Garden Reach Shipbuilders & Engineers (NSE:GRSE) Days Payable: 116.68 (As of Dec. 2025) — 37% Below Median


NSE:GRSE Garden Reach Shipbuilders & Engineers Ltd NSE:GRSE
91 GF Score
Price ₹2,662.00
GF Value ₹2,708.07
Valuation Fairly Valued
! 3 Warning Signs
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What is Garden Reach Shipbuilders & Engineers Days Payable?

Garden Reach Shipbuilders & Engineers NSE:GRSE +1.32% 91 Days Payable is 116.68 as of Dec. 2025, which is 37% below its 10-year median of 184.60. GuruFocus rates NSE:GRSE with a GF Score™ of 91/100 and a GF Value™ of ₹2,708.07 (Fairly Valued). The stock has 3 warning signs investors should review. Among 337 Aerospace & Defense companies, Garden Reach Shipbuilders & Engineers ranks better than 66.17% on this metric.

Garden Reach Shipbuilders & Engineers's average Accounts Payable for the three months ended in Dec. 2025 was ₹19,665 Mil. Garden Reach Shipbuilders & Engineers's Cost of Goods Sold for the three months ended in Dec. 2025 was ₹15,380 Mil. Hence, Garden Reach Shipbuilders & Engineers's Days Payable for the three months ended in Dec. 2025 was 116.68.

The historical rank and industry rank for Garden Reach Shipbuilders & Engineers's Days Payable or its related term are showing as below:

NSE:GRSE' s Days Payable Range Over the Past 10 Years
Min: 97.32   Med: 184.6   Max: 395.78
Current: 101.04

During the past 13 years, Garden Reach Shipbuilders & Engineers's highest Days Payable was 395.78. The lowest was 97.32. And the median was 184.60.

NSE:GRSE's Days Payable is ranked better than
66.17% of 337 companies
in the Aerospace & Defense industry
Industry Median: 64.7 vs NSE:GRSE: 101.04

Garden Reach Shipbuilders & Engineers's Days Payable increased from Dec. 2024 (89.66) to Dec. 2025 (116.68). It may suggest that Garden Reach Shipbuilders & Engineers delayed paying its suppliers.


Garden Reach Shipbuilders & Engineers Days Payable Related Terms


Garden Reach Shipbuilders & Engineers Days Payable Historical Data

* Premium members only.

The historical data trend for Garden Reach Shipbuilders & Engineers'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.

Garden Reach Shipbuilders & Engineers Days Payable Chart

Garden Reach Shipbuilders & Engineers Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 395.78 181.76 149.86 142.32 97.32

Garden Reach Shipbuilders & Engineers Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 89.66 84.86 106.68 147.89 116.68

NSE:GRSE vs SPCX, GE, RTX: Days Payable Comparison

For the Aerospace & Defense subindustry, Garden Reach Shipbuilders & Engineers'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.


Garden Reach Shipbuilders & Engineers Days Payable vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Garden Reach Shipbuilders & Engineers's Days Payable distribution charts can be found below:

* The bar in red indicates where Garden Reach Shipbuilders & Engineers's Days Payable falls into.


NSE:GRSE
91GF Score
Garden Reach Shipbuilders & Engineers Ltd NSE:GRSE
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Garden Reach Shipbuilders & Engineers 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.

Garden Reach Shipbuilders & Engineers'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
=( (9924.201 + 11514.079) / 2 ) / 40203.894*365
=10719.14 / 40203.894*365
=97.32

Garden Reach Shipbuilders & Engineers's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (19665.02 + 0) / 1 ) / 15379.691*365 / 4
=19665.02 / 15379.691*365 / 4
=116.68

* 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 116.68 mean?
Garden Reach Shipbuilders & Engineers (NSE:GRSE) has a Days Payable of 116.68 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Garden Reach Shipbuilders & Engineers and its competitors. This is 37% below median its historical median of 184.60. Over the past decade, Garden Reach Shipbuilders & Engineers' Days Payable has ranged from 97.32 to 395.78. According to the industry distribution chart, Garden Reach Shipbuilders & Engineers ranks #114 out of 337 companies in the Aerospace & Defense industry, placing it in the top 33.8%.
Is Garden Reach Shipbuilders & Engineers' Days Payable too high?
Garden Reach Shipbuilders & Engineers' current Days Payable of 116.68 is 37% below median its 10-year median of 184.60. Over the past 10 years, this metric has ranged from a low of 97.32 to a high of 395.78. The Aerospace & Defense industry median Days Payable is 64.70. Garden Reach Shipbuilders & Engineers' value of 116.68 is 80.3% above this industry median. Based on the distribution chart, Garden Reach Shipbuilders & Engineers ranks #114 out of 337 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Garden Reach Shipbuilders & Engineers has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Garden Reach Shipbuilders & Engineers' Days Payable compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Garden Reach Shipbuilders & Engineers ranks #114 out of 337 companies for Days Payable. This puts Garden Reach Shipbuilders & Engineers in the upper half of its industry. The industry median Days Payable is 64.70. Garden Reach Shipbuilders & Engineers' value of 116.68 is 80.3% above this benchmark. Historically, Garden Reach Shipbuilders & Engineers' own Days Payable has ranged from 97.32 to 395.78 over the past decade. While the company's 10-year median is 184.60 vs. the industry median of 64.70, Garden Reach Shipbuilders & Engineers 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 an Aerospace & Defense company?
The median Days Payable among Aerospace & Defense companies is 64.70, based on 337 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. Garden Reach Shipbuilders & Engineers's current Days Payable of 116.68 is 80.3% 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 Garden Reach Shipbuilders & Engineers and its competitors. For the Aerospace & Defense industry, the median Days Payable is 64.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garden Reach Shipbuilders & Engineers's current Days Payable is 116.68, which is 37% below median its own 10-year median of 184.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garden Reach Shipbuilders & Engineers stock overvalued right now?
Based on GuruFocus' analysis, Garden Reach Shipbuilders & Engineers (NSE:GRSE) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,708.07, compared to a current price of ₹2,662.00 — trading 1.7% below its estimated fair value. The current Days Payable is 116.68, which is 37% below median its 10-year median of 184.60 and 80.3% above the Aerospace & Defense industry median of 64.70. Garden Reach Shipbuilders & Engineers' overall GF Score™ is 91/100 with 3 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 Garden Reach Shipbuilders & Engineers (NSE:GRSE), the current Days Payable is 116.68 as of Dec. 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 Garden Reach Shipbuilders & Engineers (NSE:GRSE) Overvalued in 2026?

Based on GuruFocus' analysis, Garden Reach Shipbuilders & Engineers stock appears to be undervalued. The current stock price of ₹2,662.00 is trading 1.7% below its estimated GF Value™ of ₹2,708.07. GuruFocus considers Garden Reach Shipbuilders & Engineers to be Fairly Valued.

Key valuation signals for NSE:GRSE:

  • Days Payable: 116.68 (37% below median its 10-year median of 184.60)
  • GF Value™: ₹2,708.07 vs. price of ₹2,662.00 (1.7% below fair value)
  • GF Score™: 91/100 with 3 warning signs
  • Industry Position: 80.3% above the Aerospace & Defense median (#114 of 337)

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


Garden Reach Shipbuilders & Engineers Business Description

Other Exchanges 542011:India
Address 61, Garden Reach Road, GRSE Bhavan, Kolkata, WB, IND, 700024
Garden Reach Shipbuilders & Engineers Ltd is an Indian shipbuilding company mainly engaged in the construction of warships. The company's product portfolio ranges from complex naval warships to weapon systems, encompassing commercial vessels, deck machinery, marine diesel engines, naval surface guns, and Bailey-type portable steel bridges. Additionally, it offers ship repair and maintenance services.
91GF Score

Get the complete analysis for NSE:GRSE

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

₹2,662.00
Price
₹2,708.07
GF Value