Indian OilNSE:IOC +0.32%84 Days Payable is 31.57 as of Mar. 2026, which is 1% below its 10-year median of 31.88. GuruFocus rates NSE:IOC with a GF Score™ of 84/100 and a GF Value™ of ₹154.98 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 852 Oil & Gas companies, Indian Oil ranks worse than 75.7% on this metric.
Indian Oil's average Accounts Payable for the
three
months ended in Mar. 2026 was ₹573,687 Mil. Indian Oil's Cost of Goods Sold for the
three
months ended in Mar. 2026 was ₹1,658,241 Mil.
Hence, Indian Oil's Days Payable for the
three
months ended in Mar. 2026 was 31.57.
The historical rank and industry rank for Indian Oil's Days Payable or its related term are showing as below:
NSE:IOC'
s Days Payable Range Over the Past 10 Years
Min: 24.55 Med: 31.88 Max: 40.23
Current: 31.71
During the past 13 years, Indian Oil's highest Days Payable was 40.23. The lowest was 24.55. And the median was 31.88.
NSE:IOC's Days Payable is ranked worse than 75.7% of 852
companies
in the Oil & Gas industry
Industry Median: 57.84
vs NSE:IOC: 31.71
Indian Oil's Days Payable
declined
from Mar. 2025 (32.74) to Mar. 2026 (31.57).
It may suggest that Indian Oilaccelerated paying its suppliers.
Indian Oil Days Payable Related Terms
Indian Oil Days Payable Historical Data
* Premium members only.
The historical data trend for Indian Oil'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.
For the Oil & Gas Refining & Marketing subindustry, Indian Oil'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 Oil Days Payable vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Indian Oil's Days Payable distribution charts can be found below:
* The bar in red indicates where Indian Oil'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.
Indian Oil'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.
Indian Oil (NSE:IOC) has a Days Payable of 31.57 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 Oil and its competitors. This is near median its historical median of 31.88. Over the past decade, Indian Oil's Days Payable has ranged from 24.55 to 40.23. According to the industry distribution chart, Indian Oil ranks #645 out of 852 companies in the Oil & Gas industry, placing it in the top 75.7%.
Is Indian Oil's Days Payable too high?
Indian Oil's current Days Payable of 31.57 is near median its 10-year median of 31.88. Over the past 10 years, this metric has ranged from a low of 24.55 to a high of 40.23. The Oil & Gas industry median Days Payable is 57.84. Indian Oil's value of 31.57 is 45.4% below this industry median. Based on the distribution chart, Indian Oil ranks #645 out of 852 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Indian Oil has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indian Oil's Days Payable compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Indian Oil ranks #645 out of 852 companies for Days Payable. This places Indian Oil in the lower half of its industry. The industry median Days Payable is 57.84. Indian Oil's value of 31.57 is 45.4% below this benchmark. Historically, Indian Oil's own Days Payable has ranged from 24.55 to 40.23 over the past decade. While the company's 10-year median is 31.88 vs. the industry median of 57.84, Indian Oil 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 Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.84, based on 852 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 Oil's current Days Payable of 31.57 is 45.4% 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 Oil and its competitors. For the Oil & Gas industry, the median Days Payable is 57.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Oil's current Days Payable is 31.57, which is near median its own 10-year median of 31.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Oil stock overvalued right now?
Based on GuruFocus' analysis, Indian Oil (NSE:IOC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹154.98, compared to a current price of ₹139.83 — trading 9.8% below its estimated fair value. The current Days Payable is 31.57, which is near median its 10-year median of 31.88 and 45.4% below the Oil & Gas industry median of 57.84. Indian Oil's overall GF Score™ is 84/100 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 Indian Oil (NSE:IOC), the current Days Payable is 31.57 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 Indian Oil (NSE:IOC) Overvalued in 2026?
Based on GuruFocus' analysis, Indian Oil stock appears to be undervalued.
The current stock price of ₹139.83 is trading 9.8% below its estimated GF Value™ of ₹154.98.
GuruFocus considers Indian Oil to be Modestly Undervalued.
Key valuation signals for NSE:IOC:
Days Payable: 31.57 (near median its 10-year median of 31.88)
GF Value™: ₹154.98 vs. price of ₹139.83 (9.8% below fair value)
Industry Position: 45.4% below the Oil & Gas median (#645 of 852)
No single metric tells the full story. See the NSE:IOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indian Oil Corp Ltd conducts business across the entire hydrocarbon value chain, from refining, pipeline transportation and marketing, to exploration and production of crude oil and gas, petrochemicals, gas marketing, alternative energy sources, and globalisation of downstream operations. The group is engaged in the following business segments: Sale of Petroleum Products, Sale of Petrochemicals, Sale of Gas, and the Other operating segment, which includes oil and gas exploration activities, explosives and cryogenic business, and windmill and solar power generation. The majority of its revenue is generated from the sale of petroleum products such as motor spirit, high speed diesel, liquified petroleum gas, aviation turbine fuel, and others. Geographically, it derives key revenue from India.
84GF Score
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