Mahanagar Telephone Nigam (NSE:MTNL) Days Payable: 3,176.04 (As of Mar. 2026) — 147% Above Median


NSE:MTNL Mahanagar Telephone Nigam Ltd NSE:MTNL
59 GF Score
Price ₹29.27
GF Value ₹45.00
Valuation Possible Value Trap
! 4 Warning Signs
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What is Mahanagar Telephone Nigam Days Payable?

Mahanagar Telephone Nigam NSE:MTNL +1.11% 59 Days Payable is 3,176.04 as of Mar. 2026, which is 147% above its 10-year median of 1,283.49. GuruFocus rates NSE:MTNL with a GF Score™ of 59/100 and a GF Value™ of ₹45.00 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 338 Telecommunication Services companies, Mahanagar Telephone Nigam ranks better than 99.41% on this metric.

Mahanagar Telephone Nigam's average Accounts Payable for the three months ended in Mar. 2026 was ₹10,327 Mil. Mahanagar Telephone Nigam's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹297 Mil. Hence, Mahanagar Telephone Nigam's Days Payable for the three months ended in Mar. 2026 was 3,176.04.

The historical rank and industry rank for Mahanagar Telephone Nigam's Days Payable or its related term are showing as below:

NSE:MTNL' s Days Payable Range Over the Past 10 Years
Min: 290.81   Med: 1283.49   Max: 4121.73
Current: 4121.73

During the past 13 years, Mahanagar Telephone Nigam's highest Days Payable was 4121.73. The lowest was 290.81. And the median was 1283.49.

NSE:MTNL's Days Payable is ranked better than
99.41% of 338 companies
in the Telecommunication Services industry
Industry Median: 105.715 vs NSE:MTNL: 4121.73

Mahanagar Telephone Nigam's Days Payable increased from Mar. 2025 (2,552.14) to Mar. 2026 (3,176.04). It may suggest that Mahanagar Telephone Nigam delayed paying its suppliers.


Mahanagar Telephone Nigam Days Payable Historical Data

* Premium members only.

The historical data trend for Mahanagar Telephone 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.

Mahanagar Telephone Nigam Days Payable Chart

Mahanagar Telephone Nigam Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,439.50 2,247.01 2,586.05 2,894.90 4,038.26

Mahanagar Telephone Nigam Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,552.14 4,447.59 4,529.38 4,940.73 3,176.04

NSE:MTNL vs TMUS, VZ, T: Days Payable Comparison

For the Telecom Services subindustry, Mahanagar Telephone 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.


Mahanagar Telephone Nigam Days Payable vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Mahanagar Telephone Nigam's Days Payable distribution charts can be found below:

* The bar in red indicates where Mahanagar Telephone Nigam's Days Payable falls into.


NSE:MTNL
59GF Score
Mahanagar Telephone Nigam Ltd NSE:MTNL
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Mahanagar Telephone Nigam Days Payable Calculation

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.

Mahanagar Telephone Nigam's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (10001.6 + 10326.9) / 2 ) / 918.7*365
=10164.25 / 918.7*365
=4,038.26

Mahanagar Telephone Nigam's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (0 + 10326.9) / 1 ) / 296.7*365 / 4
=10326.9 / 296.7*365 / 4
=3,176.04

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 3,176.04 mean?
Mahanagar Telephone Nigam (NSE:MTNL) has a Days Payable of 3,176.04 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 Mahanagar Telephone Nigam and its competitors. This is 147% above median its historical median of 1,283.49. Over the past decade, Mahanagar Telephone Nigam's Days Payable has ranged from 290.81 to 4,121.73. According to the industry distribution chart, Mahanagar Telephone Nigam ranks #2 out of 338 companies in the Telecommunication Services industry, placing it in the top 0.59999999999999%.
Is Mahanagar Telephone Nigam's Days Payable too high?
Mahanagar Telephone Nigam's current Days Payable of 3,176.04 is 147% above median its 10-year median of 1,283.49. Over the past 10 years, this metric has ranged from a low of 290.81 to a high of 4,121.73. The Telecommunication Services industry median Days Payable is 105.72. Mahanagar Telephone Nigam's value of 3,176.04 is 2904.3% above this industry median. Based on the distribution chart, Mahanagar Telephone Nigam ranks #2 out of 338 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Mahanagar Telephone Nigam has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mahanagar Telephone Nigam's Days Payable compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Mahanagar Telephone Nigam ranks #2 out of 338 companies for Days Payable. This places Mahanagar Telephone Nigam in the top 1% of its industry — outperforming the majority of peers. The industry median Days Payable is 105.72. Mahanagar Telephone Nigam's value of 3,176.04 is 2904.3% above this benchmark. Historically, Mahanagar Telephone Nigam's own Days Payable has ranged from 290.81 to 4,121.73 over the past decade. While the company's 10-year median is 1,283.49 vs. the industry median of 105.72, Mahanagar Telephone Nigam 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 Telecommunication Services company?
The median Days Payable among Telecommunication Services companies is 105.72, based on 338 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. Mahanagar Telephone Nigam's current Days Payable of 3,176.04 is 2904.3% 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 Mahanagar Telephone Nigam and its competitors. For the Telecommunication Services industry, the median Days Payable is 105.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahanagar Telephone Nigam's current Days Payable is 3,176.04, which is 147% above median its own 10-year median of 1,283.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mahanagar Telephone Nigam stock overvalued right now?
Based on GuruFocus' analysis, Mahanagar Telephone Nigam (NSE:MTNL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹45.00, compared to a current price of ₹29.27 — trading 35% below its estimated fair value. The current Days Payable is 3,176.04, which is 147% above median its 10-year median of 1,283.49 and 2904.3% above the Telecommunication Services industry median of 105.72. Mahanagar Telephone Nigam's overall GF Score™ is 59/100 with 4 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 Mahanagar Telephone Nigam (NSE:MTNL), the current Days Payable is 3,176.04 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 Mahanagar Telephone Nigam (NSE:MTNL) Overvalued in 2026?

Based on GuruFocus' analysis, Mahanagar Telephone Nigam stock appears to be undervalued. The current stock price of ₹29.27 is trading 35% below its estimated GF Value™ of ₹45.00. GuruFocus considers Mahanagar Telephone Nigam to be Possible Value Trap.

Key valuation signals for NSE:MTNL:

  • Days Payable: 3,176.04 (147% above median its 10-year median of 1,283.49)
  • GF Value™: ₹45.00 vs. price of ₹29.27 (35% below fair value)
  • GF Score™: 59/100 with 4 warning signs
  • Industry Position: 2904.3% above the Telecommunication Services median (#2 of 338)

No single metric tells the full story. See the NSE:MTNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mahanagar Telephone Nigam Business Description

Other Exchanges 500108:India
Address Lodhi Road, 5th Floor, 9, CGO Complex, Mahanagar Doorsanchar Sadan, New Delhi, IND, 110 003
Mahanagar Telephone Nigam Ltd is an India-based company that provides telecommunications services. The company's operating segment includes the Basic and Cellular segments. It generates maximum revenue from the Basic segment. The company offers various telecom services, including fixed telephone service, GSM (including 3G services), Internet, Broadband, ISDN, and Leased Line services.
59GF Score

Get the complete analysis for NSE:MTNL

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹29.27
Price
₹45.00
GF Value