Aviva Industries (BOM:512109) Days Payable: 3.64 (As of Mar. 2026) — 94% Below Median

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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:512109 Aviva Industries Ltd BOM:512109
56 GF Score
Price ₹62.22
GF Value ₹239.23
Valuation Possible Value Trap
! 5 Warning Signs
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What is Aviva Industries Days Payable?

Aviva Industries BOM:512109 +2.00% 56 Days Payable is 3.64 as of Mar. 2026, which is 94% below its 10-year median of 59.08. GuruFocus rates BOM:512109 with a GF Score™ of 56/100 and a GF Value™ of ₹239.23 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 395 Building Materials companies, Aviva Industries ranks worse than 100% on this metric.

Aviva Industries's average Accounts Payable for the three months ended in Mar. 2026 was ₹25.4 Mil. Aviva Industries's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹635.4 Mil. Hence, Aviva Industries's Days Payable for the three months ended in Mar. 2026 was 3.64.

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

BOM:512109' s Days Payable Range Over the Past 10 Years
Min: 1.37   Med: 59.08   Max: 797.72
Current: 8.14

During the past 13 years, Aviva Industries's highest Days Payable was 797.72. The lowest was 1.37. And the median was 59.08.

BOM:512109's Days Payable is ranked worse than
100% of 395 companies
in the Building Materials industry
Industry Median: 69.35 vs BOM:512109: 8.14

Aviva Industries's Days Payable declined from Mar. 2025 (400.01) to Mar. 2026 (3.64). It may suggest that Aviva Industries accelerated paying its suppliers.


Aviva Industries Days Payable Historical Data

* Premium members only.

The historical data trend for Aviva Industries'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.

Aviva Industries Days Payable Chart

Aviva Industries 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 92.93 1.37 25.22 797.72 6.08

Aviva Industries 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 400.01 0.00 88.50 19.98 3.64

BOM:512109 vs CRH, VMC, MLM: Days Payable Comparison

For the Building Materials subindustry, Aviva Industries'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.


Aviva Industries Days Payable vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Aviva Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Aviva Industries's Days Payable falls into.


BOM:512109
56GF Score
Aviva Industries Ltd BOM:512109
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aviva Industries 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.

Aviva Industries'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
=( (0.695 + 25.367) / 2 ) / 782.799*365
=13.031 / 782.799*365
=6.08

Aviva Industries'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 + 25.367) / 1 ) / 635.378*365 / 4
=25.367 / 635.378*365 / 4
=3.64

* 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 3.64 mean?
Aviva Industries (BOM:512109) has a Days Payable of 3.64 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 Aviva Industries and its competitors. This is 94% below median its historical median of 59.08. Over the past decade, Aviva Industries' Days Payable has ranged from 1.37 to 797.72. According to the industry distribution chart, Aviva Industries ranks #395 out of 395 companies in the Building Materials industry.
Is Aviva Industries' Days Payable too high?
Aviva Industries' current Days Payable of 3.64 is 94% below median its 10-year median of 59.08. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 797.72. The Building Materials industry median Days Payable is 69.35. Aviva Industries' value of 3.64 is 94.8% below this industry median. Based on the distribution chart, Aviva Industries ranks #395 out of 395 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Aviva Industries has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Aviva Industries' Days Payable compare to CRH and VMC?
According to the Building Materials industry distribution chart, Aviva Industries ranks #395 out of 395 companies for Days Payable. This places Aviva Industries in the lower half of its industry. The industry median Days Payable is 69.35. Aviva Industries' value of 3.64 is 94.8% below this benchmark. Historically, Aviva Industries' own Days Payable has ranged from 1.37 to 797.72 over the past decade. While the company's 10-year median is 59.08 vs. the industry median of 69.35, Aviva Industries 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 Building Materials company?
The median Days Payable among Building Materials companies is 69.35, based on 395 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. Aviva Industries's current Days Payable of 3.64 is 94.8% 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 Aviva Industries and its competitors. For the Building Materials industry, the median Days Payable is 69.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aviva Industries's current Days Payable is 3.64, which is 94% below median its own 10-year median of 59.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aviva Industries stock overvalued right now?
Based on GuruFocus' analysis, Aviva Industries (BOM:512109) is currently considered Possible Value Trap. The stock's GF Value™ is ₹239.23, compared to a current price of ₹62.22 — trading 74% below its estimated fair value. The current Days Payable is 3.64, which is 94% below median its 10-year median of 59.08 and 94.8% below the Building Materials industry median of 69.35. Aviva Industries' overall GF Score™ is 56/100 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 Aviva Industries (BOM:512109), the current Days Payable is 3.64 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 Aviva Industries (BOM:512109) Overvalued in 2026?

Based on GuruFocus' analysis, Aviva Industries stock appears to be undervalued. The current stock price of ₹62.22 is trading 74% below its estimated GF Value™ of ₹239.23. GuruFocus considers Aviva Industries to be Possible Value Trap.

Key valuation signals for BOM:512109:

  • Days Payable: 3.64 (94% below median its 10-year median of 59.08)
  • GF Value™: ₹239.23 vs. price of ₹62.22 (74% below fair value)
  • GF Score™: 56/100 with 5 warning signs
  • Industry Position: 94.8% below the Building Materials median (#395 of 395)

No single metric tells the full story. See the BOM:512109 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aviva Industries Business Description

Address S. G. Highway, Near Thaltej Cross Road, C-3/1001, Anushruti Tower, Near Jain Temple, Opposite New York Tower, Ahmedabad, GJ, IND, 380054
Aviva Industries Ltd is engaged in the manufacturing and trading of glass in primary and semi-manufactured forms. The company's core business is trading and Manufacturing of Glass and Glass Mosaic Products and Construction Chemicals.
56GF Score

Get the complete analysis for BOM:512109

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

₹62.22
Price
₹239.23
GF Value