SKM Egg Products Export (India) (BOM:532143) Beneish M-Score: -1.10 (As of Aug. 11, 2026)

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BOM:532143 SKM Egg Products Export (India) Ltd BOM:532143
73 GF Score
Price ₹251.05
GF Value ₹185.51
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is SKM Egg Products Export (India) Beneish M-Score?

SKM Egg Products Export (India) BOM:532143 +7.31% 73 Beneish M-Score is -1.10 as of Aug. 11, 2026. GuruFocus rates BOM:532143 with a GF Score™ of 73/100 and a GF Value™ of ₹185.51 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,854 Consumer Packaged Goods companies, SKM Egg Products Export (India) ranks worse than 90.67% 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.

Warning Sign:

Beneish M-Score -1.1 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for SKM Egg Products Export (India)'s Beneish M-Score or its related term are showing as below:

BOM:532143' s Beneish M-Score Range Over the Past 10 Years
Min: -3.07   Med: -2.4   Max: -1.1
Current: -1.1

During the past 13 years, the highest Beneish M-Score of SKM Egg Products Export (India) was -1.10. The lowest was -3.07. And the median was -2.40.


SKM Egg Products Export (India) Beneish M-Score Historical Data

* Premium members only.

The historical data trend for SKM Egg Products Export (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.

SKM Egg Products Export (India) Beneish M-Score Chart

SKM Egg Products Export (India) Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.04 -1.70 -2.72 -2.47 -1.10

SKM Egg Products Export (India) Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -1.10 0.00

BOM:532143 vs KHC, GIS: Beneish M-Score Comparison

For the Packaged Foods subindustry, SKM Egg Products Export (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.


SKM Egg Products Export (India) Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, SKM Egg Products Export (India)'s Beneish M-Score distribution charts can be found below:

* The bar in red indicates where SKM Egg Products Export (India)'s Beneish M-Score falls into.


BOM:532143
73GF Score
SKM Egg Products Export (India) Ltd BOM:532143
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SKM Egg Products Export (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 SKM Egg Products Export (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 * 1.3888+0.528 * 0.8359+0.404 * 1.0545+0.892 * 1.5427+0.115 * 0.8755
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.085842-0.327 * 0.8739
=-1.10

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was ₹615 Mil.
Revenue was ₹7,680 Mil.
Gross Profit was ₹2,700 Mil.
Total Current Assets was ₹4,047 Mil.
Total Assets was ₹5,953 Mil.
Property, Plant and Equipment(Net PPE) was ₹1,844 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹156 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹1,416 Mil.
Long-Term Debt & Capital Lease Obligation was ₹496 Mil.
Net Income was ₹1,038 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹527 Mil.
Total Receivables was ₹287 Mil.
Revenue was ₹4,978 Mil.
Gross Profit was ₹1,463 Mil.
Total Current Assets was ₹3,004 Mil.
Total Assets was ₹4,936 Mil.
Property, Plant and Equipment(Net PPE) was ₹1,884 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹138 Mil.
Selling, General, & Admin. Expense(SGA) was ₹170 Mil.
Total Current Liabilities was ₹1,197 Mil.
Long-Term Debt & Capital Lease Obligation was ₹618 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)
=(615 / 7680) / (287.043 / 4978.3)
=0.080078 / 0.057659
=1.3888

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)
=(1462.9 / 4978.3) / (2699.8 / 7680)
=0.293855 / 0.351536
=0.8359

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 - (4046.6 + 1844.1) / 5952.8) / (1 - (3003.703 + 1883.51) / 4936.045)
=0.010432 / 0.009893
=1.0545

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
=7680 / 4978.3
=1.5427

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))
=(137.7 / (137.7 + 1883.51)) / (155.6 / (155.6 + 1844.1))
=0.068128 / 0.077812
=0.8755

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 / 7680) / (170.058 / 4978.3)
=0 / 0.03416
=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)
=((496.4 + 1416.4) / 5952.8) / ((617.561 + 1197.436) / 4936.045)
=0.321328 / 0.367703
=0.8739

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
=(1037.5 - 0 - 526.5) / 5952.8
=0.085842

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.

SKM Egg Products Export (India) has a M-score of -1.10 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 -1.10 mean?
SKM Egg Products Export (India) (BOM:532143) has a Beneish M-Score of -1.10 as of Aug. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on SKM Egg Products Export (India) and its competitors. According to the industry distribution chart, SKM Egg Products Export (India) ranks #1681 out of 1854 companies in the Consumer Packaged Goods industry, placing it in the top 90.7%.
Is SKM Egg Products Export (India)'s Beneish M-Score too high?
SKM Egg Products Export (India)'s current Beneish M-Score is -1.10. Based on the distribution chart, SKM Egg Products Export (India) ranks #1681 out of 1854 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, SKM Egg Products Export (India) has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SKM Egg Products Export (India)'s Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, SKM Egg Products Export (India) ranks #1681 out of 1854 companies for Beneish M-Score. This places SKM Egg Products Export (India) 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 SKM Egg Products Export (India) and its competitors. SKM Egg Products Export (India)'s current Beneish M-Score is -1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SKM Egg Products Export (India) stock overvalued right now?
Based on GuruFocus' analysis, SKM Egg Products Export (India) (BOM:532143) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹185.51, compared to a current price of ₹251.05 — trading 35.3% above its estimated fair value. The current Beneish M-Score is -1.10. SKM Egg Products Export (India)'s overall GF Score™ is 73/100 with 2 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 SKM Egg Products Export (India) (BOM:532143), the current Beneish M-Score is -1.10 as of Aug. 11, 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 SKM Egg Products Export (India) (BOM:532143) Overvalued in 2026?

Based on GuruFocus' analysis, SKM Egg Products Export (India) stock appears to be overvalued. The current stock price of ₹251.05 is trading 35.3% above its estimated GF Value™ of ₹185.51. GuruFocus considers SKM Egg Products Export (India) to be Significantly Overvalued.

Key valuation signals for BOM:532143:

  • Beneish M-Score: -1.10
  • GF Value™: ₹185.51 vs. price of ₹251.05 (35.3% above fair value)
  • GF Score™: 73/100 with 2 warning signs

No single metric tells the full story. See the BOM:532143 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SKM Egg Products Export (India) Business Description

Other Exchanges SKMEGGPROD:India
Address 133, 133/1, Gandhiji Road, Erode, TN, IND, 638001
SKM Egg Products Export (India) Ltd is engaged in the production and sale of eggs and manufacture and sale of Egg Products. The company offer products such as Egg powder, Bakery mix, and Liquid egg. Its Egg powder product is used in bakery, pasta, noodles, meat, fish products, and mayonnaise. The Bakery mix products are used in cheesecake, biscuits, cakes, sponge cake, and swiss rolls. The Liquid eggs product provides egg albumen liquid, egg yolk liquid and whole egg liquid which are used in the preparation of noodles, fine food, ice cream, cosmetics, and confectionary items. It has five geographic segments: India, Japan, Russia, Europe and Rest of the world.
73GF Score

Get the complete analysis for BOM:532143

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

₹251.05
Price
₹185.51
GF Value