SPML Infra (BOM:500402) Days Payable: 238.14 (As of Mar. 2026) — 17% Above Median

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:500402 SPML Infra Ltd BOM:500402
47 GF Score
Price ₹205.80
GF Value ₹112.09
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is SPML Infra Days Payable?

SPML Infra BOM:500402 -0.46% 47 Days Payable is 238.14 as of Mar. 2026, which is 17% above its 10-year median of 204.11. GuruFocus rates BOM:500402 with a GF Score™ of 47/100 and a GF Value™ of ₹112.09 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,717 Construction companies, SPML Infra ranks better than 87.59% on this metric.

SPML Infra's average Accounts Payable for the three months ended in Mar. 2026 was ₹6,244 Mil. SPML Infra's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹2,392 Mil. Hence, SPML Infra's Days Payable for the three months ended in Mar. 2026 was 238.14.

The historical rank and industry rank for SPML Infra's Days Payable or its related term are showing as below:

BOM:500402' s Days Payable Range Over the Past 10 Years
Min: 144.63   Med: 204.11   Max: 335.41
Current: 274.06

During the past 13 years, SPML Infra's highest Days Payable was 335.41. The lowest was 144.63. And the median was 204.11.

BOM:500402's Days Payable is ranked better than
87.59% of 1717 companies
in the Construction industry
Industry Median: 76.51 vs BOM:500402: 274.06

SPML Infra's Days Payable declined from Mar. 2025 (267.87) to Mar. 2026 (238.14). It may suggest that SPML Infra accelerated paying its suppliers.


SPML Infra Days Payable Historical Data

* Premium members only.

The historical data trend for SPML Infra'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.

SPML Infra Days Payable Chart

SPML Infra Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 173.51 203.14 144.63 234.53 280.25

SPML Infra Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable 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 267.87 328.06 295.46 251.57 238.14

BOM:500402 vs PWR, FIX, EME: Days Payable Comparison

For the Engineering & Construction subindustry, SPML Infra'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.


SPML Infra Days Payable vs Construction Industry

For the Construction industry and Industrials sector, SPML Infra's Days Payable distribution charts can be found below:

* The bar in red indicates where SPML Infra's Days Payable falls into.


BOM:500402
47GF Score
SPML Infra Ltd BOM:500402
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SPML Infra Days Payable Calculation

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.

SPML Infra's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (4777.394 + 6243.798) / 2 ) / 7177.17*365
=5510.596 / 7177.17*365
=280.25

SPML Infra's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (0 + 6243.798) / 1 ) / 2392.483*365 / 4
=6243.798 / 2392.483*365 / 4
=238.14

* 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 Payable →
What does a Days Payable of 238.14 mean?
SPML Infra (BOM:500402) has a Days Payable of 238.14 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 SPML Infra and its competitors. This is 17% above median its historical median of 204.11. Over the past decade, SPML Infra's Days Payable has ranged from 144.63 to 335.41. According to the industry distribution chart, SPML Infra ranks #213 out of 1717 companies in the Construction industry, placing it in the top 12.4%.
Is SPML Infra's Days Payable too high?
SPML Infra's current Days Payable of 238.14 is 17% above median its 10-year median of 204.11. Over the past 10 years, this metric has ranged from a low of 144.63 to a high of 335.41. The Construction industry median Days Payable is 76.51. SPML Infra's value of 238.14 is 211.3% above this industry median. Based on the distribution chart, SPML Infra ranks #213 out of 1717 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, SPML Infra has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPML Infra's Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, SPML Infra ranks #213 out of 1717 companies for Days Payable. This places SPML Infra in the top 12% of its industry — outperforming the majority of peers. The industry median Days Payable is 76.51. SPML Infra's value of 238.14 is 211.3% above this benchmark. Historically, SPML Infra's own Days Payable has ranged from 144.63 to 335.41 over the past decade. While the company's 10-year median is 204.11 vs. the industry median of 76.51, SPML Infra 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 Payable for a Construction company?
The median Days Payable among Construction companies is 76.51, based on 1,717 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. SPML Infra's current Days Payable of 238.14 is 211.3% 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 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 SPML Infra and its competitors. For the Construction industry, the median Days Payable is 76.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPML Infra's current Days Payable is 238.14, which is 17% above median its own 10-year median of 204.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPML Infra stock overvalued right now?
Based on GuruFocus' analysis, SPML Infra (BOM:500402) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹112.09, compared to a current price of ₹205.80 — trading 83.6% above its estimated fair value. The current Days Payable is 238.14, which is 17% above median its 10-year median of 204.11 and 211.3% above the Construction industry median of 76.51. SPML Infra's overall GF Score™ is 47/100 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 SPML Infra (BOM:500402), the current Days Payable is 238.14 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 SPML Infra (BOM:500402) Overvalued in 2026?

Based on GuruFocus' analysis, SPML Infra stock appears to be overvalued. The current stock price of ₹205.80 is trading 83.6% above its estimated GF Value™ of ₹112.09. GuruFocus considers SPML Infra to be Significantly Overvalued.

Key valuation signals for BOM:500402:

  • Days Payable: 238.14 (17% above median its 10-year median of 204.11)
  • GF Value™: ₹112.09 vs. price of ₹205.80 (83.6% above fair value)
  • GF Score™: 47/100 with 5 warning signs
  • Industry Position: 211.3% above the Construction median (#213 of 1717)

No single metric tells the full story. See the BOM:500402 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SPML Infra Business Description

Other Exchanges SPMLINFRA:India
Address 22, Camac Street, Block A, 3rd Floor, Kolkata, WB, IND, 700016
SPML Infra Ltd is an Indian-based infrastructure development company. It is engaged in providing infrastructure solutions for water management, water infrastructure development, wastewater treatment, power generation, transmission and distribution, solid waste management, and other civil infrastructures. The company's operating segment includes Construction, Hydro Power Generation, Waste Management, and Others. Geographically, it operates only in India.
47GF Score

Get the complete analysis for BOM:500402

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

₹205.80
Price
₹112.09
GF Value