Super Bakers (India) (BOM:530735) Beneish M-Score: 0.00 (As of Jun. 30, 2026)


BOM:530735 Super Bakers (India) Ltd BOM:530735
33 GF Score
Price ₹37.37
! 1 Warning Sign
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What is Super Bakers (India) Beneish M-Score?

Super Bakers (India) BOM:530735 -0.48% 33 Beneish M-Score is 0.00 as of Jun. 30, 2026. GuruFocus rates BOM:530735 with a GF Score™ of 33/100. The stock has 1 warning sign investors should review. Among 1,848 Consumer Packaged Goods companies, Super Bakers (India) ranks worse than 54112.5% 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 Super Bakers (India)'s Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Super Bakers (India) was 0.00. The lowest was 0.00. And the median was 0.00.

Super Bakers (India) Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Super Bakers (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.

Super Bakers (India) Beneish M-Score Chart

Super Bakers (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 0.00 0.00 0.00 0.00 0.00

Super Bakers (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 0.00 0.00 0.00 0.00 0.00

BOM:530735 vs KHC, GIS: Beneish M-Score Comparison

For the Packaged Foods subindustry, Super Bakers (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.

Super Bakers (India) Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Super Bakers (India)'s Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Super Bakers (India)'s Beneish M-Score falls into.


BOM:530735
33GF Score
Super Bakers (India) Ltd BOM:530735
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Super Bakers (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 Super Bakers (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 ₹0.60 Mil.
Revenue was ₹0.00 Mil.
Gross Profit was ₹0.00 Mil.
Total Current Assets was ₹52.11 Mil.
Total Assets was ₹59.07 Mil.
Property, Plant and Equipment(Net PPE) was ₹3.01 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.69 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.00 Mil.
Total Current Liabilities was ₹3.20 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Net Income was ₹4.73 Mil.
Gross Profit was ₹0.00 Mil.
Cash Flow from Operations was ₹5.40 Mil.
 Total Receivables was ₹0.56 Mil.
Revenue was ₹0.00 Mil.
Gross Profit was ₹0.00 Mil.
Total Current Assets was ₹46.52 Mil.
Total Assets was ₹54.13 Mil.
Property, Plant and Equipment(Net PPE) was ₹6.20 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.86 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.58 Mil.
Total Current Liabilities was ₹3.00 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)
=(0.597 / 0) / (0.558 / 0)
= /
=

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)
=(0 / 0) / (0 / 0)
= /
=

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 - (52.11 + 3.009) / 59.067) / (1 - (46.522 + 6.198) / 54.134)
=0.066839 / 0.02612
=

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 / 0
=

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))
=(0.855 / (0.855 + 6.198)) / (0.689 / (0.689 + 3.009))
=0.121225 / 0.186317
=

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) / (0.578 / 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 + 3.198) / 59.067) / ((0 + 2.995) / 54.134)
=0.054142 / 0.055326
=

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
=(4.73 - 0 - 5.4) / 59.067
=-0.011343

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?
Super Bakers (India) (BOM:530735) has a Beneish M-Score of 0.00 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Super Bakers (India) and its competitors. According to the industry distribution chart, Super Bakers (India) ranks #999999 out of 1848 companies in the Consumer Packaged Goods industry.
Is Super Bakers (India)'s Beneish M-Score too high?
Super Bakers (India)'s current Beneish M-Score is 0.00. Based on the distribution chart, Super Bakers (India) ranks #999999 out of 1848 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Super Bakers (India) has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Super Bakers (India)'s Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Super Bakers (India) ranks #999999 out of 1848 companies for Beneish M-Score. This places Super Bakers (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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Super Bakers (India) and its competitors. Super Bakers (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 Super Bakers (India) stock overvalued right now?
Super Bakers (India) (BOM:530735) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Super Bakers (India)'s overall GF Score™ is 33/100 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 Super Bakers (India) (BOM:530735), the current Beneish M-Score is 0.00 as of Jun. 30, 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.

Super Bakers (India) Business Description

Address Anil Starch Mill Road, Naroda Road, Near Hirawadi Char Rasta, Ahmedabad, GJ, IND, 380 025
Super Bakers (India) Ltd is involved in the manufacturing bread with the brand name 'Super Bread' and is located in Ahmedabad, Gujarat. Its products comprise Bread, Buns and Pav, and Flatbreads. The company is a license holder of Modern Food Enterprises Pvt. Ltd. which is a franchise of 'Modern Bread' for manufacturing and marketing in Gujarat and some of the areas of Rajasthan.
33GF Score

Get the complete analysis for BOM:530735

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

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