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The zones of discrimination for M-Score is as such:
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Good Sign:
Beneish M-Score -2.39 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Kirloskar Ferrous Industries's Beneish M-Score or its related term are showing as below:
BOM:500245'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.09 Med: -2.34 Max: -1.4
Current: -2.39
During the past 13 years, the highest Beneish M-Score of Kirloskar Ferrous Industries was -1.40. The lowest was -3.09. And the median was -2.34.
Kirloskar Ferrous Industries Beneish M-Score Related Terms
Kirloskar Ferrous Industries Beneish M-Score Historical Data
* 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.
BOM:500245 vs CRS, ATI, MLI: Beneish M-Score Comparison
For the Metal Fabrication subindustry, Kirloskar Ferrous Industries's Beneish M-Score, along with its competitors' market caps and Beneish M-Score 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.
Kirloskar Ferrous Industries Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kirloskar Ferrous Industries's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Kirloskar Ferrous Industries's Beneish M-Score falls into.
The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.
The M-Score Variables:
The M-score of Kirloskar Ferrous Industries for today is based on a combination of the following eight different indices:
M
=
-4.84
+
0.92 * DSRI
+
0.528 * GMI
+
0.404 * AQI
+
0.892 * SGI
+
0.115 * DEPI
=
-4.84
+
0.92 * 1.0463
+
0.528 * 1.0523
+
0.404 * 1.6488
+
0.892 * 1.0279
+
0.115 * 0.9824
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9719
+
4.679 * -0.065982
-
0.327 * 0.8958
=
-2.39
* 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.
Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.
DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.
DEPI
=
(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))
/
(Depreciation_t / (Depreciaton_t + PPE_t))
=
(2558.3 / (2558.3 + 39240))
/
(2669.1 / (2669.1 + 40170.8))
=
0.061206
/
0.062304
=
0.9824
Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.
6. SGAI = Sales, General and Administrative expenses Index
Total accruals calculated as the change in working capital accounts other than cash less depreciation.
TATA
=
(IncomefromContinuingOperations_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(NetIncome_t - NonOperatingIncome_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(5072.2 - 0
-
9419.8)
/
65890.4
=
-0.065982
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Kirloskar Ferrous Industries has a M-score of -2.39 suggests that the company is unlikely to be a manipulator.
Kirloskar Ferrous Industries (BOM:500245) has a Beneish M-Score of -2.39 as of Jul. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kirloskar Ferrous Industries and its competitors. According to the industry distribution chart, Kirloskar Ferrous Industries ranks #1639 out of 2911 companies in the Industrial Products industry, placing it in the top 56.3%.
Is Kirloskar Ferrous Industries' Beneish M-Score too high?
Kirloskar Ferrous Industries' current Beneish M-Score is -2.39. Based on the distribution chart, Kirloskar Ferrous Industries ranks #1639 out of 2911 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Kirloskar Ferrous Industries has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kirloskar Ferrous Industries' Beneish M-Score compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Kirloskar Ferrous Industries ranks #1639 out of 2911 companies for Beneish M-Score. This places Kirloskar Ferrous Industries in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kirloskar Ferrous Industries and its competitors. Kirloskar Ferrous Industries's current Beneish M-Score is -2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kirloskar Ferrous Industries stock overvalued right now?
Based on GuruFocus' analysis, Kirloskar Ferrous Industries (BOM:500245) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹593.77, compared to a current price of ₹469.75 — trading 20.9% below its estimated fair value. The current Beneish M-Score is -2.39. Kirloskar Ferrous Industries' overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Kirloskar Ferrous Industries (BOM:500245), the current Beneish M-Score is -2.39 as of Jul. 25, 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 Kirloskar Ferrous Industries (BOM:500245) Overvalued in 2026?
Based on GuruFocus' analysis, Kirloskar Ferrous Industries stock appears to be undervalued.
The current stock price of ₹469.75 is trading 20.9% below its estimated GF Value™ of ₹593.77.
GuruFocus considers Kirloskar Ferrous Industries to be Modestly Undervalued.
Key valuation signals for BOM:500245:
Beneish M-Score: -2.39
GF Value™: ₹593.77 vs. price of ₹469.75 (20.9% below fair value)
No single metric tells the full story. See the BOM:500245 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kirloskar Ferrous Industries Ltd is an India-based company that is engaged in manufacturing pig iron and gray iron castings. The company's pig iron and casting products are used in various industries, such as automotive engineering, infrastructure and construction, agriculture, manufacturing, textile mills, and steel industries. Its segments include Casting, Tube, and Steel of which key revenue is derived from the Casting segment.
83GF Score
Get the complete analysis for BOM:500245
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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