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Tacent ProjectsBOM:531887 31 Beneish M-Score is 0.00 as of Jul. 25, 2026. GuruFocus rates BOM:531887 with a GF Score™ of 31/100 and a GF Value™ of ₹18.42 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 998 Manufacturing - Apparel & Accessories companies, Tacent Projects ranks worse than 100200.3% 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 Tacent Projects's Beneish M-Score or its related term are showing as below:
During the past 13 years, the highest Beneish M-Score of Tacent Projects was 0.00. The lowest was 0.00. And the median was 0.00.
Tacent Projects Beneish M-Score Related Terms
Tacent Projects Beneish M-Score Historical Data
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The historical data trend for Tacent Projects'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.
For the Textile Manufacturing subindustry, Tacent Projects'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.
Tacent Projects Beneish M-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tacent Projects's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Tacent Projects'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 Tacent Projects 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.
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))
=
(0 / (0 + 0))
/
(0 / (0 + 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
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
=
(0.116 - 0
-
-0.608)
/
14.253
=
0.050796
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.
Tacent Projects (BOM:531887) has a Beneish M-Score of 0.00 as of Jul. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Tacent Projects and its competitors. According to the industry distribution chart, Tacent Projects ranks #999999 out of 998 companies in the Manufacturing - Apparel & Accessories industry.
Is Tacent Projects' Beneish M-Score too high?
Tacent Projects' current Beneish M-Score is 0.00. Based on the distribution chart, Tacent Projects ranks #999999 out of 998 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Tacent Projects has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tacent Projects' Beneish M-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Tacent Projects ranks #999999 out of 998 companies for Beneish M-Score. This places Tacent Projects 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Tacent Projects and its competitors. Tacent Projects'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 Tacent Projects stock overvalued right now?
Based on GuruFocus' analysis, Tacent Projects (BOM:531887) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹18.42, compared to a current price of ₹49.14 — trading 166.8% above its estimated fair value. The current Beneish M-Score is 0.00. Tacent Projects' overall GF Score™ is 31/100 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 Tacent Projects (BOM:531887), the current Beneish M-Score is 0.00 as of Jul. 25, 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 Tacent Projects (BOM:531887) Overvalued in 2026?
Based on GuruFocus' analysis, Tacent Projects stock appears to be overvalued.
The current stock price of ₹49.14 is trading 166.8% above its estimated GF Value™ of ₹18.42.
GuruFocus considers Tacent Projects to be Significantly Overvalued.
Key valuation signals for BOM:531887:
Beneish M-Score: 0.00
GF Value™: ₹18.42 vs. price of ₹49.14 (166.8% above fair value)
No single metric tells the full story. See the BOM:531887 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tacent Projects Ltd is engaged in the business of manufacturing, trading, and dealing in metals and metal products covering ferrous, non-ferrous, and precious metals such as steel, copper, aluminum, brass, zinc and alloys thereof, as well as pipes, rods, sheets, utensils, and related products. Trading, importing, exporting, and dealing in goods - including metals, metal scrap, metal-related products, agri-commodities, on both wholesale and retail basis in India and abroad. Construction, development, and infrastructure projects - including roads, warehouses, cold storages, solar panels, water tanks, sewage works, public utilities, and other infrastructure facilities of public or private nature.
31GF Score
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