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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 -2.46 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for A I Champdany Industries's Beneish M-Score or its related term are showing as below:
BOM:532806'
s Beneish M-Score Range Over the Past 10 Years
Min: -5.75 Med: -2.76 Max: -0.34
Current: -2.46
During the past 13 years, the highest Beneish M-Score of A I Champdany Industries was -0.34. The lowest was -5.75. And the median was -2.76.
A I Champdany Industries Beneish M-Score Related Terms
A I Champdany Industries Beneish M-Score Historical Data
* 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.
A I Champdany Industries Beneish M-Score Competitor Comparison
For the Textile Manufacturing subindustry, A I Champdany 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.
A I Champdany Industries Beneish M-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, A I Champdany Industries's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where A I Champdany Industries's Beneish M-Score falls into.
A I Champdany Industries 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 A I Champdany 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 * 0.0278
+
0.528 * 0.3195
+
0.404 * 0.9133
+
0.892 * 2.3322
+
0.115 * 1.0751
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0
+
4.679 * 0.012673
-
0.327 * 1.3614
=
-2.46
* 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))
=
(28.982 / (28.982 + 583.539))
/
(28.649 / (28.649 + 622.286))
=
0.047316
/
0.044012
=
1.0751
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
=
(17.844 - 0
-
-5.944)
/
1877.016
=
0.012673
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.
A I Champdany Industries has a M-score of -2.46 suggests that the company is unlikely to be a manipulator.
A I Champdany Industries (BOM:532806) has a Beneish M-Score of -2.46 as of Jul. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on A I Champdany Industries and its competitors. According to the industry distribution chart, A I Champdany Industries ranks #550 out of 999 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 55.1%.
Is A I Champdany Industries' Beneish M-Score too high?
A I Champdany Industries' current Beneish M-Score is -2.46. Based on the distribution chart, A I Champdany Industries ranks #550 out of 999 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, A I Champdany Industries has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does A I Champdany Industries' Beneish M-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, A I Champdany Industries ranks #550 out of 999 companies for Beneish M-Score. This places A I Champdany Industries 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 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 A I Champdany Industries and its competitors. A I Champdany Industries's current Beneish M-Score is -2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is A I Champdany Industries stock overvalued right now?
Based on GuruFocus' analysis, A I Champdany Industries (BOM:532806) is currently considered Possible Value Trap. The stock's GF Value™ is ₹155.41, compared to a current price of ₹37.80 — trading 75.7% below its estimated fair value. The current Beneish M-Score is -2.46. A I Champdany Industries' overall GF Score™ is 62/100 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 A I Champdany Industries (BOM:532806), the current Beneish M-Score is -2.46 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 A I Champdany Industries (BOM:532806) Overvalued in 2026?
Based on GuruFocus' analysis, A I Champdany Industries stock appears to be undervalued.
The current stock price of ₹37.80 is trading 75.7% below its estimated GF Value™ of ₹155.41.
GuruFocus considers A I Champdany Industries to be Possible Value Trap.
Key valuation signals for BOM:532806:
Beneish M-Score: -2.46
GF Value™: ₹155.41 vs. price of ₹37.80 (75.7% below fair value)
No single metric tells the full story. See the BOM:532806 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
A I Champdany Industries Ltd is an Indian Jute manufacturing company. The firm manufactures jute products, such as jute yarn, blended yarn made of jute blended with other fibers, such as cotton, ramie, viscose, poly propylene, flax and wool among others. It also manufactures special food-grade jute bags, jute blended carpets and fabrics for soft luggage/shoe uppers/wearing apparel for export markets. It operates in two business segments, which includes Jute/Jute diversified Products and Services and Flax Products. Substantial revenue accrues from the Jute and Jute diversified product sales. It exports products overseas and generates maximum revenue from domestic sales.
62GF Score
Get the complete analysis for BOM:532806
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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