Nikita Greentech Recycling (NSE:NIKITA) Days Inventory: 79.20 (As of Mar. 2026) — 29% Above Median

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NSE:NIKITA Nikita Greentech Recycling Ltd NSE:NIKITA
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What is Nikita Greentech Recycling Days Inventory?

Nikita Greentech Recycling NSE:NIKITA 11 Days Inventory is 79.20 as of Mar. 2026, which is 29% above its 10-year median of 61.61. GuruFocus rates NSE:NIKITA with a GF Score™ of 11/100. The stock has 6 warning signs investors should review. Among 270 Forest Products companies, Nikita Greentech Recycling ranks better than 59.63% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Nikita Greentech Recycling's Average Total Inventories for the six months ended in Mar. 2026 was ₹512 Mil. Nikita Greentech Recycling's Cost of Goods Sold for the six months ended in Mar. 2026 was ₹1,179 Mil. Hence, Nikita Greentech Recycling's Days Inventory for the six months ended in Mar. 2026 was 79.20.

The historical rank and industry rank for Nikita Greentech Recycling's Days Inventory or its related term are showing as below:

NSE:NIKITA' s Days Inventory Range Over the Past 10 Years
Min: 50.28   Med: 61.61   Max: 76.48
Current: 76.48

During the past 5 years, Nikita Greentech Recycling's highest Days Inventory was 76.48. The lowest was 50.28. And the median was 61.61.

NSE:NIKITA's Days Inventory is ranked better than
59.63% of 270 companies
in the Forest Products industry
Industry Median: 87.665 vs NSE:NIKITA: 76.48

Nikita Greentech Recycling's Days Inventory increased from Mar. 2025 (0.00) to Mar. 2026 (79.20). It might indicate that Nikita Greentech Recycling's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nikita Greentech Recycling's Inventory Turnover for the six months ended in Mar. 2026 was 2.30.

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. Nikita Greentech Recycling's Inventory-to-Revenue for the six months ended in Mar. 2026 was 0.30.


Nikita Greentech Recycling  (NSE:NIKITA) 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.

Nikita Greentech Recycling's Inventory Turnover for the six months ended in Mar. 2026 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.

Nikita Greentech Recycling's Inventory to Revenue for the six months ended in Mar. 2026 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.


Nikita Greentech Recycling Days Inventory Related Terms


Nikita Greentech Recycling Days Inventory Historical Data

* Premium members only.

The historical data trend for Nikita Greentech Recycling'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.

Nikita Greentech Recycling Days Inventory Chart

Nikita Greentech Recycling Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Days Inventory
55.64 50.28 64.69 61.61 73.96

Nikita Greentech Recycling Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Days Inventory Get a 7-Day Free Trial 0.00 68.04 0.00 76.37 79.20

Nikita Greentech Recycling Days Inventory Competitor Comparison

For the Paper & Paper Products subindustry, Nikita Greentech Recycling'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.


Nikita Greentech Recycling Days Inventory vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Nikita Greentech Recycling's Days Inventory distribution charts can be found below:

* The bar in red indicates where Nikita Greentech Recycling's Days Inventory falls into.


NSE:NIKITA
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Nikita Greentech Recycling Ltd NSE:NIKITA
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Nikita Greentech Recycling Days Inventory Calculation

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

Nikita Greentech Recycling's Days Inventory for the fiscal year that ended in Mar. 2026 is calculated as

Days Inventory (A: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (0 + 494.913) / 1 ) / 2442.402*365
=494.913 / 2442.402*365
=73.96

Nikita Greentech Recycling's Days Inventory for the quarter that ended in Mar. 2026 is calculated as:

Days Inventory (Q: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (528.626 + 494.913) / 2 ) / 1179.207*365 / 2
=511.7695 / 1179.207*365 / 2
=79.20

* 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 79.20 mean?
Nikita Greentech Recycling (NSE:NIKITA) has a Days Inventory of 79.20 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Nikita Greentech Recycling and its competitors. This is 29% above median its historical median of 61.61. Over the past decade, Nikita Greentech Recycling's Days Inventory has ranged from 50.28 to 76.48. According to the industry distribution chart, Nikita Greentech Recycling ranks #109 out of 270 companies in the Forest Products industry, placing it in the top 40.4%.
Is Nikita Greentech Recycling's Days Inventory too high?
Nikita Greentech Recycling's current Days Inventory of 79.20 is 29% above median its 10-year median of 61.61. Over the past 10 years, this metric has ranged from a low of 50.28 to a high of 76.48. The Forest Products industry median Days Inventory is 87.67. Nikita Greentech Recycling's value of 79.20 is 9.7% below this industry median. Based on the distribution chart, Nikita Greentech Recycling ranks #109 out of 270 companies in the Forest Products industry, which is above the industry midpoint. Overall, Nikita Greentech Recycling has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Nikita Greentech Recycling's Days Inventory compare to competitors?
According to the Forest Products industry distribution chart, Nikita Greentech Recycling ranks #109 out of 270 companies for Days Inventory. This puts Nikita Greentech Recycling in the upper half of its industry. The industry median Days Inventory is 87.67. Nikita Greentech Recycling's value of 79.20 is 9.7% below this benchmark. Historically, Nikita Greentech Recycling's own Days Inventory has ranged from 50.28 to 76.48 over the past decade. While the company's 10-year median is 61.61 vs. the industry median of 87.67, Nikita Greentech Recycling 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 Forest Products company?
The median Days Inventory among Forest Products companies is 87.67, based on 270 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. Nikita Greentech Recycling's current Days Inventory of 79.20 is 9.7% 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 Nikita Greentech Recycling and its competitors. For the Forest Products industry, the median Days Inventory is 87.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikita Greentech Recycling's current Days Inventory is 79.20, which is 29% above median its own 10-year median of 61.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikita Greentech Recycling stock overvalued right now?
Nikita Greentech Recycling (NSE:NIKITA) has a current Days Inventory of 79.20. The current Days Inventory is 79.20, which is 29% above median its 10-year median of 61.61 and 9.7% below the Forest Products industry median of 87.67. Nikita Greentech Recycling's overall GF Score™ is 11/100 with 6 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 Nikita Greentech Recycling (NSE:NIKITA), the current Days Inventory is 79.20 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.

Nikita Greentech Recycling Business Description

Address Industrial Estate Panipat Road, C-10, Shamli, Muzaffarnagar, UP, IND, 247776
Nikita Greentech Recycling Ltd, formerly Nikita Papers Ltd is a manufacturers of recycled kraft paper. It is manufacturing Kraft paper ranging from 80 to 200 GSM in various Burst Factor (B.F.) ranges. The company has only one segment: Business of Kraft Paper Manufacturing.
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