Panjon (BOM:526345) Days Payable: 2.50 (As of Mar. 2026) — 54% Below Median

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Charlie Tian
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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:526345 Panjon Ltd BOM:526345
61 GF Score
Price ₹18.50
GF Value ₹68.94
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Panjon Days Payable?

Panjon BOM:526345 +2.38% 61 Days Payable is 2.50 as of Mar. 2026, which is 54% below its 10-year median of 5.46. GuruFocus rates BOM:526345 with a GF Score™ of 61/100 and a GF Value™ of ₹68.94 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,889 Consumer Packaged Goods companies, Panjon ranks worse than 99.36% on this metric.

Panjon's average Accounts Payable for the three months ended in Mar. 2026 was ₹2.9 Mil. Panjon's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹107.3 Mil. Hence, Panjon's Days Payable for the three months ended in Mar. 2026 was 2.50.

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

BOM:526345' s Days Payable Range Over the Past 10 Years
Min: 2.1   Med: 5.46   Max: 51.93
Current: 2.13

During the past 11 years, Panjon's highest Days Payable was 51.93. The lowest was 2.10. And the median was 5.46.

BOM:526345's Days Payable is ranked worse than
99.36% of 1889 companies
in the Consumer Packaged Goods industry
Industry Median: 44.15 vs BOM:526345: 2.13

Panjon's Days Payable increased from Mar. 2025 (1.92) to Mar. 2026 (2.50). It may suggest that Panjon delayed paying its suppliers.


Panjon Days Payable Historical Data

* Premium members only.

The historical data trend for Panjon'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.

Panjon Days Payable Chart

Panjon 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 46.51 51.93 10.67 2.99 2.58

Panjon 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 1.92 5.30 0.97 1.02 2.50

BOM:526345 vs KHC, GIS: Days Payable Comparison

For the Packaged Foods subindustry, Panjon'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.


Panjon Days Payable vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Panjon's Days Payable distribution charts can be found below:

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


BOM:526345
61GF Score
Panjon Ltd BOM:526345
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Panjon 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.

Panjon'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
=( (2.512 + 2.937) / 2 ) / 384.76*365
=2.7245 / 384.76*365
=2.58

Panjon'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 + 2.937) / 1 ) / 107.266*365 / 4
=2.937 / 107.266*365 / 4
=2.50

* 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 2.50 mean?
Panjon (BOM:526345) has a Days Payable of 2.50 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 Panjon and its competitors. This is 54% below median its historical median of 5.46. Over the past decade, Panjon's Days Payable has ranged from 2.10 to 51.93. According to the industry distribution chart, Panjon ranks #1877 out of 1889 companies in the Consumer Packaged Goods industry, placing it in the top 99.4%.
Is Panjon's Days Payable too high?
Panjon's current Days Payable of 2.50 is 54% below median its 10-year median of 5.46. Over the past 10 years, this metric has ranged from a low of 2.10 to a high of 51.93. The Consumer Packaged Goods industry median Days Payable is 44.15. Panjon's value of 2.50 is 94.3% below this industry median. Based on the distribution chart, Panjon ranks #1877 out of 1889 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Panjon has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Panjon's Days Payable compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Panjon ranks #1877 out of 1889 companies for Days Payable. This places Panjon in the lower half of its industry. The industry median Days Payable is 44.15. Panjon's value of 2.50 is 94.3% below this benchmark. Historically, Panjon's own Days Payable has ranged from 2.10 to 51.93 over the past decade. While the company's 10-year median is 5.46 vs. the industry median of 44.15, Panjon 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 Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 44.15, based on 1,889 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. Panjon's current Days Payable of 2.50 is 94.3% 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 Panjon and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 44.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Panjon's current Days Payable is 2.50, which is 54% below median its own 10-year median of 5.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Panjon stock overvalued right now?
Based on GuruFocus' analysis, Panjon (BOM:526345) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹68.94, compared to a current price of ₹18.50 — trading 73.2% below its estimated fair value. The current Days Payable is 2.50, which is 54% below median its 10-year median of 5.46 and 94.3% below the Consumer Packaged Goods industry median of 44.15. Panjon's overall GF Score™ is 61/100 with 3 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 Panjon (BOM:526345), the current Days Payable is 2.50 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 Panjon (BOM:526345) Overvalued in 2026?

Based on GuruFocus' analysis, Panjon stock appears to be undervalued. The current stock price of ₹18.50 is trading 73.2% below its estimated GF Value™ of ₹68.94. GuruFocus considers Panjon to be Significantly Undervalued.

Key valuation signals for BOM:526345:

  • Days Payable: 2.50 (54% below median its 10-year median of 5.46)
  • GF Value™: ₹68.94 vs. price of ₹18.50 (73.2% below fair value)
  • GF Score™: 61/100 with 3 warning signs
  • Industry Position: 94.3% below the Consumer Packaged Goods median (#1877 of 1889)

No single metric tells the full story. See the BOM:526345 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Panjon Business Description

Address Airport Bijasan Road, 01, Panjon Farm House, Near Hinkargiri Jain Tirth, Indore, MP, IND, 452005
Panjon Ltd is engaged in the business of manufacturing and trading of Allopathic and Ayurvedic medicines. Its product portfolio includes - panjon tablet, panjon balm, panjon inhaler, panjon cough drops, swad digestive drops, swad chatpati digestive drops, percy masala candy, kery cough drops, panjon dental care cream, swad energy drink, and many more.
61GF Score

Get the complete analysis for BOM:526345

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

₹18.50
Price
₹68.94
GF Value