Happy ForgingsNSE:HAPPYFORGE -2.79%54 Days Payable is 31.48 as of Mar. 2026, which is 15% above its 10-year median of 27.49. GuruFocus rates NSE:HAPPYFORGE with a GF Score™ of 54/100. The stock has 6 warning signs investors should review. Among 2,987 Industrial Products companies, Happy Forgings ranks worse than 88.65% on this metric.
The historical rank and industry rank for Happy Forgings's Days Payable or its related term are showing as below:
NSE:HAPPYFORGE'
s Days Payable Range Over the Past 10 Years
Min: 26.08 Med: 27.49 Max: 47.85
Current: 28.34
During the past 6 years, Happy Forgings's highest Days Payable was 47.85. The lowest was 26.08. And the median was 27.49.
NSE:HAPPYFORGE's Days Payable is ranked worse than 88.65% of 2987
companies
in the Industrial Products industry
Industry Median: 78.05
vs NSE:HAPPYFORGE: 28.34
Happy Forgings's Days Payable
increased
from Mar. 2025 (28.44) to Mar. 2026 (31.48).
It may suggest that Happy Forgingsdelayed paying its suppliers.
Happy Forgings Days Payable Related Terms
Happy Forgings Days Payable Historical Data
* Premium members only.
The historical data trend for Happy Forgings'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:HAPPYFORGE vs CRS, ATI, MLI: Days Payable Comparison
For the Metal Fabrication subindustry, Happy Forgings'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.
Happy Forgings Days Payable vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Happy Forgings's Days Payable distribution charts can be found below:
* The bar in red indicates where Happy Forgings'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.
Happy Forgings's Days Payable for the fiscal year that ended in Mar. 2026 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.
Happy Forgings (NSE:HAPPYFORGE) has a Days Payable of 31.48 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 Happy Forgings and its competitors. This is 15% above median its historical median of 27.49. Over the past decade, Happy Forgings' Days Payable has ranged from 26.08 to 47.85. According to the industry distribution chart, Happy Forgings ranks #2648 out of 2987 companies in the Industrial Products industry, placing it in the top 88.7%.
Is Happy Forgings' Days Payable too high?
Happy Forgings' current Days Payable of 31.48 is 15% above median its 10-year median of 27.49. Over the past 10 years, this metric has ranged from a low of 26.08 to a high of 47.85. The Industrial Products industry median Days Payable is 78.05. Happy Forgings' value of 31.48 is 59.7% below this industry median. Based on the distribution chart, Happy Forgings ranks #2648 out of 2987 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Happy Forgings has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Happy Forgings' Days Payable compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Happy Forgings ranks #2648 out of 2987 companies for Days Payable. This places Happy Forgings in the lower half of its industry. The industry median Days Payable is 78.05. Happy Forgings' value of 31.48 is 59.7% below this benchmark. Historically, Happy Forgings' own Days Payable has ranged from 26.08 to 47.85 over the past decade. While the company's 10-year median is 27.49 vs. the industry median of 78.05, Happy Forgings 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 Industrial Products company?
The median Days Payable among Industrial Products companies is 78.05, based on 2,987 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. Happy Forgings's current Days Payable of 31.48 is 59.7% 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 Happy Forgings and its competitors. For the Industrial Products industry, the median Days Payable is 78.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Forgings's current Days Payable is 31.48, which is 15% above median its own 10-year median of 27.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happy Forgings stock overvalued right now?
Happy Forgings (NSE:HAPPYFORGE) has a current Days Payable of 31.48. The current Days Payable is 31.48, which is 15% above median its 10-year median of 27.49 and 59.7% below the Industrial Products industry median of 78.05. Happy Forgings' overall GF Score™ is 54/100 with 6 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 Happy Forgings (NSE:HAPPYFORGE), the current Days Payable is 31.48 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.
Happy Forgings Ltd is a manufacturer specializing in designing and manufacturing heavy forgings and high-precision machined components. The company manufactures, designs, and tests various products such as crankshafts, front axle carriers, steering knuckles, differential housings, transmission parts, pinion shafts, suspension products, and valve bodies for different industries and customers. The Company business comprises only the Forging segment where the company sells forged products comprising of forgings and machined components for the automotive and industrial sectors. The company generates the majority of its revenue within India.
54GF Score
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