Mercury Ev-Tech (BOM:531357) Days Payable: 230.49 (As of Mar. 2026) — 89% Above Median

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BOM:531357 Mercury Ev-Tech Ltd BOM:531357
63 GF Score
Price ₹35.28
GF Value ₹160.26
Valuation Possible Value Trap
! 5 Warning Signs
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What is Mercury Ev-Tech Days Payable?

Mercury Ev-Tech BOM:531357 -1.01% 63 Days Payable is 230.49 as of Mar. 2026, which is 89% above its 10-year median of 122.23. GuruFocus rates BOM:531357 with a GF Score™ of 63/100 and a GF Value™ of ₹160.26 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,306 Vehicles & Parts companies, Mercury Ev-Tech ranks better than 82.47% on this metric.

Mercury Ev-Tech's average Accounts Payable for the three months ended in Mar. 2026 was ₹422 Mil. Mercury Ev-Tech's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹167 Mil. Hence, Mercury Ev-Tech's Days Payable for the three months ended in Mar. 2026 was 230.49.

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

BOM:531357' s Days Payable Range Over the Past 10 Years
Min: 72.08   Med: 122.23   Max: 429.95
Current: 147.26

During the past 13 years, Mercury Ev-Tech's highest Days Payable was 429.95. The lowest was 72.08. And the median was 122.23.

BOM:531357's Days Payable is ranked better than
82.47% of 1306 companies
in the Vehicles & Parts industry
Industry Median: 67.255 vs BOM:531357: 147.26

Mercury Ev-Tech's Days Payable increased from Mar. 2025 (68.07) to Mar. 2026 (230.49). It may suggest that Mercury Ev-Tech delayed paying its suppliers.


Mercury Ev-Tech Days Payable Historical Data

* Premium members only.

The historical data trend for Mercury Ev-Tech'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.

Mercury Ev-Tech Days Payable Chart

Mercury Ev-Tech 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 0.00 90.06 122.23 72.08 153.17

Mercury Ev-Tech 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 68.07 120.24 100.27 144.46 230.49

BOM:531357 vs TSLA, GM, F: Days Payable Comparison

For the Auto Manufacturers subindustry, Mercury Ev-Tech'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.


Mercury Ev-Tech Days Payable vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mercury Ev-Tech's Days Payable distribution charts can be found below:

* The bar in red indicates where Mercury Ev-Tech's Days Payable falls into.


BOM:531357
63GF Score
Mercury Ev-Tech Ltd BOM:531357
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Mercury Ev-Tech 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.

Mercury Ev-Tech'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
=( (199.153 + 421.75) / 2 ) / 739.777*365
=310.4515 / 739.777*365
=153.17

Mercury Ev-Tech'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 + 421.75) / 1 ) / 166.966*365 / 4
=421.75 / 166.966*365 / 4
=230.49

* 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 230.49 mean?
Mercury Ev-Tech (BOM:531357) has a Days Payable of 230.49 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 Mercury Ev-Tech and its competitors. This is 89% above median its historical median of 122.23. Over the past decade, Mercury Ev-Tech's Days Payable has ranged from 72.08 to 429.95. According to the industry distribution chart, Mercury Ev-Tech ranks #229 out of 1306 companies in the Vehicles & Parts industry, placing it in the top 17.5%.
Is Mercury Ev-Tech's Days Payable too high?
Mercury Ev-Tech's current Days Payable of 230.49 is 89% above median its 10-year median of 122.23. Over the past 10 years, this metric has ranged from a low of 72.08 to a high of 429.95. The Vehicles & Parts industry median Days Payable is 67.26. Mercury Ev-Tech's value of 230.49 is 242.7% above this industry median. Based on the distribution chart, Mercury Ev-Tech ranks #229 out of 1306 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Mercury Ev-Tech has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mercury Ev-Tech's Days Payable compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Mercury Ev-Tech ranks #229 out of 1306 companies for Days Payable. This places Mercury Ev-Tech in the top 18% of its industry — outperforming the majority of peers. The industry median Days Payable is 67.26. Mercury Ev-Tech's value of 230.49 is 242.7% above this benchmark. Historically, Mercury Ev-Tech's own Days Payable has ranged from 72.08 to 429.95 over the past decade. While the company's 10-year median is 122.23 vs. the industry median of 67.26, Mercury Ev-Tech 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 Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.26, based on 1,306 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. Mercury Ev-Tech's current Days Payable of 230.49 is 242.7% 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 Mercury Ev-Tech and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercury Ev-Tech's current Days Payable is 230.49, which is 89% above median its own 10-year median of 122.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercury Ev-Tech stock overvalued right now?
Based on GuruFocus' analysis, Mercury Ev-Tech (BOM:531357) is currently considered Possible Value Trap. The stock's GF Value™ is ₹160.26, compared to a current price of ₹35.28 — trading 78% below its estimated fair value. The current Days Payable is 230.49, which is 89% above median its 10-year median of 122.23 and 242.7% above the Vehicles & Parts industry median of 67.26. Mercury Ev-Tech's overall GF Score™ is 63/100 with 5 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 Mercury Ev-Tech (BOM:531357), the current Days Payable is 230.49 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 Mercury Ev-Tech (BOM:531357) Overvalued in 2026?

Based on GuruFocus' analysis, Mercury Ev-Tech stock appears to be undervalued. The current stock price of ₹35.28 is trading 78% below its estimated GF Value™ of ₹160.26. GuruFocus considers Mercury Ev-Tech to be Possible Value Trap.

Key valuation signals for BOM:531357:

  • Days Payable: 230.49 (89% above median its 10-year median of 122.23)
  • GF Value™: ₹160.26 vs. price of ₹35.28 (78% below fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 242.7% above the Vehicles & Parts median (#229 of 1306)

No single metric tells the full story. See the BOM:531357 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mercury Ev-Tech Business Description

Other Exchanges MERCURYEV:India
Address 367-368, GIDC, Por, Village – Por, District Vadodara, Vadodara, GJ, IND, 391243
Mercury Ev-Tech Ltd is engaged in the manufacturing of Electric scooters, Electric cars, Electric buses, Electric Vintage cars, Electric Golf cars, and Electric Vehicles in India. The company develops custom electric vehicles for a wide range of applications for the hospitality, industry, golf courses, clubs and resorts, etc.
63GF Score

Get the complete analysis for BOM:531357

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

₹35.28
Price
₹160.26
GF Value