MIC ElectronicsNSE:MICEL +0.27%71 Interest Coverage is 6.85 as of Mar. 2026, which is 92% above its 10-year median of 3.57. GuruFocus rates NSE:MICEL with a GF Score™ of 71/100 and a GF Value™ of ₹208.21 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,672 Hardware companies, MIC Electronics ranks worse than 80.62% 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. MIC Electronics's
Operating Income
for the
three
months ended in Mar. 2026 was ₹124 Mil. MIC Electronics's Interest Expense for the
three
months ended in Mar. 2026 was ₹-18 Mil.
MIC Electronics's interest coverage for the quarter that ended in Mar. 2026 was 6.85.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for MIC Electronics's Interest Coverage or its related term are showing as below:
NSE:MICEL'
s Interest Coverage Range Over the Past 10 Years
Min: 2.49 Med: 3.57 Max: 7.57
Current: 3.57
NSE:MICEL's Interest Coverage is ranked worse than 80.62% of 1672
companies
in the Hardware industry
Industry Median: 13.73
vs NSE:MICEL: 3.57
MIC Electronics (NSE:MICEL) 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 .
MIC Electronics Interest Coverage Related Terms
MIC Electronics Interest Coverage Historical Data
* Premium members only.
The historical data trend for MIC Electronics'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:MICEL vs APH, GLW: Interest Coverage Comparison
For the Electronic Components subindustry, MIC Electronics'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.
MIC Electronics Interest Coverage vs Hardware Industry
For the Hardware industry and Technology sector, MIC Electronics's Interest Coverage distribution charts can be found below:
* The bar in red indicates where MIC Electronics'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.
MIC Electronics (NSE:MICEL) has a Interest Coverage of 6.85 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on MIC Electronics and its competitors. This is 92% above median its historical median of 3.57. Over the past decade, MIC Electronics' Interest Coverage has ranged from 2.49 to 7.57. According to the industry distribution chart, MIC Electronics ranks #1348 out of 1672 companies in the Hardware industry, placing it in the top 80.6%.
Is MIC Electronics' Interest Coverage too high?
MIC Electronics' current Interest Coverage of 6.85 is 92% above median its 10-year median of 3.57. Over the past 10 years, this metric has ranged from a low of 2.49 to a high of 7.57. The Hardware industry median Interest Coverage is 13.73. MIC Electronics' value of 6.85 is 50.1% below this industry median. Based on the distribution chart, MIC Electronics ranks #1348 out of 1672 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, MIC Electronics has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MIC Electronics' Interest Coverage compare to APH and GLW?
According to the Hardware industry distribution chart, MIC Electronics ranks #1348 out of 1672 companies for Interest Coverage. This places MIC Electronics in the lower half of its industry. The industry median Interest Coverage is 13.73. MIC Electronics' value of 6.85 is 50.1% below this benchmark. Historically, MIC Electronics' own Interest Coverage has ranged from 2.49 to 7.57 over the past decade. While the company's 10-year median is 3.57 vs. the industry median of 13.73, MIC Electronics 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 Hardware company?
The median Interest Coverage among Hardware companies is 13.73, based on 1,672 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. MIC Electronics's current Interest Coverage of 6.85 is 50.1% 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 MIC Electronics and its competitors. For the Hardware industry, the median Interest Coverage is 13.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIC Electronics's current Interest Coverage is 6.85, which is 92% above median its own 10-year median of 3.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIC Electronics stock overvalued right now?
Based on GuruFocus' analysis, MIC Electronics (NSE:MICEL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹208.21, compared to a current price of ₹40.26 — trading 80.7% below its estimated fair value. The current Interest Coverage is 6.85, which is 92% above median its 10-year median of 3.57 and 50.1% below the Hardware industry median of 13.73. MIC Electronics' overall GF Score™ is 71/100 with 2 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 MIC Electronics (NSE:MICEL), the current Interest Coverage is 6.85 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 MIC Electronics (NSE:MICEL) Overvalued in 2026?
Based on GuruFocus' analysis, MIC Electronics stock appears to be undervalued.
The current stock price of ₹40.26 is trading 80.7% below its estimated GF Value™ of ₹208.21.
GuruFocus considers MIC Electronics to be Possible Value Trap.
Key valuation signals for NSE:MICEL:
Interest Coverage: 6.85 (92% above median its 10-year median of 3.57)
GF Value™: ₹208.21 vs. price of ₹40.26 (80.7% below fair value)
Industry Position: 50.1% below the Hardware median (#1348 of 1672)
No single metric tells the full story. See the NSE:MICEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MIC Electronics Ltd designs, develops, and manufactures light-emitting diode (LED) video displays, and other electronic components. The operating segments of the group are LED products; Medical appliances and E Vehicles. Its products include LED lighting, LED displays, Oxygen concentrators, and Batteries. The company predominantly operates in India.
71GF Score
Get the complete analysis for NSE:MICEL
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