Innovative Tech Pack (BOM:523840) Days Payable: 123.36 (As of Mar. 2026) — 21% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:523840 Innovative Tech Pack Ltd BOM:523840
59 GF Score
Price ₹13.36
GF Value ₹22.17
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Innovative Tech Pack Days Payable?

Innovative Tech Pack BOM:523840 +0.53% 59 Days Payable is 123.36 as of Mar. 2026, which is 21% above its 10-year median of 101.72. GuruFocus rates BOM:523840 with a GF Score™ of 59/100 and a GF Value™ of ₹22.17 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 382 Packaging & Containers companies, Innovative Tech Pack ranks better than 83.77% on this metric.

Innovative Tech Pack's average Accounts Payable for the three months ended in Mar. 2026 was ₹261 Mil. Innovative Tech Pack's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹193 Mil. Hence, Innovative Tech Pack's Days Payable for the three months ended in Mar. 2026 was 123.36.

The historical rank and industry rank for Innovative Tech Pack's Days Payable or its related term are showing as below:

BOM:523840' s Days Payable Range Over the Past 10 Years
Min: 68.64   Med: 101.72   Max: 128.62
Current: 109.45

During the past 13 years, Innovative Tech Pack's highest Days Payable was 128.62. The lowest was 68.64. And the median was 101.72.

BOM:523840's Days Payable is ranked better than
83.77% of 382 companies
in the Packaging & Containers industry
Industry Median: 57.265 vs BOM:523840: 109.45

Innovative Tech Pack's Days Payable increased from Mar. 2025 (82.07) to Mar. 2026 (123.36). It may suggest that Innovative Tech Pack delayed paying its suppliers.


Innovative Tech Pack Days Payable Historical Data

* Premium members only.

The historical data trend for Innovative Tech Pack'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.

Innovative Tech Pack Days Payable Chart

Innovative Tech Pack 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 108.27 97.79 106.61 99.98 103.46

Innovative Tech Pack 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 82.07 84.46 126.67 116.28 123.36

BOM:523840 vs SW, PKG, IP: Days Payable Comparison

For the Packaging & Containers subindustry, Innovative Tech Pack'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.


Innovative Tech Pack Days Payable vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Innovative Tech Pack's Days Payable distribution charts can be found below:

* The bar in red indicates where Innovative Tech Pack's Days Payable falls into.


BOM:523840
59GF Score
Innovative Tech Pack Ltd BOM:523840
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Innovative Tech Pack 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.

Innovative Tech Pack'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
=( (184.798 + 261.403) / 2 ) / 787.091*365
=223.1005 / 787.091*365
=103.46

Innovative Tech Pack'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 + 261.403) / 1 ) / 193.367*365 / 4
=261.403 / 193.367*365 / 4
=123.36

* 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 123.36 mean?
Innovative Tech Pack (BOM:523840) has a Days Payable of 123.36 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 Innovative Tech Pack and its competitors. This is 21% above median its historical median of 101.72. Over the past decade, Innovative Tech Pack's Days Payable has ranged from 68.64 to 128.62. According to the industry distribution chart, Innovative Tech Pack ranks #62 out of 382 companies in the Packaging & Containers industry, placing it in the top 16.2%.
Is Innovative Tech Pack's Days Payable too high?
Innovative Tech Pack's current Days Payable of 123.36 is 21% above median its 10-year median of 101.72. Over the past 10 years, this metric has ranged from a low of 68.64 to a high of 128.62. The Packaging & Containers industry median Days Payable is 57.27. Innovative Tech Pack's value of 123.36 is 115.4% above this industry median. Based on the distribution chart, Innovative Tech Pack ranks #62 out of 382 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Innovative Tech Pack has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Innovative Tech Pack's Days Payable compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Innovative Tech Pack ranks #62 out of 382 companies for Days Payable. This places Innovative Tech Pack in the top 16% of its industry — outperforming the majority of peers. The industry median Days Payable is 57.27. Innovative Tech Pack's value of 123.36 is 115.4% above this benchmark. Historically, Innovative Tech Pack's own Days Payable has ranged from 68.64 to 128.62 over the past decade. While the company's 10-year median is 101.72 vs. the industry median of 57.27, Innovative Tech Pack has consistently been above 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 Packaging & Containers company?
The median Days Payable among Packaging & Containers companies is 57.27, based on 382 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. Innovative Tech Pack's current Days Payable of 123.36 is 115.4% above 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 Innovative Tech Pack and its competitors. For the Packaging & Containers industry, the median Days Payable is 57.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovative Tech Pack's current Days Payable is 123.36, which is 21% above median its own 10-year median of 101.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovative Tech Pack stock overvalued right now?
Based on GuruFocus' analysis, Innovative Tech Pack (BOM:523840) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹22.17, compared to a current price of ₹13.36 — trading 39.7% below its estimated fair value. The current Days Payable is 123.36, which is 21% above median its 10-year median of 101.72 and 115.4% above the Packaging & Containers industry median of 57.27. Innovative Tech Pack's overall GF Score™ is 59/100 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 Innovative Tech Pack (BOM:523840), the current Days Payable is 123.36 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 Innovative Tech Pack (BOM:523840) Overvalued in 2026?

Based on GuruFocus' analysis, Innovative Tech Pack stock appears to be undervalued. The current stock price of ₹13.36 is trading 39.7% below its estimated GF Value™ of ₹22.17. GuruFocus considers Innovative Tech Pack to be Significantly Undervalued.

Key valuation signals for BOM:523840:

  • Days Payable: 123.36 (21% above median its 10-year median of 101.72)
  • GF Value™: ₹22.17 vs. price of ₹13.36 (39.7% below fair value)
  • GF Score™: 59/100 with 4 warning signs
  • Industry Position: 115.4% above the Packaging & Containers median (#62 of 382)

No single metric tells the full story. See the BOM:523840 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Innovative Tech Pack Business Description

Address Sector-135, 803-805, 8th Floor, Tower-2, Assotech Business Cresterra, Noida, UP, IND, 201301
Innovative Tech Pack Ltd operates in the plastic packaging industry in India. The company is engaged in the business of manufacturing and reselling plastic bottles, jars, containers, pre-forms, and caps. Its product portfolio includes packaging for oils, liquor, medicinal syrups, sauces, insect repellents, honey, energy powders, candies, biscuits, mayonnaise, and dairy-based beverages. The company serves clients in various industries, including food, confectionery, beverage, consumer care, pharmaceutical, dairy, and other industries.
59GF Score

Get the complete analysis for BOM:523840

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

₹13.36
Price
₹22.17
GF Value