MIC ElectronicsNSE:MICEL +1.40%75 Days Payable is 220.39 as of Mar. 2026, which is 62% above its 10-year median of 135.80. GuruFocus rates NSE:MICEL with a GF Score™ of 75/100 and a GF Value™ of ₹208.75 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,436 Hardware companies, MIC Electronics ranks better than 83.5% on this metric.
The historical rank and industry rank for MIC Electronics's Days Payable or its related term are showing as below:
NSE:MICEL'
s Days Payable Range Over the Past 10 Years
Min: 12.74 Med: 135.8 Max: 36635.21
Current: 151.01
During the past 13 years, MIC Electronics's highest Days Payable was 36635.21. The lowest was 12.74. And the median was 135.80.
NSE:MICEL's Days Payable is ranked better than 83.5% of 2436
companies
in the Hardware industry
Industry Median: 69.89
vs NSE:MICEL: 151.01
MIC Electronics's Days Payable
increased
from Mar. 2025 (116.12) to Mar. 2026 (220.39).
It may suggest that MIC Electronicsdelayed paying its suppliers.
MIC Electronics Days Payable Related Terms
MIC Electronics Days Payable Historical Data
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The historical data trend for MIC Electronics'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 Electronic Components subindustry, MIC Electronics'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.
MIC Electronics Days Payable vs Hardware Industry
For the Hardware industry and Technology sector, MIC Electronics's Days Payable distribution charts can be found below:
* The bar in red indicates where MIC Electronics'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.
MIC Electronics'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.
MIC Electronics (NSE:MICEL) has a Days Payable of 220.39 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 MIC Electronics and its competitors. This is 62% above median its historical median of 135.80. Over the past decade, MIC Electronics' Days Payable has ranged from 12.74 to 36,635.21. According to the industry distribution chart, MIC Electronics ranks #402 out of 2436 companies in the Hardware industry, placing it in the top 16.5%.
Is MIC Electronics' Days Payable too high?
MIC Electronics' current Days Payable of 220.39 is 62% above median its 10-year median of 135.80. Over the past 10 years, this metric has ranged from a low of 12.74 to a high of 36,635.21. The Hardware industry median Days Payable is 69.89. MIC Electronics' value of 220.39 is 215.3% above this industry median. Based on the distribution chart, MIC Electronics ranks #402 out of 2436 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, MIC Electronics has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MIC Electronics' Days Payable compare to APH and GLW?
According to the Hardware industry distribution chart, MIC Electronics ranks #402 out of 2436 companies for Days Payable. This places MIC Electronics in the top 17% of its industry — outperforming the majority of peers. The industry median Days Payable is 69.89. MIC Electronics' value of 220.39 is 215.3% above this benchmark. Historically, MIC Electronics' own Days Payable has ranged from 12.74 to 36,635.21 over the past decade. While the company's 10-year median is 135.80 vs. the industry median of 69.89, MIC Electronics has consistently been above 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 Hardware company?
The median Days Payable among Hardware companies is 69.89, based on 2,436 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. MIC Electronics's current Days Payable of 220.39 is 215.3% 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 MIC Electronics and its competitors. For the Hardware industry, the median Days Payable is 69.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIC Electronics's current Days Payable is 220.39, which is 62% above median its own 10-year median of 135.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIC Electronics stock overvalued right now?
Based on GuruFocus' analysis, MIC Electronics (NSE:MICEL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹208.75, compared to a current price of ₹39.74 — trading 81% below its estimated fair value. The current Days Payable is 220.39, which is 62% above median its 10-year median of 135.80 and 215.3% above the Hardware industry median of 69.89. MIC Electronics' overall GF Score™ is 75/100 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 MIC Electronics (NSE:MICEL), the current Days Payable is 220.39 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 MIC Electronics (NSE:MICEL) Overvalued in 2026?
Based on GuruFocus' analysis, MIC Electronics stock appears to be undervalued.
The current stock price of ₹39.74 is trading 81% below its estimated GF Value™ of ₹208.75.
GuruFocus considers MIC Electronics to be Possible Value Trap.
Key valuation signals for NSE:MICEL:
Days Payable: 220.39 (62% above median its 10-year median of 135.80)
GF Value™: ₹208.75 vs. price of ₹39.74 (81% below fair value)
Industry Position: 215.3% above the Hardware median (#402 of 2436)
No single metric tells the full story. See the NSE:MICEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MIC Electronics Ltd designs, develops, and manufactures light-emitting diode (LED) video displays, and other electronic components. The operating segments of the group are LED products; Medical appliances and E Vehicles. Its products include LED lighting, LED displays, Oxygen concentrators, and Batteries. The company predominantly operates in India.
75GF Score
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