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Nitiraj EngineersNSE:NITIRAJ +0.73%55 Days Payable is 19.91 as of Jun. 2026, which is 15% below its 10-year median of 23.48. GuruFocus rates NSE:NITIRAJ with a GF Score™ of 55/100 and a GF Value™ of ₹141.59 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,438 Hardware companies, Nitiraj Engineers ranks worse than 85.19% on this metric.
The historical rank and industry rank for Nitiraj Engineers's Days Payable or its related term are showing as below:
NSE:NITIRAJ'
s Days Payable Range Over the Past 10 Years
Min: 14.95 Med: 23.48 Max: 49.43
Current: 32.36
During the past 13 years, Nitiraj Engineers's highest Days Payable was 49.43. The lowest was 14.95. And the median was 23.48.
NSE:NITIRAJ's Days Payable is ranked worse than 85.19% of 2438
companies
in the Hardware industry
Industry Median: 70.065
vs NSE:NITIRAJ: 32.36
Nitiraj Engineers's Days Payable
declined
from Jun. 2025 (37.86) to Jun. 2026 (19.91).
It may suggest that Nitiraj Engineersaccelerated paying its suppliers.
The historical data trend for Nitiraj Engineers'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:NITIRAJ vs GRMN, COHR, KEYS: Days Payable Comparison
For the Scientific & Technical Instruments subindustry, Nitiraj Engineers'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.
Nitiraj Engineers Days Payable vs Hardware Industry
For the Hardware industry and Technology sector, Nitiraj Engineers's Days Payable distribution charts can be found below:
* The bar in red indicates where Nitiraj Engineers'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.
Nitiraj Engineers'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.
Nitiraj Engineers (NSE:NITIRAJ) has a Days Payable of 19.91 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Nitiraj Engineers and its competitors. This is 15% below median its historical median of 23.48. Over the past decade, Nitiraj Engineers' Days Payable has ranged from 14.95 to 49.43. According to the industry distribution chart, Nitiraj Engineers ranks #2077 out of 2438 companies in the Hardware industry, placing it in the top 85.2%.
Is Nitiraj Engineers' Days Payable too high?
Nitiraj Engineers' current Days Payable of 19.91 is 15% below median its 10-year median of 23.48. Over the past 10 years, this metric has ranged from a low of 14.95 to a high of 49.43. The Hardware industry median Days Payable is 70.07. Nitiraj Engineers' value of 19.91 is 71.6% below this industry median. Based on the distribution chart, Nitiraj Engineers ranks #2077 out of 2438 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Nitiraj Engineers has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nitiraj Engineers' Days Payable compare to GRMN and COHR?
According to the Hardware industry distribution chart, Nitiraj Engineers ranks #2077 out of 2438 companies for Days Payable. This places Nitiraj Engineers in the lower half of its industry. The industry median Days Payable is 70.07. Nitiraj Engineers' value of 19.91 is 71.6% below this benchmark. Historically, Nitiraj Engineers' own Days Payable has ranged from 14.95 to 49.43 over the past decade. While the company's 10-year median is 23.48 vs. the industry median of 70.07, Nitiraj Engineers 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 Hardware company?
The median Days Payable among Hardware companies is 70.07, based on 2,438 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. Nitiraj Engineers's current Days Payable of 19.91 is 71.6% 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 Nitiraj Engineers and its competitors. For the Hardware industry, the median Days Payable is 70.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitiraj Engineers's current Days Payable is 19.91, which is 15% below median its own 10-year median of 23.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitiraj Engineers stock overvalued right now?
Based on GuruFocus' analysis, Nitiraj Engineers (NSE:NITIRAJ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹141.59, compared to a current price of ₹205.13 — trading 44.9% above its estimated fair value. The current Days Payable is 19.91, which is 15% below median its 10-year median of 23.48 and 71.6% below the Hardware industry median of 70.07. Nitiraj Engineers' overall GF Score™ is 55/100 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 Nitiraj Engineers (NSE:NITIRAJ), the current Days Payable is 19.91 as of Jun. 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 Nitiraj Engineers (NSE:NITIRAJ) Overvalued in 2026?
Based on GuruFocus' analysis, Nitiraj Engineers stock appears to be overvalued.
The current stock price of ₹205.13 is trading 44.9% above its estimated GF Value™ of ₹141.59.
GuruFocus considers Nitiraj Engineers to be Significantly Overvalued.
Key valuation signals for NSE:NITIRAJ:
Days Payable: 19.91 (15% below median its 10-year median of 23.48)
GF Value™: ₹141.59 vs. price of ₹205.13 (44.9% above fair value)
Industry Position: 71.6% below the Hardware median (#2077 of 2438)
No single metric tells the full story. See the NSE:NITIRAJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nitiraj Engineers Ltd offers measuring and counting devices in India. It operates in five broad segments, i.e., Electronic Weighing Scales and Systems, Electronic Currency Counting Machines, and Digital Fare Meters, Home and Hotel Automation, and Mechanical Scales. The company generates maximum revenue from the Electronic Weighing Scales and Systems segment. Its diverse product portfolio caters to various sectors such as industrial, commercial, jewellery, healthcare, household, automobile, and home and hotel. Geographically, it derives a majority of its revenue from India.
55GF Score
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