Shanti Gold International (NSE:SHANTIGOLD) Days Payable: 1.58 (As of Mar. 2026) — 48% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:SHANTIGOLD Shanti Gold International Ltd NSE:SHANTIGOLD
18 GF Score
Price ₹211.29
! 3 Warning Signs
View Full Analysis

What is Shanti Gold International Days Payable?

Shanti Gold International NSE:SHANTIGOLD +1.99% 18 Days Payable is 1.58 as of Mar. 2026, which is 48% below its 10-year median of 3.02. GuruFocus rates NSE:SHANTIGOLD with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 1,105 Retail - Cyclical companies, Shanti Gold International ranks worse than 97.74% on this metric.

Shanti Gold International's average Accounts Payable for the three months ended in Mar. 2026 was ₹101 Mil. Shanti Gold International's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹5,848 Mil. Hence, Shanti Gold International's Days Payable for the three months ended in Mar. 2026 was 1.58.

The historical rank and industry rank for Shanti Gold International's Days Payable or its related term are showing as below:

NSE:SHANTIGOLD' s Days Payable Range Over the Past 10 Years
Min: 1.64   Med: 3.02   Max: 6.97
Current: 1.85

During the past 5 years, Shanti Gold International's highest Days Payable was 6.97. The lowest was 1.64. And the median was 3.02.

NSE:SHANTIGOLD's Days Payable is ranked worse than
97.74% of 1105 companies
in the Retail - Cyclical industry
Industry Median: 51.29 vs NSE:SHANTIGOLD: 1.85

Shanti Gold International's Days Payable declined from Dec. 2024 (3.13) to Mar. 2026 (1.58). It may suggest that Shanti Gold International accelerated paying its suppliers.


Shanti Gold International Days Payable Historical Data

* Premium members only.

The historical data trend for Shanti Gold International'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.

Shanti Gold International Days Payable Chart

Shanti Gold International Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
6.97 4.07 3.02 1.92 1.64

Shanti Gold International Quarterly Data
Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only 3.13 2.04 1.62 1.10 1.58

NSE:SHANTIGOLD vs TPR: Days Payable Comparison

For the Luxury Goods subindustry, Shanti Gold International'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.


Shanti Gold International Days Payable vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Shanti Gold International's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanti Gold International's Days Payable falls into.


NSE:SHANTIGOLD
18GF Score
Shanti Gold International Ltd NSE:SHANTIGOLD
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanti Gold International 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.

Shanti Gold International's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (60.67 + 101.3) / 2 ) / 17996.32*365
=80.985 / 17996.32*365
=1.64

Shanti Gold International's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (0 + 101.3) / 1 ) / 5848.26*365 / 4
=101.3 / 5848.26*365 / 4
=1.58

* 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 1.58 mean?
Shanti Gold International (NSE:SHANTIGOLD) has a Days Payable of 1.58 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 Shanti Gold International and its competitors. This is 48% below median its historical median of 3.02. Over the past decade, Shanti Gold International's Days Payable has ranged from 1.64 to 6.97. According to the industry distribution chart, Shanti Gold International ranks #1080 out of 1105 companies in the Retail - Cyclical industry, placing it in the top 97.7%.
Is Shanti Gold International's Days Payable too high?
Shanti Gold International's current Days Payable of 1.58 is 48% below median its 10-year median of 3.02. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 6.97. The Retail - Cyclical industry median Days Payable is 51.29. Shanti Gold International's value of 1.58 is 96.9% below this industry median. Based on the distribution chart, Shanti Gold International ranks #1080 out of 1105 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Shanti Gold International has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Shanti Gold International's Days Payable compare to TPR?
According to the Retail - Cyclical industry distribution chart, Shanti Gold International ranks #1080 out of 1105 companies for Days Payable. This places Shanti Gold International in the lower half of its industry. The industry median Days Payable is 51.29. Shanti Gold International's value of 1.58 is 96.9% below this benchmark. Historically, Shanti Gold International's own Days Payable has ranged from 1.64 to 6.97 over the past decade. While the company's 10-year median is 3.02 vs. the industry median of 51.29, Shanti Gold International 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 Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 51.29, based on 1,105 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. Shanti Gold International's current Days Payable of 1.58 is 96.9% 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 Shanti Gold International and its competitors. For the Retail - Cyclical industry, the median Days Payable is 51.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanti Gold International's current Days Payable is 1.58, which is 48% below median its own 10-year median of 3.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanti Gold International stock overvalued right now?
Shanti Gold International (NSE:SHANTIGOLD) has a current Days Payable of 1.58. The current Days Payable is 1.58, which is 48% below median its 10-year median of 3.02 and 96.9% below the Retail - Cyclical industry median of 51.29. Shanti Gold International's overall GF Score™ is 18/100 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 Shanti Gold International (NSE:SHANTIGOLD), the current Days Payable is 1.58 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.

Shanti Gold International Business Description

Other Exchanges 544459:India
Address Marol Industrial Area, Road No.-1, Plot No A-51, 2nd Floor to 7th Floor, MIDC, Near Tunga International Hotel, Andheri East, Chakala MIDC, Mumbai, MH, IND, 400093
Shanti Gold International Ltd is one of the manufacturers of high-quality 22kt CZ casting gold jewellery, specializing in the design and production of all types of gold jewellery. The Company offers a wide range of high-quality, intricately designed pieces, including bangles, rings, necklaces, and complete jewellery sets across various price points ranging from jewellery for special occasions, such as weddings to festive and daily-wear jewellery.
18GF Score

Get the complete analysis for NSE:SHANTIGOLD

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹211.29
Price