Shiva TexyarnNSE:SHIVATEX +6.82%70 Days Payable is 24.02 as of Mar. 2026, which is 39% below its 10-year median of 39.48. GuruFocus rates NSE:SHIVATEX with a GF Score™ of 70/100 and a GF Value™ of ₹185.33 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,012 Manufacturing - Apparel & Accessories companies, Shiva Texyarn ranks worse than 65.32% on this metric.
The historical rank and industry rank for Shiva Texyarn's Days Payable or its related term are showing as below:
NSE:SHIVATEX'
s Days Payable Range Over the Past 10 Years
Min: 20.74 Med: 39.48 Max: 49.82
Current: 38.42
During the past 13 years, Shiva Texyarn's highest Days Payable was 49.82. The lowest was 20.74. And the median was 39.48.
NSE:SHIVATEX's Days Payable is ranked worse than 65.32% of 1012
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.945
vs NSE:SHIVATEX: 38.42
Shiva Texyarn's Days Payable
declined
from Mar. 2025 (47.16) to Mar. 2026 (24.02).
It may suggest that Shiva Texyarnaccelerated paying its suppliers.
Shiva Texyarn Days Payable Related Terms
Shiva Texyarn Days Payable Historical Data
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The historical data trend for Shiva Texyarn'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 Texyarn'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 Texyarn Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shiva Texyarn's Days Payable distribution charts can be found below:
* The bar in red indicates where Shiva Texyarn'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 Texyarn'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 Texyarn (NSE:SHIVATEX) has a Days Payable of 24.02 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 Texyarn and its competitors. This is 39% below median its historical median of 39.48. Over the past decade, Shiva Texyarn's Days Payable has ranged from 20.74 to 49.82. According to the industry distribution chart, Shiva Texyarn ranks #661 out of 1012 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 65.3%.
Is Shiva Texyarn's Days Payable too high?
Shiva Texyarn's current Days Payable of 24.02 is 39% below median its 10-year median of 39.48. Over the past 10 years, this metric has ranged from a low of 20.74 to a high of 49.82. The Manufacturing - Apparel & Accessories industry median Days Payable is 53.95. Shiva Texyarn's value of 24.02 is 55.5% below this industry median. Based on the distribution chart, Shiva Texyarn ranks #661 out of 1012 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Shiva Texyarn has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shiva Texyarn's Days Payable compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Shiva Texyarn ranks #661 out of 1012 companies for Days Payable. This places Shiva Texyarn in the lower half of its industry. The industry median Days Payable is 53.95. Shiva Texyarn's value of 24.02 is 55.5% below this benchmark. Historically, Shiva Texyarn's own Days Payable has ranged from 20.74 to 49.82 over the past decade. While the company's 10-year median is 39.48 vs. the industry median of 53.95, Shiva Texyarn 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 53.95, based on 1,012 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 Texyarn's current Days Payable of 24.02 is 55.5% 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 Texyarn and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 53.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shiva Texyarn's current Days Payable is 24.02, which is 39% below median its own 10-year median of 39.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shiva Texyarn stock overvalued right now?
Based on GuruFocus' analysis, Shiva Texyarn (NSE:SHIVATEX) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹185.33, compared to a current price of ₹153.03 — trading 17.4% below its estimated fair value. The current Days Payable is 24.02, which is 39% below median its 10-year median of 39.48 and 55.5% below the Manufacturing - Apparel & Accessories industry median of 53.95. Shiva Texyarn's overall GF Score™ is 70/100 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 Shiva Texyarn (NSE:SHIVATEX), the current Days Payable is 24.02 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 Texyarn (NSE:SHIVATEX) Overvalued in 2026?
Based on GuruFocus' analysis, Shiva Texyarn stock appears to be undervalued.
The current stock price of ₹153.03 is trading 17.4% below its estimated GF Value™ of ₹185.33.
GuruFocus considers Shiva Texyarn to be Modestly Undervalued.
Key valuation signals for NSE:SHIVATEX:
Days Payable: 24.02 (39% below median its 10-year median of 39.48)
GF Value™: ₹185.33 vs. price of ₹153.03 (17.4% below fair value)
Industry Position: 55.5% below the Manufacturing - Apparel & Accessories median (#661 of 1012)
No single metric tells the full story. See the NSE:SHIVATEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shiva Texyarn Ltd is engaged in the manufacturing of yarn and technical textile products like coated and laminated fabrics, garments, and other value-added products. The company's products are marketed through brands like Quick Dry, Quick Fit, Q Club, Stylfin, Paw Paw, and Indishape. Geographically, it derives maximum revenue from India, and also exports its products to other markets.
70GF Score
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