Mishra Dhatu NigamNSE:MIDHANI +1.50%84 Days Payable is 33.99 as of Mar. 2026, which is 83% below its 10-year median of 203.35. GuruFocus rates NSE:MIDHANI with a GF Score™ of 84/100 and a GF Value™ of ₹464.38 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 598 Steel companies, Mishra Dhatu Nigam ranks better than 77.76% on this metric.
The historical rank and industry rank for Mishra Dhatu Nigam's Days Payable or its related term are showing as below:
NSE:MIDHANI'
s Days Payable Range Over the Past 10 Years
Min: 77.81 Med: 203.35 Max: 328.17
Current: 83.2
During the past 13 years, Mishra Dhatu Nigam's highest Days Payable was 328.17. The lowest was 77.81. And the median was 203.35.
NSE:MIDHANI's Days Payable is ranked better than 77.76% of 598
companies
in the Steel industry
Industry Median: 41.385
vs NSE:MIDHANI: 83.20
Mishra Dhatu Nigam's Days Payable
declined
from Mar. 2025 (51.26) to Mar. 2026 (33.99).
It may suggest that Mishra Dhatu Nigamaccelerated paying its suppliers.
Mishra Dhatu Nigam Days Payable Related Terms
Mishra Dhatu Nigam Days Payable Historical Data
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The historical data trend for Mishra Dhatu Nigam'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.
NSE:MIDHANI vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, Mishra Dhatu Nigam'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.
Mishra Dhatu Nigam Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Mishra Dhatu Nigam's Days Payable distribution charts can be found below:
* The bar in red indicates where Mishra Dhatu Nigam'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.
Mishra Dhatu Nigam'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.
Mishra Dhatu Nigam (NSE:MIDHANI) has a Days Payable of 33.99 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 Mishra Dhatu Nigam and its competitors. This is 83% below median its historical median of 203.35. Over the past decade, Mishra Dhatu Nigam's Days Payable has ranged from 77.81 to 328.17. According to the industry distribution chart, Mishra Dhatu Nigam ranks #133 out of 598 companies in the Steel industry, placing it in the top 22.2%.
Is Mishra Dhatu Nigam's Days Payable too high?
Mishra Dhatu Nigam's current Days Payable of 33.99 is 83% below median its 10-year median of 203.35. Over the past 10 years, this metric has ranged from a low of 77.81 to a high of 328.17. The Steel industry median Days Payable is 41.39. Mishra Dhatu Nigam's value of 33.99 is 17.9% below this industry median. Based on the distribution chart, Mishra Dhatu Nigam ranks #133 out of 598 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Mishra Dhatu Nigam has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mishra Dhatu Nigam's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Mishra Dhatu Nigam ranks #133 out of 598 companies for Days Payable. This places Mishra Dhatu Nigam in the top 22% of its industry — outperforming the majority of peers. The industry median Days Payable is 41.39. Mishra Dhatu Nigam's value of 33.99 is 17.9% below this benchmark. Historically, Mishra Dhatu Nigam's own Days Payable has ranged from 77.81 to 328.17 over the past decade. While the company's 10-year median is 203.35 vs. the industry median of 41.39, Mishra Dhatu Nigam 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 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. Mishra Dhatu Nigam's current Days Payable of 33.99 is 17.9% 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 Mishra Dhatu Nigam 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. Mishra Dhatu Nigam's current Days Payable is 33.99, which is 83% below median its own 10-year median of 203.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mishra Dhatu Nigam stock overvalued right now?
Based on GuruFocus' analysis, Mishra Dhatu Nigam (NSE:MIDHANI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹464.38, compared to a current price of ₹415.90 — trading 10.4% below its estimated fair value. The current Days Payable is 33.99, which is 83% below median its 10-year median of 203.35 and 17.9% below the Steel industry median of 41.39. Mishra Dhatu Nigam's overall GF Score™ is 84/100 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 Mishra Dhatu Nigam (NSE:MIDHANI), the current Days Payable is 33.99 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 Mishra Dhatu Nigam (NSE:MIDHANI) Overvalued in 2026?
Based on GuruFocus' analysis, Mishra Dhatu Nigam stock appears to be undervalued.
The current stock price of ₹415.90 is trading 10.4% below its estimated GF Value™ of ₹464.38.
GuruFocus considers Mishra Dhatu Nigam to be Modestly Undervalued.
Key valuation signals for NSE:MIDHANI:
Days Payable: 33.99 (83% below median its 10-year median of 203.35)
GF Value™: ₹464.38 vs. price of ₹415.90 (10.4% below fair value)
Industry Position: 17.9% below the Steel median (#133 of 598)
No single metric tells the full story. See the NSE:MIDHANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mishra Dhatu Nigam Ltd is engaged in the business of manufacturing superalloys, titanium, special purpose steel, and other special metals. Its product portfolio includes titanium and titanium alloys, special steel, fasteners, investment castings, open-die forgings, and others. Geographically, the company caters to both Indian and international markets, of which, a majority of its revenue is derived from its business in India.
84GF Score
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