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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 -2.86 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Gourmet Gateway India's Beneish M-Score or its related term are showing as below:
BOM:506134'
s Beneish M-Score Range Over the Past 10 Years
Min: -8.65 Med: -2.81 Max: -2
Current: -2.86
During the past 13 years, the highest Beneish M-Score of Gourmet Gateway India was -2.00. The lowest was -8.65. And the median was -2.81.
Gourmet Gateway India Beneish M-Score Related Terms
Gourmet Gateway India Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Gourmet Gateway India'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:506134 vs MCD, SBUX, YUM: Beneish M-Score Comparison
For the Restaurants subindustry, Gourmet Gateway India'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.
Gourmet Gateway India Beneish M-Score vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Gourmet Gateway India's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Gourmet Gateway India'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 Gourmet Gateway India 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 * 1.0285
+
0.528 * 0.9946
+
0.404 * 1.097
+
0.892 * 1.1617
+
0.115 * 0.7599
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0
+
4.679 * -0.160076
-
0.327 * 0.9501
=
-2.86
* 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))
=
(198.922 / (198.922 + 1038.455))
/
(232.032 / (232.032 + 864.788))
=
0.160761
/
0.21155
=
0.7599
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
=
(-4.667 - 0
-
297.191)
/
1885.718
=
-0.160076
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.
Gourmet Gateway India has a M-score of -2.86 suggests that the company is unlikely to be a manipulator.
Gourmet Gateway India (BOM:506134) has a Beneish M-Score of -2.86 as of Jul. 19, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Gourmet Gateway India and its competitors. According to the industry distribution chart, Gourmet Gateway India ranks #145 out of 355 companies in the Restaurants industry, placing it in the top 40.8%.
Is Gourmet Gateway India's Beneish M-Score too high?
Gourmet Gateway India's current Beneish M-Score is -2.86. Based on the distribution chart, Gourmet Gateway India ranks #145 out of 355 companies in the Restaurants industry, which is above the industry midpoint. Overall, Gourmet Gateway India has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gourmet Gateway India's Beneish M-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Gourmet Gateway India ranks #145 out of 355 companies for Beneish M-Score. This puts Gourmet Gateway India in the upper 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 Restaurants company?
A good Beneish M-Score depends on the Restaurants 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 Gourmet Gateway India and its competitors. Gourmet Gateway India's current Beneish M-Score is -2.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gourmet Gateway India stock overvalued right now?
Based on GuruFocus' analysis, Gourmet Gateway India (BOM:506134) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹25.20, compared to a current price of ₹11.72 — trading 53.5% below its estimated fair value. The current Beneish M-Score is -2.86. Gourmet Gateway India's overall GF Score™ is 52/100 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 Gourmet Gateway India (BOM:506134), the current Beneish M-Score is -2.86 as of Jul. 19, 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 Gourmet Gateway India (BOM:506134) Overvalued in 2026?
Based on GuruFocus' analysis, Gourmet Gateway India stock appears to be undervalued.
The current stock price of ₹11.72 is trading 53.5% below its estimated GF Value™ of ₹25.20.
GuruFocus considers Gourmet Gateway India to be Significantly Undervalued.
Key valuation signals for BOM:506134:
Beneish M-Score: -2.86
GF Value™: ₹25.20 vs. price of ₹11.72 (53.5% below fair value)
No single metric tells the full story. See the BOM:506134 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gourmet Gateway India Ltd is engaged in food and beverage brands with a presence across India, Sri Lanka & Maldives. Its portfolio includes a Cafe chain, a Pan Asian business, an Indian food QSR chain, and a Patisserie business. The company brands include Barista Coffee, Kylin, Wanchai, Drizzle & Dust, and Sassy Begum. The Company deals in only one segment i.e. Food Business.
52GF Score
Get the complete analysis for BOM:506134
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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