Manorama IndustriesNSE:MANORAMA +0.86%99 Days Payable is 35.30 as of Mar. 2026, which is 64% above its 10-year median of 21.57. GuruFocus rates NSE:MANORAMA with a GF Score™ of 99/100 and a GF Value™ of ₹1,945.12 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,881 Consumer Packaged Goods companies, Manorama Industries ranks worse than 80.86% on this metric.
The historical rank and industry rank for Manorama Industries's Days Payable or its related term are showing as below:
NSE:MANORAMA'
s Days Payable Range Over the Past 10 Years
Min: 6.3 Med: 21.57 Max: 69.71
Current: 23.12
During the past 13 years, Manorama Industries's highest Days Payable was 69.71. The lowest was 6.30. And the median was 21.57.
NSE:MANORAMA's Days Payable is ranked worse than 80.86% of 1881
companies
in the Consumer Packaged Goods industry
Industry Median: 43.96
vs NSE:MANORAMA: 23.12
Manorama Industries's Days Payable
increased
from Mar. 2025 (11.48) to Mar. 2026 (35.30).
It may suggest that Manorama Industriesdelayed paying its suppliers.
Manorama Industries Days Payable Related Terms
Manorama Industries Days Payable Historical Data
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The historical data trend for Manorama Industries'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 Packaged Foods subindustry, Manorama Industries'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.
Manorama Industries Days Payable vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Manorama Industries's Days Payable distribution charts can be found below:
* The bar in red indicates where Manorama Industries'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.
Manorama Industries'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.
Manorama Industries (NSE:MANORAMA) has a Days Payable of 35.30 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 Manorama Industries and its competitors. This is 64% above median its historical median of 21.57. Over the past decade, Manorama Industries' Days Payable has ranged from 6.30 to 69.71. According to the industry distribution chart, Manorama Industries ranks #1521 out of 1881 companies in the Consumer Packaged Goods industry, placing it in the top 80.9%.
Is Manorama Industries' Days Payable too high?
Manorama Industries' current Days Payable of 35.30 is 64% above median its 10-year median of 21.57. Over the past 10 years, this metric has ranged from a low of 6.30 to a high of 69.71. The Consumer Packaged Goods industry median Days Payable is 43.96. Manorama Industries' value of 35.30 is 19.7% below this industry median. Based on the distribution chart, Manorama Industries ranks #1521 out of 1881 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Manorama Industries has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manorama Industries' Days Payable compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Manorama Industries ranks #1521 out of 1881 companies for Days Payable. This places Manorama Industries in the lower half of its industry. The industry median Days Payable is 43.96. Manorama Industries' value of 35.30 is 19.7% below this benchmark. Historically, Manorama Industries' own Days Payable has ranged from 6.30 to 69.71 over the past decade. While the company's 10-year median is 21.57 vs. the industry median of 43.96, Manorama Industries 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 Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 43.96, based on 1,881 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. Manorama Industries's current Days Payable of 35.30 is 19.7% 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 Manorama Industries and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 43.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manorama Industries's current Days Payable is 35.30, which is 64% above median its own 10-year median of 21.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manorama Industries stock overvalued right now?
Based on GuruFocus' analysis, Manorama Industries (NSE:MANORAMA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,945.12, compared to a current price of ₹1,575.90 — trading 19% below its estimated fair value. The current Days Payable is 35.30, which is 64% above median its 10-year median of 21.57 and 19.7% below the Consumer Packaged Goods industry median of 43.96. Manorama Industries' overall GF Score™ is 99/100 with 2 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 Manorama Industries (NSE:MANORAMA), the current Days Payable is 35.30 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 Manorama Industries (NSE:MANORAMA) Overvalued in 2026?
Based on GuruFocus' analysis, Manorama Industries stock appears to be undervalued.
The current stock price of ₹1,575.90 is trading 19% below its estimated GF Value™ of ₹1,945.12.
GuruFocus considers Manorama Industries to be Modestly Undervalued.
Key valuation signals for NSE:MANORAMA:
Days Payable: 35.30 (64% above median its 10-year median of 21.57)
GF Value™: ₹1,945.12 vs. price of ₹1,575.90 (19% below fair value)
Industry Position: 19.7% below the Consumer Packaged Goods median (#1521 of 1881)
No single metric tells the full story. See the NSE:MANORAMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manorama Industries Ltd is engaged in the manufacturing, processing, and supply of exotic and specialty fats and oils. The products offered by the company include Sal butter, Sal fat, Sal stearine, Mango butter, Kokum oil, Mowrah fat, and several other value-added, tailor-made products. Its only operating segment is the Manufacturing of Exotic Seed based Fats and Butters including Cocoa Butter Equivalent (CBE). Geographically, the company generates a majority of its revenue from outside India through exports, and the rest from its business within India.
99GF Score
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