Shivam Chemicals (BOM:544165) Days Payable: 9.37 (As of Mar. 2026) — 11% Below 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:544165 Shivam Chemicals Ltd BOM:544165
40 GF Score
Price ₹94.25
! 6 Warning Signs
View Full Analysis

What is Shivam Chemicals Days Payable?

Shivam Chemicals BOM:544165 -0.11% 40 Days Payable is 9.37 as of Mar. 2026, which is 11% below its 10-year median of 10.47. GuruFocus rates BOM:544165 with a GF Score™ of 40/100. The stock has 6 warning signs investors should review. Among 1,559 Chemicals companies, Shivam Chemicals ranks worse than 96.54% on this metric.

Shivam Chemicals's average Accounts Payable for the six months ended in Mar. 2026 was ₹71 Mil. Shivam Chemicals's Cost of Goods Sold for the six months ended in Mar. 2026 was ₹1,379 Mil. Hence, Shivam Chemicals's Days Payable for the six months ended in Mar. 2026 was 9.37.

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

BOM:544165' s Days Payable Range Over the Past 10 Years
Min: 7.83   Med: 10.47   Max: 13.63
Current: 9.58

During the past 6 years, Shivam Chemicals's highest Days Payable was 13.63. The lowest was 7.83. And the median was 10.47.

BOM:544165's Days Payable is ranked worse than
96.54% of 1559 companies
in the Chemicals industry
Industry Median: 59.86 vs BOM:544165: 9.58

Shivam Chemicals's Days Payable increased from Mar. 2025 (6.81) to Mar. 2026 (9.37). It may suggest that Shivam Chemicals delayed paying its suppliers.


Shivam Chemicals Days Payable Historical Data

* Premium members only.

The historical data trend for Shivam Chemicals'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.

Shivam Chemicals Days Payable Chart

Shivam Chemicals Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial 9.77 11.16 13.63 12.15 7.83

Shivam Chemicals Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only 18.84 10.03 6.81 11.69 9.37

BOM:544165 vs DOW: Days Payable Comparison

For the Chemicals subindustry, Shivam Chemicals'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.


Shivam Chemicals Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shivam Chemicals's Days Payable distribution charts can be found below:

* The bar in red indicates where Shivam Chemicals's Days Payable falls into.


BOM:544165
40GF Score
Shivam Chemicals Ltd BOM:544165
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shivam Chemicals 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.

Shivam Chemicals'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
=( (60.872 + 49.483) / 2 ) / 2572.288*365
=55.1775 / 2572.288*365
=7.83

Shivam Chemicals'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
=( (92.081 + 49.483) / 2 ) / 1378.599*365 / 2
=70.782 / 1378.599*365 / 2
=9.37

* 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 9.37 mean?
Shivam Chemicals (BOM:544165) has a Days Payable of 9.37 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 Shivam Chemicals and its competitors. This is 11% below median its historical median of 10.47. Over the past decade, Shivam Chemicals' Days Payable has ranged from 7.83 to 13.63. According to the industry distribution chart, Shivam Chemicals ranks #1505 out of 1559 companies in the Chemicals industry, placing it in the top 96.5%.
Is Shivam Chemicals' Days Payable too high?
Shivam Chemicals' current Days Payable of 9.37 is 11% below median its 10-year median of 10.47. Over the past 10 years, this metric has ranged from a low of 7.83 to a high of 13.63. The Chemicals industry median Days Payable is 59.86. Shivam Chemicals' value of 9.37 is 84.3% below this industry median. Based on the distribution chart, Shivam Chemicals ranks #1505 out of 1559 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Shivam Chemicals has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Shivam Chemicals' Days Payable compare to DOW?
According to the Chemicals industry distribution chart, Shivam Chemicals ranks #1505 out of 1559 companies for Days Payable. This places Shivam Chemicals in the lower half of its industry. The industry median Days Payable is 59.86. Shivam Chemicals' value of 9.37 is 84.3% below this benchmark. Historically, Shivam Chemicals' own Days Payable has ranged from 7.83 to 13.63 over the past decade. While the company's 10-year median is 10.47 vs. the industry median of 59.86, Shivam Chemicals 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.86, based on 1,559 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. Shivam Chemicals's current Days Payable of 9.37 is 84.3% 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 Shivam Chemicals and its competitors. For the Chemicals industry, the median Days Payable is 59.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shivam Chemicals's current Days Payable is 9.37, which is 11% below median its own 10-year median of 10.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shivam Chemicals stock overvalued right now?
Shivam Chemicals (BOM:544165) has a current Days Payable of 9.37. The current Days Payable is 9.37, which is 11% below median its 10-year median of 10.47 and 84.3% below the Chemicals industry median of 59.86. Shivam Chemicals' overall GF Score™ is 40/100 with 6 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 Shivam Chemicals (BOM:544165), the current Days Payable is 9.37 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.

Shivam Chemicals Business Description

Address N.S.Phadke Marg, Office No. 108, 1st Floor, Hubtown Solaris, Saiwadi, Andheri (E, Mumbai, MH, IND, 400069
Shivam Chemicals Ltd is a manufacturer of Hydrated Lime (Calcium Hydroxide) and Trading & Distribution of feed supplements and allied products.. Its products include Poultry feed supplement (MBM), Di-Calcium Phosphate (Feed Grade), Magnesium Oxide, Limestone Powder, etc.
40GF Score

Get the complete analysis for BOM:544165

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

₹94.25
Price