Syrma SGS TechnologyNSE:SYRMA +1.10%85 Days Payable is 164.63 as of Mar. 2026, which is 48% above its 10-year median of 111.36. GuruFocus rates NSE:SYRMA with a GF Score™ of 85/100 and a GF Value™ of ₹930.71 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,436 Hardware companies, Syrma SGS Technology ranks better than 87.85% on this metric.
The historical rank and industry rank for Syrma SGS Technology's Days Payable or its related term are showing as below:
NSE:SYRMA'
s Days Payable Range Over the Past 10 Years
Min: 85.46 Med: 111.36 Max: 181.18
Current: 181.18
During the past 7 years, Syrma SGS Technology's highest Days Payable was 181.18. The lowest was 85.46. And the median was 111.36.
NSE:SYRMA's Days Payable is ranked better than 87.85% of 2436
companies
in the Hardware industry
Industry Median: 69.89
vs NSE:SYRMA: 181.18
Syrma SGS Technology's Days Payable
declined
from Mar. 2025 (213.42) to Mar. 2026 (164.63).
It may suggest that Syrma SGS Technologyaccelerated paying its suppliers.
Syrma SGS Technology Days Payable Related Terms
Syrma SGS Technology Days Payable Historical Data
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The historical data trend for Syrma SGS Technology'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 Electronic Components subindustry, Syrma SGS Technology'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.
Syrma SGS Technology Days Payable vs Hardware Industry
For the Hardware industry and Technology sector, Syrma SGS Technology's Days Payable distribution charts can be found below:
* The bar in red indicates where Syrma SGS Technology'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.
Syrma SGS Technology'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.
Syrma SGS Technology (NSE:SYRMA) has a Days Payable of 164.63 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 Syrma SGS Technology and its competitors. This is 48% above median its historical median of 111.36. Over the past decade, Syrma SGS Technology's Days Payable has ranged from 85.46 to 181.18. According to the industry distribution chart, Syrma SGS Technology ranks #296 out of 2436 companies in the Hardware industry, placing it in the top 12.2%.
Is Syrma SGS Technology's Days Payable too high?
Syrma SGS Technology's current Days Payable of 164.63 is 48% above median its 10-year median of 111.36. Over the past 10 years, this metric has ranged from a low of 85.46 to a high of 181.18. The Hardware industry median Days Payable is 69.89. Syrma SGS Technology's value of 164.63 is 135.6% above this industry median. Based on the distribution chart, Syrma SGS Technology ranks #296 out of 2436 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Syrma SGS Technology has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Syrma SGS Technology's Days Payable compare to APH and GLW?
According to the Hardware industry distribution chart, Syrma SGS Technology ranks #296 out of 2436 companies for Days Payable. This places Syrma SGS Technology in the top 12% of its industry — outperforming the majority of peers. The industry median Days Payable is 69.89. Syrma SGS Technology's value of 164.63 is 135.6% above this benchmark. Historically, Syrma SGS Technology's own Days Payable has ranged from 85.46 to 181.18 over the past decade. While the company's 10-year median is 111.36 vs. the industry median of 69.89, Syrma SGS Technology has consistently been above 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 Hardware company?
The median Days Payable among Hardware companies is 69.89, based on 2,436 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. Syrma SGS Technology's current Days Payable of 164.63 is 135.6% above 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 Syrma SGS Technology and its competitors. For the Hardware 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. Syrma SGS Technology's current Days Payable is 164.63, which is 48% above median its own 10-year median of 111.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Syrma SGS Technology stock overvalued right now?
Based on GuruFocus' analysis, Syrma SGS Technology (NSE:SYRMA) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹930.71, compared to a current price of ₹1,391.10 — trading 49.5% above its estimated fair value. The current Days Payable is 164.63, which is 48% above median its 10-year median of 111.36 and 135.6% above the Hardware industry median of 69.89. Syrma SGS Technology's overall GF Score™ is 85/100 with 9 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 Syrma SGS Technology (NSE:SYRMA), the current Days Payable is 164.63 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 Syrma SGS Technology (NSE:SYRMA) Overvalued in 2026?
Based on GuruFocus' analysis, Syrma SGS Technology stock appears to be overvalued.
The current stock price of ₹1,391.10 is trading 49.5% above its estimated GF Value™ of ₹930.71.
GuruFocus considers Syrma SGS Technology to be Significantly Overvalued.
Key valuation signals for NSE:SYRMA:
Days Payable: 164.63 (48% above median its 10-year median of 111.36)
GF Value™: ₹930.71 vs. price of ₹1,391.10 (49.5% above fair value)
Industry Position: 135.6% above the Hardware median (#296 of 2436)
No single metric tells the full story. See the NSE:SYRMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Syrma SGS Technology Ltd provides Electronic Manufacturing Services. The company is engaged in the business of manufacturing various electronic sub-assemblies, assemblies, and box builds, disk drives, memory modules, power supplies, adapters, fiber optic assemblies, magnetic induction coils, and RFID products, and other electronic products. It serves national and international B2B customers in the industrial, consumer electronics, healthcare, automotive, computer, medical, and railway sectors. Geographically, the majority of the company's revenue is generated within India, followed by the United States of America, and the Rest of the world.
85GF Score
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