Divyadhan Recycling Industries (NSE:DIVYADHAN) Days Payable: 24.92 (As of Mar. 2025) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:DIVYADHAN Divyadhan Recycling Industries Ltd NSE:DIVYADHAN
17 GF Score
Price ₹41.90
! 4 Warning Signs
View Full Analysis

What is Divyadhan Recycling Industries Days Payable?

Divyadhan Recycling Industries NSE:DIVYADHAN -9.70% 17 Days Payable is 24.92 as of Mar. 2025, which is 6% above its 10-year median of 23.62. GuruFocus rates NSE:DIVYADHAN with a GF Score™ of 17/100. The stock has 4 warning signs investors should review. Among 1,026 Manufacturing - Apparel & Accessories companies, Divyadhan Recycling Industries ranks worse than 79.82% on this metric.

Divyadhan Recycling Industries's average Accounts Payable for the six months ended in Mar. 2025 was ₹36.0 Mil. Divyadhan Recycling Industries's Cost of Goods Sold for the six months ended in Mar. 2025 was ₹527.3 Mil. Hence, Divyadhan Recycling Industries's Days Payable for the six months ended in Mar. 2025 was 12.46.

The historical rank and industry rank for Divyadhan Recycling Industries's Days Payable or its related term are showing as below:

NSE:DIVYADHAN' s Days Payable Range Over the Past 10 Years
Min: 17.1   Med: 23.62   Max: 27.35
Current: 24.92

During the past 5 years, Divyadhan Recycling Industries's highest Days Payable was 27.35. The lowest was 17.10. And the median was 23.62.

NSE:DIVYADHAN's Days Payable is ranked worse than
79.82% of 1026 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.04 vs NSE:DIVYADHAN: 24.92

Divyadhan Recycling Industries's Days Payable increased from Mar. 2023 (20.07) to Mar. 2025 (24.92). It may suggest that Divyadhan Recycling Industries delayed paying its suppliers.


Divyadhan Recycling Industries Days Payable Historical Data

* Premium members only.

The historical data trend for Divyadhan Recycling Industries'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.

Divyadhan Recycling Industries Days Payable Chart

Divyadhan Recycling Industries Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Days Payable
27.35 17.10 20.07 23.62 24.92

Divyadhan Recycling Industries Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
Days Payable 27.35 17.10 20.07 23.62 24.92

Divyadhan Recycling Industries Days Payable Competitor Comparison

For the Textile Manufacturing subindustry, Divyadhan Recycling Industries'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.


Divyadhan Recycling Industries Days Payable vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Divyadhan Recycling Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Divyadhan Recycling Industries's Days Payable falls into.


NSE:DIVYADHAN
17GF Score
Divyadhan Recycling Industries Ltd NSE:DIVYADHAN
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Divyadhan Recycling Industries 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.

Divyadhan Recycling Industries'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
=( (31.917 + 40.091) / 2 ) / 527.315*365
=36.004 / 527.315*365
=24.92

Divyadhan Recycling Industries's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

Days Payable (Q: Mar. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2024 ) + Accounts Payable (Q: Mar. 2025 )) / count ) / Cost of Goods Sold (Q: Mar. 2025 )*Days in Period
=( (31.917 + 40.091) / 2 ) / 527.315*365 / 2
=36.004 / 527.315*365 / 2
=12.46

* 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 24.92 mean?
Divyadhan Recycling Industries (NSE:DIVYADHAN) has a Days Payable of 24.92 as of Mar. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Divyadhan Recycling Industries and its competitors. This is near median its historical median of 23.62. Over the past decade, Divyadhan Recycling Industries' Days Payable has ranged from 17.10 to 27.35. According to the industry distribution chart, Divyadhan Recycling Industries ranks #819 out of 1026 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 79.8%.
Is Divyadhan Recycling Industries' Days Payable too high?
Divyadhan Recycling Industries' current Days Payable of 24.92 is near median its 10-year median of 23.62. Over the past 10 years, this metric has ranged from a low of 17.10 to a high of 27.35. The Manufacturing - Apparel & Accessories industry median Days Payable is 53.04. Divyadhan Recycling Industries' value of 24.92 is 53% below this industry median. Based on the distribution chart, Divyadhan Recycling Industries ranks #819 out of 1026 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Divyadhan Recycling Industries has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Divyadhan Recycling Industries' Days Payable compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Divyadhan Recycling Industries ranks #819 out of 1026 companies for Days Payable. This places Divyadhan Recycling Industries in the lower half of its industry. The industry median Days Payable is 53.04. Divyadhan Recycling Industries' value of 24.92 is 53% below this benchmark. Historically, Divyadhan Recycling Industries' own Days Payable has ranged from 17.10 to 27.35 over the past decade. While the company's 10-year median is 23.62 vs. the industry median of 53.04, Divyadhan Recycling Industries 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 53.04, based on 1,026 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. Divyadhan Recycling Industries's current Days Payable of 24.92 is 53% 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 Divyadhan Recycling Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 53.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Divyadhan Recycling Industries's current Days Payable is 24.92, which is near median its own 10-year median of 23.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Divyadhan Recycling Industries stock overvalued right now?
Divyadhan Recycling Industries (NSE:DIVYADHAN) has a current Days Payable of 24.92. The current Days Payable is 24.92, which is near median its 10-year median of 23.62 and 53% below the Manufacturing - Apparel & Accessories industry median of 53.04. Divyadhan Recycling Industries' overall GF Score™ is 17/100 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 Divyadhan Recycling Industries (NSE:DIVYADHAN), the current Days Payable is 24.92 as of Mar. 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.

Divyadhan Recycling Industries Business Description

Address Saki Vihar Road, 1803, Lodha Supremus, Opposite Telephone Exchange, Powai, Mumbai, MH, IND, 400072
Divyadhan Recycling Industries Ltd is in the business of manufacturing of Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets. The recycled fibre and pellets are produced from post-consumer PET bottles also known as Polyethylene Terephthalate bottles. The company produces hollow and solid recycled polyester staple fibre, which has good resilience properties and makes premium pillows, cushions, and quilts. The recycled fibre is supplied to various industries such as Packaging, home furnishing and Textiles.
17GF Score

Get the complete analysis for NSE:DIVYADHAN

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

₹41.90
Price