Bihar Sponge IronBOM:500058 -3.08%58 Days Payable is 37.57 as of Mar. 2026, which is 81% below its 10-year median of 194.80. GuruFocus rates BOM:500058 with a GF Score™ of 58/100 and a GF Value™ of ₹10.43 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 597 Steel companies, Bihar Sponge Iron ranks better than 65.49% on this metric.
The historical rank and industry rank for Bihar Sponge Iron's Days Payable or its related term are showing as below:
BOM:500058'
s Days Payable Range Over the Past 10 Years
Min: 47.38 Med: 194.8 Max: 2460478.52
Current: 59.5
During the past 13 years, Bihar Sponge Iron's highest Days Payable was 2460478.52. The lowest was 47.38. And the median was 194.80.
BOM:500058's Days Payable is ranked better than 65.49% of 597
companies
in the Steel industry
Industry Median: 41.39
vs BOM:500058: 59.50
Bihar Sponge Iron's Days Payable
declined
from Mar. 2025 (48.31) to Mar. 2026 (37.57).
It may suggest that Bihar Sponge Ironaccelerated paying its suppliers.
Bihar Sponge Iron Days Payable Related Terms
Bihar Sponge Iron Days Payable Historical Data
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The historical data trend for Bihar Sponge Iron's Days Payable 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.
BOM:500058 vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, Bihar Sponge Iron's Days Payable, along with its competitors' market caps and Days Payable 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.
Bihar Sponge Iron Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Bihar Sponge Iron's Days Payable distribution charts can be found below:
* The bar in red indicates where Bihar Sponge Iron's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Bihar Sponge Iron's Days Payable for the fiscal year that 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.
Bihar Sponge Iron (BOM:500058) has a Days Payable of 37.57 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Bihar Sponge Iron and its competitors. This is 81% below median its historical median of 194.80. Over the past decade, Bihar Sponge Iron's Days Payable has ranged from 47.38 to 2,460,478.52. According to the industry distribution chart, Bihar Sponge Iron ranks #206 out of 597 companies in the Steel industry, placing it in the top 34.5%.
Is Bihar Sponge Iron's Days Payable too high?
Bihar Sponge Iron's current Days Payable of 37.57 is 81% below median its 10-year median of 194.80. Over the past 10 years, this metric has ranged from a low of 47.38 to a high of 2,460,478.52. The Steel industry median Days Payable is 41.39. Bihar Sponge Iron's value of 37.57 is 9.2% below this industry median. Based on the distribution chart, Bihar Sponge Iron ranks #206 out of 597 companies in the Steel industry, which is above the industry midpoint. Overall, Bihar Sponge Iron has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bihar Sponge Iron's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Bihar Sponge Iron ranks #206 out of 597 companies for Days Payable. This puts Bihar Sponge Iron in the upper half of its industry. The industry median Days Payable is 41.39. Bihar Sponge Iron's value of 37.57 is 9.2% below this benchmark. Historically, Bihar Sponge Iron's own Days Payable has ranged from 47.38 to 2,460,478.52 over the past decade. While the company's 10-year median is 194.80 vs. the industry median of 41.39, Bihar Sponge Iron 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 Payable for a Steel company?
The median Days Payable among Steel companies is 41.39, based on 597 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bihar Sponge Iron's current Days Payable of 37.57 is 9.2% 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 Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Bihar Sponge Iron and its competitors. For the Steel industry, the median Days Payable is 41.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bihar Sponge Iron's current Days Payable is 37.57, which is 81% below median its own 10-year median of 194.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bihar Sponge Iron stock overvalued right now?
Based on GuruFocus' analysis, Bihar Sponge Iron (BOM:500058) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹10.43, compared to a current price of ₹12.28 — trading 17.7% above its estimated fair value. The current Days Payable is 37.57, which is 81% below median its 10-year median of 194.80 and 9.2% below the Steel industry median of 41.39. Bihar Sponge Iron's overall GF Score™ is 58/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Bihar Sponge Iron (BOM:500058), the current Days Payable is 37.57 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 Bihar Sponge Iron (BOM:500058) Overvalued in 2026?
Based on GuruFocus' analysis, Bihar Sponge Iron stock appears to be overvalued.
The current stock price of ₹12.28 is trading 17.7% above its estimated GF Value™ of ₹10.43.
GuruFocus considers Bihar Sponge Iron to be Modestly Overvalued.
Key valuation signals for BOM:500058:
Days Payable: 37.57 (81% below median its 10-year median of 194.80)
GF Value™: ₹10.43 vs. price of ₹12.28 (17.7% above fair value)
Industry Position: 9.2% below the Steel median (#206 of 597)
No single metric tells the full story. See the BOM:500058 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bihar Sponge Iron Ltd is India's first merchant sponge iron plant located in Jharkhand. It produces Direct Reduced Iron, commonly known as sponge iron, using indigenous iron ore and non-coking coal. Its plant uses coal-based rotary kiln technology for sponge iron production, with additional facilities such as crushing, sizing, and magnetic separation for raw materials. The plant is strategically located with excellent connectivity to many cities and transportation infrastructure. Bihar Sponge Iron also operates captive power plants to meet its energy needs efficiently. The company's sponge iron serves as a substitute for scrap in steelmaking electric arc and induction furnaces.
58GF Score
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