Apar IndustriesNSE:APARINDS -0.09%84 Days Payable is 120.61 as of Mar. 2026, which is 26% below its 10-year median of 163.41. GuruFocus rates NSE:APARINDS with a GF Score™ of 84/100 and a GF Value™ of ₹10,320.53 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,986 Industrial Products companies, Apar Industries ranks better than 67.52% on this metric.
The historical rank and industry rank for Apar Industries's Days Payable or its related term are showing as below:
NSE:APARINDS'
s Days Payable Range Over the Past 10 Years
Min: 119.03 Med: 163.41 Max: 220.07
Current: 119.03
During the past 13 years, Apar Industries's highest Days Payable was 220.07. The lowest was 119.03. And the median was 163.41.
NSE:APARINDS's Days Payable is ranked better than 67.52% of 2986
companies
in the Industrial Products industry
Industry Median: 77.81
vs NSE:APARINDS: 119.03
Apar Industries's Days Payable
declined
from Mar. 2025 (123.89) to Mar. 2026 (120.61).
It may suggest that Apar Industriesaccelerated paying its suppliers.
Apar Industries Days Payable Related Terms
Apar Industries Days Payable Historical Data
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The historical data trend for Apar 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.
For the Electrical Equipment & Parts subindustry, Apar 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.
Apar Industries Days Payable vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Apar Industries's Days Payable distribution charts can be found below:
* The bar in red indicates where Apar Industries'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.
Apar Industries's Days Payable for the fiscal year that ended in Mar. 2026 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.
Apar Industries (NSE:APARINDS) has a Days Payable of 120.61 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 Apar Industries and its competitors. This is 26% below median its historical median of 163.41. Over the past decade, Apar Industries' Days Payable has ranged from 119.03 to 220.07. According to the industry distribution chart, Apar Industries ranks #970 out of 2986 companies in the Industrial Products industry, placing it in the top 32.5%.
Is Apar Industries' Days Payable too high?
Apar Industries' current Days Payable of 120.61 is 26% below median its 10-year median of 163.41. Over the past 10 years, this metric has ranged from a low of 119.03 to a high of 220.07. The Industrial Products industry median Days Payable is 77.81. Apar Industries' value of 120.61 is 55% above this industry median. Based on the distribution chart, Apar Industries ranks #970 out of 2986 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Apar Industries has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apar Industries' Days Payable compare to VRT and BE?
According to the Industrial Products industry distribution chart, Apar Industries ranks #970 out of 2986 companies for Days Payable. This puts Apar Industries in the upper half of its industry. The industry median Days Payable is 77.81. Apar Industries' value of 120.61 is 55% above this benchmark. Historically, Apar Industries' own Days Payable has ranged from 119.03 to 220.07 over the past decade. While the company's 10-year median is 163.41 vs. the industry median of 77.81, Apar Industries 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 77.81, based on 2,986 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. Apar Industries's current Days Payable of 120.61 is 55% 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 Apar Industries and its competitors. For the Industrial Products industry, the median Days Payable is 77.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apar Industries's current Days Payable is 120.61, which is 26% below median its own 10-year median of 163.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apar Industries stock overvalued right now?
Based on GuruFocus' analysis, Apar Industries (NSE:APARINDS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹10,320.53, compared to a current price of ₹14,058.00 — trading 36.2% above its estimated fair value. The current Days Payable is 120.61, which is 26% below median its 10-year median of 163.41 and 55% above the Industrial Products industry median of 77.81. Apar Industries' overall GF Score™ is 84/100 with 1 warning sign 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 Apar Industries (NSE:APARINDS), the current Days Payable is 120.61 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 Apar Industries (NSE:APARINDS) Overvalued in 2026?
Based on GuruFocus' analysis, Apar Industries stock appears to be overvalued.
The current stock price of ₹14,058.00 is trading 36.2% above its estimated GF Value™ of ₹10,320.53.
GuruFocus considers Apar Industries to be Significantly Overvalued.
Key valuation signals for NSE:APARINDS:
Days Payable: 120.61 (26% below median its 10-year median of 163.41)
GF Value™: ₹10,320.53 vs. price of ₹14,058.00 (36.2% above fair value)
Industry Position: 55% above the Industrial Products median (#970 of 2986)
No single metric tells the full story. See the NSE:APARINDS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apar Industries Ltd is engaged in the business of manufacture and sale of conductors. The company's reportable segments include Conductor, Transformer & Specialities Oils and Power/Telecom Cables. It generates maximum revenue from the Conductor segment. Geographically, it derives a majority of its revenue from India. Its product categories include Transformer Oils, White Oils, Petroleum Jelly, Process Oils, Electrical cables, Elastomer and E-beam cables, Light duty cables and wires, Fibre optic cables, Automotive engine oils, Automotive gear oil, Transmission fluid, PICC conductors, Railway overhead conductors, Specialty wires.
84GF Score
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