Citizen Solar (BOM:538786) Days Payable: 0.01 (As of Mar. 2026) — 100% Below Median


BOM:538786 Citizen Solar Ltd BOM:538786
54 GF Score
Price ₹294.25
GF Value ₹2,923.80
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Citizen Solar Days Payable?

Citizen Solar BOM:538786 +1.99% 54 Days Payable is 0.01 as of Mar. 2026, which is 100% below its 10-year median of 10.96. GuruFocus rates BOM:538786 with a GF Score™ of 54/100 and a GF Value™ of ₹2,923.80 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 998 Semiconductors companies, Citizen Solar ranks worse than 99.1% on this metric.

Citizen Solar's average Accounts Payable for the three months ended in Mar. 2026 was ₹0 Mil. Citizen Solar's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹896 Mil. Hence, Citizen Solar's Days Payable for the three months ended in Mar. 2026 was 0.01.

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

BOM:538786' s Days Payable Range Over the Past 10 Years
Min: 0.01   Med: 10.96   Max: 70.7
Current: 4.44

During the past 13 years, Citizen Solar's highest Days Payable was 70.70. The lowest was 0.01. And the median was 10.96.

BOM:538786's Days Payable is ranked worse than
99.1% of 998 companies
in the Semiconductors industry
Industry Median: 52.98 vs BOM:538786: 4.44

Citizen Solar's Days Payable increased from Mar. 2025 (0.00) to Mar. 2026 (0.01). It may suggest that Citizen Solar delayed paying its suppliers.


Citizen Solar Days Payable Historical Data

* Premium members only.

The historical data trend for Citizen Solar'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.

Citizen Solar Days Payable Chart

Citizen Solar 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 70.70 10.96 0.00 0.00 0.01

Citizen Solar 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 0.00 0.00 74.00 2,341.16 0.01

BOM:538786 vs FSLR, NXT, ENPH: Days Payable Comparison

For the Solar subindustry, Citizen Solar'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.


Citizen Solar Days Payable vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Citizen Solar's Days Payable distribution charts can be found below:

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


BOM:538786
54GF Score
Citizen Solar Ltd BOM:538786
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Citizen Solar 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.

Citizen Solar'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
=( (0 + 0.054) / 1 ) / 2527.569*365
=0.054 / 2527.569*365
=0.01

Citizen Solar'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 + 0.054) / 1 ) / 895.629*365 / 4
=0.054 / 895.629*365 / 4
=0.01

* 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 0.01 mean?
Citizen Solar (BOM:538786) has a Days Payable of 0.01 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 Citizen Solar and its competitors. This is 100% below median its historical median of 10.96. Over the past decade, Citizen Solar's Days Payable has ranged from 0.01 to 70.70. According to the industry distribution chart, Citizen Solar ranks #989 out of 998 companies in the Semiconductors industry, placing it in the top 99.1%.
Is Citizen Solar's Days Payable too high?
Citizen Solar's current Days Payable of 0.01 is 100% below median its 10-year median of 10.96. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 70.70. The Semiconductors industry median Days Payable is 52.98. Citizen Solar's value of 0.01 is 100% below this industry median. Based on the distribution chart, Citizen Solar ranks #989 out of 998 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Citizen Solar has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Citizen Solar's Days Payable compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Citizen Solar ranks #989 out of 998 companies for Days Payable. This places Citizen Solar in the lower half of its industry. The industry median Days Payable is 52.98. Citizen Solar's value of 0.01 is 100% below this benchmark. Historically, Citizen Solar's own Days Payable has ranged from 0.01 to 70.70 over the past decade. While the company's 10-year median is 10.96 vs. the industry median of 52.98, Citizen Solar 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 Semiconductors company?
The median Days Payable among Semiconductors companies is 52.98, based on 998 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. Citizen Solar's current Days Payable of 0.01 is 100% 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 Citizen Solar and its competitors. For the Semiconductors industry, the median Days Payable is 52.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Citizen Solar's current Days Payable is 0.01, which is 100% below median its own 10-year median of 10.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Citizen Solar stock overvalued right now?
Based on GuruFocus' analysis, Citizen Solar (BOM:538786) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹2,923.80, compared to a current price of ₹294.25 — trading 89.9% below its estimated fair value. The current Days Payable is 0.01, which is 100% below median its 10-year median of 10.96 and 100% below the Semiconductors industry median of 52.98. Citizen Solar's overall GF Score™ is 54/100 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 Citizen Solar (BOM:538786), the current Days Payable is 0.01 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 Citizen Solar (BOM:538786) Overvalued in 2026?

Based on GuruFocus' analysis, Citizen Solar stock appears to be undervalued. The current stock price of ₹294.25 is trading 89.9% below its estimated GF Value™ of ₹2,923.80. GuruFocus considers Citizen Solar to be Significantly Undervalued.

Key valuation signals for BOM:538786:

  • Days Payable: 0.01 (100% below median its 10-year median of 10.96)
  • GF Value™: ₹2,923.80 vs. price of ₹294.25 (89.9% below fair value)
  • GF Score™: 54/100 with 4 warning signs
  • Industry Position: 100% below the Semiconductors median (#989 of 998)

No single metric tells the full story. See the BOM:538786 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Citizen Solar Business Description

Address Ashram Road, 411, Sakar - 2, Ellisbridge Corner, Ahmedabad, GJ, IND, 380006
Citizen Solar Ltd operates as a solar panel and solar inverter manufacturer in India. It comprises of two main divisions that include Citizen Solar Technology and Solar Inverter Manufacturer. The company serves various industries and businesses spread across multiple verticals such as Textiles, Manufacturing, Exports, etc.
54GF Score

Get the complete analysis for BOM:538786

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

₹294.25
Price
₹2,923.80
GF Value