Can Fin Homes (BOM:511196) Beneish M-Score: -1.72 (As of Jun. 25, 2026)


BOM:511196 Can Fin Homes Ltd BOM:511196
76 GF Score
Price ₹884.60
GF Value ₹1,057.17
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Can Fin Homes Beneish M-Score?

Can Fin Homes BOM:511196 -0.55% 76 Beneish M-Score is -1.72 as of Jun. 25, 2026. GuruFocus rates BOM:511196 with a GF Score™ of 76/100 and a GF Value™ of ₹1,057.17 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,396 Banks companies, Can Fin Homes ranks worse than 94.77% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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.

Warning Sign:

Beneish M-Score -1.72 higher than -1.78, which implies that the company might have manipulated its financial results.

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

BOM:511196' s Beneish M-Score Range Over the Past 10 Years
Min: -2.17   Med: -1.75   Max: -1.23
Current: -1.72

During the past 13 years, the highest Beneish M-Score of Can Fin Homes was -1.23. The lowest was -2.17. And the median was -1.75.

BOM:511196
76GF Score
Can Fin Homes Ltd BOM:511196
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Can Fin Homes 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 Can Fin Homes 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+0.528 * 1+0.404 * 1.0001+0.892 * 1.2084+0.115 * 0.812
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.090698-0.327 * 1.0062
=-1.72

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was ₹0 Mil.
Revenue was ₹16,448 Mil.
Gross Profit was ₹16,448 Mil.
Total Current Assets was ₹0 Mil.
Total Assets was ₹443,811 Mil.
Property, Plant and Equipment(Net PPE) was ₹499 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹167 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹380,422 Mil.
Net Income was ₹10,858 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-29,395 Mil.
 Total Receivables was ₹0 Mil.
Revenue was ₹13,611 Mil.
Gross Profit was ₹13,611 Mil.
Total Current Assets was ₹0 Mil.
Total Assets was ₹409,673 Mil.
Property, Plant and Equipment(Net PPE) was ₹503 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹129 Mil.
Selling, General, & Admin. Expense(SGA) was ₹254 Mil.
Total Current Liabilities was ₹0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹348,983 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 / 16448.091) / (0 / 13611.104)
=0 / 0
=1

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)
=(13611.104 / 13611.104) / (16448.091 / 16448.091)
=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 - (0 + 498.749) / 443810.565) / (1 - (0 + 503.446) / 409673.338)
=0.998876 / 0.998771
=1.0001

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
=16448.091 / 13611.104
=1.2084

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))
=(128.681 / (128.681 + 503.446)) / (166.875 / (166.875 + 498.749))
=0.203568 / 0.250705
=0.812

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 / 16448.091) / (253.79 / 13611.104)
=0 / 0.018646
=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)
=((380422.297 + 0) / 443810.565) / ((348982.859 + 0) / 409673.338)
=0.857173 / 0.851856
=1.0062

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
=(10857.523 - 0 - -29395.02) / 443810.565
=0.090698

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.

Can Fin Homes has a M-score of -1.72 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 -1.72 mean?
Can Fin Homes (BOM:511196) has a Beneish M-Score of -1.72 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Can Fin Homes and its competitors. According to the industry distribution chart, Can Fin Homes ranks #1323 out of 1396 companies in the Banks industry, placing it in the top 94.8%.
Is Can Fin Homes' Beneish M-Score too high?
Can Fin Homes' current Beneish M-Score is -1.72. Based on the distribution chart, Can Fin Homes ranks #1323 out of 1396 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Can Fin Homes has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Can Fin Homes' Beneish M-Score compare to RKT and FNMA?
According to the Banks industry distribution chart, Can Fin Homes ranks #1323 out of 1396 companies for Beneish M-Score. This places Can Fin Homes 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Can Fin Homes and its competitors. Can Fin Homes's current Beneish M-Score is -1.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Can Fin Homes stock overvalued right now?
Based on GuruFocus' analysis, Can Fin Homes (BOM:511196) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,057.17, compared to a current price of ₹884.60 — trading 16.3% below its estimated fair value. The current Beneish M-Score is -1.72. Can Fin Homes' overall GF Score™ is 76/100 with 3 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 Can Fin Homes (BOM:511196), the current Beneish M-Score is -1.72 as of Jun. 25, 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 Can Fin Homes (BOM:511196) Overvalued in 2026?

Based on GuruFocus' analysis, Can Fin Homes stock appears to be undervalued. The current stock price of ₹884.60 is trading 16.3% below its estimated GF Value™ of ₹1,057.17. GuruFocus considers Can Fin Homes to be Modestly Undervalued.

Key valuation signals for BOM:511196:

  • Beneish M-Score: -1.72
  • GF Value™: ₹1,057.17 vs. price of ₹884.60 (16.3% below fair value)
  • GF Score™: 76/100 with 3 warning signs

No single metric tells the full story. See the BOM:511196 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Can Fin Homes Business Description

Other Exchanges CANFINHOME:India
Address No. 29/1, Sir M N Krishna Rao Road, 1st Floor, Lalbagh West Gate, Basavanagudi, Bengaluru, KA, IND, 560004
Can Fin Homes Ltd is an Indian housing finance institution. The company offers a range of loan products, housing loans as well as non-housing loans. It provides Housing loans to individuals, to Builders/developers, and against Property. The company categorized its business into two structures such as housing loans and non-housing loans. It provides loans for various purposes such as the construction of a house, purchase of ready-built houses/flats, repairs, renovation, and an extension of a house as well as for the purchase of the site from development authorities and private developers/parties. In addition, it also accepts deposits from the public such as Fixed deposits and Cumulative deposits. The revenue generated by the company mainly consists of the interest received.
76GF Score

Get the complete analysis for BOM:511196

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

₹884.60
Price
₹1,057.17
GF Value