Chrome Silicon (BOM:513005) Beneish M-Score: 9.99 (As of Jun. 27, 2026) — 629% Above Median


BOM:513005 Chrome Silicon Ltd BOM:513005
26 GF Score
Price ₹40.57
GF Value ₹0.43
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is Chrome Silicon Beneish M-Score?

Chrome Silicon BOM:513005 +3.81% 26 Beneish M-Score is 9.99 as of Jun. 27, 2026, which is 629% above its 10-year median of 1.37. GuruFocus rates BOM:513005 with a GF Score™ of 26/100 and a GF Value™ of ₹0.43 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 685 Metals & Mining companies, Chrome Silicon ranks worse than 96.35% 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.

Warning Sign:

Beneish M-Score 9.99 higher than -1.78, which implies that the company might have manipulated its financial results.

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

BOM:513005' s Beneish M-Score Range Over the Past 10 Years
Min: -63.74   Med: 1.37   Max: 6932.69
Current: 9.99

During the past 13 years, the highest Beneish M-Score of Chrome Silicon was 6932.69. The lowest was -63.74. And the median was 1.37.


Chrome Silicon Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Chrome Silicon'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.

Chrome Silicon Beneish M-Score Chart

Chrome Silicon 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 39.47 -3.30 -1.65 -4.34 9.99

Chrome Silicon 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 -4.34 0.00 0.00 0.00 9.99

Chrome Silicon Beneish M-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Chrome Silicon'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.


Chrome Silicon Beneish M-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Chrome Silicon's Beneish M-Score distribution charts can be found below:

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


BOM:513005
26GF Score
Chrome Silicon Ltd BOM:513005
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chrome Silicon 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 Chrome Silicon 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 * 15.7437+0.528 * -0.0593+0.404 * 1.0094+0.892 * 0.0146+0.115 * 0.9481
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.040281-0.327 * 1.0499
=9.99

* 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 ₹35.96 Mil.
Revenue was ₹10.72 Mil.
Gross Profit was ₹-69.69 Mil.
Total Current Assets was ₹746.72 Mil.
Total Assets was ₹2,299.48 Mil.
Property, Plant and Equipment(Net PPE) was ₹1,261.07 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹69.69 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.00 Mil.
Total Current Liabilities was ₹1,392.08 Mil.
Long-Term Debt & Capital Lease Obligation was ₹300.60 Mil.
Net Income was ₹-98.40 Mil.
Gross Profit was ₹0.00 Mil.
Cash Flow from Operations was ₹-191.03 Mil.
Total Receivables was ₹156.42 Mil.
Revenue was ₹734.01 Mil.
Gross Profit was ₹283.05 Mil.
Total Current Assets was ₹732.49 Mil.
Total Assets was ₹2,359.78 Mil.
Property, Plant and Equipment(Net PPE) was ₹1,330.76 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹69.53 Mil.
Selling, General, & Admin. Expense(SGA) was ₹4.69 Mil.
Total Current Liabilities was ₹1,312.05 Mil.
Long-Term Debt & Capital Lease Obligation was ₹342.53 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)
=(35.962 / 10.719) / (156.416 / 734.006)
=3.354977 / 0.213099
=15.7437

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)
=(283.053 / 734.006) / (-69.688 / 10.719)
=0.385628 / -6.501353
=-0.0593

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 - (746.722 + 1261.068) / 2299.476) / (1 - (732.486 + 1330.756) / 2359.782)
=0.126849 / 0.125664
=1.0094

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
=10.719 / 734.006
=0.0146

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))
=(69.526 / (69.526 + 1330.756)) / (69.688 / (69.688 + 1261.068))
=0.049651 / 0.052367
=0.9481

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 / 10.719) / (4.691 / 734.006)
=0 / 0.006391
=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)
=((300.601 + 1392.075) / 2299.476) / ((342.532 + 1312.049) / 2359.782)
=0.736114 / 0.701158
=1.0499

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
=(-98.4 - 0 - -191.026) / 2299.476
=0.040281

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.

Chrome Silicon has a M-score of 9.99 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 9.99 mean?
Chrome Silicon (BOM:513005) has a Beneish M-Score of 9.99 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Chrome Silicon and its competitors. This is 629% above median its historical median of 1.37. According to the industry distribution chart, Chrome Silicon ranks #660 out of 685 companies in the Metals & Mining industry, placing it in the top 96.4%.
Is Chrome Silicon's Beneish M-Score too high?
Chrome Silicon's current Beneish M-Score of 9.99 is 629% above median its 10-year median of 1.37. Based on the distribution chart, Chrome Silicon ranks #660 out of 685 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Chrome Silicon has a GF Score™ of 26/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chrome Silicon's Beneish M-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Chrome Silicon ranks #660 out of 685 companies for Beneish M-Score. This places Chrome Silicon 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 Metals & Mining company?
A good Beneish M-Score depends on the Metals & Mining 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 Chrome Silicon and its competitors. Chrome Silicon's current Beneish M-Score is 9.99, which is 629% above median its own 10-year median of 1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chrome Silicon stock overvalued right now?
Based on GuruFocus' analysis, Chrome Silicon (BOM:513005) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.43, compared to a current price of ₹40.57 — trading 9334.9% above its estimated fair value. The current Beneish M-Score is 9.99, which is 629% above median its 10-year median of 1.37. Chrome Silicon's overall GF Score™ is 26/100 with 10 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 Chrome Silicon (BOM:513005), the current Beneish M-Score is 9.99 as of Jun. 27, 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 Chrome Silicon (BOM:513005) Overvalued in 2026?

Based on GuruFocus' analysis, Chrome Silicon stock appears to be overvalued. The current stock price of ₹40.57 is trading 9334.9% above its estimated GF Value™ of ₹0.43. GuruFocus considers Chrome Silicon to be Significantly Overvalued.

Key valuation signals for BOM:513005:

  • Beneish M-Score: 9.99 (629% above median its 10-year median of 1.37)
  • GF Value™: ₹0.43 vs. price of ₹40.57 (9334.9% above fair value)
  • GF Score™: 26/100 with 10 warning signs

No single metric tells the full story. See the BOM:513005 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chrome Silicon Business Description

Address Progressive Towers, 6-2-913/914, 3rd Floor, Khairatabad, Hyderabad, TG, IND, 500004
Chrome Silicon Ltd formerly VBC Ferro Alloys Ltd engages in the manufacturing of Ferro Alloys. Its product portfolio consists of Ferro Silicon. Its products are used as additives and deoxidizing agents in steel manufacturing. The company also exports its products. Its segment consists of the manufacturing of Ferro Alloys from which it earns the majority of the revenue.
26GF Score

Get the complete analysis for BOM:513005

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

₹40.57
Price
₹0.43
GF Value