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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. The Western India Plywoods's
Operating Income
for the
three
months ended in Mar. 2026 was ₹-8.7 Mil. The Western India Plywoods's Interest Expense for the
three
months ended in Mar. 2026 was ₹-3.1 Mil.
did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for The Western India Plywoods's Interest Coverage or its related term are showing as below:
NSE:WIPL'
s Interest Coverage Range Over the Past 10 Years
Min: 0.11 Med: 1.7 Max: 5.59
Current: 1.26
NSE:WIPL's Interest Coverage is ranked worse than 83.98% of 181
companies
in the Forest Products industry
Industry Median: 4.13
vs NSE:WIPL: 1.26
The Western India Plywoods (NSE:WIPL) 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 .
The Western India Plywoods Interest Coverage Related Terms
The Western India Plywoods 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.
The Western India Plywoods Interest Coverage Chart
NSE:WIPL vs SSD, UFPI, BCC: Interest Coverage Comparison
For the Lumber & Wood Production subindustry, The Western India Plywoods'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.
The Western India Plywoods Interest Coverage vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, The Western India Plywoods's Interest Coverage distribution charts can be found below:
* The bar in red indicates where The Western India Plywoods's Interest Coverage falls into.
The Western India Plywoods 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:
The Western India Plywoods did not have earnings to cover the 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.
What does a Interest Coverage of 0 (At Loss) mean?
The Western India Plywoods (NSE:WIPL) has a Interest Coverage of 0 (At Loss) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on The Western India Plywoods and its competitors. Over the past decade, The Western India Plywoods' Interest Coverage has ranged from 0.11 to 5.59. According to the industry distribution chart, The Western India Plywoods ranks #152 out of 181 companies in the Forest Products industry, placing it in the top 84%.
Is The Western India Plywoods' Interest Coverage too high?
The Western India Plywoods' current Interest Coverage is 0 (At Loss). Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 5.59. Based on the distribution chart, The Western India Plywoods ranks #152 out of 181 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, The Western India Plywoods has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Western India Plywoods' Interest Coverage compare to SSD and UFPI?
According to the Forest Products industry distribution chart, The Western India Plywoods ranks #152 out of 181 companies for Interest Coverage. This places The Western India Plywoods in the lower half of its industry. The industry median Interest Coverage is 4.13. Historically, The Western India Plywoods' own Interest Coverage has ranged from 0.11 to 5.59 over the past decade. 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 Forest Products company?
The median Interest Coverage among Forest Products companies is 4.13, based on 181 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. 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 The Western India Plywoods and its competitors. For the Forest Products industry, the median Interest Coverage is 4.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Western India Plywoods's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Western India Plywoods stock overvalued right now?
Based on GuruFocus' analysis, The Western India Plywoods (NSE:WIPL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹291.21, compared to a current price of ₹172.71 — trading 40.7% below its estimated fair value. The current Interest Coverage is 0 (At Loss). The Western India Plywoods' overall GF Score™ is 81/100 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 The Western India Plywoods (NSE:WIPL), the current Interest Coverage is 0 (At Loss) 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 The Western India Plywoods (NSE:WIPL) Overvalued in 2026?
Based on GuruFocus' analysis, The Western India Plywoods stock appears to be undervalued.
The current stock price of ₹172.71 is trading 40.7% below its estimated GF Value™ of ₹291.21.
GuruFocus considers The Western India Plywoods to be Significantly Undervalued.
Key valuation signals for NSE:WIPL:
Interest Coverage: 0 (At Loss)
GF Value™: ₹291.21 vs. price of ₹172.71 (40.7% below fair value)
No single metric tells the full story. See the NSE:WIPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Western India Plywoods Ltd is a manufacturer of wood-based products. Its products include Plywood, Hard boards, Densified wood, Furniture, Wipress, Wooden flooring, and Others.
81GF Score
Get the complete analysis for NSE:WIPL
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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