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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 -2.75 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Repro India's Beneish M-Score or its related term are showing as below:
BOM:532687'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.21 Med: -2.63 Max: -2.02
Current: -2.75
During the past 13 years, the highest Beneish M-Score of Repro India was -2.02. The lowest was -3.21. And the median was -2.63.
Repro India Beneish M-Score Related Terms
Repro India Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Repro 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.
BOM:532687 vs CTAS, CPRT, GPN: Beneish M-Score Comparison
For the Specialty Business Services subindustry, Repro 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.
Repro India Beneish M-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Repro India's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Repro India'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 Repro 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 * 1.1501
+
0.528 * 1.0278
+
0.404 * 1.0726
+
0.892 * 1.0582
+
0.115 * 0.75
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.2682
+
4.679 * -0.058435
-
0.327 * 1.4834
=
-2.75
* 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))
=
(313.3 / (313.3 + 2479.4))
/
(335.3 / (335.3 + 1906.4))
=
0.112185
/
0.149574
=
0.75
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
=
(-333 - 0
-
32.6)
/
6256.5
=
-0.058435
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.
Repro India has a M-score of -2.75 suggests that the company is unlikely to be a manipulator.
Repro India (BOM:532687) has a Beneish M-Score of -2.75 as of Jul. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Repro India and its competitors. According to the industry distribution chart, Repro India ranks #353 out of 1018 companies in the Business Services industry, placing it in the top 34.7%.
Is Repro India's Beneish M-Score too high?
Repro India's current Beneish M-Score is -2.75. Based on the distribution chart, Repro India ranks #353 out of 1018 companies in the Business Services industry, which is above the industry midpoint. Overall, Repro India has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Repro India's Beneish M-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Repro India ranks #353 out of 1018 companies for Beneish M-Score. This puts Repro India in the upper 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 Business Services company?
A good Beneish M-Score depends on the Business Services 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 Repro India and its competitors. Repro India's current Beneish M-Score is -2.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Repro India stock overvalued right now?
Based on GuruFocus' analysis, Repro India (BOM:532687) is currently considered Possible Value Trap. The stock's GF Value™ is ₹609.61, compared to a current price of ₹369.60 — trading 39.4% below its estimated fair value. The current Beneish M-Score is -2.75. Repro India's overall GF Score™ is 64/100 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 Repro India (BOM:532687), the current Beneish M-Score is -2.75 as of Jul. 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 Repro India (BOM:532687) Overvalued in 2026?
Based on GuruFocus' analysis, Repro India stock appears to be undervalued.
The current stock price of ₹369.60 is trading 39.4% below its estimated GF Value™ of ₹609.61.
GuruFocus considers Repro India to be Possible Value Trap.
Key valuation signals for BOM:532687:
Beneish M-Score: -2.75
GF Value™: ₹609.61 vs. price of ₹369.60 (39.4% below fair value)
No single metric tells the full story. See the BOM:532687 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Repro India Ltd is a provider of content, print, and fulfillment solutions, which mainly include value engineering, creative designing, pre-press, printing, post-press, knitting and assembly, warehousing, dispatch, database management, sourcing and procurement, localization, and web-based services. The company caters to its customers through the Publisher segment which focuses on providing bulk printing services and other associated services to the publishers; and the Retail segment which serves retail customers through various channel partners. It has only one business segment namely Value Added Print Solutions. Geographically, the company derives the majority of its revenue from India.
64GF Score
Get the complete analysis for BOM:532687
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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