Media Matrix Worldwide (BOM:512267) Beneish M-Score: -2.57 (As of Jun. 30, 2026)


BOM:512267 Media Matrix Worldwide Ltd BOM:512267
71 GF Score
Price ₹13.65
GF Value ₹14.72
Valuation Fairly Valued
! 3 Warning Signs
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What is Media Matrix Worldwide Beneish M-Score?

Media Matrix Worldwide BOM:512267 -0.36% 71 Beneish M-Score is -2.57 as of Jun. 30, 2026. GuruFocus rates BOM:512267 with a GF Score™ of 71/100 and a GF Value™ of ₹14.72 (Fairly Valued). The stock has 3 warning signs investors should review. Among 983 Media - Diversified companies, Media Matrix Worldwide ranks worse than 51.17% on this metric.

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 -2.57 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Media Matrix Worldwide's Beneish M-Score or its related term are showing as below:

BOM:512267' s Beneish M-Score Range Over the Past 10 Years
Min: -4.99   Med: -1.69   Max: 3.07
Current: -2.57

During the past 13 years, the highest Beneish M-Score of Media Matrix Worldwide was 3.07. The lowest was -4.99. And the median was -1.69.


Media Matrix Worldwide Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Media Matrix Worldwide'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.

Media Matrix Worldwide Beneish M-Score Chart

Media Matrix Worldwide Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.96 -1.54 -1.83 -2.70 -2.57

Media Matrix Worldwide 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.70 0.00 0.00 0.00 -2.57

BOM:512267 vs NFLX, DIS, WBD: Beneish M-Score Comparison

For the Entertainment subindustry, Media Matrix Worldwide'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.


Media Matrix Worldwide Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Media Matrix Worldwide's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Media Matrix Worldwide's Beneish M-Score falls into.


BOM:512267
71GF Score
Media Matrix Worldwide Ltd BOM:512267
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Media Matrix Worldwide 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 Media Matrix Worldwide 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 * 1.4065+0.528 * 0.6767+0.404 * 0.8901+0.892 * 0.6661+0.115 * 0.9456
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * -0.035751-0.327 * 0.8606
=-2.57

* 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 ₹943 Mil.
Revenue was ₹12,570 Mil.
Gross Profit was ₹670 Mil.
Total Current Assets was ₹1,806 Mil.
Total Assets was ₹2,382 Mil.
Property, Plant and Equipment(Net PPE) was ₹28 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹7 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹225 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,077 Mil.
Net Income was ₹59 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹144 Mil.
Total Receivables was ₹1,006 Mil.
Revenue was ₹18,870 Mil.
Gross Profit was ₹681 Mil.
Total Current Assets was ₹2,648 Mil.
Total Assets was ₹3,618 Mil.
Property, Plant and Equipment(Net PPE) was ₹35 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹8 Mil.
Selling, General, & Admin. Expense(SGA) was ₹356 Mil.
Total Current Liabilities was ₹629 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,669 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)
=(942.774 / 12569.535) / (1006.3 / 18870.239)
=0.075005 / 0.053327
=1.4065

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)
=(680.737 / 18870.239) / (670.132 / 12569.535)
=0.036075 / 0.053314
=0.6767

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 - (1805.852 + 28.282) / 2382.365) / (1 - (2647.599 + 34.924) / 3617.804)
=0.23012 / 0.258522
=0.8901

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
=12569.535 / 18870.239
=0.6661

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))
=(7.842 / (7.842 + 34.924)) / (6.804 / (6.804 + 28.282))
=0.18337 / 0.193924
=0.9456

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 / 12569.535) / (356.416 / 18870.239)
=0 / 0.018888
=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)
=((1077.424 + 224.78) / 2382.365) / ((1669.061 + 628.651) / 3617.804)
=0.546601 / 0.635112
=0.8606

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
=(58.548 - 0 - 143.72) / 2382.365
=-0.035751

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.

Media Matrix Worldwide has a M-score of -2.57 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 -2.57 mean?
Media Matrix Worldwide (BOM:512267) has a Beneish M-Score of -2.57 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Media Matrix Worldwide and its competitors. According to the industry distribution chart, Media Matrix Worldwide ranks #503 out of 983 companies in the Media - Diversified industry, placing it in the top 51.2%.
Is Media Matrix Worldwide's Beneish M-Score too high?
Media Matrix Worldwide's current Beneish M-Score is -2.57. Based on the distribution chart, Media Matrix Worldwide ranks #503 out of 983 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Media Matrix Worldwide has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Media Matrix Worldwide's Beneish M-Score compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Media Matrix Worldwide ranks #503 out of 983 companies for Beneish M-Score. This places Media Matrix Worldwide 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Media Matrix Worldwide and its competitors. Media Matrix Worldwide's current Beneish M-Score is -2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Media Matrix Worldwide stock overvalued right now?
Based on GuruFocus' analysis, Media Matrix Worldwide (BOM:512267) is currently considered Fairly Valued. The stock's GF Value™ is ₹14.72, compared to a current price of ₹13.65 — trading 7.3% below its estimated fair value. The current Beneish M-Score is -2.57. Media Matrix Worldwide's overall GF Score™ is 71/100 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 Media Matrix Worldwide (BOM:512267), the current Beneish M-Score is -2.57 as of Jun. 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 Media Matrix Worldwide (BOM:512267) Overvalued in 2026?

Based on GuruFocus' analysis, Media Matrix Worldwide stock appears to be undervalued. The current stock price of ₹13.65 is trading 7.3% below its estimated GF Value™ of ₹14.72. GuruFocus considers Media Matrix Worldwide to be Fairly Valued.

Key valuation signals for BOM:512267:

  • Beneish M-Score: -2.57
  • GF Value™: ₹14.72 vs. price of ₹13.65 (7.3% below fair value)
  • GF Score™: 71/100 with 3 warning signs

No single metric tells the full story. See the BOM:512267 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Media Matrix Worldwide Business Description

Other Exchanges MMWL:India
Address Institutional Area, Plot No. 38, 4th Floor, Sector - 32, Gurugram, HR, IND, 122001
Media Matrix Worldwide Ltd is a B2B focused next-generation technology and services provider, specializing in Value Added Services (VAS) across the mobile and digital ecosystem. Beyond its core VAS offerings, MMWL is also engaged in the distribution of wide range of inventive products in mobility, audio, consumer electronics and IT segment across India through one of its subsidiaries. The group is mainly engaged in the business of digital media content, dealing in related activities in media and entertainment industry and Electronic Items trading and does not have more than one reportable business segment.
71GF Score

Get the complete analysis for BOM:512267

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

₹13.65
Price
₹14.72
GF Value