Nuway Organic Naturals India (BOM:531819) Beneish M-Score: 0.00 (As of Jul. 01, 2026)


BOM:531819 Nuway Organic Naturals India Ltd BOM:531819
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Price ₹37.00
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What is Nuway Organic Naturals India Beneish M-Score?

Nuway Organic Naturals India BOM:531819 4 Beneish M-Score is 0.00 as of Jul. 01, 2026. GuruFocus rates BOM:531819 with a GF Score™ of 4/100.

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 Nuway Organic Naturals India's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Nuway Organic Naturals India was 0.00. The lowest was 0.00. And the median was 0.00.

Nuway Organic Naturals India Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Nuway Organic Naturals India'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.

Nuway Organic Naturals India Beneish M-Score Chart

Nuway Organic Naturals India Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.87 -3.26 -2.77 -1.74 0.00

Nuway Organic Naturals India Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.00 0.00 0.00 0.00 0.00

BOM:531819 vs STZ, BF.B: Beneish M-Score Comparison

For the Beverages - Wineries & Distilleries subindustry, Nuway Organic Naturals India'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.

Nuway Organic Naturals India Beneish M-Score vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Nuway Organic Naturals India's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Nuway Organic Naturals India's Beneish M-Score falls into.


BOM:531819
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Nuway Organic Naturals India Ltd BOM:531819
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Nuway Organic Naturals India 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 Nuway Organic Naturals India 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 (Mar23) TTM:Last Year (Mar22) TTM:
Total Receivables was ₹5.83 Mil.
Revenue was ₹0.00 Mil.
Gross Profit was ₹0.00 Mil.
Total Current Assets was ₹36.77 Mil.
Total Assets was ₹236.59 Mil.
Property, Plant and Equipment(Net PPE) was ₹196.88 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.00 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.26 Mil.
Total Current Liabilities was ₹173.45 Mil.
Long-Term Debt & Capital Lease Obligation was ₹379.55 Mil.
Net Income was ₹2.07 Mil.
Gross Profit was ₹0.00 Mil.
Cash Flow from Operations was ₹0.00 Mil.
 Total Receivables was ₹6.14 Mil.
Revenue was ₹0.10 Mil.
Gross Profit was ₹-0.84 Mil.
Total Current Assets was ₹38.32 Mil.
Total Assets was ₹223.22 Mil.
Property, Plant and Equipment(Net PPE) was ₹182.23 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹15.22 Mil.
Selling, General, & Admin. Expense(SGA) was ₹1.32 Mil.
Total Current Liabilities was ₹187.79 Mil.
Long-Term Debt & Capital Lease Obligation was ₹365.33 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)
=(5.827 / 0) / (6.141 / 0.099)
= / 62.030303
=

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)
=(-0.839 / 0.099) / (0 / 0)
=-8.474747 /
=

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 - (36.766 + 196.88) / 236.589) / (1 - (38.321 + 182.227) / 223.218)
=0.012439 / 0.011961
=

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 / 0.099
=

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))
=(15.218 / (15.218 + 182.227)) / (0 / (0 + 196.88))
=0.077075 / 0
=

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)
=(0.262 / 0) / (1.321 / 0.099)
= / 13.343434
=

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)
=((379.554 + 173.45) / 236.589) / ((365.334 + 187.794) / 223.218)
=2.337404 / 2.477972
=

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
=(2.074 - 0 - 0) / 236.589
=0.008766

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?
Nuway Organic Naturals India (BOM:531819) has a Beneish M-Score of 0.00 as of Jul. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Nuway Organic Naturals India and its competitors.
Is Nuway Organic Naturals India's Beneish M-Score too high?
Nuway Organic Naturals India's current Beneish M-Score is 0.00. Overall, Nuway Organic Naturals India has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Nuway Organic Naturals India's Beneish M-Score compare to STZ and BF.B?
Nuway Organic Naturals India's Beneish M-Score of 0.00 can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good Beneish M-Score depends on the Beverages - Alcoholic 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 Nuway Organic Naturals India and its competitors. Nuway Organic Naturals India'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 Nuway Organic Naturals India stock overvalued right now?
Nuway Organic Naturals India (BOM:531819) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Nuway Organic Naturals India's overall GF Score™ is 4/100. 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 Nuway Organic Naturals India (BOM:531819), the current Beneish M-Score is 0.00 as of Jul. 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.

Nuway Organic Naturals India Business Description

Address National Highway 1, Mile Stone 232, Delhi-Amritsar, Village Devi Nagar, Rajpura, Patiala, PB, IND, 140 401
Nuway Organic Naturals India Ltd is engaged in the manufacturing and selling of liquor. Its other business activities comprise the trading of cosmetics, bottled soda, soft drinks, and packaging drinking water. The majority of revenue is derived from the sale of liquor.
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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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