Shringar House Of Mangalsutra (NSE:SHRINGARMS) Days Payable: 1.28 (As of Mar. 2026) — 62% Below Median

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NSE:SHRINGARMS Shringar House Of Mangalsutra Ltd NSE:SHRINGARMS
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What is Shringar House Of Mangalsutra Days Payable?

Shringar House Of Mangalsutra NSE:SHRINGARMS -0.10% 30 Days Payable is 1.28 as of Mar. 2026, which is 62% below its 10-year median of 3.37. GuruFocus rates NSE:SHRINGARMS with a GF Score™ of 30/100. The stock has 4 warning signs investors should review. Among 1,099 Retail - Cyclical companies, Shringar House Of Mangalsutra ranks worse than 95% on this metric.

Shringar House Of Mangalsutra's average Accounts Payable for the three months ended in Mar. 2026 was ₹93 Mil. Shringar House Of Mangalsutra's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹6,610 Mil. Hence, Shringar House Of Mangalsutra's Days Payable for the three months ended in Mar. 2026 was 1.28.

The historical rank and industry rank for Shringar House Of Mangalsutra's Days Payable or its related term are showing as below:

NSE:SHRINGARMS' s Days Payable Range Over the Past 10 Years
Min: 2.04   Med: 3.37   Max: 7.32
Current: 4.76

During the past 5 years, Shringar House Of Mangalsutra's highest Days Payable was 7.32. The lowest was 2.04. And the median was 3.37.

NSE:SHRINGARMS's Days Payable is ranked worse than
95% of 1099 companies
in the Retail - Cyclical industry
Industry Median: 51.88 vs NSE:SHRINGARMS: 4.76

Shringar House Of Mangalsutra's Days Payable declined from Dec. 2024 (11.23) to Mar. 2026 (1.28). It may suggest that Shringar House Of Mangalsutra accelerated paying its suppliers.


Shringar House Of Mangalsutra Days Payable Historical Data

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The historical data trend for Shringar House Of Mangalsutra'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.

Shringar House Of Mangalsutra Days Payable Chart

Shringar House Of Mangalsutra Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
3.37 2.04 2.15 7.32 4.73

Shringar House Of Mangalsutra Quarterly Data
Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only 11.23 12.31 5.57 2.36 1.28

NSE:SHRINGARMS vs TPR: Days Payable Comparison

For the Luxury Goods subindustry, Shringar House Of Mangalsutra'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.


Shringar House Of Mangalsutra Days Payable vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Shringar House Of Mangalsutra's Days Payable distribution charts can be found below:

* The bar in red indicates where Shringar House Of Mangalsutra's Days Payable falls into.


NSE:SHRINGARMS
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Shringar House Of Mangalsutra Ltd NSE:SHRINGARMS
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Shringar House Of Mangalsutra 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.

Shringar House Of Mangalsutra'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
=( (434.85 + 92.66) / 2 ) / 20337.49*365
=263.755 / 20337.49*365
=4.73

Shringar House Of Mangalsutra'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 + 92.66) / 1 ) / 6610.49*365 / 4
=92.66 / 6610.49*365 / 4
=1.28

* 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 1.28 mean?
Shringar House Of Mangalsutra (NSE:SHRINGARMS) has a Days Payable of 1.28 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 Shringar House Of Mangalsutra and its competitors. This is 62% below median its historical median of 3.37. Over the past decade, Shringar House Of Mangalsutra's Days Payable has ranged from 2.04 to 7.32. According to the industry distribution chart, Shringar House Of Mangalsutra ranks #1044 out of 1099 companies in the Retail - Cyclical industry, placing it in the top 95%.
Is Shringar House Of Mangalsutra's Days Payable too high?
Shringar House Of Mangalsutra's current Days Payable of 1.28 is 62% below median its 10-year median of 3.37. Over the past 10 years, this metric has ranged from a low of 2.04 to a high of 7.32. The Retail - Cyclical industry median Days Payable is 51.88. Shringar House Of Mangalsutra's value of 1.28 is 97.5% below this industry median. Based on the distribution chart, Shringar House Of Mangalsutra ranks #1044 out of 1099 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Shringar House Of Mangalsutra has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Shringar House Of Mangalsutra's Days Payable compare to TPR?
According to the Retail - Cyclical industry distribution chart, Shringar House Of Mangalsutra ranks #1044 out of 1099 companies for Days Payable. This places Shringar House Of Mangalsutra in the lower half of its industry. The industry median Days Payable is 51.88. Shringar House Of Mangalsutra's value of 1.28 is 97.5% below this benchmark. Historically, Shringar House Of Mangalsutra's own Days Payable has ranged from 2.04 to 7.32 over the past decade. While the company's 10-year median is 3.37 vs. the industry median of 51.88, Shringar House Of Mangalsutra 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 51.88, based on 1,099 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. Shringar House Of Mangalsutra's current Days Payable of 1.28 is 97.5% 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 Shringar House Of Mangalsutra and its competitors. For the Retail - Cyclical industry, the median Days Payable is 51.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shringar House Of Mangalsutra's current Days Payable is 1.28, which is 62% below median its own 10-year median of 3.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shringar House Of Mangalsutra stock overvalued right now?
Shringar House Of Mangalsutra (NSE:SHRINGARMS) has a current Days Payable of 1.28. The current Days Payable is 1.28, which is 62% below median its 10-year median of 3.37 and 97.5% below the Retail - Cyclical industry median of 51.88. Shringar House Of Mangalsutra's overall GF Score™ is 30/100 with 4 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 Shringar House Of Mangalsutra (NSE:SHRINGARMS), the current Days Payable is 1.28 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.

Shringar House Of Mangalsutra Business Description

Other Exchanges 544512:India
Address 175, Kalbadevi Road, Unit No. B-1, Lower Ground Floor, Jewel World Cotton Exchange Building, Bhuleshwar, Mumbai, MH, IND, 400 002
Shringar House Of Mangalsutra Ltd is amongst the specialised designers and manufacturers of Mangalsutra in India. It is engaged in designing, manufacturing, and marketing, a varied range of Mangalsutra studded with diverse range of stones including but not limited to, American diamond, cubic zirconia, pearl, mother of pearl, and semi-precious stones, in 18k and 22k purity of gold, to its business-to-business (B2B) clients. The company sells Its products to a diverse range of clients including Corporate Clients, wholesale jewellers, and retailers across the country, more particularly in twenty-four (24) states and four (4) union territories.
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