Unique Organics (BOM:530997) Beneish M-Score: 20.67 (As of Jul. 26, 2026)

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BOM:530997 Unique Organics Ltd BOM:530997
77 GF Score
Price ₹76.98
GF Value ₹75.67
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Unique Organics Beneish M-Score?

Unique Organics BOM:530997 +0.12% 77 Beneish M-Score is 20.67 as of Jul. 26, 2026. GuruFocus rates BOM:530997 with a GF Score™ of 77/100 and a GF Value™ of ₹75.67 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,851 Consumer Packaged Goods companies, Unique Organics ranks worse than 99.03% 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 20.67 higher than -1.78, which implies that the company might have manipulated its financial results.

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

BOM:530997' s Beneish M-Score Range Over the Past 10 Years
Min: -3.65   Med: -2.34   Max: 20.67
Current: 20.67

During the past 13 years, the highest Beneish M-Score of Unique Organics was 20.67. The lowest was -3.65. And the median was -2.34.


Unique Organics Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Unique Organics'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.

Unique Organics Beneish M-Score Chart

Unique Organics 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 -1.24 -1.76 -3.65 -1.95 20.67

Unique Organics 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 -1.95 0.00 0.00 0.00 20.67

BOM:530997 vs ADM, BG, TSN: Beneish M-Score Comparison

For the Farm Products subindustry, Unique Organics'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.


Unique Organics Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Unique Organics's Beneish M-Score distribution charts can be found below:

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


BOM:530997
77GF Score
Unique Organics Ltd BOM:530997
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Unique Organics 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 Unique Organics 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 * 3.1371+0.528 * 1.0168+0.404 * 51.6779+0.892 * 0.7092+0.115 * 0.8394
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.319023-0.327 * 3.0967
=20.67

* 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 ₹293 Mil.
Revenue was ₹1,057 Mil.
Gross Profit was ₹193 Mil.
Total Current Assets was ₹489 Mil.
Total Assets was ₹536 Mil.
Property, Plant and Equipment(Net PPE) was ₹25 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹3 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹122 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 Mil.
Net Income was ₹80 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-91 Mil.
Total Receivables was ₹131 Mil.
Revenue was ₹1,491 Mil.
Gross Profit was ₹277 Mil.
Total Current Assets was ₹335 Mil.
Total Assets was ₹360 Mil.
Property, Plant and Equipment(Net PPE) was ₹25 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹2 Mil.
Selling, General, & Admin. Expense(SGA) was ₹48 Mil.
Total Current Liabilities was ₹26 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 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)
=(292.519 / 1057.289) / (131.479 / 1490.834)
=0.276669 / 0.088192
=3.1371

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)
=(276.782 / 1490.834) / (193.056 / 1057.289)
=0.185656 / 0.182595
=1.0168

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 - (489.213 + 24.634) / 535.949) / (1 - (334.564 + 24.797) / 359.648)
=0.041239 / 0.000798
=51.6779

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
=1057.289 / 1490.834
=0.7092

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))
=(2.134 / (2.134 + 24.797)) / (2.568 / (2.568 + 24.634))
=0.07924 / 0.094405
=0.8394

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 / 1057.289) / (48.271 / 1490.834)
=0 / 0.032379
=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 + 121.892) / 535.949) / ((0 + 26.414) / 359.648)
=0.227432 / 0.073444
=3.0967

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
=(80.471 - 0 - -90.509) / 535.949
=0.319023

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.

Unique Organics has a M-score of 20.67 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 20.67 mean?
Unique Organics (BOM:530997) has a Beneish M-Score of 20.67 as of Jul. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Unique Organics and its competitors. According to the industry distribution chart, Unique Organics ranks #1833 out of 1851 companies in the Consumer Packaged Goods industry, placing it in the top 99%.
Is Unique Organics' Beneish M-Score too high?
Unique Organics' current Beneish M-Score is 20.67. Based on the distribution chart, Unique Organics ranks #1833 out of 1851 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Unique Organics has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Unique Organics' Beneish M-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Unique Organics ranks #1833 out of 1851 companies for Beneish M-Score. This places Unique Organics 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 Unique Organics and its competitors. Unique Organics's current Beneish M-Score is 20.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unique Organics stock overvalued right now?
Based on GuruFocus' analysis, Unique Organics (BOM:530997) is currently considered Fairly Valued. The stock's GF Value™ is ₹75.67, compared to a current price of ₹76.98 — trading 1.7% above its estimated fair value. The current Beneish M-Score is 20.67. Unique Organics' overall GF Score™ is 77/100 with 5 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 Unique Organics (BOM:530997), the current Beneish M-Score is 20.67 as of Jul. 26, 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 Unique Organics (BOM:530997) Overvalued in 2026?

Based on GuruFocus' analysis, Unique Organics stock appears to be overvalued. The current stock price of ₹76.98 is trading 1.7% above its estimated GF Value™ of ₹75.67. GuruFocus considers Unique Organics to be Fairly Valued.

Key valuation signals for BOM:530997:

  • Beneish M-Score: 20.67
  • GF Value™: ₹75.67 vs. price of ₹76.98 (1.7% above fair value)
  • GF Score™: 77/100 with 5 warning signs

No single metric tells the full story. See the BOM:530997 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Unique Organics Business Description

Address E-521, Sitapura Industrial Area, Jaipur, RJ, IND, 302022
Unique Organics Ltd is an India-based company engaged in the trading activities of agri-commodities. Its products include Rohini Feed Products, Oil Seeds, Organic Products, Rice, Spices, Dry Fruits, Feed Ingredients, Natural and Herbal Products, and others. The company operates in a single primary business segment, namely, Feed, food, and Spices products. The company makes its sales through geographical segments that include India and Overseas; the majority of the revenue is derived from the Overseas segment.
77GF Score

Get the complete analysis for BOM:530997

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

₹76.98
Price
₹75.67
GF Value