Vikram Solar (NSE:VIKRAMSOLR) Days Payable: 136.01 (As of Mar. 2026) — Near Median


NSE:VIKRAMSOLR Vikram Solar Ltd NSE:VIKRAMSOLR
18 GF Score
Price ₹188.87
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What is Vikram Solar Days Payable?

Vikram Solar NSE:VIKRAMSOLR -1.61% 18 Days Payable is 136.01 as of Mar. 2026, which is 4% above its 10-year median of 130.93. GuruFocus rates NSE:VIKRAMSOLR with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 997 Semiconductors companies, Vikram Solar ranks better than 86.46% on this metric.

Vikram Solar's average Accounts Payable for the three months ended in Mar. 2026 was ₹15,637 Mil. Vikram Solar's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹10,491 Mil. Hence, Vikram Solar's Days Payable for the three months ended in Mar. 2026 was 136.01.

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

NSE:VIKRAMSOLR' s Days Payable Range Over the Past 10 Years
Min: 105.41   Med: 130.93   Max: 195.42
Current: 157.32

During the past 5 years, Vikram Solar's highest Days Payable was 195.42. The lowest was 105.41. And the median was 130.93.

NSE:VIKRAMSOLR's Days Payable is ranked better than
86.46% of 997 companies
in the Semiconductors industry
Industry Median: 53.06 vs NSE:VIKRAMSOLR: 157.32

Vikram Solar's Days Payable increased from Dec. 2024 (0.00) to Mar. 2026 (136.01). It may suggest that Vikram Solar delayed paying its suppliers.


Vikram Solar Days Payable Historical Data

* Premium members only.

The historical data trend for Vikram Solar'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.

Vikram Solar Days Payable Chart

Vikram Solar Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
195.42 133.92 117.25 105.41 130.93

Vikram Solar Quarterly Data
Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only 0.00 91.28 106.71 109.31 136.01

NSE:VIKRAMSOLR vs FSLR, NXT, ENPH: Days Payable Comparison

For the Solar subindustry, Vikram Solar'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.


Vikram Solar Days Payable vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Vikram Solar's Days Payable distribution charts can be found below:

* The bar in red indicates where Vikram Solar's Days Payable falls into.


NSE:VIKRAMSOLR
18GF Score
Vikram Solar Ltd NSE:VIKRAMSOLR
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Vikram Solar 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.

Vikram Solar'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
=( (8282.79 + 15636.88) / 2 ) / 33342.07*365
=11959.835 / 33342.07*365
=130.93

Vikram Solar'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 + 15636.88) / 1 ) / 10491.23*365 / 4
=15636.88 / 10491.23*365 / 4
=136.01

* 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 136.01 mean?
Vikram Solar (NSE:VIKRAMSOLR) has a Days Payable of 136.01 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 Vikram Solar and its competitors. This is near median its historical median of 130.93. Over the past decade, Vikram Solar's Days Payable has ranged from 105.41 to 195.42. According to the industry distribution chart, Vikram Solar ranks #135 out of 997 companies in the Semiconductors industry, placing it in the top 13.5%.
Is Vikram Solar's Days Payable too high?
Vikram Solar's current Days Payable of 136.01 is near median its 10-year median of 130.93. Over the past 10 years, this metric has ranged from a low of 105.41 to a high of 195.42. The Semiconductors industry median Days Payable is 53.06. Vikram Solar's value of 136.01 is 156.3% above this industry median. Based on the distribution chart, Vikram Solar ranks #135 out of 997 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Vikram Solar has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Vikram Solar's Days Payable compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Vikram Solar ranks #135 out of 997 companies for Days Payable. This places Vikram Solar in the top 14% of its industry — outperforming the majority of peers. The industry median Days Payable is 53.06. Vikram Solar's value of 136.01 is 156.3% above this benchmark. Historically, Vikram Solar's own Days Payable has ranged from 105.41 to 195.42 over the past decade. While the company's 10-year median is 130.93 vs. the industry median of 53.06, Vikram Solar 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 Semiconductors company?
The median Days Payable among Semiconductors companies is 53.06, based on 997 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. Vikram Solar's current Days Payable of 136.01 is 156.3% 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 Vikram Solar and its competitors. For the Semiconductors industry, the median Days Payable is 53.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vikram Solar's current Days Payable is 136.01, which is near median its own 10-year median of 130.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vikram Solar stock overvalued right now?
Vikram Solar (NSE:VIKRAMSOLR) has a current Days Payable of 136.01. The current Days Payable is 136.01, which is near median its 10-year median of 130.93 and 156.3% above the Semiconductors industry median of 53.06. Vikram Solar's overall GF Score™ is 18/100 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 Vikram Solar (NSE:VIKRAMSOLR), the current Days Payable is 136.01 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.

Vikram Solar Business Description

Other Exchanges 544488:India
Address Rajdanga Main Road, The Chambers, 8th Floor, 1865, E.K.T, Kolkata, WB, IND, 700107
Vikram Solar Ltd is one of the India's solar photo-voltaic (PV) modules manufacturers. It is currently undertaking greenfield and brownfield expansion plans, which are expected to increase its installed solar PV module manufacturing capacity to up to 15.50 GW and up to 20.50 GW. Its portfolio of solar energy products consists of the following high-efficiency solar PV modules: (i) p-type monocrystalline silicon based Passivated Emitter and Rear Contact (PERC) modules; (ii) N-Type monocrystalline silicon (N-Type) modules; and (iii) n-type monocrystalline silicon based heterojunction technology (HJT) modules; all of these being either bifacial (glass-to-glass/ glass-to-transparent back sheet) or monofacial (glass-to-white/black back sheet) modules.
18GF Score

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₹188.87
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