KMF Builders & Developers (BOM:531578) Beneish M-Score: 0.00 (As of Aug. 05, 2026)

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BOM:531578 KMF Builders & Developers Ltd BOM:531578
29 GF Score
Price ₹6.61
! 1 Warning Sign
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What is KMF Builders & Developers Beneish M-Score?

KMF Builders & Developers BOM:531578 -4.89% 29 Beneish M-Score is 0.00 as of Aug. 05, 2026. GuruFocus rates BOM:531578 with a GF Score™ of 29/100. The stock has 1 warning sign investors should review. Among 1,678 Real Estate companies, KMF Builders & Developers ranks worse than 59594.7% 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.

The historical rank and industry rank for KMF Builders & Developers's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of KMF Builders & Developers was 27.46. The lowest was -3.88. And the median was -0.84.

KMF Builders & Developers Beneish M-Score Historical Data

* Premium members only.

The historical data trend for KMF Builders & Developers'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.

KMF Builders & Developers Beneish M-Score Chart

KMF Builders & Developers 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 -3.88 27.46 7.79 4.03 0.00

KMF Builders & Developers 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 4.03 0.00 0.00 0.00 0.00

KMF Builders & Developers Beneish M-Score Competitor Comparison

For the Real Estate - Development subindustry, KMF Builders & Developers'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.

KMF Builders & Developers Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, KMF Builders & Developers's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where KMF Builders & Developers's Beneish M-Score falls into.


BOM:531578
29GF Score
KMF Builders & Developers Ltd BOM:531578
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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KMF Builders & Developers 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 KMF Builders & Developers 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 ₹0.00 Mil.
Gross Profit was ₹0.00 Mil.
Total Current Assets was ₹118.93 Mil.
Total Assets was ₹120.08 Mil.
Property, Plant and Equipment(Net PPE) was ₹0.63 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.93 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.00 Mil.
Total Current Liabilities was ₹2.16 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1.07 Mil.
Net Income was ₹-4.90 Mil.
Gross Profit was ₹0.00 Mil.
Cash Flow from Operations was ₹-23.91 Mil.
 Total Receivables was ₹63.32 Mil.
Revenue was ₹27.95 Mil.
Gross Profit was ₹2.24 Mil.
Total Current Assets was ₹124.96 Mil.
Total Assets was ₹126.98 Mil.
Property, Plant and Equipment(Net PPE) was ₹1.56 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.82 Mil.
Selling, General, & Admin. Expense(SGA) was ₹1.96 Mil.
Total Current Liabilities was ₹2.49 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2.50 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 / 0) / (63.321 / 27.95)
= / 2.26551
=

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)
=(2.235 / 27.95) / (0 / 0)
=0.079964 /
=

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 - (118.93 + 0.629) / 120.075) / (1 - (124.959 + 1.559) / 126.98)
=0.004297 / 0.003638
=

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
=0 / 27.95
=

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))
=(0.818 / (0.818 + 1.559)) / (0.93 / (0.93 + 0.629))
=0.344131 / 0.596536
=

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 / 0) / (1.956 / 27.95)
= / 0.069982
=

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)
=((1.072 + 2.155) / 120.075) / ((2.5 + 2.492) / 126.98)
=0.026875 / 0.039313
=

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
=(-4.896 - 0 - -23.906) / 120.075
=0.158318

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
KMF Builders & Developers (BOM:531578) has a Beneish M-Score of 0.00 as of Aug. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on KMF Builders & Developers and its competitors. According to the industry distribution chart, KMF Builders & Developers ranks #999999 out of 1678 companies in the Real Estate industry.
Is KMF Builders & Developers' Beneish M-Score too high?
KMF Builders & Developers' current Beneish M-Score is 0.00. Based on the distribution chart, KMF Builders & Developers ranks #999999 out of 1678 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, KMF Builders & Developers has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does KMF Builders & Developers' Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, KMF Builders & Developers ranks #999999 out of 1678 companies for Beneish M-Score. This places KMF Builders & Developers 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 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 KMF Builders & Developers and its competitors. KMF Builders & Developers's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KMF Builders & Developers stock overvalued right now?
KMF Builders & Developers (BOM:531578) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. KMF Builders & Developers' overall GF Score™ is 29/100 with 1 warning sign 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 KMF Builders & Developers (BOM:531578), the current Beneish M-Score is 0.00 as of Aug. 05, 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.

KMF Builders & Developers Business Description

Address 907, Rajendera Place, 9th Floor, Vikram Tower, New Delhi, IND, 110008
KMF Builders & Developers Ltd is engaged in the development and construction of properties. The company constructs residences and buildings. Its projects include Golf Manor residential apartments and Royal Manor residential apartments. It has two segments: Real Estate Segment which comprises of development, sale, management and operation of all or any part of townships, housing projects, also includes leasing of self owned commercial premises; and Contracting and Manufacturing Segment which involves development of commercial premises and other related activities and also includes manufacturing activities related to interiors, glazing and metal works and concrete products. It generates revenue from the sale of flats. Geographically, it generates the majority of its revenue from India.
29GF Score

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

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