Millat Tractors (KAR:MTL) Interest Expense: ₨-1,759 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

KAR:MTL Millat Tractors Ltd KAR:MTL
78 GF Score
Price ₨290.29
GF Value ₨211.44
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Millat Tractors Interest Expense?

Millat Tractors KAR:MTL -0.02% 78 Interest Expense is ₨-1,759 Mil as of Mar. 2026. GuruFocus rates KAR:MTL with a GF Score™ of 78/100 and a GF Value™ of ₨211.44 (Significantly Overvalued). 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. Millat Tractors's interest expense for the three months ended in Mar. 2026 was ₨ -291 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2026 was ₨-1,759 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. Millat Tractors's Operating Income for the three months ended in Mar. 2026 was ₨ 5,108 Mil. Millat Tractors's Interest Expense for the three months ended in Mar. 2026 was ₨ -291 Mil. Millat Tractors's Interest Coverage for the quarter that ended in Mar. 2026 was 17.56. 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.

Millat Tractors  (KAR:MTL) 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.

Millat Tractors's Interest Expense for the three months ended in Mar. 2026 was ₨-291 Mil. Its Operating Income for the three months ended in Mar. 2026 was ₨5,108 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2026 was ₨1,522 Mil.

Millat Tractors'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*5107.531/-290.921
=17.56

* 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.

Millat Tractors Interest Expense Historical Data

* Premium members only.

The historical data trend for Millat Tractors'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.

Millat Tractors Interest Expense Chart

Millat Tractors Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -68.33 -347.75 -1,640.38 -1,365.98 -2,201.74

Millat Tractors 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 -415.96 -587.93 -476.85 -403.05 -290.92
KAR:MTL
78GF Score
Millat Tractors Ltd KAR:MTL
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Millat Tractors 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 ₨-1,759 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 ₨-1,759 Mil mean?
Millat Tractors (KAR:MTL) has a Interest Expense of ₨-1,759 Mil as of Mar. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on Millat Tractors and its competitors.
Is Millat Tractors' Interest Expense too high?
Millat Tractors' current Interest Expense is ₨-1,759 Mil. Overall, Millat Tractors has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millat Tractors' Interest Expense compare to CAT and DE?
Millat Tractors' Interest Expense of ₨-1,759 Mil can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good Interest Expense depends on the Farm & Heavy Construction Machinery 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 Millat Tractors and its competitors. Millat Tractors's current Interest Expense is ₨-1,759 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millat Tractors stock overvalued right now?
Based on GuruFocus' analysis, Millat Tractors (KAR:MTL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨211.44, compared to a current price of ₨290.29 — trading 37.3% above its estimated fair value. The current Interest Expense is ₨-1,759 Mil. Millat Tractors' overall GF Score™ is 78/100 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 Millat Tractors (KAR:MTL), the current Interest Expense is ₨-1,759 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 Millat Tractors (KAR:MTL) Overvalued in 2026?

Based on GuruFocus' analysis, Millat Tractors stock appears to be overvalued. The current stock price of ₨290.29 is trading 37.3% above its estimated GF Value™ of ₨211.44. GuruFocus considers Millat Tractors to be Significantly Overvalued.

Key valuation signals for KAR:MTL:

  • Interest Expense: ₨-1,759 Mil
  • GF Value™: ₨211.44 vs. price of ₨290.29 (37.3% above fair value)
  • GF Score™: 78/100 with 6 warning signs

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

Millat Tractors Business Description

Address 9-KM Sheikhupura Road, Shahdara, P.O Box No. 12023, District Sheikhupura, Lahore, PAK
Millat Tractors Ltd operates in the automobile sector. It is engaged in assembling and manufacturing of agricultural tractors, implements and multi-application products. The Company is also involved in the sale, implementation and support of IFS applications in Pakistan and abroad. The company's operating segment includes Tractors; Tractor components; Castings and Others. It generates maximum revenue from the Tractors segment. The tractor components segment is engaged in the business of manufacturing automotive, agricultural and industrial vehicle parts and components.
78GF Score

Get the complete analysis for KAR:MTL

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

₨290.29
Price
₨211.44
GF Value