CoforgeNSE:COFORGE +2.40%92 Days Payable is 58.80 as of Mar. 2026, which is 53% above its 10-year median of 38.40. GuruFocus rates NSE:COFORGE with a GF Score™ of 92/100 and a GF Value™ of ₹2,210.64 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,605 Software companies, Coforge ranks worse than 51.82% on this metric.
Coforge's average Accounts Payable for the
three
months ended in Mar. 2026 was ₹17,754 Mil. Coforge's Cost of Goods Sold for the
three
months ended in Mar. 2026 was ₹27,551 Mil.
Hence, Coforge's Days Payable for the
three
months ended in Mar. 2026 was 58.80.
The historical rank and industry rank for Coforge's Days Payable or its related term are showing as below:
NSE:COFORGE'
s Days Payable Range Over the Past 10 Years
Min: 25.37 Med: 38.4 Max: 50.68
Current: 50.68
During the past 13 years, Coforge's highest Days Payable was 50.68. The lowest was 25.37. And the median was 38.40.
NSE:COFORGE's Days Payable is ranked worse than 51.82% of 2605
companies
in the Software industry
Industry Median: 52.79
vs NSE:COFORGE: 50.68
Coforge's Days Payable
increased
from Mar. 2025 (39.96) to Mar. 2026 (58.80).
It may suggest that Coforgedelayed paying its suppliers.
Coforge Days Payable Related Terms
Coforge Days Payable Historical Data
* Premium members only.
The historical data trend for Coforge'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:COFORGE vs IBM, ACN, FISV: Days Payable Comparison
For the Information Technology Services subindustry, Coforge'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.
Coforge Days Payable vs Software Industry
For the Software industry and Technology sector, Coforge's Days Payable distribution charts can be found below:
* The bar in red indicates where Coforge'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.
Coforge'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.
Coforge (NSE:COFORGE) has a Days Payable of 58.80 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 Coforge and its competitors. This is 53% above median its historical median of 38.40. Over the past decade, Coforge's Days Payable has ranged from 25.37 to 50.68. According to the industry distribution chart, Coforge ranks #1350 out of 2605 companies in the Software industry, placing it in the top 51.8%.
Is Coforge's Days Payable too high?
Coforge's current Days Payable of 58.80 is 53% above median its 10-year median of 38.40. Over the past 10 years, this metric has ranged from a low of 25.37 to a high of 50.68. The Software industry median Days Payable is 52.79. Coforge's value of 58.80 is 11.4% above this industry median. Based on the distribution chart, Coforge ranks #1350 out of 2605 companies in the Software industry, which is below the industry midpoint. Overall, Coforge has a GF Score™ of 92/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Coforge's Days Payable compare to IBM and ACN?
According to the Software industry distribution chart, Coforge ranks #1350 out of 2605 companies for Days Payable. This places Coforge in the lower half of its industry. The industry median Days Payable is 52.79. Coforge's value of 58.80 is 11.4% above this benchmark. Historically, Coforge's own Days Payable has ranged from 25.37 to 50.68 over the past decade. While the company's 10-year median is 38.40 vs. the industry median of 52.79, Coforge 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 Software company?
The median Days Payable among Software companies is 52.79, based on 2,605 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. Coforge's current Days Payable of 58.80 is 11.4% 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 Coforge and its competitors. For the Software industry, the median Days Payable is 52.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coforge's current Days Payable is 58.80, which is 53% above median its own 10-year median of 38.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coforge stock overvalued right now?
Based on GuruFocus' analysis, Coforge (NSE:COFORGE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹2,210.64, compared to a current price of ₹1,503.80 — trading 32% below its estimated fair value. The current Days Payable is 58.80, which is 53% above median its 10-year median of 38.40 and 11.4% above the Software industry median of 52.79. Coforge's overall GF Score™ is 92/100 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 Coforge (NSE:COFORGE), the current Days Payable is 58.80 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 Coforge (NSE:COFORGE) Overvalued in 2026?
Based on GuruFocus' analysis, Coforge stock appears to be undervalued.
The current stock price of ₹1,503.80 is trading 32% below its estimated GF Value™ of ₹2,210.64.
GuruFocus considers Coforge to be Significantly Undervalued.
Key valuation signals for NSE:COFORGE:
Days Payable: 58.80 (53% above median its 10-year median of 38.40)
GF Value™: ₹2,210.64 vs. price of ₹1,503.80 (32% below fair value)
Industry Position: 11.4% above the Software median (#1350 of 2605)
No single metric tells the full story. See the NSE:COFORGE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coforge Ltd provides a variety of information technology services. The firm's services include infrastructure management, business processes outsourcing, application and network testing, systems integration, IP asset-based solutions, application development and maintenance, managed services, cloud computing, and digital services, among others. The company's customers typically operate in the travel and transportation, banking and financial services, insurance, manufacturing, and media industries. The geographical segments of the company include the Americas, India, Europe, Middle East and Africa, and Asia Pacific. It generates maximum revenue from the Americas.
92GF Score
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