Refractory Shapes (NSE:REFRACTORY) Days Payable: 33.98 (As of Mar. 2025)


NSE:REFRACTORY Refractory Shapes Ltd NSE:REFRACTORY
17 GF Score
Price ₹30.50
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What is Refractory Shapes Days Payable?

Refractory Shapes NSE:REFRACTORY -1.61% 17 Days Payable is 33.98 as of Mar. 2025. GuruFocus rates NSE:REFRACTORY with a GF Score™ of 17/100. Among 394 Building Materials companies, Refractory Shapes ranks worse than 69.04% on this metric.

Refractory Shapes's average Accounts Payable for the six months ended in Mar. 2025 was ₹48.8 Mil. Refractory Shapes's Cost of Goods Sold for the six months ended in Mar. 2025 was ₹262.0 Mil. Hence, Refractory Shapes's Days Payable for the six months ended in Mar. 2025 was 33.98.

The historical rank and industry rank for Refractory Shapes's Days Payable or its related term are showing as below:

NSE:REFRACTORY's Days Payable is not ranked *
in the Building Materials industry.
Industry Median: 69.885
* Ranked among companies with meaningful Days Payable only.

Refractory Shapes's Days Payable declined from Mar. 2024 (94.88) to Mar. 2025 (33.98). It may suggest that Refractory Shapes accelerated paying its suppliers.

Refractory Shapes Days Payable Historical Data

* Premium members only.

The historical data trend for Refractory Shapes'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.

Refractory Shapes Days Payable Chart

Refractory Shapes Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Days Payable
42.63 86.58 117.57 115.89 51.57

Refractory Shapes Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25
Days Payable Get a 7-Day Free Trial 0.00 188.77 94.88 70.87 33.98

NSE:REFRACTORY vs CRH, VMC, MLM: Days Payable Comparison

For the Building Materials subindustry, Refractory Shapes'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.

Refractory Shapes Days Payable vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Refractory Shapes's Days Payable distribution charts can be found below:

* The bar in red indicates where Refractory Shapes's Days Payable falls into.


NSE:REFRACTORY
17GF Score
Refractory Shapes Ltd NSE:REFRACTORY
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Refractory Shapes Days Payable Calculation

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.

Refractory Shapes's Days Payable for the fiscal year that ended in Mar. 2025 is calculated as

Days Payable (A: Mar. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2024 ) + Accounts Payable (A: Mar. 2025 )) / count ) / Cost of Goods Sold (A: Mar. 2025 )*Days in Period
=( (56.662 + 53.876) / 2 ) / 391.201*365
=55.269 / 391.201*365
=51.57

Refractory Shapes's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

Days Payable (Q: Mar. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2024 ) + Accounts Payable (Q: Mar. 2025 )) / count ) / Cost of Goods Sold (Q: Mar. 2025 )*Days in Period
=( (43.695 + 53.876) / 2 ) / 261.981*365 / 2
=48.7855 / 261.981*365 / 2
=33.98

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 33.98 mean?
Refractory Shapes (NSE:REFRACTORY) has a Days Payable of 33.98 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 Refractory Shapes and its competitors. According to the industry distribution chart, Refractory Shapes ranks #272 out of 394 companies in the Building Materials industry, placing it in the top 69%.
Is Refractory Shapes' Days Payable too high?
Refractory Shapes' current Days Payable is 33.98. The Building Materials industry median Days Payable is 69.89. Refractory Shapes' value of 33.98 is 51.4% below this industry median. Based on the distribution chart, Refractory Shapes ranks #272 out of 394 companies in the Building Materials industry, which is below the industry midpoint. Overall, Refractory Shapes has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Refractory Shapes' Days Payable compare to CRH and VMC?
According to the Building Materials industry distribution chart, Refractory Shapes ranks #272 out of 394 companies for Days Payable. This places Refractory Shapes in the lower half of its industry. The industry median Days Payable is 69.89. Refractory Shapes' value of 33.98 is 51.4% 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 Building Materials company?
The median Days Payable among Building Materials companies is 69.89, based on 394 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. Refractory Shapes's current Days Payable of 33.98 is 51.4% 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 Refractory Shapes and its competitors. For the Building Materials industry, the median Days Payable is 69.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Refractory Shapes's current Days Payable is 33.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Refractory Shapes stock overvalued right now?
Refractory Shapes (NSE:REFRACTORY) has a current Days Payable of 33.98. The current Days Payable is 33.98 and 51.4% below the Building Materials industry median of 69.89. Refractory Shapes' overall GF Score™ is 17/100. 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 Refractory Shapes (NSE:REFRACTORY), the current Days Payable is 33.98 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.

Refractory Shapes Business Description

Address Andheri-Kurla Road, B 201, Rustomjee Central Park Chakala, Andheri (East), Mumbai, MH, IND, 400069
Refractory Shapes Ltd is engaged in the production of special shapes, custom-made refractory shapes, and ceramic balls of low and medium purity with top quality and superior performance. The company manufactures bricks, castables, coating materials, high purity alumina catalyst bed supports, and ceramic balls. It serves industries including steel, refineries, fertilizers, petrochemicals, glass, and cement. The company has an international presence across multiple countries and is known for its quality, skilled workforce, and quality assurance.
17GF Score

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