* 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.
Girnar Spintex Industries Days Payable Competitor Comparison
For the Textile Manufacturing subindustry, Girnar Spintex 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.
Girnar Spintex Industries Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Girnar Spintex Industries's Days Payable distribution charts can be found below:
* The bar in red indicates where Girnar Spintex Industries's Days Payable falls into.
Girnar Spintex 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.
Girnar Spintex 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.
Girnar Spintex Industries (NSE:ASIL) has a Days Payable of 72.19 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 Girnar Spintex Industries and its competitors. This is 72% above median its historical median of 42.07. Over the past decade, Girnar Spintex Industries' Days Payable has ranged from 13.02 to 150,369.34.
Is Girnar Spintex Industries' Days Payable too high?
Girnar Spintex Industries' current Days Payable of 72.19 is 72% above median its 10-year median of 42.07. Over the past 10 years, this metric has ranged from a low of 13.02 to a high of 150,369.34. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.13. Girnar Spintex Industries' value of 72.19 is 33.4% above this industry median.
How does Girnar Spintex Industries' Days Payable compare to competitors?
Girnar Spintex Industries' Days Payable of 72.19 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Days Payable is 54.13. Girnar Spintex Industries' value of 72.19 is 33.4% above this benchmark. Historically, Girnar Spintex Industries' own Days Payable has ranged from 13.02 to 150,369.34 over the past decade. While the company's 10-year median is 42.07 vs. the industry median of 54.13, Girnar Spintex 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.13, based on 1,019 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. Girnar Spintex Industries's current Days Payable of 72.19 is 33.4% 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 Girnar Spintex Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Girnar Spintex Industries's current Days Payable is 72.19, which is 72% above median its own 10-year median of 42.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Girnar Spintex Industries stock overvalued right now?
Girnar Spintex Industries (NSE:ASIL) has a current Days Payable of 72.19. The stock's GF Value™ is ₹2.18, compared to a current price of ₹0.70 — trading 67.9% below its estimated fair value. The current Days Payable is 72.19, which is 72% above median its 10-year median of 42.07 and 33.4% above the Manufacturing - Apparel & Accessories industry median of 54.13. 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 Girnar Spintex Industries (NSE:ASIL), the current Days Payable is 72.19 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.
Girnar Spintex Industries Ltd is an India-based company engaged in the business of spinning mills. It earns revenues from cotton sales, fabric sales, waste sales, and yarn sales. The company generates a majority of its revenues from yarn sales.
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