Riddhi Steel and Tube (BOM:540082) Days Payable: 0.36 (As of Mar. 2026) — 96% Below Median

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BOM:540082 Riddhi Steel and Tube Ltd BOM:540082
50 GF Score
Price ₹196.40
GF Value ₹85.71
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Riddhi Steel and Tube Days Payable?

Riddhi Steel and Tube BOM:540082 50 Days Payable is 0.36 as of Mar. 2026, which is 96% below its 10-year median of 8.91. GuruFocus rates BOM:540082 with a GF Score™ of 50/100 and a GF Value™ of ₹85.71 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 598 Steel companies, Riddhi Steel and Tube ranks worse than 99.5% on this metric.

Riddhi Steel and Tube's average Accounts Payable for the six months ended in Mar. 2026 was ₹4 Mil. Riddhi Steel and Tube's Cost of Goods Sold for the six months ended in Mar. 2026 was ₹1,912 Mil. Hence, Riddhi Steel and Tube's Days Payable for the six months ended in Mar. 2026 was 0.36.

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

BOM:540082' s Days Payable Range Over the Past 10 Years
Min: 0.56   Med: 8.91   Max: 16.16
Current: 1.03

During the past 13 years, Riddhi Steel and Tube's highest Days Payable was 16.16. The lowest was 0.56. And the median was 8.91.

BOM:540082's Days Payable is ranked worse than
99.5% of 598 companies
in the Steel industry
Industry Median: 41.37 vs BOM:540082: 1.03

Riddhi Steel and Tube's Days Payable declined from Mar. 2025 (2.04) to Mar. 2026 (0.36). It may suggest that Riddhi Steel and Tube accelerated paying its suppliers.


Riddhi Steel and Tube Days Payable Historical Data

* Premium members only.

The historical data trend for Riddhi Steel and Tube'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.

Riddhi Steel and Tube Days Payable Chart

Riddhi Steel and Tube 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 16.16 11.51 5.58 2.77 0.56

Riddhi Steel and Tube Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 4.38 3.16 2.04 2.04 0.36

BOM:540082 vs NUE, STLD, RS: Days Payable Comparison

For the Steel subindustry, Riddhi Steel and Tube'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.


Riddhi Steel and Tube Days Payable vs Steel Industry

For the Steel industry and Basic Materials sector, Riddhi Steel and Tube's Days Payable distribution charts can be found below:

* The bar in red indicates where Riddhi Steel and Tube's Days Payable falls into.


BOM:540082
50GF Score
Riddhi Steel and Tube Ltd BOM:540082
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Riddhi Steel and Tube 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.

Riddhi Steel and Tube'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
=( (27.687 + -14.999) / 2 ) / 4164.457*365
=6.344 / 4164.457*365
=0.56

Riddhi Steel and Tube'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: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (22.625 + -14.999) / 2 ) / 1912.058*365 / 2
=3.813 / 1912.058*365 / 2
=0.36

* 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 0.36 mean?
Riddhi Steel and Tube (BOM:540082) has a Days Payable of 0.36 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 Riddhi Steel and Tube and its competitors. This is 96% below median its historical median of 8.91. Over the past decade, Riddhi Steel and Tube's Days Payable has ranged from 0.56 to 16.16. According to the industry distribution chart, Riddhi Steel and Tube ranks #595 out of 598 companies in the Steel industry, placing it in the top 99.5%.
Is Riddhi Steel and Tube's Days Payable too high?
Riddhi Steel and Tube's current Days Payable of 0.36 is 96% below median its 10-year median of 8.91. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 16.16. The Steel industry median Days Payable is 41.37. Riddhi Steel and Tube's value of 0.36 is 99.1% below this industry median. Based on the distribution chart, Riddhi Steel and Tube ranks #595 out of 598 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Riddhi Steel and Tube has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Riddhi Steel and Tube's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Riddhi Steel and Tube ranks #595 out of 598 companies for Days Payable. This places Riddhi Steel and Tube in the lower half of its industry. The industry median Days Payable is 41.37. Riddhi Steel and Tube's value of 0.36 is 99.1% below this benchmark. Historically, Riddhi Steel and Tube's own Days Payable has ranged from 0.56 to 16.16 over the past decade. While the company's 10-year median is 8.91 vs. the industry median of 41.37, Riddhi Steel and Tube 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 Steel company?
The median Days Payable among Steel companies is 41.37, based on 598 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. Riddhi Steel and Tube's current Days Payable of 0.36 is 99.1% 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 Riddhi Steel and Tube and its competitors. For the Steel industry, the median Days Payable is 41.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Riddhi Steel and Tube's current Days Payable is 0.36, which is 96% below median its own 10-year median of 8.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Riddhi Steel and Tube stock overvalued right now?
Based on GuruFocus' analysis, Riddhi Steel and Tube (BOM:540082) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹85.71, compared to a current price of ₹196.40 — trading 129.1% above its estimated fair value. The current Days Payable is 0.36, which is 96% below median its 10-year median of 8.91 and 99.1% below the Steel industry median of 41.37. Riddhi Steel and Tube's overall GF Score™ is 50/100 with 1 warning sign 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 Riddhi Steel and Tube (BOM:540082), the current Days Payable is 0.36 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 Riddhi Steel and Tube (BOM:540082) Overvalued in 2026?

Based on GuruFocus' analysis, Riddhi Steel and Tube stock appears to be overvalued. The current stock price of ₹196.40 is trading 129.1% above its estimated GF Value™ of ₹85.71. GuruFocus considers Riddhi Steel and Tube to be Significantly Overvalued.

Key valuation signals for BOM:540082:

  • Days Payable: 0.36 (96% below median its 10-year median of 8.91)
  • GF Value™: ₹85.71 vs. price of ₹196.40 (129.1% above fair value)
  • GF Score™: 50/100 with 1 warning sign
  • Industry Position: 99.1% below the Steel median (#595 of 598)

No single metric tells the full story. See the BOM:540082 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Riddhi Steel and Tube Business Description

Address Piplaj Pirana Road, 83/84, Opposite Devraj Industrial Park, Post- Aslali, Village - Kamod, Ahmedabad, GJ, IND, 382427
Riddhi Steel and Tube Ltd is engaged in manufacturing and galvanised steel pipes in various sizes, tubes, and hollow profiles and of tube and pipe fittings of cast iron or cast steel. The product line of the company includes MS Black Pipes, Pre-Galvanised Pipes, and Galvanised Pipes, which are used in agriculture, industry, and construction activities like scaffolding and casing in bore wells; Square and Rectangular Hollow Sections used in engineering applications, Pre-Galvanised Pipes used by various manufacturers. The company generates all of its revenue from Domestic sales.
50GF Score

Get the complete analysis for BOM:540082

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

₹196.40
Price
₹85.71
GF Value