MRFNSE:MRF +1.96%93 Days Payable is 59.50 as of Mar. 2026, which is 0% below its 10-year median of 59.55. GuruFocus rates NSE:MRF with a GF Score™ of 93/100 and a GF Value™ of ₹159,760.70 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,309 Vehicles & Parts companies, MRF ranks worse than 59.36% on this metric.
MRF's average Accounts Payable for the
three
months ended in Mar. 2026 was ₹32,108 Mil. MRF's Cost of Goods Sold for the
three
months ended in Mar. 2026 was ₹49,243 Mil.
Hence, MRF's Days Payable for the
three
months ended in Mar. 2026 was 59.50.
The historical rank and industry rank for MRF's Days Payable or its related term are showing as below:
NSE:MRF'
s Days Payable Range Over the Past 10 Years
Min: 55.15 Med: 59.55 Max: 101.49
Current: 55.7
During the past 13 years, MRF's highest Days Payable was 101.49. The lowest was 55.15. And the median was 59.55.
NSE:MRF's Days Payable is ranked worse than 59.36% of 1309
companies
in the Vehicles & Parts industry
Industry Median: 67.02
vs NSE:MRF: 55.70
MRF's Days Payable
declined
from Mar. 2025 (60.74) to Mar. 2026 (59.50).
It may suggest that MRFaccelerated paying its suppliers.
MRF Days Payable Related Terms
MRF Days Payable Historical Data
* Premium members only.
The historical data trend for MRF'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 Auto Parts subindustry, MRF'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.
MRF Days Payable vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, MRF's Days Payable distribution charts can be found below:
* The bar in red indicates where MRF'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.
MRF'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.
MRF (NSE:MRF) has a Days Payable of 59.50 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 MRF and its competitors. This is near median its historical median of 59.55. Over the past decade, MRF's Days Payable has ranged from 55.15 to 101.49. According to the industry distribution chart, MRF ranks #777 out of 1309 companies in the Vehicles & Parts industry, placing it in the top 59.4%.
Is MRF's Days Payable too high?
MRF's current Days Payable of 59.50 is near median its 10-year median of 59.55. Over the past 10 years, this metric has ranged from a low of 55.15 to a high of 101.49. The Vehicles & Parts industry median Days Payable is 67.02. MRF's value of 59.50 is 11.2% below this industry median. Based on the distribution chart, MRF ranks #777 out of 1309 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, MRF has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MRF's Days Payable compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, MRF ranks #777 out of 1309 companies for Days Payable. This places MRF in the lower half of its industry. The industry median Days Payable is 67.02. MRF's value of 59.50 is 11.2% below this benchmark. Historically, MRF's own Days Payable has ranged from 55.15 to 101.49 over the past decade. While the company's 10-year median is 59.55 vs. the industry median of 67.02, MRF 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 Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.02, based on 1,309 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. MRF's current Days Payable of 59.50 is 11.2% 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 MRF and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MRF's current Days Payable is 59.50, which is near median its own 10-year median of 59.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MRF stock overvalued right now?
Based on GuruFocus' analysis, MRF (NSE:MRF) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹159,760.70, compared to a current price of ₹134,655.00 — trading 15.7% below its estimated fair value. The current Days Payable is 59.50, which is near median its 10-year median of 59.55 and 11.2% below the Vehicles & Parts industry median of 67.02. MRF's overall GF Score™ is 93/100 with 1 warning sign 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 MRF (NSE:MRF), the current Days Payable is 59.50 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 MRF (NSE:MRF) Overvalued in 2026?
Based on GuruFocus' analysis, MRF stock appears to be undervalued.
The current stock price of ₹134,655.00 is trading 15.7% below its estimated GF Value™ of ₹159,760.70.
GuruFocus considers MRF to be Modestly Undervalued.
Key valuation signals for NSE:MRF:
Days Payable: 59.50 (near median its 10-year median of 59.55)
GF Value™: ₹159,760.70 vs. price of ₹134,655.00 (15.7% below fair value)
Industry Position: 11.2% below the Vehicles & Parts median (#777 of 1309)
No single metric tells the full story. See the NSE:MRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MRF Ltd makes and sells rubber products, including tires, tubes, tread rubber, conveyor belts, and building and floor coatings. The firm's tires are used for automobiles, commercial trucks, and farm equipment. The company sells tires under the MRF brand name. MRF also operates multiple retail stores that sell tires and offer services. Stores under the MRF TireRok brand offer wheel alignment and air conditioning repair. MRF Musclezone stores offer tire servicing for commercial vehicles. MRF Tyredom stores offer a wheel alignment and car washes. The majority of revenue comes from India.
93GF Score
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