Grand Foundry (NSE:GFSTEELS) Days Payable: 116.06 (As of Mar. 2026) — 79% Below Median


NSE:GFSTEELS Grand Foundry Ltd NSE:GFSTEELS
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What is Grand Foundry Days Payable?

Grand Foundry NSE:GFSTEELS 15 Days Payable is 116.06 as of Mar. 2026, which is 79% below its 10-year median of 551.09. GuruFocus rates NSE:GFSTEELS with a GF Score™ of 15/100. The stock has 4 warning signs investors should review. Among 597 Steel companies, Grand Foundry ranks better than 95.81% on this metric.

Grand Foundry's average Accounts Payable for the three months ended in Mar. 2026 was ₹116.4 Mil. Grand Foundry's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹91.5 Mil. Hence, Grand Foundry's Days Payable for the three months ended in Mar. 2026 was 116.06.

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

NSE:GFSTEELS' s Days Payable Range Over the Past 10 Years
Min: 73.44   Med: 551.09   Max: 4548.11
Current: 232.4

During the past 13 years, Grand Foundry's highest Days Payable was 4548.11. The lowest was 73.44. And the median was 551.09.

NSE:GFSTEELS's Days Payable is ranked better than
95.81% of 597 companies
in the Steel industry
Industry Median: 41.39 vs NSE:GFSTEELS: 232.40

Grand Foundry's Days Payable increased from Mar. 2025 (0.00) to Mar. 2026 (116.06). It may suggest that Grand Foundry delayed paying its suppliers.


Grand Foundry Days Payable Historical Data

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The historical data trend for Grand Foundry'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.

Grand Foundry Days Payable Chart

Grand Foundry 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 0.00 4,548.11 2,056.17 0.00 232.40

Grand Foundry 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 0.00 0.00 0.00 0.00 116.06

NSE:GFSTEELS vs NUE, STLD, RS: Days Payable Comparison

For the Steel subindustry, Grand Foundry'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.


Grand Foundry Days Payable vs Steel Industry

For the Steel industry and Basic Materials sector, Grand Foundry's Days Payable distribution charts can be found below:

* The bar in red indicates where Grand Foundry's Days Payable falls into.


NSE:GFSTEELS
15GF Score
Grand Foundry Ltd NSE:GFSTEELS
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Grand Foundry 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.

Grand Foundry'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
=( (0.143 + 116.437) / 2 ) / 91.547*365
=58.29 / 91.547*365
=232.40

Grand Foundry'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 + 116.437) / 1 ) / 91.547*365 / 4
=116.437 / 91.547*365 / 4
=116.06

* 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 116.06 mean?
Grand Foundry (NSE:GFSTEELS) has a Days Payable of 116.06 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 Grand Foundry and its competitors. This is 79% below median its historical median of 551.09. Over the past decade, Grand Foundry's Days Payable has ranged from 73.44 to 4,548.11. According to the industry distribution chart, Grand Foundry ranks #25 out of 597 companies in the Steel industry, placing it in the top 4.2%.
Is Grand Foundry's Days Payable too high?
Grand Foundry's current Days Payable of 116.06 is 79% below median its 10-year median of 551.09. Over the past 10 years, this metric has ranged from a low of 73.44 to a high of 4,548.11. The Steel industry median Days Payable is 41.39. Grand Foundry's value of 116.06 is 180.4% above this industry median. Based on the distribution chart, Grand Foundry ranks #25 out of 597 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Grand Foundry has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Grand Foundry's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Grand Foundry ranks #25 out of 597 companies for Days Payable. This places Grand Foundry in the top 4% of its industry — outperforming the majority of peers. The industry median Days Payable is 41.39. Grand Foundry's value of 116.06 is 180.4% above this benchmark. Historically, Grand Foundry's own Days Payable has ranged from 73.44 to 4,548.11 over the past decade. While the company's 10-year median is 551.09 vs. the industry median of 41.39, Grand Foundry 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 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. Grand Foundry's current Days Payable of 116.06 is 180.4% 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 Grand Foundry 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. Grand Foundry's current Days Payable is 116.06, which is 79% below median its own 10-year median of 551.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grand Foundry stock overvalued right now?
Grand Foundry (NSE:GFSTEELS) has a current Days Payable of 116.06. The current Days Payable is 116.06, which is 79% below median its 10-year median of 551.09 and 180.4% above the Steel industry median of 41.39. Grand Foundry's overall GF Score™ is 15/100 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 Grand Foundry (NSE:GFSTEELS), the current Days Payable is 116.06 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.

Grand Foundry Business Description

Other Exchanges 513343:India
Address Sanjay Appa Chambers, 302, Cabin No.1, Plot No. 82 Behind Charat Singh Colony, Chakala Midc, Andheri East, Mumbai, MH, IND, 400093
Grand Foundry Ltd is engaged in the manufacturing of bright steel bars and wires. The company offers various heat treatment processes and supplies commercial lots of heat-treated bars to specific standards in the international market American, and German standards. Its products are utilized for various applications in the engineering industries, including petrochemical, oil and natural gas, and automotive industries.
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