Harsha Engineers International (NSE:HARSHA) Days Payable: 68.10 (As of Mar. 2026) — Near Median


NSE:HARSHA Harsha Engineers International Ltd NSE:HARSHA
86 GF Score
Price ₹417.55
GF Value ₹498.44
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Harsha Engineers International Days Payable?

Harsha Engineers International NSE:HARSHA +0.46% 86 Days Payable is 68.10 as of Mar. 2026, which is 7% above its 10-year median of 63.49. GuruFocus rates NSE:HARSHA with a GF Score™ of 86/100 and a GF Value™ of ₹498.44 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,991 Industrial Products companies, Harsha Engineers International ranks worse than 56.57% on this metric.

Harsha Engineers International's average Accounts Payable for the three months ended in Mar. 2026 was ₹1,927 Mil. Harsha Engineers International's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹2,582 Mil. Hence, Harsha Engineers International's Days Payable for the three months ended in Mar. 2026 was 68.10.

The historical rank and industry rank for Harsha Engineers International's Days Payable or its related term are showing as below:

NSE:HARSHA' s Days Payable Range Over the Past 10 Years
Min: 50.42   Med: 63.49   Max: 81.84
Current: 66.86

During the past 7 years, Harsha Engineers International's highest Days Payable was 81.84. The lowest was 50.42. And the median was 63.49.

NSE:HARSHA's Days Payable is ranked worse than
56.57% of 2991 companies
in the Industrial Products industry
Industry Median: 78.08 vs NSE:HARSHA: 66.86

Harsha Engineers International's Days Payable declined from Mar. 2025 (70.78) to Mar. 2026 (68.10). It may suggest that Harsha Engineers International accelerated paying its suppliers.


Harsha Engineers International Days Payable Historical Data

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The historical data trend for Harsha Engineers International'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.

Harsha Engineers International Days Payable Chart

Harsha Engineers International Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial 62.84 74.77 50.42 60.58 63.49

Harsha Engineers International Quarterly Data
Mar21 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 70.78 76.46 55.47 50.76 68.10

NSE:HARSHA vs SNA, RBC, LECO: Days Payable Comparison

For the Tools & Accessories subindustry, Harsha Engineers International'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.


Harsha Engineers International Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harsha Engineers International's Days Payable distribution charts can be found below:

* The bar in red indicates where Harsha Engineers International's Days Payable falls into.


NSE:HARSHA
86GF Score
Harsha Engineers International Ltd NSE:HARSHA
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Harsha Engineers International 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.

Harsha Engineers International'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
=( (1565.2 + 1926.6) / 2 ) / 10037.3*365
=1745.9 / 10037.3*365
=63.49

Harsha Engineers International'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 + 1926.6) / 1 ) / 2581.7*365 / 4
=1926.6 / 2581.7*365 / 4
=68.10

* 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 68.10 mean?
Harsha Engineers International (NSE:HARSHA) has a Days Payable of 68.10 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 Harsha Engineers International and its competitors. This is near median its historical median of 63.49. Over the past decade, Harsha Engineers International's Days Payable has ranged from 50.42 to 81.84. According to the industry distribution chart, Harsha Engineers International ranks #1692 out of 2991 companies in the Industrial Products industry, placing it in the top 56.6%.
Is Harsha Engineers International's Days Payable too high?
Harsha Engineers International's current Days Payable of 68.10 is near median its 10-year median of 63.49. Over the past 10 years, this metric has ranged from a low of 50.42 to a high of 81.84. The Industrial Products industry median Days Payable is 78.08. Harsha Engineers International's value of 68.10 is 12.8% below this industry median. Based on the distribution chart, Harsha Engineers International ranks #1692 out of 2991 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Harsha Engineers International has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harsha Engineers International's Days Payable compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Harsha Engineers International ranks #1692 out of 2991 companies for Days Payable. This places Harsha Engineers International in the lower half of its industry. The industry median Days Payable is 78.08. Harsha Engineers International's value of 68.10 is 12.8% below this benchmark. Historically, Harsha Engineers International's own Days Payable has ranged from 50.42 to 81.84 over the past decade. While the company's 10-year median is 63.49 vs. the industry median of 78.08, Harsha Engineers International 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 78.08, based on 2,991 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. Harsha Engineers International's current Days Payable of 68.10 is 12.8% 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 Harsha Engineers International and its competitors. For the Industrial Products industry, the median Days Payable is 78.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harsha Engineers International's current Days Payable is 68.10, which is near median its own 10-year median of 63.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harsha Engineers International stock overvalued right now?
Based on GuruFocus' analysis, Harsha Engineers International (NSE:HARSHA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹498.44, compared to a current price of ₹417.55 — trading 16.2% below its estimated fair value. The current Days Payable is 68.10, which is near median its 10-year median of 63.49 and 12.8% below the Industrial Products industry median of 78.08. Harsha Engineers International's overall GF Score™ is 86/100 with 5 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 Harsha Engineers International (NSE:HARSHA), the current Days Payable is 68.10 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 Harsha Engineers International (NSE:HARSHA) Overvalued in 2026?

Based on GuruFocus' analysis, Harsha Engineers International stock appears to be undervalued. The current stock price of ₹417.55 is trading 16.2% below its estimated GF Value™ of ₹498.44. GuruFocus considers Harsha Engineers International to be Modestly Undervalued.

Key valuation signals for NSE:HARSHA:

  • Days Payable: 68.10 (near median its 10-year median of 63.49)
  • GF Value™: ₹498.44 vs. price of ₹417.55 (16.2% below fair value)
  • GF Score™: 86/100 with 5 warning signs
  • Industry Position: 12.8% below the Industrial Products median (#1692 of 2991)

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


Harsha Engineers International Business Description

Other Exchanges 543600:India
Address NH-8A,Sarkhej-Bavla Highway, Changodar, Ahmedabad, GJ, IND, 382213
Harsha Engineers International Ltd is a manufacturer of precision bearing cages. The company supplies its products to customers covering five continents such as North America, Europe, Asia, South America, and Africa. It comprises two segments: Engineering business, under which the company manufactures bearing cages (in brass, steel, and polyamide materials), complex and specialized precision stamped components, welded assemblies and brass castings and cages & bronze bushings: and Solar EPC business, under which the company provide complete comprehensive turnkey solutions to all solar photovoltaic requirements and provides operations and maintenance services in the solar sector.
86GF Score

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

₹417.55
Price
₹498.44
GF Value