Manilam Industries IndiaNSE:MANILAM -3.09%10 Interest Coverage is 3.13 as of Sep. 2025, which is 84% above its 10-year median of 1.70. GuruFocus rates NSE:MANILAM with a GF Score™ of 10/100. The stock has 6 warning signs investors should review. Among 306 Building Materials companies, Manilam Industries India ranks worse than 70.59% 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. Manilam Industries India's
Operating Income
for the
six
months ended in Sep. 2025 was ₹73.4 Mil. Manilam Industries India's Interest Expense for the
six
months ended in Sep. 2025 was ₹-23.4 Mil.
Manilam Industries India's interest coverage for the quarter that ended in Sep. 2025 was 3.13.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Manilam Industries India Ltd interest coverage is 3.13, which is low.
The historical rank and industry rank for Manilam Industries India's Interest Coverage or its related term are showing as below:
NSE:MANILAM'
s Interest Coverage Range Over the Past 10 Years
Min: 1.33 Med: 1.7 Max: 3.13
Current: 3.13
NSE:MANILAM's Interest Coverage is ranked worse than 70.59% of 306
companies
in the Building Materials industry
Industry Median: 6.62
vs NSE:MANILAM: 3.13
Manilam Industries India (NSE:MANILAM) 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 .
Manilam Industries India Interest Coverage Related Terms
Manilam Industries India Interest Coverage Historical Data
* 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.
Manilam Industries India Interest Coverage Chart
Manilam Industries India Annual Data
Trend
Mar23
Mar24
Mar25
Interest Coverage
1.33
1.70
2.84
Manilam Industries India Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Interest Coverage
N/A
N/A
N/A
3.13
NSE:MANILAM vs CRH, VMC, MLM: Interest Coverage Comparison
For the Building Materials subindustry, Manilam Industries 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.
Manilam Industries India Interest Coverage vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Manilam Industries India's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Manilam Industries India's Interest Coverage falls into.
Manilam Industries 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.
Manilam Industries India (NSE:MANILAM) has a Interest Coverage of 3.13 as of Sep. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Manilam Industries India and its competitors. This is 84% above median its historical median of 1.70. Over the past decade, Manilam Industries India's Interest Coverage has ranged from 1.33 to 3.13. According to the industry distribution chart, Manilam Industries India ranks #216 out of 306 companies in the Building Materials industry, placing it in the top 70.6%.
Is Manilam Industries India's Interest Coverage too high?
Manilam Industries India's current Interest Coverage of 3.13 is 84% above median its 10-year median of 1.70. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 3.13. The Building Materials industry median Interest Coverage is 6.62. Manilam Industries India's value of 3.13 is 52.7% below this industry median. Based on the distribution chart, Manilam Industries India ranks #216 out of 306 companies in the Building Materials industry, which is below the industry midpoint. Overall, Manilam Industries India has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Manilam Industries India's Interest Coverage compare to CRH and VMC?
According to the Building Materials industry distribution chart, Manilam Industries India ranks #216 out of 306 companies for Interest Coverage. This places Manilam Industries India in the lower half of its industry. The industry median Interest Coverage is 6.62. Manilam Industries India's value of 3.13 is 52.7% below this benchmark. Historically, Manilam Industries India's own Interest Coverage has ranged from 1.33 to 3.13 over the past decade. While the company's 10-year median is 1.70 vs. the industry median of 6.62, Manilam Industries 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 Building Materials company?
The median Interest Coverage among Building Materials companies is 6.62, based on 306 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. Manilam Industries India's current Interest Coverage of 3.13 is 52.7% 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 Manilam Industries India and its competitors. For the Building Materials industry, the median Interest Coverage is 6.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manilam Industries India's current Interest Coverage is 3.13, which is 84% above median its own 10-year median of 1.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manilam Industries India stock overvalued right now?
Manilam Industries India (NSE:MANILAM) has a current Interest Coverage of 3.13. The current Interest Coverage is 3.13, which is 84% above median its 10-year median of 1.70 and 52.7% below the Building Materials industry median of 6.62. Manilam Industries India's overall GF Score™ is 10/100 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 Manilam Industries India (NSE:MANILAM), the current Interest Coverage is 3.13 as of Sep. 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.
Manilam Industries India Ltd is engaged in the manufacturing and sale of decorative laminates. Its product portfolio includes the Artistica Collection, the Vogue Collection, the Dwar Collection and the Magnificent Collection. Additionally, the company is involved in the trading of plywood serving the industrial and commercial sectors. It operates under the brand name "Manilam". The majority of the company's revenue is derived from the sale of laminates across India. The reportable segments: Within India, and Outside India, of which it derives maximum revenue from India.
10GF Score
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