VIP IndustriesNSE:VIPIND +0.05%70 Days Payable is 149.65 as of Mar. 2026, which is 28% above its 10-year median of 117.04. GuruFocus rates NSE:VIPIND with a GF Score™ of 70/100 and a GF Value™ of ₹400.96 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,019 Manufacturing - Apparel & Accessories companies, VIP Industries ranks better than 82.24% on this metric.
The historical rank and industry rank for VIP Industries's Days Payable or its related term are showing as below:
NSE:VIPIND'
s Days Payable Range Over the Past 10 Years
Min: 82.36 Med: 117.04 Max: 215.57
Current: 123.81
During the past 13 years, VIP Industries's highest Days Payable was 215.57. The lowest was 82.36. And the median was 117.04.
NSE:VIPIND's Days Payable is ranked better than 82.24% of 1019
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.13
vs NSE:VIPIND: 123.81
VIP Industries's Days Payable
increased
from Mar. 2025 (134.29) to Mar. 2026 (149.65).
It may suggest that VIP Industriesdelayed paying its suppliers.
VIP Industries Days Payable Related Terms
VIP Industries Days Payable Historical Data
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The historical data trend for VIP Industries'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:VIPIND vs NKE, DECK, ONON: Days Payable Comparison
For the Footwear & Accessories subindustry, VIP Industries'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.
VIP Industries Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, VIP Industries's Days Payable distribution charts can be found below:
* The bar in red indicates where VIP Industries'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.
VIP Industries'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.
VIP Industries (NSE:VIPIND) has a Days Payable of 149.65 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 VIP Industries and its competitors. This is 28% above median its historical median of 117.04. Over the past decade, VIP Industries' Days Payable has ranged from 82.36 to 215.57. According to the industry distribution chart, VIP Industries ranks #181 out of 1019 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 17.8%.
Is VIP Industries' Days Payable too high?
VIP Industries' current Days Payable of 149.65 is 28% above median its 10-year median of 117.04. Over the past 10 years, this metric has ranged from a low of 82.36 to a high of 215.57. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.13. VIP Industries' value of 149.65 is 176.5% above this industry median. Based on the distribution chart, VIP Industries ranks #181 out of 1019 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, VIP Industries has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VIP Industries' Days Payable compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, VIP Industries ranks #181 out of 1019 companies for Days Payable. This places VIP Industries in the top 18% of its industry — outperforming the majority of peers. The industry median Days Payable is 54.13. VIP Industries' value of 149.65 is 176.5% above this benchmark. Historically, VIP Industries' own Days Payable has ranged from 82.36 to 215.57 over the past decade. While the company's 10-year median is 117.04 vs. the industry median of 54.13, VIP Industries 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.13, based on 1,019 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. VIP Industries's current Days Payable of 149.65 is 176.5% 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 VIP Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VIP Industries's current Days Payable is 149.65, which is 28% above median its own 10-year median of 117.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VIP Industries stock overvalued right now?
Based on GuruFocus' analysis, VIP Industries (NSE:VIPIND) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹400.96, compared to a current price of ₹312.45 — trading 22.1% below its estimated fair value. The current Days Payable is 149.65, which is 28% above median its 10-year median of 117.04 and 176.5% above the Manufacturing - Apparel & Accessories industry median of 54.13. VIP Industries' overall GF Score™ is 70/100 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 VIP Industries (NSE:VIPIND), the current Days Payable is 149.65 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 VIP Industries (NSE:VIPIND) Overvalued in 2026?
Based on GuruFocus' analysis, VIP Industries stock appears to be undervalued.
The current stock price of ₹312.45 is trading 22.1% below its estimated GF Value™ of ₹400.96.
GuruFocus considers VIP Industries to be Modestly Undervalued.
Key valuation signals for NSE:VIPIND:
Days Payable: 149.65 (28% above median its 10-year median of 117.04)
GF Value™: ₹400.96 vs. price of ₹312.45 (22.1% below fair value)
Industry Position: 176.5% above the Manufacturing - Apparel & Accessories median (#181 of 1019)
No single metric tells the full story. See the NSE:VIPIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VIP Industries Ltd is a luggage manufacturer based in India. The company's only segment is the manufacturing and marketing of luggage, bags, and accessories. Geographically, it derives a majority of revenue from India. VIP has a range of brands across luggage categories including Carlton, VIP Bags, Skybags, Aristocrat, Alfa, and Caprese through which it sells trolleys, rucksacks, backpacks, duffel bags, laptop bags, travel accessories, short-haul essentials, soft uprights, vanity cases, hard suitcases, briefcases, and others.
70GF Score
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