KS Smart Technologies (BOM:516038) Beneish M-Score: 0.00 (As of Jul. 04, 2026)


BOM:516038 KS Smart Technologies Ltd BOM:516038
25 GF Score
Price ₹133.05
! 1 Warning Sign
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What is KS Smart Technologies Beneish M-Score?

KS Smart Technologies BOM:516038 +4.11% 25 Beneish M-Score is 0.00 as of Jul. 04, 2026. GuruFocus rates BOM:516038 with a GF Score™ of 25/100. The stock has 1 warning sign investors should review. Among 2,631 Software companies, KS Smart Technologies ranks worse than 38008.32% 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.

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

During the past 13 years, the highest Beneish M-Score of KS Smart Technologies was 0.00. The lowest was 0.00. And the median was 0.00.

KS Smart Technologies Beneish M-Score Historical Data

* Premium members only.

The historical data trend for KS Smart Technologies'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.

KS Smart Technologies Beneish M-Score Chart

KS Smart Technologies 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 0.00 0.00 0.00 0.00 0.00

KS Smart Technologies 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 0.00 0.00 0.00 0.00 0.00

BOM:516038 vs MSFT, ORCL, PLTR: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, KS Smart Technologies'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.

KS Smart Technologies Beneish M-Score vs Software Industry

For the Software industry and Technology sector, KS Smart Technologies's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where KS Smart Technologies's Beneish M-Score falls into.


BOM:516038
25GF Score
KS Smart Technologies Ltd BOM:516038
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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KS Smart Technologies 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 KS Smart Technologies 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 ₹6,929 Mil.
Revenue was ₹13,119 Mil.
Gross Profit was ₹1,606 Mil.
Total Current Assets was ₹12,584 Mil.
Total Assets was ₹17,338 Mil.
Property, Plant and Equipment(Net PPE) was ₹681 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹47 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹13,869 Mil.
Long-Term Debt & Capital Lease Obligation was ₹503 Mil.
Net Income was ₹745 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹92 Mil.
 Total Receivables was ₹0 Mil.
Revenue was ₹6,883 Mil.
Gross Profit was ₹158 Mil.
Total Current Assets was ₹3 Mil.
Total Assets was ₹3 Mil.
Property, Plant and Equipment(Net PPE) was ₹0 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹25 Mil.
Selling, General, & Admin. Expense(SGA) was ₹2 Mil.
Total Current Liabilities was ₹0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2 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)
=(6929.485 / 13119.209) / (0 / 6882.553)
=0.528194 / 0
=

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)
=(158.092 / 6882.553) / (1606.216 / 13119.209)
=0.02297 / 0.122432
=

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 - (12583.824 + 680.916) / 17337.753) / (1 - (2.854 + 0) / 2.854)
=0.234922 / 0
=

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
=13119.209 / 6882.553
=

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))
=(24.658 / (24.658 + 0)) / (47.292 / (47.292 + 680.916))
=1 / 0.064943
=

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 / 13119.209) / (1.542 / 6882.553)
=0 / 0.000224
=

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)
=((502.97 + 13868.55) / 17337.753) / ((2.3 + 0.168) / 2.854)
=0.828915 / 0.864751
=

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
=(745.222 - 0 - 92.19) / 17337.753
=0.037665

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
KS Smart Technologies (BOM:516038) has a Beneish M-Score of 0.00 as of Jul. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on KS Smart Technologies and its competitors. According to the industry distribution chart, KS Smart Technologies ranks #999999 out of 2631 companies in the Software industry.
Is KS Smart Technologies' Beneish M-Score too high?
KS Smart Technologies' current Beneish M-Score is 0.00. Based on the distribution chart, KS Smart Technologies ranks #999999 out of 2631 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, KS Smart Technologies has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does KS Smart Technologies' Beneish M-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, KS Smart Technologies ranks #999999 out of 2631 companies for Beneish M-Score. This places KS Smart Technologies 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 Software company?
A good Beneish M-Score depends on the Software 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 KS Smart Technologies and its competitors. KS Smart Technologies's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KS Smart Technologies stock overvalued right now?
KS Smart Technologies (BOM:516038) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. KS Smart Technologies' overall GF Score™ is 25/100 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 KS Smart Technologies (BOM:516038), the current Beneish M-Score is 0.00 as of Jul. 04, 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.

KS Smart Technologies Business Description

Address No. 528, Anna Salai, Teynampet, Chennai, TG, IND, 600018
KS Smart Technologies Ltd is engaged in developing AI-driven technologies to address operational and digital challenges. Its portfolio includes solutions such as virtual reality based learning applications and IoT infrastructure systems, serving businesses and public sector organizations.
25GF Score

Get the complete analysis for BOM:516038

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

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