Prime Urban Development India (BOM:521149) Beneish M-Score: 0.00 (As of Jul. 01, 2026)


BOM:521149 Prime Urban Development India Ltd BOM:521149
41 GF Score
Price ₹7.95
GF Value ₹4.89
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Prime Urban Development India Beneish M-Score?

Prime Urban Development India BOM:521149 -7.88% 41 Beneish M-Score is 0.00 as of Jul. 01, 2026. GuruFocus rates BOM:521149 with a GF Score™ of 41/100 and a GF Value™ of ₹4.89 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,682 Real Estate companies, Prime Urban Development India ranks worse than 59452.97% 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 Prime Urban Development India's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Prime Urban Development India was -0.16. The lowest was -6.26. And the median was -3.19.

Prime Urban Development India Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Prime Urban Development India'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.

Prime Urban Development India Beneish M-Score Chart

Prime Urban Development India 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 -3.62 -2.51 -3.19 -1.17 0.00

Prime Urban Development India 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 -1.17 0.00 0.00 0.00 0.00

Prime Urban Development India Beneish M-Score Competitor Comparison

For the Real Estate - Development subindustry, Prime Urban Development India'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.

Prime Urban Development India Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Prime Urban Development India's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Prime Urban Development India's Beneish M-Score falls into.


BOM:521149
41GF Score
Prime Urban Development India Ltd BOM:521149
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Prime Urban Development India 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 Prime Urban Development India 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 ₹38.25 Mil.
Revenue was ₹0.00 Mil.
Gross Profit was ₹-0.02 Mil.
Total Current Assets was ₹132.30 Mil.
Total Assets was ₹143.66 Mil.
Property, Plant and Equipment(Net PPE) was ₹3.79 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹1.43 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.00 Mil.
Total Current Liabilities was ₹178.89 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Net Income was ₹-4.53 Mil.
Gross Profit was ₹0.00 Mil.
Cash Flow from Operations was ₹-9.73 Mil.
 Total Receivables was ₹64.66 Mil.
Revenue was ₹35.88 Mil.
Gross Profit was ₹15.71 Mil.
Total Current Assets was ₹127.22 Mil.
Total Assets was ₹140.01 Mil.
Property, Plant and Equipment(Net PPE) was ₹4.52 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹2.30 Mil.
Selling, General, & Admin. Expense(SGA) was ₹3.76 Mil.
Total Current Liabilities was ₹170.72 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)
=(38.245 / 0) / (64.658 / 35.876)
= / 1.802263
=

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)
=(15.708 / 35.876) / (-0.018 / 0)
=0.437841 /
=

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 - (132.295 + 3.793) / 143.66) / (1 - (127.219 + 4.521) / 140.013)
=0.052708 / 0.059087
=

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 / 35.876
=

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))
=(2.298 / (2.298 + 4.521)) / (1.434 / (1.434 + 3.793))
=0.337 / 0.274345
=

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) / (3.755 / 35.876)
= / 0.104666
=

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 + 178.892) / 143.66) / ((0 + 170.715) / 140.013)
=1.245246 / 1.21928
=

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
=(-4.53 - 0 - -9.732) / 143.66
=0.03621

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?
Prime Urban Development India (BOM:521149) has a Beneish M-Score of 0.00 as of Jul. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Prime Urban Development India and its competitors. According to the industry distribution chart, Prime Urban Development India ranks #999999 out of 1682 companies in the Real Estate industry.
Is Prime Urban Development India's Beneish M-Score too high?
Prime Urban Development India's current Beneish M-Score is 0.00. Based on the distribution chart, Prime Urban Development India ranks #999999 out of 1682 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Prime Urban Development India has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Prime Urban Development India's Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, Prime Urban Development India ranks #999999 out of 1682 companies for Beneish M-Score. This places Prime Urban Development India 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Prime Urban Development India and its competitors. Prime Urban Development India'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 Prime Urban Development India stock overvalued right now?
Based on GuruFocus' analysis, Prime Urban Development India (BOM:521149) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹4.89, compared to a current price of ₹7.95 — trading 62.6% above its estimated fair value. The current Beneish M-Score is 0.00. Prime Urban Development India's overall GF Score™ is 41/100 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 Prime Urban Development India (BOM:521149), the current Beneish M-Score is 0.00 as of Jul. 01, 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 Prime Urban Development India (BOM:521149) Overvalued in 2026?

Based on GuruFocus' analysis, Prime Urban Development India stock appears to be overvalued. The current stock price of ₹7.95 is trading 62.6% above its estimated GF Value™ of ₹4.89. GuruFocus considers Prime Urban Development India to be Significantly Overvalued.

Key valuation signals for BOM:521149:

  • Beneish M-Score: 0.00
  • GF Value™: ₹4.89 vs. price of ₹7.95 (62.6% above fair value)
  • GF Score™: 41/100 with 1 warning sign

No single metric tells the full story. See the BOM:521149 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Prime Urban Development India Business Description

Address Avenue 3rd Boundary Road, B-41, Ground Floor, Cotton Exchange Building, Cotton Green Railway Station East, Kalachowky, Mumbai, MH, IND, 400033
Prime Urban Development India Ltd is an India-based company that is engaged in the business of real estate. The company derives revenues mainly from real estate development.
41GF Score

Get the complete analysis for BOM:521149

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

₹7.95
Price
₹4.89
GF Value