INOX Green Energy Services (NSE:INOXGREEN) Days Payable: 201.52 (As of Mar. 2026) — 40% Below Median

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NSE:INOXGREEN INOX Green Energy Services Ltd NSE:INOXGREEN
76 GF Score
Price ₹185.95
GF Value ₹173.48
Valuation Fairly Valued
! 5 Warning Signs
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What is INOX Green Energy Services Days Payable?

INOX Green Energy Services NSE:INOXGREEN -2.43% 76 Days Payable is 201.52 as of Mar. 2026, which is 40% below its 10-year median of 335.82. GuruFocus rates NSE:INOXGREEN with a GF Score™ of 76/100 and a GF Value™ of ₹173.48 (Fairly Valued). The stock has 5 warning signs investors should review. Among 391 Utilities - Independent Power Producers companies, INOX Green Energy Services ranks better than 70.08% on this metric.

INOX Green Energy Services's average Accounts Payable for the three months ended in Mar. 2026 was ₹963 Mil. INOX Green Energy Services's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹436 Mil. Hence, INOX Green Energy Services's Days Payable for the three months ended in Mar. 2026 was 201.52.

The historical rank and industry rank for INOX Green Energy Services's Days Payable or its related term are showing as below:

NSE:INOXGREEN' s Days Payable Range Over the Past 10 Years
Min: 164.17   Med: 335.82   Max: 717.23
Current: 164.17

During the past 7 years, INOX Green Energy Services's highest Days Payable was 717.23. The lowest was 164.17. And the median was 335.82.

NSE:INOXGREEN's Days Payable is ranked better than
70.08% of 391 companies
in the Utilities - Independent Power Producers industry
Industry Median: 79.51 vs NSE:INOXGREEN: 164.17

INOX Green Energy Services's Days Payable increased from Mar. 2025 (129.64) to Mar. 2026 (201.52). It may suggest that INOX Green Energy Services delayed paying its suppliers.


INOX Green Energy Services Days Payable Historical Data

* Premium members only.

The historical data trend for INOX Green Energy Services'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.

INOX Green Energy Services Days Payable Chart

INOX Green Energy Services Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial 643.33 234.20 335.82 205.77 169.93

INOX Green Energy Services Quarterly Data
Mar20 Mar21 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 129.64 179.42 116.80 164.03 201.52

INOX Green Energy Services Days Payable Competitor Comparison

For the Utilities - Renewable subindustry, INOX Green Energy Services'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.


INOX Green Energy Services Days Payable vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, INOX Green Energy Services's Days Payable distribution charts can be found below:

* The bar in red indicates where INOX Green Energy Services's Days Payable falls into.


NSE:INOXGREEN
76GF Score
INOX Green Energy Services Ltd NSE:INOXGREEN
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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INOX Green Energy Services 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.

INOX Green Energy Services'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
=( (553.102 + 963.1) / 2 ) / 1628.4*365
=758.101 / 1628.4*365
=169.93

INOX Green Energy Services'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 + 963.1) / 1 ) / 436.1*365 / 4
=963.1 / 436.1*365 / 4
=201.52

* 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 201.52 mean?
INOX Green Energy Services (NSE:INOXGREEN) has a Days Payable of 201.52 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 INOX Green Energy Services and its competitors. This is 40% below median its historical median of 335.82. Over the past decade, INOX Green Energy Services' Days Payable has ranged from 164.17 to 717.23. According to the industry distribution chart, INOX Green Energy Services ranks #117 out of 391 companies in the Utilities - Independent Power Producers industry, placing it in the top 29.9%.
Is INOX Green Energy Services' Days Payable too high?
INOX Green Energy Services' current Days Payable of 201.52 is 40% below median its 10-year median of 335.82. Over the past 10 years, this metric has ranged from a low of 164.17 to a high of 717.23. The Utilities - Independent Power Producers industry median Days Payable is 79.51. INOX Green Energy Services' value of 201.52 is 153.5% above this industry median. Based on the distribution chart, INOX Green Energy Services ranks #117 out of 391 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, INOX Green Energy Services has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does INOX Green Energy Services' Days Payable compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, INOX Green Energy Services ranks #117 out of 391 companies for Days Payable. This puts INOX Green Energy Services in the upper half of its industry. The industry median Days Payable is 79.51. INOX Green Energy Services' value of 201.52 is 153.5% above this benchmark. Historically, INOX Green Energy Services' own Days Payable has ranged from 164.17 to 717.23 over the past decade. While the company's 10-year median is 335.82 vs. the industry median of 79.51, INOX Green Energy Services 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 Utilities - Independent Power Producers company?
The median Days Payable among Utilities - Independent Power Producers companies is 79.51, based on 391 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. INOX Green Energy Services's current Days Payable of 201.52 is 153.5% 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 INOX Green Energy Services and its competitors. For the Utilities - Independent Power Producers industry, the median Days Payable is 79.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. INOX Green Energy Services's current Days Payable is 201.52, which is 40% below median its own 10-year median of 335.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is INOX Green Energy Services stock overvalued right now?
Based on GuruFocus' analysis, INOX Green Energy Services (NSE:INOXGREEN) is currently considered Fairly Valued. The stock's GF Value™ is ₹173.48, compared to a current price of ₹185.95 — trading 7.2% above its estimated fair value. The current Days Payable is 201.52, which is 40% below median its 10-year median of 335.82 and 153.5% above the Utilities - Independent Power Producers industry median of 79.51. INOX Green Energy Services' overall GF Score™ is 76/100 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 INOX Green Energy Services (NSE:INOXGREEN), the current Days Payable is 201.52 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 INOX Green Energy Services (NSE:INOXGREEN) Overvalued in 2026?

Based on GuruFocus' analysis, INOX Green Energy Services stock appears to be overvalued. The current stock price of ₹185.95 is trading 7.2% above its estimated GF Value™ of ₹173.48. GuruFocus considers INOX Green Energy Services to be Fairly Valued.

Key valuation signals for NSE:INOXGREEN:

  • Days Payable: 201.52 (40% below median its 10-year median of 335.82)
  • GF Value™: ₹173.48 vs. price of ₹185.95 (7.2% above fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 153.5% above the Utilities - Independent Power Producers median (#117 of 391)

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


INOX Green Energy Services Business Description

Other Exchanges 543667:India
Address INOXGFL Towers, Plot No. 17, Sector-16A, Noida, UP, IND, 201 301
INOX Green Energy Services Ltd is a wind power operation and maintenance (O&M) service provider within India. It is engaged in the business of providing long-term O&M services for wind projects, specifically the provision of O&M services for wind turbine generators and common infrastructure facilities. The company generates almost all of its revenue from the sale of services.
76GF Score

Get the complete analysis for NSE:INOXGREEN

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

₹185.95
Price
₹173.48
GF Value