SP RefractoriesNSE:SPRL 70 Days Payable is 29.69 as of Mar. 2026, which is 50% above its 10-year median of 19.78. GuruFocus rates NSE:SPRL with a GF Score™ of 70/100 and a GF Value™ of ₹140.53 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 394 Building Materials companies, SP Refractories ranks worse than 92.64% on this metric.
The historical rank and industry rank for SP Refractories's Days Payable or its related term are showing as below:
NSE:SPRL'
s Days Payable Range Over the Past 10 Years
Min: 3.63 Med: 19.78 Max: 24.97
Current: 23.21
During the past 8 years, SP Refractories's highest Days Payable was 24.97. The lowest was 3.63. And the median was 19.78.
NSE:SPRL's Days Payable is ranked worse than 92.64% of 394
companies
in the Building Materials industry
Industry Median: 69.885
vs NSE:SPRL: 23.21
SP Refractories's Days Payable
increased
from Mar. 2025 (18.65) to Mar. 2026 (29.69).
It may suggest that SP Refractoriesdelayed paying its suppliers.
SP Refractories Days Payable Related Terms
SP Refractories Days Payable Historical Data
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The historical data trend for SP Refractories'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.
NSE:SPRL vs CRH, VMC, MLM: Days Payable Comparison
For the Building Materials subindustry, SP Refractories'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.
SP Refractories Days Payable vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, SP Refractories's Days Payable distribution charts can be found below:
* The bar in red indicates where SP Refractories'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.
SP Refractories'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.
SP Refractories (NSE:SPRL) has a Days Payable of 29.69 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 SP Refractories and its competitors. This is 50% above median its historical median of 19.78. Over the past decade, SP Refractories' Days Payable has ranged from 3.63 to 24.97. According to the industry distribution chart, SP Refractories ranks #365 out of 394 companies in the Building Materials industry, placing it in the top 92.6%.
Is SP Refractories' Days Payable too high?
SP Refractories' current Days Payable of 29.69 is 50% above median its 10-year median of 19.78. Over the past 10 years, this metric has ranged from a low of 3.63 to a high of 24.97. The Building Materials industry median Days Payable is 69.89. SP Refractories' value of 29.69 is 57.5% below this industry median. Based on the distribution chart, SP Refractories ranks #365 out of 394 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, SP Refractories has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SP Refractories' Days Payable compare to CRH and VMC?
According to the Building Materials industry distribution chart, SP Refractories ranks #365 out of 394 companies for Days Payable. This places SP Refractories in the lower half of its industry. The industry median Days Payable is 69.89. SP Refractories' value of 29.69 is 57.5% below this benchmark. Historically, SP Refractories' own Days Payable has ranged from 3.63 to 24.97 over the past decade. While the company's 10-year median is 19.78 vs. the industry median of 69.89, SP Refractories 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 Building Materials company?
The median Days Payable among Building Materials companies is 69.89, based on 394 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. SP Refractories's current Days Payable of 29.69 is 57.5% 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 SP Refractories and its competitors. For the Building Materials industry, the median Days Payable is 69.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SP Refractories's current Days Payable is 29.69, which is 50% above median its own 10-year median of 19.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SP Refractories stock overvalued right now?
Based on GuruFocus' analysis, SP Refractories (NSE:SPRL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹140.53, compared to a current price of ₹115.70 — trading 17.7% below its estimated fair value. The current Days Payable is 29.69, which is 50% above median its 10-year median of 19.78 and 57.5% below the Building Materials industry median of 69.89. SP Refractories' overall GF Score™ is 70/100 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 SP Refractories (NSE:SPRL), the current Days Payable is 29.69 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 SP Refractories (NSE:SPRL) Overvalued in 2026?
Based on GuruFocus' analysis, SP Refractories stock appears to be undervalued.
The current stock price of ₹115.70 is trading 17.7% below its estimated GF Value™ of ₹140.53.
GuruFocus considers SP Refractories to be Modestly Undervalued.
Key valuation signals for NSE:SPRL:
Days Payable: 29.69 (50% above median its 10-year median of 19.78)
GF Value™: ₹140.53 vs. price of ₹115.70 (17.7% below fair value)
Industry Position: 57.5% below the Building Materials median (#365 of 394)
No single metric tells the full story. See the NSE:SPRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SP Refractories Ltd is engaged in manufacturing and supplying refractory material made using hydrated lime, calcined alumina, and other raw materials. The company is involved in single segment of manufacturing and supplying of high quality refractory material. Its core focus is on refractory cement which is a niche and high-margin cement widely used in iron and steel and construction industries because of its thermal conductivity, maximum strength, and heat resistance.
70GF Score
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