What is Shri Hare-Krishna Sponge Iron Days Payable?
Shri Hare-Krishna Sponge IronNSE:SHKSIL 31 Days Payable is 20.08 as of Mar. 2026, which is 289% above its 10-year median of 5.16. GuruFocus rates NSE:SHKSIL with a GF Score™ of 31/100. The stock has 7 warning signs investors should review. Among 598 Steel companies, Shri Hare-Krishna Sponge Iron ranks worse than 86.45% on this metric.
* 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.
NSE:SHKSIL vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, Shri Hare-Krishna Sponge Iron'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.
Shri Hare-Krishna Sponge Iron Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Shri Hare-Krishna Sponge Iron's Days Payable distribution charts can be found below:
* The bar in red indicates where Shri Hare-Krishna Sponge Iron's Days Payable falls into.
Shri Hare-Krishna Sponge Iron 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.
* 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.
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) has a Days Payable of 20.08 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 Shri Hare-Krishna Sponge Iron and its competitors. This is 289% above median its historical median of 5.16. Over the past decade, Shri Hare-Krishna Sponge Iron's Days Payable has ranged from 4.08 to 13.62. According to the industry distribution chart, Shri Hare-Krishna Sponge Iron ranks #517 out of 598 companies in the Steel industry, placing it in the top 86.5%.
Is Shri Hare-Krishna Sponge Iron's Days Payable too high?
Shri Hare-Krishna Sponge Iron's current Days Payable of 20.08 is 289% above median its 10-year median of 5.16. Over the past 10 years, this metric has ranged from a low of 4.08 to a high of 13.62. The Steel industry median Days Payable is 41.39. Shri Hare-Krishna Sponge Iron's value of 20.08 is 51.5% below this industry median. Based on the distribution chart, Shri Hare-Krishna Sponge Iron ranks #517 out of 598 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Shri Hare-Krishna Sponge Iron has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Shri Hare-Krishna Sponge Iron's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Shri Hare-Krishna Sponge Iron ranks #517 out of 598 companies for Days Payable. This places Shri Hare-Krishna Sponge Iron in the lower half of its industry. The industry median Days Payable is 41.39. Shri Hare-Krishna Sponge Iron's value of 20.08 is 51.5% below this benchmark. Historically, Shri Hare-Krishna Sponge Iron's own Days Payable has ranged from 4.08 to 13.62 over the past decade. While the company's 10-year median is 5.16 vs. the industry median of 41.39, Shri Hare-Krishna Sponge Iron 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 Steel company?
The median Days Payable among Steel companies is 41.39, based on 598 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. Shri Hare-Krishna Sponge Iron's current Days Payable of 20.08 is 51.5% 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 Shri Hare-Krishna Sponge Iron and its competitors. For the Steel industry, the median Days Payable is 41.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shri Hare-Krishna Sponge Iron's current Days Payable is 20.08, which is 289% above median its own 10-year median of 5.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shri Hare-Krishna Sponge Iron stock overvalued right now?
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) has a current Days Payable of 20.08. The current Days Payable is 20.08, which is 289% above median its 10-year median of 5.16 and 51.5% below the Steel industry median of 41.39. Shri Hare-Krishna Sponge Iron's overall GF Score™ is 31/100 with 7 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 Shri Hare-Krishna Sponge Iron (NSE:SHKSIL), the current Days Payable is 20.08 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.
Shri Hare-Krishna Sponge Iron Business Description
Shri Hare-Krishna Sponge Iron Ltd is engaged in the business of manufacturing and selling of Sponge Iron. Sponge iron is mainly used as a raw material for steel production in electric arc furnaces and induction furnaces. Through its sponge iron business, it caters to the metallic requirements of steel producers in selected geographies.
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