Prism Finance (BOM:531735) Beneish M-Score: -1.96 (As of Jun. 30, 2026)

What is Prism Finance Beneish M-Score?

Prism Finance BOM:531735 36 Beneish M-Score is -1.96 as of Jun. 30, 2026. GuruFocus rates BOM:531735 with a GF Score™ of 36/100 and a GF Value™ of ₹27.65. The stock has 1 warning sign investors should review.

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 -1.96 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BOM:531735' s Beneish M-Score Range Over the Past 10 Years
Min: -18.64 Med: -1.82 Max: 1.25
Current: -1.96

During the past 13 years, the highest Beneish M-Score of Prism Finance was 1.25. The lowest was -18.64. And the median was -1.82.

Prism Finance Beneish M-Score Related Terms

Prism Finance Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Prism 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.

Prism Finance Beneish M-Score Chart

Prism Finance Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Beneish M-Score

Get a 7-Day Free Trial

-1.07

-4.94

1.25

-18.64

-1.96

Prism 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															-18.64	0.00	0.00	0.00	-1.96

BOM:531735 vs MS, GS, SCHW: Beneish M-Score Comparison

For the Capital Markets subindustry, Prism 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.

Prism Finance Beneish M-Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Prism Finance's Beneish M-Score distribution charts can be found below:

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

Save Embed

36GF Score

Prism Finance Ltd BOM:531735

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Prism 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 Prism Finance for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1

0.528 * 1.7323

0.404 * 0.8995

0.892 * 1.6694

0.115 * 1.0338

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0

4.679 * -0.151213

0.327 * 0.6597

-1.96

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was ₹18.27 Mil.
Revenue was ₹1.02 Mil.
Gross Profit was ₹-4.88 Mil.
Total Current Assets was ₹18.77 Mil.
Total Assets was ₹191.19 Mil.
Property, Plant and Equipment(Net PPE) was ₹5.14 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.68 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.00 Mil.
Total Current Liabilities was ₹4.65 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Net Income was ₹-35.44 Mil.
Gross Profit was ₹0.00 Mil.
Cash Flow from Operations was ₹-6.52 Mil.

Total Receivables was ₹0.00 Mil.
Revenue was ₹0.61 Mil.
Gross Profit was ₹-5.07 Mil.
Total Current Assets was ₹0.24 Mil.
Total Assets was ₹236.90 Mil.
Property, Plant and Equipment(Net PPE) was ₹6.23 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.86 Mil.
Selling, General, & Admin. Expense(SGA) was ₹5.26 Mil.
Total Current Liabilities was ₹0.97 Mil.
Long-Term Debt & Capital Lease Obligation was ₹7.76 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)
	=	(18.272 / 1.02)	/	(0 / 0.611)
	=	17.913725	/	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)
	=	(-5.066 / 0.611)	/	(-4.882 / 1.02)
	=	-8.291326	/	-4.786275
	=	1.7323

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 - (18.771 + 5.14) / 191.194)	/	(1 - (0.238 + 6.229) / 236.901)
	=	0.874939	/	0.972702
	=	0.8995

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
	=	1.02	/	0.611
	=	1.6694

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))
	=	(0.857 / (0.857 + 6.229))	/	(0.681 / (0.681 + 5.14))
	=	0.120943	/	0.11699
	=	1.0338

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 / 1.02)	/	(5.26 / 0.611)
	=	0	/	8.608838
	=	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)
	=	((0 + 4.646) / 191.194)	/	((7.76 + 0.966) / 236.901)
	=	0.0243	/	0.036834
	=	0.6597

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
	=	(-35.435 - 0	-	-6.524)	/	191.194
	=	-0.151213

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.

Prism Finance has a M-score of -1.96 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 -1.96 mean?

Prism Finance (BOM:531735) has a Beneish M-Score of -1.96 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Prism Finance and its competitors.

Is Prism Finance's Beneish M-Score too high?

Prism Finance's current Beneish M-Score is -1.96. Overall, Prism Finance has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.

How does Prism Finance's Beneish M-Score compare to MS and GS?

Prism Finance's Beneish M-Score of -1.96 can be compared against companies in the Capital Markets 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 Capital Markets company?

A good Beneish M-Score depends on the Capital Markets 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 Prism Finance and its competitors. Prism Finance's current Beneish M-Score is -1.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Prism Finance stock overvalued right now?

Prism Finance (BOM:531735) has a current Beneish M-Score of -1.96. The stock's GF Value™ is ₹27.65, compared to a current price of ₹26.96 — trading 2.5% below its estimated fair value. The current Beneish M-Score is -1.96. Prism Finance's overall GF Score™ is 36/100 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 Prism Finance (BOM:531735), the current Beneish M-Score is -1.96 as of Jun. 30, 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 Prism Finance (BOM:531735) Overvalued in 2026?

Based on GuruFocus' analysis, Prism Finance stock appears to be undervalued. The current stock price of ₹26.96 is trading 2.5% below its estimated GF Value™ of ₹27.65.

Key valuation signals for BOM:531735:

Beneish M-Score: -1.96
GF Value™: ₹27.65 vs. price of ₹26.96 (2.5% below fair value)
GF Score™: 36/100 with 1 warning sign

No single metric tells the full story. See the BOM:531735 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Prism Finance Business Description

Industry Financial Services Capital Markets

Comparable Companies BOM:511636 BOM:508956 BOM:511501 BOM:538609 BOM:531936 BOM:511092 BOM:531274 BOM:540386 BOM:531502 BOM:531737 MS GS SCHW BSP:BPAC3 HOOD ASX:MQG SHSE:600030 SHSE:601211 IBKR SHSE:601688

Address Ambali Bopal Road, Offices No. 1104, 1105, 1106, One 42 Building, North Tower, Behind Ashok Vatika, Near Jayantilal Parks BRTS, Ahmedabad, GJ, IND, 380054

Website https://www.prismfinancein.com

Prism Finance Ltd is an Indian Non-Banking Financial Company (NBFC). It is engaged in the business of financial services by way of assisting in providing finance through loans, advances, bill discounting, leases, Higher Purchase, and any other form of finance. In addition, it is also involved in making investments in shares and securities, trading, as well as dealing in shares and securities.

36GF Score

Get the complete analysis for BOM:531735

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

₹26.96

Price

₹27.65

GF Value

View BOM:531735 Analysis

See Beneish M-Score data for all stocks →