Solve Plastic Products (NSE:BALCO) Days Payable: 47.03 (As of Sep. 2025) — 141% Above Median

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NSE:BALCO Solve Plastic Products Ltd NSE:BALCO
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What is Solve Plastic Products Days Payable?

Solve Plastic Products NSE:BALCO 7 Days Payable is 47.03 as of Sep. 2025, which is 141% above its 10-year median of 19.49. GuruFocus rates NSE:BALCO with a GF Score™ of 7/100. The stock has 2 warning signs investors should review. Among 2,994 Industrial Products companies, Solve Plastic Products ranks worse than 78.16% on this metric.

Solve Plastic Products's average Accounts Payable for the six months ended in Sep. 2025 was ₹33.4 Mil. Solve Plastic Products's Cost of Goods Sold for the six months ended in Sep. 2025 was ₹129.5 Mil. Hence, Solve Plastic Products's Days Payable for the six months ended in Sep. 2025 was 47.03.

The historical rank and industry rank for Solve Plastic Products's Days Payable or its related term are showing as below:

NSE:BALCO' s Days Payable Range Over the Past 10 Years
Min: 16.66   Med: 19.49   Max: 39.89
Current: 39.89

During the past 5 years, Solve Plastic Products's highest Days Payable was 39.89. The lowest was 16.66. And the median was 19.49.

NSE:BALCO's Days Payable is ranked worse than
78.16% of 2994 companies
in the Industrial Products industry
Industry Median: 78.065 vs NSE:BALCO: 39.89

Solve Plastic Products's Days Payable increased from Sep. 2024 (32.81) to Sep. 2025 (47.03). It may suggest that Solve Plastic Products delayed paying its suppliers.


Solve Plastic Products Days Payable Historical Data

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The historical data trend for Solve Plastic Products'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.

Solve Plastic Products Days Payable Chart

Solve Plastic Products Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Days Payable
19.49 19.19 16.66 22.96 24.90

Solve Plastic Products Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Days Payable Get a 7-Day Free Trial 14.86 31.75 32.81 24.48 47.03

NSE:BALCO vs VRT, BE: Days Payable Comparison

For the Electrical Equipment & Parts subindustry, Solve Plastic Products'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.


Solve Plastic Products Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Solve Plastic Products's Days Payable distribution charts can be found below:

* The bar in red indicates where Solve Plastic Products's Days Payable falls into.


NSE:BALCO
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Solve Plastic Products Ltd NSE:BALCO
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Solve Plastic Products 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.

Solve Plastic Products's Days Payable for the fiscal year that ended in Mar. 2025 is calculated as

Days Payable (A: Mar. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2024 ) + Accounts Payable (A: Mar. 2025 )) / count ) / Cost of Goods Sold (A: Mar. 2025 )*Days in Period
=( (25.352 + 15.145) / 2 ) / 296.808*365
=20.2485 / 296.808*365
=24.90

Solve Plastic Products's Days Payable for the quarter that ended in Sep. 2025 is calculated as:

Days Payable (Q: Sep. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2025 ) + Accounts Payable (Q: Sep. 2025 )) / count ) / Cost of Goods Sold (Q: Sep. 2025 )*Days in Period
=( (15.145 + 51.597) / 2 ) / 129.483*365 / 2
=33.371 / 129.483*365 / 2
=47.03

* 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 47.03 mean?
Solve Plastic Products (NSE:BALCO) has a Days Payable of 47.03 as of Sep. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Solve Plastic Products and its competitors. This is 141% above median its historical median of 19.49. Over the past decade, Solve Plastic Products' Days Payable has ranged from 16.66 to 39.89. According to the industry distribution chart, Solve Plastic Products ranks #2340 out of 2994 companies in the Industrial Products industry, placing it in the top 78.2%.
Is Solve Plastic Products' Days Payable too high?
Solve Plastic Products' current Days Payable of 47.03 is 141% above median its 10-year median of 19.49. Over the past 10 years, this metric has ranged from a low of 16.66 to a high of 39.89. The Industrial Products industry median Days Payable is 78.07. Solve Plastic Products' value of 47.03 is 39.8% below this industry median. Based on the distribution chart, Solve Plastic Products ranks #2340 out of 2994 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Solve Plastic Products has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Solve Plastic Products' Days Payable compare to VRT and BE?
According to the Industrial Products industry distribution chart, Solve Plastic Products ranks #2340 out of 2994 companies for Days Payable. This places Solve Plastic Products in the lower half of its industry. The industry median Days Payable is 78.07. Solve Plastic Products' value of 47.03 is 39.8% below this benchmark. Historically, Solve Plastic Products' own Days Payable has ranged from 16.66 to 39.89 over the past decade. While the company's 10-year median is 19.49 vs. the industry median of 78.07, Solve Plastic Products has consistently been below 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 78.07, based on 2,994 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. Solve Plastic Products's current Days Payable of 47.03 is 39.8% below 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 Solve Plastic Products and its competitors. For the Industrial Products industry, the median Days Payable is 78.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solve Plastic Products's current Days Payable is 47.03, which is 141% above median its own 10-year median of 19.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solve Plastic Products stock overvalued right now?
Solve Plastic Products (NSE:BALCO) has a current Days Payable of 47.03. The current Days Payable is 47.03, which is 141% above median its 10-year median of 19.49 and 39.8% below the Industrial Products industry median of 78.07. Solve Plastic Products' overall GF Score™ is 7/100 with 2 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 Solve Plastic Products (NSE:BALCO), the current Days Payable is 47.03 as of Sep. 2025. 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.

Solve Plastic Products Business Description

Address Powerhouse Ward, 2nd Floor, BALCO Building, XXIX/456, Tholicode, Pathanapuram, Kollam, KL, IND, 691333
Solve Plastic Products Ltd manufactures a comprehensive range of uPVC (Unplasticized Polyvinyl Chloride) pipes and rigid PVC electrical conduits. The company markets its products under the brand name BALCOPIPES, which includes flexible conduits, green hoses, rigid PVC electric conduit fittings, solvent cement, uPVC pipes and fittings, water tanks, CPVC water pipes and fittings, and casing and capping.
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