Bharat Petroleum (NSE:BPCL) Days Payable: 39.36 (As of Mar. 2026) — 65% Above Median


NSE:BPCL Bharat Petroleum Corp Ltd NSE:BPCL
79 GF Score
Price ₹308.15
GF Value ₹326.90
Valuation Fairly Valued
! 4 Warning Signs
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What is Bharat Petroleum Days Payable?

Bharat Petroleum NSE:BPCL -0.74% 79 Days Payable is 39.36 as of Mar. 2026, which is 65% above its 10-year median of 23.92. GuruFocus rates NSE:BPCL with a GF Score™ of 79/100 and a GF Value™ of ₹326.90 (Fairly Valued). The stock has 4 warning signs investors should review. Among 851 Oil & Gas companies, Bharat Petroleum ranks worse than 74.74% on this metric.

Bharat Petroleum's average Accounts Payable for the three months ended in Mar. 2026 was ₹426,542 Mil. Bharat Petroleum's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹988,787 Mil. Hence, Bharat Petroleum's Days Payable for the three months ended in Mar. 2026 was 39.36.

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

NSE:BPCL' s Days Payable Range Over the Past 10 Years
Min: 20.43   Med: 23.92   Max: 34.56
Current: 32.18

During the past 13 years, Bharat Petroleum's highest Days Payable was 34.56. The lowest was 20.43. And the median was 23.92.

NSE:BPCL's Days Payable is ranked worse than
74.74% of 851 companies
in the Oil & Gas industry
Industry Median: 57.95 vs NSE:BPCL: 32.18

Bharat Petroleum's Days Payable increased from Mar. 2025 (28.70) to Mar. 2026 (39.36). It may suggest that Bharat Petroleum delayed paying its suppliers.


Bharat Petroleum Days Payable Historical Data

* Premium members only.

The historical data trend for Bharat Petroleum'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.

Bharat Petroleum Days Payable Chart

Bharat Petroleum 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 27.10 22.25 24.54 27.40 34.56

Bharat Petroleum 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 28.70 28.61 29.78 26.17 39.36

NSE:BPCL vs VLO, MPC, PSX: Days Payable Comparison

For the Oil & Gas Refining & Marketing subindustry, Bharat Petroleum'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 Petroleum Days Payable vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Bharat Petroleum's Days Payable distribution charts can be found below:

* The bar in red indicates where Bharat Petroleum's Days Payable falls into.


NSE:BPCL
79GF Score
Bharat Petroleum Corp Ltd NSE:BPCL
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Bharat Petroleum 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.

Bharat Petroleum'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
=( (306340.6 + 426542.4) / 2 ) / 3870422.8*365
=366441.5 / 3870422.8*365
=34.56

Bharat Petroleum'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 + 426542.4) / 1 ) / 988786.9*365 / 4
=426542.4 / 988786.9*365 / 4
=39.36

* 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 39.36 mean?
Bharat Petroleum (NSE:BPCL) has a Days Payable of 39.36 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 Petroleum and its competitors. This is 65% above median its historical median of 23.92. Over the past decade, Bharat Petroleum's Days Payable has ranged from 20.43 to 34.56. According to the industry distribution chart, Bharat Petroleum ranks #636 out of 851 companies in the Oil & Gas industry, placing it in the top 74.7%.
Is Bharat Petroleum's Days Payable too high?
Bharat Petroleum's current Days Payable of 39.36 is 65% above median its 10-year median of 23.92. Over the past 10 years, this metric has ranged from a low of 20.43 to a high of 34.56. The Oil & Gas industry median Days Payable is 57.95. Bharat Petroleum's value of 39.36 is 32.1% below this industry median. Based on the distribution chart, Bharat Petroleum ranks #636 out of 851 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Bharat Petroleum has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bharat Petroleum's Days Payable compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Bharat Petroleum ranks #636 out of 851 companies for Days Payable. This places Bharat Petroleum in the lower half of its industry. The industry median Days Payable is 57.95. Bharat Petroleum's value of 39.36 is 32.1% below this benchmark. Historically, Bharat Petroleum's own Days Payable has ranged from 20.43 to 34.56 over the past decade. While the company's 10-year median is 23.92 vs. the industry median of 57.95, Bharat Petroleum 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 Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.95, based on 851 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 Petroleum's current Days Payable of 39.36 is 32.1% 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 Petroleum and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Petroleum's current Days Payable is 39.36, which is 65% above median its own 10-year median of 23.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Petroleum stock overvalued right now?
Based on GuruFocus' analysis, Bharat Petroleum (NSE:BPCL) is currently considered Fairly Valued. The stock's GF Value™ is ₹326.90, compared to a current price of ₹308.15 — trading 5.7% below its estimated fair value. The current Days Payable is 39.36, which is 65% above median its 10-year median of 23.92 and 32.1% below the Oil & Gas industry median of 57.95. Bharat Petroleum's overall GF Score™ is 79/100 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 Bharat Petroleum (NSE:BPCL), the current Days Payable is 39.36 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 Petroleum (NSE:BPCL) Overvalued in 2026?

Based on GuruFocus' analysis, Bharat Petroleum stock appears to be undervalued. The current stock price of ₹308.15 is trading 5.7% below its estimated GF Value™ of ₹326.90. GuruFocus considers Bharat Petroleum to be Fairly Valued.

Key valuation signals for NSE:BPCL:

  • Days Payable: 39.36 (65% above median its 10-year median of 23.92)
  • GF Value™: ₹326.90 vs. price of ₹308.15 (5.7% below fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 32.1% below the Oil & Gas median (#636 of 851)

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


Bharat Petroleum Business Description

Industry EnergyOil & Gas
Other Exchanges 500547:India
Address 4 and 6 Currimbhoy Road, Bharat Bhavan, P.O. Box No. 668, Ballard Estate, Mumbai, MH, IND, 400001
Bharat Petroleum Corp Ltd operates several refineries in India, while also marketing and distributing petroleum by-products. Operations are divided into the following reportable segments: Downstream Petroleum, and Exploration and Production of Hydrocarbons. Downstream Petroleum operations which generate the majority of its revenue, include the refineries that produce liquefied petroleum gas, aromatics, kerosene, fuel oil, furnace oil, and bitumen. Bharat's petroleum by-products are often commanded by consumers in aviation, autos, maritime, and many other industrial segments. The Downstream Petroleum operations also include the network of retail service stations across India. Geographically, the company derives a majority of its revenue from India and the rest from other countries.
79GF Score

Get the complete analysis for NSE:BPCL

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

₹308.15
Price
₹326.90
GF Value