Gujarat Mineral Development (NSE:GMDCLTD) Days Payable: 45.97 (As of Mar. 2026) — 11% Above Median


NSE:GMDCLTD Gujarat Mineral Development Corp Ltd NSE:GMDCLTD
64 GF Score
Price ₹597.00
GF Value ₹372.56
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Gujarat Mineral Development Days Payable?

Gujarat Mineral Development NSE:GMDCLTD -0.73% 64 Days Payable is 45.97 as of Mar. 2026, which is 11% above its 10-year median of 41.23. GuruFocus rates NSE:GMDCLTD with a GF Score™ of 64/100 and a GF Value™ of ₹372.56 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 128 Other Energy Sources companies, Gujarat Mineral Development ranks worse than 64.06% on this metric.

Gujarat Mineral Development's average Accounts Payable for the three months ended in Mar. 2026 was ₹2,587 Mil. Gujarat Mineral Development's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹5,136 Mil. Hence, Gujarat Mineral Development's Days Payable for the three months ended in Mar. 2026 was 45.97.

The historical rank and industry rank for Gujarat Mineral Development's Days Payable or its related term are showing as below:

NSE:GMDCLTD' s Days Payable Range Over the Past 10 Years
Min: 28.02   Med: 41.23   Max: 58.63
Current: 50.06

During the past 13 years, Gujarat Mineral Development's highest Days Payable was 58.63. The lowest was 28.02. And the median was 41.23.

NSE:GMDCLTD's Days Payable is ranked worse than
64.06% of 128 companies
in the Other Energy Sources industry
Industry Median: 67.17 vs NSE:GMDCLTD: 50.06

Gujarat Mineral Development's Days Payable increased from Mar. 2025 (39.77) to Mar. 2026 (45.97). It may suggest that Gujarat Mineral Development delayed paying its suppliers.


Gujarat Mineral Development Days Payable Historical Data

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The historical data trend for Gujarat Mineral Development'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.

Gujarat Mineral Development Days Payable Chart

Gujarat Mineral Development 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 39.58 41.18 58.63 52.53 57.48

Gujarat Mineral Development 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 39.77 47.65 48.65 43.06 45.97

Gujarat Mineral Development Days Payable Competitor Comparison

For the Thermal Coal subindustry, Gujarat Mineral Development'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.


Gujarat Mineral Development Days Payable vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Gujarat Mineral Development's Days Payable distribution charts can be found below:

* The bar in red indicates where Gujarat Mineral Development's Days Payable falls into.


NSE:GMDCLTD
64GF Score
Gujarat Mineral Development Corp Ltd NSE:GMDCLTD
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Gujarat Mineral Development 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.

Gujarat Mineral Development'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
=( (2356.6 + 2587.3) / 2 ) / 15696.5*365
=2471.95 / 15696.5*365
=57.48

Gujarat Mineral Development'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 + 2587.3) / 1 ) / 5135.6*365 / 4
=2587.3 / 5135.6*365 / 4
=45.97

* 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 45.97 mean?
Gujarat Mineral Development (NSE:GMDCLTD) has a Days Payable of 45.97 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 Gujarat Mineral Development and its competitors. This is 11% above median its historical median of 41.23. Over the past decade, Gujarat Mineral Development's Days Payable has ranged from 28.02 to 58.63. According to the industry distribution chart, Gujarat Mineral Development ranks #82 out of 128 companies in the Other Energy Sources industry, placing it in the top 64.1%.
Is Gujarat Mineral Development's Days Payable too high?
Gujarat Mineral Development's current Days Payable of 45.97 is 11% above median its 10-year median of 41.23. Over the past 10 years, this metric has ranged from a low of 28.02 to a high of 58.63. The Other Energy Sources industry median Days Payable is 67.17. Gujarat Mineral Development's value of 45.97 is 31.6% below this industry median. Based on the distribution chart, Gujarat Mineral Development ranks #82 out of 128 companies in the Other Energy Sources industry, which is below the industry midpoint. Overall, Gujarat Mineral Development has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gujarat Mineral Development's Days Payable compare to competitors?
According to the Other Energy Sources industry distribution chart, Gujarat Mineral Development ranks #82 out of 128 companies for Days Payable. This places Gujarat Mineral Development in the lower half of its industry. The industry median Days Payable is 67.17. Gujarat Mineral Development's value of 45.97 is 31.6% below this benchmark. Historically, Gujarat Mineral Development's own Days Payable has ranged from 28.02 to 58.63 over the past decade. While the company's 10-year median is 41.23 vs. the industry median of 67.17, Gujarat Mineral Development 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 Other Energy Sources company?
The median Days Payable among Other Energy Sources companies is 67.17, based on 128 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. Gujarat Mineral Development's current Days Payable of 45.97 is 31.6% 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 Gujarat Mineral Development and its competitors. For the Other Energy Sources industry, the median Days Payable is 67.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gujarat Mineral Development's current Days Payable is 45.97, which is 11% above median its own 10-year median of 41.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gujarat Mineral Development stock overvalued right now?
Based on GuruFocus' analysis, Gujarat Mineral Development (NSE:GMDCLTD) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹372.56, compared to a current price of ₹597.00 — trading 60.2% above its estimated fair value. The current Days Payable is 45.97, which is 11% above median its 10-year median of 41.23 and 31.6% below the Other Energy Sources industry median of 67.17. Gujarat Mineral Development's overall GF Score™ is 64/100 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 Gujarat Mineral Development (NSE:GMDCLTD), the current Days Payable is 45.97 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 Gujarat Mineral Development (NSE:GMDCLTD) Overvalued in 2026?

Based on GuruFocus' analysis, Gujarat Mineral Development stock appears to be overvalued. The current stock price of ₹597.00 is trading 60.2% above its estimated GF Value™ of ₹372.56. GuruFocus considers Gujarat Mineral Development to be Significantly Overvalued.

Key valuation signals for NSE:GMDCLTD:

  • Days Payable: 45.97 (11% above median its 10-year median of 41.23)
  • GF Value™: ₹372.56 vs. price of ₹597.00 (60.2% above fair value)
  • GF Score™: 64/100 with 2 warning signs
  • Industry Position: 31.6% below the Other Energy Sources median (#82 of 128)

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


Gujarat Mineral Development Business Description

Other Exchanges 532181:India
Address 132 Feet Ring Road, Khanij Bhavan, Near University Ground, Vastrapur, Ahmedabad, GJ, IND, 380 052
Gujarat Mineral Development Corp Ltd is a mineral resource mining company. Its operations include lignite mining, bauxite mining, fluorspar mining, manganese mining, and power generation. The company's segments include Mining and Power. The majority of its revenue is derived from the Mining segment which engages in the mining and sale of manganese, bauxite, limestone, silica sand, and others. Geographically, the company operates only in India.
64GF Score

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

₹597.00
Price
₹372.56
GF Value