Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Sparc ElectrexBOM:531370 -1.71%34 Beneish M-Score is -3943.95 as of Aug. 03, 2026. GuruFocus rates BOM:531370 with a GF Score™ of 34/100 and a GF Value™ of ₹0.59 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,907 Industrial Products companies, Sparc Electrex ranks better than 99.97% 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 -3943.95 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Sparc Electrex's Beneish M-Score or its related term are showing as below:
BOM:531370'
s Beneish M-Score Range Over the Past 10 Years
Min: -3943.95 Med: -0.81 Max: 86.76
Current: -3943.95
During the past 13 years, the highest Beneish M-Score of Sparc Electrex was 86.76. The lowest was -3943.95. And the median was -0.81.
The historical data trend for Sparc Electrex'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.
BOM:531370 vs SNA, RBC, SWK: Beneish M-Score Comparison
For the Tools & Accessories subindustry, Sparc Electrex'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.
Sparc Electrex Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Sparc Electrex's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Sparc Electrex'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 Sparc Electrex 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 * 15.2029
+
0.528 * -0.0057
+
0.404 * -9782.0714
+
0.892 * 0.0773
+
0.115 * 0.0118
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0
+
4.679 * -0.23047
-
0.327 * 0.4002
=
-3,943.95
* 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))
=
(0.001 / (0.001 + 29.984))
/
(0.001 / (0.001 + 0.358))
=
3.3E-5
/
0.002786
=
0.0118
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
=
(-44.618 - 0
-
-12.643)
/
138.738
=
-0.23047
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.
Sparc Electrex has a M-score of -3,943.95 suggests that the company is unlikely to be a manipulator.
Sparc Electrex (BOM:531370) has a Beneish M-Score of -3943.95 as of Aug. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sparc Electrex and its competitors. According to the industry distribution chart, Sparc Electrex ranks #1 out of 2907 companies in the Industrial Products industry, placing it in the top 0%.
Is Sparc Electrex's Beneish M-Score too high?
Sparc Electrex's current Beneish M-Score is -3943.95. Based on the distribution chart, Sparc Electrex ranks #1 out of 2907 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Sparc Electrex has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sparc Electrex's Beneish M-Score compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Sparc Electrex ranks #1 out of 2907 companies for Beneish M-Score. This places Sparc Electrex in the top 0% 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Sparc Electrex and its competitors. Sparc Electrex's current Beneish M-Score is -3943.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sparc Electrex stock overvalued right now?
Based on GuruFocus' analysis, Sparc Electrex (BOM:531370) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.59, compared to a current price of ₹4.60 — trading 679.7% above its estimated fair value. The current Beneish M-Score is -3943.95. Sparc Electrex's overall GF Score™ is 34/100 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 Sparc Electrex (BOM:531370), the current Beneish M-Score is -3943.95 as of Aug. 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.
Is Sparc Electrex (BOM:531370) Overvalued in 2026?
Based on GuruFocus' analysis, Sparc Electrex stock appears to be overvalued.
The current stock price of ₹4.60 is trading 679.7% above its estimated GF Value™ of ₹0.59.
GuruFocus considers Sparc Electrex to be Significantly Overvalued.
Key valuation signals for BOM:531370:
Beneish M-Score: -3943.95
GF Value™: ₹0.59 vs. price of ₹4.60 (679.7% above fair value)
No single metric tells the full story. See the BOM:531370 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sparc Electrex Ltd is engaged in the manufacturing and trading of various products, including electric power tools, garden tools, cordless tools, as well as metals and metal products. Its product portfolio comprises High-pressure washers, industrial vacuum cleaners, impact drills, rotary and demolition hammers, cutters, angle grinders, cutting and grinding wheels, saw blades, and others. The company sells its products under the Hyundai brand. It operates in two segments: Manufacturing of Electrical Tools and Services, which generates the majority of its revenue, and Trading.
34GF Score
Get the complete analysis for BOM:531370
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:531370 has been successfully added to your 
