GTT Data Solutions (BOM:530457) Beneish M-Score: 5.97 (As of Jul. 06, 2026) — 363% Above Median


BOM:530457 GTT Data Solutions Ltd BOM:530457
37 GF Score
Price ₹39.62
! 2 Warning Signs
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What is GTT Data Solutions Beneish M-Score?

GTT Data Solutions BOM:530457 +0.23% 37 Beneish M-Score is 5.97 as of Jul. 06, 2026, which is 363% above its 10-year median of 1.29. GuruFocus rates BOM:530457 with a GF Score™ of 37/100. The stock has 2 warning signs investors should review. Among 2,626 Software companies, GTT Data Solutions ranks worse than 97.03% 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.

Warning Sign:

Beneish M-Score 5.97 higher than -1.78, which implies that the company might have manipulated its financial results.

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

BOM:530457' s Beneish M-Score Range Over the Past 10 Years
Min: -3.39   Med: 1.29   Max: 5.97
Current: 5.97

During the past 13 years, the highest Beneish M-Score of GTT Data Solutions was 5.97. The lowest was -3.39. And the median was 1.29.


GTT Data Solutions Beneish M-Score Historical Data

* Premium members only.

The historical data trend for GTT Data Solutions'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.

GTT Data Solutions Beneish M-Score Chart

GTT Data Solutions 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 -3.39 5.97

GTT Data Solutions 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 -3.39 0.00 0.00 0.00 5.97

BOM:530457 vs IBM, ACN, FISV: Beneish M-Score Comparison

For the Information Technology Services subindustry, GTT Data Solutions'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.


GTT Data Solutions Beneish M-Score vs Software Industry

For the Software industry and Technology sector, GTT Data Solutions's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where GTT Data Solutions's Beneish M-Score falls into.


BOM:530457
37GF Score
GTT Data Solutions Ltd BOM:530457
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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GTT Data Solutions 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 GTT Data Solutions 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 * 2.3926+0.528 * 3.97+0.404 * 0.7783+0.892 * 8.2663+0.115 * 0.5066
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * -0.201197-0.327 * 0.8899
=5.97

* 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 ₹306 Mil.
Revenue was ₹1,333 Mil.
Gross Profit was ₹115 Mil.
Total Current Assets was ₹645 Mil.
Total Assets was ₹1,446 Mil.
Property, Plant and Equipment(Net PPE) was ₹118 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹120 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹508 Mil.
Long-Term Debt & Capital Lease Obligation was ₹108 Mil.
Net Income was ₹-165 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹126 Mil.
Total Receivables was ₹15 Mil.
Revenue was ₹161 Mil.
Gross Profit was ₹55 Mil.
Total Current Assets was ₹127 Mil.
Total Assets was ₹569 Mil.
Property, Plant and Equipment(Net PPE) was ₹97 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹33 Mil.
Selling, General, & Admin. Expense(SGA) was ₹60 Mil.
Total Current Liabilities was ₹206 Mil.
Long-Term Debt & Capital Lease Obligation was ₹67 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)
=(305.793 / 1333.226) / (15.461 / 161.284)
=0.229363 / 0.095862
=2.3926

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)
=(55.308 / 161.284) / (115.162 / 1333.226)
=0.342923 / 0.086378
=3.97

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 - (644.505 + 117.695) / 1445.944) / (1 - (126.55 + 96.617) / 568.686)
=0.47287 / 0.607574
=0.7783

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
=1333.226 / 161.284
=8.2663

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))
=(33.19 / (33.19 + 96.617)) / (119.956 / (119.956 + 117.695))
=0.255687 / 0.504757
=0.5066

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 / 1333.226) / (59.686 / 161.284)
=0 / 0.370068
=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)
=((107.908 + 507.611) / 1445.944) / ((66.545 + 205.502) / 568.686)
=0.425687 / 0.478378
=0.8899

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
=(-164.718 - 0 - 126.201) / 1445.944
=-0.201197

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.

GTT Data Solutions has a M-score of 5.97 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 5.97 mean?
GTT Data Solutions (BOM:530457) has a Beneish M-Score of 5.97 as of Jul. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on GTT Data Solutions and its competitors. This is 363% above median its historical median of 1.29. According to the industry distribution chart, GTT Data Solutions ranks #2548 out of 2626 companies in the Software industry, placing it in the top 97%.
Is GTT Data Solutions' Beneish M-Score too high?
GTT Data Solutions' current Beneish M-Score of 5.97 is 363% above median its 10-year median of 1.29. Based on the distribution chart, GTT Data Solutions ranks #2548 out of 2626 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, GTT Data Solutions has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does GTT Data Solutions' Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, GTT Data Solutions ranks #2548 out of 2626 companies for Beneish M-Score. This places GTT Data Solutions 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 Software company?
A good Beneish M-Score depends on the Software 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 GTT Data Solutions and its competitors. GTT Data Solutions's current Beneish M-Score is 5.97, which is 363% above median its own 10-year median of 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GTT Data Solutions stock overvalued right now?
GTT Data Solutions (BOM:530457) has a current Beneish M-Score of 5.97. The current Beneish M-Score is 5.97, which is 363% above median its 10-year median of 1.29. GTT Data Solutions' overall GF Score™ is 37/100 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 GTT Data Solutions (BOM:530457), the current Beneish M-Score is 5.97 as of Jul. 06, 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.

GTT Data Solutions Business Description

Address 80, Burtolla Street, Barabazar, Kolkata, WB, IND, 700007
GTT Data Solutions Ltd is engaged in the analytics revolution, empowering organizations with data-driven insights. The group provides technologies in AI, machine learning, and cloud computing technologies to deliver comprehensive analytics solutions. Its services include data engineering, business analytics, advanced predictive analytics, and digital transformation solutions, tailored to meet the needs of clients, and also provides training to upskill employees in Data Analytics and various IT solutions.
37GF Score

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

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