Harikanta Overseas (BOM:544769) Days Inventory: 46.28 (As of Mar. 2025) — 269% Above Median

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BOM:544769 Harikanta Overseas Ltd BOM:544769
18 GF Score
Price ₹81.48
! 2 Warning Signs
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What is Harikanta Overseas Days Inventory?

Harikanta Overseas BOM:544769 +9.38% 18 Days Inventory is 46.28 as of Mar. 2025, which is 269% above its 10-year median of 12.53. GuruFocus rates BOM:544769 with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 1,009 Manufacturing - Apparel & Accessories companies, Harikanta Overseas ranks better than 87.51% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Harikanta Overseas's Average Total Inventories for the six months ended in Mar. 2025 was ₹27.1 Mil. Harikanta Overseas's Cost of Goods Sold for the six months ended in Mar. 2025 was ₹213.4 Mil. Hence, Harikanta Overseas's Days Inventory for the six months ended in Mar. 2025 was 23.14.

The historical rank and industry rank for Harikanta Overseas's Days Inventory or its related term are showing as below:

BOM:544769' s Days Inventory Range Over the Past 10 Years
Min: 3.75   Med: 12.53   Max: 46.28
Current: 46.28

During the past 3 years, Harikanta Overseas's highest Days Inventory was 46.28. The lowest was 3.75. And the median was 12.53.

BOM:544769's Days Inventory is ranked better than
87.51% of 1009 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 132.75 vs BOM:544769: 46.28

Harikanta Overseas's Days Inventory increased from Mar. 2023 (3.75) to Mar. 2025 (46.28). It might indicate that Harikanta Overseas's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Harikanta Overseas's Inventory Turnover for the six months ended in Mar. 2025 was 7.89.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Harikanta Overseas's Inventory-to-Revenue for the six months ended in Mar. 2025 was 0.08.


Harikanta Overseas  (BOM:544769) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Harikanta Overseas's Inventory Turnover for the six months ended in Mar. 2025 is calculated as

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Harikanta Overseas's Inventory to Revenue for the six months ended in Mar. 2025 is calculated as

* 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.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Harikanta Overseas Days Inventory Related Terms


Harikanta Overseas Days Inventory Historical Data

* Premium members only.

The historical data trend for Harikanta Overseas's Days Inventory 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.

Harikanta Overseas Days Inventory Chart

Harikanta Overseas Annual Data
Trend Mar23 Mar24 Mar25
Days Inventory
3.75 12.53 46.28

Harikanta Overseas Semi-Annual Data
Mar23 Mar24 Mar25
Days Inventory 3.75 12.53 46.28

Harikanta Overseas Days Inventory Competitor Comparison

For the Textile Manufacturing subindustry, Harikanta Overseas's Days Inventory, along with its competitors' market caps and Days Inventory 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.


Harikanta Overseas Days Inventory vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Harikanta Overseas's Days Inventory distribution charts can be found below:

* The bar in red indicates where Harikanta Overseas's Days Inventory falls into.


BOM:544769
18GF Score
Harikanta Overseas Ltd BOM:544769
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
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Harikanta Overseas Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Harikanta Overseas's Days Inventory for the fiscal year that ended in Mar. 2025 is calculated as

Days Inventory (A: Mar. 2025 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2024 ) + Total Inventories (A: Mar. 2025 )) / count ) / Cost of Goods Sold (A: Mar. 2025 )*Days in Period
=( (4.271 + 49.859) / 2 ) / 213.449*365
=27.065 / 213.449*365
=46.28

Harikanta Overseas's Days Inventory for the quarter that ended in Mar. 2025 is calculated as:

Days Inventory (Q: Mar. 2025 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Mar. 2025 )) / count ) / Cost of Goods Sold (Q: Mar. 2025 )*Days in Period
=( (4.271 + 49.859) / 2 ) / 213.449*365 / 2
=27.065 / 213.449*365 / 2
=23.14

* 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 Days Inventory →
What does a Days Inventory of 46.28 mean?
Harikanta Overseas (BOM:544769) has a Days Inventory of 46.28 as of Mar. 2025. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Harikanta Overseas and its competitors. This is 269% above median its historical median of 12.53. Over the past decade, Harikanta Overseas' Days Inventory has ranged from 3.75 to 46.28. According to the industry distribution chart, Harikanta Overseas ranks #126 out of 1009 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 12.5%.
Is Harikanta Overseas' Days Inventory too high?
Harikanta Overseas' current Days Inventory of 46.28 is 269% above median its 10-year median of 12.53. Over the past 10 years, this metric has ranged from a low of 3.75 to a high of 46.28. The Manufacturing - Apparel & Accessories industry median Days Inventory is 132.75. Harikanta Overseas' value of 46.28 is 65.1% below this industry median. Based on the distribution chart, Harikanta Overseas ranks #126 out of 1009 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Harikanta Overseas has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Harikanta Overseas' Days Inventory compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Harikanta Overseas ranks #126 out of 1009 companies for Days Inventory. This places Harikanta Overseas in the top 13% of its industry — outperforming the majority of peers. The industry median Days Inventory is 132.75. Harikanta Overseas' value of 46.28 is 65.1% below this benchmark. Historically, Harikanta Overseas' own Days Inventory has ranged from 3.75 to 46.28 over the past decade. While the company's 10-year median is 12.53 vs. the industry median of 132.75, Harikanta Overseas 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 Days Inventory for a Manufacturing - Apparel & Accessories company?
The median Days Inventory among Manufacturing - Apparel & Accessories companies is 132.75, based on 1,009 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Harikanta Overseas's current Days Inventory of 46.28 is 65.1% 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 Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Harikanta Overseas and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Inventory is 132.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harikanta Overseas's current Days Inventory is 46.28, which is 269% above median its own 10-year median of 12.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harikanta Overseas stock overvalued right now?
Harikanta Overseas (BOM:544769) has a current Days Inventory of 46.28. The current Days Inventory is 46.28, which is 269% above median its 10-year median of 12.53 and 65.1% below the Manufacturing - Apparel & Accessories industry median of 132.75. Harikanta Overseas' overall GF Score™ is 18/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Harikanta Overseas (BOM:544769), the current Days Inventory is 46.28 as of Mar. 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.

Harikanta Overseas Business Description

Address 28, Sairam Ind Estate Bamroli, Surat, GJ, IND, 394107
Harikanta Overseas Ltd is engaged in the manufacturing of Synthetic textile fabrics. Its product portfolio includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber. The company caters fabric to women's wear, producing fabrics for sarees, dress materials, and kurtas, while also offering fabrics for men's kurtas. It has single reportable segment namely Manufacturing and exporting of textile fabrics. The majority of the company's revenue is derived from the sale of Ikat Fabrics.
18GF Score

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