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Shri Kanha StainlessNSE:SHRIKANHA +4.86%13 Interest Coverage is 3.93 as of Mar. 2026, which is 85% above its 10-year median of 2.13. GuruFocus rates NSE:SHRIKANHA with a GF Score™ of 13/100. The stock has 6 warning signs investors should review. Among 460 Steel companies, Shri Kanha Stainless ranks worse than 58.26% 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 Kanha Stainless's
Operating Income
for the
six
months ended in Mar. 2026 was ₹75 Mil. Shri Kanha Stainless's Interest Expense for the
six
months ended in Mar. 2026 was ₹-19 Mil.
Shri Kanha Stainless's interest coverage for the quarter that ended in Mar. 2026 was 3.93.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Shri Kanha Stainless's Interest Coverage or its related term are showing as below:
NSE:SHRIKANHA'
s Interest Coverage Range Over the Past 10 Years
Min: 0.91 Med: 2.13 Max: 3.65
Current: 3.65
NSE:SHRIKANHA's Interest Coverage is ranked worse than 58.26% of 460
companies
in the Steel industry
Industry Median: 4.565
vs NSE:SHRIKANHA: 3.65
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 Kanha Stainless Interest Coverage Related Terms
Shri Kanha Stainless Interest Coverage Historical Data
* Premium members only.
The historical data trend for Shri Kanha 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.
Shri Kanha Stainless Interest Coverage Chart
Shri Kanha Stainless Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Interest Coverage
0.91
1.77
2.49
3.63
Shri Kanha Stainless Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Mar26
Interest Coverage
N/A
N/A
2.69
3.43
3.93
NSE:SHRIKANHA vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, Shri Kanha 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.
Shri Kanha Stainless Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, Shri Kanha Stainless's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Shri Kanha Stainless'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.
Shri Kanha Stainless (NSE:SHRIKANHA) has a Interest Coverage of 3.93 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Shri Kanha Stainless and its competitors. This is 85% above median its historical median of 2.13. Over the past decade, Shri Kanha Stainless' Interest Coverage has ranged from 0.91 to 3.65. According to the industry distribution chart, Shri Kanha Stainless ranks #268 out of 460 companies in the Steel industry, placing it in the top 58.3%.
Is Shri Kanha Stainless' Interest Coverage too high?
Shri Kanha Stainless' current Interest Coverage of 3.93 is 85% above median its 10-year median of 2.13. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 3.65. The Steel industry median Interest Coverage is 4.57. Shri Kanha Stainless' value of 3.93 is 13.9% below this industry median. Based on the distribution chart, Shri Kanha Stainless ranks #268 out of 460 companies in the Steel industry, which is below the industry midpoint. Overall, Shri Kanha Stainless has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Shri Kanha Stainless' Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, Shri Kanha Stainless ranks #268 out of 460 companies for Interest Coverage. This places Shri Kanha Stainless in the lower half of its industry. The industry median Interest Coverage is 4.57. Shri Kanha Stainless' value of 3.93 is 13.9% below this benchmark. Historically, Shri Kanha Stainless' own Interest Coverage has ranged from 0.91 to 3.65 over the past decade. While the company's 10-year median is 2.13 vs. the industry median of 4.57, Shri Kanha 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 4.57, based on 460 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 Kanha Stainless's current Interest Coverage of 3.93 is 13.9% 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 Shri Kanha Stainless and its competitors. For the Steel industry, the median Interest Coverage is 4.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shri Kanha Stainless's current Interest Coverage is 3.93, which is 85% above median its own 10-year median of 2.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shri Kanha Stainless stock overvalued right now?
Shri Kanha Stainless (NSE:SHRIKANHA) has a current Interest Coverage of 3.93. The current Interest Coverage is 3.93, which is 85% above median its 10-year median of 2.13 and 13.9% below the Steel industry median of 4.57. Shri Kanha Stainless' overall GF Score™ is 13/100 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 Shri Kanha Stainless (NSE:SHRIKANHA), the current Interest Coverage is 3.93 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 Kanha Stainless Ltd is a manufacturer of precision stainless steel cold-rolled strips, offering a wide range of thin and ultra-thin variants designed to meet diverse industrial requirements. The company's products are widely used across various sectors, including the textile, automotive, and chemical industries, as well as in flexible tubes, capillary tubes, clocks, watches, and electrical equipment. Its key product offerings include Cold Rolling of Stainless-Steel Precision Strips (HR/CR SS Coil/Slitted), Stainless Steel Circle, and Stainless Steel Sheet. The company derives revenue from the sale of its products, mainly from the sale of HR/CR SS Coil/Slitted products.
13GF Score
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