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Kanishk Steel IndustriesBOM:513456 -0.19%64 Days Payable is 9.89 as of Mar. 2026, which is 68% below its 10-year median of 31.29. GuruFocus rates BOM:513456 with a GF Score™ of 64/100 and a GF Value™ of ₹36.51 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 598 Steel companies, Kanishk Steel Industries ranks worse than 81.27% on this metric.
* 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.
BOM:513456 vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, Kanishk Steel 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.
Kanishk Steel Industries Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Kanishk Steel Industries's Days Payable distribution charts can be found below:
* The bar in red indicates where Kanishk Steel Industries's Days Payable falls into.
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.
Kanishk Steel Industries's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
Kanishk Steel Industries (BOM:513456) has a Days Payable of 9.89 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 Kanishk Steel Industries and its competitors. This is 68% below median its historical median of 31.29. Over the past decade, Kanishk Steel Industries' Days Payable has ranged from 15.38 to 84.24. According to the industry distribution chart, Kanishk Steel Industries ranks #486 out of 598 companies in the Steel industry, placing it in the top 81.3%.
Is Kanishk Steel Industries' Days Payable too high?
Kanishk Steel Industries' current Days Payable of 9.89 is 68% below median its 10-year median of 31.29. Over the past 10 years, this metric has ranged from a low of 15.38 to a high of 84.24. The Steel industry median Days Payable is 41.37. Kanishk Steel Industries' value of 9.89 is 76.1% below this industry median. Based on the distribution chart, Kanishk Steel Industries ranks #486 out of 598 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Kanishk Steel Industries has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kanishk Steel Industries' Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Kanishk Steel Industries ranks #486 out of 598 companies for Days Payable. This places Kanishk Steel Industries in the lower half of its industry. The industry median Days Payable is 41.37. Kanishk Steel Industries' value of 9.89 is 76.1% below this benchmark. Historically, Kanishk Steel Industries' own Days Payable has ranged from 15.38 to 84.24 over the past decade. While the company's 10-year median is 31.29 vs. the industry median of 41.37, Kanishk Steel 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 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. Kanishk Steel Industries's current Days Payable of 9.89 is 76.1% 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 Kanishk Steel Industries 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. Kanishk Steel Industries's current Days Payable is 9.89, which is 68% below median its own 10-year median of 31.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kanishk Steel Industries stock overvalued right now?
Based on GuruFocus' analysis, Kanishk Steel Industries (BOM:513456) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹36.51, compared to a current price of ₹52.48 — trading 43.7% above its estimated fair value. The current Days Payable is 9.89, which is 68% below median its 10-year median of 31.29 and 76.1% below the Steel industry median of 41.37. Kanishk Steel Industries' overall GF Score™ is 64/100 with 4 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 Kanishk Steel Industries (BOM:513456), the current Days Payable is 9.89 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 Kanishk Steel Industries (BOM:513456) Overvalued in 2026?
Based on GuruFocus' analysis, Kanishk Steel Industries stock appears to be overvalued.
The current stock price of ₹52.48 is trading 43.7% above its estimated GF Value™ of ₹36.51.
GuruFocus considers Kanishk Steel Industries to be Significantly Overvalued.
Key valuation signals for BOM:513456:
Days Payable: 9.89 (68% below median its 10-year median of 31.29)
GF Value™: ₹36.51 vs. price of ₹52.48 (43.7% above fair value)
Industry Position: 76.1% below the Steel median (#486 of 598)
No single metric tells the full story. See the BOM:513456 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kanishk Steel Industries Ltd is engaged in the manufacture and supply of Iron and Steel Products. The company manufactures steel products (Finished goods), both Constructional steel and Structural steel. Its products include TMT Bars, Structurals, and Sponge Iron.
64GF Score
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