Roselabs Finance (BOM:531324) Beneish M-Score: -11.20 (As of Jul. 03, 2026)


BOM:531324 Roselabs Finance Ltd BOM:531324
21 GF Score
Price ₹21.52
! 2 Warning Signs
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What is Roselabs Finance Beneish M-Score?

Roselabs Finance BOM:531324 +4.98% 21 Beneish M-Score is -11.20 as of Jul. 03, 2026. GuruFocus rates BOM:531324 with a GF Score™ of 21/100. The stock has 2 warning signs investors should review. Among 1,680 Real Estate companies, Roselabs Finance ranks better than 99.11% 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.

Good Sign:

Beneish M-Score -11.2 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BOM:531324' s Beneish M-Score Range Over the Past 10 Years
Min: -17.47   Med: -6.98   Max: -0.64
Current: -11.2

During the past 13 years, the highest Beneish M-Score of Roselabs Finance was -0.64. The lowest was -17.47. And the median was -6.98.

Roselabs Finance Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Roselabs 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.

Roselabs Finance Beneish M-Score Chart

Roselabs Finance 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 -2.75 -11.20

Roselabs Finance 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 -2.75 0.00 0.00 0.00 -11.20

Roselabs Finance Beneish M-Score Competitor Comparison

For the Real Estate - Development subindustry, Roselabs 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.

Roselabs Finance Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Roselabs Finance's Beneish M-Score distribution charts can be found below:

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


BOM:531324
21GF Score
Roselabs Finance Ltd BOM:531324
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Roselabs Finance 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 Roselabs 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+0.528 * 1.0075+0.404 * 0.0421+0.892 * 1.7029+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * -1.746599-0.327 * 3.9604
=-11.20

* 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 ₹0.00 Mil.
Revenue was ₹12.08 Mil.
Gross Profit was ₹0.12 Mil.
Total Current Assets was ₹0.58 Mil.
Total Assets was ₹0.59 Mil.
Property, Plant and Equipment(Net PPE) was ₹0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.00 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.00 Mil.
Total Current Liabilities was ₹0.19 Mil.
Long-Term Debt & Capital Lease Obligation was ₹50.75 Mil.
Net Income was ₹-3.07 Mil.
Gross Profit was ₹0.00 Mil.
Cash Flow from Operations was ₹-2.04 Mil.
 Total Receivables was ₹0.00 Mil.
Revenue was ₹7.09 Mil.
Gross Profit was ₹0.07 Mil.
Total Current Assets was ₹1.17 Mil.
Total Assets was ₹2.27 Mil.
Property, Plant and Equipment(Net PPE) was ₹0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.00 Mil.
Selling, General, & Admin. Expense(SGA) was ₹2.17 Mil.
Total Current Liabilities was ₹0.21 Mil.
Long-Term Debt & Capital Lease Obligation was ₹49.34 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 / 12.075) / (0 / 7.091)
=0 / 0
=1

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)
=(0.071 / 7.091) / (0.12 / 12.075)
=0.010013 / 0.009938
=1.0075

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 - (0.576 + 0) / 0.588) / (1 - (1.166 + 0) / 2.265)
=0.020408 / 0.48521
=0.0421

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
=12.075 / 7.091
=1.7029

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 / (0 + 0)) / (0 / (0 + 0))
= /
=1

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 / 12.075) / (2.174 / 7.091)
=0 / 0.306586
=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)
=((50.745 + 0.189) / 0.588) / ((49.335 + 0.206) / 2.265)
=86.622449 / 21.872406
=3.9604

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
=(-3.07 - 0 - -2.043) / 0.588
=-1.746599

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.

Roselabs Finance has a M-score of -11.20 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -11.20 mean?
Roselabs Finance (BOM:531324) has a Beneish M-Score of -11.20 as of Jul. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Roselabs Finance and its competitors. According to the industry distribution chart, Roselabs Finance ranks #15 out of 1680 companies in the Real Estate industry, placing it in the top 0.90000000000001%.
Is Roselabs Finance's Beneish M-Score too high?
Roselabs Finance's current Beneish M-Score is -11.20. Based on the distribution chart, Roselabs Finance ranks #15 out of 1680 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Roselabs Finance has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Roselabs Finance's Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, Roselabs Finance ranks #15 out of 1680 companies for Beneish M-Score. This places Roselabs Finance in the top 1% of its industry — outperforming the majority of peers. 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Roselabs Finance and its competitors. Roselabs Finance's current Beneish M-Score is -11.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Roselabs Finance stock overvalued right now?
Roselabs Finance (BOM:531324) has a current Beneish M-Score of -11.20. The current Beneish M-Score is -11.20. Roselabs Finance's overall GF Score™ is 21/100 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 Roselabs Finance (BOM:531324), the current Beneish M-Score is -11.20 as of Jul. 03, 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.

Roselabs Finance Business Description

Address N.M Joshi Marg, 10th Floor, Lodha Excelus, Apollo Mills Compound, Mahalaxmi, Mumbai, MH, IND, 400011
Roselabs Finance Ltd is an Indian company engaged in the development of real estate properties. For management purposes, the company is into one reportable segment which is Real Estate development.
21GF Score

Get the complete analysis for BOM:531324

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

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