Oil & Natural GasNSE:ONGC +0.80%92 Days Payable is 38.57 as of Mar. 2026, which is 16% above its 10-year median of 33.15. GuruFocus rates NSE:ONGC with a GF Score™ of 92/100 and a GF Value™ of ₹270.12 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 851 Oil & Gas companies, Oil & Natural Gas ranks worse than 70.62% on this metric.
The historical rank and industry rank for Oil & Natural Gas's Days Payable or its related term are showing as below:
NSE:ONGC'
s Days Payable Range Over the Past 10 Years
Min: 26.84 Med: 33.15 Max: 48.18
Current: 34.35
During the past 13 years, Oil & Natural Gas's highest Days Payable was 48.18. The lowest was 26.84. And the median was 33.15.
NSE:ONGC's Days Payable is ranked worse than 70.62% of 851
companies
in the Oil & Gas industry
Industry Median: 57.95
vs NSE:ONGC: 34.35
Oil & Natural Gas's Days Payable
increased
from Mar. 2025 (30.93) to Mar. 2026 (38.57).
It may suggest that Oil & Natural Gasdelayed paying its suppliers.
Oil & Natural Gas Days Payable Related Terms
Oil & Natural Gas Days Payable Historical Data
* Premium members only.
The historical data trend for Oil & Natural Gas'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 Oil & Gas Integrated subindustry, Oil & Natural Gas'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.
Oil & Natural Gas Days Payable vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Oil & Natural Gas's Days Payable distribution charts can be found below:
* The bar in red indicates where Oil & Natural Gas'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.
Oil & Natural Gas'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.
Oil & Natural Gas (NSE:ONGC) has a Days Payable of 38.57 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 Oil & Natural Gas and its competitors. This is 16% above median its historical median of 33.15. Over the past decade, Oil & Natural Gas' Days Payable has ranged from 26.84 to 48.18. According to the industry distribution chart, Oil & Natural Gas ranks #601 out of 851 companies in the Oil & Gas industry, placing it in the top 70.6%.
Is Oil & Natural Gas' Days Payable too high?
Oil & Natural Gas' current Days Payable of 38.57 is 16% above median its 10-year median of 33.15. Over the past 10 years, this metric has ranged from a low of 26.84 to a high of 48.18. The Oil & Gas industry median Days Payable is 57.95. Oil & Natural Gas' value of 38.57 is 33.4% below this industry median. Based on the distribution chart, Oil & Natural Gas ranks #601 out of 851 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Oil & Natural Gas has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Oil & Natural Gas' Days Payable compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Oil & Natural Gas ranks #601 out of 851 companies for Days Payable. This places Oil & Natural Gas in the lower half of its industry. The industry median Days Payable is 57.95. Oil & Natural Gas' value of 38.57 is 33.4% below this benchmark. Historically, Oil & Natural Gas' own Days Payable has ranged from 26.84 to 48.18 over the past decade. While the company's 10-year median is 33.15 vs. the industry median of 57.95, Oil & Natural Gas 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 an Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.95, based on 851 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. Oil & Natural Gas's current Days Payable of 38.57 is 33.4% 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 Oil & Natural Gas and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oil & Natural Gas's current Days Payable is 38.57, which is 16% above median its own 10-year median of 33.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oil & Natural Gas stock overvalued right now?
Based on GuruFocus' analysis, Oil & Natural Gas (NSE:ONGC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹270.12, compared to a current price of ₹237.84 — trading 12% below its estimated fair value. The current Days Payable is 38.57, which is 16% above median its 10-year median of 33.15 and 33.4% below the Oil & Gas industry median of 57.95. Oil & Natural Gas' overall GF Score™ is 92/100 with 2 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 Oil & Natural Gas (NSE:ONGC), the current Days Payable is 38.57 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 Oil & Natural Gas (NSE:ONGC) Overvalued in 2026?
Based on GuruFocus' analysis, Oil & Natural Gas stock appears to be undervalued.
The current stock price of ₹237.84 is trading 12% below its estimated GF Value™ of ₹270.12.
GuruFocus considers Oil & Natural Gas to be Modestly Undervalued.
Key valuation signals for NSE:ONGC:
Days Payable: 38.57 (16% above median its 10-year median of 33.15)
GF Value™: ₹270.12 vs. price of ₹237.84 (12% below fair value)
Industry Position: 33.4% below the Oil & Gas median (#601 of 851)
No single metric tells the full story. See the NSE:ONGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oil & Natural Gas Corp Ltd is an Indian-based company. It engaged in the exploration, development, and production of crude oil, natural gas, and value-added products. Along with its subsidiaries, the company operates in the following business segments: Refining and Marketing, which derives maximum revenue, Exploration and Production, and Petrochemicals. Geographically, the group derives maximum revenue from India, from its offshore and onshore activities, and is also involved in exploration and production activities outside India.
92GF Score
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