Le Merite ExportsNSE:LEMERITE +4.95%68 Days Payable is 16.58 as of Mar. 2026, which is 23% above its 10-year median of 13.47. GuruFocus rates NSE:LEMERITE with a GF Score™ of 68/100 and a GF Value™ of ₹33.92 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,012 Manufacturing - Apparel & Accessories companies, Le Merite Exports ranks worse than 53.26% on this metric.
The historical rank and industry rank for Le Merite Exports's Days Payable or its related term are showing as below:
NSE:LEMERITE'
s Days Payable Range Over the Past 10 Years
Min: 7.01 Med: 13.47 Max: 50.65
Current: 50.65
During the past 8 years, Le Merite Exports's highest Days Payable was 50.65. The lowest was 7.01. And the median was 13.47.
NSE:LEMERITE's Days Payable is ranked worse than 53.26% of 1012
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.045
vs NSE:LEMERITE: 50.65
Le Merite Exports's Days Payable
increased
from Dec. 2024 (13.61) to Mar. 2026 (16.58).
It may suggest that Le Merite Exportsdelayed paying its suppliers.
Le Merite Exports Days Payable Related Terms
Le Merite Exports Days Payable Historical Data
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The historical data trend for Le Merite Exports'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.
Le Merite Exports Days Payable Competitor Comparison
For the Textile Manufacturing subindustry, Le Merite Exports'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.
Le Merite Exports Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Le Merite Exports's Days Payable distribution charts can be found below:
* The bar in red indicates where Le Merite Exports'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.
Le Merite Exports'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.
Le Merite Exports (NSE:LEMERITE) has a Days Payable of 16.58 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 Le Merite Exports and its competitors. This is 23% above median its historical median of 13.47. Over the past decade, Le Merite Exports' Days Payable has ranged from 7.01 to 50.65. According to the industry distribution chart, Le Merite Exports ranks #539 out of 1012 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 53.3%.
Is Le Merite Exports' Days Payable too high?
Le Merite Exports' current Days Payable of 16.58 is 23% above median its 10-year median of 13.47. Over the past 10 years, this metric has ranged from a low of 7.01 to a high of 50.65. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.05. Le Merite Exports' value of 16.58 is 69.3% below this industry median. Based on the distribution chart, Le Merite Exports ranks #539 out of 1012 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Le Merite Exports has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Le Merite Exports' Days Payable compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Le Merite Exports ranks #539 out of 1012 companies for Days Payable. This places Le Merite Exports in the lower half of its industry. The industry median Days Payable is 54.05. Le Merite Exports' value of 16.58 is 69.3% below this benchmark. Historically, Le Merite Exports' own Days Payable has ranged from 7.01 to 50.65 over the past decade. While the company's 10-year median is 13.47 vs. the industry median of 54.05, Le Merite Exports 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 54.05, based on 1,012 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. Le Merite Exports's current Days Payable of 16.58 is 69.3% 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 Le Merite Exports and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Le Merite Exports's current Days Payable is 16.58, which is 23% above median its own 10-year median of 13.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Le Merite Exports stock overvalued right now?
Based on GuruFocus' analysis, Le Merite Exports (NSE:LEMERITE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹33.92, compared to a current price of ₹22.03 — trading 35.1% below its estimated fair value. The current Days Payable is 16.58, which is 23% above median its 10-year median of 13.47 and 69.3% below the Manufacturing - Apparel & Accessories industry median of 54.05. Le Merite Exports' overall GF Score™ is 68/100 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 Le Merite Exports (NSE:LEMERITE), the current Days Payable is 16.58 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 Le Merite Exports (NSE:LEMERITE) Overvalued in 2026?
Based on GuruFocus' analysis, Le Merite Exports stock appears to be undervalued.
The current stock price of ₹22.03 is trading 35.1% below its estimated GF Value™ of ₹33.92.
GuruFocus considers Le Merite Exports to be Significantly Undervalued.
Key valuation signals for NSE:LEMERITE:
Days Payable: 16.58 (23% above median its 10-year median of 13.47)
GF Value™: ₹33.92 vs. price of ₹22.03 (35.1% below fair value)
Industry Position: 69.3% below the Manufacturing - Apparel & Accessories median (#539 of 1012)
No single metric tells the full story. See the NSE:LEMERITE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Le Merite Exports Ltd is engaged in the manufacturing and trading of textile products namely cotton yarn, greige fabric, and finished fabric for domestic and export sales. The reportable segment for the Company is textile business.
68GF Score
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