Solex EnergyNSE:SOLEX -2.01%85 Interest Coverage is 8.64 as of Mar. 2026, which is 87% above its 10-year median of 4.61. GuruFocus rates NSE:SOLEX with a GF Score™ of 85/100 and a GF Value™ of ₹3,961.16 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 636 Semiconductors companies, Solex Energy ranks worse than 78.14% 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. Solex Energy's
Operating Income
for the
three
months ended in Mar. 2026 was ₹880 Mil. Solex Energy's Interest Expense for the
three
months ended in Mar. 2026 was ₹-102 Mil.
Solex Energy's interest coverage for the quarter that ended in Mar. 2026 was 8.64.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Solex Energy's Interest Coverage or its related term are showing as below:
NSE:SOLEX'
s Interest Coverage Range Over the Past 10 Years
Min: 1.92 Med: 4.61 Max: 15
Current: 4.79
NSE:SOLEX's Interest Coverage is ranked worse than 78.14% of 636
companies
in the Semiconductors industry
Industry Median: 20.225
vs NSE:SOLEX: 4.79
Solex Energy (NSE:SOLEX) 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 .
Solex Energy Interest Coverage Related Terms
Solex Energy Interest Coverage Historical Data
* Premium members only.
The historical data trend for Solex Energy'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:SOLEX vs FSLR, NXT, ENPH: Interest Coverage Comparison
For the Solar subindustry, Solex Energy'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.
Solex Energy Interest Coverage vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Solex Energy's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Solex Energy'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.
Solex Energy (NSE:SOLEX) has a Interest Coverage of 8.64 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Solex Energy and its competitors. This is 87% above median its historical median of 4.61. Over the past decade, Solex Energy's Interest Coverage has ranged from 1.92 to 15.00. According to the industry distribution chart, Solex Energy ranks #497 out of 636 companies in the Semiconductors industry, placing it in the top 78.1%.
Is Solex Energy's Interest Coverage too high?
Solex Energy's current Interest Coverage of 8.64 is 87% above median its 10-year median of 4.61. Over the past 10 years, this metric has ranged from a low of 1.92 to a high of 15.00. The Semiconductors industry median Interest Coverage is 20.23. Solex Energy's value of 8.64 is 57.3% below this industry median. Based on the distribution chart, Solex Energy ranks #497 out of 636 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Solex Energy has a GF Score™ of 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Solex Energy's Interest Coverage compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Solex Energy ranks #497 out of 636 companies for Interest Coverage. This places Solex Energy in the lower half of its industry. The industry median Interest Coverage is 20.23. Solex Energy's value of 8.64 is 57.3% below this benchmark. Historically, Solex Energy's own Interest Coverage has ranged from 1.92 to 15.00 over the past decade. While the company's 10-year median is 4.61 vs. the industry median of 20.23, Solex Energy 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 Semiconductors company?
The median Interest Coverage among Semiconductors companies is 20.23, based on 636 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. Solex Energy's current Interest Coverage of 8.64 is 57.3% 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 Solex Energy and its competitors. For the Semiconductors industry, the median Interest Coverage is 20.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solex Energy's current Interest Coverage is 8.64, which is 87% above median its own 10-year median of 4.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solex Energy stock overvalued right now?
Based on GuruFocus' analysis, Solex Energy (NSE:SOLEX) is currently considered Possible Value Trap. The stock's GF Value™ is ₹3,961.16, compared to a current price of ₹1,091.00 — trading 72.5% below its estimated fair value. The current Interest Coverage is 8.64, which is 87% above median its 10-year median of 4.61 and 57.3% below the Semiconductors industry median of 20.23. Solex Energy's overall GF Score™ is 85/100 with 3 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 Solex Energy (NSE:SOLEX), the current Interest Coverage is 8.64 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 Solex Energy (NSE:SOLEX) Overvalued in 2026?
Based on GuruFocus' analysis, Solex Energy stock appears to be undervalued.
The current stock price of ₹1,091.00 is trading 72.5% below its estimated GF Value™ of ₹3,961.16.
GuruFocus considers Solex Energy to be Possible Value Trap.
Key valuation signals for NSE:SOLEX:
Interest Coverage: 8.64 (87% above median its 10-year median of 4.61)
GF Value™: ₹3,961.16 vs. price of ₹1,091.00 (72.5% below fair value)
Industry Position: 57.3% below the Semiconductors median (#497 of 636)
No single metric tells the full story. See the NSE:SOLEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Solex Energy Ltd is a manufacturer of solar photovoltaic modules and is also engaged in the business of Engineering, Procurement, and Construction (EPC) in the solar energy market, where the manufactured modules are utilized. Its products are Tapi R, Tapi Trans, Tapi Series, Tapi Black, and Ganga.
85GF Score
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