Advance Lifestyles (BOM:521048) Beneish M-Score: 0.00 (As of Jul. 21, 2026)

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BOM:521048 Advance Lifestyles Ltd BOM:521048
20 GF Score
Price ₹32.02
! 3 Warning Signs
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What is Advance Lifestyles Beneish M-Score?

Advance Lifestyles BOM:521048 +0.47% 20 Beneish M-Score is 0.00 as of Jul. 21, 2026. GuruFocus rates BOM:521048 with a GF Score™ of 20/100. The stock has 3 warning signs investors should review. Among 1,000 Manufacturing - Apparel & Accessories companies, Advance Lifestyles ranks worse than 99999.9% 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 Advance Lifestyles's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Advance Lifestyles was 0.00. The lowest was 0.00. And the median was 0.00.

Advance Lifestyles Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Advance Lifestyles'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.

Advance Lifestyles Beneish M-Score Chart

Advance Lifestyles 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

Advance Lifestyles 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

Advance Lifestyles Beneish M-Score Competitor Comparison

For the Textile Manufacturing subindustry, Advance Lifestyles'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.

Advance Lifestyles Beneish M-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Advance Lifestyles's Beneish M-Score distribution charts can be found below:

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


BOM:521048
20GF Score
Advance Lifestyles Ltd BOM:521048
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Advance Lifestyles 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 Advance Lifestyles 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 ₹62.50 Mil.
Revenue was 0 + 0 + 0 + 0 = ₹0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = ₹0.00 Mil.
Total Current Assets was ₹757.66 Mil.
Total Assets was ₹765.80 Mil.
Property, Plant and Equipment(Net PPE) was ₹0.21 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.07 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.00 Mil.
Total Current Liabilities was ₹104.09 Mil.
Long-Term Debt & Capital Lease Obligation was ₹338.52 Mil.
Net Income was 40.597 + 1.693 + 1.305 + 1.23 = ₹44.83 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₹0.00 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = ₹0.00 Mil.
 Total Receivables was ₹0.00 Mil.
Revenue was 0 + 0 + 0 + 0 = ₹0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = ₹0.00 Mil.
Total Current Assets was ₹466.83 Mil.
Total Assets was ₹736.64 Mil.
Property, Plant and Equipment(Net PPE) was ₹0.21 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.00 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.00 Mil.
Total Current Liabilities was ₹106.89 Mil.
Long-Term Debt & Capital Lease Obligation was ₹351.38 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)
=(62.5 / 0) / (0 / 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 - (757.659 + 0.209) / 765.801) / (1 - (466.833 + 0.212) / 736.637)
=0.010359 / 0.365977
=

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))
=(0.003 / (0.003 + 0.212)) / (0.07 / (0.07 + 0.209))
=0.013953 / 0.250896
=

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) / (0 / 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)
=((338.524 + 104.088) / 765.801) / ((351.384 + 106.891) / 736.637)
=0.577973 / 0.622118
=

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
=(44.825 - 0 - 0) / 765.801
=0.058533

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?
Advance Lifestyles (BOM:521048) has a Beneish M-Score of 0.00 as of Jul. 21, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Advance Lifestyles and its competitors. According to the industry distribution chart, Advance Lifestyles ranks #999999 out of 1000 companies in the Manufacturing - Apparel & Accessories industry.
Is Advance Lifestyles' Beneish M-Score too high?
Advance Lifestyles' current Beneish M-Score is 0.00. Based on the distribution chart, Advance Lifestyles ranks #999999 out of 1000 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Advance Lifestyles has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Advance Lifestyles' Beneish M-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Advance Lifestyles ranks #999999 out of 1000 companies for Beneish M-Score. This places Advance Lifestyles 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Advance Lifestyles and its competitors. Advance Lifestyles'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 Advance Lifestyles stock overvalued right now?
Advance Lifestyles (BOM:521048) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Advance Lifestyles' overall GF Score™ is 20/100 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 Advance Lifestyles (BOM:521048), the current Beneish M-Score is 0.00 as of Jul. 21, 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.

Advance Lifestyles Business Description

Address Shahibag Road, 21-22, First Floor, Advance Plaza, Ahmedabad, GJ, IND, 380004
Advance Lifestyles Ltd operates in the textile manufacturing and real estate sectors. The company manufactures a variety of fabrics including cotton, wool, jute, hemp, silk, nylon, and related materials. It is also engaged in property construction and development of residential, commercial, and industrial buildings. The revenue model is based on textile production and cloth trading, alongside income from its real estate projects. The company serves the domestic market, focusing on fulfilling the demand for diverse textile products and developing real estate assets.
20GF Score

Get the complete analysis for BOM:521048

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

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