Maithan AlloysNSE:MAITHANALL -0.78%81 Interest Coverage is 7.18 as of Mar. 2026, which is 87% below its 10-year median of 54.44. GuruFocus rates NSE:MAITHANALL with a GF Score™ of 81/100 and a GF Value™ of ₹1,152.54 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 456 Steel companies, Maithan Alloys ranks better than 53.95% 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. Maithan Alloys's
Operating Income
for the
three
months ended in Mar. 2026 was ₹1,007 Mil. Maithan Alloys's Interest Expense for the
three
months ended in Mar. 2026 was ₹-140 Mil.
Maithan Alloys's interest coverage for the quarter that ended in Mar. 2026 was 7.18.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Maithan Alloys's Interest Coverage or its related term are showing as below:
NSE:MAITHANALL'
s Interest Coverage Range Over the Past 10 Years
Min: 5.35 Med: 54.44 Max: 908.08
Current: 5.35
NSE:MAITHANALL's Interest Coverage is ranked better than 53.95% of 456
companies
in the Steel industry
Industry Median: 4.445
vs NSE:MAITHANALL: 5.35
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 .
Maithan Alloys Interest Coverage Related Terms
Maithan Alloys Interest Coverage Historical Data
* Premium members only.
The historical data trend for Maithan Alloys'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:MAITHANALL vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, Maithan Alloys'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.
Maithan Alloys Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, Maithan Alloys's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Maithan Alloys'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.
Maithan Alloys (NSE:MAITHANALL) has a Interest Coverage of 7.18 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Maithan Alloys and its competitors. This is 87% below median its historical median of 54.44. Over the past decade, Maithan Alloys' Interest Coverage has ranged from 5.35 to 908.08. According to the industry distribution chart, Maithan Alloys ranks #210 out of 456 companies in the Steel industry, placing it in the top 46.1%.
Is Maithan Alloys' Interest Coverage too high?
Maithan Alloys' current Interest Coverage of 7.18 is 87% below median its 10-year median of 54.44. Over the past 10 years, this metric has ranged from a low of 5.35 to a high of 908.08. The Steel industry median Interest Coverage is 4.45. Maithan Alloys' value of 7.18 is 61.5% above this industry median. Based on the distribution chart, Maithan Alloys ranks #210 out of 456 companies in the Steel industry, which is above the industry midpoint. Overall, Maithan Alloys has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maithan Alloys' Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, Maithan Alloys ranks #210 out of 456 companies for Interest Coverage. This puts Maithan Alloys in the upper half of its industry. The industry median Interest Coverage is 4.45. Maithan Alloys' value of 7.18 is 61.5% above this benchmark. Historically, Maithan Alloys' own Interest Coverage has ranged from 5.35 to 908.08 over the past decade. While the company's 10-year median is 54.44 vs. the industry median of 4.45, Maithan Alloys 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 Steel company?
The median Interest Coverage among Steel companies is 4.45, based on 456 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. Maithan Alloys's current Interest Coverage of 7.18 is 61.5% 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 Maithan Alloys and its competitors. For the Steel industry, the median Interest Coverage is 4.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maithan Alloys's current Interest Coverage is 7.18, which is 87% below median its own 10-year median of 54.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maithan Alloys stock overvalued right now?
Based on GuruFocus' analysis, Maithan Alloys (NSE:MAITHANALL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,152.54, compared to a current price of ₹1,005.30 — trading 12.8% below its estimated fair value. The current Interest Coverage is 7.18, which is 87% below median its 10-year median of 54.44 and 61.5% above the Steel industry median of 4.45. Maithan Alloys' overall GF Score™ is 81/100 with 5 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 Maithan Alloys (NSE:MAITHANALL), the current Interest Coverage is 7.18 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 Maithan Alloys (NSE:MAITHANALL) Overvalued in 2026?
Based on GuruFocus' analysis, Maithan Alloys stock appears to be undervalued.
The current stock price of ₹1,005.30 is trading 12.8% below its estimated GF Value™ of ₹1,152.54.
GuruFocus considers Maithan Alloys to be Modestly Undervalued.
Key valuation signals for NSE:MAITHANALL:
Interest Coverage: 7.18 (87% below median its 10-year median of 54.44)
GF Value™: ₹1,152.54 vs. price of ₹1,005.30 (12.8% below fair value)
Industry Position: 61.5% above the Steel median (#210 of 456)
No single metric tells the full story. See the NSE:MAITHANALL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maithan Alloys Ltd is an India-based company engaged in the business of manufacturing and exporting all three bulk Ferroalloys- Ferro Manganese, Silico Manganese, and Ferro Silicon. It is also involved in the generation and supply of Wind Power and has a Captive Power Plant. Geographically the group has a business presence in India and Outside India, of which key revenue is derived from Outside India.
81GF Score
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