Hindustan Housing Co (BOM:509650) Beneish M-Score: -2.00 (As of Jul. 02, 2026)

What is Hindustan Housing Co Beneish M-Score?

Hindustan Housing Co BOM:509650 11 Beneish M-Score is -2.00 as of Jul. 02, 2026. GuruFocus rates BOM:509650 with a GF Score™ of 11/100 and a GF Value™ of ₹43.04. The stock has 6 warning signs investors should review.

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

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

BOM:509650' s Beneish M-Score Range Over the Past 10 Years
Min: -2.96 Med: -2.46 Max: 0.5
Current: -2

During the past 13 years, the highest Beneish M-Score of Hindustan Housing Co was 0.50. The lowest was -2.96. And the median was -2.46.

Hindustan Housing Co Beneish M-Score Related Terms

Hindustan Housing Co Beneish M-Score Historical Data

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The historical data trend for Hindustan Housing Co'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.

Hindustan Housing Co Beneish M-Score Chart

Hindustan Housing Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Beneish M-Score

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-2.96

0.50

-2.91

-2.89

-2.00

Hindustan Housing Co 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															-2.89	0.00	0.00	0.00	-2.00

BOM:509650 vs WODI, BMMCF: Beneish M-Score Comparison

For the Specialty Business Services subindustry, Hindustan Housing Co'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.

Hindustan Housing Co Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Hindustan Housing Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Hindustan Housing Co's Beneish M-Score falls into.

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11GF Score

Hindustan Housing Co Ltd BOM:509650

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

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Hindustan Housing Co 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 Hindustan Housing Co 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 * 1.2691

0.528 * 1

0.404 * 0.9199

0.892 * 1.0938

0.115 * 1.1612

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0

4.679 * 0.019551

0.327 * 1.317

-2.00

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was ₹0.73 Mil.
Revenue was ₹55.30 Mil.
Gross Profit was ₹55.30 Mil.
Total Current Assets was ₹206.97 Mil.
Total Assets was ₹663.80 Mil.
Property, Plant and Equipment(Net PPE) was ₹10.18 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹1.38 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.00 Mil.
Total Current Liabilities was ₹8.57 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Net Income was ₹22.22 Mil.
Gross Profit was ₹0.00 Mil.
Cash Flow from Operations was ₹9.24 Mil.

Total Receivables was ₹0.52 Mil.
Revenue was ₹50.56 Mil.
Gross Profit was ₹50.56 Mil.
Total Current Assets was ₹179.97 Mil.
Total Assets was ₹707.85 Mil.
Property, Plant and Equipment(Net PPE) was ₹10.11 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹1.63 Mil.
Selling, General, & Admin. Expense(SGA) was ₹3.20 Mil.
Total Current Liabilities was ₹6.94 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)
	=	(0.726 / 55.302)	/	(0.523 / 50.561)
	=	0.013128	/	0.010344
	=	1.2691

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)
	=	(50.561 / 50.561)	/	(55.302 / 55.302)
	=	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 - (206.973 + 10.175) / 663.799)	/	(1 - (179.97 + 10.114) / 707.849)
	=	0.672871	/	0.731463
	=	0.9199

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
	=	55.302	/	50.561
	=	1.0938

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))
	=	(1.632 / (1.632 + 10.114))	/	(1.383 / (1.383 + 10.175))
	=	0.138941	/	0.119657
	=	1.1612

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 / 55.302)	/	(3.2 / 50.561)
	=	0	/	0.06329
	=	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 + 8.569) / 663.799)	/	((0 + 6.938) / 707.849)
	=	0.012909	/	0.009802
	=	1.317

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
	=	(22.222 - 0	-	9.244)	/	663.799
	=	0.019551

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.

Hindustan Housing Co has a M-score of -2.00 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 -2.00 mean?

Hindustan Housing Co (BOM:509650) has a Beneish M-Score of -2.00 as of Jul. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hindustan Housing Co and its competitors.

Is Hindustan Housing Co's Beneish M-Score too high?

Hindustan Housing Co's current Beneish M-Score is -2.00. Overall, Hindustan Housing Co has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.

How does Hindustan Housing Co's Beneish M-Score compare to WODI and BMMCF?

Hindustan Housing Co's Beneish M-Score of -2.00 can be compared against companies in the Business Services 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 Business Services company?

A good Beneish M-Score depends on the Business 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 Hindustan Housing Co and its competitors. Hindustan Housing Co's current Beneish M-Score is -2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hindustan Housing Co stock overvalued right now?

Hindustan Housing Co (BOM:509650) has a current Beneish M-Score of -2.00. The stock's GF Value™ is ₹43.04, compared to a current price of ₹38.74 — trading 10% below its estimated fair value. The current Beneish M-Score is -2.00. Hindustan Housing Co's overall GF Score™ is 11/100 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 Hindustan Housing Co (BOM:509650), the current Beneish M-Score is -2.00 as of Jul. 02, 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 Hindustan Housing Co (BOM:509650) Overvalued in 2026?

Based on GuruFocus' analysis, Hindustan Housing Co stock appears to be undervalued. The current stock price of ₹38.74 is trading 10% below its estimated GF Value™ of ₹43.04.

Key valuation signals for BOM:509650:

Beneish M-Score: -2.00
GF Value™: ₹43.04 vs. price of ₹38.74 (10% below fair value)
GF Score™: 11/100 with 6 warning signs

No single metric tells the full story. See the BOM:509650 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hindustan Housing Co Business Description

Industry Industrials Business Services

Comparable Companies WODI BOM:538575 XLIS:LIT WAR:ICP BMMCF XCNQ:AYL WAR:ACA XBRU:ALEVA WAR:TXN WAR:BTG WAR:CWA BOM:523712 WAR:MMC WAR:NFP WAR:MBF BOM:530177 BOM:537784 BOM:539403 TSXV:BYM.H BOM:540945

Address Jamnalal Bajaj Marg, 2nd Floor, Bajaj Bhavan, 226, Nariman Point, Mumbai, MH, IND, 400021

Website https://www.hhclbajaj.com

Hindustan Housing Co Ltd is engaged in the business of providing various kinds of administrative and allied services and facilities to companies. Its services include Airconditioning Systems, General Administrative, and other services. Geographically, the company operates only in India.

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

₹38.74

Price

₹43.04

GF Value

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