Gretex IndustriesNSE:GRETEX 64 Days Payable is 32.88 as of Mar. 2025, which is 20% above its 10-year median of 27.45. GuruFocus rates NSE:GRETEX with a GF Score™ of 64/100 and a GF Value™ of ₹21.56 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 781 Travel & Leisure companies, Gretex Industries ranks worse than 69.91% on this metric.
The historical rank and industry rank for Gretex Industries's Days Payable or its related term are showing as below:
NSE:GRETEX'
s Days Payable Range Over the Past 10 Years
Min: 9.04 Med: 27.45 Max: 67.61
Current: 32.88
During the past 10 years, Gretex Industries's highest Days Payable was 67.61. The lowest was 9.04. And the median was 27.45.
NSE:GRETEX's Days Payable is ranked worse than 69.91% of 781
companies
in the Travel & Leisure industry
Industry Median: 56.99
vs NSE:GRETEX: 32.88
Gretex Industries's Days Payable
increased
from Mar. 2023 (9.04) to Mar. 2025 (32.88).
It may suggest that Gretex Industriesdelayed paying its suppliers.
Gretex Industries Days Payable Related Terms
Gretex Industries Days Payable Historical Data
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The historical data trend for Gretex 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.
NSE:GRETEX vs AS, HAS, LTH: Days Payable Comparison
For the Leisure subindustry, Gretex 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.
Gretex Industries Days Payable vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Gretex Industries's Days Payable distribution charts can be found below:
* The bar in red indicates where Gretex Industries'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.
Gretex Industries's Days Payable for the fiscal year that ended in Mar. 2025 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.
Gretex Industries (NSE:GRETEX) has a Days Payable of 32.88 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 Gretex Industries and its competitors. This is 20% above median its historical median of 27.45. Over the past decade, Gretex Industries' Days Payable has ranged from 9.04 to 67.61. According to the industry distribution chart, Gretex Industries ranks #546 out of 781 companies in the Travel & Leisure industry, placing it in the top 69.9%.
Is Gretex Industries' Days Payable too high?
Gretex Industries' current Days Payable of 32.88 is 20% above median its 10-year median of 27.45. Over the past 10 years, this metric has ranged from a low of 9.04 to a high of 67.61. The Travel & Leisure industry median Days Payable is 56.99. Gretex Industries' value of 32.88 is 42.3% below this industry median. Based on the distribution chart, Gretex Industries ranks #546 out of 781 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Gretex Industries has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gretex Industries' Days Payable compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Gretex Industries ranks #546 out of 781 companies for Days Payable. This places Gretex Industries in the lower half of its industry. The industry median Days Payable is 56.99. Gretex Industries' value of 32.88 is 42.3% below this benchmark. Historically, Gretex Industries' own Days Payable has ranged from 9.04 to 67.61 over the past decade. While the company's 10-year median is 27.45 vs. the industry median of 56.99, Gretex 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 Travel & Leisure company?
The median Days Payable among Travel & Leisure companies is 56.99, based on 781 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. Gretex Industries's current Days Payable of 32.88 is 42.3% 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 Gretex Industries and its competitors. For the Travel & Leisure industry, the median Days Payable is 56.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gretex Industries's current Days Payable is 32.88, which is 20% above median its own 10-year median of 27.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gretex Industries stock overvalued right now?
Based on GuruFocus' analysis, Gretex Industries (NSE:GRETEX) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹21.56, compared to a current price of ₹285.00 — trading 1221.9% above its estimated fair value. The current Days Payable is 32.88, which is 20% above median its 10-year median of 27.45 and 42.3% below the Travel & Leisure industry median of 56.99. Gretex Industries' overall GF Score™ is 64/100 with 9 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 Gretex Industries (NSE:GRETEX), the current Days Payable is 32.88 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.
Is Gretex Industries (NSE:GRETEX) Overvalued in 2026?
Based on GuruFocus' analysis, Gretex Industries stock appears to be overvalued.
The current stock price of ₹285.00 is trading 1221.9% above its estimated GF Value™ of ₹21.56.
GuruFocus considers Gretex Industries to be Significantly Overvalued.
Key valuation signals for NSE:GRETEX:
Days Payable: 32.88 (20% above median its 10-year median of 27.45)
GF Value™: ₹21.56 vs. price of ₹285.00 (1221.9% above fair value)
Industry Position: 42.3% below the Travel & Leisure median (#546 of 781)
No single metric tells the full story. See the NSE:GRETEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gretex Industries Ltd is engaged in the trading of musical instruments. The company's range of musical instruments includes; guitars, electronic keyboards, Harmoniums, violins, drums, Music stands, mats, sound systems and other percussion instruments. It also deals in equipment like microphones, headphones, amplifiers, studio monitor speakers, loudspeakers, mixers, and all types of accessories for pro audio and recording. The company is a distributor of brands like Yamaha, Daddario, Duralin, and among others.
64GF Score
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