Rajputana Stainless (NSE:RSL) Interest Coverage: 3.88 (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:RSL Rajputana Stainless Ltd NSE:RSL
18 GF Score
Price ₹152.72
! 2 Warning Signs
View Full Analysis

What is Rajputana Stainless Interest Coverage?

Rajputana Stainless NSE:RSL -0.09% 18 Interest Coverage is 3.88 as of Mar. 2026, which is 7% below its 10-year median of 4.18. GuruFocus rates NSE:RSL with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 461 Steel companies, Rajputana Stainless ranks worse than 53.36% 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. Rajputana Stainless's Operating Income for the six months ended in Mar. 2026 was ₹412 Mil. Rajputana Stainless's Interest Expense for the six months ended in Mar. 2026 was ₹-106 Mil. Rajputana Stainless's interest coverage for the quarter that ended in Mar. 2026 was 3.88. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Rajputana Stainless's Interest Coverage or its related term are showing as below:

NSE:RSL' s Interest Coverage Range Over the Past 10 Years
Min: 3.81   Med: 4.18   Max: 4.28
Current: 4.11


NSE:RSL's Interest Coverage is ranked worse than
53.36% of 461 companies
in the Steel industry
Industry Median: 4.56 vs NSE:RSL: 4.11

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


Rajputana Stainless  (NSE:RSL) 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 .


Rajputana Stainless Interest Coverage Related Terms


Rajputana Stainless Interest Coverage Historical Data

* Premium members only.

The historical data trend for Rajputana Stainless'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.

Rajputana Stainless Interest Coverage Chart

Rajputana Stainless Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Interest Coverage
3.81 4.24 4.28 4.11

Rajputana Stainless Semi-Annual Data
Mar23 Mar24 Mar25 Sep25 Mar26
Interest Coverage N/A N/A N/A 4.37 3.88

NSE:RSL vs NUE, STLD, RS: Interest Coverage Comparison

For the Steel subindustry, Rajputana Stainless'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.


Rajputana Stainless Interest Coverage vs Steel Industry

For the Steel industry and Basic Materials sector, Rajputana Stainless's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Rajputana Stainless's Interest Coverage falls into.


NSE:RSL
18GF Score
Rajputana Stainless Ltd NSE:RSL
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rajputana Stainless 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.

Rajputana Stainless'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, Rajputana Stainless's Interest Expense was ₹-201 Mil. Its Operating Income was ₹826 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹27 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*825.504/-201.026
=4.11

Rajputana Stainless's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, Rajputana Stainless's Interest Expense was ₹-106 Mil. Its Operating Income was ₹412 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹27 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*412.255/-106.365
=3.88

* 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 3.88 mean?
Rajputana Stainless (NSE:RSL) has a Interest Coverage of 3.88 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Rajputana Stainless and its competitors. This is near median its historical median of 4.18. Over the past decade, Rajputana Stainless' Interest Coverage has ranged from 3.81 to 4.28. According to the industry distribution chart, Rajputana Stainless ranks #246 out of 461 companies in the Steel industry, placing it in the top 53.4%.
Is Rajputana Stainless' Interest Coverage too high?
Rajputana Stainless' current Interest Coverage of 3.88 is near median its 10-year median of 4.18. Over the past 10 years, this metric has ranged from a low of 3.81 to a high of 4.28. The Steel industry median Interest Coverage is 4.56. Rajputana Stainless' value of 3.88 is 14.9% below this industry median. Based on the distribution chart, Rajputana Stainless ranks #246 out of 461 companies in the Steel industry, which is below the industry midpoint. Overall, Rajputana Stainless has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Rajputana Stainless' Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, Rajputana Stainless ranks #246 out of 461 companies for Interest Coverage. This places Rajputana Stainless in the lower half of its industry. The industry median Interest Coverage is 4.56. Rajputana Stainless' value of 3.88 is 14.9% below this benchmark. Historically, Rajputana Stainless' own Interest Coverage has ranged from 3.81 to 4.28 over the past decade. While the company's 10-year median is 4.18 vs. the industry median of 4.56, Rajputana Stainless 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 Steel company?
The median Interest Coverage among Steel companies is 4.56, based on 461 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. Rajputana Stainless's current Interest Coverage of 3.88 is 14.9% 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 Rajputana Stainless and its competitors. For the Steel industry, the median Interest Coverage is 4.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rajputana Stainless's current Interest Coverage is 3.88, which is near median its own 10-year median of 4.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rajputana Stainless stock overvalued right now?
Rajputana Stainless (NSE:RSL) has a current Interest Coverage of 3.88. The current Interest Coverage is 3.88, which is near median its 10-year median of 4.18 and 14.9% below the Steel industry median of 4.56. Rajputana Stainless' overall GF Score™ is 18/100 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 Rajputana Stainless (NSE:RSL), the current Interest Coverage is 3.88 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.

Rajputana Stainless Business Description

Other Exchanges 544731:India
Address Halol Kalol Road, 213, Madhwas, Taluka Kalol, Panchmahal District, Panchmahal, GJ, IND, 389330
Rajputana Stainless Ltd is engaged in the business of manufacturing long and flat stainless-steel products comprising billets, forging ingots, rolled black bar, rolled bright bar, flat & patti, and other ancillary products under the brand name of RSL. Its products are used across a diverse range of industries, including bar processing, seamless pipes, forging, wire manufacturing, engineering, casting, fasteners, utensil manufacturing, pump and shaft, and the auto industry. The company operates in domestic as well as international markets, including Turkey, UAE, Poland, Portugal, USA, South Africa, South Korea, Czech Republic, and Kuwait. The majority of its revenue is derived from the sale of its products in the domestic market.
18GF Score

Get the complete analysis for NSE:RSL

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

₹152.72
Price