Indef Manufacturing (BOM:544364) Days Payable: 156.09 (As of Jun. 2026) — 94% Above 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:544364 Indef Manufacturing Ltd BOM:544364
17 GF Score
Price ₹228.95
! 3 Warning Signs
View Full Analysis

What is Indef Manufacturing Days Payable?

Indef Manufacturing BOM:544364 +1.55% 17 Days Payable is 156.09 as of Jun. 2026, which is 94% above its 10-year median of 80.64. GuruFocus rates BOM:544364 with a GF Score™ of 17/100. The stock has 3 warning signs investors should review. Among 211 Farm & Heavy Construction Machinery companies, Indef Manufacturing ranks better than 61.14% on this metric.

Indef Manufacturing's average Accounts Payable for the three months ended in Jun. 2026 was ₹331 Mil. Indef Manufacturing's Cost of Goods Sold for the three months ended in Jun. 2026 was ₹194 Mil. Hence, Indef Manufacturing's Days Payable for the three months ended in Jun. 2026 was 156.09.

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

BOM:544364' s Days Payable Range Over the Past 10 Years
Min: 79.92   Med: 80.64   Max: 91.59
Current: 91.59

During the past 4 years, Indef Manufacturing's highest Days Payable was 91.59. The lowest was 79.92. And the median was 80.64.

BOM:544364's Days Payable is ranked better than
61.14% of 211 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 71.9 vs BOM:544364: 91.59

Indef Manufacturing's Days Payable increased from Jun. 2025 (98.46) to Jun. 2026 (156.09). It may suggest that Indef Manufacturing delayed paying its suppliers.


Indef Manufacturing Days Payable Historical Data

* Premium members only.

The historical data trend for Indef Manufacturing'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.

Indef Manufacturing Days Payable Chart

Indef Manufacturing Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Days Payable
0.00 0.00 79.92 81.35

Indef Manufacturing Quarterly Data
Mar23 Mar24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only 98.46 94.52 90.66 80.58 156.09

BOM:544364 vs CAT, DE, PCAR: Days Payable Comparison

For the Farm & Heavy Construction Machinery subindustry, Indef Manufacturing'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.


Indef Manufacturing Days Payable vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Indef Manufacturing's Days Payable distribution charts can be found below:

* The bar in red indicates where Indef Manufacturing's Days Payable falls into.


BOM:544364
17GF Score
Indef Manufacturing Ltd BOM:544364
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indef Manufacturing 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.

Indef Manufacturing'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
=( (229.746 + 331.436) / 2 ) / 1258.924*365
=280.591 / 1258.924*365
=81.35

Indef Manufacturing's Days Payable for the quarter that ended in Jun. 2026 is calculated as:

Days Payable (Q: Jun. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2026 ) + Accounts Payable (Q: Jun. 2026 )) / count ) / Cost of Goods Sold (Q: Jun. 2026 )*Days in Period
=( (331.436 + 0) / 1 ) / 193.761*365 / 4
=331.436 / 193.761*365 / 4
=156.09

* 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 156.09 mean?
Indef Manufacturing (BOM:544364) has a Days Payable of 156.09 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Indef Manufacturing and its competitors. This is 94% above median its historical median of 80.64. Over the past decade, Indef Manufacturing's Days Payable has ranged from 79.92 to 91.59. According to the industry distribution chart, Indef Manufacturing ranks #82 out of 211 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 38.9%.
Is Indef Manufacturing's Days Payable too high?
Indef Manufacturing's current Days Payable of 156.09 is 94% above median its 10-year median of 80.64. Over the past 10 years, this metric has ranged from a low of 79.92 to a high of 91.59. The Farm & Heavy Construction Machinery industry median Days Payable is 71.90. Indef Manufacturing's value of 156.09 is 117.1% above this industry median. Based on the distribution chart, Indef Manufacturing ranks #82 out of 211 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Indef Manufacturing has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Indef Manufacturing's Days Payable compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Indef Manufacturing ranks #82 out of 211 companies for Days Payable. This puts Indef Manufacturing in the upper half of its industry. The industry median Days Payable is 71.90. Indef Manufacturing's value of 156.09 is 117.1% above this benchmark. Historically, Indef Manufacturing's own Days Payable has ranged from 79.92 to 91.59 over the past decade. While the company's 10-year median is 80.64 vs. the industry median of 71.90, Indef Manufacturing 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 Farm & Heavy Construction Machinery company?
The median Days Payable among Farm & Heavy Construction Machinery companies is 71.90, based on 211 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. Indef Manufacturing's current Days Payable of 156.09 is 117.1% 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 Indef Manufacturing and its competitors. For the Farm & Heavy Construction Machinery industry, the median Days Payable is 71.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indef Manufacturing's current Days Payable is 156.09, which is 94% above median its own 10-year median of 80.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indef Manufacturing stock overvalued right now?
Indef Manufacturing (BOM:544364) has a current Days Payable of 156.09. The current Days Payable is 156.09, which is 94% above median its 10-year median of 80.64 and 117.1% above the Farm & Heavy Construction Machinery industry median of 71.90. Indef Manufacturing's overall GF Score™ is 17/100 with 3 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 Indef Manufacturing (BOM:544364), the current Days Payable is 156.09 as of Jun. 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.

Indef Manufacturing Business Description

Other Exchanges BAJAJINDEF:India
Address Plot -87, Sector 15, Shelton Cubix, 501-504, CBD Belapur, Navi Mumbai, MH, IND, 400614
Indef Manufacturing Ltd specializes in producing high-quality industrial components. The company focuses on precision engineering and manufacturing techniques. The company serves diverse sectors including automotive, aerospace, and construction. Committed to quality and sustainability and delivers reliable products globally.
17GF Score

Get the complete analysis for BOM:544364

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

₹228.95
Price