National Polymer Industries (DHA:NPOLYMER) Days Payable: 2.04 (As of Mar. 2026) — 36% Above Median


DHA:NPOLYMER National Polymer Industries PLC DHA:NPOLYMER
68 GF Score
Price BDT34.30
GF Value BDT17.22
Valuation Significantly Overvalued
! 10 Warning Signs
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What is National Polymer Industries Days Payable?

National Polymer Industries DHA:NPOLYMER -0.87% 68 Days Payable is 2.04 as of Mar. 2026, which is 36% above its 10-year median of 1.50. GuruFocus rates DHA:NPOLYMER with a GF Score™ of 68/100 and a GF Value™ of BDT17.22 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,711 Construction companies, National Polymer Industries ranks worse than 99.42% on this metric.

National Polymer Industries's average Accounts Payable for the three months ended in Mar. 2026 was BDT24 Mil. National Polymer Industries's Cost of Goods Sold for the three months ended in Mar. 2026 was BDT1,090 Mil. Hence, National Polymer Industries's Days Payable for the three months ended in Mar. 2026 was 2.04.

The historical rank and industry rank for National Polymer Industries's Days Payable or its related term are showing as below:

DHA:NPOLYMER' s Days Payable Range Over the Past 10 Years
Min: 0.14   Med: 1.5   Max: 7.83
Current: 4.99

During the past 13 years, National Polymer Industries's highest Days Payable was 7.83. The lowest was 0.14. And the median was 1.50.

DHA:NPOLYMER's Days Payable is ranked worse than
99.42% of 1711 companies
in the Construction industry
Industry Median: 76.6 vs DHA:NPOLYMER: 4.99

National Polymer Industries's Days Payable declined from Mar. 2025 (2.43) to Mar. 2026 (2.04). It may suggest that National Polymer Industries accelerated paying its suppliers.


National Polymer Industries Days Payable Historical Data

* Premium members only.

The historical data trend for National Polymer Industries'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.

National Polymer Industries Days Payable Chart

National Polymer Industries Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.15 2.25 2.68 2.28

National Polymer Industries 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 2.43 1.64 0.00 3.34 2.04

DHA:NPOLYMER vs TT, JCI, CARR: Days Payable Comparison

For the Building Products & Equipment subindustry, National Polymer Industries'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.


National Polymer Industries Days Payable vs Construction Industry

For the Construction industry and Industrials sector, National Polymer Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where National Polymer Industries's Days Payable falls into.


DHA:NPOLYMER
68GF Score
National Polymer Industries PLC DHA:NPOLYMER
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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National Polymer Industries 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.

National Polymer Industries's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as

Days Payable (A: Jun. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2024 ) + Accounts Payable (A: Jun. 2025 )) / count ) / Cost of Goods Sold (A: Jun. 2025 )*Days in Period
=( (27.164 + 33.099) / 2 ) / 4828.398*365
=30.1315 / 4828.398*365
=2.28

National Polymer Industries'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
=( (26.951 + 21.697) / 2 ) / 1089.602*365 / 4
=24.324 / 1089.602*365 / 4
=2.04

* 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 2.04 mean?
National Polymer Industries (DHA:NPOLYMER) has a Days Payable of 2.04 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 National Polymer Industries and its competitors. This is 36% above median its historical median of 1.50. Over the past decade, National Polymer Industries' Days Payable has ranged from 0.14 to 7.83. According to the industry distribution chart, National Polymer Industries ranks #1701 out of 1711 companies in the Construction industry, placing it in the top 99.4%.
Is National Polymer Industries' Days Payable too high?
National Polymer Industries' current Days Payable of 2.04 is 36% above median its 10-year median of 1.50. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 7.83. The Construction industry median Days Payable is 76.60. National Polymer Industries' value of 2.04 is 97.3% below this industry median. Based on the distribution chart, National Polymer Industries ranks #1701 out of 1711 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, National Polymer Industries has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Polymer Industries' Days Payable compare to TT and JCI?
According to the Construction industry distribution chart, National Polymer Industries ranks #1701 out of 1711 companies for Days Payable. This places National Polymer Industries in the lower half of its industry. The industry median Days Payable is 76.60. National Polymer Industries' value of 2.04 is 97.3% below this benchmark. Historically, National Polymer Industries' own Days Payable has ranged from 0.14 to 7.83 over the past decade. While the company's 10-year median is 1.50 vs. the industry median of 76.60, National Polymer Industries 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 Construction company?
The median Days Payable among Construction companies is 76.60, based on 1,711 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. National Polymer Industries's current Days Payable of 2.04 is 97.3% 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 National Polymer Industries and its competitors. For the Construction industry, the median Days Payable is 76.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Polymer Industries's current Days Payable is 2.04, which is 36% above median its own 10-year median of 1.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Polymer Industries stock overvalued right now?
Based on GuruFocus' analysis, National Polymer Industries (DHA:NPOLYMER) is currently considered Significantly Overvalued. The stock's GF Value™ is BDT17.22, compared to a current price of BDT34.30 — trading 99.2% above its estimated fair value. The current Days Payable is 2.04, which is 36% above median its 10-year median of 1.50 and 97.3% below the Construction industry median of 76.60. National Polymer Industries' overall GF Score™ is 68/100 with 10 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 National Polymer Industries (DHA:NPOLYMER), the current Days Payable is 2.04 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 National Polymer Industries (DHA:NPOLYMER) Overvalued in 2026?

Based on GuruFocus' analysis, National Polymer Industries stock appears to be overvalued. The current stock price of BDT34.30 is trading 99.2% above its estimated GF Value™ of BDT17.22. GuruFocus considers National Polymer Industries to be Significantly Overvalued.

Key valuation signals for DHA:NPOLYMER:

  • Days Payable: 2.04 (36% above median its 10-year median of 1.50)
  • GF Value™: BDT17.22 vs. price of BDT34.30 (99.2% above fair value)
  • GF Score™: 68/100 with 10 warning signs
  • Industry Position: 97.3% below the Construction median (#1701 of 1711)

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


National Polymer Industries Business Description

Address GA-99/3, Pragati Shoroni, Npoly House, Middle Badda, Dhaka, BGD, 1212
National Polymer Industries PLC is engaged in manufacturing a wide range of plastic products for building, construction, sanitation and irrigation applications. It owns and operates PVC Pipes, PVC Water Tanks, PVC Doors and Bottle grade PVC Compound Manufacturing Plant, produces and markets the same in the local and foreign markets. The company generates revenue from the sale of its products.
68GF Score

Get the complete analysis for DHA:NPOLYMER

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

BDT34.30
Price
BDT17.22
GF Value