Inspirisys Solution (BOM:532774) Beneish M-Score: -1.65 (As of Jun. 30, 2026)


BOM:532774 Inspirisys Solution Ltd BOM:532774
71 GF Score
Price ₹104.85
GF Value ₹111.59
Valuation Fairly Valued
! 3 Warning Signs
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What is Inspirisys Solution Beneish M-Score?

Inspirisys Solution BOM:532774 -4.12% 71 Beneish M-Score is -1.65 as of Jun. 30, 2026. GuruFocus rates BOM:532774 with a GF Score™ of 71/100 and a GF Value™ of ₹111.59 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,631 Software companies, Inspirisys Solution ranks worse than 83.12% 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 -1.65 higher than -1.78, which implies that the company might have manipulated its financial results.

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

BOM:532774' s Beneish M-Score Range Over the Past 10 Years
Min: -4.16   Med: -2.81   Max: -1.65
Current: -1.65

During the past 13 years, the highest Beneish M-Score of Inspirisys Solution was -1.65. The lowest was -4.16. And the median was -2.81.


Inspirisys Solution Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Inspirisys Solution'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.

Inspirisys Solution Beneish M-Score Chart

Inspirisys Solution 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 -2.80 -2.82 -2.70 -2.83 -1.65

Inspirisys Solution 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 -2.83 0.00 0.00 0.00 -1.65

BOM:532774 vs IBM, ACN, FISV: Beneish M-Score Comparison

For the Information Technology Services subindustry, Inspirisys Solution'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.


Inspirisys Solution Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Inspirisys Solution's Beneish M-Score distribution charts can be found below:

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


BOM:532774
71GF Score
Inspirisys Solution Ltd BOM:532774
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Inspirisys Solution 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 Inspirisys Solution 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 * 1.2561+0.528 * 1.1476+0.404 * 1.0674+0.892 * 1.2265+0.115 * 0.8355
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7729+4.679 * 0.050198-0.327 * 0.9104
=-1.65

* 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 ₹1,583 Mil.
Revenue was ₹4,757 Mil.
Gross Profit was ₹2,033 Mil.
Total Current Assets was ₹2,921 Mil.
Total Assets was ₹3,592 Mil.
Property, Plant and Equipment(Net PPE) was ₹63 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹54 Mil.
Selling, General, & Admin. Expense(SGA) was ₹142 Mil.
Total Current Liabilities was ₹1,749 Mil.
Long-Term Debt & Capital Lease Obligation was ₹797 Mil.
Net Income was ₹410 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹230 Mil.
Total Receivables was ₹1,028 Mil.
Revenue was ₹3,879 Mil.
Gross Profit was ₹1,902 Mil.
Total Current Assets was ₹2,162 Mil.
Total Assets was ₹2,671 Mil.
Property, Plant and Equipment(Net PPE) was ₹86 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹54 Mil.
Selling, General, & Admin. Expense(SGA) was ₹150 Mil.
Total Current Liabilities was ₹1,257 Mil.
Long-Term Debt & Capital Lease Obligation was ₹823 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)
=(1583.3 / 4757.1) / (1027.7 / 3878.5)
=0.332829 / 0.264974
=1.2561

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)
=(1902.1 / 3878.5) / (2033 / 4757.1)
=0.490422 / 0.427361
=1.1476

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 - (2920.7 + 62.8) / 3591.8) / (1 - (2161.7 + 85.5) / 2671)
=0.169358 / 0.158667
=1.0674

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
=4757.1 / 3878.5
=1.2265

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))
=(53.9 / (53.9 + 85.5)) / (54.1 / (54.1 + 62.8))
=0.386657 / 0.462789
=0.8355

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)
=(142 / 4757.1) / (149.8 / 3878.5)
=0.02985 / 0.038623
=0.7729

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)
=((796.9 + 1748.6) / 3591.8) / ((822.7 + 1256.6) / 2671)
=0.708698 / 0.778472
=0.9104

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
=(409.8 - 0 - 229.5) / 3591.8
=0.050198

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.

Inspirisys Solution has a M-score of -1.65 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 -1.65 mean?
Inspirisys Solution (BOM:532774) has a Beneish M-Score of -1.65 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Inspirisys Solution and its competitors. According to the industry distribution chart, Inspirisys Solution ranks #2187 out of 2631 companies in the Software industry, placing it in the top 83.1%.
Is Inspirisys Solution's Beneish M-Score too high?
Inspirisys Solution's current Beneish M-Score is -1.65. Based on the distribution chart, Inspirisys Solution ranks #2187 out of 2631 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Inspirisys Solution has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Inspirisys Solution's Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, Inspirisys Solution ranks #2187 out of 2631 companies for Beneish M-Score. This places Inspirisys Solution 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 Software company?
A good Beneish M-Score depends on the Software 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 Inspirisys Solution and its competitors. Inspirisys Solution's current Beneish M-Score is -1.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inspirisys Solution stock overvalued right now?
Based on GuruFocus' analysis, Inspirisys Solution (BOM:532774) is currently considered Fairly Valued. The stock's GF Value™ is ₹111.59, compared to a current price of ₹104.85 — trading 6% below its estimated fair value. The current Beneish M-Score is -1.65. Inspirisys Solution's overall GF Score™ is 71/100 with 3 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 Inspirisys Solution (BOM:532774), the current Beneish M-Score is -1.65 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 Inspirisys Solution (BOM:532774) Overvalued in 2026?

Based on GuruFocus' analysis, Inspirisys Solution stock appears to be undervalued. The current stock price of ₹104.85 is trading 6% below its estimated GF Value™ of ₹111.59. GuruFocus considers Inspirisys Solution to be Fairly Valued.

Key valuation signals for BOM:532774:

  • Beneish M-Score: -1.65
  • GF Value™: ₹111.59 vs. price of ₹104.85 (6% below fair value)
  • GF Score™: 71/100 with 3 warning signs

No single metric tells the full story. See the BOM:532774 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Inspirisys Solution Business Description

Other Exchanges INSPIRISYS:India
Address Taylors Road, New Door Nos. 57, 59, 61 & 63, First Floor, Dowlath Towers, Kilpauk, Chennai, TN, IND, 600010
Inspirisys Solution Ltd operates as an information technology services and consulting company. Its principal lines of business are IT services, which include providing system integration (SI) solutions comprising network design, hardware, and software. Services that comprise IT Infrastructure management solutions, software development, support, and warranty management solutions (WMS) for imported and indigenous equipment, development, implementation, and maintenance of software applications. Its segments are namely Service, Systems Integrations, and Warranty Management Services. The company generates the majority of its revenue from the Services segment. which includes Infra, Security, Cloud, and Software. Geographically, the company generates the majority of its revenue from India.
71GF Score

Get the complete analysis for BOM:532774

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

₹104.85
Price
₹111.59
GF Value