Orissa Sponge Iron & Steel (BOM:504864) Days Payable: 101.43 (As of Mar. 2025) — 87% Below Median

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What is Orissa Sponge Iron & Steel Days Payable?

Orissa Sponge Iron & Steel BOM:504864 Days Payable is 101.43 as of Mar. 2025, which is 87% below its 10-year median of 796.14. The stock has 8 warning signs investors should review.

Orissa Sponge Iron & Steel's average Accounts Payable for the six months ended in Mar. 2025 was ₹1,169 Mil. Orissa Sponge Iron & Steel's Cost of Goods Sold for the six months ended in Mar. 2025 was ₹4,205 Mil. Hence, Orissa Sponge Iron & Steel's Days Payable for the six months ended in Mar. 2025 was 50.72.

The historical rank and industry rank for Orissa Sponge Iron & Steel's Days Payable or its related term are showing as below:

BOM:504864' s Days Payable Range Over the Past 10 Years
Min: 101.43   Med: 796.14   Max: 20670.81
Current: 101.43

During the past 13 years, Orissa Sponge Iron & Steel's highest Days Payable was 20670.81. The lowest was 101.43. And the median was 796.14.

BOM:504864's Days Payable is not ranked
in the Steel industry.
Industry Median: 41.37 vs BOM:504864: 101.43

Orissa Sponge Iron & Steel's Days Payable increased from Mar. 2023 (0.00) to Mar. 2025 (101.43). It may suggest that Orissa Sponge Iron & Steel delayed paying its suppliers.

Orissa Sponge Iron & Steel Days Payable Historical Data

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The historical data trend for Orissa Sponge Iron & Steel'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.

Orissa Sponge Iron & Steel Days Payable Chart

Orissa Sponge Iron & Steel Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 233.74 3,210.84 0.00 134.54 101.43

Orissa Sponge Iron & Steel Semi-Annual Data
Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
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 233.74 3,210.84 0.00 134.54 101.43

BOM:504864 vs NUE: Days Payable Comparison

For the Steel subindustry, Orissa Sponge Iron & Steel'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.

Orissa Sponge Iron & Steel Days Payable vs Steel Industry

For the Steel industry and Basic Materials sector, Orissa Sponge Iron & Steel's Days Payable distribution charts can be found below:

* The bar in red indicates where Orissa Sponge Iron & Steel's Days Payable falls into.


Orissa Sponge Iron & Steel 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.

Orissa Sponge Iron & Steel's Days Payable for the fiscal year that ended in Mar. 2025 is calculated as

Days Payable (A: Mar. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2024 ) + Accounts Payable (A: Mar. 2025 )) / count ) / Cost of Goods Sold (A: Mar. 2025 )*Days in Period
=( (671.802 + 1665.483) / 2 ) / 4205.276*365
=1168.6425 / 4205.276*365
=101.43

Orissa Sponge Iron & Steel's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

Days Payable (Q: Mar. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2024 ) + Accounts Payable (Q: Mar. 2025 )) / count ) / Cost of Goods Sold (Q: Mar. 2025 )*Days in Period
=( (671.802 + 1665.483) / 2 ) / 4205.276*365 / 2
=1168.6425 / 4205.276*365 / 2
=50.72

* 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 101.43 mean?
Orissa Sponge Iron & Steel (BOM:504864) has a Days Payable of 101.43 as of Mar. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Orissa Sponge Iron & Steel and its competitors. This is 87% below median its historical median of 796.14. Over the past decade, Orissa Sponge Iron & Steel's Days Payable has ranged from 101.43 to 20,670.81.
Is Orissa Sponge Iron & Steel's Days Payable too high?
Orissa Sponge Iron & Steel's current Days Payable of 101.43 is 87% below median its 10-year median of 796.14. Over the past 10 years, this metric has ranged from a low of 101.43 to a high of 20,670.81. The Steel industry median Days Payable is 41.37. Orissa Sponge Iron & Steel's value of 101.43 is 145.2% above this industry median.
How does Orissa Sponge Iron & Steel's Days Payable compare to NUE?
Orissa Sponge Iron & Steel's Days Payable of 101.43 can be compared against companies in the Steel industry. The industry median Days Payable is 41.37. Orissa Sponge Iron & Steel's value of 101.43 is 145.2% above this benchmark. Historically, Orissa Sponge Iron & Steel's own Days Payable has ranged from 101.43 to 20,670.81 over the past decade. While the company's 10-year median is 796.14 vs. the industry median of 41.37, Orissa Sponge Iron & Steel 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 Steel company?
The median Days Payable among Steel companies is 41.37, based on 598 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. Orissa Sponge Iron & Steel's current Days Payable of 101.43 is 145.2% 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 Orissa Sponge Iron & Steel and its competitors. For the Steel industry, the median Days Payable is 41.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orissa Sponge Iron & Steel's current Days Payable is 101.43, which is 87% below median its own 10-year median of 796.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orissa Sponge Iron & Steel stock overvalued right now?
Orissa Sponge Iron & Steel (BOM:504864) has a current Days Payable of 101.43. The current Days Payable is 101.43, which is 87% below median its 10-year median of 796.14 and 145.2% above the Steel industry median of 41.37. 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 Orissa Sponge Iron & Steel (BOM:504864), the current Days Payable is 101.43 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.

Orissa Sponge Iron & Steel Business Description

Address A 201, First Floor, Okhla Industrial Area, Phase I, New Delhi, IND, 110020
Orissa Sponge Iron & Steel Ltd is engaged in manufacturing and selling iron and steel. It mainly operates coal-based sponge iron plants, waste energy recovery-based power plants, and a billet-making plant. The Company's business activities falls within a single primary business segment which is Iron & Steel. The firm generates revenues through the sale of surplus power, and also involves in providing engineering and technical services. It operates a coal-based sponge iron plant, waste energy recovery-based power plants, and a billet-making plant.