Ashram Onlinecom (BOM:526187) Beneish M-Score: -4.29 (As of Jun. 29, 2026)


BOM:526187 Ashram Onlinecom Ltd BOM:526187
52 GF Score
Price ₹6.31
GF Value ₹7.51
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Ashram Onlinecom Beneish M-Score?

Ashram Onlinecom BOM:526187 +4.64% 52 Beneish M-Score is -4.29 as of Jun. 29, 2026. GuruFocus rates BOM:526187 with a GF Score™ of 52/100 and a GF Value™ of ₹7.51 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 92 Personal Services companies, Ashram Onlinecom ranks better than 94.57% 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 -4.29 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BOM:526187' s Beneish M-Score Range Over the Past 10 Years
Min: -4.29   Med: -2.87   Max: 9.49
Current: -4.29

During the past 13 years, the highest Beneish M-Score of Ashram Onlinecom was 9.49. The lowest was -4.29. And the median was -2.87.

Ashram Onlinecom Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Ashram Onlinecom'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.

Ashram Onlinecom Beneish M-Score Chart

Ashram Onlinecom 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 -3.56 -3.30 -3.33 5.94 -4.29

Ashram Onlinecom 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 5.94 0.00 0.00 0.00 -4.29

BOM:526187 vs ROL, SCI, FTDR: Beneish M-Score Comparison

For the Personal Services subindustry, Ashram Onlinecom'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.

Ashram Onlinecom Beneish M-Score vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Ashram Onlinecom's Beneish M-Score distribution charts can be found below:

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


BOM:526187
52GF Score
Ashram Onlinecom Ltd BOM:526187
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ashram Onlinecom 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 Ashram Onlinecom 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 * 1.5657+0.528 * 1.1146+0.404 * 0.9891+0.892 * 1.3638+0.115 * 1.019
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.204532-0.327 * 12.7439
=-4.29

* 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 ₹6.23 Mil.
Revenue was ₹4.83 Mil.
Gross Profit was ₹-2.18 Mil.
Total Current Assets was ₹9.07 Mil.
Total Assets was ₹150.17 Mil.
Property, Plant and Equipment(Net PPE) was ₹0.23 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.10 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.00 Mil.
Total Current Liabilities was ₹36.09 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Net Income was ₹-1.29 Mil.
Gross Profit was ₹0.00 Mil.
Cash Flow from Operations was ₹-32.01 Mil.
 Total Receivables was ₹2.92 Mil.
Revenue was ₹3.54 Mil.
Gross Profit was ₹-1.78 Mil.
Total Current Assets was ₹5.81 Mil.
Total Assets was ₹118.83 Mil.
Property, Plant and Equipment(Net PPE) was ₹0.33 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.15 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.47 Mil.
Total Current Liabilities was ₹2.24 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)
=(6.233 / 4.828) / (2.919 / 3.54)
=1.291011 / 0.824576
=1.5657

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)
=(-1.784 / 3.54) / (-2.183 / 4.828)
=-0.503955 / -0.452154
=1.1146

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 - (9.065 + 0.228) / 150.172) / (1 - (5.805 + 0.325) / 118.832)
=0.938118 / 0.948415
=0.9891

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
=4.828 / 3.54
=1.3638

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))
=(0.145 / (0.145 + 0.325)) / (0.099 / (0.099 + 0.228))
=0.308511 / 0.302752
=1.019

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 / 4.828) / (0.468 / 3.54)
=0 / 0.132203
=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 + 36.092) / 150.172) / ((0 + 2.241) / 118.832)
=0.240338 / 0.018859
=12.7439

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
=(-1.293 - 0 - -32.008) / 150.172
=0.204532

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.

Ashram Onlinecom has a M-score of -4.29 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -4.29 mean?
Ashram Onlinecom (BOM:526187) has a Beneish M-Score of -4.29 as of Jun. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ashram Onlinecom and its competitors. According to the industry distribution chart, Ashram Onlinecom ranks #5 out of 92 companies in the Personal Services industry, placing it in the top 5.4%.
Is Ashram Onlinecom's Beneish M-Score too high?
Ashram Onlinecom's current Beneish M-Score is -4.29. Based on the distribution chart, Ashram Onlinecom ranks #5 out of 92 companies in the Personal Services industry, which is in the top quartile — a strong position relative to peers. Overall, Ashram Onlinecom has a GF Score™ of 52/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ashram Onlinecom's Beneish M-Score compare to ROL and SCI?
According to the Personal Services industry distribution chart, Ashram Onlinecom ranks #5 out of 92 companies for Beneish M-Score. This places Ashram Onlinecom in the top 5% of its industry — outperforming the majority of peers. 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 Personal Services company?
A good Beneish M-Score depends on the Personal Services 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 Ashram Onlinecom and its competitors. Ashram Onlinecom's current Beneish M-Score is -4.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashram Onlinecom stock overvalued right now?
Based on GuruFocus' analysis, Ashram Onlinecom (BOM:526187) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹7.51, compared to a current price of ₹6.31 — trading 16% below its estimated fair value. The current Beneish M-Score is -4.29. Ashram Onlinecom's overall GF Score™ is 52/100 with 8 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 Ashram Onlinecom (BOM:526187), the current Beneish M-Score is -4.29 as of Jun. 29, 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 Ashram Onlinecom (BOM:526187) Overvalued in 2026?

Based on GuruFocus' analysis, Ashram Onlinecom stock appears to be undervalued. The current stock price of ₹6.31 is trading 16% below its estimated GF Value™ of ₹7.51. GuruFocus considers Ashram Onlinecom to be Modestly Undervalued.

Key valuation signals for BOM:526187:

  • Beneish M-Score: -4.29
  • GF Value™: ₹7.51 vs. price of ₹6.31 (16% below fair value)
  • GF Score™: 52/100 with 8 warning signs

No single metric tells the full story. See the BOM:526187 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ashram Onlinecom Business Description

Address Mookathal Street, New No. 29, Old No.12, 2nd Floor, Purasawalkkam, Chennai, TN, IND, 600 007
Ashram Onlinecom Ltd provides the retail sales of souvenirs, craftwork religious articles, and others in India. Its product portfolio includes Raksha, Raksha Combo Packs, Puja Items, Tilasmi Motiand Tulsi Mala. The company services include Homam, Pariharam, Puja, Samskaram, and Navagraha Puja. Using the modern technology and marketing platforms like Amazon, Flipkart and Direct Marketing, the company is heading towards taking a good share of market lying in this space. The company found that the quest for peace, prosperity and holistic life is unlimited and the demand for such products, which can promote peace, prosperity and holistic lifestyle based on ancient sciences and traditions, is growing day by day.
52GF Score

Get the complete analysis for BOM:526187

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

₹6.31
Price
₹7.51
GF Value