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. Kaynes Technology India's
Operating Income
for the
three
months ended in Mar. 2026 was ₹1,393 Mil. Kaynes Technology India's Interest Expense for the
three
months ended in Mar. 2026 was ₹-409 Mil.
Kaynes Technology India's interest coverage for the quarter that ended in Mar. 2026 was 3.41.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Kaynes Technology India's Interest Coverage or its related term are showing as below:
NSE:KAYNES'
s Interest Coverage Range Over the Past 10 Years
Min: 1.41 Med: 3.61 Max: 4.56
Current: 3.99
NSE:KAYNES's Interest Coverage is ranked worse than 78.16% of 1671
companies
in the Hardware industry
Industry Median: 13.67
vs NSE:KAYNES: 3.99
Kaynes Technology India (NSE:KAYNES) 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 .
Kaynes Technology India Interest Coverage Related Terms
Kaynes Technology India Interest Coverage Historical Data
* Premium members only.
The historical data trend for Kaynes Technology India'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:KAYNES vs APH, GLW: Interest Coverage Comparison
For the Electronic Components subindustry, Kaynes Technology India'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.
Kaynes Technology India Interest Coverage vs Hardware Industry
For the Hardware industry and Technology sector, Kaynes Technology India's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Kaynes Technology India's Interest Coverage falls into.
Kaynes Technology India 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.
Kaynes Technology India (NSE:KAYNES) has a Interest Coverage of 3.41 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Kaynes Technology India and its competitors. This is near median its historical median of 3.61. Over the past decade, Kaynes Technology India's Interest Coverage has ranged from 1.41 to 4.56. According to the industry distribution chart, Kaynes Technology India ranks #1306 out of 1671 companies in the Hardware industry, placing it in the top 78.2%.
Is Kaynes Technology India's Interest Coverage too high?
Kaynes Technology India's current Interest Coverage of 3.41 is near median its 10-year median of 3.61. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 4.56. The Hardware industry median Interest Coverage is 13.67. Kaynes Technology India's value of 3.41 is 75.1% below this industry median. Based on the distribution chart, Kaynes Technology India ranks #1306 out of 1671 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Kaynes Technology India has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kaynes Technology India's Interest Coverage compare to APH and GLW?
According to the Hardware industry distribution chart, Kaynes Technology India ranks #1306 out of 1671 companies for Interest Coverage. This places Kaynes Technology India in the lower half of its industry. The industry median Interest Coverage is 13.67. Kaynes Technology India's value of 3.41 is 75.1% below this benchmark. Historically, Kaynes Technology India's own Interest Coverage has ranged from 1.41 to 4.56 over the past decade. While the company's 10-year median is 3.61 vs. the industry median of 13.67, Kaynes Technology India 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 Hardware company?
The median Interest Coverage among Hardware companies is 13.67, based on 1,671 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. Kaynes Technology India's current Interest Coverage of 3.41 is 75.1% 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 Kaynes Technology India and its competitors. For the Hardware industry, the median Interest Coverage is 13.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kaynes Technology India's current Interest Coverage is 3.41, which is near median its own 10-year median of 3.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaynes Technology India stock overvalued right now?
Based on GuruFocus' analysis, Kaynes Technology India (NSE:KAYNES) is currently considered Possible Value Trap. The stock's GF Value™ is ₹6,765.35, compared to a current price of ₹3,333.80 — trading 50.7% below its estimated fair value. The current Interest Coverage is 3.41, which is near median its 10-year median of 3.61 and 75.1% below the Hardware industry median of 13.67. Kaynes Technology India's overall GF Score™ is 80/100 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 Kaynes Technology India (NSE:KAYNES), the current Interest Coverage is 3.41 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 Kaynes Technology India (NSE:KAYNES) Overvalued in 2026?
Based on GuruFocus' analysis, Kaynes Technology India stock appears to be undervalued.
The current stock price of ₹3,333.80 is trading 50.7% below its estimated GF Value™ of ₹6,765.35.
GuruFocus considers Kaynes Technology India to be Possible Value Trap.
Key valuation signals for NSE:KAYNES:
Interest Coverage: 3.41 (near median its 10-year median of 3.61)
GF Value™: ₹6,765.35 vs. price of ₹3,333.80 (50.7% below fair value)
Industry Position: 75.1% below the Hardware median (#1306 of 1671)
No single metric tells the full story. See the NSE:KAYNES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kaynes Technology India Ltd is an end-to-end and IoT solutions-enabled integrated electronics manufacturing company. The company provides conceptual design, process engineering, integrated manufacturing, and life-cycle support for players in the automotive, industrial, aerospace and defense, outer-space, nuclear, medical, railways, Internet of Things, Information Technology and other segments. The Company operates predominantly in one business segment which is Electronics Manufacturing Services.
80GF Score
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