Tech MahindraNSE:TECHM -0.79%86 Days Payable is 47.95 as of Mar. 2026, which is 22% above its 10-year median of 39.25. GuruFocus rates NSE:TECHM with a GF Score™ of 86/100 and a GF Value™ of ₹1,565.08 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,600 Software companies, Tech Mahindra ranks worse than 55.27% on this metric.
The historical rank and industry rank for Tech Mahindra's Days Payable or its related term are showing as below:
NSE:TECHM'
s Days Payable Range Over the Past 10 Years
Min: 32.43 Med: 39.25 Max: 46.06
Current: 46.06
During the past 13 years, Tech Mahindra's highest Days Payable was 46.06. The lowest was 32.43. And the median was 39.25.
NSE:TECHM's Days Payable is ranked worse than 55.27% of 2600
companies
in the Software industry
Industry Median: 53.675
vs NSE:TECHM: 46.06
Tech Mahindra's Days Payable
increased
from Mar. 2025 (46.18) to Mar. 2026 (47.95).
It may suggest that Tech Mahindradelayed paying its suppliers.
Tech Mahindra Days Payable Related Terms
Tech Mahindra Days Payable Historical Data
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The historical data trend for Tech 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.
NSE:TECHM vs IBM, ACN, FISV: Days Payable Comparison
For the Information Technology Services subindustry, Tech 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.
Tech Mahindra Days Payable vs Software Industry
For the Software industry and Technology sector, Tech Mahindra's Days Payable distribution charts can be found below:
* The bar in red indicates where Tech Mahindra'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.
Tech Mahindra'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.
Tech Mahindra (NSE:TECHM) has a Days Payable of 47.95 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 Tech Mahindra and its competitors. This is 22% above median its historical median of 39.25. Over the past decade, Tech Mahindra's Days Payable has ranged from 32.43 to 46.06. According to the industry distribution chart, Tech Mahindra ranks #1437 out of 2600 companies in the Software industry, placing it in the top 55.3%.
Is Tech Mahindra's Days Payable too high?
Tech Mahindra's current Days Payable of 47.95 is 22% above median its 10-year median of 39.25. Over the past 10 years, this metric has ranged from a low of 32.43 to a high of 46.06. The Software industry median Days Payable is 53.68. Tech Mahindra's value of 47.95 is 10.7% below this industry median. Based on the distribution chart, Tech Mahindra ranks #1437 out of 2600 companies in the Software industry, which is below the industry midpoint. Overall, Tech Mahindra has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tech Mahindra's Days Payable compare to IBM and ACN?
According to the Software industry distribution chart, Tech Mahindra ranks #1437 out of 2600 companies for Days Payable. This places Tech Mahindra in the lower half of its industry. The industry median Days Payable is 53.68. Tech Mahindra's value of 47.95 is 10.7% below this benchmark. Historically, Tech Mahindra's own Days Payable has ranged from 32.43 to 46.06 over the past decade. While the company's 10-year median is 39.25 vs. the industry median of 53.68, Tech 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 Software company?
The median Days Payable among Software companies is 53.68, based on 2,600 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. Tech Mahindra's current Days Payable of 47.95 is 10.7% 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 Tech Mahindra and its competitors. For the Software industry, the median Days Payable is 53.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tech Mahindra's current Days Payable is 47.95, which is 22% above median its own 10-year median of 39.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tech Mahindra stock overvalued right now?
Based on GuruFocus' analysis, Tech Mahindra (NSE:TECHM) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,565.08, compared to a current price of ₹1,410.10 — trading 9.9% below its estimated fair value. The current Days Payable is 47.95, which is 22% above median its 10-year median of 39.25 and 10.7% below the Software industry median of 53.68. Tech Mahindra's overall GF Score™ is 86/100 with 3 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 Tech Mahindra (NSE:TECHM), the current Days Payable is 47.95 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 Tech Mahindra (NSE:TECHM) Overvalued in 2026?
Based on GuruFocus' analysis, Tech Mahindra stock appears to be undervalued.
The current stock price of ₹1,410.10 is trading 9.9% below its estimated GF Value™ of ₹1,565.08.
GuruFocus considers Tech Mahindra to be Modestly Undervalued.
Key valuation signals for NSE:TECHM:
Days Payable: 47.95 (22% above median its 10-year median of 39.25)
GF Value™: ₹1,565.08 vs. price of ₹1,410.10 (9.9% below fair value)
Industry Position: 10.7% below the Software median (#1437 of 2600)
No single metric tells the full story. See the NSE:TECHM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tech Mahindra Ltd is an IT services and consulting company in India. It offers a variety of technology solutions and services in addition to business process services. Its segments are Information Technology and Business Process Services. The technology solutions include helping companies engage in cloud software, mobile solutions, network services, cybersecurity, and a variety of other options. The business process service is offered across various industries including telecom, financial services, retail, energy, hospitality, high-tech, agriculture, and food beverage. The company generates the majority of its revenue from Communications & Media & Entertainment Industry. Geographically the company generates the majority of its revenue from the Americas.
86GF Score
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