ITINSE:ITI -0.58%69 Days Payable is 542.39 as of Mar. 2026, which is 21% above its 10-year median of 447.46. GuruFocus rates NSE:ITI with a GF Score™ of 69/100 and a GF Value™ of ₹249.45 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,436 Hardware companies, ITI ranks better than 98.73% on this metric.
ITI's average Accounts Payable for the
three
months ended in Mar. 2026 was ₹28,907 Mil. ITI's Cost of Goods Sold for the
three
months ended in Mar. 2026 was ₹4,863 Mil.
Hence, ITI's Days Payable for the
three
months ended in Mar. 2026 was 542.39.
The historical rank and industry rank for ITI's Days Payable or its related term are showing as below:
NSE:ITI'
s Days Payable Range Over the Past 10 Years
Min: 261.07 Med: 447.46 Max: 681.59
Current: 641.22
During the past 13 years, ITI's highest Days Payable was 681.59. The lowest was 261.07. And the median was 447.46.
NSE:ITI's Days Payable is ranked better than 98.73% of 2436
companies
in the Hardware industry
Industry Median: 69.89
vs NSE:ITI: 641.22
ITI's Days Payable
increased
from Mar. 2025 (293.47) to Mar. 2026 (542.39).
It may suggest that ITIdelayed paying its suppliers.
ITI Days Payable Related Terms
ITI Days Payable Historical Data
* Premium members only.
The historical data trend for ITI'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:ITI vs CSCO, CIEN, MSI: Days Payable Comparison
For the Communication Equipment subindustry, ITI'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.
ITI Days Payable vs Hardware Industry
For the Hardware industry and Technology sector, ITI's Days Payable distribution charts can be found below:
* The bar in red indicates where ITI'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.
ITI'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.
ITI (NSE:ITI) has a Days Payable of 542.39 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 ITI and its competitors. This is 21% above median its historical median of 447.46. Over the past decade, ITI's Days Payable has ranged from 261.07 to 681.59. According to the industry distribution chart, ITI ranks #31 out of 2436 companies in the Hardware industry, placing it in the top 1.3%.
Is ITI's Days Payable too high?
ITI's current Days Payable of 542.39 is 21% above median its 10-year median of 447.46. Over the past 10 years, this metric has ranged from a low of 261.07 to a high of 681.59. The Hardware industry median Days Payable is 69.89. ITI's value of 542.39 is 676.1% above this industry median. Based on the distribution chart, ITI ranks #31 out of 2436 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, ITI has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ITI's Days Payable compare to CSCO and CIEN?
According to the Hardware industry distribution chart, ITI ranks #31 out of 2436 companies for Days Payable. This places ITI in the top 1% of its industry — outperforming the majority of peers. The industry median Days Payable is 69.89. ITI's value of 542.39 is 676.1% above this benchmark. Historically, ITI's own Days Payable has ranged from 261.07 to 681.59 over the past decade. While the company's 10-year median is 447.46 vs. the industry median of 69.89, ITI 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 a Hardware company?
The median Days Payable among Hardware companies is 69.89, based on 2,436 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. ITI's current Days Payable of 542.39 is 676.1% 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 ITI and its competitors. For the Hardware industry, the median Days Payable is 69.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ITI's current Days Payable is 542.39, which is 21% above median its own 10-year median of 447.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITI stock overvalued right now?
Based on GuruFocus' analysis, ITI (NSE:ITI) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹249.45, compared to a current price of ₹297.95 — trading 19.4% above its estimated fair value. The current Days Payable is 542.39, which is 21% above median its 10-year median of 447.46 and 676.1% above the Hardware industry median of 69.89. ITI's overall GF Score™ is 69/100 with 3 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 ITI (NSE:ITI), the current Days Payable is 542.39 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 ITI (NSE:ITI) Overvalued in 2026?
Based on GuruFocus' analysis, ITI stock appears to be overvalued.
The current stock price of ₹297.95 is trading 19.4% above its estimated GF Value™ of ₹249.45.
GuruFocus considers ITI to be Modestly Overvalued.
Key valuation signals for NSE:ITI:
Days Payable: 542.39 (21% above median its 10-year median of 447.46)
GF Value™: ₹249.45 vs. price of ₹297.95 (19.4% above fair value)
Industry Position: 676.1% above the Hardware median (#31 of 2436)
No single metric tells the full story. See the NSE:ITI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ITI Ltd is an Indian manufacturer and service provider of telecommunication equipment and network infrastructure using IP/MPLS, optical fiber, microwave, and satellite technologies. Its products include GPON devices, Digital Mobile Radio systems, smart energy meters, defence encryption products, Wi-Fi equipment, smart cards, solar modules, IoT devices, and other communication hardware. The company also supplies traded communication and IT equipment. Its services cover turnkey project execution, installation, maintenance, data center hosting, electronic manufacturing, PCB fabrication, environmental testing, and 3D printing. It focuses on innovation and serves the Indian telecom, smart cities, and defence sectors.
69GF Score
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