Relic Technologies (BOM:511712) Cash Conversion Cycle: 136.67 (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.

BOM:511712 Relic Technologies Ltd BOM:511712
53 GF Score
Price ₹65.55
GF Value ₹25.13
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Relic Technologies Cash Conversion Cycle?

Relic Technologies BOM:511712 -6.53% 53 Cash Conversion Cycle is 136.67 as of Mar. 2026. GuruFocus rates BOM:511712 with a GF Score™ of 53/100 and a GF Value™ of ₹25.13 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

Relic Technologies's Days Sales Outstanding for the three months ended in Mar. 2026 was 136.09.
Relic Technologies's Days Inventory for the three months ended in Mar. 2026 was 41.79.
Relic Technologies's Days Payable for the three months ended in Mar. 2026 was 41.21.
Therefore, Relic Technologies's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2026 was 136.67.


Relic Technologies  (BOM:511712) Cash Conversion Cycle Explanation

Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.


Be Aware

CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.

The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.


Relic Technologies Cash Conversion Cycle Related Terms


Relic Technologies Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Relic Technologies's Cash Conversion Cycle 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.

Relic Technologies Cash Conversion Cycle Chart

Relic Technologies Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 160.72 181.96 142.76 179.77 85.64

Relic Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cash Conversion Cycle 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 117.84 41.03 253.36 462.77 136.67

BOM:511712 vs MS, GS, SCHW: Cash Conversion Cycle Comparison

For the Capital Markets subindustry, Relic Technologies's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle 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.


Relic Technologies Cash Conversion Cycle vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Relic Technologies's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Relic Technologies's Cash Conversion Cycle falls into.


BOM:511712
53GF Score
Relic Technologies Ltd BOM:511712
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Relic Technologies Cash Conversion Cycle Calculation

Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.

Cash Conversion Cycle is one of several measures of management effectiveness.

Relic Technologies's Cash Conversion Cycle for the fiscal year that ended in Mar. 2026 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=74.06+37.29-25.71
=85.64

Relic Technologies's Cash Conversion Cycle for the quarter that ended in Mar. 2026 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=136.09+41.79-41.21
=136.67

* 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 Cash Conversion Cycle →
What does a Cash Conversion Cycle of 136.67 mean?
Relic Technologies (BOM:511712) has a Cash Conversion Cycle of 136.67 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Relic Technologies and its competitors.
Is Relic Technologies' Cash Conversion Cycle too high?
Relic Technologies' current Cash Conversion Cycle is 136.67. The Capital Markets industry median Cash Conversion Cycle is 1.83. Relic Technologies' value of 136.67 is 7388.8% above this industry median. Overall, Relic Technologies has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Relic Technologies' Cash Conversion Cycle compare to MS and GS?
Relic Technologies' Cash Conversion Cycle of 136.67 can be compared against companies in the Capital Markets industry. The industry median Cash Conversion Cycle is 1.83. Relic Technologies' value of 136.67 is 7388.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for a Capital Markets company?
The median Cash Conversion Cycle among Capital Markets companies is 1.83, based on 638 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Relic Technologies's current Cash Conversion Cycle of 136.67 is 7388.8% 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 Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Relic Technologies and its competitors. For the Capital Markets industry, the median Cash Conversion Cycle is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Relic Technologies's current Cash Conversion Cycle is 136.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Relic Technologies stock overvalued right now?
Based on GuruFocus' analysis, Relic Technologies (BOM:511712) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹25.13, compared to a current price of ₹65.55 — trading 160.8% above its estimated fair value. The current Cash Conversion Cycle is 136.67 and 7388.8% above the Capital Markets industry median of 1.83. Relic Technologies' overall GF Score™ is 53/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For Relic Technologies (BOM:511712), the current Cash Conversion Cycle is 136.67 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 Relic Technologies (BOM:511712) Overvalued in 2026?

Based on GuruFocus' analysis, Relic Technologies stock appears to be overvalued. The current stock price of ₹65.55 is trading 160.8% above its estimated GF Value™ of ₹25.13. GuruFocus considers Relic Technologies to be Significantly Overvalued.

Key valuation signals for BOM:511712:

  • Cash Conversion Cycle: 136.67
  • GF Value™: ₹25.13 vs. price of ₹65.55 (160.8% above fair value)
  • GF Score™: 53/100 with 7 warning signs
  • Industry Position: 7388.8% above the Capital Markets median

No single metric tells the full story. See the BOM:511712 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Relic Technologies Business Description

Address Kalbadevi Road, J-Block, Bhangwadi Shopping Centre, Mumbai, MH, IND, 400002
Relic Technologies Ltd is engaged in the share broking business in India. It serves institutional clients.
53GF Score

Get the complete analysis for BOM:511712

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

₹65.55
Price
₹25.13
GF Value