Autoriders International (BOM:512277) Beneish M-Score: -2.89 (As of Jul. 07, 2026)


BOM:512277 Autoriders International Ltd BOM:512277
67 GF Score
Price ₹363.90
GF Value ₹24.88
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Autoriders International Beneish M-Score?

Autoriders International BOM:512277 +1.62% 67 Beneish M-Score is -2.89 as of Jul. 07, 2026. GuruFocus rates BOM:512277 with a GF Score™ of 67/100 and a GF Value™ of ₹24.88 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,022 Business Services companies, Autoriders International ranks better than 74.56% 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 -2.89 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BOM:512277' s Beneish M-Score Range Over the Past 10 Years
Min: -3.45   Med: -3.01   Max: -1.68
Current: -2.89

During the past 13 years, the highest Beneish M-Score of Autoriders International was -1.68. The lowest was -3.45. And the median was -3.01.


Autoriders International Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Autoriders International'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.

Autoriders International Beneish M-Score Chart

Autoriders International 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 -2.11 -2.57 -3.22 -2.89 -2.89

Autoriders International 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 -2.89 0.00 0.00 0.00 -2.89

BOM:512277 vs URI, SUNB, AER: Beneish M-Score Comparison

For the Rental & Leasing Services subindustry, Autoriders International'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.


Autoriders International Beneish M-Score vs Business Services Industry

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

* The bar in red indicates where Autoriders International's Beneish M-Score falls into.


BOM:512277
67GF Score
Autoriders International Ltd BOM:512277
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Autoriders International 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 Autoriders International 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 * 0.9765+0.528 * 1.0561+0.404 * 0.945+0.892 * 1.1552+0.115 * 0.9852
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * -0.155128-0.327 * 0.9293
=-2.89

* 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 ₹191 Mil.
Revenue was ₹1,006 Mil.
Gross Profit was ₹433 Mil.
Total Current Assets was ₹258 Mil.
Total Assets was ₹1,049 Mil.
Property, Plant and Equipment(Net PPE) was ₹734 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹139 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹207 Mil.
Long-Term Debt & Capital Lease Obligation was ₹203 Mil.
Net Income was ₹90 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹253 Mil.
Total Receivables was ₹169 Mil.
Revenue was ₹871 Mil.
Gross Profit was ₹395 Mil.
Total Current Assets was ₹271 Mil.
Total Assets was ₹927 Mil.
Property, Plant and Equipment(Net PPE) was ₹604 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹112 Mil.
Selling, General, & Admin. Expense(SGA) was ₹33 Mil.
Total Current Liabilities was ₹203 Mil.
Long-Term Debt & Capital Lease Obligation was ₹187 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)
=(190.764 / 1005.879) / (169.1 / 870.727)
=0.189649 / 0.194206
=0.9765

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)
=(395.445 / 870.727) / (432.548 / 1005.879)
=0.454155 / 0.43002
=1.0561

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 - (258.465 + 734.237) / 1048.591) / (1 - (270.9 + 604.1) / 927.3)
=0.053299 / 0.0564
=0.945

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
=1005.879 / 870.727
=1.1552

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))
=(112.377 / (112.377 + 604.1)) / (139.031 / (139.031 + 734.237))
=0.156847 / 0.159208
=0.9852

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 / 1005.879) / (33.1 / 870.727)
=0 / 0.038014
=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)
=((203.178 + 207.168) / 1048.591) / ((187.4 + 203.1) / 927.3)
=0.391331 / 0.421115
=0.9293

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
=(90.374 - 0 - 253.04) / 1048.591
=-0.155128

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.

Autoriders International has a M-score of -2.89 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 -2.89 mean?
Autoriders International (BOM:512277) has a Beneish M-Score of -2.89 as of Jul. 07, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Autoriders International and its competitors. According to the industry distribution chart, Autoriders International ranks #260 out of 1022 companies in the Business Services industry, placing it in the top 25.4%.
Is Autoriders International's Beneish M-Score too high?
Autoriders International's current Beneish M-Score is -2.89. Based on the distribution chart, Autoriders International ranks #260 out of 1022 companies in the Business Services industry, which is above the industry midpoint. Overall, Autoriders International has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Autoriders International's Beneish M-Score compare to URI and SUNB?
According to the Business Services industry distribution chart, Autoriders International ranks #260 out of 1022 companies for Beneish M-Score. This puts Autoriders International 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 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 Autoriders International and its competitors. Autoriders International's current Beneish M-Score is -2.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Autoriders International stock overvalued right now?
Based on GuruFocus' analysis, Autoriders International (BOM:512277) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹24.88, compared to a current price of ₹363.90 — trading 1362.6% above its estimated fair value. The current Beneish M-Score is -2.89. Autoriders International's overall GF Score™ is 67/100 with 1 warning sign 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 Autoriders International (BOM:512277), the current Beneish M-Score is -2.89 as of Jul. 07, 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 Autoriders International (BOM:512277) Overvalued in 2026?

Based on GuruFocus' analysis, Autoriders International stock appears to be overvalued. The current stock price of ₹363.90 is trading 1362.6% above its estimated GF Value™ of ₹24.88. GuruFocus considers Autoriders International to be Significantly Overvalued.

Key valuation signals for BOM:512277:

  • Beneish M-Score: -2.89
  • GF Value™: ₹24.88 vs. price of ₹363.90 (1362.6% above fair value)
  • GF Score™: 67/100 with 1 warning sign

No single metric tells the full story. See the BOM:512277 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Autoriders International Business Description

Address Swami Vivekanand Road, 4A, Vikas Centre, 104, Santacruz West, Mumbai, MH, IND, 400054
Autoriders International Ltd is a premium car rental service provider offering chauffeur-driven cars, self-drive rentals, airport transfer services, and long-term rentals across many cities in India. The company caters to both corporate clients and tourists, maintaining a diverse fleet ranging from basic city vehicles to luxury sedans and SUVs. Autoriders focuses on delivering excellent customer service with professional drivers and well-maintained vehicles for stress-free, reliable travel experiences. It operates through multiple branches in many metropolitan cities, aiming to be a trusted name in India's car rental and chauffeured transportation industry. The Company derives revenue principally from activities of giving Car on Rent.
67GF Score

Get the complete analysis for BOM:512277

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

₹363.90
Price
₹24.88
GF Value