Race Eco ChainNSE:RACE -0.16%76 Days Payable is 15.11 as of Mar. 2026, which is 20% below its 10-year median of 18.87. GuruFocus rates NSE:RACE with a GF Score™ of 76/100 and a GF Value™ of ₹559.72 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 233 Waste Management companies, Race Eco Chain ranks worse than 86.7% on this metric.
The historical rank and industry rank for Race Eco Chain's Days Payable or its related term are showing as below:
NSE:RACE'
s Days Payable Range Over the Past 10 Years
Min: 4.23 Med: 18.87 Max: 129.37
Current: 19.5
During the past 13 years, Race Eco Chain's highest Days Payable was 129.37. The lowest was 4.23. And the median was 18.87.
NSE:RACE's Days Payable is ranked worse than 86.7% of 233
companies
in the Waste Management industry
Industry Median: 63.69
vs NSE:RACE: 19.50
Race Eco Chain's Days Payable
declined
from Mar. 2025 (17.41) to Mar. 2026 (15.11).
It may suggest that Race Eco Chainaccelerated paying its suppliers.
Race Eco Chain Days Payable Related Terms
Race Eco Chain Days Payable Historical Data
* Premium members only.
The historical data trend for Race Eco Chain'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 Waste Management subindustry, Race Eco Chain'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.
Race Eco Chain Days Payable vs Waste Management Industry
For the Waste Management industry and Industrials sector, Race Eco Chain's Days Payable distribution charts can be found below:
* The bar in red indicates where Race Eco Chain'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.
Race Eco Chain'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.
Race Eco Chain (NSE:RACE) has a Days Payable of 15.11 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 Race Eco Chain and its competitors. This is 20% below median its historical median of 18.87. Over the past decade, Race Eco Chain's Days Payable has ranged from 4.23 to 129.37. According to the industry distribution chart, Race Eco Chain ranks #202 out of 233 companies in the Waste Management industry, placing it in the top 86.7%.
Is Race Eco Chain's Days Payable too high?
Race Eco Chain's current Days Payable of 15.11 is 20% below median its 10-year median of 18.87. Over the past 10 years, this metric has ranged from a low of 4.23 to a high of 129.37. The Waste Management industry median Days Payable is 63.69. Race Eco Chain's value of 15.11 is 76.3% below this industry median. Based on the distribution chart, Race Eco Chain ranks #202 out of 233 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Race Eco Chain has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Race Eco Chain's Days Payable compare to WM and RSG?
According to the Waste Management industry distribution chart, Race Eco Chain ranks #202 out of 233 companies for Days Payable. This places Race Eco Chain in the lower half of its industry. The industry median Days Payable is 63.69. Race Eco Chain's value of 15.11 is 76.3% below this benchmark. Historically, Race Eco Chain's own Days Payable has ranged from 4.23 to 129.37 over the past decade. While the company's 10-year median is 18.87 vs. the industry median of 63.69, Race Eco Chain 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 Waste Management company?
The median Days Payable among Waste Management companies is 63.69, based on 233 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. Race Eco Chain's current Days Payable of 15.11 is 76.3% 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 Race Eco Chain and its competitors. For the Waste Management industry, the median Days Payable is 63.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Race Eco Chain's current Days Payable is 15.11, which is 20% below median its own 10-year median of 18.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Race Eco Chain stock overvalued right now?
Based on GuruFocus' analysis, Race Eco Chain (NSE:RACE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹559.72, compared to a current price of ₹111.21 — trading 80.1% below its estimated fair value. The current Days Payable is 15.11, which is 20% below median its 10-year median of 18.87 and 76.3% below the Waste Management industry median of 63.69. Race Eco Chain's overall GF Score™ is 76/100 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 Race Eco Chain (NSE:RACE), the current Days Payable is 15.11 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 Race Eco Chain (NSE:RACE) Overvalued in 2026?
Based on GuruFocus' analysis, Race Eco Chain stock appears to be undervalued.
The current stock price of ₹111.21 is trading 80.1% below its estimated GF Value™ of ₹559.72.
GuruFocus considers Race Eco Chain to be Significantly Undervalued.
Key valuation signals for NSE:RACE:
Days Payable: 15.11 (20% below median its 10-year median of 18.87)
GF Value™: ₹559.72 vs. price of ₹111.21 (80.1% below fair value)
Industry Position: 76.3% below the Waste Management median (#202 of 233)
No single metric tells the full story. See the NSE:RACE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Race Eco Chain Ltd is engaged in the collection and supply of recyclable waste to recyclers who eventually convert the waste into useful products. It is also involved in the manufacturing of recycled products. The company's segments are Recycle Division; Restore Division; Biomass Division and It Division. It generates the majority of its revenue from the Recycle Division.
76GF Score
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