ABM Knowledgeware (BOM:531161) Beneish M-Score: -1.74 (As of Aug. 12, 2026)

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BOM:531161 ABM Knowledgeware Ltd BOM:531161
72 GF Score
Price ₹199.95
GF Value ₹175.31
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is ABM Knowledgeware Beneish M-Score?

ABM Knowledgeware BOM:531161 +5.21% 72 Beneish M-Score is -1.74 as of Aug. 12, 2026. GuruFocus rates BOM:531161 with a GF Score™ of 72/100 and a GF Value™ of ₹175.31 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,635 Software companies, ABM Knowledgeware ranks worse than 81.4% 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 -1.74 higher than -1.78, which implies that the company might have manipulated its financial results.

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

BOM:531161' s Beneish M-Score Range Over the Past 10 Years
Min: -3.97   Med: -2.08   Max: -0.12
Current: -1.74

During the past 13 years, the highest Beneish M-Score of ABM Knowledgeware was -0.12. The lowest was -3.97. And the median was -2.08.


ABM Knowledgeware Beneish M-Score Historical Data

* Premium members only.

The historical data trend for ABM Knowledgeware'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.

ABM Knowledgeware Beneish M-Score Chart

ABM Knowledgeware 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 -1.93 -1.53 -2.04 -2.61 -1.74

ABM Knowledgeware 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 -2.61 0.00 0.00 0.00 -1.74

BOM:531161 vs QH, SHOP, UBER: Beneish M-Score Comparison

For the Software - Application subindustry, ABM Knowledgeware'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.


ABM Knowledgeware Beneish M-Score vs Software Industry

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

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


BOM:531161
72GF Score
ABM Knowledgeware Ltd BOM:531161
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ABM Knowledgeware 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 ABM Knowledgeware 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 * 1.2461+0.528 * 1.0991+0.404 * 1.0991+0.892 * 1.0703+0.115 * 0.8919
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0972+4.679 * 0.072831-0.327 * 0.845
=-1.74

* 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 ₹841 Mil.
Revenue was ₹1,035 Mil.
Gross Profit was ₹480 Mil.
Total Current Assets was ₹1,865 Mil.
Total Assets was ₹2,856 Mil.
Property, Plant and Equipment(Net PPE) was ₹419 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹42 Mil.
Selling, General, & Admin. Expense(SGA) was ₹44 Mil.
Total Current Liabilities was ₹249 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 Mil.
Net Income was ₹94 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-114 Mil.
Total Receivables was ₹630 Mil.
Revenue was ₹967 Mil.
Gross Profit was ₹493 Mil.
Total Current Assets was ₹1,876 Mil.
Total Assets was ₹2,809 Mil.
Property, Plant and Equipment(Net PPE) was ₹420 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹37 Mil.
Selling, General, & Admin. Expense(SGA) was ₹37 Mil.
Total Current Liabilities was ₹290 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)
=(840.558 / 1034.631) / (630.235 / 966.665)
=0.812423 / 0.651968
=1.2461

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)
=(492.727 / 966.665) / (479.82 / 1034.631)
=0.509718 / 0.46376
=1.0991

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 - (1864.546 + 418.506) / 2856.2) / (1 - (1876.08 + 420.416) / 2809.423)
=0.200668 / 0.182574
=1.0991

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
=1034.631 / 966.665
=1.0703

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))
=(37.214 / (37.214 + 420.416)) / (41.986 / (41.986 + 418.506))
=0.081319 / 0.091176
=0.8919

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)
=(43.863 / 1034.631) / (37.352 / 966.665)
=0.042395 / 0.03864
=1.0972

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 + 249.433) / 2856.2) / ((0 + 290.334) / 2809.423)
=0.08733 / 0.103343
=0.845

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
=(94.482 - 0 - -113.539) / 2856.2
=0.072831

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.

ABM Knowledgeware has a M-score of -1.74 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 -1.74 mean?
ABM Knowledgeware (BOM:531161) has a Beneish M-Score of -1.74 as of Aug. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on ABM Knowledgeware and its competitors. According to the industry distribution chart, ABM Knowledgeware ranks #2145 out of 2635 companies in the Software industry, placing it in the top 81.4%.
Is ABM Knowledgeware's Beneish M-Score too high?
ABM Knowledgeware's current Beneish M-Score is -1.74. Based on the distribution chart, ABM Knowledgeware ranks #2145 out of 2635 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, ABM Knowledgeware has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ABM Knowledgeware's Beneish M-Score compare to QH and SHOP?
According to the Software industry distribution chart, ABM Knowledgeware ranks #2145 out of 2635 companies for Beneish M-Score. This places ABM Knowledgeware 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 ABM Knowledgeware and its competitors. ABM Knowledgeware's current Beneish M-Score is -1.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ABM Knowledgeware stock overvalued right now?
Based on GuruFocus' analysis, ABM Knowledgeware (BOM:531161) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹175.31, compared to a current price of ₹199.95 — trading 14.1% above its estimated fair value. The current Beneish M-Score is -1.74. ABM Knowledgeware's overall GF Score™ is 72/100 with 4 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 ABM Knowledgeware (BOM:531161), the current Beneish M-Score is -1.74 as of Aug. 12, 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 ABM Knowledgeware (BOM:531161) Overvalued in 2026?

Based on GuruFocus' analysis, ABM Knowledgeware stock appears to be overvalued. The current stock price of ₹199.95 is trading 14.1% above its estimated GF Value™ of ₹175.31. GuruFocus considers ABM Knowledgeware to be Modestly Overvalued.

Key valuation signals for BOM:531161:

  • Beneish M-Score: -1.74
  • GF Value™: ₹175.31 vs. price of ₹199.95 (14.1% above fair value)
  • GF Score™: 72/100 with 4 warning signs

No single metric tells the full story. See the BOM:531161 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ABM Knowledgeware Business Description

Address Plot Number 268, Linking Road, ABM House, Bandra (West), Mumbai, MH, IND, 400050
ABM Knowledgeware Ltd is an information technology company. It is a software and services company engaged in computer programming, consultancy, and other related activities. The company also focuses on e-governance activities, information security, and technology-enabled applications. The project portfolio of the company includes Greenfield implementation, Brownfield Implementation, Transformation initiatives, Rollouts, Upgrades, AMS & ADM, and Cloud initiatives. The business operates in one business segment which is Software and Services. The company offers its services only to Indian customers.
72GF Score

Get the complete analysis for BOM:531161

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

₹199.95
Price
₹175.31
GF Value