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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 -2.72 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Hindustan Tin Works's Beneish M-Score or its related term are showing as below:
BOM:530315'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.67 Med: -2.71 Max: 1.83
Current: -2.72
During the past 13 years, the highest Beneish M-Score of Hindustan Tin Works was 1.83. The lowest was -3.67. And the median was -2.71.
Hindustan Tin Works Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Hindustan Tin Works'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.
BOM:530315 vs SW, PKG, IP: Beneish M-Score Comparison
For the Packaging & Containers subindustry, Hindustan Tin Works'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.
Hindustan Tin Works Beneish M-Score vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Hindustan Tin Works's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Hindustan Tin Works'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 Hindustan Tin Works 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 * 0.9304
+
0.528 * 0.9799
+
0.404 * 1.0777
+
0.892 * 1.0349
+
0.115 * 0.853
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0
+
4.679 * -0.081701
-
0.327 * 0.9896
=
-2.72
* 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))
=
(83.212 / (83.212 + 1476.609))
/
(103.57 / (103.57 + 1552.529))
=
0.053347
/
0.062539
=
0.853
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
=
(83.14 - 0
-
372.223)
/
3538.313
=
-0.081701
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.
Hindustan Tin Works has a M-score of -2.72 suggests that the company is unlikely to be a manipulator.
Hindustan Tin Works (BOM:530315) has a Beneish M-Score of -2.72 as of Aug. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hindustan Tin Works and its competitors. According to the industry distribution chart, Hindustan Tin Works ranks #125 out of 380 companies in the Packaging & Containers industry, placing it in the top 32.9%.
Is Hindustan Tin Works' Beneish M-Score too high?
Hindustan Tin Works' current Beneish M-Score is -2.72. Based on the distribution chart, Hindustan Tin Works ranks #125 out of 380 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Hindustan Tin Works has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hindustan Tin Works' Beneish M-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Hindustan Tin Works ranks #125 out of 380 companies for Beneish M-Score. This puts Hindustan Tin Works 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 Packaging & Containers company?
A good Beneish M-Score depends on the Packaging & Containers 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 Hindustan Tin Works and its competitors. Hindustan Tin Works's current Beneish M-Score is -2.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hindustan Tin Works stock overvalued right now?
Based on GuruFocus' analysis, Hindustan Tin Works (BOM:530315) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹182.87, compared to a current price of ₹102.30 — trading 44.1% below its estimated fair value. The current Beneish M-Score is -2.72. Hindustan Tin Works' overall GF Score™ is 60/100 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 Hindustan Tin Works (BOM:530315), the current Beneish M-Score is -2.72 as of Aug. 11, 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 Hindustan Tin Works (BOM:530315) Overvalued in 2026?
Based on GuruFocus' analysis, Hindustan Tin Works stock appears to be undervalued.
The current stock price of ₹102.30 is trading 44.1% below its estimated GF Value™ of ₹182.87.
GuruFocus considers Hindustan Tin Works to be Significantly Undervalued.
Key valuation signals for BOM:530315:
Beneish M-Score: -2.72
GF Value™: ₹182.87 vs. price of ₹102.30 (44.1% below fair value)
No single metric tells the full story. See the BOM:530315 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hindustan Tin Works Ltd is a manufacturer and exporter of high-performance metal cans, printed sheets, and related packaging components. Serving fast-moving consumer goods companies in India and abroad, it delivers a diverse product range including aerosol cans, beverage cans, food cans, and baby food cans. The company has built a good reputation by emphasizing stringent quality controls and creative packaging solutions, catering to industries such as food and beverages, health, beauty, and luxury goods. Its products are exported to over 30 countries across Africa, Australia, Europe, the Middle East, New Zealand, and North America. Revenue is majorly generated through the sale of metal packaging products to consumer marketing companies globally.
60GF Score
Get the complete analysis for BOM:530315
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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