JSW Dulux (NSE:JSWDULUX) Interest Coverage: 24.86 (As of Mar. 2026) — 47% Below Median


NSE:JSWDULUX JSW Dulux Ltd NSE:JSWDULUX
76 GF Score
Price ₹3,199.10
GF Value ₹2,943.08
Valuation Fairly Valued
! 6 Warning Signs
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What is JSW Dulux Interest Coverage?

JSW Dulux NSE:JSWDULUX -0.90% 76 Interest Coverage is 24.86 as of Mar. 2026, which is 47% below its 10-year median of 47.11. GuruFocus rates NSE:JSWDULUX with a GF Score™ of 76/100 and a GF Value™ of ₹2,943.08 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,237 Chemicals companies, JSW Dulux ranks better than 71.54% 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. JSW Dulux's Operating Income for the three months ended in Mar. 2026 was ₹1,069 Mil. JSW Dulux's Interest Expense for the three months ended in Mar. 2026 was ₹-43 Mil. JSW Dulux's interest coverage for the quarter that ended in Mar. 2026 was 24.86. The higher the ratio, the stronger the company's financial strength is.

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

NSE:JSWDULUX' s Interest Coverage Range Over the Past 10 Years
Min: 26.11   Med: 47.11   Max: 95.41
Current: 35.8


NSE:JSWDULUX's Interest Coverage is ranked better than
71.54% of 1237 companies
in the Chemicals industry
Industry Median: 10.21 vs NSE:JSWDULUX: 35.80

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


JSW Dulux  (NSE:JSWDULUX) 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 .


JSW Dulux Interest Coverage Related Terms


JSW Dulux Interest Coverage Historical Data

* Premium members only.

The historical data trend for JSW Dulux'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.

JSW Dulux Interest Coverage Chart

JSW Dulux Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.75 40.37 53.06 59.25 41.16

JSW Dulux Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 54.92 43.04 40.17 42.04 24.86

NSE:JSWDULUX vs LIN, SHW, ECL: Interest Coverage Comparison

For the Specialty Chemicals subindustry, JSW Dulux'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.


JSW Dulux Interest Coverage vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, JSW Dulux's Interest Coverage distribution charts can be found below:

* The bar in red indicates where JSW Dulux's Interest Coverage falls into.


NSE:JSWDULUX
76GF Score
JSW Dulux Ltd NSE:JSWDULUX
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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JSW Dulux 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.

JSW Dulux'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, JSW Dulux's Interest Expense was ₹-104 Mil. Its Operating Income was ₹4,281 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹631 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*4281/-104
=41.16

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

Here, for the three months ended in Mar. 2026, JSW Dulux's Interest Expense was ₹-43 Mil. Its Operating Income was ₹1,069 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹631 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*1069/-43
=24.86

* 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 24.86 mean?
JSW Dulux (NSE:JSWDULUX) has a Interest Coverage of 24.86 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on JSW Dulux and its competitors. This is 47% below median its historical median of 47.11. Over the past decade, JSW Dulux's Interest Coverage has ranged from 26.11 to 95.41. According to the industry distribution chart, JSW Dulux ranks #352 out of 1237 companies in the Chemicals industry, placing it in the top 28.5%.
Is JSW Dulux's Interest Coverage too high?
JSW Dulux's current Interest Coverage of 24.86 is 47% below median its 10-year median of 47.11. Over the past 10 years, this metric has ranged from a low of 26.11 to a high of 95.41. The Chemicals industry median Interest Coverage is 10.21. JSW Dulux's value of 24.86 is 143.5% above this industry median. Based on the distribution chart, JSW Dulux ranks #352 out of 1237 companies in the Chemicals industry, which is above the industry midpoint. Overall, JSW Dulux has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does JSW Dulux's Interest Coverage compare to LIN and SHW?
According to the Chemicals industry distribution chart, JSW Dulux ranks #352 out of 1237 companies for Interest Coverage. This puts JSW Dulux in the upper half of its industry. The industry median Interest Coverage is 10.21. JSW Dulux's value of 24.86 is 143.5% above this benchmark. Historically, JSW Dulux's own Interest Coverage has ranged from 26.11 to 95.41 over the past decade. While the company's 10-year median is 47.11 vs. the industry median of 10.21, JSW Dulux 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 Chemicals company?
The median Interest Coverage among Chemicals companies is 10.21, based on 1,237 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. JSW Dulux's current Interest Coverage of 24.86 is 143.5% 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 JSW Dulux and its competitors. For the Chemicals industry, the median Interest Coverage is 10.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JSW Dulux's current Interest Coverage is 24.86, which is 47% below median its own 10-year median of 47.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSW Dulux stock overvalued right now?
Based on GuruFocus' analysis, JSW Dulux (NSE:JSWDULUX) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,943.08, compared to a current price of ₹3,199.10 — trading 8.7% above its estimated fair value. The current Interest Coverage is 24.86, which is 47% below median its 10-year median of 47.11 and 143.5% above the Chemicals industry median of 10.21. JSW Dulux's overall GF Score™ is 76/100 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 JSW Dulux (NSE:JSWDULUX), the current Interest Coverage is 24.86 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 JSW Dulux (NSE:JSWDULUX) Overvalued in 2026?

Based on GuruFocus' analysis, JSW Dulux stock appears to be overvalued. The current stock price of ₹3,199.10 is trading 8.7% above its estimated GF Value™ of ₹2,943.08. GuruFocus considers JSW Dulux to be Fairly Valued.

Key valuation signals for NSE:JSWDULUX:

  • Interest Coverage: 24.86 (47% below median its 10-year median of 47.11)
  • GF Value™: ₹2,943.08 vs. price of ₹3,199.10 (8.7% above fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 143.5% above the Chemicals median (#352 of 1237)

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


JSW Dulux Business Description

Other Exchanges 500710:India
Address JSW Centre, Bandra Kurla Complex, Bandra East, Mumbai, MH, IND, 400051
JSW Dulux Ltd is engaged in the business of manufacturing, trading and selling paints and related products. The Company is principally engaged in the manufacturing of paints, coatings and allied products in India. It operates through the Paints segment. The Company generates maximum revenue from Domestic operations and also has Overseas operations.
76GF Score

Get the complete analysis for NSE:JSWDULUX

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

₹3,199.10
Price
₹2,943.08
GF Value