Polysil Irrigation Systems (NSE:POLYSIL) Interest Coverage: 0.27 (As of Mar. 2025) — 87% Below Median


NSE:POLYSIL Polysil Irrigation Systems Ltd NSE:POLYSIL
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What is Polysil Irrigation Systems Interest Coverage?

Polysil Irrigation Systems NSE:POLYSIL -2.30% 7 Interest Coverage is 0.27 as of Mar. 2025, which is 87% below its 10-year median of 2.14. GuruFocus rates NSE:POLYSIL with a GF Score™ of 7/100. The stock has 10 warning signs investors should review. Among 2,325 Industrial Products companies, Polysil Irrigation Systems ranks worse than 98.71% 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. Polysil Irrigation Systems's Operating Income for the six months ended in Mar. 2025 was ₹4.6 Mil. Polysil Irrigation Systems's Interest Expense for the six months ended in Mar. 2025 was ₹-17.2 Mil. Polysil Irrigation Systems's interest coverage for the quarter that ended in Mar. 2025 was 0.27. 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. Polysil Irrigation Systems Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The historical rank and industry rank for Polysil Irrigation Systems's Interest Coverage or its related term are showing as below:

NSE:POLYSIL' s Interest Coverage Range Over the Past 10 Years
Min: 0.27   Med: 2.14   Max: 3.52
Current: 0.27


NSE:POLYSIL's Interest Coverage is ranked worse than
98.71% of 2325 companies
in the Industrial Products industry
Industry Median: 14.8 vs NSE:POLYSIL: 0.27

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


Polysil Irrigation Systems  (NSE:POLYSIL) 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 .


Polysil Irrigation Systems Interest Coverage Related Terms


Polysil Irrigation Systems Interest Coverage Historical Data

* Premium members only.

The historical data trend for Polysil Irrigation Systems'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.

Polysil Irrigation Systems Interest Coverage Chart

Polysil Irrigation Systems Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Interest Coverage
2.14 2.07 3.29 3.52 0.27

Polysil Irrigation Systems Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
Interest Coverage 2.14 2.07 3.29 3.52 0.27

NSE:POLYSIL vs GEV, ETN, PH: Interest Coverage Comparison

For the Specialty Industrial Machinery subindustry, Polysil Irrigation Systems'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.


Polysil Irrigation Systems Interest Coverage vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Polysil Irrigation Systems's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Polysil Irrigation Systems's Interest Coverage falls into.


NSE:POLYSIL
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Polysil Irrigation Systems Ltd NSE:POLYSIL
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Polysil Irrigation Systems 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.

Polysil Irrigation Systems's Interest Coverage for the fiscal year that ended in Mar. 2025 is calculated as

Here, for the fiscal year that ended in Mar. 2025, Polysil Irrigation Systems's Interest Expense was ₹-17.2 Mil. Its Operating Income was ₹4.6 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹5.4 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2025 )/Interest Expense (A: Mar. 2025 )
=-1*4.628/-17.201
=0.27

Polysil Irrigation Systems's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the six months ended in Mar. 2025, Polysil Irrigation Systems's Interest Expense was ₹-17.2 Mil. Its Operating Income was ₹4.6 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹5.4 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*4.628/-17.201
=0.27

* 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 0.27 mean?
Polysil Irrigation Systems (NSE:POLYSIL) has a Interest Coverage of 0.27 as of Mar. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Polysil Irrigation Systems and its competitors. This is 87% below median its historical median of 2.14. Over the past decade, Polysil Irrigation Systems' Interest Coverage has ranged from 0.27 to 3.52. According to the industry distribution chart, Polysil Irrigation Systems ranks #2295 out of 2325 companies in the Industrial Products industry, placing it in the top 98.7%.
Is Polysil Irrigation Systems' Interest Coverage too high?
Polysil Irrigation Systems' current Interest Coverage of 0.27 is 87% below median its 10-year median of 2.14. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 3.52. The Industrial Products industry median Interest Coverage is 14.80. Polysil Irrigation Systems' value of 0.27 is 98.2% below this industry median. Based on the distribution chart, Polysil Irrigation Systems ranks #2295 out of 2325 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Polysil Irrigation Systems has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Polysil Irrigation Systems' Interest Coverage compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Polysil Irrigation Systems ranks #2295 out of 2325 companies for Interest Coverage. This places Polysil Irrigation Systems in the lower half of its industry. The industry median Interest Coverage is 14.80. Polysil Irrigation Systems' value of 0.27 is 98.2% below this benchmark. Historically, Polysil Irrigation Systems' own Interest Coverage has ranged from 0.27 to 3.52 over the past decade. While the company's 10-year median is 2.14 vs. the industry median of 14.80, Polysil Irrigation Systems 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. Polysil Irrigation Systems's current Interest Coverage of 0.27 is 98.2% 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 Polysil Irrigation Systems 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. Polysil Irrigation Systems's current Interest Coverage is 0.27, which is 87% below median its own 10-year median of 2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polysil Irrigation Systems stock overvalued right now?
Polysil Irrigation Systems (NSE:POLYSIL) has a current Interest Coverage of 0.27. The current Interest Coverage is 0.27, which is 87% below median its 10-year median of 2.14 and 98.2% below the Industrial Products industry median of 14.80. Polysil Irrigation Systems' overall GF Score™ is 7/100 with 10 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 Polysil Irrigation Systems (NSE:POLYSIL), the current Interest Coverage is 0.27 as of Mar. 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.

Polysil Irrigation Systems Business Description

Address Survey No- 340/1, Beside Hystuff Steel, At Post Raniya, Taluka Savli, District Vadodara, Vadodara, GJ, IND, 391780
Polysil Irrigation Systems Ltd is an integrated player within the drip irrigation and sprinkler irrigation sectors, with a presence in the micro irrigation industry. Its product range includes HDPE Pipes, pipe fittings, and irrigation equipment, including disc filters, screen filters, hydro-cyclone filters, sand filters, compression fittings, valves, fertilizer tanks, digital controllers, pressure gauges, etc. These products are sold under the brand Polysil. The company sells its products through institutional markets and open market sales. It has one segment, which is High-Density Polyethylene Pipe (HDPE)/Linear Low Density Polyethylene Pipe (LLDPE)/Low Density Polyethylene Pipe (LDPE) and Micro irrigation Systems. Geographically, the company operates across different regions in India.
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