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. Techno Electric & Engineering Co's
Operating Income
for the
three
months ended in Mar. 2026 was ₹1,290 Mil. Techno Electric & Engineering Co's Interest Expense for the
three
months ended in Mar. 2026 was ₹-57 Mil.
Techno Electric & Engineering Co's interest coverage for the quarter that ended in Mar. 2026 was 22.82.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Techno Electric & Engineering Co's Interest Coverage or its related term are showing as below:
NSE:TECHNOE'
s Interest Coverage Range Over the Past 10 Years
Min: 3.41 Med: 25.16 Max: 205.42
Current: 23.09
NSE:TECHNOE's Interest Coverage is ranked better than 70.61% of 1354
companies
in the Construction industry
Industry Median: 7.81
vs NSE:TECHNOE: 23.09
Techno Electric & Engineering Co (NSE:TECHNOE) 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 .
Techno Electric & Engineering Co Interest Coverage Related Terms
Techno Electric & Engineering Co 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.
Techno Electric & Engineering Co Interest Coverage Chart
NSE:TECHNOE vs PWR, FIX, EME: Interest Coverage Comparison
For the Engineering & Construction subindustry, Techno Electric & Engineering Co'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.
Techno Electric & Engineering Co Interest Coverage vs Construction Industry
For the Construction industry and Industrials sector, Techno Electric & Engineering Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Techno Electric & Engineering Co's Interest Coverage falls into.
Techno Electric & Engineering Co 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:
* 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.
Techno Electric & Engineering Co (NSE:TECHNOE) has a Interest Coverage of 22.82 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Techno Electric & Engineering Co and its competitors. This is near median its historical median of 25.16. Over the past decade, Techno Electric & Engineering Co's Interest Coverage has ranged from 3.41 to 205.42. According to the industry distribution chart, Techno Electric & Engineering Co ranks #398 out of 1354 companies in the Construction industry, placing it in the top 29.4%.
Is Techno Electric & Engineering Co's Interest Coverage too high?
Techno Electric & Engineering Co's current Interest Coverage of 22.82 is near median its 10-year median of 25.16. Over the past 10 years, this metric has ranged from a low of 3.41 to a high of 205.42. The Construction industry median Interest Coverage is 7.81. Techno Electric & Engineering Co's value of 22.82 is 192.2% above this industry median. Based on the distribution chart, Techno Electric & Engineering Co ranks #398 out of 1354 companies in the Construction industry, which is above the industry midpoint. Overall, Techno Electric & Engineering Co 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 Techno Electric & Engineering Co's Interest Coverage compare to PWR and FIX?
According to the Construction industry distribution chart, Techno Electric & Engineering Co ranks #398 out of 1354 companies for Interest Coverage. This puts Techno Electric & Engineering Co in the upper half of its industry. The industry median Interest Coverage is 7.81. Techno Electric & Engineering Co's value of 22.82 is 192.2% above this benchmark. Historically, Techno Electric & Engineering Co's own Interest Coverage has ranged from 3.41 to 205.42 over the past decade. While the company's 10-year median is 25.16 vs. the industry median of 7.81, Techno Electric & Engineering Co has consistently been above 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 Construction company?
The median Interest Coverage among Construction companies is 7.81, based on 1,354 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. Techno Electric & Engineering Co's current Interest Coverage of 22.82 is 192.2% above 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 Techno Electric & Engineering Co and its competitors. For the Construction industry, the median Interest Coverage is 7.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techno Electric & Engineering Co's current Interest Coverage is 22.82, which is near median its own 10-year median of 25.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techno Electric & Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Techno Electric & Engineering Co (NSE:TECHNOE) is currently considered Possible Value Trap. The stock's GF Value™ is ₹1,930.13, compared to a current price of ₹1,050.20 — trading 45.6% below its estimated fair value. The current Interest Coverage is 22.82, which is near median its 10-year median of 25.16 and 192.2% above the Construction industry median of 7.81. Techno Electric & Engineering Co's overall GF Score™ is 85/100 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 Techno Electric & Engineering Co (NSE:TECHNOE), the current Interest Coverage is 22.82 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 Techno Electric & Engineering Co (NSE:TECHNOE) Overvalued in 2026?
Based on GuruFocus' analysis, Techno Electric & Engineering Co stock appears to be undervalued.
The current stock price of ₹1,050.20 is trading 45.6% below its estimated GF Value™ of ₹1,930.13.
GuruFocus considers Techno Electric & Engineering Co to be Possible Value Trap.
Key valuation signals for NSE:TECHNOE:
Interest Coverage: 22.82 (near median its 10-year median of 25.16)
GF Value™: ₹1,930.13 vs. price of ₹1,050.20 (45.6% below fair value)
Industry Position: 192.2% above the Construction median (#398 of 1354)
No single metric tells the full story. See the NSE:TECHNOE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Techno Electric & Engineering Co Business Description
Techno Electric & Engineering Co Ltd provides engineering, procurement, and construction services to the power sector, including generation, transmission, and distribution. The company is also engaged in the generation of wind power through wind turbine generators. Its business segments are EPC (Construction) and Others. The Engineering, Procurement, and Construction business, which generates the majority of the company's revenue, mainly provides solutions to several installed thermal and interregional transmission capacities in India.
85GF Score
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