Shri Hare-Krishna Sponge IronNSE:SHKSIL 31 Interest Coverage is 1.05 as of Mar. 2026, which is 99% below its 10-year median of 123.35. GuruFocus rates NSE:SHKSIL with a GF Score™ of 31/100. The stock has 7 warning signs investors should review. Among 457 Steel companies, Shri Hare-Krishna Sponge Iron ranks better than 71.77% 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. Shri Hare-Krishna Sponge Iron's
Operating Income
for the
six
months ended in Mar. 2026 was ₹2.1 Mil. Shri Hare-Krishna Sponge Iron's Interest Expense for the
six
months ended in Mar. 2026 was ₹-2.1 Mil.
Shri Hare-Krishna Sponge Iron's interest coverage for the quarter that ended in Mar. 2026 was 1.05.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Shri Hare-Krishna Sponge Iron's Interest Coverage or its related term are showing as below:
NSE:SHKSIL'
s Interest Coverage Range Over the Past 10 Years
Min: 14.9 Med: 123.35 Max: 161.64
Current: 14.9
NSE:SHKSIL's Interest Coverage is ranked better than 71.77% of 457
companies
in the Steel industry
Industry Median: 4.41
vs NSE:SHKSIL: 14.90
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) 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 .
Shri Hare-Krishna Sponge Iron Interest Coverage Related Terms
Shri Hare-Krishna Sponge Iron Interest Coverage Historical Data
* 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.
Shri Hare-Krishna Sponge Iron Interest Coverage Chart
NSE:SHKSIL vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, Shri Hare-Krishna Sponge Iron'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.
Shri Hare-Krishna Sponge Iron Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, Shri Hare-Krishna Sponge Iron's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Shri Hare-Krishna Sponge Iron's Interest Coverage falls into.
Shri Hare-Krishna Sponge Iron 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:
* 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.
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) has a Interest Coverage of 1.05 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Shri Hare-Krishna Sponge Iron and its competitors. This is 99% below median its historical median of 123.35. Over the past decade, Shri Hare-Krishna Sponge Iron's Interest Coverage has ranged from 14.90 to 161.64. According to the industry distribution chart, Shri Hare-Krishna Sponge Iron ranks #129 out of 457 companies in the Steel industry, placing it in the top 28.2%.
Is Shri Hare-Krishna Sponge Iron's Interest Coverage too high?
Shri Hare-Krishna Sponge Iron's current Interest Coverage of 1.05 is 99% below median its 10-year median of 123.35. Over the past 10 years, this metric has ranged from a low of 14.90 to a high of 161.64. The Steel industry median Interest Coverage is 4.41. Shri Hare-Krishna Sponge Iron's value of 1.05 is 76.2% below this industry median. Based on the distribution chart, Shri Hare-Krishna Sponge Iron ranks #129 out of 457 companies in the Steel industry, which is above the industry midpoint. Overall, Shri Hare-Krishna Sponge Iron has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Shri Hare-Krishna Sponge Iron's Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, Shri Hare-Krishna Sponge Iron ranks #129 out of 457 companies for Interest Coverage. This puts Shri Hare-Krishna Sponge Iron in the upper half of its industry. The industry median Interest Coverage is 4.41. Shri Hare-Krishna Sponge Iron's value of 1.05 is 76.2% below this benchmark. Historically, Shri Hare-Krishna Sponge Iron's own Interest Coverage has ranged from 14.90 to 161.64 over the past decade. While the company's 10-year median is 123.35 vs. the industry median of 4.41, Shri Hare-Krishna Sponge Iron 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 4.41, based on 457 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. Shri Hare-Krishna Sponge Iron's current Interest Coverage of 1.05 is 76.2% 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 Shri Hare-Krishna Sponge Iron and its competitors. For the Steel industry, the median Interest Coverage is 4.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shri Hare-Krishna Sponge Iron's current Interest Coverage is 1.05, which is 99% below median its own 10-year median of 123.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shri Hare-Krishna Sponge Iron stock overvalued right now?
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) has a current Interest Coverage of 1.05. The current Interest Coverage is 1.05, which is 99% below median its 10-year median of 123.35 and 76.2% below the Steel industry median of 4.41. Shri Hare-Krishna Sponge Iron's overall GF Score™ is 31/100 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 Shri Hare-Krishna Sponge Iron (NSE:SHKSIL), the current Interest Coverage is 1.05 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.
Shri Hare-Krishna Sponge Iron Business Description
Shri Hare-Krishna Sponge Iron Ltd is engaged in the business of manufacturing and selling of Sponge Iron. Sponge iron is mainly used as a raw material for steel production in electric arc furnaces and induction furnaces. Through its sponge iron business, it caters to the metallic requirements of steel producers in selected geographies.
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