M Tek Copper (NSE:MCL) Days Payable: 8.52 (As of Jun. 2025)


NSE:MCL M Tek Copper Ltd NSE:MCL
38 GF Score
Price ₹55.55
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What is M Tek Copper Days Payable?

M Tek Copper NSE:MCL +1.41% 38 Days Payable is 8.52 as of Jun. 2025. GuruFocus rates NSE:MCL with a GF Score™ of 38/100. Among 1,062 Metals & Mining companies, M Tek Copper ranks worse than 91.62% on this metric.

M Tek Copper's average Accounts Payable for the three months ended in Jun. 2025 was ₹38 Mil. M Tek Copper's Cost of Goods Sold for the three months ended in Jun. 2025 was ₹412 Mil. Hence, M Tek Copper's Days Payable for the three months ended in Jun. 2025 was 8.52.

The historical rank and industry rank for M Tek Copper's Days Payable or its related term are showing as below:

NSE:MCL's Days Payable is not ranked *
in the Metals & Mining industry.
Industry Median: 126.885
* Ranked among companies with meaningful Days Payable only.

M Tek Copper's Days Payable declined from Jun. 2024 (33.41) to Jun. 2025 (8.52). It may suggest that M Tek Copper accelerated paying its suppliers.

M Tek Copper Days Payable Historical Data

* Premium members only.

The historical data trend for M Tek Copper'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.

M Tek Copper Days Payable Chart

M Tek Copper Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.09 207.44 17,165.04 354.45 18.72

M Tek Copper Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33.41 40.35 31.17 8.52 8.52

NSE:MCL vs SCCO, FCX: Days Payable Comparison

For the Copper subindustry, M Tek Copper'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.

M Tek Copper Days Payable vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, M Tek Copper's Days Payable distribution charts can be found below:

* The bar in red indicates where M Tek Copper's Days Payable falls into.


NSE:MCL
38GF Score
M Tek Copper Ltd NSE:MCL
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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M Tek Copper 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.

M Tek Copper'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
=( (77.041 + 38.424) / 2 ) / 1125.931*365
=57.7325 / 1125.931*365
=18.72

M Tek Copper's Days Payable for the quarter that ended in Jun. 2025 is calculated as:

Days Payable (Q: Jun. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2025 ) + Accounts Payable (Q: Jun. 2025 )) / count ) / Cost of Goods Sold (Q: Jun. 2025 )*Days in Period
=( (38.424 + 0) / 1 ) / 411.643*365 / 4
=38.424 / 411.643*365 / 4
=8.52

* 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 8.52 mean?
M Tek Copper (NSE:MCL) has a Days Payable of 8.52 as of Jun. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on M Tek Copper and its competitors. According to the industry distribution chart, M Tek Copper ranks #973 out of 1062 companies in the Metals & Mining industry, placing it in the top 91.6%.
Is M Tek Copper's Days Payable too high?
M Tek Copper's current Days Payable is 8.52. The Metals & Mining industry median Days Payable is 126.89. M Tek Copper's value of 8.52 is 93.3% below this industry median. Based on the distribution chart, M Tek Copper ranks #973 out of 1062 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, M Tek Copper has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does M Tek Copper's Days Payable compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, M Tek Copper ranks #973 out of 1062 companies for Days Payable. This places M Tek Copper in the lower half of its industry. The industry median Days Payable is 126.89. M Tek Copper's value of 8.52 is 93.3% below 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 Metals & Mining company?
The median Days Payable among Metals & Mining companies is 126.89, based on 1,062 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. M Tek Copper's current Days Payable of 8.52 is 93.3% 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 M Tek Copper and its competitors. For the Metals & Mining industry, the median Days Payable is 126.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. M Tek Copper's current Days Payable is 8.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M Tek Copper stock overvalued right now?
M Tek Copper (NSE:MCL) has a current Days Payable of 8.52. The current Days Payable is 8.52 and 93.3% below the Metals & Mining industry median of 126.89. M Tek Copper's 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 M Tek Copper (NSE:MCL), the current Days Payable is 8.52 as of Jun. 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.

M Tek Copper Business Description

Address Waghawadi Road, Opposite Home School, Plot 2107/D, 202/203, 2nd Floor, D & I Excellus, Bhavnagar, GJ, IND, 364 001
M Tek Copper Ltd, formerly Madhav Copper Ltd is engaged in the manufacturing of copper wires. Its products portfolio includes Bare Copper Wire, Copper End ring Laminates, Copper Strip And Rod-Profile, Enamelled Copper Round Winding Wire, among others.
38GF Score

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