Harikanta Overseas (BOM:544769) Days Payable: 52.78 (As of Mar. 2025) — Near Median

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BOM:544769 Harikanta Overseas Ltd BOM:544769
18 GF Score
Price ₹81.48
! 2 Warning Signs
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What is Harikanta Overseas Days Payable?

Harikanta Overseas BOM:544769 +9.38% 18 Days Payable is 52.78 as of Mar. 2025, which is at its 10-year median of 52.78. GuruFocus rates BOM:544769 with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 1,020 Manufacturing - Apparel & Accessories companies, Harikanta Overseas ranks worse than 51.86% on this metric.

Harikanta Overseas's average Accounts Payable for the six months ended in Mar. 2025 was ₹30.9 Mil. Harikanta Overseas's Cost of Goods Sold for the six months ended in Mar. 2025 was ₹213.4 Mil. Hence, Harikanta Overseas's Days Payable for the six months ended in Mar. 2025 was 26.39.

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

BOM:544769' s Days Payable Range Over the Past 10 Years
Min: 44.7   Med: 52.78   Max: 81.03
Current: 52.78

During the past 3 years, Harikanta Overseas's highest Days Payable was 81.03. The lowest was 44.70. And the median was 52.78.

BOM:544769's Days Payable is ranked worse than
51.86% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.435 vs BOM:544769: 52.78

Harikanta Overseas's Days Payable increased from Mar. 2023 (44.70) to Mar. 2025 (52.78). It may suggest that Harikanta Overseas delayed paying its suppliers.


Harikanta Overseas Days Payable Historical Data

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The historical data trend for Harikanta Overseas'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.

Harikanta Overseas Days Payable Chart

Harikanta Overseas Annual Data
Trend Mar23 Mar24 Mar25
Days Payable
44.70 81.03 52.78

Harikanta Overseas Semi-Annual Data
Mar23 Mar24 Mar25
Days Payable 44.70 81.03 52.78

Harikanta Overseas Days Payable Competitor Comparison

For the Textile Manufacturing subindustry, Harikanta Overseas'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.


Harikanta Overseas Days Payable vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Harikanta Overseas's Days Payable distribution charts can be found below:

* The bar in red indicates where Harikanta Overseas's Days Payable falls into.


BOM:544769
18GF Score
Harikanta Overseas Ltd BOM:544769
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Harikanta Overseas 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.

Harikanta Overseas's Days Payable for the fiscal year that ended in Mar. 2025 is calculated as

Days Payable (A: Mar. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2024 ) + Accounts Payable (A: Mar. 2025 )) / count ) / Cost of Goods Sold (A: Mar. 2025 )*Days in Period
=( (20.811 + 40.92) / 2 ) / 213.449*365
=30.8655 / 213.449*365
=52.78

Harikanta Overseas's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

Days Payable (Q: Mar. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2024 ) + Accounts Payable (Q: Mar. 2025 )) / count ) / Cost of Goods Sold (Q: Mar. 2025 )*Days in Period
=( (20.811 + 40.92) / 2 ) / 213.449*365 / 2
=30.8655 / 213.449*365 / 2
=26.39

* 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 52.78 mean?
Harikanta Overseas (BOM:544769) has a Days Payable of 52.78 as of Mar. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Harikanta Overseas and its competitors. This is near median its historical median of 52.78. Over the past decade, Harikanta Overseas' Days Payable has ranged from 44.70 to 81.03. According to the industry distribution chart, Harikanta Overseas ranks #529 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 51.9%.
Is Harikanta Overseas' Days Payable too high?
Harikanta Overseas' current Days Payable of 52.78 is near median its 10-year median of 52.78. Over the past 10 years, this metric has ranged from a low of 44.70 to a high of 81.03. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.44. Harikanta Overseas' value of 52.78 is 3% below this industry median. Based on the distribution chart, Harikanta Overseas ranks #529 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Harikanta Overseas has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Harikanta Overseas' Days Payable compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Harikanta Overseas ranks #529 out of 1020 companies for Days Payable. This places Harikanta Overseas in the lower half of its industry. The industry median Days Payable is 54.44. Harikanta Overseas' value of 52.78 is 3% below this benchmark. Historically, Harikanta Overseas' own Days Payable has ranged from 44.70 to 81.03 over the past decade. While the company's 10-year median is 52.78 vs. the industry median of 54.44, Harikanta Overseas 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 54.44, 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. Harikanta Overseas's current Days Payable of 52.78 is 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 Harikanta Overseas and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harikanta Overseas's current Days Payable is 52.78, which is near median its own 10-year median of 52.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harikanta Overseas stock overvalued right now?
Harikanta Overseas (BOM:544769) has a current Days Payable of 52.78. The current Days Payable is 52.78, which is near median its 10-year median of 52.78 and 3% below the Manufacturing - Apparel & Accessories industry median of 54.44. Harikanta Overseas' overall GF Score™ is 18/100 with 2 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 Harikanta Overseas (BOM:544769), the current Days Payable is 52.78 as of Mar. 2025. 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.

Harikanta Overseas Business Description

Address 28, Sairam Ind Estate Bamroli, Surat, GJ, IND, 394107
Harikanta Overseas Ltd is engaged in the manufacturing of Synthetic textile fabrics. Its product portfolio includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber. The company caters fabric to women's wear, producing fabrics for sarees, dress materials, and kurtas, while also offering fabrics for men's kurtas. It has single reportable segment namely Manufacturing and exporting of textile fabrics. The majority of the company's revenue is derived from the sale of Ikat Fabrics.
18GF Score

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₹81.48
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