Indogulf Cropsciences (NSE:IGCL) Days Payable: 129.33 (As of Mar. 2026) — 35% Above Median


NSE:IGCL Indogulf Cropsciences Ltd NSE:IGCL
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What is Indogulf Cropsciences Days Payable?

Indogulf Cropsciences NSE:IGCL +1.20% 16 Days Payable is 129.33 as of Mar. 2026, which is 35% above its 10-year median of 95.95. GuruFocus rates NSE:IGCL with a GF Score™ of 16/100. The stock has 4 warning signs investors should review. Among 246 Agriculture companies, Indogulf Cropsciences ranks better than 82.93% on this metric.

Indogulf Cropsciences's average Accounts Payable for the three months ended in Mar. 2026 was ₹1,279 Mil. Indogulf Cropsciences's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹902 Mil. Hence, Indogulf Cropsciences's Days Payable for the three months ended in Mar. 2026 was 129.33.

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

NSE:IGCL' s Days Payable Range Over the Past 10 Years
Min: 81.45   Med: 95.95   Max: 162.57
Current: 162.57

During the past 5 years, Indogulf Cropsciences's highest Days Payable was 162.57. The lowest was 81.45. And the median was 95.95.

NSE:IGCL's Days Payable is ranked better than
82.93% of 246 companies
in the Agriculture industry
Industry Median: 72.7 vs NSE:IGCL: 162.57

Indogulf Cropsciences's Days Payable increased from Dec. 2024 (119.24) to Mar. 2026 (129.33). It may suggest that Indogulf Cropsciences delayed paying its suppliers.


Indogulf Cropsciences Days Payable Historical Data

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The historical data trend for Indogulf Cropsciences'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.

Indogulf Cropsciences Days Payable Chart

Indogulf Cropsciences Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
102.05 81.45 88.18 96.60 95.95

Indogulf Cropsciences Quarterly Data
Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only 119.24 102.40 90.56 216.40 129.33

NSE:IGCL vs CTVA, CF, MOS: Days Payable Comparison

For the Agricultural Inputs subindustry, Indogulf Cropsciences'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.


Indogulf Cropsciences Days Payable vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Indogulf Cropsciences's Days Payable distribution charts can be found below:

* The bar in red indicates where Indogulf Cropsciences's Days Payable falls into.


NSE:IGCL
16GF Score
Indogulf Cropsciences Ltd NSE:IGCL
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Indogulf Cropsciences 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.

Indogulf Cropsciences'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
=( (0 + 1278.86) / 1 ) / 4864.88*365
=1278.86 / 4864.88*365
=95.95

Indogulf Cropsciences'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 + 1278.86) / 1 ) / 902.28*365 / 4
=1278.86 / 902.28*365 / 4
=129.33

* 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 129.33 mean?
Indogulf Cropsciences (NSE:IGCL) has a Days Payable of 129.33 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 Indogulf Cropsciences and its competitors. This is 35% above median its historical median of 95.95. Over the past decade, Indogulf Cropsciences' Days Payable has ranged from 81.45 to 162.57. According to the industry distribution chart, Indogulf Cropsciences ranks #42 out of 246 companies in the Agriculture industry, placing it in the top 17.1%.
Is Indogulf Cropsciences' Days Payable too high?
Indogulf Cropsciences' current Days Payable of 129.33 is 35% above median its 10-year median of 95.95. Over the past 10 years, this metric has ranged from a low of 81.45 to a high of 162.57. The Agriculture industry median Days Payable is 72.70. Indogulf Cropsciences' value of 129.33 is 77.9% above this industry median. Based on the distribution chart, Indogulf Cropsciences ranks #42 out of 246 companies in the Agriculture industry, which is in the top quartile — a strong position relative to peers. Overall, Indogulf Cropsciences has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Indogulf Cropsciences' Days Payable compare to CTVA and CF?
According to the Agriculture industry distribution chart, Indogulf Cropsciences ranks #42 out of 246 companies for Days Payable. This places Indogulf Cropsciences in the top 17% of its industry — outperforming the majority of peers. The industry median Days Payable is 72.70. Indogulf Cropsciences' value of 129.33 is 77.9% above this benchmark. Historically, Indogulf Cropsciences' own Days Payable has ranged from 81.45 to 162.57 over the past decade. While the company's 10-year median is 95.95 vs. the industry median of 72.70, Indogulf Cropsciences 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 Agriculture company?
The median Days Payable among Agriculture companies is 72.70, based on 246 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. Indogulf Cropsciences's current Days Payable of 129.33 is 77.9% 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 Indogulf Cropsciences and its competitors. For the Agriculture industry, the median Days Payable is 72.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indogulf Cropsciences's current Days Payable is 129.33, which is 35% above median its own 10-year median of 95.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indogulf Cropsciences stock overvalued right now?
Indogulf Cropsciences (NSE:IGCL) has a current Days Payable of 129.33. The current Days Payable is 129.33, which is 35% above median its 10-year median of 95.95 and 77.9% above the Agriculture industry median of 72.70. Indogulf Cropsciences' overall GF Score™ is 16/100 with 4 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 Indogulf Cropsciences (NSE:IGCL), the current Days Payable is 129.33 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.

Indogulf Cropsciences Business Description

Other Exchanges 544432:India
Address Netaji Subhash Place, 501, Gopal Heights Plot No - D-9, New Delhi, IND, 110034
Indogulf Cropsciences Ltd is engaged in the manufacturing and trading activities of Agro chemicals, viz. Micro Nutrients, Pesticides, Fertilizers, etc, for agricultural purposes. Its products are Crop Protection, Biostimulant, Plant Supplements, Adjuvants, Technical & Formulations, and Public Health & Veterinary.
16GF Score

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