Garware Hi-Tech Films (BOM:500655) Days Payable: 61.60 (As of Mar. 2026) — 10% Above Median

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BOM:500655 Garware Hi-Tech Films Ltd BOM:500655
62 GF Score
Price ₹6,915.50
GF Value ₹3,358.39
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Garware Hi-Tech Films Days Payable?

Garware Hi-Tech Films BOM:500655 -1.13% 62 Days Payable is 61.60 as of Mar. 2026, which is 10% above its 10-year median of 55.99. GuruFocus rates BOM:500655 with a GF Score™ of 62/100 and a GF Value™ of ₹3,358.39 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,554 Chemicals companies, Garware Hi-Tech Films ranks better than 51.42% on this metric.

Garware Hi-Tech Films's average Accounts Payable for the three months ended in Mar. 2026 was ₹1,808 Mil. Garware Hi-Tech Films's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹2,679 Mil. Hence, Garware Hi-Tech Films's Days Payable for the three months ended in Mar. 2026 was 61.60.

The historical rank and industry rank for Garware Hi-Tech Films's Days Payable or its related term are showing as below:

BOM:500655' s Days Payable Range Over the Past 10 Years
Min: 33.67   Med: 55.99   Max: 67.6
Current: 61.38

During the past 13 years, Garware Hi-Tech Films's highest Days Payable was 67.60. The lowest was 33.67. And the median was 55.99.

BOM:500655's Days Payable is ranked better than
51.42% of 1554 companies
in the Chemicals industry
Industry Median: 59.875 vs BOM:500655: 61.38

Garware Hi-Tech Films's Days Payable increased from Mar. 2025 (51.32) to Mar. 2026 (61.60). It may suggest that Garware Hi-Tech Films delayed paying its suppliers.


Garware Hi-Tech Films Days Payable Historical Data

* Premium members only.

The historical data trend for Garware Hi-Tech Films'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.

Garware Hi-Tech Films Days Payable Chart

Garware Hi-Tech Films 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 59.11 52.67 54.30 57.67 62.71

Garware Hi-Tech Films 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 51.32 65.35 51.97 66.25 61.60

BOM:500655 vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Garware Hi-Tech Films'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.


Garware Hi-Tech Films Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Garware Hi-Tech Films's Days Payable distribution charts can be found below:

* The bar in red indicates where Garware Hi-Tech Films's Days Payable falls into.


BOM:500655
62GF Score
Garware Hi-Tech Films Ltd BOM:500655
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Garware Hi-Tech Films 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.

Garware Hi-Tech Films'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
=( (1477.2 + 1808.3) / 2 ) / 9562*365
=1642.75 / 9562*365
=62.71

Garware Hi-Tech Films'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 + 1808.3) / 1 ) / 2678.5*365 / 4
=1808.3 / 2678.5*365 / 4
=61.60

* 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 61.60 mean?
Garware Hi-Tech Films (BOM:500655) has a Days Payable of 61.60 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 Garware Hi-Tech Films and its competitors. This is 10% above median its historical median of 55.99. Over the past decade, Garware Hi-Tech Films' Days Payable has ranged from 33.67 to 67.60. According to the industry distribution chart, Garware Hi-Tech Films ranks #755 out of 1554 companies in the Chemicals industry, placing it in the top 48.6%.
Is Garware Hi-Tech Films' Days Payable too high?
Garware Hi-Tech Films' current Days Payable of 61.60 is 10% above median its 10-year median of 55.99. Over the past 10 years, this metric has ranged from a low of 33.67 to a high of 67.60. The Chemicals industry median Days Payable is 59.88. Garware Hi-Tech Films' value of 61.60 is 2.9% above this industry median. Based on the distribution chart, Garware Hi-Tech Films ranks #755 out of 1554 companies in the Chemicals industry, which is above the industry midpoint. Overall, Garware Hi-Tech Films has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Garware Hi-Tech Films' Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Garware Hi-Tech Films ranks #755 out of 1554 companies for Days Payable. This puts Garware Hi-Tech Films in the upper half of its industry. The industry median Days Payable is 59.88. Garware Hi-Tech Films' value of 61.60 is 2.9% above this benchmark. Historically, Garware Hi-Tech Films' own Days Payable has ranged from 33.67 to 67.60 over the past decade. While the company's 10-year median is 55.99 vs. the industry median of 59.88, Garware Hi-Tech Films 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.88, based on 1,554 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. Garware Hi-Tech Films's current Days Payable of 61.60 is 2.9% 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 Garware Hi-Tech Films and its competitors. For the Chemicals industry, the median Days Payable is 59.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garware Hi-Tech Films's current Days Payable is 61.60, which is 10% above median its own 10-year median of 55.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garware Hi-Tech Films stock overvalued right now?
Based on GuruFocus' analysis, Garware Hi-Tech Films (BOM:500655) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹3,358.39, compared to a current price of ₹6,915.50 — trading 105.9% above its estimated fair value. The current Days Payable is 61.60, which is 10% above median its 10-year median of 55.99 and 2.9% above the Chemicals industry median of 59.88. Garware Hi-Tech Films' overall GF Score™ is 62/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Garware Hi-Tech Films (BOM:500655), the current Days Payable is 61.60 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 Garware Hi-Tech Films (BOM:500655) Overvalued in 2026?

Based on GuruFocus' analysis, Garware Hi-Tech Films stock appears to be overvalued. The current stock price of ₹6,915.50 is trading 105.9% above its estimated GF Value™ of ₹3,358.39. GuruFocus considers Garware Hi-Tech Films to be Significantly Overvalued.

Key valuation signals for BOM:500655:

  • Days Payable: 61.60 (10% above median its 10-year median of 55.99)
  • GF Value™: ₹3,358.39 vs. price of ₹6,915.50 (105.9% above fair value)
  • GF Score™: 62/100 with 6 warning signs
  • Industry Position: 2.9% above the Chemicals median (#755 of 1554)

No single metric tells the full story. See the BOM:500655 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Garware Hi-Tech Films Business Description

Other Exchanges GRWRHITECH:India
Address 50 - A, Swami Nityanand Marg, Garware House, Vile Parle (East), Mumbai, MH, IND, 400 057
Garware Hi-Tech Films Ltd is engaged in the business of manufacturing & Trading of specialty performance polyester Films like Sun Control window films used in Automobiles, Buildings, Paint Protection Films used in Automobiles and a variety of other specialty polyester films such as PET Shrink films used for Label applications, Low Oligomer PET films used for insulation of hermetically sealed compressors motors, Electric motor insulation and cable insulation, sequin application films, TV and LCD screen application, Packaging applications etc. The company leverages its nano-dispersion and other cutting-edge technologies and other cutting-edge technologies to maintain its market. Geographically, the company derives maximum revenue from USA customers. It has one segment: Polyester films.
62GF Score

Get the complete analysis for BOM:500655

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

₹6,915.50
Price
₹3,358.39
GF Value