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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 -1.82 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Investment & Precision Castings's Beneish M-Score or its related term are showing as below:
BOM:504786'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.88 Med: -2.58 Max: -1.82
Current: -1.82
During the past 13 years, the highest Beneish M-Score of Investment & Precision Castings was -1.82. The lowest was -2.88. And the median was -2.58.
Investment & Precision Castings Beneish M-Score Related Terms
Investment & Precision Castings 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:504786 vs NUE, STLD, RS: Beneish M-Score Comparison
For the Steel subindustry, Investment & Precision Castings'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.
Investment & Precision Castings Beneish M-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Investment & Precision Castings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Investment & Precision Castings'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 Investment & Precision Castings 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 * 0.8058
+
0.528 * 0.9086
+
0.404 * 3.1352
+
0.892 * 1.1406
+
0.115 * 1.0592
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0
+
4.679 * -0.064723
-
0.327 * 0.9409
=
-1.82
* 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))
=
(81.28 / (81.28 + 914.198))
/
(85.19 / (85.19 + 1019.914))
=
0.081649
/
0.077088
=
1.0592
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
=
(117.615 - 0
-
257.785)
/
2165.677
=
-0.064723
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.
Investment & Precision Castings has a M-score of -1.82 suggests that the company is unlikely to be a manipulator.
Investment & Precision Castings (BOM:504786) has a Beneish M-Score of -1.82 as of Jul. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Investment & Precision Castings and its competitors. According to the industry distribution chart, Investment & Precision Castings ranks #460 out of 587 companies in the Steel industry, placing it in the top 78.4%.
Is Investment & Precision Castings' Beneish M-Score too high?
Investment & Precision Castings' current Beneish M-Score is -1.82. Based on the distribution chart, Investment & Precision Castings ranks #460 out of 587 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Investment & Precision Castings has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Investment & Precision Castings' Beneish M-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Investment & Precision Castings ranks #460 out of 587 companies for Beneish M-Score. This places Investment & Precision Castings 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 Steel company?
A good Beneish M-Score depends on the Steel 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 Investment & Precision Castings and its competitors. Investment & Precision Castings's current Beneish M-Score is -1.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Investment & Precision Castings stock overvalued right now?
Based on GuruFocus' analysis, Investment & Precision Castings (BOM:504786) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹464.15, compared to a current price of ₹1,002.50 — trading 116% above its estimated fair value. The current Beneish M-Score is -1.82. Investment & Precision Castings' overall GF Score™ is 57/100 with 6 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 Investment & Precision Castings (BOM:504786), the current Beneish M-Score is -1.82 as of Jul. 28, 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 Investment & Precision Castings (BOM:504786) Overvalued in 2026?
Based on GuruFocus' analysis, Investment & Precision Castings stock appears to be overvalued.
The current stock price of ₹1,002.50 is trading 116% above its estimated GF Value™ of ₹464.15.
GuruFocus considers Investment & Precision Castings to be Significantly Overvalued.
Key valuation signals for BOM:504786:
Beneish M-Score: -1.82
GF Value™: ₹464.15 vs. price of ₹1,002.50 (116% above fair value)
No single metric tells the full story. See the BOM:504786 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Investment & Precision Castings Business Description
Investment & Precision Castings Ltd is engaged in the steel casting business. The company's products portfolio includes two-three-four-wheeler, bus tractor parts; aircraft parts; turbochargers for diesel engines; power plants, pumps and valves, medical implants; electrical and instrumentation; general engineering; electronics; electronics; compressors; artisan castings; and machined components from bar stock. The company also provides its products and services to ancillaries and the wind power generation industry. It operates in two segments Investment Castings and Power Generation. The majority of the company's revenue comes from the Investment Castings segment.
57GF Score
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