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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 -2.65 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Quick Heal Technologies's Beneish M-Score or its related term are showing as below:
BOM:539678'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.83 Med: -2.35 Max: -1.81
Current: -2.65
During the past 12 years, the highest Beneish M-Score of Quick Heal Technologies was -1.81. The lowest was -2.83. And the median was -2.35.
Quick Heal Technologies Beneish M-Score Related Terms
Quick Heal Technologies 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.
BOM:539678 vs UBER, SHOP, CRM: Beneish M-Score Comparison
For the Software - Application subindustry, Quick Heal Technologies'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.
Quick Heal Technologies Beneish M-Score vs Software Industry
For the Software industry and Technology sector, Quick Heal Technologies's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Quick Heal Technologies'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 Quick Heal Technologies 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 * 0.9011
+
0.528 * 1.0983
+
0.404 * 1.2241
+
0.892 * 0.9338
+
0.115 * 0.9903
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0
+
4.679 * -0.048118
-
0.327 * 1.3191
=
-2.65
* 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.
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))
=
(129.6 / (129.6 + 836))
/
(139 / (139 + 886.6))
=
0.134217
/
0.13553
=
0.9903
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
=
(-109.3 - 0
-
153.9)
/
5469.9
=
-0.048118
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.
Quick Heal Technologies has a M-score of -2.65 suggests that the company is unlikely to be a manipulator.
Quick Heal Technologies (BOM:539678) has a Beneish M-Score of -2.65 as of Jul. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Quick Heal Technologies and its competitors. According to the industry distribution chart, Quick Heal Technologies ranks #1105 out of 2631 companies in the Software industry, placing it in the top 42%.
Is Quick Heal Technologies' Beneish M-Score too high?
Quick Heal Technologies' current Beneish M-Score is -2.65. Based on the distribution chart, Quick Heal Technologies ranks #1105 out of 2631 companies in the Software industry, which is above the industry midpoint. Overall, Quick Heal Technologies has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Quick Heal Technologies' Beneish M-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Quick Heal Technologies ranks #1105 out of 2631 companies for Beneish M-Score. This puts Quick Heal Technologies 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 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 Quick Heal Technologies and its competitors. Quick Heal Technologies's current Beneish M-Score is -2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quick Heal Technologies stock overvalued right now?
Based on GuruFocus' analysis, Quick Heal Technologies (BOM:539678) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹314.69, compared to a current price of ₹153.65 — trading 51.2% below its estimated fair value. The current Beneish M-Score is -2.65. Quick Heal Technologies' overall GF Score™ is 65/100 with 2 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 Quick Heal Technologies (BOM:539678), the current Beneish M-Score is -2.65 as of Jul. 26, 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 Quick Heal Technologies (BOM:539678) Overvalued in 2026?
Based on GuruFocus' analysis, Quick Heal Technologies stock appears to be undervalued.
The current stock price of ₹153.65 is trading 51.2% below its estimated GF Value™ of ₹314.69.
GuruFocus considers Quick Heal Technologies to be Significantly Undervalued.
Key valuation signals for BOM:539678:
Beneish M-Score: -2.65
GF Value™: ₹314.69 vs. price of ₹153.65 (51.2% below fair value)
No single metric tells the full story. See the BOM:539678 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quick Heal Technologies Ltd is an India-based IT security solutions company. It is engaged in offering software security products and solutions. The company serves clients in various industries including manufacturing, BFSI, healthcare, hospitality, educational institutions, government organizations, emerging e-commerce, and the service sector. The group reports the operating segments based on the target customer groups are; Consumer, and Enterprise and Government. It has a business presence in India and foreign countries, of which maximum revenue is derived within India. Its product range consists of Quick Heal Total Security, Quick Heal Internet Security, Quick Heal AntiVirus Pro, Quick Heal Total Security for Mac, Quick Heal PCTuner 3.0, and Guardian NetSecure.
65GF Score
Get the complete analysis for BOM:539678
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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