Mipco Seamless Rings (Gujarat) (BOM:505797) Days Payable: 0.77 (As of Mar. 2026) — 100% Below Median

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BOM:505797 Mipco Seamless Rings (Gujarat) Ltd BOM:505797
21 GF Score
Price ₹22.80
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What is Mipco Seamless Rings (Gujarat) Days Payable?

Mipco Seamless Rings (Gujarat) BOM:505797 21 Days Payable is 0.77 as of Mar. 2026, which is 100% below its 10-year median of 5,165.17. GuruFocus rates BOM:505797 with a GF Score™ of 21/100. Among 78 Diversified Financial Services companies, Mipco Seamless Rings (Gujarat) ranks worse than 97.44% on this metric.

Mipco Seamless Rings (Gujarat)'s average Accounts Payable for the three months ended in Mar. 2026 was ₹0.26 Mil. Mipco Seamless Rings (Gujarat)'s Cost of Goods Sold for the three months ended in Mar. 2026 was ₹30.43 Mil. Hence, Mipco Seamless Rings (Gujarat)'s Days Payable for the three months ended in Mar. 2026 was 0.77.

The historical rank and industry rank for Mipco Seamless Rings (Gujarat)'s Days Payable or its related term are showing as below:

BOM:505797' s Days Payable Range Over the Past 10 Years
Min: 1.43   Med: 5165.17   Max: 7083.93
Current: 5.74

During the past 13 years, Mipco Seamless Rings (Gujarat)'s highest Days Payable was 7083.93. The lowest was 1.43. And the median was 5165.17.

BOM:505797's Days Payable is ranked worse than
97.44% of 78 companies
in the Diversified Financial Services industry
Industry Median: 80.825 vs BOM:505797: 5.74

Mipco Seamless Rings (Gujarat)'s Days Payable declined from Mar. 2025 (1,872.45) to Mar. 2026 (0.77). It may suggest that Mipco Seamless Rings (Gujarat) accelerated paying its suppliers.


Mipco Seamless Rings (Gujarat) Days Payable Historical Data

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The historical data trend for Mipco Seamless Rings (Gujarat)'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.

Mipco Seamless Rings (Gujarat) Days Payable Chart

Mipco Seamless Rings (Gujarat) 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 0.00 0.00 7,083.93 5,165.17 1.43

Mipco Seamless Rings (Gujarat) 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 1,872.45 0.00 32.85 26.79 0.77

BOM:505797 vs XXI, CCXI, DMII: Days Payable Comparison

For the Shell Companies subindustry, Mipco Seamless Rings (Gujarat)'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.


Mipco Seamless Rings (Gujarat) Days Payable vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Mipco Seamless Rings (Gujarat)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Mipco Seamless Rings (Gujarat)'s Days Payable falls into.


BOM:505797
21GF Score
Mipco Seamless Rings (Gujarat) Ltd BOM:505797
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Mipco Seamless Rings (Gujarat) 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.

Mipco Seamless Rings (Gujarat)'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
=( (0.056 + 0.258) / 2 ) / 40.213*365
=0.157 / 40.213*365
=1.43

Mipco Seamless Rings (Gujarat)'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 + 0.258) / 1 ) / 30.429*365 / 4
=0.258 / 30.429*365 / 4
=0.77

* 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 0.77 mean?
Mipco Seamless Rings (Gujarat) (BOM:505797) has a Days Payable of 0.77 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 Mipco Seamless Rings (Gujarat) and its competitors. This is 100% below median its historical median of 5,165.17. Over the past decade, Mipco Seamless Rings (Gujarat)'s Days Payable has ranged from 1.43 to 7,083.93. According to the industry distribution chart, Mipco Seamless Rings (Gujarat) ranks #76 out of 78 companies in the Diversified Financial Services industry, placing it in the top 97.4%.
Is Mipco Seamless Rings (Gujarat)'s Days Payable too high?
Mipco Seamless Rings (Gujarat)'s current Days Payable of 0.77 is 100% below median its 10-year median of 5,165.17. Over the past 10 years, this metric has ranged from a low of 1.43 to a high of 7,083.93. The Diversified Financial Services industry median Days Payable is 80.83. Mipco Seamless Rings (Gujarat)'s value of 0.77 is 99% below this industry median. Based on the distribution chart, Mipco Seamless Rings (Gujarat) ranks #76 out of 78 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, Mipco Seamless Rings (Gujarat) has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Mipco Seamless Rings (Gujarat)'s Days Payable compare to XXI and CCXI?
According to the Diversified Financial Services industry distribution chart, Mipco Seamless Rings (Gujarat) ranks #76 out of 78 companies for Days Payable. This places Mipco Seamless Rings (Gujarat) in the lower half of its industry. The industry median Days Payable is 80.83. Mipco Seamless Rings (Gujarat)'s value of 0.77 is 99% below this benchmark. Historically, Mipco Seamless Rings (Gujarat)'s own Days Payable has ranged from 1.43 to 7,083.93 over the past decade. While the company's 10-year median is 5,165.17 vs. the industry median of 80.83, Mipco Seamless Rings (Gujarat) 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 Diversified Financial Services company?
The median Days Payable among Diversified Financial Services companies is 80.83, based on 78 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. Mipco Seamless Rings (Gujarat)'s current Days Payable of 0.77 is 99% 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 Mipco Seamless Rings (Gujarat) and its competitors. For the Diversified Financial Services industry, the median Days Payable is 80.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mipco Seamless Rings (Gujarat)'s current Days Payable is 0.77, which is 100% below median its own 10-year median of 5,165.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mipco Seamless Rings (Gujarat) stock overvalued right now?
Mipco Seamless Rings (Gujarat) (BOM:505797) has a current Days Payable of 0.77. The current Days Payable is 0.77, which is 100% below median its 10-year median of 5,165.17 and 99% below the Diversified Financial Services industry median of 80.83. Mipco Seamless Rings (Gujarat)'s overall GF Score™ is 21/100. 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 Mipco Seamless Rings (Gujarat) (BOM:505797), the current Days Payable is 0.77 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.

Mipco Seamless Rings (Gujarat) Business Description

Address 23-88/7-1, RK Nagar, Anandbagh, Malkajgiri, Rangareddy, Hyderabad, TG, IND, 500047
Mipco Seamless Rings (Gujarat) Ltd was previously engaged in the business of the media, communication, and entertainment sector. Currently, it has no operations and is evaluating opportunities available in the current market scenario to revive its activities.
21GF Score

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₹22.80
Price