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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.
Warning Sign:
Beneish M-Score -0.86 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Optimus Finance's Beneish M-Score or its related term are showing as below:
BOM:531254'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.68 Med: -1.58 Max: 23.27
Current: -0.86
During the past 13 years, the highest Beneish M-Score of Optimus Finance was 23.27. The lowest was -2.68. And the median was -1.58.
The historical data trend for Optimus Finance'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.
For the Chemicals subindustry, Optimus Finance'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.
Optimus Finance Beneish M-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Optimus Finance's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Optimus Finance'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 Optimus Finance 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 * 1.4449
+
0.528 * 1.0979
+
0.404 * 1.8861
+
0.892 * 1.1738
+
0.115 * 0.924
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0
+
4.679 * 0.117602
-
0.327 * 1.2009
=
-0.86
* 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))
=
(16.852 / (16.852 + 109.933))
/
(22.23 / (22.23 + 132.31))
=
0.132918
/
0.143846
=
0.924
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
=
(57.962 - 0
-
-170.548)
/
1943.078
=
0.117602
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.
Optimus Finance has a M-score of -0.86 signals that the company is likely to be a manipulator.
Optimus Finance (BOM:531254) has a Beneish M-Score of -0.86 as of Aug. 17, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Optimus Finance and its competitors. According to the industry distribution chart, Optimus Finance ranks #1424 out of 1528 companies in the Chemicals industry, placing it in the top 93.2%.
Is Optimus Finance's Beneish M-Score too high?
Optimus Finance's current Beneish M-Score is -0.86. Based on the distribution chart, Optimus Finance ranks #1424 out of 1528 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Optimus Finance has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Optimus Finance's Beneish M-Score compare to DOW?
According to the Chemicals industry distribution chart, Optimus Finance ranks #1424 out of 1528 companies for Beneish M-Score. This places Optimus Finance 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 Chemicals company?
A good Beneish M-Score depends on the Chemicals 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 Optimus Finance and its competitors. Optimus Finance's current Beneish M-Score is -0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Optimus Finance stock overvalued right now?
Based on GuruFocus' analysis, Optimus Finance (BOM:531254) is currently considered Possible Value Trap. The stock's GF Value™ is ₹19.10, compared to a current price of ₹11.85 — trading 38% below its estimated fair value. The current Beneish M-Score is -0.86. Optimus Finance's overall GF Score™ is 65/100 with 8 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 Optimus Finance (BOM:531254), the current Beneish M-Score is -0.86 as of Aug. 17, 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 Optimus Finance (BOM:531254) Overvalued in 2026?
Based on GuruFocus' analysis, Optimus Finance stock appears to be undervalued.
The current stock price of ₹11.85 is trading 38% below its estimated GF Value™ of ₹19.10.
GuruFocus considers Optimus Finance to be Possible Value Trap.
Key valuation signals for BOM:531254:
Beneish M-Score: -0.86
GF Value™: ₹19.10 vs. price of ₹11.85 (38% below fair value)
No single metric tells the full story. See the BOM:531254 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Optimus Finance Ltd is engaged in non-banking finance activity consisting of investment in shares and securities, and other investment and financing activities. It is engaged in the business of loans and investment; importing and exporting lubricant oils, different types of base oils, and other chemical products used mainly in the automobile industry, refrigeration, power industry, metal manufacturing, paint & ink industries, and others. It operates through two business segments: Financing and Investing activity, and Trading in Chemicals. It generates a majority of its revenues through trading in chemicals outside India.
65GF Score
Get the complete analysis for BOM:531254
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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