SPP PolymerNSE:SPPPOLY +3.05%23 Interest Coverage is 1.83 as of Mar. 2025, which is 11% below its 10-year median of 2.05. GuruFocus rates NSE:SPPPOLY with a GF Score™ of 23/100. The stock has 4 warning signs investors should review. Among 316 Packaging & Containers companies, SPP Polymer ranks worse than 80.7% 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. SPP Polymer's
Operating Income
for the
six
months ended in Mar. 2025 was ₹29 Mil. SPP Polymer's Interest Expense for the
six
months ended in Mar. 2025 was ₹-16 Mil.
SPP Polymer's interest coverage for the quarter that ended in Mar. 2025 was 1.83.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for SPP Polymer's Interest Coverage or its related term are showing as below:
NSE:SPPPOLY'
s Interest Coverage Range Over the Past 10 Years
Min: 0.81 Med: 2.05 Max: 5.46
Current: 1.83
NSE:SPPPOLY's Interest Coverage is ranked worse than 80.7% of 316
companies
in the Packaging & Containers industry
Industry Median: 6.125
vs NSE:SPPPOLY: 1.83
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 .
SPP Polymer Interest Coverage Related Terms
SPP Polymer Interest Coverage Historical Data
* Premium members only.
The historical data trend for SPP Polymer'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.
SPP Polymer Interest Coverage Chart
SPP Polymer Annual Data
Trend
Mar21
Mar22
Mar23
Mar24
Mar25
Interest Coverage
5.46
2.05
2.25
0.81
1.83
SPP Polymer Semi-Annual Data
Mar21
Mar22
Mar23
Mar24
Mar25
Interest Coverage
5.46
2.05
2.25
0.81
1.83
NSE:SPPPOLY vs SW, PKG, IP: Interest Coverage Comparison
For the Packaging & Containers subindustry, SPP Polymer'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.
SPP Polymer Interest Coverage vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, SPP Polymer's Interest Coverage distribution charts can be found below:
* The bar in red indicates where SPP Polymer'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.
SPP Polymer (NSE:SPPPOLY) has a Interest Coverage of 1.83 as of Mar. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on SPP Polymer and its competitors. This is 11% below median its historical median of 2.05. Over the past decade, SPP Polymer's Interest Coverage has ranged from 0.81 to 5.46. According to the industry distribution chart, SPP Polymer ranks #255 out of 316 companies in the Packaging & Containers industry, placing it in the top 80.7%.
Is SPP Polymer's Interest Coverage too high?
SPP Polymer's current Interest Coverage of 1.83 is 11% below median its 10-year median of 2.05. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 5.46. The Packaging & Containers industry median Interest Coverage is 6.13. SPP Polymer's value of 1.83 is 70.1% below this industry median. Based on the distribution chart, SPP Polymer ranks #255 out of 316 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, SPP Polymer has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does SPP Polymer's Interest Coverage compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, SPP Polymer ranks #255 out of 316 companies for Interest Coverage. This places SPP Polymer in the lower half of its industry. The industry median Interest Coverage is 6.13. SPP Polymer's value of 1.83 is 70.1% below this benchmark. Historically, SPP Polymer's own Interest Coverage has ranged from 0.81 to 5.46 over the past decade. While the company's 10-year median is 2.05 vs. the industry median of 6.13, SPP Polymer 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 Packaging & Containers company?
The median Interest Coverage among Packaging & Containers companies is 6.13, based on 316 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. SPP Polymer's current Interest Coverage of 1.83 is 70.1% 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 SPP Polymer and its competitors. For the Packaging & Containers industry, the median Interest Coverage is 6.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPP Polymer's current Interest Coverage is 1.83, which is 11% below median its own 10-year median of 2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPP Polymer stock overvalued right now?
SPP Polymer (NSE:SPPPOLY) has a current Interest Coverage of 1.83. The current Interest Coverage is 1.83, which is 11% below median its 10-year median of 2.05 and 70.1% below the Packaging & Containers industry median of 6.13. SPP Polymer's overall GF Score™ is 23/100 with 4 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 SPP Polymer (NSE:SPPPOLY), the current Interest Coverage is 1.83 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.
SPP Polymer Ltd is engaged in the business of manufacturing of HDPE/PP woven fabric & bags, non-woven fabrics & bags and PP Multifilament yarn. It offers packaging solutions to business-to-business (B2B) manufacturers catering to different industries such as cement, chemicals, food grains, sugars, polymers, agriculture, and others for the packaging of goods in big quantities.
23GF Score
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