Bharat ElectronicsNSE:BEL +1.79%98 Days Payable is 61.77 as of Mar. 2026, which is 40% below its 10-year median of 103.48. GuruFocus rates NSE:BEL with a GF Score™ of 98/100 and a GF Value™ of ₹396.32 (Fairly Valued). Among 337 Aerospace & Defense companies, Bharat Electronics ranks better than 59.64% on this metric.
The historical rank and industry rank for Bharat Electronics's Days Payable or its related term are showing as below:
NSE:BEL'
s Days Payable Range Over the Past 10 Years
Min: 85.22 Med: 103.48 Max: 136.57
Current: 85.22
During the past 13 years, Bharat Electronics's highest Days Payable was 136.57. The lowest was 85.22. And the median was 103.48.
NSE:BEL's Days Payable is ranked better than 59.64% of 337
companies
in the Aerospace & Defense industry
Industry Median: 64.7
vs NSE:BEL: 85.22
Bharat Electronics's Days Payable
declined
from Mar. 2025 (64.15) to Mar. 2026 (61.77).
It may suggest that Bharat Electronicsaccelerated paying its suppliers.
Bharat Electronics Days Payable Related Terms
Bharat Electronics Days Payable Historical Data
* Premium members only.
The historical data trend for Bharat Electronics'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 Aerospace & Defense subindustry, Bharat Electronics'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.
Bharat Electronics Days Payable vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Bharat Electronics's Days Payable distribution charts can be found below:
* The bar in red indicates where Bharat Electronics'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.
Bharat Electronics'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.
Bharat Electronics (NSE:BEL) has a Days Payable of 61.77 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 Bharat Electronics and its competitors. This is 40% below median its historical median of 103.48. Over the past decade, Bharat Electronics' Days Payable has ranged from 85.22 to 136.57. According to the industry distribution chart, Bharat Electronics ranks #136 out of 337 companies in the Aerospace & Defense industry, placing it in the top 40.4%.
Is Bharat Electronics' Days Payable too high?
Bharat Electronics' current Days Payable of 61.77 is 40% below median its 10-year median of 103.48. Over the past 10 years, this metric has ranged from a low of 85.22 to a high of 136.57. The Aerospace & Defense industry median Days Payable is 64.70. Bharat Electronics' value of 61.77 is 4.5% below this industry median. Based on the distribution chart, Bharat Electronics ranks #136 out of 337 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Bharat Electronics has a GF Score™ of 98/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bharat Electronics' Days Payable compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Bharat Electronics ranks #136 out of 337 companies for Days Payable. This puts Bharat Electronics in the upper half of its industry. The industry median Days Payable is 64.70. Bharat Electronics' value of 61.77 is 4.5% below this benchmark. Historically, Bharat Electronics' own Days Payable has ranged from 85.22 to 136.57 over the past decade. While the company's 10-year median is 103.48 vs. the industry median of 64.70, Bharat Electronics 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 Aerospace & Defense company?
The median Days Payable among Aerospace & Defense companies is 64.70, based on 337 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. Bharat Electronics's current Days Payable of 61.77 is 4.5% 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 Bharat Electronics and its competitors. For the Aerospace & Defense industry, the median Days Payable is 64.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Electronics's current Days Payable is 61.77, which is 40% below median its own 10-year median of 103.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Electronics stock overvalued right now?
Based on GuruFocus' analysis, Bharat Electronics (NSE:BEL) is currently considered Fairly Valued. The stock's GF Value™ is ₹396.32, compared to a current price of ₹425.55 — trading 7.4% above its estimated fair value. The current Days Payable is 61.77, which is 40% below median its 10-year median of 103.48 and 4.5% below the Aerospace & Defense industry median of 64.70. Bharat Electronics' overall GF Score™ is 98/100. 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 Bharat Electronics (NSE:BEL), the current Days Payable is 61.77 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 Bharat Electronics (NSE:BEL) Overvalued in 2026?
Based on GuruFocus' analysis, Bharat Electronics stock appears to be overvalued.
The current stock price of ₹425.55 is trading 7.4% above its estimated GF Value™ of ₹396.32.
GuruFocus considers Bharat Electronics to be Fairly Valued.
Key valuation signals for NSE:BEL:
Days Payable: 61.77 (40% below median its 10-year median of 103.48)
GF Value™: ₹396.32 vs. price of ₹425.55 (7.4% above fair value)
Industry Position: 4.5% below the Aerospace & Defense median (#136 of 337)
No single metric tells the full story. See the NSE:BEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bharat Electronics Ltd is an aerospace and defense company predominantly owned by the Indian government. It manufactures a wide range of specialized electronics and equipment for defense and civilian use. Its investments are made in research and development to meet the ever-changing needs of customers and to test products in its pipeline. Its product portfolio includes unmanned systems, land-based radars, batteries, weapon systems, fuzes, simulators, and jammers, among others. It also provides cybersecurity and software products. A majority of the company's revenue is derived from the defense sector. Geographically, the company's key revenue is derived from India, and it also has international customers from countries like the United Kingdom, Israel, and others.
98GF Score
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