Umiya Tubes (BOM:539798) Beneish M-Score: 0.00 (As of Jul. 05, 2026)

What is Umiya Tubes Beneish M-Score?

Umiya Tubes BOM:539798 -0.49% 53 Beneish M-Score is 0.00 as of Jul. 05, 2026. GuruFocus rates BOM:539798 with a GF Score™ of 53/100 and a GF Value™ of ₹138.57 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 588 Steel companies, Umiya Tubes ranks worse than 170067.86% 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.

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

During the past 13 years, the highest Beneish M-Score of Umiya Tubes was 3.83. The lowest was -974.76. And the median was -2.14.

Umiya Tubes Beneish M-Score Related Terms

Umiya Tubes Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Umiya Tubes'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.

Umiya Tubes Beneish M-Score Chart

Umiya Tubes Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Beneish M-Score

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0.00

-2.32

3.83

-5.35

0.00

Umiya Tubes 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															-5.35	0.00	0.00	0.00	0.00

BOM:539798 vs NUE, STLD, RS: Beneish M-Score Comparison

For the Steel subindustry, Umiya Tubes'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.

Umiya Tubes Beneish M-Score vs Steel Industry

For the Steel industry and Basic Materials sector, Umiya Tubes's Beneish M-Score distribution charts can be found below:

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

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53GF Score

Umiya Tubes Ltd BOM:539798

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Umiya Tubes 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 Umiya Tubes for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was ₹78.3 Mil.
Revenue was ₹127.6 Mil.
Gross Profit was ₹35.9 Mil.
Total Current Assets was ₹320.5 Mil.
Total Assets was ₹320.5 Mil.
Property, Plant and Equipment(Net PPE) was ₹0.0 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.0 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.0 Mil.
Total Current Liabilities was ₹61.1 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.
Net Income was ₹28.0 Mil.
Gross Profit was ₹0.0 Mil.
Cash Flow from Operations was ₹-180.3 Mil.

Total Receivables was ₹45.8 Mil.
Revenue was ₹5.7 Mil.
Gross Profit was ₹-23.4 Mil.
Total Current Assets was ₹153.8 Mil.
Total Assets was ₹153.8 Mil.
Property, Plant and Equipment(Net PPE) was ₹0.0 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.3 Mil.
Selling, General, & Admin. Expense(SGA) was ₹1.1 Mil.
Total Current Liabilities was ₹16.6 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.6 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)
	=	(78.284 / 127.583)	/	(45.837 / 5.659)
	=	0.613593	/	8.099841
	=

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)
	=	(-23.414 / 5.659)	/	(35.851 / 127.583)
	=	-4.13748	/	0.281001
	=

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 - (320.506 + 0) / 320.506)	/	(1 - (153.805 + 0) / 153.805)
	=	0	/	0
	=

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
	=	127.583	/	5.659
	=

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))
	=	(0.28 / (0.28 + 0))	/	(0 / (0 + 0))
	=	1	/
	=

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)
	=	(0 / 127.583)	/	(1.071 / 5.659)
	=	0	/	0.189256
	=

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)
	=	((0 + 61.05) / 320.506)	/	((0.553 + 16.609) / 153.805)
	=	0.19048	/	0.111583
	=

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
	=	(28.033 - 0	-	-180.321)	/	320.506
	=	0.650078

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.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 0.00 mean?

Umiya Tubes (BOM:539798) has a Beneish M-Score of 0.00 as of Jul. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Umiya Tubes and its competitors. According to the industry distribution chart, Umiya Tubes ranks #999999 out of 588 companies in the Steel industry.

Is Umiya Tubes' Beneish M-Score too high?

Umiya Tubes' current Beneish M-Score is 0.00. Based on the distribution chart, Umiya Tubes ranks #999999 out of 588 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Umiya Tubes has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Umiya Tubes' Beneish M-Score compare to NUE and STLD?

According to the Steel industry distribution chart, Umiya Tubes ranks #999999 out of 588 companies for Beneish M-Score. This places Umiya Tubes 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 Steel company?

A good Beneish M-Score depends on the Steel 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 Umiya Tubes and its competitors. Umiya Tubes's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Umiya Tubes stock overvalued right now?

Based on GuruFocus' analysis, Umiya Tubes (BOM:539798) is currently considered Possible Value Trap. The stock's GF Value™ is ₹138.57, compared to a current price of ₹34.33 — trading 75.2% below its estimated fair value. The current Beneish M-Score is 0.00. Umiya Tubes' overall GF Score™ is 53/100 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 Umiya Tubes (BOM:539798), the current Beneish M-Score is 0.00 as of Jul. 05, 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 Umiya Tubes (BOM:539798) Overvalued in 2026?

Based on GuruFocus' analysis, Umiya Tubes stock appears to be undervalued. The current stock price of ₹34.33 is trading 75.2% below its estimated GF Value™ of ₹138.57. GuruFocus considers Umiya Tubes to be Possible Value Trap.

Key valuation signals for BOM:539798:

Beneish M-Score: 0.00
GF Value™: ₹138.57 vs. price of ₹34.33 (75.2% below fair value)
GF Score™: 53/100 with 3 warning signs

No single metric tells the full story. See the BOM:539798 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Umiya Tubes Business Description

Industry Basic Materials Steel

Comparable Companies BOM:504988 BOM:536659 NSE:DEEM BOM:538812 BOM:531810 BOM:513566 NSE:ABHAPOWER BOM:540080 BOM:513629 BOM:540923 NUE XAMS:MT STLD BOM:500228 NSE:TATASTEEL RS TSE:5401 SHSE:600019 XKRX:005490 SHSE:600010

Address 208, 2nd Floor, Suman Tower, Sector No. - 11, Gandhinagar, GJ, IND, 382011

Website http://www.umiyatubeslimited.in

Umiya Tubes Ltd is engaged in the manufacturing of stainless steel pipes and tubes. Currently, the company has two reportable segments: (i) Renewable Energy Segment and (ii) manufacturing and distribution of tungsten-based products and related items.

53GF Score

Get the complete analysis for BOM:539798

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

₹34.33

Price

₹138.57

GF Value

View BOM:539798 Analysis

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