India Cements (LUX:INC05) Days Payable: 233.73 (As of Mar. 2026) — 21% Above Median


LUX:INC05 India Cements Ltd LUX:INC05
58 GF Score
Price $7.10
GF Value $4.24
! 3 Warning Signs
View Full Analysis

What is India Cements Days Payable?

India Cements LUX:INC05 58 Days Payable is 233.73 as of Mar. 2026, which is 21% above its 10-year median of 192.42. GuruFocus rates LUX:INC05 with a GF Score™ of 58/100 and a GF Value™ of $4.24. The stock has 3 warning signs investors should review. Among 395 Building Materials companies, India Cements ranks better than 94.18% on this metric.

India Cements's average Accounts Payable for the three months ended in Mar. 2026 was $93.3 Mil. India Cements's Cost of Goods Sold for the three months ended in Mar. 2026 was $36.4 Mil. Hence, India Cements's Days Payable for the three months ended in Mar. 2026 was 233.73.

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

LUX:INC05' s Days Payable Range Over the Past 10 Years
Min: 129.63   Med: 192.42   Max: 448.24
Current: 342.39

During the past 13 years, India Cements's highest Days Payable was 448.24. The lowest was 129.63. And the median was 192.42.

LUX:INC05's Days Payable is ranked better than
94.18% of 395 companies
in the Building Materials industry
Industry Median: 69.75 vs LUX:INC05: 342.39

India Cements's Days Payable declined from Mar. 2025 (394.48) to Mar. 2026 (233.73). It may suggest that India Cements accelerated paying its suppliers.


India Cements Days Payable Historical Data

* Premium members only.

The historical data trend for India Cements'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.

India Cements Days Payable Chart

India Cements Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 176.94 134.73 155.63 458.80 352.01

India Cements 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 394.48 562.51 337.06 367.55 233.73

LUX:INC05 vs CRH, VMC, MLM: Days Payable Comparison

For the Building Materials subindustry, India Cements'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.


India Cements Days Payable vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, India Cements's Days Payable distribution charts can be found below:

* The bar in red indicates where India Cements's Days Payable falls into.


LUX:INC05
58GF Score
India Cements Ltd LUX:INC05
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

India Cements 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.

India Cements'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
=( (113.494 + 93.275) / 2 ) / 107.201*365
=103.3845 / 107.201*365
=352.01

India Cements'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
=( (0 + 93.275) / 1 ) / 36.416*365 / 4
=93.275 / 36.416*365 / 4
=233.73

* 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 233.73 mean?
India Cements (LUX:INC05) has a Days Payable of 233.73 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 India Cements and its competitors. This is 21% above median its historical median of 192.42. Over the past decade, India Cements' Days Payable has ranged from 129.63 to 448.24. According to the industry distribution chart, India Cements ranks #23 out of 395 companies in the Building Materials industry, placing it in the top 5.8%.
Is India Cements' Days Payable too high?
India Cements' current Days Payable of 233.73 is 21% above median its 10-year median of 192.42. Over the past 10 years, this metric has ranged from a low of 129.63 to a high of 448.24. The Building Materials industry median Days Payable is 69.75. India Cements' value of 233.73 is 235.1% above this industry median. Based on the distribution chart, India Cements ranks #23 out of 395 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, India Cements has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does India Cements' Days Payable compare to CRH and VMC?
According to the Building Materials industry distribution chart, India Cements ranks #23 out of 395 companies for Days Payable. This places India Cements in the top 6% of its industry — outperforming the majority of peers. The industry median Days Payable is 69.75. India Cements' value of 233.73 is 235.1% above this benchmark. Historically, India Cements' own Days Payable has ranged from 129.63 to 448.24 over the past decade. While the company's 10-year median is 192.42 vs. the industry median of 69.75, India Cements 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 Building Materials company?
The median Days Payable among Building Materials companies is 69.75, based on 395 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. India Cements's current Days Payable of 233.73 is 235.1% 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 India Cements and its competitors. For the Building Materials industry, the median Days Payable is 69.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. India Cements's current Days Payable is 233.73, which is 21% above median its own 10-year median of 192.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is India Cements stock overvalued right now?
India Cements (LUX:INC05) has a current Days Payable of 233.73. The stock's GF Value™ is $4.24, compared to a current price of $7.10 — trading 67.5% above its estimated fair value. The current Days Payable is 233.73, which is 21% above median its 10-year median of 192.42 and 235.1% above the Building Materials industry median of 69.75. India Cements' overall GF Score™ is 58/100 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 India Cements (LUX:INC05), the current Days Payable is 233.73 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 India Cements (LUX:INC05) Overvalued in 2026?

Based on GuruFocus' analysis, India Cements stock appears to be overvalued. The current stock price of $7.10 is trading 67.5% above its estimated GF Value™ of $4.24.

Key valuation signals for LUX:INC05:

  • Days Payable: 233.73 (21% above median its 10-year median of 192.42)
  • GF Value™: $4.24 vs. price of $7.10 (67.5% above fair value)
  • GF Score™: 58/100 with 3 warning signs
  • Industry Position: 235.1% above the Building Materials median (#23 of 395)

No single metric tells the full story. See the LUX:INC05 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


India Cements Business Description

Other Exchanges INDIACEM:India530005:India
Address 93, Santhome High Road, Karpagam Avenue, Coromandel Towers, R.A. Puram, Chennai, TN, IND, 600 028
India Cements Ltd is a cement manufacturing company. It is engaged in the manufacturing and sale of cement and cement-related products. Its brands include: Conkrete Super King; Coromandel King; Sankar Super Power; Raasi Gold; Halo Super King and others.
58GF Score

Get the complete analysis for LUX:INC05

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

$7.10
Price
$4.24
GF Value