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Shiva MillsNSE:SHIVAMILLS +0.74%72 Days Payable is 18.07 as of Mar. 2026, which is 15% below its 10-year median of 21.34. GuruFocus rates NSE:SHIVAMILLS with a GF Score™ of 72/100 and a GF Value™ of ₹60.87 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,018 Manufacturing - Apparel & Accessories companies, Shiva Mills ranks worse than 91.16% on this metric.
The historical rank and industry rank for Shiva Mills's Days Payable or its related term are showing as below:
NSE:SHIVAMILLS'
s Days Payable Range Over the Past 10 Years
Min: 10.12 Med: 21.34 Max: 38.95
Current: 14.26
During the past 11 years, Shiva Mills's highest Days Payable was 38.95. The lowest was 10.12. And the median was 21.34.
NSE:SHIVAMILLS's Days Payable is ranked worse than 91.16% of 1018
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.18
vs NSE:SHIVAMILLS: 14.26
Shiva Mills's Days Payable
increased
from Mar. 2025 (17.56) to Mar. 2026 (18.07).
It may suggest that Shiva Millsdelayed paying its suppliers.
Shiva Mills Days Payable Related Terms
Shiva Mills Days Payable Historical Data
* Premium members only.
The historical data trend for Shiva Mills'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 Textile Manufacturing subindustry, Shiva Mills'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.
Shiva Mills Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shiva Mills's Days Payable distribution charts can be found below:
* The bar in red indicates where Shiva Mills'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.
Shiva Mills'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.
Shiva Mills (NSE:SHIVAMILLS) has a Days Payable of 18.07 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 Shiva Mills and its competitors. This is 15% below median its historical median of 21.34. Over the past decade, Shiva Mills' Days Payable has ranged from 10.12 to 38.95. According to the industry distribution chart, Shiva Mills ranks #928 out of 1018 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 91.2%.
Is Shiva Mills' Days Payable too high?
Shiva Mills' current Days Payable of 18.07 is 15% below median its 10-year median of 21.34. Over the past 10 years, this metric has ranged from a low of 10.12 to a high of 38.95. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.18. Shiva Mills' value of 18.07 is 66.6% below this industry median. Based on the distribution chart, Shiva Mills ranks #928 out of 1018 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Shiva Mills has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shiva Mills' Days Payable compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Shiva Mills ranks #928 out of 1018 companies for Days Payable. This places Shiva Mills in the lower half of its industry. The industry median Days Payable is 54.18. Shiva Mills' value of 18.07 is 66.6% below this benchmark. Historically, Shiva Mills' own Days Payable has ranged from 10.12 to 38.95 over the past decade. While the company's 10-year median is 21.34 vs. the industry median of 54.18, Shiva Mills 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.18, based on 1,018 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. Shiva Mills's current Days Payable of 18.07 is 66.6% 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 Shiva Mills and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shiva Mills's current Days Payable is 18.07, which is 15% below median its own 10-year median of 21.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shiva Mills stock overvalued right now?
Based on GuruFocus' analysis, Shiva Mills (NSE:SHIVAMILLS) is currently considered Fairly Valued. The stock's GF Value™ is ₹60.87, compared to a current price of ₹59.80 — trading 1.8% below its estimated fair value. The current Days Payable is 18.07, which is 15% below median its 10-year median of 21.34 and 66.6% below the Manufacturing - Apparel & Accessories industry median of 54.18. Shiva Mills' overall GF Score™ is 72/100 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 Shiva Mills (NSE:SHIVAMILLS), the current Days Payable is 18.07 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 Shiva Mills (NSE:SHIVAMILLS) Overvalued in 2026?
Based on GuruFocus' analysis, Shiva Mills stock appears to be undervalued.
The current stock price of ₹59.80 is trading 1.8% below its estimated GF Value™ of ₹60.87.
GuruFocus considers Shiva Mills to be Fairly Valued.
Key valuation signals for NSE:SHIVAMILLS:
Days Payable: 18.07 (15% below median its 10-year median of 21.34)
GF Value™: ₹60.87 vs. price of ₹59.80 (1.8% below fair value)
Industry Position: 66.6% below the Manufacturing - Apparel & Accessories median (#928 of 1018)
No single metric tells the full story. See the NSE:SHIVAMILLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shiva Mills Ltd is a textile manufacturing company. Its products include cotton yarn, grey fabric, and others. The company operates into a single segment which is Textiles. The company sells its products in the Indian market as well as internationally, but the majority of its revenues are derived from India.
72GF Score
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