Chaman MetallicsNSE:CMNL 61 Days Payable is 29.13 as of Mar. 2026, which is 4% below its 10-year median of 30.36. GuruFocus rates NSE:CMNL with a GF Score™ of 61/100 and a GF Value™ of ₹344.98 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 597 Steel companies, Chaman Metallics ranks better than 64.66% on this metric.
The historical rank and industry rank for Chaman Metallics's Days Payable or its related term are showing as below:
NSE:CMNL'
s Days Payable Range Over the Past 10 Years
Min: 15.45 Med: 30.36 Max: 58.25
Current: 58.25
During the past 7 years, Chaman Metallics's highest Days Payable was 58.25. The lowest was 15.45. And the median was 30.36.
NSE:CMNL's Days Payable is ranked better than 64.66% of 597
companies
in the Steel industry
Industry Median: 41.39
vs NSE:CMNL: 58.25
Chaman Metallics's Days Payable
increased
from Mar. 2024 (0.00) to Mar. 2026 (29.13).
It may suggest that Chaman Metallicsdelayed paying its suppliers.
Chaman Metallics Days Payable Related Terms
Chaman Metallics Days Payable Historical Data
* Premium members only.
The historical data trend for Chaman Metallics'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:CMNL vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, Chaman Metallics'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.
Chaman Metallics Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Chaman Metallics's Days Payable distribution charts can be found below:
* The bar in red indicates where Chaman Metallics'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.
Chaman Metallics'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.
Chaman Metallics (NSE:CMNL) has a Days Payable of 29.13 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 Chaman Metallics and its competitors. This is near median its historical median of 30.36. Over the past decade, Chaman Metallics' Days Payable has ranged from 15.45 to 58.25. According to the industry distribution chart, Chaman Metallics ranks #211 out of 597 companies in the Steel industry, placing it in the top 35.3%.
Is Chaman Metallics' Days Payable too high?
Chaman Metallics' current Days Payable of 29.13 is near median its 10-year median of 30.36. Over the past 10 years, this metric has ranged from a low of 15.45 to a high of 58.25. The Steel industry median Days Payable is 41.39. Chaman Metallics' value of 29.13 is 29.6% below this industry median. Based on the distribution chart, Chaman Metallics ranks #211 out of 597 companies in the Steel industry, which is above the industry midpoint. Overall, Chaman Metallics has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Chaman Metallics' Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Chaman Metallics ranks #211 out of 597 companies for Days Payable. This puts Chaman Metallics in the upper half of its industry. The industry median Days Payable is 41.39. Chaman Metallics' value of 29.13 is 29.6% below this benchmark. Historically, Chaman Metallics' own Days Payable has ranged from 15.45 to 58.25 over the past decade. While the company's 10-year median is 30.36 vs. the industry median of 41.39, Chaman Metallics 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 a Steel company?
The median Days Payable among Steel companies is 41.39, based on 597 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. Chaman Metallics's current Days Payable of 29.13 is 29.6% 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 Chaman Metallics 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. Chaman Metallics's current Days Payable is 29.13, which is near median its own 10-year median of 30.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chaman Metallics stock overvalued right now?
Based on GuruFocus' analysis, Chaman Metallics (NSE:CMNL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹344.98, compared to a current price of ₹102.20 — trading 70.4% below its estimated fair value. The current Days Payable is 29.13, which is near median its 10-year median of 30.36 and 29.6% below the Steel industry median of 41.39. Chaman Metallics' overall GF Score™ is 61/100 with 8 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 Chaman Metallics (NSE:CMNL), the current Days Payable is 29.13 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 Chaman Metallics (NSE:CMNL) Overvalued in 2026?
Based on GuruFocus' analysis, Chaman Metallics stock appears to be undervalued.
The current stock price of ₹102.20 is trading 70.4% below its estimated GF Value™ of ₹344.98.
GuruFocus considers Chaman Metallics to be Possible Value Trap.
Key valuation signals for NSE:CMNL:
Days Payable: 29.13 (near median its 10-year median of 30.36)
GF Value™: ₹344.98 vs. price of ₹102.20 (70.4% below fair value)
Industry Position: 29.6% below the Steel median (#211 of 597)
No single metric tells the full story. See the NSE:CMNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chaman Metallics Ltd is engaged in the business of selling Iron and Steel. The company is engaged in manufacturing and selling Direct Reduced Iron (i.e., sponge iron), which is used as a raw material for making steel in electric arc furnaces and induction furnaces.
61GF Score
Get the complete analysis for NSE:CMNL
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:CMNL has been successfully added to your 