Vikas EcoTech (NSE:VIKASECO) Days Payable: 43.70 (As of Mar. 2026) — 27% Below Median

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NSE:VIKASECO Vikas EcoTech Ltd NSE:VIKASECO
60 GF Score
Price ₹1.06
GF Value ₹2.02
Valuation Possible Value Trap
! 7 Warning Signs
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What is Vikas EcoTech Days Payable?

Vikas EcoTech NSE:VIKASECO -1.85% 60 Days Payable is 43.70 as of Mar. 2026, which is 27% below its 10-year median of 60.13. GuruFocus rates NSE:VIKASECO with a GF Score™ of 60/100 and a GF Value™ of ₹2.02 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,562 Chemicals companies, Vikas EcoTech ranks worse than 51.79% on this metric.

Vikas EcoTech's average Accounts Payable for the three months ended in Mar. 2026 was ₹522 Mil. Vikas EcoTech's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹1,090 Mil. Hence, Vikas EcoTech's Days Payable for the three months ended in Mar. 2026 was 43.70.

The historical rank and industry rank for Vikas EcoTech's Days Payable or its related term are showing as below:

NSE:VIKASECO' s Days Payable Range Over the Past 10 Years
Min: 21.24   Med: 60.13   Max: 108.56
Current: 57.33

During the past 13 years, Vikas EcoTech's highest Days Payable was 108.56. The lowest was 21.24. And the median was 60.13.

NSE:VIKASECO's Days Payable is ranked worse than
51.79% of 1562 companies
in the Chemicals industry
Industry Median: 59.235 vs NSE:VIKASECO: 57.33

Vikas EcoTech's Days Payable declined from Mar. 2025 (60.26) to Mar. 2026 (43.70). It may suggest that Vikas EcoTech accelerated paying its suppliers.


Vikas EcoTech Days Payable Historical Data

* Premium members only.

The historical data trend for Vikas EcoTech'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.

Vikas EcoTech Days Payable Chart

Vikas EcoTech 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 43.75 21.24 51.52 52.58 64.86

Vikas EcoTech 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 60.26 60.22 58.84 55.87 43.70

NSE:VIKASECO vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Vikas EcoTech'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.


Vikas EcoTech Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Vikas EcoTech's Days Payable distribution charts can be found below:

* The bar in red indicates where Vikas EcoTech's Days Payable falls into.


NSE:VIKASECO
60GF Score
Vikas EcoTech Ltd NSE:VIKASECO
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Vikas EcoTech 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.

Vikas EcoTech'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
=( (624.352 + 521.834) / 2 ) / 3224.949*365
=573.093 / 3224.949*365
=64.86

Vikas EcoTech'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 + 521.834) / 1 ) / 1089.563*365 / 4
=521.834 / 1089.563*365 / 4
=43.70

* 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 43.70 mean?
Vikas EcoTech (NSE:VIKASECO) has a Days Payable of 43.70 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 Vikas EcoTech and its competitors. This is 27% below median its historical median of 60.13. Over the past decade, Vikas EcoTech's Days Payable has ranged from 21.24 to 108.56. According to the industry distribution chart, Vikas EcoTech ranks #809 out of 1562 companies in the Chemicals industry, placing it in the top 51.8%.
Is Vikas EcoTech's Days Payable too high?
Vikas EcoTech's current Days Payable of 43.70 is 27% below median its 10-year median of 60.13. Over the past 10 years, this metric has ranged from a low of 21.24 to a high of 108.56. The Chemicals industry median Days Payable is 59.24. Vikas EcoTech's value of 43.70 is 26.2% below this industry median. Based on the distribution chart, Vikas EcoTech ranks #809 out of 1562 companies in the Chemicals industry, which is below the industry midpoint. Overall, Vikas EcoTech has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Vikas EcoTech's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Vikas EcoTech ranks #809 out of 1562 companies for Days Payable. This places Vikas EcoTech in the lower half of its industry. The industry median Days Payable is 59.24. Vikas EcoTech's value of 43.70 is 26.2% below this benchmark. Historically, Vikas EcoTech's own Days Payable has ranged from 21.24 to 108.56 over the past decade. While the company's 10-year median is 60.13 vs. the industry median of 59.24, Vikas EcoTech 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.24, based on 1,562 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. Vikas EcoTech's current Days Payable of 43.70 is 26.2% 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 Vikas EcoTech and its competitors. For the Chemicals industry, the median Days Payable is 59.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vikas EcoTech's current Days Payable is 43.70, which is 27% below median its own 10-year median of 60.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vikas EcoTech stock overvalued right now?
Based on GuruFocus' analysis, Vikas EcoTech (NSE:VIKASECO) is currently considered Possible Value Trap. The stock's GF Value™ is ₹2.02, compared to a current price of ₹1.06 — trading 47.5% below its estimated fair value. The current Days Payable is 43.70, which is 27% below median its 10-year median of 60.13 and 26.2% below the Chemicals industry median of 59.24. Vikas EcoTech's overall GF Score™ is 60/100 with 7 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 Vikas EcoTech (NSE:VIKASECO), the current Days Payable is 43.70 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 Vikas EcoTech (NSE:VIKASECO) Overvalued in 2026?

Based on GuruFocus' analysis, Vikas EcoTech stock appears to be undervalued. The current stock price of ₹1.06 is trading 47.5% below its estimated GF Value™ of ₹2.02. GuruFocus considers Vikas EcoTech to be Possible Value Trap.

Key valuation signals for NSE:VIKASECO:

  • Days Payable: 43.70 (27% below median its 10-year median of 60.13)
  • GF Value™: ₹2.02 vs. price of ₹1.06 (47.5% below fair value)
  • GF Score™: 60/100 with 7 warning signs
  • Industry Position: 26.2% below the Chemicals median (#809 of 1562)

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


Vikas EcoTech Business Description

Other Exchanges 530961:India
Address 34/1, Vikas Apartments, East Punjabi Bagh, New Delhi, IND, 110026
Vikas EcoTech Ltd is a specialty chemicals company. The company is engaged in the business of manufacturing and distribution of specialty additives including agrochemicals and rubber-plastic and polymer compounds. The Company has identified three business segments which are Infra & Energy, Chemical, Polymers & Special Additives. Its polymer compounds offering includes thermoplastic rubber (TPR), thermoplastic elastomer (TPE), Ethylene Vinyl Acetate (EVA), impact modifiers, Polyethylene (PE), and Polypropylene (PP).
60GF Score

Get the complete analysis for NSE:VIKASECO

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

₹1.06
Price
₹2.02
GF Value