Landmarc Leisure (BOM:532275) Beneish M-Score: 4.25 (As of Jul. 28, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:532275 Landmarc Leisure Corp Ltd BOM:532275
24 GF Score
Price ₹1.89
GF Value ₹0.16
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Landmarc Leisure Beneish M-Score?

Landmarc Leisure BOM:532275 -2.07% 24 Beneish M-Score is 4.25 as of Jul. 28, 2026. GuruFocus rates BOM:532275 with a GF Score™ of 24/100 and a GF Value™ of ₹0.16 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 974 Media - Diversified companies, Landmarc Leisure ranks worse than 97.02% 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 4.25 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Landmarc Leisure's Beneish M-Score or its related term are showing as below:

BOM:532275' s Beneish M-Score Range Over the Past 10 Years
Min: -23.11   Med: -2.41   Max: 113.55
Current: 4.25

During the past 13 years, the highest Beneish M-Score of Landmarc Leisure was 113.55. The lowest was -23.11. And the median was -2.41.


Landmarc Leisure Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Landmarc Leisure'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.

Landmarc Leisure Beneish M-Score Chart

Landmarc Leisure 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 -2.33 80.35 -23.11 -2.12 4.25

Landmarc Leisure Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -2.12 0.00 0.00 0.00 4.25

BOM:532275 vs NFLX, DIS, WBD: Beneish M-Score Comparison

For the Entertainment subindustry, Landmarc Leisure'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.


Landmarc Leisure Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Landmarc Leisure's Beneish M-Score distribution charts can be found below:

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


BOM:532275
24GF Score
Landmarc Leisure Corp Ltd BOM:532275
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Landmarc Leisure 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 Landmarc Leisure 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 * 8.5576+0.528 * 0.9776+0.404 * 0.8778+0.892 * 0.0603+0.115 * 1.4025
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.050127-0.327 * 0.3041
=4.25

* 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 ₹57.52 Mil.
Revenue was ₹0.69 Mil.
Gross Profit was ₹0.64 Mil.
Total Current Assets was ₹173.95 Mil.
Total Assets was ₹490.85 Mil.
Property, Plant and Equipment(Net PPE) was ₹15.07 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.07 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.00 Mil.
Total Current Liabilities was ₹51.82 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Net Income was ₹-6.54 Mil.
Gross Profit was ₹0.00 Mil.
Cash Flow from Operations was ₹-31.15 Mil.
Total Receivables was ₹111.39 Mil.
Revenue was ₹11.49 Mil.
Gross Profit was ₹10.42 Mil.
Total Current Assets was ₹116.76 Mil.
Total Assets was ₹430.66 Mil.
Property, Plant and Equipment(Net PPE) was ₹12.21 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.07 Mil.
Selling, General, & Admin. Expense(SGA) was ₹2.69 Mil.
Total Current Liabilities was ₹58.19 Mil.
Long-Term Debt & Capital Lease Obligation was ₹91.31 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)
=(57.516 / 0.693) / (111.387 / 11.485)
=82.995671 / 9.698476
=8.5576

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)
=(10.418 / 11.485) / (0.643 / 0.693)
=0.907096 / 0.92785
=0.9776

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 - (173.949 + 15.065) / 490.85) / (1 - (116.758 + 12.208) / 430.658)
=0.614925 / 0.700537
=0.8778

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
=0.693 / 11.485
=0.0603

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))
=(0.074 / (0.074 + 12.208)) / (0.065 / (0.065 + 15.065))
=0.006025 / 0.004296
=1.4025

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 / 0.693) / (2.693 / 11.485)
=0 / 0.23448
=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)
=((0 + 51.815) / 490.85) / ((91.309 + 58.185) / 430.658)
=0.105562 / 0.347129
=0.3041

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
=(-6.541 - 0 - -31.146) / 490.85
=0.050127

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.

Landmarc Leisure has a M-score of 4.25 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 4.25 mean?
Landmarc Leisure (BOM:532275) has a Beneish M-Score of 4.25 as of Jul. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Landmarc Leisure and its competitors. According to the industry distribution chart, Landmarc Leisure ranks #945 out of 974 companies in the Media - Diversified industry, placing it in the top 97%.
Is Landmarc Leisure's Beneish M-Score too high?
Landmarc Leisure's current Beneish M-Score is 4.25. Based on the distribution chart, Landmarc Leisure ranks #945 out of 974 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Landmarc Leisure has a GF Score™ of 24/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Landmarc Leisure's Beneish M-Score compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Landmarc Leisure ranks #945 out of 974 companies for Beneish M-Score. This places Landmarc Leisure 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Landmarc Leisure and its competitors. Landmarc Leisure's current Beneish M-Score is 4.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Landmarc Leisure stock overvalued right now?
Based on GuruFocus' analysis, Landmarc Leisure (BOM:532275) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.16, compared to a current price of ₹1.89 — trading 1081.3% above its estimated fair value. The current Beneish M-Score is 4.25. Landmarc Leisure's overall GF Score™ is 24/100 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 Landmarc Leisure (BOM:532275), the current Beneish M-Score is 4.25 as of Jul. 28, 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 Landmarc Leisure (BOM:532275) Overvalued in 2026?

Based on GuruFocus' analysis, Landmarc Leisure stock appears to be overvalued. The current stock price of ₹1.89 is trading 1081.3% above its estimated GF Value™ of ₹0.16. GuruFocus considers Landmarc Leisure to be Significantly Overvalued.

Key valuation signals for BOM:532275:

  • Beneish M-Score: 4.25
  • GF Value™: ₹0.16 vs. price of ₹1.89 (1081.3% above fair value)
  • GF Score™: 24/100 with 5 warning signs

No single metric tells the full story. See the BOM:532275 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Landmarc Leisure Business Description

Address 115 R.K. Paramhans Marg, Old Nagardas Road, 303, Raaj Chamber, Near Andheri Station Subway, Andheri East, Mumbai, MH, IND, 400069
Landmarc Leisure Corp Ltd is engaged in broadcasting and showing original films, sound, recording, radio, and television programs. It is also engaged in the development, production, marketing, and distribution of feature films, documentaries, and short films, and promotes all kinds of cinema, filmmaking, and creativity. The company is also interested in the wellness, education, and entertainment sectors. The company has forayed into the wellness industry with the launch of Svastii Spa & Salon, a new-age Unisex Wellness destination, and with the Svastii Wellness Academy, LLCL has taken the first steps into the education sector.
24GF Score

Get the complete analysis for BOM:532275

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

₹1.89
Price
₹0.16
GF Value