LIC Housing Finance (BOM:500253) Beneish M-Score: -2.06 (As of Jun. 29, 2026)


BOM:500253 LIC Housing Finance Ltd BOM:500253
71 GF Score
Price ₹549.80
GF Value ₹606.97
Valuation Fairly Valued
! 2 Warning Signs
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What is LIC Housing Finance Beneish M-Score?

LIC Housing Finance BOM:500253 -0.14% 71 Beneish M-Score is -2.06 as of Jun. 29, 2026. GuruFocus rates BOM:500253 with a GF Score™ of 71/100 and a GF Value™ of ₹606.97 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,399 Banks companies, LIC Housing Finance ranks worse than 88.99% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -2.06 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for LIC Housing Finance's Beneish M-Score or its related term are showing as below:

BOM:500253' s Beneish M-Score Range Over the Past 10 Years
Min: -2.21   Med: -2.01   Max: -1.73
Current: -2.06

During the past 13 years, the highest Beneish M-Score of LIC Housing Finance was -1.73. The lowest was -2.21. And the median was -2.01.

BOM:500253
71GF Score
LIC Housing Finance Ltd BOM:500253
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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LIC Housing Finance Beneish M-Score Calculation

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 LIC Housing Finance 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+0.528 * 1+0.404 * 1+0.892 * 1.0573+0.115 * 0.8943
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.043379-0.327 * 0.9792
=-2.06

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was ₹0 Mil.
Revenue was ₹89,136 Mil.
Gross Profit was ₹89,136 Mil.
Total Current Assets was ₹0 Mil.
Total Assets was ₹3,252,130 Mil.
Property, Plant and Equipment(Net PPE) was ₹3,478 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹1,217 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2,662,162 Mil.
Net Income was ₹56,037 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-85,038 Mil.
 Total Receivables was ₹0 Mil.
Revenue was ₹84,304 Mil.
Gross Profit was ₹84,304 Mil.
Total Current Assets was ₹0 Mil.
Total Assets was ₹3,140,404 Mil.
Property, Plant and Equipment(Net PPE) was ₹3,240 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹978 Mil.
Selling, General, & Admin. Expense(SGA) was ₹595 Mil.
Total Current Liabilities was ₹0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2,625,383 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(0 / 89136.3) / (0 / 84303.7)
=0 / 0
=1

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(84303.7 / 84303.7) / (89136.3 / 89136.3)
=1 / 1
=1

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (0 + 3478.3) / 3252129.5) / (1 - (0 + 3239.8) / 3140403.8)
=0.99893 / 0.998968
=1

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

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.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=89136.3 / 84303.7
=1.0573

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

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))
=(977.7 / (977.7 + 3239.8)) / (1217.2 / (1217.2 + 3478.3))
=0.23182 / 0.259227
=0.8943

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

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(0 / 89136.3) / (594.8 / 84303.7)
=0 / 0.007055
=0

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((2662162 + 0) / 3252129.5) / ((2625382.8 + 0) / 3140403.8)
=0.81859 / 0.836002
=0.9792

8. TATA = Total Accruals to Total Assets

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
=(56036.7 - 0 - -85038.3) / 3252129.5
=0.043379

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.

LIC Housing Finance has a M-score of -2.06 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.06 mean?
LIC Housing Finance (BOM:500253) has a Beneish M-Score of -2.06 as of Jun. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on LIC Housing Finance and its competitors. According to the industry distribution chart, LIC Housing Finance ranks #1245 out of 1399 companies in the Banks industry, placing it in the top 89%.
Is LIC Housing Finance's Beneish M-Score too high?
LIC Housing Finance's current Beneish M-Score is -2.06. Based on the distribution chart, LIC Housing Finance ranks #1245 out of 1399 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, LIC Housing Finance has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does LIC Housing Finance's Beneish M-Score compare to RKT and FNMA?
According to the Banks industry distribution chart, LIC Housing Finance ranks #1245 out of 1399 companies for Beneish M-Score. This places LIC Housing Finance 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 a Banks company?
A good Beneish M-Score depends on the Banks 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 LIC Housing Finance and its competitors. LIC Housing Finance's current Beneish M-Score is -2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LIC Housing Finance stock overvalued right now?
Based on GuruFocus' analysis, LIC Housing Finance (BOM:500253) is currently considered Fairly Valued. The stock's GF Value™ is ₹606.97, compared to a current price of ₹549.80 — trading 9.4% below its estimated fair value. The current Beneish M-Score is -2.06. LIC Housing Finance's overall GF Score™ is 71/100 with 2 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 LIC Housing Finance (BOM:500253), the current Beneish M-Score is -2.06 as of Jun. 29, 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 LIC Housing Finance (BOM:500253) Overvalued in 2026?

Based on GuruFocus' analysis, LIC Housing Finance stock appears to be undervalued. The current stock price of ₹549.80 is trading 9.4% below its estimated GF Value™ of ₹606.97. GuruFocus considers LIC Housing Finance to be Fairly Valued.

Key valuation signals for BOM:500253:

  • Beneish M-Score: -2.06
  • GF Value™: ₹606.97 vs. price of ₹549.80 (9.4% below fair value)
  • GF Score™: 71/100 with 2 warning signs

No single metric tells the full story. See the BOM:500253 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

LIC Housing Finance Business Description

Other Exchanges LICHSGFIN:India
Address 131 Maker Tower, F Premises, 13th Floor, Cuffe Parade, Mumbai, MH, IND, 400 005
LIC Housing Finance Ltd is a housing finance company that provides loans in India. Its main objective is to provides long-term finance to individuals for the purchase or construction of houses/flats for residential purposes. also provides finance on existing property for business/ personal needs and also gives loans to professionals for the purchase/ construction of clinics, nursing homes, diagnostic centres, office spaces, and equipment. The company also provides finance to builders and developers engaged in the business of construction of houses or flats for residential purposes and to be sold by them.
71GF Score

Get the complete analysis for BOM:500253

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

₹549.80
Price
₹606.97
GF Value