Manglam Infra and Engineering (NSE:MIEL) Interest Coverage: 9.93 (As of Mar. 2026) — 29% Above Median

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NSE:MIEL Manglam Infra and Engineering Ltd NSE:MIEL
21 GF Score
Price ₹12.75
! 7 Warning Signs
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What is Manglam Infra and Engineering Interest Coverage?

Manglam Infra and Engineering NSE:MIEL 21 Interest Coverage is 9.93 as of Mar. 2026, which is 29% above its 10-year median of 7.68. GuruFocus rates NSE:MIEL with a GF Score™ of 21/100. The stock has 7 warning signs investors should review. Among 1,360 Construction companies, Manglam Infra and Engineering ranks worse than 55.15% 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. Manglam Infra and Engineering's Operating Income for the six months ended in Mar. 2026 was ₹19.0 Mil. Manglam Infra and Engineering's Interest Expense for the six months ended in Mar. 2026 was ₹-1.9 Mil. Manglam Infra and Engineering's interest coverage for the quarter that ended in Mar. 2026 was 9.93. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Manglam Infra and Engineering's Interest Coverage or its related term are showing as below:

NSE:MIEL' s Interest Coverage Range Over the Past 10 Years
Min: 6.34   Med: 7.68   Max: 33.41
Current: 6.34


NSE:MIEL's Interest Coverage is ranked worse than
55.15% of 1360 companies
in the Construction industry
Industry Median: 7.93 vs NSE:MIEL: 6.34

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Manglam Infra and Engineering  (NSE:MIEL) 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 .


Manglam Infra and Engineering Interest Coverage Related Terms


Manglam Infra and Engineering Interest Coverage Historical Data

* Premium members only.

The historical data trend for Manglam Infra and Engineering'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.

Manglam Infra and Engineering Interest Coverage Chart

Manglam Infra and Engineering Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
7.68 13.95 33.41 6.63 6.47

Manglam Infra and Engineering Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Interest Coverage Get a 7-Day Free Trial N/A 20.33 0.00 4.45 9.93

NSE:MIEL vs PWR, FIX, EME: Interest Coverage Comparison

For the Engineering & Construction subindustry, Manglam Infra and Engineering'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.


Manglam Infra and Engineering Interest Coverage vs Construction Industry

For the Construction industry and Industrials sector, Manglam Infra and Engineering's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Manglam Infra and Engineering's Interest Coverage falls into.


NSE:MIEL
21GF Score
Manglam Infra and Engineering Ltd NSE:MIEL
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Manglam Infra and Engineering 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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Manglam Infra and Engineering's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Manglam Infra and Engineering's Interest Expense was ₹-5.6 Mil. Its Operating Income was ₹36.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹8.5 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*35.976/-5.563
=6.47

Manglam Infra and Engineering's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, Manglam Infra and Engineering's Interest Expense was ₹-1.9 Mil. Its Operating Income was ₹19.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹8.5 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*19.011/-1.914
=9.93

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 9.93 mean?
Manglam Infra and Engineering (NSE:MIEL) has a Interest Coverage of 9.93 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Manglam Infra and Engineering and its competitors. This is 29% above median its historical median of 7.68. Over the past decade, Manglam Infra and Engineering's Interest Coverage has ranged from 6.34 to 33.41. According to the industry distribution chart, Manglam Infra and Engineering ranks #750 out of 1360 companies in the Construction industry, placing it in the top 55.1%.
Is Manglam Infra and Engineering's Interest Coverage too high?
Manglam Infra and Engineering's current Interest Coverage of 9.93 is 29% above median its 10-year median of 7.68. Over the past 10 years, this metric has ranged from a low of 6.34 to a high of 33.41. The Construction industry median Interest Coverage is 7.93. Manglam Infra and Engineering's value of 9.93 is 25.2% above this industry median. Based on the distribution chart, Manglam Infra and Engineering ranks #750 out of 1360 companies in the Construction industry, which is below the industry midpoint. Overall, Manglam Infra and Engineering has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Manglam Infra and Engineering's Interest Coverage compare to PWR and FIX?
According to the Construction industry distribution chart, Manglam Infra and Engineering ranks #750 out of 1360 companies for Interest Coverage. This places Manglam Infra and Engineering in the lower half of its industry. The industry median Interest Coverage is 7.93. Manglam Infra and Engineering's value of 9.93 is 25.2% above this benchmark. Historically, Manglam Infra and Engineering's own Interest Coverage has ranged from 6.34 to 33.41 over the past decade. While the company's 10-year median is 7.68 vs. the industry median of 7.93, Manglam Infra and Engineering 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 Construction company?
The median Interest Coverage among Construction companies is 7.93, based on 1,360 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. Manglam Infra and Engineering's current Interest Coverage of 9.93 is 25.2% 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 Manglam Infra and Engineering and its competitors. For the Construction industry, the median Interest Coverage is 7.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manglam Infra and Engineering's current Interest Coverage is 9.93, which is 29% above median its own 10-year median of 7.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manglam Infra and Engineering stock overvalued right now?
Manglam Infra and Engineering (NSE:MIEL) has a current Interest Coverage of 9.93. The current Interest Coverage is 9.93, which is 29% above median its 10-year median of 7.68 and 25.2% above the Construction industry median of 7.93. Manglam Infra and Engineering's overall GF Score™ is 21/100 with 7 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 Manglam Infra and Engineering (NSE:MIEL), the current Interest Coverage is 9.93 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.

Manglam Infra and Engineering Business Description

Address Hoshangabad Road, 115 & 116, Ganesh Nagar, Bhopal, MP, IND, 462026
Manglam Infra and Engineering Ltd is an infrastructure consultancy company. It is providing project management consultancy services, which include detailed project reports (DPRs), Supervision and quality control (SQC), and operation & maintenance (O & M) for Highways/Roads, Bridges, Tunnels, Buildings/Urban development. It caters to various state governments of Madhya Pradesh, Jammu & Kashmir, Bihar, Arunachal Pradesh, Jharkhand, Himachal Pradesh, Uttar Pradesh, Manipur, Nagaland, Maharashtra, Assam, Rajasthan, Uttarakhand, and Haryana, and the central government.
21GF Score

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Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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