Mangalam AlloysNSE:MAL +0.89%38 Interest Coverage is 2.72 as of Mar. 2025. GuruFocus rates NSE:MAL with a GF Score™ of 38/100. Among 456 Steel companies, Mangalam Alloys ranks worse than 76.54% 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. Mangalam Alloys's
Operating Income
for the
six
months ended in Mar. 2025 was ₹356 Mil. Mangalam Alloys's Interest Expense for the
six
months ended in Mar. 2025 was ₹-131 Mil.
Mangalam Alloys's interest coverage for the quarter that ended in Mar. 2025 was 2.72.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Mangalam Alloys's Interest Coverage or its related term are showing as below:
NSE:MAL's Interest Coverage is not ranked *
in the Steel industry.
Industry Median: 4.445 * Ranked among companies with meaningful Interest Coverage only.
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 .
Mangalam Alloys Interest Coverage Related Terms
Mangalam Alloys Interest Coverage Historical Data
* Premium members only.
The historical data trend for Mangalam 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:MAL vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, Mangalam 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.
Mangalam Alloys Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, Mangalam Alloys's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Mangalam 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.
Mangalam Alloys (NSE:MAL) has a Interest Coverage of 2.72 as of Mar. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Mangalam Alloys and its competitors. According to the industry distribution chart, Mangalam Alloys ranks #349 out of 456 companies in the Steel industry, placing it in the top 76.5%.
Is Mangalam Alloys' Interest Coverage too high?
Mangalam Alloys' current Interest Coverage is 2.72. The Steel industry median Interest Coverage is 4.45. Mangalam Alloys' value of 2.72 is 38.8% below this industry median. Based on the distribution chart, Mangalam Alloys ranks #349 out of 456 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Mangalam Alloys has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Mangalam Alloys' Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, Mangalam Alloys ranks #349 out of 456 companies for Interest Coverage. This places Mangalam Alloys in the lower half of its industry. The industry median Interest Coverage is 4.45. Mangalam Alloys' value of 2.72 is 38.8% below this benchmark. 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. Mangalam Alloys's current Interest Coverage of 2.72 is 38.8% 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 Mangalam 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. Mangalam Alloys's current Interest Coverage is 2.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mangalam Alloys stock overvalued right now?
Mangalam Alloys (NSE:MAL) has a current Interest Coverage of 2.72. The current Interest Coverage is 2.72 and 38.8% below the Steel industry median of 4.45. Mangalam Alloys' overall GF Score™ is 38/100. 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 Mangalam Alloys (NSE:MAL), the current Interest Coverage is 2.72 as of Mar. 2025. 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.
Mangalam Alloys Ltd is engaged in the manufacturing and distribution of high-quality stainless steel products. It is a stainless steel melting unit. Its products include forging ingots, billets, black round bars, bright round bars, hexagonal and square bars, SS RCS, angle bars, fasteners, and others. It operates in one segment, stainless steel products.
38GF Score
Get the complete analysis for NSE:MAL
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:MAL has been successfully added to your 
