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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 -3.34 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Automobile of GOA's Beneish M-Score or its related term are showing as below:
BOM:505036'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.34 Med: -2.79 Max: 1.09
Current: -3.34
During the past 13 years, the highest Beneish M-Score of Automobile of GOA was 1.09. The lowest was -3.34. And the median was -2.79.
The historical data trend for Automobile of GOA'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.
BOM:505036 vs ORLY, AZO: Beneish M-Score Comparison
For the Auto Parts subindustry, Automobile of GOA'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.
Automobile of GOA Beneish M-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Automobile of GOA's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Automobile of GOA'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 Automobile of GOA 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 * 0.3446
+
0.528 * 1.0158
+
0.404 * 0.7135
+
0.892 * 1.4088
+
0.115 * 1.2175
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.7843
+
4.679 * -0.144453
-
0.327 * 0.6948
=
-3.34
* 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))
=
(46.024 / (46.024 + 626.526))
/
(56.65 / (56.65 + 951.196))
=
0.068432
/
0.056209
=
1.2175
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
=
(698.906 - 0
-
1361.669)
/
4588.076
=
-0.144453
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.
Automobile of GOA has a M-score of -3.34 suggests that the company is unlikely to be a manipulator.
Automobile of GOA (BOM:505036) has a Beneish M-Score of -3.34 as of Jul. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Automobile of GOA and its competitors. According to the industry distribution chart, Automobile of GOA ranks #74 out of 1272 companies in the Vehicles & Parts industry, placing it in the top 5.8%.
Is Automobile of GOA's Beneish M-Score too high?
Automobile of GOA's current Beneish M-Score is -3.34. Based on the distribution chart, Automobile of GOA ranks #74 out of 1272 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Automobile of GOA has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Automobile of GOA's Beneish M-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Automobile of GOA ranks #74 out of 1272 companies for Beneish M-Score. This places Automobile of GOA in the top 6% of its industry — outperforming the majority of peers. 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Automobile of GOA and its competitors. Automobile of GOA's current Beneish M-Score is -3.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Automobile of GOA stock overvalued right now?
Based on GuruFocus' analysis, Automobile of GOA (BOM:505036) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,872.43, compared to a current price of ₹2,147.90 — trading 25.2% below its estimated fair value. The current Beneish M-Score is -3.34. Automobile of GOA's overall GF Score™ is 77/100 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 Automobile of GOA (BOM:505036), the current Beneish M-Score is -3.34 as of Jul. 30, 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 Automobile of GOA (BOM:505036) Overvalued in 2026?
Based on GuruFocus' analysis, Automobile of GOA stock appears to be undervalued.
The current stock price of ₹2,147.90 is trading 25.2% below its estimated GF Value™ of ₹2,872.43.
GuruFocus considers Automobile of GOA to be Modestly Undervalued.
Key valuation signals for BOM:505036:
Beneish M-Score: -3.34
GF Value™: ₹2,872.43 vs. price of ₹2,147.90 (25.2% below fair value)
No single metric tells the full story. See the BOM:505036 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Automobile Corp of GOA Ltd is engaged in the manufacture of pressed parts, components, and sub-assemblies for various ranges of automobiles, and the manufacture of bus bodies and parts thereof. It operates in two reportable segments: The Pressing Division and the Bus Body Building Division. The Pressing Division segment is engaged in the manufacture of pressed parts, components, sub-assemblies, and assemblies for a wide range of automobiles. The Bus Body division segment, which generates maximum revenue, is engaged in the manufacturing of bus bodies and parts for bus bodies.
77GF Score
Get the complete analysis for BOM:505036
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