Victory Electric Vehicles International (NSE:VICTORYEV) Interest Coverage: 6.45 (As of Sep. 2025) — 20% Below Median

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NSE:VICTORYEV Victory Electric Vehicles International Ltd NSE:VICTORYEV
18 GF Score
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What is Victory Electric Vehicles International Interest Coverage?

Victory Electric Vehicles International NSE:VICTORYEV +2.74% 18 Interest Coverage is 6.45 as of Sep. 2025, which is 20% below its 10-year median of 8.08. GuruFocus rates NSE:VICTORYEV with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 1,067 Vehicles & Parts companies, Victory Electric Vehicles International ranks worse than 56.23% 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. Victory Electric Vehicles International's Operating Income for the six months ended in Sep. 2025 was ₹24.9 Mil. Victory Electric Vehicles International's Interest Expense for the six months ended in Sep. 2025 was ₹-3.9 Mil. Victory Electric Vehicles International's interest coverage for the quarter that ended in Sep. 2025 was 6.45. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Victory Electric Vehicles International's Interest Coverage or its related term are showing as below:

NSE:VICTORYEV' s Interest Coverage Range Over the Past 10 Years
Min: 2.39   Med: 8.08   Max: 14.21
Current: 6.45


NSE:VICTORYEV's Interest Coverage is ranked worse than
56.23% of 1067 companies
in the Vehicles & Parts industry
Industry Median: 8.41 vs NSE:VICTORYEV: 6.45

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


Victory Electric Vehicles International  (NSE:VICTORYEV) 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 .


Victory Electric Vehicles International Interest Coverage Related Terms


Victory Electric Vehicles International Interest Coverage Historical Data

* Premium members only.

The historical data trend for Victory Electric Vehicles International'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.

Victory Electric Vehicles International Interest Coverage Chart

Victory Electric Vehicles International Annual Data
Trend Mar23 Mar24 Mar25
Interest Coverage
2.39 14.21 8.08

Victory Electric Vehicles International Semi-Annual Data
Mar23 Mar24 Mar25 Sep25
Interest Coverage N/A No Debt No Debt 6.45

NSE:VICTORYEV vs TSLA, GM, F: Interest Coverage Comparison

For the Auto Manufacturers subindustry, Victory Electric Vehicles International'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.


Victory Electric Vehicles International Interest Coverage vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Victory Electric Vehicles International's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Victory Electric Vehicles International's Interest Coverage falls into.


NSE:VICTORYEV
18GF Score
Victory Electric Vehicles International Ltd NSE:VICTORYEV
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Victory Electric Vehicles International 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.

Victory Electric Vehicles International'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, Victory Electric Vehicles International's Interest Expense was ₹-9.7 Mil. Its Operating Income was ₹78.3 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2025 )/Interest Expense (A: Mar. 2025 )
=-1*78.262/-9.683
=8.08

Victory Electric Vehicles International's Interest Coverage for the quarter that ended in Sep. 2025 is calculated as

Here, for the six months ended in Sep. 2025, Victory Electric Vehicles International's Interest Expense was ₹-3.9 Mil. Its Operating Income was ₹24.9 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2025 )/Interest Expense (Q: Sep. 2025 )
=-1*24.934/-3.863
=6.45

* 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 6.45 mean?
Victory Electric Vehicles International (NSE:VICTORYEV) has a Interest Coverage of 6.45 as of Sep. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Victory Electric Vehicles International and its competitors. This is 20% below median its historical median of 8.08. Over the past decade, Victory Electric Vehicles International's Interest Coverage has ranged from 2.39 to 14.21. According to the industry distribution chart, Victory Electric Vehicles International ranks #600 out of 1067 companies in the Vehicles & Parts industry, placing it in the top 56.2%.
Is Victory Electric Vehicles International's Interest Coverage too high?
Victory Electric Vehicles International's current Interest Coverage of 6.45 is 20% below median its 10-year median of 8.08. Over the past 10 years, this metric has ranged from a low of 2.39 to a high of 14.21. The Vehicles & Parts industry median Interest Coverage is 8.41. Victory Electric Vehicles International's value of 6.45 is 23.3% below this industry median. Based on the distribution chart, Victory Electric Vehicles International ranks #600 out of 1067 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Victory Electric Vehicles International has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Victory Electric Vehicles International's Interest Coverage compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Victory Electric Vehicles International ranks #600 out of 1067 companies for Interest Coverage. This places Victory Electric Vehicles International in the lower half of its industry. The industry median Interest Coverage is 8.41. Victory Electric Vehicles International's value of 6.45 is 23.3% below this benchmark. Historically, Victory Electric Vehicles International's own Interest Coverage has ranged from 2.39 to 14.21 over the past decade. While the company's 10-year median is 8.08 vs. the industry median of 8.41, Victory Electric Vehicles International 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 Vehicles & Parts company?
The median Interest Coverage among Vehicles & Parts companies is 8.41, based on 1,067 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. Victory Electric Vehicles International's current Interest Coverage of 6.45 is 23.3% 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 Victory Electric Vehicles International and its competitors. For the Vehicles & Parts industry, the median Interest Coverage is 8.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Victory Electric Vehicles International's current Interest Coverage is 6.45, which is 20% below median its own 10-year median of 8.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victory Electric Vehicles International stock overvalued right now?
Victory Electric Vehicles International (NSE:VICTORYEV) has a current Interest Coverage of 6.45. The current Interest Coverage is 6.45, which is 20% below median its 10-year median of 8.08 and 23.3% below the Vehicles & Parts industry median of 8.41. Victory Electric Vehicles International's overall GF Score™ is 18/100 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 Victory Electric Vehicles International (NSE:VICTORYEV), the current Interest Coverage is 6.45 as of Sep. 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.

Victory Electric Vehicles International Business Description

Address Plot no 6, Second Floor, A-5, Maa Bhagwati Apartment, Paschim Vihar, New Delhi, IND, 110063
Victory Electric Vehicles International Ltd is engaged in the business of manufacturing of battery operated electric rickshaws and electric scooters. The company's key offerings include solar rickshaws, Auto-rickshaws, Motor vehicles, Scooters, Motor-Scooters, three-wheelers, motor cycles, cycles automobiles, and motorcars. Its product segments include Two wheelers, Three wheelers, Passenger Vehicles, and Commercial Vehicles. The company generates the majority of revenue from the sale of Electric Vehicles, mainly from Three-Wheeler vehicle sales.
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