SML Mahindra (NSE:SMLMAH) Days Payable: 52.53 (As of Mar. 2026) — 31% Below Median

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NSE:SMLMAH SML Mahindra Ltd NSE:SMLMAH
65 GF Score
Price ₹4,087.30
GF Value ₹2,414.52
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is SML Mahindra Days Payable?

SML Mahindra NSE:SMLMAH -2.70% 65 Days Payable is 52.53 as of Mar. 2026, which is 31% below its 10-year median of 76.56. GuruFocus rates NSE:SMLMAH with a GF Score™ of 65/100 and a GF Value™ of ₹2,414.52 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,306 Vehicles & Parts companies, SML Mahindra ranks worse than 56.05% on this metric.

SML Mahindra's average Accounts Payable for the three months ended in Mar. 2026 was ₹4,055 Mil. SML Mahindra's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹7,044 Mil. Hence, SML Mahindra's Days Payable for the three months ended in Mar. 2026 was 52.53.

The historical rank and industry rank for SML Mahindra's Days Payable or its related term are showing as below:

NSE:SMLMAH' s Days Payable Range Over the Past 10 Years
Min: 59.71   Med: 76.56   Max: 134.96
Current: 59.71

During the past 13 years, SML Mahindra's highest Days Payable was 134.96. The lowest was 59.71. And the median was 76.56.

NSE:SMLMAH's Days Payable is ranked worse than
56.05% of 1306 companies
in the Vehicles & Parts industry
Industry Median: 67.14 vs NSE:SMLMAH: 59.71

SML Mahindra's Days Payable declined from Mar. 2025 (58.09) to Mar. 2026 (52.53). It may suggest that SML Mahindra accelerated paying its suppliers.


SML Mahindra Days Payable Historical Data

* Premium members only.

The historical data trend for SML Mahindra'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.

SML Mahindra Days Payable Chart

SML Mahindra Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 102.54 66.76 66.85 70.10 65.15

SML Mahindra Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 58.09 52.56 62.53 65.67 52.53

NSE:SMLMAH vs TSLA, GM, F: Days Payable Comparison

For the Auto Manufacturers subindustry, SML Mahindra'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.


SML Mahindra Days Payable vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, SML Mahindra's Days Payable distribution charts can be found below:

* The bar in red indicates where SML Mahindra's Days Payable falls into.


NSE:SMLMAH
65GF Score
SML Mahindra Ltd NSE:SMLMAH
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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SML Mahindra 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.

SML Mahindra'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
=( (3701.27 + 4055.455) / 2 ) / 21728.917*365
=3878.3625 / 21728.917*365
=65.15

SML Mahindra'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 + 4055.455) / 1 ) / 7044.1*365 / 4
=4055.455 / 7044.1*365 / 4
=52.53

* 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 52.53 mean?
SML Mahindra (NSE:SMLMAH) has a Days Payable of 52.53 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 SML Mahindra and its competitors. This is 31% below median its historical median of 76.56. Over the past decade, SML Mahindra's Days Payable has ranged from 59.71 to 134.96. According to the industry distribution chart, SML Mahindra ranks #732 out of 1306 companies in the Vehicles & Parts industry, placing it in the top 56%.
Is SML Mahindra's Days Payable too high?
SML Mahindra's current Days Payable of 52.53 is 31% below median its 10-year median of 76.56. Over the past 10 years, this metric has ranged from a low of 59.71 to a high of 134.96. The Vehicles & Parts industry median Days Payable is 67.14. SML Mahindra's value of 52.53 is 21.8% below this industry median. Based on the distribution chart, SML Mahindra ranks #732 out of 1306 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, SML Mahindra has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SML Mahindra's Days Payable compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, SML Mahindra ranks #732 out of 1306 companies for Days Payable. This places SML Mahindra in the lower half of its industry. The industry median Days Payable is 67.14. SML Mahindra's value of 52.53 is 21.8% below this benchmark. Historically, SML Mahindra's own Days Payable has ranged from 59.71 to 134.96 over the past decade. While the company's 10-year median is 76.56 vs. the industry median of 67.14, SML Mahindra 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 Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.14, based on 1,306 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. SML Mahindra's current Days Payable of 52.53 is 21.8% 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 SML Mahindra and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SML Mahindra's current Days Payable is 52.53, which is 31% below median its own 10-year median of 76.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SML Mahindra stock overvalued right now?
Based on GuruFocus' analysis, SML Mahindra (NSE:SMLMAH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹2,414.52, compared to a current price of ₹4,087.30 — trading 69.3% above its estimated fair value. The current Days Payable is 52.53, which is 31% below median its 10-year median of 76.56 and 21.8% below the Vehicles & Parts industry median of 67.14. SML Mahindra's overall GF Score™ is 65/100 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 SML Mahindra (NSE:SMLMAH), the current Days Payable is 52.53 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 SML Mahindra (NSE:SMLMAH) Overvalued in 2026?

Based on GuruFocus' analysis, SML Mahindra stock appears to be overvalued. The current stock price of ₹4,087.30 is trading 69.3% above its estimated GF Value™ of ₹2,414.52. GuruFocus considers SML Mahindra to be Significantly Overvalued.

Key valuation signals for NSE:SMLMAH:

  • Days Payable: 52.53 (31% below median its 10-year median of 76.56)
  • GF Value™: ₹2,414.52 vs. price of ₹4,087.30 (69.3% above fair value)
  • GF Score™: 65/100 with 2 warning signs
  • Industry Position: 21.8% below the Vehicles & Parts median (#732 of 1306)

No single metric tells the full story. See the NSE:SMLMAH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SML Mahindra Business Description

Other Exchanges 505192:India
Address SCO 204-205, Sector 34-A, Chandigarh, PB, IND, 160 022
SML Mahindra Ltd, formerly SML Isuzu Ltd is engaged in the business of manufacturing and selling of commercial vehicles including light and medium-duty trucks, buses, ambulances, and specialized vehicles. The company integrates Japanese technology with local manufacturing to offer reliable and cost-effective transportation solutions. Its product portfolio spans cargo trucks and passenger buses with variants that support different industries such as education, tourism, and corporate transport. Revenue is majorly generated through the sale of vehicles and after-sales services including telematics support. The company operates predominantly in India and exports to several countries across Africa and Asia.
65GF Score

Get the complete analysis for NSE:SMLMAH

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹4,087.30
Price
₹2,414.52
GF Value