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The historical rank and industry rank for Newmalayalam Steel's Days Payable or its related term are showing as below:
NSE:NMSTEEL's Days Payable is not ranked *
in the Steel industry.
Industry Median: 41.31 * Ranked among companies with meaningful Days Payable only.
Newmalayalam Steel's Days Payable
increased
from Mar. 2024 (0.00) to Mar. 2025 (20.13).
It may suggest that Newmalayalam Steeldelayed paying its suppliers.
The historical data trend for Newmalayalam Steel'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.
Newmalayalam Steel Days Payable Chart
Newmalayalam Steel Annual Data
Trend
Mar22
Mar23
Mar24
Mar25
Days Payable
7.32
12.81
16.76
9.59
Newmalayalam Steel Semi-Annual Data
Mar22
Mar23
Mar24
Sep24
Mar25
Days Payable
0.00
0.00
0.00
16.15
20.13
NSE:NMSTEEL vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, Newmalayalam Steel'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.
Newmalayalam Steel Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Newmalayalam Steel's Days Payable distribution charts can be found below:
* The bar in red indicates where Newmalayalam Steel'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.
Newmalayalam Steel's Days Payable for the fiscal year that ended in Mar. 2025 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.
Newmalayalam Steel (NSE:NMSTEEL) has a Days Payable of 20.13 as of Mar. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Newmalayalam Steel and its competitors.
Is Newmalayalam Steel's Days Payable too high?
Newmalayalam Steel's current Days Payable is 20.13. The Steel industry median Days Payable is 41.31. Newmalayalam Steel's value of 20.13 is 51.3% below this industry median. Overall, Newmalayalam Steel has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Newmalayalam Steel's Days Payable compare to NUE and STLD?
Newmalayalam Steel's Days Payable of 20.13 can be compared against companies in the Steel industry. The industry median Days Payable is 41.31. Newmalayalam Steel's value of 20.13 is 51.3% below this benchmark. 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 Steel company?
The median Days Payable among Steel companies is 41.31, based on 598 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. Newmalayalam Steel's current Days Payable of 20.13 is 51.3% 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 Newmalayalam Steel and its competitors. For the Steel industry, the median Days Payable is 41.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Newmalayalam Steel's current Days Payable is 20.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newmalayalam Steel stock overvalued right now?
Newmalayalam Steel (NSE:NMSTEEL) has a current Days Payable of 20.13. The current Days Payable is 20.13 and 51.3% below the Steel industry median of 41.31. Newmalayalam Steel's overall GF Score™ is 13/100. 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 Newmalayalam Steel (NSE:NMSTEEL), the current Days Payable is 20.13 as of Mar. 2025. 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.
Newmalayalam Steel Ltd is engaged in the manufacturing of galvanized pipes, tubes, and sheets. The Galvanized pipes and tubes are used for building roofs to reduce heat and avoid leakage, further, the galvanization process offers an added advantage of increasing the life of the product and enhancing its quality by making it rust-free. Its products are therefore manufactured to provide an effective solution to the continuous damage caused to houses in Kerala on account of inclement weather conditions.
13GF Score
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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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