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Nitin SpinnersBOM:532698 +0.38%70 Days Payable is 15.08 as of Mar. 2026, which is 21% above its 10-year median of 12.45. GuruFocus rates BOM:532698 with a GF Score™ of 70/100 and a GF Value™ of ₹400.52 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,020 Manufacturing - Apparel & Accessories companies, Nitin Spinners ranks worse than 91.37% on this metric.
The historical rank and industry rank for Nitin Spinners's Days Payable or its related term are showing as below:
BOM:532698'
s Days Payable Range Over the Past 10 Years
Min: 7.98 Med: 12.45 Max: 15.1
Current: 14.13
During the past 13 years, Nitin Spinners's highest Days Payable was 15.10. The lowest was 7.98. And the median was 12.45.
BOM:532698's Days Payable is ranked worse than 91.37% of 1020
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.265
vs BOM:532698: 14.13
Nitin Spinners's Days Payable
increased
from Mar. 2025 (13.35) to Mar. 2026 (15.08).
It may suggest that Nitin Spinnersdelayed paying its suppliers.
Nitin Spinners Days Payable Related Terms
Nitin Spinners Days Payable Historical Data
* Premium members only.
The historical data trend for Nitin Spinners'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.
For the Textile Manufacturing subindustry, Nitin Spinners'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.
Nitin Spinners Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nitin Spinners's Days Payable distribution charts can be found below:
* The bar in red indicates where Nitin Spinners's Days Payable falls into.
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.
Nitin Spinners's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
Nitin Spinners (BOM:532698) has a Days Payable of 15.08 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 Nitin Spinners and its competitors. This is 21% above median its historical median of 12.45. Over the past decade, Nitin Spinners' Days Payable has ranged from 7.98 to 15.10. According to the industry distribution chart, Nitin Spinners ranks #932 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 91.4%.
Is Nitin Spinners' Days Payable too high?
Nitin Spinners' current Days Payable of 15.08 is 21% above median its 10-year median of 12.45. Over the past 10 years, this metric has ranged from a low of 7.98 to a high of 15.10. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.27. Nitin Spinners' value of 15.08 is 72.2% below this industry median. Based on the distribution chart, Nitin Spinners ranks #932 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Nitin Spinners has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nitin Spinners' Days Payable compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Nitin Spinners ranks #932 out of 1020 companies for Days Payable. This places Nitin Spinners in the lower half of its industry. The industry median Days Payable is 54.27. Nitin Spinners' value of 15.08 is 72.2% below this benchmark. Historically, Nitin Spinners' own Days Payable has ranged from 7.98 to 15.10 over the past decade. While the company's 10-year median is 12.45 vs. the industry median of 54.27, Nitin Spinners 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.27, based on 1,020 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. Nitin Spinners's current Days Payable of 15.08 is 72.2% 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 Nitin Spinners and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitin Spinners's current Days Payable is 15.08, which is 21% above median its own 10-year median of 12.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitin Spinners stock overvalued right now?
Based on GuruFocus' analysis, Nitin Spinners (BOM:532698) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹400.52, compared to a current price of ₹551.85 — trading 37.8% above its estimated fair value. The current Days Payable is 15.08, which is 21% above median its 10-year median of 12.45 and 72.2% below the Manufacturing - Apparel & Accessories industry median of 54.27. Nitin Spinners' overall GF Score™ is 70/100 with 10 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 Nitin Spinners (BOM:532698), the current Days Payable is 15.08 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 Nitin Spinners (BOM:532698) Overvalued in 2026?
Based on GuruFocus' analysis, Nitin Spinners stock appears to be overvalued.
The current stock price of ₹551.85 is trading 37.8% above its estimated GF Value™ of ₹400.52.
GuruFocus considers Nitin Spinners to be Significantly Overvalued.
Key valuation signals for BOM:532698:
Days Payable: 15.08 (21% above median its 10-year median of 12.45)
GF Value™: ₹400.52 vs. price of ₹551.85 (37.8% above fair value)
Industry Position: 72.2% below the Manufacturing - Apparel & Accessories median (#932 of 1020)
No single metric tells the full story. See the BOM:532698 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nitin Spinners Ltd is an Indian company engaged in the textile business. It manufactures products such as cotton yarn and cotton knitted fabric. Its product comprises Yarn, Knitted Fabrics, Woven Fabrics, and Others. The yarn product, which is the key revenue driver, includes open-end yarns, multifold open-end yarns, ring-spun combed yarns, multifold ring spun yarns, compact yarns, fancy slub yarns, and ore spun yarns. The cotton knitted fabrics comprise single jersey, pique structures, interlock structures, rib structures, and three thread fleece. The company carries out sales within India as well as exports to other countries.
70GF Score
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