Millat TractorsKAR:MTL -0.49%79 Days Payable is 51.20 as of Mar. 2026, which is 83% above its 10-year median of 27.92. GuruFocus rates KAR:MTL with a GF Score™ of 79/100 and a GF Value™ of ₨211.60 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 208 Farm & Heavy Construction Machinery companies, Millat Tractors ranks worse than 66.35% on this metric.
The historical rank and industry rank for Millat Tractors's Days Payable or its related term are showing as below:
KAR:MTL'
s Days Payable Range Over the Past 10 Years
Min: 16.03 Med: 27.92 Max: 53.27
Current: 53.27
During the past 13 years, Millat Tractors's highest Days Payable was 53.27. The lowest was 16.03. And the median was 27.92.
KAR:MTL's Days Payable is ranked worse than 66.35% of 208
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 69.415
vs KAR:MTL: 53.27
Millat Tractors's Days Payable
declined
from Mar. 2025 (60.09) to Mar. 2026 (51.20).
It may suggest that Millat Tractorsaccelerated paying its suppliers.
Millat Tractors Days Payable Related Terms
Millat Tractors Days Payable Historical Data
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The historical data trend for Millat Tractors'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.
For the Farm & Heavy Construction Machinery subindustry, Millat Tractors'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.
Millat Tractors Days Payable vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Millat Tractors's Days Payable distribution charts can be found below:
* The bar in red indicates where Millat Tractors's Days Payable falls into.
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.
Millat Tractors's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as
* 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.
Millat Tractors (KAR:MTL) has a Days Payable of 51.20 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 Millat Tractors and its competitors. This is 83% above median its historical median of 27.92. Over the past decade, Millat Tractors' Days Payable has ranged from 16.03 to 53.27. According to the industry distribution chart, Millat Tractors ranks #138 out of 208 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 66.3%.
Is Millat Tractors' Days Payable too high?
Millat Tractors' current Days Payable of 51.20 is 83% above median its 10-year median of 27.92. Over the past 10 years, this metric has ranged from a low of 16.03 to a high of 53.27. The Farm & Heavy Construction Machinery industry median Days Payable is 69.42. Millat Tractors' value of 51.20 is 26.2% below this industry median. Based on the distribution chart, Millat Tractors ranks #138 out of 208 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Millat Tractors has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millat Tractors' Days Payable compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Millat Tractors ranks #138 out of 208 companies for Days Payable. This places Millat Tractors in the lower half of its industry. The industry median Days Payable is 69.42. Millat Tractors' value of 51.20 is 26.2% below this benchmark. Historically, Millat Tractors' own Days Payable has ranged from 16.03 to 53.27 over the past decade. While the company's 10-year median is 27.92 vs. the industry median of 69.42, Millat Tractors 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 Farm & Heavy Construction Machinery company?
The median Days Payable among Farm & Heavy Construction Machinery companies is 69.42, based on 208 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. Millat Tractors's current Days Payable of 51.20 is 26.2% 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 Millat Tractors and its competitors. For the Farm & Heavy Construction Machinery industry, the median Days Payable is 69.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millat Tractors's current Days Payable is 51.20, which is 83% above median its own 10-year median of 27.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millat Tractors stock overvalued right now?
Based on GuruFocus' analysis, Millat Tractors (KAR:MTL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨211.60, compared to a current price of ₨302.52 — trading 43% above its estimated fair value. The current Days Payable is 51.20, which is 83% above median its 10-year median of 27.92 and 26.2% below the Farm & Heavy Construction Machinery industry median of 69.42. Millat Tractors' overall GF Score™ is 79/100 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 Millat Tractors (KAR:MTL), the current Days Payable is 51.20 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 Millat Tractors (KAR:MTL) Overvalued in 2026?
Based on GuruFocus' analysis, Millat Tractors stock appears to be overvalued.
The current stock price of ₨302.52 is trading 43% above its estimated GF Value™ of ₨211.60.
GuruFocus considers Millat Tractors to be Significantly Overvalued.
Key valuation signals for KAR:MTL:
Days Payable: 51.20 (83% above median its 10-year median of 27.92)
GF Value™: ₨211.60 vs. price of ₨302.52 (43% above fair value)
Industry Position: 26.2% below the Farm & Heavy Construction Machinery median (#138 of 208)
No single metric tells the full story. See the KAR:MTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Millat Tractors Ltd operates in the automobile sector. It is engaged in assembling and manufacturing of agricultural tractors, implements and multi-application products. The Company is also involved in the sale, implementation and support of IFS applications in Pakistan and abroad. The company's operating segment includes Tractors; Tractor components; Castings and Others. It generates maximum revenue from the Tractors segment. The tractor components segment is engaged in the business of manufacturing automotive, agricultural and industrial vehicle parts and components.
79GF Score
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