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Yash ChemexBOM:539939 60 Beneish M-Score is -1.38 as of Jul. 20, 2026. GuruFocus rates BOM:539939 with a GF Score™ of 60/100 and a GF Value™ of ₹90.87 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,526 Chemicals companies, Yash Chemex ranks worse than 89.91% 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 -1.38 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Yash Chemex's Beneish M-Score or its related term are showing as below:
BOM:539939'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.7 Med: -1.88 Max: 72.37
Current: -1.38
During the past 13 years, the highest Beneish M-Score of Yash Chemex was 72.37. The lowest was -2.70. And the median was -1.88.
Yash Chemex Beneish M-Score Related Terms
Yash Chemex Beneish M-Score Historical Data
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The historical data trend for Yash Chemex'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:539939 vs LIN, SHW, ECL: Beneish M-Score Comparison
For the Specialty Chemicals subindustry, Yash Chemex'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.
Yash Chemex Beneish M-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Yash Chemex's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Yash Chemex'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 Yash Chemex 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 * 0.7859
+
0.528 * 2.1468
+
0.404 * 1.0789
+
0.892 * 1.5115
+
0.115 * 1.1671
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0
+
4.679 * 0.016489
-
0.327 * 1.19
=
-1.38
* 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))
=
(0.989 / (0.989 + 41.465))
/
(0.864 / (0.864 + 42.422))
=
0.023296
/
0.01996
=
1.1671
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
=
(20.207 - 0
-
4.26)
/
967.157
=
0.016489
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.
Yash Chemex has a M-score of -1.38 signals that the company is likely to be a manipulator.
Yash Chemex (BOM:539939) has a Beneish M-Score of -1.38 as of Jul. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yash Chemex and its competitors. According to the industry distribution chart, Yash Chemex ranks #1372 out of 1526 companies in the Chemicals industry, placing it in the top 89.9%.
Is Yash Chemex's Beneish M-Score too high?
Yash Chemex's current Beneish M-Score is -1.38. Based on the distribution chart, Yash Chemex ranks #1372 out of 1526 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Yash Chemex has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Yash Chemex's Beneish M-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Yash Chemex ranks #1372 out of 1526 companies for Beneish M-Score. This places Yash Chemex 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 Chemicals company?
A good Beneish M-Score depends on the Chemicals 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 Yash Chemex and its competitors. Yash Chemex's current Beneish M-Score is -1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yash Chemex stock overvalued right now?
Based on GuruFocus' analysis, Yash Chemex (BOM:539939) is currently considered Possible Value Trap. The stock's GF Value™ is ₹90.87, compared to a current price of ₹52.65 — trading 42.1% below its estimated fair value. The current Beneish M-Score is -1.38. Yash Chemex's overall GF Score™ is 60/100 with 4 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 Yash Chemex (BOM:539939), the current Beneish M-Score is -1.38 as of Jul. 20, 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 Yash Chemex (BOM:539939) Overvalued in 2026?
Based on GuruFocus' analysis, Yash Chemex stock appears to be undervalued.
The current stock price of ₹52.65 is trading 42.1% below its estimated GF Value™ of ₹90.87.
GuruFocus considers Yash Chemex to be Possible Value Trap.
Key valuation signals for BOM:539939:
Beneish M-Score: -1.38
GF Value™: ₹90.87 vs. price of ₹52.65 (42.1% below fair value)
No single metric tells the full story. See the BOM:539939 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Yash Chemex Ltd is a chemical and allied products company based in Ahmedabad, India. It operates prominently in the trading, importing, and exporting of specialty chemicals, dyes, and intermediates. The company also manufactures and markets fast-moving consumer goods (FMCG) such as hand sanitizers and perfumes through its subsidiary, Yasons Chemex Care Ltd. Yash Chemex serves various industries by supplying specialty chemicals and dyes, generating revenue mainly through its trading activities and the growing FMCG segment. Its operations are focused within India, with a broader reach through international chemical trading networks.
60GF Score
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