Future ConsumerBOM:533400 13 Beneish M-Score is 24.95 as of Jun. 30, 2026. GuruFocus rates BOM:533400 with a GF Score™ of 13/100 and a GF Value™ of ₹0.67 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,848 Consumer Packaged Goods companies, Future Consumer ranks worse than 99.13% 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 24.95 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Future Consumer's Beneish M-Score or its related term are showing as below:
BOM:533400'
s Beneish M-Score Range Over the Past 10 Years
Min: -6.8 Med: -2.9 Max: 24.95
Current: 24.95
During the past 13 years, the highest Beneish M-Score of Future Consumer was 24.95. The lowest was -6.80. And the median was -2.90.
Future Consumer Beneish M-Score Related Terms
Future Consumer Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Future Consumer'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:533400 vs KHC, GIS: Beneish M-Score Comparison
For the Packaged Foods subindustry, Future Consumer'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.
Future Consumer Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Future Consumer's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Future Consumer'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 Future Consumer 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 * 28.8855
+
0.528 * 1.0631
+
0.404 * 1.905
+
0.892 * 1.1919
+
0.115 * 13.3626
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0
+
4.679 * -0.090552
-
0.327 * 0.8898
=
24.95
* 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))
=
(178.517 / (178.517 + 58.004))
/
(158.468 / (158.468 + 2647.099))
=
0.754762
/
0.056483
=
13.3626
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
=
(-454.782 - 0
-
61.48)
/
5701.249
=
-0.090552
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.
Future Consumer has a M-score of 24.95 signals that the company is likely to be a manipulator.
Future Consumer (BOM:533400) has a Beneish M-Score of 24.95 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Future Consumer and its competitors. According to the industry distribution chart, Future Consumer ranks #1832 out of 1848 companies in the Consumer Packaged Goods industry, placing it in the top 99.1%.
Is Future Consumer's Beneish M-Score too high?
Future Consumer's current Beneish M-Score is 24.95. Based on the distribution chart, Future Consumer ranks #1832 out of 1848 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Future Consumer has a GF Score™ of 13/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Future Consumer's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Future Consumer ranks #1832 out of 1848 companies for Beneish M-Score. This places Future Consumer 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 Future Consumer and its competitors. Future Consumer's current Beneish M-Score is 24.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Future Consumer stock overvalued right now?
Based on GuruFocus' analysis, Future Consumer (BOM:533400) is currently considered Possible Value Trap. The stock's GF Value™ is ₹0.67, compared to a current price of ₹0.32 — trading 52.2% below its estimated fair value. The current Beneish M-Score is 24.95. Future Consumer's overall GF Score™ is 13/100 with 6 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 Future Consumer (BOM:533400), the current Beneish M-Score is 24.95 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 Future Consumer (BOM:533400) Overvalued in 2026?
Based on GuruFocus' analysis, Future Consumer stock appears to be undervalued.
The current stock price of ₹0.32 is trading 52.2% below its estimated GF Value™ of ₹0.67.
GuruFocus considers Future Consumer to be Possible Value Trap.
Key valuation signals for BOM:533400:
Beneish M-Score: 24.95
GF Value™: ₹0.67 vs. price of ₹0.32 (52.2% below fair value)
No single metric tells the full story. See the BOM:533400 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Future Consumer Ltd is a sourcing-to-supermarket food company that caters to the fast-moving consumer who shops at modern retail chains. The company is engaged in sourcing, manufacturing, branding, marketing and distribution of fast-moving consumer goods (FMCG), Food and Processed Food Products. The company's brands include Golden Harvest, Tasty Treat, Karmiq,Nilgiris, and Kara, Desi Atta Company, Mother Earth, Voom, Cleanmate, Caremate, and others. The company's operating segment is Branding, Manufacturing, Processing, Selling and Distribution of Consumer Products. The company derives all of its revenue from India itself.
13GF Score
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