IP Rings (BOM:523638) Interest Expense: ₹-136 Mil (TTM As of Mar. 2026)

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:523638 IP Rings Ltd BOM:523638
65 GF Score
Price ₹131.80
GF Value ₹163.46
Valuation Modestly Undervalued
! 6 Warning Signs
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What is IP Rings Interest Expense?

IP Rings BOM:523638 +2.97% 65 Interest Expense is ₹-136 Mil as of Mar. 2026. GuruFocus rates BOM:523638 with a GF Score™ of 65/100 and a GF Value™ of ₹163.46 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IP Rings's interest expense for the three months ended in Mar. 2026 was ₹ -36 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2026 was ₹-136 Mil.

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. IP Rings's Operating Income for the three months ended in Mar. 2026 was ₹ 30 Mil. IP Rings's Interest Expense for the three months ended in Mar. 2026 was ₹ -36 Mil. IP Rings's Interest Coverage for the quarter that ended in Mar. 2026 was 0.83. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

IP Rings  (BOM:523638) Interest Expense Explanation

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 higher, the better.

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

IP Rings's Interest Expense for the three months ended in Mar. 2026 was ₹-36 Mil. Its Operating Income for the three months ended in Mar. 2026 was ₹30 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2026 was ₹566 Mil.

IP Rings's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*30.231/-36.3
=0.83

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. IP Rings Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

IP Rings Interest Expense Historical Data

* Premium members only.

The historical data trend for IP Rings's Interest Expense 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.

IP Rings Interest Expense Chart

IP Rings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -95.83 -104.28 -109.19 -111.20 -128.59

IP Rings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -32.41 -30.36 -32.88 -36.88 -36.30
BOM:523638
65GF Score
IP Rings Ltd BOM:523638
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IP Rings Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-136 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of ₹-136 Mil mean?
IP Rings (BOM:523638) has a Interest Expense of ₹-136 Mil as of Mar. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on IP Rings and its competitors.
Is IP Rings' Interest Expense too high?
IP Rings' current Interest Expense is ₹-136 Mil. Overall, IP Rings has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IP Rings' Interest Expense compare to ORLY and AZO?
IP Rings' Interest Expense of ₹-136 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Vehicles & Parts company?
A good Interest Expense depends on the Vehicles & Parts industry context. However, Interest Expense 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 Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on IP Rings and its competitors. IP Rings's current Interest Expense is ₹-136 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IP Rings stock overvalued right now?
Based on GuruFocus' analysis, IP Rings (BOM:523638) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹163.46, compared to a current price of ₹131.80 — trading 19.4% below its estimated fair value. The current Interest Expense is ₹-136 Mil. IP Rings' overall GF Score™ is 65/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For IP Rings (BOM:523638), the current Interest Expense is ₹-136 Mil 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 IP Rings (BOM:523638) Overvalued in 2026?

Based on GuruFocus' analysis, IP Rings stock appears to be undervalued. The current stock price of ₹131.80 is trading 19.4% below its estimated GF Value™ of ₹163.46. GuruFocus considers IP Rings to be Modestly Undervalued.

Key valuation signals for BOM:523638:

  • Interest Expense: ₹-136 Mil
  • GF Value™: ₹163.46 vs. price of ₹131.80 (19.4% below fair value)
  • GF Score™: 65/100 with 6 warning signs

No single metric tells the full story. See the BOM:523638 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

IP Rings Business Description

Address D 11/12, Industrial Estate, Maraimalai Nagar, Chengalpattu District, Chennai, TN, IND, 603209
IP Rings Ltd is engaged in the manufacturing of Auto Components, which include Piston Rings, Differential Gears, Pole Wheel, and Tooling. The geographical segments of the company include India, the United States, Thailand, and the Rest of the world, of which the majority of the revenue comes from the Indian Market.
65GF Score

Get the complete analysis for BOM:523638

Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹131.80
Price
₹163.46
GF Value