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. Spectrum Electrical Industries's
Operating Income
for the
three
months ended in Dec. 2025 was ₹160 Mil. Spectrum Electrical Industries's Interest Expense for the
three
months ended in Dec. 2025 was ₹-48 Mil.
Spectrum Electrical Industries's interest coverage for the quarter that ended in Dec. 2025 was 3.31.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Spectrum Electrical Industries's Interest Coverage or its related term are showing as below:
NSE:SPECTRUM'
s Interest Coverage Range Over the Past 10 Years
Min: 1.74 Med: 2.61 Max: 4.01
Current: 4.01
NSE:SPECTRUM's Interest Coverage is ranked worse than 77.9% of 2321
companies
in the Industrial Products industry
Industry Median: 14.8
vs NSE:SPECTRUM: 4.01
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 .
Spectrum Electrical Industries Interest Coverage Related Terms
Spectrum Electrical Industries 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.
NSE:SPECTRUM vs VRT, BE: Interest Coverage Comparison
For the Electrical Equipment & Parts subindustry, Spectrum Electrical Industries'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.
Spectrum Electrical Industries Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Spectrum Electrical Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Spectrum Electrical Industries'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.
Spectrum Electrical Industries (NSE:SPECTRUM) has a Interest Coverage of 3.31 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Spectrum Electrical Industries and its competitors. This is 27% above median its historical median of 2.61. Over the past decade, Spectrum Electrical Industries' Interest Coverage has ranged from 1.74 to 4.01. According to the industry distribution chart, Spectrum Electrical Industries ranks #1808 out of 2321 companies in the Industrial Products industry, placing it in the top 77.9%.
Is Spectrum Electrical Industries' Interest Coverage too high?
Spectrum Electrical Industries' current Interest Coverage of 3.31 is 27% above median its 10-year median of 2.61. Over the past 10 years, this metric has ranged from a low of 1.74 to a high of 4.01. The Industrial Products industry median Interest Coverage is 14.80. Spectrum Electrical Industries' value of 3.31 is 77.6% below this industry median. Based on the distribution chart, Spectrum Electrical Industries ranks #1808 out of 2321 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Spectrum Electrical Industries has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spectrum Electrical Industries' Interest Coverage compare to VRT and BE?
According to the Industrial Products industry distribution chart, Spectrum Electrical Industries ranks #1808 out of 2321 companies for Interest Coverage. This places Spectrum Electrical Industries in the lower half of its industry. The industry median Interest Coverage is 14.80. Spectrum Electrical Industries' value of 3.31 is 77.6% below this benchmark. Historically, Spectrum Electrical Industries' own Interest Coverage has ranged from 1.74 to 4.01 over the past decade. While the company's 10-year median is 2.61 vs. the industry median of 14.80, Spectrum Electrical Industries 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 an Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.80, based on 2,321 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. Spectrum Electrical Industries's current Interest Coverage of 3.31 is 77.6% 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 Spectrum Electrical Industries and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spectrum Electrical Industries's current Interest Coverage is 3.31, which is 27% above median its own 10-year median of 2.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spectrum Electrical Industries stock overvalued right now?
Based on GuruFocus' analysis, Spectrum Electrical Industries (NSE:SPECTRUM) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,241.09, compared to a current price of ₹1,946.70 — trading 13.1% below its estimated fair value. The current Interest Coverage is 3.31, which is 27% above median its 10-year median of 2.61 and 77.6% below the Industrial Products industry median of 14.80. Spectrum Electrical Industries' overall GF Score™ is 88/100 with 5 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 Spectrum Electrical Industries (NSE:SPECTRUM), the current Interest Coverage is 3.31 as of Dec. 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.
Is Spectrum Electrical Industries (NSE:SPECTRUM) Overvalued in 2026?
Based on GuruFocus' analysis, Spectrum Electrical Industries stock appears to be undervalued.
The current stock price of ₹1,946.70 is trading 13.1% below its estimated GF Value™ of ₹2,241.09.
GuruFocus considers Spectrum Electrical Industries to be Modestly Undervalued.
Key valuation signals for NSE:SPECTRUM:
Interest Coverage: 3.31 (27% above median its 10-year median of 2.61)
GF Value™: ₹2,241.09 vs. price of ₹1,946.70 (13.1% below fair value)
Industry Position: 77.6% below the Industrial Products median (#1808 of 2321)
No single metric tells the full story. See the NSE:SPECTRUM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spectrum Electrical Industries Business Description
Spectrum Electrical Industries Ltd is an India-based contract manufacturer and a component supplier. It is mainly engaged in the business of designing and manufacturing electrical, automobile, and irrigation components. It offers a range of electrical components, including miniature circuit breaker (MCB) base and cover, distribution board, alternating current (AC) Box, modular electric board panels, fancy angle holders, calipers, filter pumps, carrier, and filter tank. It also offers various services including surface coatings, metallic stamping, plastics molding, and designing new molds and dies, press tools. The company mainly offers its products in the Indian market, and it also exports some of its products.
88GF Score
Get the complete analysis for NSE:SPECTRUM
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:SPECTRUM has been successfully added to your 
