Modern Threads (India)NSE:MODTHREAD +1.37%38 Days Payable is 68.23 as of Mar. 2026, which is 32% above its 10-year median of 51.76. GuruFocus rates NSE:MODTHREAD with a GF Score™ of 38/100. The stock has 3 warning signs investors should review. Among 1,018 Manufacturing - Apparel & Accessories companies, Modern Threads (India) ranks better than 57.27% on this metric.
The historical rank and industry rank for Modern Threads (India)'s Days Payable or its related term are showing as below:
NSE:MODTHREAD'
s Days Payable Range Over the Past 10 Years
Min: 30.03 Med: 51.76 Max: 66.32
Current: 61.72
During the past 11 years, Modern Threads (India)'s highest Days Payable was 66.32. The lowest was 30.03. And the median was 51.76.
NSE:MODTHREAD's Days Payable is ranked better than 57.27% of 1018
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.045
vs NSE:MODTHREAD: 61.72
* 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.
Modern Threads (India) Days Payable Competitor Comparison
For the Textile Manufacturing subindustry, Modern Threads (India)'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.
Modern Threads (India) Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Modern Threads (India)'s Days Payable distribution charts can be found below:
* The bar in red indicates where Modern Threads (India)'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.
Modern Threads (India)'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.
Modern Threads (India) (NSE:MODTHREAD) has a Days Payable of 68.23 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 Modern Threads (India) and its competitors. This is 32% above median its historical median of 51.76. Over the past decade, Modern Threads (India)'s Days Payable has ranged from 30.03 to 66.32. According to the industry distribution chart, Modern Threads (India) ranks #435 out of 1018 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 42.7%.
Is Modern Threads (India)'s Days Payable too high?
Modern Threads (India)'s current Days Payable of 68.23 is 32% above median its 10-year median of 51.76. Over the past 10 years, this metric has ranged from a low of 30.03 to a high of 66.32. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.05. Modern Threads (India)'s value of 68.23 is 26.2% above this industry median. Based on the distribution chart, Modern Threads (India) ranks #435 out of 1018 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Modern Threads (India) has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Modern Threads (India)'s Days Payable compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Modern Threads (India) ranks #435 out of 1018 companies for Days Payable. This puts Modern Threads (India) in the upper half of its industry. The industry median Days Payable is 54.05. Modern Threads (India)'s value of 68.23 is 26.2% above this benchmark. Historically, Modern Threads (India)'s own Days Payable has ranged from 30.03 to 66.32 over the past decade. While the company's 10-year median is 51.76 vs. the industry median of 54.05, Modern Threads (India) 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.05, based on 1,018 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. Modern Threads (India)'s current Days Payable of 68.23 is 26.2% 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 Modern Threads (India) and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modern Threads (India)'s current Days Payable is 68.23, which is 32% above median its own 10-year median of 51.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Threads (India) stock overvalued right now?
Modern Threads (India) (NSE:MODTHREAD) has a current Days Payable of 68.23. The current Days Payable is 68.23, which is 32% above median its 10-year median of 51.76 and 26.2% above the Manufacturing - Apparel & Accessories industry median of 54.05. Modern Threads (India)'s overall GF Score™ is 38/100 with 3 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 Modern Threads (India) (NSE:MODTHREAD), the current Days Payable is 68.23 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.
Modern Threads (India) Ltd is engaged in the textile industry, manufacturing and selling a diverse products, including worsted yarn, wool tops, wool grease, polyester viscose fiber-dyed yarn, polyester yarn, and lanolin. The company mainly produces worsted yarn, wool tops, and synthetic yarn. Its products are exported to over 25 countries across Europe, Latin America, the Far East, the Middle East, and Africa. Its manufacturing plants are located in Raila and Bhilwara. The company has generated the majority of its revenue from India.
38GF Score
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