RaymondNSE:RAYMOND +1.62%68 Interest Coverage is 1.69 as of Mar. 2026, which is 9% above its 10-year median of 1.55. GuruFocus rates NSE:RAYMOND with a GF Score™ of 68/100 and a GF Value™ of ₹680.22 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,325 Industrial Products companies, Raymond ranks worse than 95.61% 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. Raymond's
Operating Income
for the
three
months ended in Mar. 2026 was ₹388 Mil. Raymond's Interest Expense for the
three
months ended in Mar. 2026 was ₹-230 Mil.
Raymond's interest coverage for the quarter that ended in Mar. 2026 was 1.69.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Raymond's Interest Coverage or its related term are showing as below:
NSE:RAYMOND'
s Interest Coverage Range Over the Past 10 Years
Min: 0.49 Med: 1.55 Max: 3.86
Current: 0.99
NSE:RAYMOND's Interest Coverage is ranked worse than 95.61% of 2325
companies
in the Industrial Products industry
Industry Median: 14.87
vs NSE:RAYMOND: 0.99
Raymond (NSE:RAYMOND) 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 .
Raymond Interest Coverage Related Terms
Raymond Interest Coverage Historical Data
* Premium members only.
The historical data trend for Raymond'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:RAYMOND vs GEV, ETN, PH: Interest Coverage Comparison
For the Specialty Industrial Machinery subindustry, Raymond'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.
Raymond Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Raymond's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Raymond'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.
Raymond (NSE:RAYMOND) has a Interest Coverage of 1.69 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Raymond and its competitors. This is near median its historical median of 1.55. Over the past decade, Raymond's Interest Coverage has ranged from 0.49 to 3.86. According to the industry distribution chart, Raymond ranks #2223 out of 2325 companies in the Industrial Products industry, placing it in the top 95.6%.
Is Raymond's Interest Coverage too high?
Raymond's current Interest Coverage of 1.69 is near median its 10-year median of 1.55. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 3.86. The Industrial Products industry median Interest Coverage is 14.87. Raymond's value of 1.69 is 88.6% below this industry median. Based on the distribution chart, Raymond ranks #2223 out of 2325 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Raymond has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Raymond's Interest Coverage compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Raymond ranks #2223 out of 2325 companies for Interest Coverage. This places Raymond in the lower half of its industry. The industry median Interest Coverage is 14.87. Raymond's value of 1.69 is 88.6% below this benchmark. Historically, Raymond's own Interest Coverage has ranged from 0.49 to 3.86 over the past decade. While the company's 10-year median is 1.55 vs. the industry median of 14.87, Raymond 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 14.87, 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. Raymond's current Interest Coverage of 1.69 is 88.6% 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 Raymond and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Raymond's current Interest Coverage is 1.69, which is near median its own 10-year median of 1.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Raymond stock overvalued right now?
Based on GuruFocus' analysis, Raymond (NSE:RAYMOND) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹680.22, compared to a current price of ₹591.25 — trading 13.1% below its estimated fair value. The current Interest Coverage is 1.69, which is near median its 10-year median of 1.55 and 88.6% below the Industrial Products industry median of 14.87. Raymond's overall GF Score™ is 68/100 with 6 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 Raymond (NSE:RAYMOND), the current Interest Coverage is 1.69 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 Raymond (NSE:RAYMOND) Overvalued in 2026?
Based on GuruFocus' analysis, Raymond stock appears to be undervalued.
The current stock price of ₹591.25 is trading 13.1% below its estimated GF Value™ of ₹680.22.
GuruFocus considers Raymond to be Modestly Undervalued.
Key valuation signals for NSE:RAYMOND:
Interest Coverage: 1.69 (near median its 10-year median of 1.55)
GF Value™: ₹680.22 vs. price of ₹591.25 (13.1% below fair value)
Industry Position: 88.6% below the Industrial Products median (#2223 of 2325)
No single metric tells the full story. See the NSE:RAYMOND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Raymond Ltd is an Indian based company. The company's operating segment includes Tools and Hardware, Auto components, Precision, and Others: Job processing and non-scheduled airline operations. The company generates the majority of its revenue from the Precision segment. Geographically, the company generates key revenue from foreign operations.
68GF Score
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