Southern Petrochemicals Industries (NSE:SPIC) Days Payable: 54.26 (As of Mar. 2026) — 69% Below Median


NSE:SPIC Southern Petrochemicals Industries Corp Ltd NSE:SPIC
76 GF Score
Price ₹68.20
GF Value ₹387.60
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Southern Petrochemicals Industries Days Payable?

Southern Petrochemicals Industries NSE:SPIC +1.05% 76 Days Payable is 54.26 as of Mar. 2026, which is 69% below its 10-year median of 175.83. GuruFocus rates NSE:SPIC with a GF Score™ of 76/100 and a GF Value™ of ₹387.60 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 246 Agriculture companies, Southern Petrochemicals Industries ranks worse than 75.61% on this metric.

Southern Petrochemicals Industries's average Accounts Payable for the three months ended in Mar. 2026 was ₹2,585 Mil. Southern Petrochemicals Industries's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹4,346 Mil. Hence, Southern Petrochemicals Industries's Days Payable for the three months ended in Mar. 2026 was 54.26.

The historical rank and industry rank for Southern Petrochemicals Industries's Days Payable or its related term are showing as below:

NSE:SPIC' s Days Payable Range Over the Past 10 Years
Min: 23.7   Med: 175.83   Max: 470.34
Current: 38.2

During the past 13 years, Southern Petrochemicals Industries's highest Days Payable was 470.34. The lowest was 23.70. And the median was 175.83.

NSE:SPIC's Days Payable is ranked worse than
75.61% of 246 companies
in the Agriculture industry
Industry Median: 72.7 vs NSE:SPIC: 38.20

Southern Petrochemicals Industries's Days Payable increased from Mar. 2025 (36.87) to Mar. 2026 (54.26). It may suggest that Southern Petrochemicals Industries delayed paying its suppliers.


Southern Petrochemicals Industries Days Payable Related Terms


Southern Petrochemicals Industries Days Payable Historical Data

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The historical data trend for Southern Petrochemicals Industries'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.

Southern Petrochemicals Industries Days Payable Chart

Southern Petrochemicals Industries 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 219.00 97.32 91.57 23.70 42.13

Southern Petrochemicals Industries 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 36.87 38.99 27.30 29.04 54.26

NSE:SPIC vs CTVA, CF, MOS: Days Payable Comparison

For the Agricultural Inputs subindustry, Southern Petrochemicals Industries'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.


Southern Petrochemicals Industries Days Payable vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Southern Petrochemicals Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Southern Petrochemicals Industries's Days Payable falls into.


NSE:SPIC
76GF Score
Southern Petrochemicals Industries Corp Ltd NSE:SPIC
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Southern Petrochemicals Industries 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.

Southern Petrochemicals Industries'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
=( (2373.8 + 2584.6) / 2 ) / 21478.5*365
=2479.2 / 21478.5*365
=42.13

Southern Petrochemicals Industries'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 + 2584.6) / 1 ) / 4346.3*365 / 4
=2584.6 / 4346.3*365 / 4
=54.26

* 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 54.26 mean?
Southern Petrochemicals Industries (NSE:SPIC) has a Days Payable of 54.26 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 Southern Petrochemicals Industries and its competitors. This is 69% below median its historical median of 175.83. Over the past decade, Southern Petrochemicals Industries' Days Payable has ranged from 23.70 to 470.34. According to the industry distribution chart, Southern Petrochemicals Industries ranks #186 out of 246 companies in the Agriculture industry, placing it in the top 75.6%.
Is Southern Petrochemicals Industries' Days Payable too high?
Southern Petrochemicals Industries' current Days Payable of 54.26 is 69% below median its 10-year median of 175.83. Over the past 10 years, this metric has ranged from a low of 23.70 to a high of 470.34. The Agriculture industry median Days Payable is 72.70. Southern Petrochemicals Industries' value of 54.26 is 25.4% below this industry median. Based on the distribution chart, Southern Petrochemicals Industries ranks #186 out of 246 companies in the Agriculture industry, which is in the bottom quartile relative to peers. Overall, Southern Petrochemicals Industries has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Southern Petrochemicals Industries' Days Payable compare to CTVA and CF?
According to the Agriculture industry distribution chart, Southern Petrochemicals Industries ranks #186 out of 246 companies for Days Payable. This places Southern Petrochemicals Industries in the lower half of its industry. The industry median Days Payable is 72.70. Southern Petrochemicals Industries' value of 54.26 is 25.4% below this benchmark. Historically, Southern Petrochemicals Industries' own Days Payable has ranged from 23.70 to 470.34 over the past decade. While the company's 10-year median is 175.83 vs. the industry median of 72.70, Southern Petrochemicals Industries 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 Agriculture company?
The median Days Payable among Agriculture companies is 72.70, based on 246 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. Southern Petrochemicals Industries's current Days Payable of 54.26 is 25.4% 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 Southern Petrochemicals Industries and its competitors. For the Agriculture industry, the median Days Payable is 72.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southern Petrochemicals Industries's current Days Payable is 54.26, which is 69% below median its own 10-year median of 175.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southern Petrochemicals Industries stock overvalued right now?
Based on GuruFocus' analysis, Southern Petrochemicals Industries (NSE:SPIC) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹387.60, compared to a current price of ₹68.20 — trading 82.4% below its estimated fair value. The current Days Payable is 54.26, which is 69% below median its 10-year median of 175.83 and 25.4% below the Agriculture industry median of 72.70. Southern Petrochemicals Industries' overall GF Score™ is 76/100 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 Southern Petrochemicals Industries (NSE:SPIC), the current Days Payable is 54.26 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 Southern Petrochemicals Industries (NSE:SPIC) Overvalued in 2026?

Based on GuruFocus' analysis, Southern Petrochemicals Industries stock appears to be undervalued. The current stock price of ₹68.20 is trading 82.4% below its estimated GF Value™ of ₹387.60. GuruFocus considers Southern Petrochemicals Industries to be Significantly Undervalued.

Key valuation signals for NSE:SPIC:

  • Days Payable: 54.26 (69% below median its 10-year median of 175.83)
  • GF Value™: ₹387.60 vs. price of ₹68.20 (82.4% below fair value)
  • GF Score™: 76/100 with 4 warning signs
  • Industry Position: 25.4% below the Agriculture median (#186 of 246)

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


Southern Petrochemicals Industries Business Description

Address Mount Road, Number 88, SPIC House, Guindy, Chennai, TN, IND, 600 032
Southern Petrochemicals Industries Corp Ltd is a manufacturer and seller of nitrogenous and phosphatic fertilizers, including urea and neem-coated urea. The company operates a large fertilizer complex in Tuticorin, Tamil Nadu, capable of producing substantial volumes to support agricultural productivity across India. SPIC also provides secondary and micronutrient fertilizers, organic fertilizers, biopesticides, and plant growth regulators to enrich soil and crop health. Its industrial by-products, such as phosphoric acid and sulfuric acid, serve other sectors like cement and aluminum production. Revenue is majorly generated from the sale of fertilizer products through an extensive dealer network serving rural and farming communities nationwide.
76GF Score

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

₹68.20
Price
₹387.60
GF Value