Maxgrow India (BOM:521167) Days Payable: 7.23 (As of Dec. 2025) — 96% Below Median

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BOM:521167 Maxgrow India Ltd BOM:521167
26 GF Score
Price ₹72.98
! 4 Warning Signs
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What is Maxgrow India Days Payable?

Maxgrow India BOM:521167 -3.97% 26 Days Payable is 7.23 as of Dec. 2025, which is 96% below its 10-year median of 194.42. GuruFocus rates BOM:521167 with a GF Score™ of 26/100. The stock has 4 warning signs investors should review. Among 946 Business Services companies, Maxgrow India ranks worse than 90.91% on this metric.

Maxgrow India's average Accounts Payable for the three months ended in Dec. 2025 was ₹4,724 Mil. Maxgrow India's Cost of Goods Sold for the three months ended in Dec. 2025 was ₹59,616 Mil. Hence, Maxgrow India's Days Payable for the three months ended in Dec. 2025 was 7.23.

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

BOM:521167' s Days Payable Range Over the Past 10 Years
Min: 0.74   Med: 194.42   Max: 1062730.68
Current: 5.92

During the past 13 years, Maxgrow India's highest Days Payable was 1062730.68. The lowest was 0.74. And the median was 194.42.

BOM:521167's Days Payable is ranked worse than
90.91% of 946 companies
in the Business Services industry
Industry Median: 45.785 vs BOM:521167: 5.92

Maxgrow India's Days Payable increased from Sep. 2024 (0.00) to Dec. 2025 (7.23). It may suggest that Maxgrow India delayed paying its suppliers.


Maxgrow India Days Payable Historical Data

* Premium members only.

The historical data trend for Maxgrow India'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.

Maxgrow India Days Payable Chart

Maxgrow India Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9,001.36 0.00 0.00 0.00 30,941.23

Maxgrow India Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Jun25 Sep25 Dec25
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 0.00 2,926.45 0.00 8.31 7.23

BOM:521167 vs KFY, RHI, TNET: Days Payable Comparison

For the Staffing & Employment Services subindustry, Maxgrow India'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.


Maxgrow India Days Payable vs Business Services Industry

For the Business Services industry and Industrials sector, Maxgrow India's Days Payable distribution charts can be found below:

* The bar in red indicates where Maxgrow India's Days Payable falls into.


BOM:521167
26GF Score
Maxgrow India Ltd BOM:521167
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Maxgrow India 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.

Maxgrow India's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

Days Payable (A: Mar. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2023 ) + Accounts Payable (A: Mar. 2024 )) / count ) / Cost of Goods Sold (A: Mar. 2024 )*Days in Period
=( (0 + 15.513) / 1 ) / 0.183*365
=15.513 / 0.183*365
=30,941.23

Maxgrow India's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (4723.732 + 0) / 1 ) / 59616.261*365 / 4
=4723.732 / 59616.261*365 / 4
=7.23

* 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 7.23 mean?
Maxgrow India (BOM:521167) has a Days Payable of 7.23 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Maxgrow India and its competitors. This is 96% below median its historical median of 194.42. Over the past decade, Maxgrow India's Days Payable has ranged from 0.74 to 1,062,730.68. According to the industry distribution chart, Maxgrow India ranks #860 out of 946 companies in the Business Services industry, placing it in the top 90.9%.
Is Maxgrow India's Days Payable too high?
Maxgrow India's current Days Payable of 7.23 is 96% below median its 10-year median of 194.42. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 1,062,730.68. The Business Services industry median Days Payable is 45.79. Maxgrow India's value of 7.23 is 84.2% below this industry median. Based on the distribution chart, Maxgrow India ranks #860 out of 946 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Maxgrow India has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Maxgrow India's Days Payable compare to KFY and RHI?
According to the Business Services industry distribution chart, Maxgrow India ranks #860 out of 946 companies for Days Payable. This places Maxgrow India in the lower half of its industry. The industry median Days Payable is 45.79. Maxgrow India's value of 7.23 is 84.2% below this benchmark. Historically, Maxgrow India's own Days Payable has ranged from 0.74 to 1,062,730.68 over the past decade. While the company's 10-year median is 194.42 vs. the industry median of 45.79, Maxgrow India 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 Business Services company?
The median Days Payable among Business Services companies is 45.79, based on 946 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. Maxgrow India's current Days Payable of 7.23 is 84.2% 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 Maxgrow India and its competitors. For the Business Services industry, the median Days Payable is 45.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maxgrow India's current Days Payable is 7.23, which is 96% below median its own 10-year median of 194.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maxgrow India stock overvalued right now?
Maxgrow India (BOM:521167) has a current Days Payable of 7.23. The current Days Payable is 7.23, which is 96% below median its 10-year median of 194.42 and 84.2% below the Business Services industry median of 45.79. Maxgrow India's overall GF Score™ is 26/100 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 Maxgrow India (BOM:521167), the current Days Payable is 7.23 as of Dec. 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.

Maxgrow India Business Description

Address Y. G. Seth Marg, Suchita Business Park, Ground Floor, Office No. UG-50, Ghatkopar - East, Mumbai, MH, IND, 400075
Maxgrow India Ltd is engaged in metals trading with presence in ferrous and nonferrous scrap metals, industrial solutions, sustainable recycling, and value-added metal processing. The company also focuses on large-scale infrastructure projects in the mining and recycling sectors.
26GF Score

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

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