Mangalam Alloys (NSE:MAL) Days Payable: 112.70 (As of Mar. 2025)


NSE:MAL Mangalam Alloys Ltd NSE:MAL
38 GF Score
Price ₹36.25
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What is Mangalam Alloys Days Payable?

Mangalam Alloys NSE:MAL +4.62% 38 Days Payable is 112.70 as of Mar. 2025. GuruFocus rates NSE:MAL with a GF Score™ of 38/100. Among 598 Steel companies, Mangalam Alloys ranks better than 86.62% on this metric.

Mangalam Alloys's average Accounts Payable for the six months ended in Mar. 2025 was ₹1,207 Mil. Mangalam Alloys's Cost of Goods Sold for the six months ended in Mar. 2025 was ₹1,955 Mil. Hence, Mangalam Alloys's Days Payable for the six months ended in Mar. 2025 was 112.70.

The historical rank and industry rank for Mangalam Alloys's Days Payable or its related term are showing as below:

NSE:MAL's Days Payable is not ranked *
in the Steel industry.
Industry Median: 41.385
* Ranked among companies with meaningful Days Payable only.

Mangalam Alloys's Days Payable declined from Mar. 2024 (119.51) to Mar. 2025 (112.70). It may suggest that Mangalam Alloys accelerated paying its suppliers.

Mangalam Alloys Days Payable Historical Data

* Premium members only.

The historical data trend for Mangalam Alloys'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.

Mangalam Alloys Days Payable Chart

Mangalam Alloys Annual Data
Trend Mar16 Mar17 Mar18 Mar23 Mar24 Mar25
Days Payable
Get a 7-Day Free Trial 80.48 74.23 101.97 131.05 110.66

Mangalam Alloys Semi-Annual Data
Mar16 Mar17 Mar18 Sep18 Mar23 Sep23 Mar24 Sep24 Mar25
Days Payable Get a 7-Day Free Trial Premium Member Only 0.00 148.17 119.51 126.56 112.70

NSE:MAL vs NUE, STLD, RS: Days Payable Comparison

For the Steel subindustry, Mangalam Alloys'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.

Mangalam Alloys Days Payable vs Steel Industry

For the Steel industry and Basic Materials sector, Mangalam Alloys's Days Payable distribution charts can be found below:

* The bar in red indicates where Mangalam Alloys's Days Payable falls into.


NSE:MAL
38GF Score
Mangalam Alloys Ltd NSE:MAL
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Mangalam Alloys 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.

Mangalam Alloys's Days Payable for the fiscal year that ended in Mar. 2025 is calculated as

Days Payable (A: Mar. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2024 ) + Accounts Payable (A: Mar. 2025 )) / count ) / Cost of Goods Sold (A: Mar. 2025 )*Days in Period
=( (956.28 + 1184.844) / 2 ) / 3531.217*365
=1070.562 / 3531.217*365
=110.66

Mangalam Alloys's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

Days Payable (Q: Mar. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2024 ) + Accounts Payable (Q: Mar. 2025 )) / count ) / Cost of Goods Sold (Q: Mar. 2025 )*Days in Period
=( (1229.804 + 1184.844) / 2 ) / 1955.063*365 / 2
=1207.324 / 1955.063*365 / 2
=112.70

* 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 112.70 mean?
Mangalam Alloys (NSE:MAL) has a Days Payable of 112.70 as of Mar. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Mangalam Alloys and its competitors. According to the industry distribution chart, Mangalam Alloys ranks #80 out of 598 companies in the Steel industry, placing it in the top 13.4%.
Is Mangalam Alloys' Days Payable too high?
Mangalam Alloys' current Days Payable is 112.70. The Steel industry median Days Payable is 41.39. Mangalam Alloys' value of 112.70 is 172.3% above this industry median. Based on the distribution chart, Mangalam Alloys ranks #80 out of 598 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Mangalam Alloys has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Mangalam Alloys' Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Mangalam Alloys ranks #80 out of 598 companies for Days Payable. This places Mangalam Alloys in the top 13% of its industry — outperforming the majority of peers. The industry median Days Payable is 41.39. Mangalam Alloys' value of 112.70 is 172.3% above this benchmark. 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 Steel company?
The median Days Payable among Steel companies is 41.39, based on 598 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. Mangalam Alloys's current Days Payable of 112.70 is 172.3% 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 Mangalam Alloys and its competitors. For the Steel industry, the median Days Payable is 41.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mangalam Alloys's current Days Payable is 112.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mangalam Alloys stock overvalued right now?
Mangalam Alloys (NSE:MAL) has a current Days Payable of 112.70. The current Days Payable is 112.70 and 172.3% above the Steel industry median of 41.39. Mangalam Alloys' overall GF Score™ is 38/100. 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 Mangalam Alloys (NSE:MAL), the current Days Payable is 112.70 as of Mar. 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.

Mangalam Alloys Business Description

Address GIDC Phase 3, Plot No. 3123-3126, Chattral, Gandhinagar, GJ, IND, 382729
Mangalam Alloys Ltd is engaged in the manufacturing and distribution of high-quality stainless steel products. It is a stainless steel melting unit. Its products include forging ingots, billets, black round bars, bright round bars, hexagonal and square bars, SS RCS, angle bars, fasteners, and others. It operates in one segment, stainless steel products.
38GF Score

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

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