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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.
Good Sign:
Beneish M-Score -2.77 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Centenial Surgical Suture's Beneish M-Score or its related term are showing as below:
BOM:531380'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.58 Med: -2.57 Max: -1.04
Current: -2.77
During the past 13 years, the highest Beneish M-Score of Centenial Surgical Suture was -1.04. The lowest was -3.58. And the median was -2.57.
* 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:531380 vs ISRG, BDX, MDLN: Beneish M-Score Comparison
For the Medical Instruments & Supplies subindustry, Centenial Surgical Suture'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.
Centenial Surgical Suture Beneish M-Score vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Centenial Surgical Suture's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Centenial Surgical Suture'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 Centenial Surgical Suture 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 * 0.9537
+
0.528 * 1.0403
+
0.404 * 0.9986
+
0.892 * 1.0061
+
0.115 * 0.9751
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0
+
4.679 * -0.118883
-
0.327 * 0.6408
=
-2.77
* 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))
=
(42.546 / (42.546 + 199.828))
/
(39.988 / (39.988 + 182.139))
=
0.175539
/
0.180023
=
0.9751
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
=
(-22.046 - 0
-
72.807)
/
797.87
=
-0.118883
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.
Centenial Surgical Suture has a M-score of -2.77 suggests that the company is unlikely to be a manipulator.
Centenial Surgical Suture (BOM:531380) has a Beneish M-Score of -2.77 as of Aug. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Centenial Surgical Suture and its competitors. According to the industry distribution chart, Centenial Surgical Suture ranks #247 out of 761 companies in the Medical Devices & Instruments industry, placing it in the top 32.5%.
Is Centenial Surgical Suture's Beneish M-Score too high?
Centenial Surgical Suture's current Beneish M-Score is -2.77. Based on the distribution chart, Centenial Surgical Suture ranks #247 out of 761 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Centenial Surgical Suture has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Centenial Surgical Suture's Beneish M-Score compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Centenial Surgical Suture ranks #247 out of 761 companies for Beneish M-Score. This puts Centenial Surgical Suture in the upper 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 Medical Devices & Instruments company?
A good Beneish M-Score depends on the Medical Devices & Instruments 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 Centenial Surgical Suture and its competitors. Centenial Surgical Suture's current Beneish M-Score is -2.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Centenial Surgical Suture stock overvalued right now?
Based on GuruFocus' analysis, Centenial Surgical Suture (BOM:531380) is currently considered Possible Value Trap. The stock's GF Value™ is ₹110.42, compared to a current price of ₹76.62 — trading 30.6% below its estimated fair value. The current Beneish M-Score is -2.77. Centenial Surgical Suture's overall GF Score™ is 61/100 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 Centenial Surgical Suture (BOM:531380), the current Beneish M-Score is -2.77 as of Aug. 01, 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 Centenial Surgical Suture (BOM:531380) Overvalued in 2026?
Based on GuruFocus' analysis, Centenial Surgical Suture stock appears to be undervalued.
The current stock price of ₹76.62 is trading 30.6% below its estimated GF Value™ of ₹110.42.
GuruFocus considers Centenial Surgical Suture to be Possible Value Trap.
Key valuation signals for BOM:531380:
Beneish M-Score: -2.77
GF Value™: ₹110.42 vs. price of ₹76.62 (30.6% below fair value)
No single metric tells the full story. See the BOM:531380 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Centenial Surgical Suture Ltd is an India-based company engaged in manufacturing, marketing, and selling quality atraumatic needles and sutures; absorbable-synthetic; and other medical devices approved and licensed by Food and Drug Administration (FDA). The company's only segment is the manufacturing and sale of Medical Devices. The company sells its products in India and also exports internationally, generating a vast majority of the revenue within India.
61GF Score
Get the complete analysis for BOM:531380
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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