SPP Polymer (NSE:SPPPOLY) Days Inventory: 112.25 (As of Mar. 2025) — 74% Above Median

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NSE:SPPPOLY SPP Polymer Ltd NSE:SPPPOLY
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What is SPP Polymer Days Inventory?

SPP Polymer NSE:SPPPOLY 11 Days Inventory is 112.25 as of Mar. 2025, which is 74% above its 10-year median of 64.48. GuruFocus rates NSE:SPPPOLY with a GF Score™ of 11/100. The stock has 4 warning signs investors should review. Among 375 Packaging & Containers companies, SPP Polymer ranks worse than 73.33% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). SPP Polymer's Average Total Inventories for the six months ended in Mar. 2025 was ₹268 Mil. SPP Polymer's Cost of Goods Sold for the six months ended in Mar. 2025 was ₹870 Mil. Hence, SPP Polymer's Days Inventory for the six months ended in Mar. 2025 was 56.12.

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

NSE:SPPPOLY' s Days Inventory Range Over the Past 10 Years
Min: 26.82   Med: 64.48   Max: 112.25
Current: 112.25

During the past 5 years, SPP Polymer's highest Days Inventory was 112.25. The lowest was 26.82. And the median was 64.48.

NSE:SPPPOLY's Days Inventory is ranked worse than
73.33% of 375 companies
in the Packaging & Containers industry
Industry Median: 78.35 vs NSE:SPPPOLY: 112.25

SPP Polymer's Days Inventory increased from Mar. 2023 (64.48) to Mar. 2025 (112.25). It might indicate that SPP Polymer'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. SPP Polymer's Inventory Turnover for the six months ended in Mar. 2025 was 3.25.

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. SPP Polymer's Inventory-to-Revenue for the six months ended in Mar. 2025 was 0.25.


SPP Polymer  (NSE:SPPPOLY) 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.

SPP Polymer'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.

SPP Polymer'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.


SPP Polymer Days Inventory Related Terms


SPP Polymer Days Inventory Historical Data

* Premium members only.

The historical data trend for SPP Polymer'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.

SPP Polymer Days Inventory Chart

SPP Polymer Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Days Inventory
26.82 35.59 64.48 83.37 112.25

SPP Polymer Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
Days Inventory 26.82 35.59 64.48 83.37 112.25

NSE:SPPPOLY vs SW, PKG, IP: Days Inventory Comparison

For the Packaging & Containers subindustry, SPP Polymer'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.


SPP Polymer Days Inventory vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, SPP Polymer's Days Inventory distribution charts can be found below:

* The bar in red indicates where SPP Polymer's Days Inventory falls into.


NSE:SPPPOLY
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SPP Polymer Ltd NSE:SPPPOLY
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SPP Polymer Days Inventory Calculation

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

SPP Polymer'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
=( (246.082 + 289.211) / 2 ) / 870.318*365
=267.6465 / 870.318*365
=112.25

SPP Polymer'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
=( (246.082 + 289.211) / 2 ) / 870.318*365 / 2
=267.6465 / 870.318*365 / 2
=56.12

* 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 112.25 mean?
SPP Polymer (NSE:SPPPOLY) has a Days Inventory of 112.25 as of Mar. 2025. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on SPP Polymer and its competitors. This is 74% above median its historical median of 64.48. Over the past decade, SPP Polymer's Days Inventory has ranged from 26.82 to 112.25. According to the industry distribution chart, SPP Polymer ranks #275 out of 375 companies in the Packaging & Containers industry, placing it in the top 73.3%.
Is SPP Polymer's Days Inventory too high?
SPP Polymer's current Days Inventory of 112.25 is 74% above median its 10-year median of 64.48. Over the past 10 years, this metric has ranged from a low of 26.82 to a high of 112.25. The Packaging & Containers industry median Days Inventory is 78.35. SPP Polymer's value of 112.25 is 43.3% above this industry median. Based on the distribution chart, SPP Polymer ranks #275 out of 375 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, SPP Polymer has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does SPP Polymer's Days Inventory compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, SPP Polymer ranks #275 out of 375 companies for Days Inventory. This places SPP Polymer in the lower half of its industry. The industry median Days Inventory is 78.35. SPP Polymer's value of 112.25 is 43.3% above this benchmark. Historically, SPP Polymer's own Days Inventory has ranged from 26.82 to 112.25 over the past decade. While the company's 10-year median is 64.48 vs. the industry median of 78.35, SPP Polymer has consistently been above 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 Packaging & Containers company?
The median Days Inventory among Packaging & Containers companies is 78.35, based on 375 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. SPP Polymer's current Days Inventory of 112.25 is 43.3% 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 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 SPP Polymer and its competitors. For the Packaging & Containers industry, the median Days Inventory is 78.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPP Polymer's current Days Inventory is 112.25, which is 74% above median its own 10-year median of 64.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPP Polymer stock overvalued right now?
SPP Polymer (NSE:SPPPOLY) has a current Days Inventory of 112.25. The current Days Inventory is 112.25, which is 74% above median its 10-year median of 64.48 and 43.3% above the Packaging & Containers industry median of 78.35. SPP Polymer's overall GF Score™ is 11/100 with 4 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 SPP Polymer (NSE:SPPPOLY), the current Days Inventory is 112.25 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.

SPP Polymer Business Description

Address Plot No-04, Sector-01, IIE, SIIDCUL, Pantnagar, Udhamsingh Nagar, Rudrapur, UT, IND, 263153
SPP Polymer Ltd is engaged in the business of manufacturing of HDPE/PP woven fabric & bags, non-woven fabrics & bags and PP Multifilament yarn. It offers packaging solutions to business-to-business (B2B) manufacturers catering to different industries such as cement, chemicals, food grains, sugars, polymers, agriculture, and others for the packaging of goods in big quantities.
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