MM ForgingsNSE:MMFL +5.22%86 Days Payable is 88.55 as of Mar. 2026, which is 56% above its 10-year median of 56.93. GuruFocus rates NSE:MMFL with a GF Score™ of 86/100 and a GF Value™ of ₹486.70 (Fairly Valued). The stock has 8 warning signs investors should review. Among 2,991 Industrial Products companies, MM Forgings ranks better than 50.05% on this metric.
MM Forgings's average Accounts Payable for the
three
months ended in Mar. 2026 was ₹2,258 Mil. MM Forgings's Cost of Goods Sold for the
three
months ended in Mar. 2026 was ₹2,327 Mil.
Hence, MM Forgings's Days Payable for the
three
months ended in Mar. 2026 was 88.55.
The historical rank and industry rank for MM Forgings's Days Payable or its related term are showing as below:
NSE:MMFL'
s Days Payable Range Over the Past 10 Years
Min: 40.73 Med: 56.93 Max: 84.46
Current: 78.12
During the past 13 years, MM Forgings's highest Days Payable was 84.46. The lowest was 40.73. And the median was 56.93.
NSE:MMFL's Days Payable is ranked better than 50.05% of 2991
companies
in the Industrial Products industry
Industry Median: 78.08
vs NSE:MMFL: 78.12
MM Forgings's Days Payable
increased
from Mar. 2025 (77.71) to Mar. 2026 (88.55).
It may suggest that MM Forgingsdelayed paying its suppliers.
MM Forgings Days Payable Related Terms
MM Forgings Days Payable Historical Data
* Premium members only.
The historical data trend for MM Forgings'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:MMFL vs CRS, ATI, MLI: Days Payable Comparison
For the Metal Fabrication subindustry, MM Forgings'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.
MM Forgings Days Payable vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, MM Forgings's Days Payable distribution charts can be found below:
* The bar in red indicates where MM Forgings'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.
MM Forgings'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.
MM Forgings (NSE:MMFL) has a Days Payable of 88.55 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 MM Forgings and its competitors. This is 56% above median its historical median of 56.93. Over the past decade, MM Forgings' Days Payable has ranged from 40.73 to 84.46. According to the industry distribution chart, MM Forgings ranks #1494 out of 2991 companies in the Industrial Products industry, placing it in the top 49.9%.
Is MM Forgings' Days Payable too high?
MM Forgings' current Days Payable of 88.55 is 56% above median its 10-year median of 56.93. Over the past 10 years, this metric has ranged from a low of 40.73 to a high of 84.46. The Industrial Products industry median Days Payable is 78.08. MM Forgings' value of 88.55 is 13.4% above this industry median. Based on the distribution chart, MM Forgings ranks #1494 out of 2991 companies in the Industrial Products industry, which is above the industry midpoint. Overall, MM Forgings has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MM Forgings' Days Payable compare to CRS and ATI?
According to the Industrial Products industry distribution chart, MM Forgings ranks #1494 out of 2991 companies for Days Payable. This puts MM Forgings in the upper half of its industry. The industry median Days Payable is 78.08. MM Forgings' value of 88.55 is 13.4% above this benchmark. Historically, MM Forgings' own Days Payable has ranged from 40.73 to 84.46 over the past decade. While the company's 10-year median is 56.93 vs. the industry median of 78.08, MM Forgings 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.08, based on 2,991 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. MM Forgings's current Days Payable of 88.55 is 13.4% 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 MM Forgings and its competitors. For the Industrial Products industry, the median Days Payable is 78.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MM Forgings's current Days Payable is 88.55, which is 56% above median its own 10-year median of 56.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MM Forgings stock overvalued right now?
Based on GuruFocus' analysis, MM Forgings (NSE:MMFL) is currently considered Fairly Valued. The stock's GF Value™ is ₹486.70, compared to a current price of ₹486.20 — trading 0.1% below its estimated fair value. The current Days Payable is 88.55, which is 56% above median its 10-year median of 56.93 and 13.4% above the Industrial Products industry median of 78.08. MM Forgings' overall GF Score™ is 86/100 with 8 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 MM Forgings (NSE:MMFL), the current Days Payable is 88.55 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 MM Forgings (NSE:MMFL) Overvalued in 2026?
Based on GuruFocus' analysis, MM Forgings stock appears to be undervalued.
The current stock price of ₹486.20 is trading 0.1% below its estimated GF Value™ of ₹486.70.
GuruFocus considers MM Forgings to be Fairly Valued.
Key valuation signals for NSE:MMFL:
Days Payable: 88.55 (56% above median its 10-year median of 56.93)
GF Value™: ₹486.70 vs. price of ₹486.20 (0.1% below fair value)
Industry Position: 13.4% above the Industrial Products median (#1494 of 2991)
No single metric tells the full story. See the NSE:MMFL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MM Forgings Ltd engages in the manufacturing and trading of steel forgings. It offers a range of steel forgings such as raw, semi-machined, and fully machined stages in various grades of carbon, alloy, micro-alloy, and stainless steel. It has one segment, the Manufacture of Steel Forgings.
86GF Score
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