption and sale. The company generates the majority of its revenue from the Graphite Electrodes segment. It also focuses on carbon specialties. The export sales generate maximum revenue for the company.
87GF Score
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