Mangal Electrical IndustriesNSE:MEIL +1.98%18 Interest Coverage is 8.82 as of Mar. 2026, which is 103% above its 10-year median of 4.35. GuruFocus rates NSE:MEIL with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 2,325 Industrial Products companies, Mangal Electrical Industries ranks worse than 66.28% 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. Mangal Electrical Industries's
Operating Income
for the
three
months ended in Mar. 2026 was ₹160 Mil. Mangal Electrical Industries's Interest Expense for the
three
months ended in Mar. 2026 was ₹-18 Mil.
Mangal Electrical Industries's interest coverage for the quarter that ended in Mar. 2026 was 8.82.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Mangal Electrical Industries's Interest Coverage or its related term are showing as below:
NSE:MEIL'
s Interest Coverage Range Over the Past 10 Years
Min: 2.28 Med: 4.35 Max: 6.98
Current: 6.98
NSE:MEIL's Interest Coverage is ranked worse than 66.28% of 2325
companies
in the Industrial Products industry
Industry Median: 14.8
vs NSE:MEIL: 6.98
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 .
Mangal Electrical Industries Interest Coverage Related Terms
Mangal Electrical Industries 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.
For the Electrical Equipment & Parts subindustry, Mangal Electrical Industries'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.
Mangal Electrical Industries Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mangal Electrical Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Mangal Electrical Industries'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.
Mangal Electrical Industries (NSE:MEIL) has a Interest Coverage of 8.82 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Mangal Electrical Industries and its competitors. This is 103% above median its historical median of 4.35. Over the past decade, Mangal Electrical Industries' Interest Coverage has ranged from 2.28 to 6.98. According to the industry distribution chart, Mangal Electrical Industries ranks #1541 out of 2325 companies in the Industrial Products industry, placing it in the top 66.3%.
Is Mangal Electrical Industries' Interest Coverage too high?
Mangal Electrical Industries' current Interest Coverage of 8.82 is 103% above median its 10-year median of 4.35. Over the past 10 years, this metric has ranged from a low of 2.28 to a high of 6.98. The Industrial Products industry median Interest Coverage is 14.80. Mangal Electrical Industries' value of 8.82 is 40.4% below this industry median. Based on the distribution chart, Mangal Electrical Industries ranks #1541 out of 2325 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Mangal Electrical Industries has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Mangal Electrical Industries' Interest Coverage compare to VRT and BE?
According to the Industrial Products industry distribution chart, Mangal Electrical Industries ranks #1541 out of 2325 companies for Interest Coverage. This places Mangal Electrical Industries in the lower half of its industry. The industry median Interest Coverage is 14.80. Mangal Electrical Industries' value of 8.82 is 40.4% below this benchmark. Historically, Mangal Electrical Industries' own Interest Coverage has ranged from 2.28 to 6.98 over the past decade. While the company's 10-year median is 4.35 vs. the industry median of 14.80, Mangal Electrical Industries 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 an Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.80, based on 2,325 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. Mangal Electrical Industries's current Interest Coverage of 8.82 is 40.4% 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 Mangal Electrical Industries and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mangal Electrical Industries's current Interest Coverage is 8.82, which is 103% above median its own 10-year median of 4.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mangal Electrical Industries stock overvalued right now?
Mangal Electrical Industries (NSE:MEIL) has a current Interest Coverage of 8.82. The current Interest Coverage is 8.82, which is 103% above median its 10-year median of 4.35 and 40.4% below the Industrial Products industry median of 14.80. Mangal Electrical Industries' overall GF Score™ is 18/100 with 4 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 Mangal Electrical Industries (NSE:MEIL), the current Interest Coverage is 8.82 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.
Mangal Electrical Industries Ltd is mainly involved in the manufacturing of electrical transformers, CRGO, electrical accessories, and related items, and also executes EPC contracts involving electrical items. The company specializes in processing transformer components such as transformer laminations, CRGO slit coils, amorphous cores, coil and core assemblies, wound and toroidal cores, and oil-immersed circuit breakers. It also trades in CRGO and CRNO coils and amorphous ribbons. Additionally, the company manufactures transformers and customized products for the power infrastructure industry, with a range spanning from single-phase 5 KVA to three-phase 10 MVA units, and provides EPC services for setting up electrical substations serving the power sector.
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