Unitech International (BOM:531867) Beneish M-Score: 0.00 (As of Jul. 09, 2026)


BOM:531867 Unitech International Ltd BOM:531867
18 GF Score
Price ₹3.28
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What is Unitech International Beneish M-Score?

Unitech International BOM:531867 -4.65% 18 Beneish M-Score is 0.00 as of Jul. 09, 2026. GuruFocus rates BOM:531867 with a GF Score™ of 18/100.

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 Unitech International's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Unitech International was 0.00. The lowest was 0.00. And the median was 0.00.

Unitech International Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Unitech International'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.

Unitech International Beneish M-Score Chart

Unitech International Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.19 -3.55 -3.02 -62.50 410.63

Unitech International Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 -62.50 0.00 0.00 0.00 410.63

Unitech International Beneish M-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Unitech International'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.

Unitech International Beneish M-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Unitech International's Beneish M-Score distribution charts can be found below:

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


BOM:531867
18GF Score
Unitech International Ltd BOM:531867
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Unitech International 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 Unitech International 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 * 453.8125+0.528 * 0.0027+0.404 * 1.1549+0.892 * 0.0021+0.115 * 0.7891
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 8.0542+4.679 * -0.177028-0.327 * 1.1652
=410.63

* 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 (Mar25) TTM:Last Year (Mar24) TTM:
Total Receivables was ₹58.26 Mil.
Revenue was ₹0.11 Mil.
Gross Profit was ₹-17.36 Mil.
Total Current Assets was ₹91.93 Mil.
Total Assets was ₹118.09 Mil.
Property, Plant and Equipment(Net PPE) was ₹22.64 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹13.15 Mil.
Selling, General, & Admin. Expense(SGA) was ₹3.33 Mil.
Total Current Liabilities was ₹125.02 Mil.
Long-Term Debt & Capital Lease Obligation was ₹278.30 Mil.
Net Income was ₹-21.86 Mil.
Gross Profit was ₹0.00 Mil.
Cash Flow from Operations was ₹-0.96 Mil.
 Total Receivables was ₹60.32 Mil.
Revenue was ₹50.27 Mil.
Gross Profit was ₹-21.81 Mil.
Total Current Assets was ₹97.07 Mil.
Total Assets was ₹136.39 Mil.
Property, Plant and Equipment(Net PPE) was ₹35.79 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹14.62 Mil.
Selling, General, & Admin. Expense(SGA) was ₹194.47 Mil.
Total Current Liabilities was ₹122.26 Mil.
Long-Term Debt & Capital Lease Obligation was ₹277.48 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)
=(58.262 / 0.107) / (60.315 / 50.269)
=544.504673 / 1.199845
=453.8125

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)
=(-21.808 / 50.269) / (-17.359 / 0.107)
=-0.433826 / -162.233645
=0.0027

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 - (91.934 + 22.639) / 118.094) / (1 - (97.072 + 35.792) / 136.385)
=0.029815 / 0.025817
=1.1549

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
=0.107 / 50.269
=0.0021

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))
=(14.617 / (14.617 + 35.792)) / (13.153 / (13.153 + 22.639))
=0.289968 / 0.367484
=0.7891

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)
=(3.334 / 0.107) / (194.474 / 50.269)
=31.158879 / 3.868667
=8.0542

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)
=((278.296 + 125.016) / 118.094) / ((277.48 + 122.258) / 136.385)
=3.415178 / 2.930953
=1.1652

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
=(-21.864 - 0 - -0.958) / 118.094
=-0.177028

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.

Unitech International has a M-score of 410.63 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?
Unitech International (BOM:531867) has a Beneish M-Score of 0.00 as of Jul. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Unitech International and its competitors.
Is Unitech International's Beneish M-Score too high?
Unitech International's current Beneish M-Score is 0.00. Overall, Unitech International has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Unitech International's Beneish M-Score compare to competitors?
Unitech International's Beneish M-Score of 0.00 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Beneish M-Score depends on the Metals & Mining 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 Unitech International and its competitors. Unitech International'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 Unitech International stock overvalued right now?
Unitech International (BOM:531867) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Unitech International's overall GF Score™ is 18/100. 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 Unitech International (BOM:531867), the current Beneish M-Score is 0.00 as of Jul. 09, 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.

Unitech International Business Description

Address D-714, Nilkant Buisness Park, Station Road, 7th Floor, D-Wing, Kirol Village, Vidhyavihar (West), Mumbai, MH, IND, 400086
Unitech International Ltd is an India-based trading company. It is engaged in the trading of commodities like ferrous metals, non-ferrous metals, acrylic and engineering plastics, chemicals, fast-moving consumer goods products, and others. The company is involved in the international trade business by importing and exporting commodities to and from the European Union, the Americas, Africa, the Middle East, and South-East Asia. The majority of revenue is derived from India.
18GF Score

Get the complete analysis for BOM:531867

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

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