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Maharashtra Seamless (NSE:MAHSEAMLES) Interest Coverage : 519.14 (As of Mar. 2025)


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What is Maharashtra Seamless Interest Coverage?

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. Maharashtra Seamless's Operating Income for the three months ended in Mar. 2025 was ₹2,596 Mil. Maharashtra Seamless's Interest Expense for the three months ended in Mar. 2025 was ₹-5 Mil. Maharashtra Seamless's interest coverage for the quarter that ended in Mar. 2025 was 519.14. 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. Maharashtra Seamless Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

NSE:MAHSEAMLES' s Interest Coverage Range Over the Past 10 Years
Min: 6.34   Med: 12   Max: 296.86
Current: 296.75


NSE:MAHSEAMLES's Interest Coverage is ranked better than
92.83% of 446 companies
in the Steel industry
Industry Median: 5.285 vs NSE:MAHSEAMLES: 296.75

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


Maharashtra Seamless Interest Coverage Historical Data

The historical data trend for Maharashtra Seamless'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.

* Premium members only.

Maharashtra Seamless Interest Coverage Chart

Maharashtra Seamless Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.76 12.00 28.64 131.25 296.86

Maharashtra Seamless Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 546.30 106.94 254.07 488.87 519.14

Competitive Comparison of Maharashtra Seamless's Interest Coverage

For the Steel subindustry, Maharashtra Seamless'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.


Maharashtra Seamless's Interest Coverage Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Maharashtra Seamless's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Maharashtra Seamless's Interest Coverage falls into.


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Maharashtra Seamless 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.

Maharashtra Seamless's Interest Coverage for the fiscal year that ended in Mar. 2025 is calculated as

Here, for the fiscal year that ended in Mar. 2025, Maharashtra Seamless's Interest Expense was ₹-28 Mil. Its Operating Income was ₹8,193 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2025 )/Interest Expense (A: Mar. 2025 )
=-1*8193.3/-27.6
=296.86

Maharashtra Seamless's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Maharashtra Seamless's Interest Expense was ₹-5 Mil. Its Operating Income was ₹2,596 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹1 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*2595.7/-5
=519.14

* 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.


Maharashtra Seamless  (NSE:MAHSEAMLES) 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 .


Maharashtra Seamless Interest Coverage Related Terms

Thank you for viewing the detailed overview of Maharashtra Seamless's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Maharashtra Seamless Business Description

Traded in Other Exchanges
Address
5 Pusa Road, 2nd Floor, New Delhi, IND, 110 005
Maharashtra Seamless Ltd is a steel pipe and tube manufacturer. The company's product portfolio consists of Electric Resistance Welded pipes which include Black and Galvanized pipes sold under the brand Jindal Star and Seamless Pipes and Tubes which include Hot finished, Cold drawn, and Pilgered pipes. Its products are used in various applications and sectors like Oil and Gas, Hydrocarbon, Power, Agriculture, Housing, and Infrastructure, among others. Its segments consist of Steel Pipes and Tubes and Power-Electricity, Rig, and Others. The majority of the revenue is derived from the sale of Steel Pipes and Tubes.

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