Apcotex Industries (NSE:APCOTEXIND) Days Payable: 67.07 (As of Mar. 2026) — 29% Above Median


NSE:APCOTEXIND Apcotex Industries Ltd NSE:APCOTEXIND
86 GF Score
Price ₹525.55
GF Value ₹522.83
Valuation Fairly Valued
! 6 Warning Signs
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What is Apcotex Industries Days Payable?

Apcotex Industries NSE:APCOTEXIND +0.47% 86 Days Payable is 67.07 as of Mar. 2026, which is 29% above its 10-year median of 52.13. GuruFocus rates NSE:APCOTEXIND with a GF Score™ of 86/100 and a GF Value™ of ₹522.83 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,555 Chemicals companies, Apcotex Industries ranks better than 53.76% on this metric.

Apcotex Industries's average Accounts Payable for the three months ended in Mar. 2026 was ₹1,845 Mil. Apcotex Industries's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹2,510 Mil. Hence, Apcotex Industries's Days Payable for the three months ended in Mar. 2026 was 67.07.

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

NSE:APCOTEXIND' s Days Payable Range Over the Past 10 Years
Min: 35.26   Med: 52.13   Max: 68.09
Current: 64.65

During the past 13 years, Apcotex Industries's highest Days Payable was 68.09. The lowest was 35.26. And the median was 52.13.

NSE:APCOTEXIND's Days Payable is ranked better than
53.76% of 1555 companies
in the Chemicals industry
Industry Median: 59.95 vs NSE:APCOTEXIND: 64.65

Apcotex Industries's Days Payable declined from Mar. 2025 (70.32) to Mar. 2026 (67.07). It may suggest that Apcotex Industries accelerated paying its suppliers.


Apcotex Industries Days Payable Historical Data

* Premium members only.

The historical data trend for Apcotex 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.

Apcotex Industries Days Payable Chart

Apcotex Industries 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 52.55 51.70 55.17 56.78 68.09

Apcotex 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 70.32 61.78 60.17 61.52 67.07

NSE:APCOTEXIND vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Apcotex 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.


Apcotex Industries Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Apcotex Industries's Days Payable distribution charts can be found below:

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


NSE:APCOTEXIND
86GF Score
Apcotex Industries Ltd NSE:APCOTEXIND
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Apcotex 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.

Apcotex Industries'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
=( (1876.444 + 1844.528) / 2 ) / 9972.829*365
=1860.486 / 9972.829*365
=68.09

Apcotex 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
=( (0 + 1844.528) / 1 ) / 2509.564*365 / 4
=1844.528 / 2509.564*365 / 4
=67.07

* 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 67.07 mean?
Apcotex Industries (NSE:APCOTEXIND) has a Days Payable of 67.07 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 Apcotex Industries and its competitors. This is 29% above median its historical median of 52.13. Over the past decade, Apcotex Industries' Days Payable has ranged from 35.26 to 68.09. According to the industry distribution chart, Apcotex Industries ranks #719 out of 1555 companies in the Chemicals industry, placing it in the top 46.2%.
Is Apcotex Industries' Days Payable too high?
Apcotex Industries' current Days Payable of 67.07 is 29% above median its 10-year median of 52.13. Over the past 10 years, this metric has ranged from a low of 35.26 to a high of 68.09. The Chemicals industry median Days Payable is 59.95. Apcotex Industries' value of 67.07 is 11.9% above this industry median. Based on the distribution chart, Apcotex Industries ranks #719 out of 1555 companies in the Chemicals industry, which is above the industry midpoint. Overall, Apcotex Industries has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Apcotex Industries' Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Apcotex Industries ranks #719 out of 1555 companies for Days Payable. This puts Apcotex Industries in the upper half of its industry. The industry median Days Payable is 59.95. Apcotex Industries' value of 67.07 is 11.9% above this benchmark. Historically, Apcotex Industries' own Days Payable has ranged from 35.26 to 68.09 over the past decade. While the company's 10-year median is 52.13 vs. the industry median of 59.95, Apcotex 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 a Chemicals company?
The median Days Payable among Chemicals companies is 59.95, based on 1,555 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. Apcotex Industries's current Days Payable of 67.07 is 11.9% 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 Apcotex Industries and its competitors. For the Chemicals industry, the median Days Payable is 59.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apcotex Industries's current Days Payable is 67.07, which is 29% above median its own 10-year median of 52.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apcotex Industries stock overvalued right now?
Based on GuruFocus' analysis, Apcotex Industries (NSE:APCOTEXIND) is currently considered Fairly Valued. The stock's GF Value™ is ₹522.83, compared to a current price of ₹525.55 — trading 0.5% above its estimated fair value. The current Days Payable is 67.07, which is 29% above median its 10-year median of 52.13 and 11.9% above the Chemicals industry median of 59.95. Apcotex Industries' overall GF Score™ is 86/100 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 Apcotex Industries (NSE:APCOTEXIND), the current Days Payable is 67.07 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 Apcotex Industries (NSE:APCOTEXIND) Overvalued in 2026?

Based on GuruFocus' analysis, Apcotex Industries stock appears to be overvalued. The current stock price of ₹525.55 is trading 0.5% above its estimated GF Value™ of ₹522.83. GuruFocus considers Apcotex Industries to be Fairly Valued.

Key valuation signals for NSE:APCOTEXIND:

  • Days Payable: 67.07 (29% above median its 10-year median of 52.13)
  • GF Value™: ₹522.83 vs. price of ₹525.55 (0.5% above fair value)
  • GF Score™: 86/100 with 6 warning signs
  • Industry Position: 11.9% above the Chemicals median (#719 of 1555)

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


Apcotex Industries Business Description

Other Exchanges 523694:India
Address B. M. Chinai Marg, NKM International House, 178, Backbay Reclamation, Mumbai, MH, IND, 400020
Apcotex Industries Ltd is an India-based company engaged in producing emulsion polymers. It operates in a single primary business segment, i.e. Synthetic Lattices & Rubber. The various grades of Synthetic Rubber find application in products such as Automotive Components, Hoses, Gaskets, Rice De-husking Rollers, Printing and Industrial Rollers, Friction Materials, Belting, and Footwear. Latexes are used for Paper/Paper Board Coating, Carpet Backing, Tyre Cord Dipping, Construction, and others. Its market coverage includes sales in India and Overseas Countries. The company derives the majority of its revenue from Indian markets.
86GF Score

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

₹525.55
Price
₹522.83
GF Value