Indian Toners & Developers (BOM:523586) Days Payable: 34.40 (As of Mar. 2026) — 52% Below Median

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BOM:523586 Indian Toners & Developers Ltd BOM:523586
81 GF Score
Price ₹55.53
GF Value ₹60.32
Valuation Fairly Valued
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What is Indian Toners & Developers Days Payable?

Indian Toners & Developers BOM:523586 -4.83% 81 Days Payable is 34.40 as of Mar. 2026, which is 52% below its 10-year median of 72.40. GuruFocus rates BOM:523586 with a GF Score™ of 81/100 and a GF Value™ of ₹60.32 (Fairly Valued). Among 1,554 Chemicals companies, Indian Toners & Developers ranks worse than 73.17% on this metric.

Indian Toners & Developers's average Accounts Payable for the three months ended in Mar. 2026 was ₹80 Mil. Indian Toners & Developers's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹211 Mil. Hence, Indian Toners & Developers's Days Payable for the three months ended in Mar. 2026 was 34.40.

The historical rank and industry rank for Indian Toners & Developers's Days Payable or its related term are showing as below:

BOM:523586' s Days Payable Range Over the Past 10 Years
Min: 27.5   Med: 72.4   Max: 91.6
Current: 36.46

During the past 13 years, Indian Toners & Developers's highest Days Payable was 91.60. The lowest was 27.50. And the median was 72.40.

BOM:523586's Days Payable is ranked worse than
73.17% of 1554 companies
in the Chemicals industry
Industry Median: 59.875 vs BOM:523586: 36.46

Indian Toners & Developers's Days Payable declined from Mar. 2025 (46.23) to Mar. 2026 (34.40). It may suggest that Indian Toners & Developers accelerated paying its suppliers.


Indian Toners & Developers Days Payable Historical Data

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The historical data trend for Indian Toners & Developers'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.

Indian Toners & Developers Days Payable Chart

Indian Toners & Developers 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 75.83 44.64 27.50 36.07 37.97

Indian Toners & Developers 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 46.23 51.07 27.06 24.78 34.40

BOM:523586 vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Indian Toners & Developers'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.


Indian Toners & Developers Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Indian Toners & Developers's Days Payable distribution charts can be found below:

* The bar in red indicates where Indian Toners & Developers's Days Payable falls into.


BOM:523586
81GF Score
Indian Toners & Developers Ltd BOM:523586
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Indian Toners & Developers 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.

Indian Toners & Developers'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
=( (95.947 + 79.543) / 2 ) / 843.473*365
=87.745 / 843.473*365
=37.97

Indian Toners & Developers'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 + 79.543) / 1 ) / 210.969*365 / 4
=79.543 / 210.969*365 / 4
=34.40

* 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 34.40 mean?
Indian Toners & Developers (BOM:523586) has a Days Payable of 34.40 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 Indian Toners & Developers and its competitors. This is 52% below median its historical median of 72.40. Over the past decade, Indian Toners & Developers' Days Payable has ranged from 27.50 to 91.60. According to the industry distribution chart, Indian Toners & Developers ranks #1137 out of 1554 companies in the Chemicals industry, placing it in the top 73.2%.
Is Indian Toners & Developers' Days Payable too high?
Indian Toners & Developers' current Days Payable of 34.40 is 52% below median its 10-year median of 72.40. Over the past 10 years, this metric has ranged from a low of 27.50 to a high of 91.60. The Chemicals industry median Days Payable is 59.88. Indian Toners & Developers' value of 34.40 is 42.5% below this industry median. Based on the distribution chart, Indian Toners & Developers ranks #1137 out of 1554 companies in the Chemicals industry, which is below the industry midpoint. Overall, Indian Toners & Developers has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indian Toners & Developers' Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Indian Toners & Developers ranks #1137 out of 1554 companies for Days Payable. This places Indian Toners & Developers in the lower half of its industry. The industry median Days Payable is 59.88. Indian Toners & Developers' value of 34.40 is 42.5% below this benchmark. Historically, Indian Toners & Developers' own Days Payable has ranged from 27.50 to 91.60 over the past decade. While the company's 10-year median is 72.40 vs. the industry median of 59.88, Indian Toners & Developers 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.88, based on 1,554 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. Indian Toners & Developers's current Days Payable of 34.40 is 42.5% 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 Indian Toners & Developers and its competitors. For the Chemicals industry, the median Days Payable is 59.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Toners & Developers's current Days Payable is 34.40, which is 52% below median its own 10-year median of 72.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Toners & Developers stock overvalued right now?
Based on GuruFocus' analysis, Indian Toners & Developers (BOM:523586) is currently considered Fairly Valued. The stock's GF Value™ is ₹60.32, compared to a current price of ₹55.53 — trading 7.9% below its estimated fair value. The current Days Payable is 34.40, which is 52% below median its 10-year median of 72.40 and 42.5% below the Chemicals industry median of 59.88. Indian Toners & Developers' overall GF Score™ is 81/100. 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 Indian Toners & Developers (BOM:523586), the current Days Payable is 34.40 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 Indian Toners & Developers (BOM:523586) Overvalued in 2026?

Based on GuruFocus' analysis, Indian Toners & Developers stock appears to be undervalued. The current stock price of ₹55.53 is trading 7.9% below its estimated GF Value™ of ₹60.32. GuruFocus considers Indian Toners & Developers to be Fairly Valued.

Key valuation signals for BOM:523586:

  • Days Payable: 34.40 (52% below median its 10-year median of 72.40)
  • GF Value™: ₹60.32 vs. price of ₹55.53 (7.9% below fair value)
  • GF Score™: 81/100
  • Industry Position: 42.5% below the Chemicals median (#1137 of 1554)

No single metric tells the full story. See the BOM:523586 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indian Toners & Developers Business Description

Address 1223, DLF Tower - B, Jasola, New Delhi, IND, 110 025
Indian Toners & Developers Ltd is a manufacturer of toners and developers. The company is engaged in the business of producing and exporting compatible toners for use in laser printers, the new age digital machines, multi-function printers, analogue copiers as well as wide-format printers and copiers. The only reporting segment of the company is a manufacturer of compatible toner. Its geographical segment includes Domestic sales and Export sales. The company's product consists of chemical color toner, laser toner, copier or digital toner, wide format copiers and printer toner and packaging.
81GF Score

Get the complete analysis for BOM:523586

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

₹55.53
Price
₹60.32
GF Value