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Binayak Tex ProcessorsBOM:523054 21 Beneish M-Score is -2.81 as of Aug. 17, 2026. GuruFocus rates BOM:523054 with a GF Score™ of 21/100 and a GF Value™ of ₹2,221.75 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 996 Manufacturing - Apparel & Accessories companies, Binayak Tex Processors ranks better than 71.39% 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.
Good Sign:
Beneish M-Score -2.81 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Binayak Tex Processors's Beneish M-Score or its related term are showing as below:
BOM:523054'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.06 Med: -2.69 Max: -2.34
Current: -2.81
During the past 13 years, the highest Beneish M-Score of Binayak Tex Processors was -2.34. The lowest was -3.06. And the median was -2.69.
Binayak Tex Processors Beneish M-Score Related Terms
Binayak Tex Processors Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Binayak Tex Processors'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.
For the Textile Manufacturing subindustry, Binayak Tex Processors'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.
Binayak Tex Processors Beneish M-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Binayak Tex Processors's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Binayak Tex Processors's Beneish M-Score falls into.
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 Binayak Tex Processors 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 * 0.872
+
0.528 * 0.9869
+
0.404 * 0.5931
+
0.892 * 1.128
+
0.115 * 0.9634
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0
+
4.679 * -0.069978
-
0.327 * 0.9823
=
-2.81
* 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.
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.
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))
=
(49.367 / (49.367 + 707.188))
/
(53.211 / (53.211 + 732.39))
=
0.065252
/
0.067733
=
0.9634
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
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
=
(24.753 - 0
-
177.667)
/
2185.161
=
-0.069978
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.
Binayak Tex Processors has a M-score of -2.81 suggests that the company is unlikely to be a manipulator.
Binayak Tex Processors (BOM:523054) has a Beneish M-Score of -2.81 as of Aug. 17, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Binayak Tex Processors and its competitors. According to the industry distribution chart, Binayak Tex Processors ranks #285 out of 996 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 28.6%.
Is Binayak Tex Processors' Beneish M-Score too high?
Binayak Tex Processors' current Beneish M-Score is -2.81. Based on the distribution chart, Binayak Tex Processors ranks #285 out of 996 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Binayak Tex Processors has a GF Score™ of 21/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Binayak Tex Processors' Beneish M-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Binayak Tex Processors ranks #285 out of 996 companies for Beneish M-Score. This puts Binayak Tex Processors in the upper 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 Binayak Tex Processors and its competitors. Binayak Tex Processors's current Beneish M-Score is -2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Binayak Tex Processors stock overvalued right now?
Based on GuruFocus' analysis, Binayak Tex Processors (BOM:523054) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,221.75, compared to a current price of ₹1,680.00 — trading 24.4% below its estimated fair value. The current Beneish M-Score is -2.81. Binayak Tex Processors' overall GF Score™ is 21/100 with 2 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 Binayak Tex Processors (BOM:523054), the current Beneish M-Score is -2.81 as of Aug. 17, 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 Binayak Tex Processors (BOM:523054) Overvalued in 2026?
Based on GuruFocus' analysis, Binayak Tex Processors stock appears to be undervalued.
The current stock price of ₹1,680.00 is trading 24.4% below its estimated GF Value™ of ₹2,221.75.
GuruFocus considers Binayak Tex Processors to be Modestly Undervalued.
Key valuation signals for BOM:523054:
Beneish M-Score: -2.81
GF Value™: ₹2,221.75 vs. price of ₹1,680.00 (24.4% below fair value)
No single metric tells the full story. See the BOM:523054 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Binayak Tex Processors Ltd engaged in the manufacturing of textile fabrics. It operates through the Textile Business and Finance Business segments. The firm is also engaged in the business of manufacturing and processing of textile fabrics. Its products include prints, such as wax print, all-over print, reactive print, discharge print and single color dye, and home-textile, such as bed sets and quilts. The company offers bed sheets, towels, kitchen apron, curtains, pillows, and cushions. The company has two segments Textile business and Finance business segment.
21GF Score
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