Vikas WSP (BOM:519307) Beneish M-Score: 0.00 (As of Jun. 30, 2026)


BOM:519307 Vikas WSP Ltd BOM:519307
26 GF Score
Price ₹0.98
! 1 Warning Sign
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What is Vikas WSP Beneish M-Score?

Vikas WSP BOM:519307 -1.01% 26 Beneish M-Score is 0.00 as of Jun. 30, 2026. GuruFocus rates BOM:519307 with a GF Score™ of 26/100. The stock has 1 warning sign investors should review. Among 1,526 Chemicals companies, Vikas WSP ranks worse than 65530.73% 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 Vikas WSP's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Vikas WSP was 3.65. The lowest was -6.82. And the median was -1.95.

Vikas WSP Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Vikas WSP'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.

Vikas WSP Beneish M-Score Chart

Vikas WSP 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 3.65 0.00 0.00 0.00 0.00

Vikas WSP Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Mar23 Jun23 Sep23 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:519307 vs LIN, SHW, ECL: Beneish M-Score Comparison

For the Specialty Chemicals subindustry, Vikas WSP'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.

Vikas WSP Beneish M-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Vikas WSP's Beneish M-Score distribution charts can be found below:

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


BOM:519307
26GF Score
Vikas WSP Ltd BOM:519307
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Vikas WSP 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 Vikas WSP 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 ₹4,919.88 Mil.
Revenue was ₹0.00 Mil.
Gross Profit was ₹0.00 Mil.
Total Current Assets was ₹4,995.96 Mil.
Total Assets was ₹13,821.86 Mil.
Property, Plant and Equipment(Net PPE) was ₹4,628.91 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹5.00 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.00 Mil.
Total Current Liabilities was ₹6,570.05 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Net Income was ₹-669.76 Mil.
Gross Profit was ₹0.00 Mil.
Cash Flow from Operations was ₹0.00 Mil.
 Total Receivables was ₹5,751.51 Mil.
Revenue was ₹0.00 Mil.
Gross Profit was ₹0.00 Mil.
Total Current Assets was ₹5,828.10 Mil.
Total Assets was ₹14,475.79 Mil.
Property, Plant and Equipment(Net PPE) was ₹4,634.71 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹341.60 Mil.
Selling, General, & Admin. Expense(SGA) was ₹3.55 Mil.
Total Current Liabilities was ₹6,558.80 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 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)
=(4919.881 / 0) / (5751.506 / 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)
=(0 / 0) / (0 / 0)
= /
=

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 - (4995.959 + 4628.907) / 13821.862) / (1 - (5828.102 + 4634.709) / 14475.786)
=0.303649 / 0.27722
=

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
=0 / 0
=

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))
=(341.6 / (341.6 + 4634.709)) / (4.995 / (4.995 + 4628.907))
=0.068645 / 0.001078
=

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 / 0) / (3.549 / 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)
=((0 + 6570.054) / 13821.862) / ((0 + 6558.795) / 14475.786)
=0.475338 / 0.453087
=

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
=(-669.757 - 0 - 0) / 13821.862
=-0.048456

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?
Vikas WSP (BOM:519307) has a Beneish M-Score of 0.00 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Vikas WSP and its competitors. According to the industry distribution chart, Vikas WSP ranks #999999 out of 1526 companies in the Chemicals industry.
Is Vikas WSP's Beneish M-Score too high?
Vikas WSP's current Beneish M-Score is 0.00. Based on the distribution chart, Vikas WSP ranks #999999 out of 1526 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Vikas WSP has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Vikas WSP's Beneish M-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Vikas WSP ranks #999999 out of 1526 companies for Beneish M-Score. This places Vikas WSP 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 Chemicals company?
A good Beneish M-Score depends on the Chemicals 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 Vikas WSP and its competitors. Vikas WSP'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 Vikas WSP stock overvalued right now?
Vikas WSP (BOM:519307) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Vikas WSP's overall GF Score™ is 26/100 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 Vikas WSP (BOM:519307), the current Beneish M-Score is 0.00 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.

Vikas WSP Business Description

Address B-86/87, Udyog Vihar, RIICO, Industrial Area, Sri Ganganagar, RJ, IND, 335002
Vikas WSP Ltd is one of India's foremost guar gum powder (GGP) manufacturer, supplying to all sectors of the food industry with an extensive range of quality products. Besides food, the company also offers guar gum for technical applications such as pet food, oil drilling, textile printing, mining paper, etc. The Company is dealing only in Guar derivatives and Guar Polymers. It has presence in United States of America, Europe, and Domestic market.
26GF Score

Get the complete analysis for BOM:519307

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

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