Indian Emulsifiers (NSE:IEML) Days Payable: 51.64 (As of Mar. 2026) — 45% Above Median


NSE:IEML Indian Emulsifiers Ltd NSE:IEML
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What is Indian Emulsifiers Days Payable?

Indian Emulsifiers NSE:IEML +0.95% 29 Days Payable is 51.64 as of Mar. 2026, which is 45% above its 10-year median of 35.62. GuruFocus rates NSE:IEML with a GF Score™ of 29/100. The stock has 6 warning signs investors should review. Among 1,552 Chemicals companies, Indian Emulsifiers ranks worse than 66.56% on this metric.

Indian Emulsifiers's average Accounts Payable for the six months ended in Mar. 2026 was ₹185 Mil. Indian Emulsifiers's Cost of Goods Sold for the six months ended in Mar. 2026 was ₹655 Mil. Hence, Indian Emulsifiers's Days Payable for the six months ended in Mar. 2026 was 51.64.

The historical rank and industry rank for Indian Emulsifiers's Days Payable or its related term are showing as below:

NSE:IEML' s Days Payable Range Over the Past 10 Years
Min: 0.07   Med: 35.62   Max: 48.79
Current: 43.24

During the past 6 years, Indian Emulsifiers's highest Days Payable was 48.79. The lowest was 0.07. And the median was 35.62.

NSE:IEML's Days Payable is ranked worse than
66.56% of 1552 companies
in the Chemicals industry
Industry Median: 59.645 vs NSE:IEML: 43.24

Indian Emulsifiers's Days Payable increased from Mar. 2025 (33.15) to Mar. 2026 (51.64). It may suggest that Indian Emulsifiers delayed paying its suppliers.


Indian Emulsifiers Days Payable Historical Data

* Premium members only.

The historical data trend for Indian Emulsifiers'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.

Indian Emulsifiers Days Payable Chart

Indian Emulsifiers Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial 0.07 5.14 35.62 38.94 48.79

Indian Emulsifiers Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only 69.46 43.51 33.15 27.59 51.64

NSE:IEML vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Indian Emulsifiers'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.


Indian Emulsifiers Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Indian Emulsifiers's Days Payable distribution charts can be found below:

* The bar in red indicates where Indian Emulsifiers's Days Payable falls into.


NSE:IEML
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Indian Emulsifiers Ltd NSE:IEML
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Indian Emulsifiers 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.

Indian Emulsifiers'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
=( (64.089 + 262.788) / 2 ) / 1222.645*365
=163.4385 / 1222.645*365
=48.79

Indian Emulsifiers'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: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (107.681 + 262.788) / 2 ) / 654.612*365 / 2
=185.2345 / 654.612*365 / 2
=51.64

* 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 51.64 mean?
Indian Emulsifiers (NSE:IEML) has a Days Payable of 51.64 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 Indian Emulsifiers and its competitors. This is 45% above median its historical median of 35.62. Over the past decade, Indian Emulsifiers' Days Payable has ranged from 0.07 to 48.79. According to the industry distribution chart, Indian Emulsifiers ranks #1033 out of 1552 companies in the Chemicals industry, placing it in the top 66.6%.
Is Indian Emulsifiers' Days Payable too high?
Indian Emulsifiers' current Days Payable of 51.64 is 45% above median its 10-year median of 35.62. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 48.79. The Chemicals industry median Days Payable is 59.65. Indian Emulsifiers' value of 51.64 is 13.4% below this industry median. Based on the distribution chart, Indian Emulsifiers ranks #1033 out of 1552 companies in the Chemicals industry, which is below the industry midpoint. Overall, Indian Emulsifiers has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Indian Emulsifiers' Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Indian Emulsifiers ranks #1033 out of 1552 companies for Days Payable. This places Indian Emulsifiers in the lower half of its industry. The industry median Days Payable is 59.65. Indian Emulsifiers' value of 51.64 is 13.4% below this benchmark. Historically, Indian Emulsifiers' own Days Payable has ranged from 0.07 to 48.79 over the past decade. While the company's 10-year median is 35.62 vs. the industry median of 59.65, Indian Emulsifiers 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.65, based on 1,552 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. Indian Emulsifiers's current Days Payable of 51.64 is 13.4% 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 Indian Emulsifiers and its competitors. For the Chemicals industry, the median Days Payable is 59.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Emulsifiers's current Days Payable is 51.64, which is 45% above median its own 10-year median of 35.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Emulsifiers stock overvalued right now?
Indian Emulsifiers (NSE:IEML) has a current Days Payable of 51.64. The current Days Payable is 51.64, which is 45% above median its 10-year median of 35.62 and 13.4% below the Chemicals industry median of 59.65. Indian Emulsifiers' overall GF Score™ is 29/100 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 Indian Emulsifiers (NSE:IEML), the current Days Payable is 51.64 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.

Indian Emulsifiers Business Description

Address Shivram Seth Amrutwar Road, Off Pandurang Budhwar Marg, Shop 206, Foor-2, Sumer Kendra, Near Doordarshan Kendra, Worli, Mumbai, MH, IND, 400018
Indian Emulsifiers Ltd is engaged in Manufacturing and Supplying of Specialty Chemicals. Its product include Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, SMO & PIBSA Emulsifiers. The company serves specialty chemicals to wide range of industries such as Mining, Textile, Cleaning Industry, Metal Working, Lubricants, Food and Other Industries.
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