Ashoka MetcastNSE:ASHOKAMET +0.20%76 Days Payable is 98.24 as of Mar. 2026, which is 141% above its 10-year median of 40.81. GuruFocus rates NSE:ASHOKAMET with a GF Score™ of 76/100 and a GF Value™ of ₹16.18 (Fairly Valued). The stock has 4 warning signs investors should review. Among 598 Steel companies, Ashoka Metcast ranks better than 88.96% on this metric.
The historical rank and industry rank for Ashoka Metcast's Days Payable or its related term are showing as below:
NSE:ASHOKAMET'
s Days Payable Range Over the Past 10 Years
Min: 0.61 Med: 40.81 Max: 134.67
Current: 127.94
During the past 13 years, Ashoka Metcast's highest Days Payable was 134.67. The lowest was 0.61. And the median was 40.81.
NSE:ASHOKAMET's Days Payable is ranked better than 88.96% of 598
companies
in the Steel industry
Industry Median: 41.385
vs NSE:ASHOKAMET: 127.94
Ashoka Metcast's Days Payable
increased
from Mar. 2025 (53.05) to Mar. 2026 (98.24).
It may suggest that Ashoka Metcastdelayed paying its suppliers.
Ashoka Metcast Days Payable Related Terms
Ashoka Metcast Days Payable Historical Data
* Premium members only.
The historical data trend for Ashoka Metcast'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.
NSE:ASHOKAMET vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, Ashoka Metcast'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.
Ashoka Metcast Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Ashoka Metcast's Days Payable distribution charts can be found below:
* The bar in red indicates where Ashoka Metcast'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.
Ashoka Metcast'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.
Ashoka Metcast (NSE:ASHOKAMET) has a Days Payable of 98.24 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 Ashoka Metcast and its competitors. This is 141% above median its historical median of 40.81. Over the past decade, Ashoka Metcast's Days Payable has ranged from 0.61 to 134.67. According to the industry distribution chart, Ashoka Metcast ranks #66 out of 598 companies in the Steel industry, placing it in the top 11%.
Is Ashoka Metcast's Days Payable too high?
Ashoka Metcast's current Days Payable of 98.24 is 141% above median its 10-year median of 40.81. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 134.67. The Steel industry median Days Payable is 41.39. Ashoka Metcast's value of 98.24 is 137.4% above this industry median. Based on the distribution chart, Ashoka Metcast ranks #66 out of 598 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Ashoka Metcast has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ashoka Metcast's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Ashoka Metcast ranks #66 out of 598 companies for Days Payable. This places Ashoka Metcast in the top 11% of its industry — outperforming the majority of peers. The industry median Days Payable is 41.39. Ashoka Metcast's value of 98.24 is 137.4% above this benchmark. Historically, Ashoka Metcast's own Days Payable has ranged from 0.61 to 134.67 over the past decade. While the company's 10-year median is 40.81 vs. the industry median of 41.39, Ashoka Metcast 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 Steel company?
The median Days Payable among Steel companies is 41.39, based on 598 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. Ashoka Metcast's current Days Payable of 98.24 is 137.4% 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 Ashoka Metcast and its competitors. For the Steel industry, the median Days Payable is 41.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashoka Metcast's current Days Payable is 98.24, which is 141% above median its own 10-year median of 40.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashoka Metcast stock overvalued right now?
Based on GuruFocus' analysis, Ashoka Metcast (NSE:ASHOKAMET) is currently considered Fairly Valued. The stock's GF Value™ is ₹16.18, compared to a current price of ₹15.18 — trading 6.2% below its estimated fair value. The current Days Payable is 98.24, which is 141% above median its 10-year median of 40.81 and 137.4% above the Steel industry median of 41.39. Ashoka Metcast's overall GF Score™ is 76/100 with 4 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 Ashoka Metcast (NSE:ASHOKAMET), the current Days Payable is 98.24 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 Ashoka Metcast (NSE:ASHOKAMET) Overvalued in 2026?
Based on GuruFocus' analysis, Ashoka Metcast stock appears to be undervalued.
The current stock price of ₹15.18 is trading 6.2% below its estimated GF Value™ of ₹16.18.
GuruFocus considers Ashoka Metcast to be Fairly Valued.
Key valuation signals for NSE:ASHOKAMET:
Days Payable: 98.24 (141% above median its 10-year median of 40.81)
GF Value™: ₹16.18 vs. price of ₹15.18 (6.2% below fair value)
Industry Position: 137.4% above the Steel median (#66 of 598)
No single metric tells the full story. See the NSE:ASHOKAMET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashoka Metcast Ltd is currently engaged in the trading of structural steel and goods. The company has two segments namely Steel Trading and Trading of Goods. The company products are Thermo-Mechanically Treated bars, Angle bars, Mild steel bars, and Steel channels.
76GF Score
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