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. Milton Industries's
Operating Income
for the
six
months ended in Mar. 2024 was ₹59.2 Mil. Milton Industries's Interest Expense for the
six
months ended in Mar. 2024 was ₹-18.8 Mil.
Milton Industries's interest coverage for the quarter that ended in Mar. 2024 was 3.14.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Milton Industries's Interest Coverage or its related term are showing as below:
NSE:MILTON's Interest Coverage is not ranked *
in the Forest Products industry.
Industry Median: 3.97 * 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 .
Milton Industries Interest Coverage Related Terms
Milton Industries Interest Coverage Historical Data
* Premium members only.
The historical data trend for Milton Industries'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:MILTON vs SSD, UFPI, BCC: Interest Coverage Comparison
For the Lumber & Wood Production subindustry, Milton 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.
Milton Industries Interest Coverage vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Milton Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Milton 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.
Milton Industries (NSE:MILTON) has a Interest Coverage of 3.14 as of Mar. 2024. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Milton Industries and its competitors.
Is Milton Industries' Interest Coverage too high?
Milton Industries' current Interest Coverage is 3.14. The Forest Products industry median Interest Coverage is 3.97. Milton Industries' value of 3.14 is 20.9% below this industry median. Overall, Milton Industries has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Milton Industries' Interest Coverage compare to SSD and UFPI?
Milton Industries' Interest Coverage of 3.14 can be compared against companies in the Forest Products industry. The industry median Interest Coverage is 3.97. Milton Industries' value of 3.14 is 20.9% 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 Forest Products company?
The median Interest Coverage among Forest Products companies is 3.97, based on 182 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. Milton Industries's current Interest Coverage of 3.14 is 20.9% 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 Milton Industries and its competitors. For the Forest Products industry, the median Interest Coverage is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Milton Industries's current Interest Coverage is 3.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Milton Industries stock overvalued right now?
Milton Industries (NSE:MILTON) has a current Interest Coverage of 3.14. The current Interest Coverage is 3.14 and 20.9% below the Forest Products industry median of 3.97. Milton Industries' overall GF Score™ is 4/100. 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 Milton Industries (NSE:MILTON), the current Interest Coverage is 3.14 as of Mar. 2024. 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.
Milton Industries Ltd is engaged in the manufacturing of laminated sheets and other allied products. The firm produces artificial leather cloth and glass fiber reinforced epoxy (GFRE) sheets. It also manufactures, exports high-pressure laminates, industrial laminates, laminated boards, flooring laminates, artificial leather cloth, and other products. The business operates in three segments: Laminate, Rexine, and GFRE, of which the majority of the revenue comes from the GFRE division. The company's products are applicable on walls, doors, windows, cupboards, tabletops, hotels, cash counters and home kitchens. The majority of the revenue comes from the Indian market.
4GF Score
Get the complete analysis for NSE:MILTON
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:MILTON has been successfully added to your 
