Mohite IndustriesBOM:532140 -6.95%61 Beneish M-Score is -5.22 as of Jun. 30, 2026. GuruFocus rates BOM:532140 with a GF Score™ of 61/100 and a GF Value™ of ₹5.14 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,001 Manufacturing - Apparel & Accessories companies, Mohite Industries ranks better than 98.7% 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.
Good Sign:
Beneish M-Score -5.22 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Mohite Industries's Beneish M-Score or its related term are showing as below:
BOM:532140'
s Beneish M-Score Range Over the Past 10 Years
Min: -7.18 Med: -2.68 Max: -1.55
Current: -5.22
During the past 13 years, the highest Beneish M-Score of Mohite Industries was -1.55. The lowest was -7.18. And the median was -2.68.
Mohite Industries Beneish M-Score Related Terms
Mohite Industries Beneish M-Score Historical Data
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The historical data trend for Mohite Industries'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, Mohite Industries'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.
Mohite Industries Beneish M-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Mohite Industries's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Mohite Industries'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 Mohite Industries 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 * 0.8416
+
0.528 * 0.675
+
0.404 * -4.328
+
0.892 * 0.9195
+
0.115 * 1.0724
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0
+
4.679 * -0.084462
-
0.327 * 0.9409
=
-5.22
* 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))
=
(67.08 / (67.08 + 1041.616))
/
(60.126 / (60.126 + 1005.56))
=
0.060504
/
0.05642
=
1.0724
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
=
(36.222 - 0
-
249.775)
/
2528.396
=
-0.084462
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.
Mohite Industries has a M-score of -5.22 suggests that the company is unlikely to be a manipulator.
Mohite Industries (BOM:532140) has a Beneish M-Score of -5.22 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Mohite Industries and its competitors. According to the industry distribution chart, Mohite Industries ranks #13 out of 1001 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 1.3%.
Is Mohite Industries' Beneish M-Score too high?
Mohite Industries' current Beneish M-Score is -5.22. Based on the distribution chart, Mohite Industries ranks #13 out of 1001 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Mohite Industries has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mohite Industries' Beneish M-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Mohite Industries ranks #13 out of 1001 companies for Beneish M-Score. This places Mohite Industries in the top 1% of its industry — outperforming the majority of peers. 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 Mohite Industries and its competitors. Mohite Industries's current Beneish M-Score is -5.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mohite Industries stock overvalued right now?
Based on GuruFocus' analysis, Mohite Industries (BOM:532140) is currently considered Possible Value Trap. The stock's GF Value™ is ₹5.14, compared to a current price of ₹3.08 — trading 40.1% below its estimated fair value. The current Beneish M-Score is -5.22. Mohite Industries' overall GF Score™ is 61/100 with 5 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 Mohite Industries (BOM:532140), the current Beneish M-Score is -5.22 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 Mohite Industries (BOM:532140) Overvalued in 2026?
Based on GuruFocus' analysis, Mohite Industries stock appears to be undervalued.
The current stock price of ₹3.08 is trading 40.1% below its estimated GF Value™ of ₹5.14.
GuruFocus considers Mohite Industries to be Possible Value Trap.
Key valuation signals for BOM:532140:
Beneish M-Score: -5.22
GF Value™: ₹5.14 vs. price of ₹3.08 (40.1% below fair value)
No single metric tells the full story. See the BOM:532140 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mohite Industries Ltd is engaged in manufacturing cotton yarn. It operates in two segments, namely textile manufacturing and hydroelectric power generation. In textiles, the company produces and exports cotton yarns, including slub and compact cotton yarns, with a range of counts catering to various markets. It also manufactures gray knitted fabrics. In the hydroelectric segment, the company runs power projects that generates electricity. Mohite Industries generates revenue from the sale of its cotton yarns and knitted fabrics domestically and internationally, alongside income from hydroelectric power production. Its geographical focus is mainly in India, with export markets contributing to sales.
61GF Score
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