Hi-Tech PipesNSE:HITECH +4.01%89 Days Payable is 23.97 as of Mar. 2026, which is 14% above its 10-year median of 20.94. GuruFocus rates NSE:HITECH with a GF Score™ of 89/100 and a GF Value™ of ₹128.39 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 597 Steel companies, Hi-Tech Pipes ranks worse than 67.5% on this metric.
The historical rank and industry rank for Hi-Tech Pipes's Days Payable or its related term are showing as below:
NSE:HITECH'
s Days Payable Range Over the Past 10 Years
Min: 13.84 Med: 20.94 Max: 30.8
Current: 28.14
During the past 12 years, Hi-Tech Pipes's highest Days Payable was 30.80. The lowest was 13.84. And the median was 20.94.
NSE:HITECH's Days Payable is ranked worse than 67.5% of 597
companies
in the Steel industry
Industry Median: 41.39
vs NSE:HITECH: 28.14
Hi-Tech Pipes's Days Payable
increased
from Mar. 2025 (22.96) to Mar. 2026 (23.97).
It may suggest that Hi-Tech Pipesdelayed paying its suppliers.
Hi-Tech Pipes Days Payable Related Terms
Hi-Tech Pipes Days Payable Historical Data
* Premium members only.
The historical data trend for Hi-Tech Pipes'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:HITECH vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, Hi-Tech Pipes'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.
Hi-Tech Pipes Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Hi-Tech Pipes's Days Payable distribution charts can be found below:
* The bar in red indicates where Hi-Tech Pipes'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.
Hi-Tech Pipes'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.
Hi-Tech Pipes (NSE:HITECH) has a Days Payable of 23.97 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 Hi-Tech Pipes and its competitors. This is 14% above median its historical median of 20.94. Over the past decade, Hi-Tech Pipes' Days Payable has ranged from 13.84 to 30.80. According to the industry distribution chart, Hi-Tech Pipes ranks #403 out of 597 companies in the Steel industry, placing it in the top 67.5%.
Is Hi-Tech Pipes' Days Payable too high?
Hi-Tech Pipes' current Days Payable of 23.97 is 14% above median its 10-year median of 20.94. Over the past 10 years, this metric has ranged from a low of 13.84 to a high of 30.80. The Steel industry median Days Payable is 41.39. Hi-Tech Pipes' value of 23.97 is 42.1% below this industry median. Based on the distribution chart, Hi-Tech Pipes ranks #403 out of 597 companies in the Steel industry, which is below the industry midpoint. Overall, Hi-Tech Pipes has a GF Score™ of 89/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hi-Tech Pipes' Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Hi-Tech Pipes ranks #403 out of 597 companies for Days Payable. This places Hi-Tech Pipes in the lower half of its industry. The industry median Days Payable is 41.39. Hi-Tech Pipes' value of 23.97 is 42.1% below this benchmark. Historically, Hi-Tech Pipes' own Days Payable has ranged from 13.84 to 30.80 over the past decade. While the company's 10-year median is 20.94 vs. the industry median of 41.39, Hi-Tech Pipes 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 Steel company?
The median Days Payable among Steel companies is 41.39, based on 597 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. Hi-Tech Pipes's current Days Payable of 23.97 is 42.1% 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 Hi-Tech Pipes and its competitors. For the Steel industry, the median Days Payable is 41.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hi-Tech Pipes's current Days Payable is 23.97, which is 14% above median its own 10-year median of 20.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hi-Tech Pipes stock overvalued right now?
Based on GuruFocus' analysis, Hi-Tech Pipes (NSE:HITECH) is currently considered Possible Value Trap. The stock's GF Value™ is ₹128.39, compared to a current price of ₹89.44 — trading 30.3% below its estimated fair value. The current Days Payable is 23.97, which is 14% above median its 10-year median of 20.94 and 42.1% below the Steel industry median of 41.39. Hi-Tech Pipes' overall GF Score™ is 89/100 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 Hi-Tech Pipes (NSE:HITECH), the current Days Payable is 23.97 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 Hi-Tech Pipes (NSE:HITECH) Overvalued in 2026?
Based on GuruFocus' analysis, Hi-Tech Pipes stock appears to be undervalued.
The current stock price of ₹89.44 is trading 30.3% below its estimated GF Value™ of ₹128.39.
GuruFocus considers Hi-Tech Pipes to be Possible Value Trap.
Key valuation signals for NSE:HITECH:
Days Payable: 23.97 (14% above median its 10-year median of 20.94)
GF Value™: ₹128.39 vs. price of ₹89.44 (30.3% below fair value)
Industry Position: 42.1% below the Steel median (#403 of 597)
No single metric tells the full story. See the NSE:HITECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hi-Tech Pipes Ltd manufactures and markets a wide range of steel tubes used in industries like infrastructure, telecom, defense, power distribution, railways, airports, construction, real estate, and automotive. Its products include Black Steel Tubes, Rectangular and Hollow sections, Galvanised Steel Tubes, Metal Beam Highway Crash Barriers, Cold Rolling Coils, Cold Formed Sections, Black Hollow Section and Round Pipes, Galvanized Pipes, Pre-Galvanized Pipes, and Cold Rolled Coils. The Indian steel pipes and tubes industry includes segments such as seamless, ERW, LSAW, HSAW, galvanized iron, ductile iron, and black steel pipes, which serve various applications ranging from high-pressure oil and gas pipelines to water supply and general engineering purposes.
89GF Score
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