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Laxmi CotspinNSE:LAXMICOT +2.99%63 Days Payable is 29.60 as of Dec. 2025, which is 102% above its 10-year median of 14.68. GuruFocus rates NSE:LAXMICOT with a GF Score™ of 63/100 and a GF Value™ of ₹23.13 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,017 Manufacturing - Apparel & Accessories companies, Laxmi Cotspin ranks worse than 90.17% on this metric.
The historical rank and industry rank for Laxmi Cotspin's Days Payable or its related term are showing as below:
NSE:LAXMICOT'
s Days Payable Range Over the Past 10 Years
Min: 11.2 Med: 14.68 Max: 25.03
Current: 15.1
During the past 13 years, Laxmi Cotspin's highest Days Payable was 25.03. The lowest was 11.20. And the median was 14.68.
NSE:LAXMICOT's Days Payable is ranked worse than 90.17% of 1017
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.22
vs NSE:LAXMICOT: 15.10
Laxmi Cotspin's Days Payable
increased
from Dec. 2024 (12.28) to Dec. 2025 (29.60).
It may suggest that Laxmi Cotspindelayed paying its suppliers.
Laxmi Cotspin Days Payable Related Terms
Laxmi Cotspin Days Payable Historical Data
* Premium members only.
The historical data trend for Laxmi Cotspin'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 Textile Manufacturing subindustry, Laxmi Cotspin'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.
Laxmi Cotspin Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Laxmi Cotspin's Days Payable distribution charts can be found below:
* The bar in red indicates where Laxmi Cotspin'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.
Laxmi Cotspin's Days Payable for the fiscal year that ended in Mar. 2025 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.
Laxmi Cotspin (NSE:LAXMICOT) has a Days Payable of 29.60 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Laxmi Cotspin and its competitors. This is 102% above median its historical median of 14.68. Over the past decade, Laxmi Cotspin's Days Payable has ranged from 11.20 to 25.03. According to the industry distribution chart, Laxmi Cotspin ranks #917 out of 1017 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 90.2%.
Is Laxmi Cotspin's Days Payable too high?
Laxmi Cotspin's current Days Payable of 29.60 is 102% above median its 10-year median of 14.68. Over the past 10 years, this metric has ranged from a low of 11.20 to a high of 25.03. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.22. Laxmi Cotspin's value of 29.60 is 45.4% below this industry median. Based on the distribution chart, Laxmi Cotspin ranks #917 out of 1017 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Laxmi Cotspin has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Laxmi Cotspin's Days Payable compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Laxmi Cotspin ranks #917 out of 1017 companies for Days Payable. This places Laxmi Cotspin in the lower half of its industry. The industry median Days Payable is 54.22. Laxmi Cotspin's value of 29.60 is 45.4% below this benchmark. Historically, Laxmi Cotspin's own Days Payable has ranged from 11.20 to 25.03 over the past decade. While the company's 10-year median is 14.68 vs. the industry median of 54.22, Laxmi Cotspin 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.22, based on 1,017 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. Laxmi Cotspin's current Days Payable of 29.60 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 Laxmi Cotspin and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Laxmi Cotspin's current Days Payable is 29.60, which is 102% above median its own 10-year median of 14.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Laxmi Cotspin stock overvalued right now?
Based on GuruFocus' analysis, Laxmi Cotspin (NSE:LAXMICOT) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹23.13, compared to a current price of ₹15.52 — trading 32.9% below its estimated fair value. The current Days Payable is 29.60, which is 102% above median its 10-year median of 14.68 and 45.4% below the Manufacturing - Apparel & Accessories industry median of 54.22. Laxmi Cotspin's overall GF Score™ is 63/100 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 Laxmi Cotspin (NSE:LAXMICOT), the current Days Payable is 29.60 as of Dec. 2025. 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 Laxmi Cotspin (NSE:LAXMICOT) Overvalued in 2026?
Based on GuruFocus' analysis, Laxmi Cotspin stock appears to be undervalued.
The current stock price of ₹15.52 is trading 32.9% below its estimated GF Value™ of ₹23.13.
GuruFocus considers Laxmi Cotspin to be Significantly Undervalued.
Key valuation signals for NSE:LAXMICOT:
Days Payable: 29.60 (102% above median its 10-year median of 14.68)
GF Value™: ₹23.13 vs. price of ₹15.52 (32.9% below fair value)
Industry Position: 45.4% below the Manufacturing - Apparel & Accessories median (#917 of 1017)
No single metric tells the full story. See the NSE:LAXMICOT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Laxmi Cotspin Ltd is engaged in the manufacturing of cotton yarn, cotton bales, cotton seeds, cotton oil, and oil cakes. It operates the business of cotton processing in the textile industry. The company offers services such as Ginning and Pressing, Spinning, and Open-end among others. Geographically, it generates all of its revenue from India.
63GF Score
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