Shri TechtexNSE:SHRITECH 72 Days Payable is 10.68 as of Mar. 2026, which is 77% below its 10-year median of 45.81. GuruFocus rates NSE:SHRITECH with a GF Score™ of 72/100 and a GF Value™ of ₹77.92 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,013 Manufacturing - Apparel & Accessories companies, Shri Techtex ranks worse than 90.72% on this metric.
The historical rank and industry rank for Shri Techtex's Days Payable or its related term are showing as below:
NSE:SHRITECH'
s Days Payable Range Over the Past 10 Years
Min: 14.68 Med: 45.81 Max: 114.8
Current: 14.68
During the past 7 years, Shri Techtex's highest Days Payable was 114.80. The lowest was 14.68. And the median was 45.81.
NSE:SHRITECH's Days Payable is ranked worse than 90.72% of 1013
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.99
vs NSE:SHRITECH: 14.68
Shri Techtex's Days Payable
declined
from Mar. 2025 (21.14) to Mar. 2026 (10.68).
It may suggest that Shri Techtexaccelerated paying its suppliers.
Shri Techtex Days Payable Related Terms
Shri Techtex Days Payable Historical Data
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The historical data trend for Shri Techtex'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, Shri Techtex'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 Techtex Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shri Techtex's Days Payable distribution charts can be found below:
* The bar in red indicates where Shri Techtex'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.
Shri Techtex'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.
Shri Techtex (NSE:SHRITECH) has a Days Payable of 10.68 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 Techtex and its competitors. This is 77% below median its historical median of 45.81. Over the past decade, Shri Techtex's Days Payable has ranged from 14.68 to 114.80. According to the industry distribution chart, Shri Techtex ranks #919 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 90.7%.
Is Shri Techtex's Days Payable too high?
Shri Techtex's current Days Payable of 10.68 is 77% below median its 10-year median of 45.81. Over the past 10 years, this metric has ranged from a low of 14.68 to a high of 114.80. The Manufacturing - Apparel & Accessories industry median Days Payable is 53.99. Shri Techtex's value of 10.68 is 80.2% below this industry median. Based on the distribution chart, Shri Techtex ranks #919 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Shri Techtex has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shri Techtex's Days Payable compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Shri Techtex ranks #919 out of 1013 companies for Days Payable. This places Shri Techtex in the lower half of its industry. The industry median Days Payable is 53.99. Shri Techtex's value of 10.68 is 80.2% below this benchmark. Historically, Shri Techtex's own Days Payable has ranged from 14.68 to 114.80 over the past decade. While the company's 10-year median is 45.81 vs. the industry median of 53.99, Shri Techtex 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 53.99, based on 1,013 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 Techtex's current Days Payable of 10.68 is 80.2% 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 Techtex and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 53.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shri Techtex's current Days Payable is 10.68, which is 77% below median its own 10-year median of 45.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shri Techtex stock overvalued right now?
Based on GuruFocus' analysis, Shri Techtex (NSE:SHRITECH) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹77.92, compared to a current price of ₹63.65 — trading 18.3% below its estimated fair value. The current Days Payable is 10.68, which is 77% below median its 10-year median of 45.81 and 80.2% below the Manufacturing - Apparel & Accessories industry median of 53.99. Shri Techtex's overall GF Score™ is 72/100 with 5 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 Techtex (NSE:SHRITECH), the current Days Payable is 10.68 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 Shri Techtex (NSE:SHRITECH) Overvalued in 2026?
Based on GuruFocus' analysis, Shri Techtex stock appears to be undervalued.
The current stock price of ₹63.65 is trading 18.3% below its estimated GF Value™ of ₹77.92.
GuruFocus considers Shri Techtex to be Modestly Undervalued.
Key valuation signals for NSE:SHRITECH:
Days Payable: 10.68 (77% below median its 10-year median of 45.81)
GF Value™: ₹77.92 vs. price of ₹63.65 (18.3% below fair value)
Industry Position: 80.2% below the Manufacturing - Apparel & Accessories median (#919 of 1013)
No single metric tells the full story. See the NSE:SHRITECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shri Techtex Ltd is engaged in the business of manufacturing of technical textile. The practical use of non-woven fabric is more ecological for certain applications, especially in fields and industries where disposable or single-use products are important, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods. The company manufactures PP non-woven fabric in a variety of sizes and densities.
72GF Score
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