VMS TMTNSE:VMSTMT +2.72%12 Days Payable is 12.57 as of Mar. 2026, which is 42% above its 10-year median of 8.84. GuruFocus rates NSE:VMSTMT with a GF Score™ of 12/100. The stock has 3 warning signs investors should review. Among 598 Steel companies, VMS TMT ranks worse than 79.43% on this metric.
VMS TMT's average Accounts Payable for the
three
months ended in Mar. 2026 was ₹234 Mil. VMS TMT's Cost of Goods Sold for the
three
months ended in Mar. 2026 was ₹1,700 Mil.
Hence, VMS TMT's Days Payable for the
three
months ended in Mar. 2026 was 12.57.
The historical rank and industry rank for VMS TMT's Days Payable or its related term are showing as below:
NSE:VMSTMT'
s Days Payable Range Over the Past 10 Years
Min: 5.69 Med: 8.84 Max: 19.49
Current: 18.3
During the past 5 years, VMS TMT's highest Days Payable was 19.49. The lowest was 5.69. And the median was 8.84.
NSE:VMSTMT's Days Payable is ranked worse than 79.43% of 598
companies
in the Steel industry
Industry Median: 41.385
vs NSE:VMSTMT: 18.30
VMS TMT's Days Payable
declined
from Mar. 2025 (24.98) to Mar. 2026 (12.57).
It may suggest that VMS TMTaccelerated paying its suppliers.
VMS TMT Days Payable Related Terms
VMS TMT Days Payable Historical Data
* Premium members only.
The historical data trend for VMS TMT'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:VMSTMT vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, VMS TMT'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.
VMS TMT Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, VMS TMT's Days Payable distribution charts can be found below:
* The bar in red indicates where VMS TMT'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.
VMS TMT'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.
VMS TMT (NSE:VMSTMT) has a Days Payable of 12.57 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 VMS TMT and its competitors. This is 42% above median its historical median of 8.84. Over the past decade, VMS TMT's Days Payable has ranged from 5.69 to 19.49. According to the industry distribution chart, VMS TMT ranks #475 out of 598 companies in the Steel industry, placing it in the top 79.4%.
Is VMS TMT's Days Payable too high?
VMS TMT's current Days Payable of 12.57 is 42% above median its 10-year median of 8.84. Over the past 10 years, this metric has ranged from a low of 5.69 to a high of 19.49. The Steel industry median Days Payable is 41.39. VMS TMT's value of 12.57 is 69.6% below this industry median. Based on the distribution chart, VMS TMT ranks #475 out of 598 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, VMS TMT has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does VMS TMT's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, VMS TMT ranks #475 out of 598 companies for Days Payable. This places VMS TMT in the lower half of its industry. The industry median Days Payable is 41.39. VMS TMT's value of 12.57 is 69.6% below this benchmark. Historically, VMS TMT's own Days Payable has ranged from 5.69 to 19.49 over the past decade. While the company's 10-year median is 8.84 vs. the industry median of 41.39, VMS TMT 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 Steel company?
The median Days Payable among Steel companies is 41.39, based on 598 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. VMS TMT's current Days Payable of 12.57 is 69.6% 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 VMS TMT 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. VMS TMT's current Days Payable is 12.57, which is 42% above median its own 10-year median of 8.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VMS TMT stock overvalued right now?
VMS TMT (NSE:VMSTMT) has a current Days Payable of 12.57. The current Days Payable is 12.57, which is 42% above median its 10-year median of 8.84 and 69.6% below the Steel industry median of 41.39. VMS TMT's overall GF Score™ is 12/100 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 VMS TMT (NSE:VMSTMT), the current Days Payable is 12.57 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.
VMS TMT Ltd is engaged in manufacturing of Thermo Mechanically Treated Bars (TMT Bars) at its manufacturing facility situated at Bhayla Village, Ahmedabad, Gujarat, India. TMT Bars are high-strength reinforcement steel used widely in construction industry due to their exceptional strength, ductility, and corrosion resistance. Its revenue from operations also includes sale of scrap, binding wires and billets.
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