Ishan International (NSE:ISHAN) Interest Coverage: 0.08 (As of Mar. 2026) — 92% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:ISHAN Ishan International Ltd NSE:ISHAN
42 GF Score
Price ₹0.45
GF Value ₹0.45
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Ishan International Interest Coverage?

Ishan International NSE:ISHAN -10.00% 42 Interest Coverage is 0.08 as of Mar. 2026, which is 92% below its 10-year median of 1.01. GuruFocus rates NSE:ISHAN with a GF Score™ of 42/100 and a GF Value™ of ₹0.45 (Fairly Valued). The stock has 8 warning signs investors should review. Among 169 Farm & Heavy Construction Machinery companies, Ishan International ranks worse than 97.63% 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. Ishan International's Operating Income for the six months ended in Mar. 2026 was ₹0.2 Mil. Ishan International's Interest Expense for the six months ended in Mar. 2026 was ₹-2.0 Mil. Ishan International's interest coverage for the quarter that ended in Mar. 2026 was 0.08. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Ishan International's Interest Coverage or its related term are showing as below:

NSE:ISHAN' s Interest Coverage Range Over the Past 10 Years
Min: 0.39   Med: 1.01   Max: 4.46
Current: 0.39


NSE:ISHAN's Interest Coverage is ranked worse than
97.63% of 169 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 9.34 vs NSE:ISHAN: 0.39

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Ishan International  (NSE:ISHAN) 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 .


Ishan International Interest Coverage Related Terms


Ishan International Interest Coverage Historical Data

* Premium members only.

The historical data trend for Ishan International'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.

Ishan International Interest Coverage Chart

Ishan International Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial 3.51 4.46 1.27 0.00 0.39

Ishan International Semi-Annual Data
Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.29 1.50 0.00 0.62 0.08

NSE:ISHAN vs CAT, DE, PCAR: Interest Coverage Comparison

For the Farm & Heavy Construction Machinery subindustry, Ishan 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.


Ishan International Interest Coverage vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Ishan International's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ishan International's Interest Coverage falls into.


NSE:ISHAN
42GF Score
Ishan International Ltd NSE:ISHAN
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ishan 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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ishan International's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Ishan International's Interest Expense was ₹-4.6 Mil. Its Operating Income was ₹1.8 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1.5 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*1.797/-4.583
=0.39

Ishan International's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, Ishan International's Interest Expense was ₹-2.0 Mil. Its Operating Income was ₹0.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1.5 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*0.155/-1.953
=0.08

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 0.08 mean?
Ishan International (NSE:ISHAN) has a Interest Coverage of 0.08 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ishan International and its competitors. This is 92% below median its historical median of 1.01. Over the past decade, Ishan International's Interest Coverage has ranged from 0.39 to 4.46. According to the industry distribution chart, Ishan International ranks #165 out of 169 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 97.6%.
Is Ishan International's Interest Coverage too high?
Ishan International's current Interest Coverage of 0.08 is 92% below median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 4.46. The Farm & Heavy Construction Machinery industry median Interest Coverage is 9.34. Ishan International's value of 0.08 is 99.1% below this industry median. Based on the distribution chart, Ishan International ranks #165 out of 169 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Ishan International has a GF Score™ of 42/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ishan International's Interest Coverage compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Ishan International ranks #165 out of 169 companies for Interest Coverage. This places Ishan International in the lower half of its industry. The industry median Interest Coverage is 9.34. Ishan International's value of 0.08 is 99.1% below this benchmark. Historically, Ishan International's own Interest Coverage has ranged from 0.39 to 4.46 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 9.34, Ishan 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 a Farm & Heavy Construction Machinery company?
The median Interest Coverage among Farm & Heavy Construction Machinery companies is 9.34, based on 169 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. Ishan International's current Interest Coverage of 0.08 is 99.1% 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 Ishan International and its competitors. For the Farm & Heavy Construction Machinery industry, the median Interest Coverage is 9.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ishan International's current Interest Coverage is 0.08, which is 92% below median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ishan International stock overvalued right now?
Based on GuruFocus' analysis, Ishan International (NSE:ISHAN) is currently considered Fairly Valued. The stock's GF Value™ is ₹0.45, compared to a current price of ₹0.45 — trading right at its estimated fair value. The current Interest Coverage is 0.08, which is 92% below median its 10-year median of 1.01 and 99.1% below the Farm & Heavy Construction Machinery industry median of 9.34. Ishan International's overall GF Score™ is 42/100 with 8 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 Ishan International (NSE:ISHAN), the current Interest Coverage is 0.08 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 Ishan International (NSE:ISHAN) Overvalued in 2026?

Based on GuruFocus' analysis, Ishan International stock appears to be undervalued. The current stock price of ₹0.45 is trading 0% below its estimated GF Value™ of ₹0.45. GuruFocus considers Ishan International to be Fairly Valued.

Key valuation signals for NSE:ISHAN:

  • Interest Coverage: 0.08 (92% below median its 10-year median of 1.01)
  • GF Value™: ₹0.45 vs. price of ₹0.45 (0% below fair value)
  • GF Score™: 42/100 with 8 warning signs
  • Industry Position: 99.1% below the Farm & Heavy Construction Machinery median (#165 of 169)

No single metric tells the full story. See the NSE:ISHAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ishan International Business Description

Address 1616, WTT Building, Sector 16, Noida, UP, IND, 201301
Ishan International Ltd is a heavy engineering company. It is engaged in the business of EPC contracting and building projects that focus on supplying machines, erection/installation, commissioning, and operational training for sugar plants, jaggery plants, pharmaceutical plants, hydropower plants, and pollution control systems. The company also provides high-end engineering services and solutions for all types of activities in Hydro Power, Sugar and Jaggery, Pharmaceuticals, and Pollution Control Systems.
42GF Score

Get the complete analysis for NSE:ISHAN

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹0.45
Price
₹0.45
GF Value