Nandan DenimNSE:NDL -2.10%83 Days Payable is 34.32 as of Mar. 2026, which is 15% below its 10-year median of 40.39. GuruFocus rates NSE:NDL with a GF Score™ of 83/100 and a GF Value™ of ₹3.64 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,012 Manufacturing - Apparel & Accessories companies, Nandan Denim ranks worse than 66.7% on this metric.
Nandan Denim's Days Payable
increased
from Mar. 2025 (30.88) to Mar. 2026 (34.32).
It may suggest that Nandan Denimdelayed paying its suppliers.
Nandan Denim Days Payable Related Terms
Nandan Denim Days Payable Historical Data
* Premium members only.
The historical data trend for Nandan Denim'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 Textile Manufacturing subindustry, Nandan Denim'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.
Nandan Denim Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nandan Denim's Days Payable distribution charts can be found below:
* The bar in red indicates where Nandan Denim'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.
Nandan Denim'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.
Nandan Denim (NSE:NDL) has a Days Payable of 34.32 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 Nandan Denim and its competitors. This is 15% below median its historical median of 40.39. Over the past decade, Nandan Denim's Days Payable has ranged from 29.47 to 52.69. According to the industry distribution chart, Nandan Denim ranks #675 out of 1012 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 66.7%.
Is Nandan Denim's Days Payable too high?
Nandan Denim's current Days Payable of 34.32 is 15% below median its 10-year median of 40.39. Over the past 10 years, this metric has ranged from a low of 29.47 to a high of 52.69. The Manufacturing - Apparel & Accessories industry median Days Payable is 53.95. Nandan Denim's value of 34.32 is 36.4% below this industry median. Based on the distribution chart, Nandan Denim ranks #675 out of 1012 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Nandan Denim has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nandan Denim's Days Payable compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Nandan Denim ranks #675 out of 1012 companies for Days Payable. This places Nandan Denim in the lower half of its industry. The industry median Days Payable is 53.95. Nandan Denim's value of 34.32 is 36.4% below this benchmark. Historically, Nandan Denim's own Days Payable has ranged from 29.47 to 52.69 over the past decade. While the company's 10-year median is 40.39 vs. the industry median of 53.95, Nandan Denim 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 53.95, based on 1,012 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. Nandan Denim's current Days Payable of 34.32 is 36.4% 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 Nandan Denim and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 53.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nandan Denim's current Days Payable is 34.32, which is 15% below median its own 10-year median of 40.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nandan Denim stock overvalued right now?
Based on GuruFocus' analysis, Nandan Denim (NSE:NDL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹3.64, compared to a current price of ₹2.33 — trading 36% below its estimated fair value. The current Days Payable is 34.32, which is 15% below median its 10-year median of 40.39 and 36.4% below the Manufacturing - Apparel & Accessories industry median of 53.95. Nandan Denim's overall GF Score™ is 83/100 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 Nandan Denim (NSE:NDL), the current Days Payable is 34.32 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 Nandan Denim (NSE:NDL) Overvalued in 2026?
Based on GuruFocus' analysis, Nandan Denim stock appears to be undervalued.
The current stock price of ₹2.33 is trading 36% below its estimated GF Value™ of ₹3.64.
GuruFocus considers Nandan Denim to be Significantly Undervalued.
Key valuation signals for NSE:NDL:
Days Payable: 34.32 (15% below median its 10-year median of 40.39)
GF Value™: ₹3.64 vs. price of ₹2.33 (36% below fair value)
Industry Position: 36.4% below the Manufacturing - Apparel & Accessories median (#675 of 1012)
No single metric tells the full story. See the NSE:NDL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nandan Denim Ltd is engaged in the manufacturing and sale of fabrics. Its product portfolio includes Regular Basic denim, Knit denim, Smart Casuals, Textured, Organic Cotton yarn, Blended yarn, and others. The majority of its revenue is generated from the Indian market and it also exports its products to other countries.
83GF Score
Get the complete analysis for NSE:NDL
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:NDL has been successfully added to your 
