Alfa Ica (India) (BOM:530973) Days Payable: 46.10 (As of Mar. 2026) — Near 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:530973 Alfa Ica (India) Ltd BOM:530973
64 GF Score
Price ₹75.44
GF Value ₹92.37
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Alfa Ica (India) Days Payable?

Alfa Ica (India) BOM:530973 -4.99% 64 Days Payable is 46.10 as of Mar. 2026, which is 4% above its 10-year median of 44.13. GuruFocus rates BOM:530973 with a GF Score™ of 64/100 and a GF Value™ of ₹92.37 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 416 Furnishings, Fixtures & Appliances companies, Alfa Ica (India) ranks worse than 65.63% on this metric.

Alfa Ica (India)'s average Accounts Payable for the three months ended in Mar. 2026 was ₹82.0 Mil. Alfa Ica (India)'s Cost of Goods Sold for the three months ended in Mar. 2026 was ₹162.3 Mil. Hence, Alfa Ica (India)'s Days Payable for the three months ended in Mar. 2026 was 46.10.

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

BOM:530973' s Days Payable Range Over the Past 10 Years
Min: 32.28   Med: 44.13   Max: 49.59
Current: 49.59

During the past 13 years, Alfa Ica (India)'s highest Days Payable was 49.59. The lowest was 32.28. And the median was 44.13.

BOM:530973's Days Payable is ranked worse than
65.63% of 416 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 63.745 vs BOM:530973: 49.59

Alfa Ica (India)'s Days Payable increased from Mar. 2025 (38.97) to Mar. 2026 (46.10). It may suggest that Alfa Ica (India) delayed paying its suppliers.


Alfa Ica (India) Days Payable Historical Data

* Premium members only.

The historical data trend for Alfa Ica (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.

Alfa Ica (India) Days Payable Chart

Alfa Ica (India) 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 44.88 44.05 37.99 44.21 44.77

Alfa Ica (India) 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 38.97 35.52 70.42 58.84 46.10

BOM:530973 vs SN, SGI, MHK: Days Payable Comparison

For the Furnishings, Fixtures & Appliances subindustry, Alfa Ica (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.


Alfa Ica (India) Days Payable vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Alfa Ica (India)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Alfa Ica (India)'s Days Payable falls into.


BOM:530973
64GF Score
Alfa Ica (India) Ltd BOM:530973
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alfa Ica (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.

Alfa Ica (India)'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
=( (46.639 + 81.986) / 2 ) / 524.366*365
=64.3125 / 524.366*365
=44.77

Alfa Ica (India)'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 + 81.986) / 1 ) / 162.279*365 / 4
=81.986 / 162.279*365 / 4
=46.10

* 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 46.10 mean?
Alfa Ica (India) (BOM:530973) has a Days Payable of 46.10 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 Alfa Ica (India) and its competitors. This is near median its historical median of 44.13. Over the past decade, Alfa Ica (India)'s Days Payable has ranged from 32.28 to 49.59. According to the industry distribution chart, Alfa Ica (India) ranks #273 out of 416 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 65.6%.
Is Alfa Ica (India)'s Days Payable too high?
Alfa Ica (India)'s current Days Payable of 46.10 is near median its 10-year median of 44.13. Over the past 10 years, this metric has ranged from a low of 32.28 to a high of 49.59. The Furnishings, Fixtures & Appliances industry median Days Payable is 63.75. Alfa Ica (India)'s value of 46.10 is 27.7% below this industry median. Based on the distribution chart, Alfa Ica (India) ranks #273 out of 416 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Alfa Ica (India) has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alfa Ica (India)'s Days Payable compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Alfa Ica (India) ranks #273 out of 416 companies for Days Payable. This places Alfa Ica (India) in the lower half of its industry. The industry median Days Payable is 63.75. Alfa Ica (India)'s value of 46.10 is 27.7% below this benchmark. Historically, Alfa Ica (India)'s own Days Payable has ranged from 32.28 to 49.59 over the past decade. While the company's 10-year median is 44.13 vs. the industry median of 63.75, Alfa Ica (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 Furnishings, Fixtures & Appliances company?
The median Days Payable among Furnishings, Fixtures & Appliances companies is 63.75, based on 416 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. Alfa Ica (India)'s current Days Payable of 46.10 is 27.7% 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 Alfa Ica (India) and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Days Payable is 63.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alfa Ica (India)'s current Days Payable is 46.10, which is near median its own 10-year median of 44.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alfa Ica (India) stock overvalued right now?
Based on GuruFocus' analysis, Alfa Ica (India) (BOM:530973) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹92.37, compared to a current price of ₹75.44 — trading 18.3% below its estimated fair value. The current Days Payable is 46.10, which is near median its 10-year median of 44.13 and 27.7% below the Furnishings, Fixtures & Appliances industry median of 63.75. Alfa Ica (India)'s overall GF Score™ is 64/100 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 Alfa Ica (India) (BOM:530973), the current Days Payable is 46.10 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 Alfa Ica (India) (BOM:530973) Overvalued in 2026?

Based on GuruFocus' analysis, Alfa Ica (India) stock appears to be undervalued. The current stock price of ₹75.44 is trading 18.3% below its estimated GF Value™ of ₹92.37. GuruFocus considers Alfa Ica (India) to be Modestly Undervalued.

Key valuation signals for BOM:530973:

  • Days Payable: 46.10 (near median its 10-year median of 44.13)
  • GF Value™: ₹92.37 vs. price of ₹75.44 (18.3% below fair value)
  • GF Score™: 64/100 with 3 warning signs
  • Industry Position: 27.7% below the Furnishings, Fixtures & Appliances median (#273 of 416)

No single metric tells the full story. See the BOM:530973 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alfa Ica (India) Business Description

Address Satellite Road, Alfa Pallazzo, Near Shivranjani Cross Road, Jodhpur Village, Ahmedabad, GJ, IND, 380015
Alfa Ica (India) Ltd is an India-based company engaged in the process of manufacturing High-Pressure Laminate Sheets and Compacts, which are available in different colors, designs, and textures. The Laminate sheets are used for various applications in areas including Furniture Covering, Wall Paneling, Partitions, Door Covering, and Shower Panels. It generates revenue from Decorative laminates. Geographically, it derives a majority of its revenue from its customers located outside India.
64GF Score

Get the complete analysis for BOM:530973

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

₹75.44
Price
₹92.37
GF Value