Usha MartinNSE:USHAMART +1.57%79 Days Payable is 59.68 as of Mar. 2026, which is 33% below its 10-year median of 89.02. GuruFocus rates NSE:USHAMART with a GF Score™ of 79/100 and a GF Value™ of ₹418.01 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 599 Steel companies, Usha Martin ranks better than 74.29% on this metric.
Usha Martin's average Accounts Payable for the
three
months ended in Mar. 2026 was ₹3,110 Mil. Usha Martin's Cost of Goods Sold for the
three
months ended in Mar. 2026 was ₹4,754 Mil.
Hence, Usha Martin's Days Payable for the
three
months ended in Mar. 2026 was 59.68.
The historical rank and industry rank for Usha Martin's Days Payable or its related term are showing as below:
NSE:USHAMART'
s Days Payable Range Over the Past 10 Years
Min: 53.66 Med: 89.02 Max: 528.68
Current: 75.06
During the past 13 years, Usha Martin's highest Days Payable was 528.68. The lowest was 53.66. And the median was 89.02.
NSE:USHAMART's Days Payable is ranked better than 74.29% of 599
companies
in the Steel industry
Industry Median: 41.39
vs NSE:USHAMART: 75.06
Usha Martin's Days Payable
increased
from Dec. 2024 (56.64) to Mar. 2026 (59.68).
It may suggest that Usha Martindelayed paying its suppliers.
Usha Martin Days Payable Related Terms
Usha Martin Days Payable Historical Data
* Premium members only.
The historical data trend for Usha Martin'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:USHAMART vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, Usha Martin'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.
Usha Martin Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Usha Martin's Days Payable distribution charts can be found below:
* The bar in red indicates where Usha Martin'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.
Usha Martin'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.
Usha Martin (NSE:USHAMART) has a Days Payable of 59.68 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 Usha Martin and its competitors. This is 33% below median its historical median of 89.02. Over the past decade, Usha Martin's Days Payable has ranged from 53.66 to 528.68. According to the industry distribution chart, Usha Martin ranks #154 out of 599 companies in the Steel industry, placing it in the top 25.7%.
Is Usha Martin's Days Payable too high?
Usha Martin's current Days Payable of 59.68 is 33% below median its 10-year median of 89.02. Over the past 10 years, this metric has ranged from a low of 53.66 to a high of 528.68. The Steel industry median Days Payable is 41.39. Usha Martin's value of 59.68 is 44.2% above this industry median. Based on the distribution chart, Usha Martin ranks #154 out of 599 companies in the Steel industry, which is above the industry midpoint. Overall, Usha Martin has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Usha Martin's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Usha Martin ranks #154 out of 599 companies for Days Payable. This puts Usha Martin in the upper half of its industry. The industry median Days Payable is 41.39. Usha Martin's value of 59.68 is 44.2% above this benchmark. Historically, Usha Martin's own Days Payable has ranged from 53.66 to 528.68 over the past decade. While the company's 10-year median is 89.02 vs. the industry median of 41.39, Usha Martin 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 Steel company?
The median Days Payable among Steel companies is 41.39, based on 599 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. Usha Martin's current Days Payable of 59.68 is 44.2% 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 Usha Martin and its competitors. For the Steel industry, the median Days Payable is 41.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Usha Martin's current Days Payable is 59.68, which is 33% below median its own 10-year median of 89.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Usha Martin stock overvalued right now?
Based on GuruFocus' analysis, Usha Martin (NSE:USHAMART) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹418.01, compared to a current price of ₹473.10 — trading 13.2% above its estimated fair value. The current Days Payable is 59.68, which is 33% below median its 10-year median of 89.02 and 44.2% above the Steel industry median of 41.39. Usha Martin's overall GF Score™ is 79/100 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 Usha Martin (NSE:USHAMART), the current Days Payable is 59.68 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 Usha Martin (NSE:USHAMART) Overvalued in 2026?
Based on GuruFocus' analysis, Usha Martin stock appears to be overvalued.
The current stock price of ₹473.10 is trading 13.2% above its estimated GF Value™ of ₹418.01.
GuruFocus considers Usha Martin to be Modestly Overvalued.
Key valuation signals for NSE:USHAMART:
Days Payable: 59.68 (33% below median its 10-year median of 89.02)
GF Value™: ₹418.01 vs. price of ₹473.10 (13.2% above fair value)
Industry Position: 44.2% above the Steel median (#154 of 599)
No single metric tells the full story. See the NSE:USHAMART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Usha Martin Ltd is engaged in the business of the production of wire rope. The company's operating segment includes Wire and wire ropes and others. It generates maximum revenue from the Wire and wire ropes segment. The wire and wire ropes segment manufactures and sells steel wires, strands, wire ropes, cords, related accessories, and others. Its Others segment includes the manufacturing and selling of wire drawing and allied machines and corporate office. Geographically, it derives a majority of revenue from India and also has its presence outside India.
79GF Score
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