Jayabharat Credit (BOM:501311) Beneish M-Score: 0.00 (As of Jul. 06, 2026)

What is Jayabharat Credit Beneish M-Score?

Jayabharat Credit BOM:501311 -4.95% 38 Beneish M-Score is 0.00 as of Jul. 06, 2026. GuruFocus rates BOM:501311 with a GF Score™ of 38/100. Among 85 Diversified Financial Services companies, Jayabharat Credit ranks worse than 1176469.41% on this metric.

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.

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

During the past 13 years, the highest Beneish M-Score of Jayabharat Credit was 0.00. The lowest was 0.00. And the median was 0.00.

Jayabharat Credit Beneish M-Score Related Terms

Jayabharat Credit Beneish M-Score Historical Data

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The historical data trend for Jayabharat Credit's Beneish M-Score 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.

Jayabharat Credit Beneish M-Score Chart

Jayabharat Credit Annual Data

Trend

Mar17

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Mar26

Beneish M-Score

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0.00

Jayabharat Credit Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

BOM:501311 vs XXI, CCXI, DMII: Beneish M-Score Comparison

For the Shell Companies subindustry, Jayabharat Credit'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.

Jayabharat Credit Beneish M-Score vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Jayabharat Credit's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Jayabharat Credit's Beneish M-Score falls into.

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38GF Score

Jayabharat Credit Ltd BOM:501311

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Jayabharat Credit 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 Jayabharat Credit for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was ₹0.00 Mil.
Revenue was ₹0.00 Mil.
Gross Profit was ₹0.00 Mil.
Total Current Assets was ₹0.27 Mil.
Total Assets was ₹0.30 Mil.
Property, Plant and Equipment(Net PPE) was ₹0.02 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.03 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.00 Mil.
Total Current Liabilities was ₹619.60 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Net Income was ₹-10.71 Mil.
Gross Profit was ₹0.00 Mil.
Cash Flow from Operations was ₹-10.11 Mil.

Total Receivables was ₹0.00 Mil.
Revenue was ₹0.00 Mil.
Gross Profit was ₹0.00 Mil.
Total Current Assets was ₹1.61 Mil.
Total Assets was ₹1.66 Mil.
Property, Plant and Equipment(Net PPE) was ₹0.05 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.07 Mil.
Selling, General, & Admin. Expense(SGA) was ₹4.14 Mil.
Total Current Liabilities was ₹610.26 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 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 / 0)	/	(0 / 0)
	=		/
	=

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)
	=	(0 / 0)	/	(0 / 0)
	=		/
	=

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 - (0.274 + 0.023) / 0.297)	/	(1 - (1.607 + 0.051) / 1.658)
	=	-0	/	0
	=

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
	=	0	/	0
	=

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))
	=	(0.068 / (0.068 + 0.051))	/	(0.028 / (0.028 + 0.023))
	=	0.571429	/	0.54902
	=

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 / 0)	/	(4.136 / 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)
	=	((0 + 619.6) / 0.297)	/	((0 + 610.255) / 1.658)
	=	2086.195286	/	368.066948
	=

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
	=	(-10.706 - 0	-	-10.111)	/	0.297
	=	-2.003367

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.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 0.00 mean?

Jayabharat Credit (BOM:501311) has a Beneish M-Score of 0.00 as of Jul. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jayabharat Credit and its competitors. According to the industry distribution chart, Jayabharat Credit ranks #999999 out of 85 companies in the Diversified Financial Services industry.

Is Jayabharat Credit's Beneish M-Score too high?

Jayabharat Credit's current Beneish M-Score is 0.00. Based on the distribution chart, Jayabharat Credit ranks #999999 out of 85 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, Jayabharat Credit has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.

How does Jayabharat Credit's Beneish M-Score compare to XXI and CCXI?

According to the Diversified Financial Services industry distribution chart, Jayabharat Credit ranks #999999 out of 85 companies for Beneish M-Score. This places Jayabharat Credit 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 Diversified Financial Services company?

A good Beneish M-Score depends on the Diversified Financial Services 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 Jayabharat Credit and its competitors. Jayabharat Credit's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Jayabharat Credit stock overvalued right now?

Jayabharat Credit (BOM:501311) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Jayabharat Credit's overall GF Score™ is 38/100. 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 Jayabharat Credit (BOM:501311), the current Beneish M-Score is 0.00 as of Jul. 06, 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.

Jayabharat Credit Business Description

Industry Financial Services Diversified Financial Services

Comparable Companies BOM:505797 BOM:538919 BOM:521080 BOM:531155 BOM:526877 BOM:531681 BOM:538707 BOM:531265 BOM:526683 BOM:532645 XXI XKRX:319400 CCXI DMII LSE:MAY BCSS EVAC CEPF CXII AEXA

Address Mumbai Samachar Marg, 19-20, Rajabahadur Mansion No. 22, 4th Floor, Opposite SBI Main branch, Near Stock Exchange, Fort, Mumbai, MH, IND, 400023

Website https://www.jayabharat.com

Jayabharat Credit Ltd was originally engaged in general insurance business but later transitioned to focus on hire purchase and leasing activities as a Non-Banking Finance Company (NBFC). The company provided financing for trucks under hire-purchase schemes. However, in recent years, Jayabharat Credit Ltd has become largely non-operational and has ceased its NBFC activities. Currently, it is considered financially stable but with limited active business operations.

38GF Score

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