Shivalic Power Control (NSE:SPCL) Days Payable: 31.31 (As of Mar. 2026) — 14% Below Median


NSE:SPCL Shivalic Power Control Ltd NSE:SPCL
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What is Shivalic Power Control Days Payable?

Shivalic Power Control NSE:SPCL +0.07% 45 Days Payable is 31.31 as of Mar. 2026, which is 14% below its 10-year median of 36.50. GuruFocus rates NSE:SPCL with a GF Score™ of 45/100. The stock has 5 warning signs investors should review. Among 2,992 Industrial Products companies, Shivalic Power Control ranks worse than 83.22% on this metric.

Shivalic Power Control's average Accounts Payable for the six months ended in Mar. 2026 was ₹133 Mil. Shivalic Power Control's Cost of Goods Sold for the six months ended in Mar. 2026 was ₹775 Mil. Hence, Shivalic Power Control's Days Payable for the six months ended in Mar. 2026 was 31.31.

The historical rank and industry rank for Shivalic Power Control's Days Payable or its related term are showing as below:

NSE:SPCL' s Days Payable Range Over the Past 10 Years
Min: 29.54   Med: 36.5   Max: 60.37
Current: 34.66

During the past 6 years, Shivalic Power Control's highest Days Payable was 60.37. The lowest was 29.54. And the median was 36.50.

NSE:SPCL's Days Payable is ranked worse than
83.22% of 2992 companies
in the Industrial Products industry
Industry Median: 78.08 vs NSE:SPCL: 34.66

Shivalic Power Control's Days Payable increased from Mar. 2025 (28.95) to Mar. 2026 (31.31). It may suggest that Shivalic Power Control delayed paying its suppliers.


Shivalic Power Control Days Payable Historical Data

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The historical data trend for Shivalic Power Control'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.

Shivalic Power Control Days Payable Chart

Shivalic Power Control Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial 60.37 38.45 34.55 31.91 29.54

Shivalic Power Control Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only 35.21 53.75 28.95 48.49 31.31

NSE:SPCL vs VRT, BE: Days Payable Comparison

For the Electrical Equipment & Parts subindustry, Shivalic Power Control'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.


Shivalic Power Control Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shivalic Power Control's Days Payable distribution charts can be found below:

* The bar in red indicates where Shivalic Power Control's Days Payable falls into.


NSE:SPCL
45GF Score
Shivalic Power Control Ltd NSE:SPCL
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Shivalic Power Control 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.

Shivalic Power Control'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
=( (70.385 + 120.807) / 2 ) / 1181.24*365
=95.596 / 1181.24*365
=29.54

Shivalic Power Control'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: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (145.282 + 120.807) / 2 ) / 775.371*365 / 2
=133.0445 / 775.371*365 / 2
=31.31

* 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 31.31 mean?
Shivalic Power Control (NSE:SPCL) has a Days Payable of 31.31 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 Shivalic Power Control and its competitors. This is 14% below median its historical median of 36.50. Over the past decade, Shivalic Power Control's Days Payable has ranged from 29.54 to 60.37. According to the industry distribution chart, Shivalic Power Control ranks #2490 out of 2992 companies in the Industrial Products industry, placing it in the top 83.2%.
Is Shivalic Power Control's Days Payable too high?
Shivalic Power Control's current Days Payable of 31.31 is 14% below median its 10-year median of 36.50. Over the past 10 years, this metric has ranged from a low of 29.54 to a high of 60.37. The Industrial Products industry median Days Payable is 78.08. Shivalic Power Control's value of 31.31 is 59.9% below this industry median. Based on the distribution chart, Shivalic Power Control ranks #2490 out of 2992 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Shivalic Power Control has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Shivalic Power Control's Days Payable compare to VRT and BE?
According to the Industrial Products industry distribution chart, Shivalic Power Control ranks #2490 out of 2992 companies for Days Payable. This places Shivalic Power Control in the lower half of its industry. The industry median Days Payable is 78.08. Shivalic Power Control's value of 31.31 is 59.9% below this benchmark. Historically, Shivalic Power Control's own Days Payable has ranged from 29.54 to 60.37 over the past decade. While the company's 10-year median is 36.50 vs. the industry median of 78.08, Shivalic Power Control 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.08, based on 2,992 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. Shivalic Power Control's current Days Payable of 31.31 is 59.9% 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 Shivalic Power Control and its competitors. For the Industrial Products industry, the median Days Payable is 78.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shivalic Power Control's current Days Payable is 31.31, which is 14% below median its own 10-year median of 36.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shivalic Power Control stock overvalued right now?
Shivalic Power Control (NSE:SPCL) has a current Days Payable of 31.31. The current Days Payable is 31.31, which is 14% below median its 10-year median of 36.50 and 59.9% below the Industrial Products industry median of 78.08. Shivalic Power Control's overall GF Score™ is 45/100 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 Shivalic Power Control (NSE:SPCL), the current Days Payable is 31.31 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.

Shivalic Power Control Business Description

Address Plot No. 72, Sector- 68, IMT, Ballabgarh, Faridabad, HR, IND, 121004
Shivalic Power Control Ltd is an ISO-certified LT and HT electric panel manufacturer. It is a technology-driven company with focus on quality, design and product development, which has allowed the company to develop products suited to its customers' requirements. The company has a diversified range of electric panels such as PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronisation panels, Outdoor panels, HT Panels up to 33KV, VFD , Power Distribution Boards, Bus Duct and LT & HT APFC Panels.
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