Siddhi Cotspin (NSE:SIDDHICOTS) Interest Coverage: 4.17 (As of Mar. 2025) — 38% Above 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:SIDDHICOTS Siddhi Cotspin Ltd NSE:SIDDHICOTS
20 GF Score
Price ₹28.00
View Full Analysis

What is Siddhi Cotspin Interest Coverage?

Siddhi Cotspin NSE:SIDDHICOTS 20 Interest Coverage is 4.17 as of Mar. 2025, which is 38% above its 10-year median of 3.02. GuruFocus rates NSE:SIDDHICOTS with a GF Score™ of 20/100. Among 746 Manufacturing - Apparel & Accessories companies, Siddhi Cotspin ranks worse than 54.42% 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. Siddhi Cotspin's Operating Income for the six months ended in Mar. 2025 was ₹235 Mil. Siddhi Cotspin's Interest Expense for the six months ended in Mar. 2025 was ₹-56 Mil. Siddhi Cotspin's interest coverage for the quarter that ended in Mar. 2025 was 4.17. The higher the ratio, the stronger the company's financial strength is.

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

NSE:SIDDHICOTS' s Interest Coverage Range Over the Past 10 Years
Min: 1.51   Med: 3.02   Max: 4.17
Current: 4.17


NSE:SIDDHICOTS's Interest Coverage is ranked worse than
54.42% of 746 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.42 vs NSE:SIDDHICOTS: 4.17

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


Siddhi Cotspin  (NSE:SIDDHICOTS) 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 .


Siddhi Cotspin Interest Coverage Related Terms


Siddhi Cotspin Interest Coverage Historical Data

* Premium members only.

The historical data trend for Siddhi Cotspin'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.

Siddhi Cotspin Interest Coverage Chart

Siddhi Cotspin Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Interest Coverage
1.51 3.02 2.24 3.24 4.17

Siddhi Cotspin Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
Interest Coverage 1.51 3.02 2.24 3.24 4.17

Siddhi Cotspin Interest Coverage Competitor Comparison

For the Textile Manufacturing subindustry, Siddhi Cotspin'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.


Siddhi Cotspin Interest Coverage vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Siddhi Cotspin's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Siddhi Cotspin's Interest Coverage falls into.


NSE:SIDDHICOTS
20GF Score
Siddhi Cotspin Ltd NSE:SIDDHICOTS
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Siddhi Cotspin 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.

Siddhi Cotspin'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, Siddhi Cotspin's Interest Expense was ₹-56 Mil. Its Operating Income was ₹235 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹230 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2025 )/Interest Expense (A: Mar. 2025 )
=-1*235.092/-56.381
=4.17

Siddhi Cotspin's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the six months ended in Mar. 2025, Siddhi Cotspin's Interest Expense was ₹-56 Mil. Its Operating Income was ₹235 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹230 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*235.092/-56.381
=4.17

* 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 4.17 mean?
Siddhi Cotspin (NSE:SIDDHICOTS) has a Interest Coverage of 4.17 as of Mar. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Siddhi Cotspin and its competitors. This is 38% above median its historical median of 3.02. Over the past decade, Siddhi Cotspin's Interest Coverage has ranged from 1.51 to 4.17. According to the industry distribution chart, Siddhi Cotspin ranks #406 out of 746 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 54.4%.
Is Siddhi Cotspin's Interest Coverage too high?
Siddhi Cotspin's current Interest Coverage of 4.17 is 38% above median its 10-year median of 3.02. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 4.17. The Manufacturing - Apparel & Accessories industry median Interest Coverage is 5.42. Siddhi Cotspin's value of 4.17 is 23.1% below this industry median. Based on the distribution chart, Siddhi Cotspin ranks #406 out of 746 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Siddhi Cotspin has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Siddhi Cotspin's Interest Coverage compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Siddhi Cotspin ranks #406 out of 746 companies for Interest Coverage. This places Siddhi Cotspin in the lower half of its industry. The industry median Interest Coverage is 5.42. Siddhi Cotspin's value of 4.17 is 23.1% below this benchmark. Historically, Siddhi Cotspin's own Interest Coverage has ranged from 1.51 to 4.17 over the past decade. While the company's 10-year median is 3.02 vs. the industry median of 5.42, Siddhi Cotspin 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 Manufacturing - Apparel & Accessories company?
The median Interest Coverage among Manufacturing - Apparel & Accessories companies is 5.42, based on 746 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. Siddhi Cotspin's current Interest Coverage of 4.17 is 23.1% 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 Siddhi Cotspin and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Interest Coverage is 5.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siddhi Cotspin's current Interest Coverage is 4.17, which is 38% above median its own 10-year median of 3.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siddhi Cotspin stock overvalued right now?
Siddhi Cotspin (NSE:SIDDHICOTS) has a current Interest Coverage of 4.17. The current Interest Coverage is 4.17, which is 38% above median its 10-year median of 3.02 and 23.1% below the Manufacturing - Apparel & Accessories industry median of 5.42. Siddhi Cotspin's overall GF Score™ is 20/100. 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 Siddhi Cotspin (NSE:SIDDHICOTS), the current Interest Coverage is 4.17 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.

Siddhi Cotspin Business Description

Address Near Gokulesh Petrol Pump, 322, 3rd Floor, Swaminarayan Plaza - 1, Narol, Ahmedabad, GJ, IND, 382405
Siddhi Cotspin Ltd is engaged in manufacturing and selling of Cotton Yarns. Its manufacturing process adheres to stringent quality standards and is backed by developed technology and machinery. The company manufactures various value added cotton yarns like Compact Carded Hosiery, Compact Combed Hosiery, Compact Carded Weaving, Compact Comb Weaving, Carded Weaving, Combed Weaving, Carded Hosiery, Combed Hosiery, Eli KW, Eli CW, Slub Yarn, Siro Slub Yarn, CSY-Lycra-Core Spin Yarn (Spandex), TFO Yarn - Double etc.
20GF Score

Get the complete analysis for NSE:SIDDHICOTS

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

₹28.00
Price