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 -0.03 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Tanvi Foods (India)'s Beneish M-Score or its related term are showing as below:
BOM:540332'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.6 Med: -2.29 Max: 0.36
Current: -0.03
During the past 11 years, the highest Beneish M-Score of Tanvi Foods (India) was 0.36. The lowest was -2.60. And the median was -2.29.
Tanvi Foods (India) Beneish M-Score Related Terms
Tanvi Foods (India) Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Tanvi Foods (India)'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:540332 vs KHC, GIS: Beneish M-Score Comparison
For the Packaged Foods subindustry, Tanvi Foods (India)'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.
Tanvi Foods (India) Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Tanvi Foods (India)'s Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Tanvi Foods (India)'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 Tanvi Foods (India) 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 * 1.4491
+
0.528 * 0.623
+
0.404 * 5.7907
+
0.892 * 1.2015
+
0.115 * 0.1577
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0
+
4.679 * 0.033401
-
0.327 * 1.3262
=
-0.03
* 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))
=
(5.308 / (5.308 + 586.498))
/
(30.551 / (30.551 + 506.628))
=
0.008969
/
0.056873
=
0.1577
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
=
(21.544 - 0
-
-21.386)
/
1285.275
=
0.033401
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.
Tanvi Foods (India) has a M-score of -0.03 signals that the company is likely to be a manipulator.
Tanvi Foods (India) (BOM:540332) has a Beneish M-Score of -0.03 as of Jul. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Tanvi Foods (India) and its competitors. According to the industry distribution chart, Tanvi Foods (India) ranks #1748 out of 1850 companies in the Consumer Packaged Goods industry, placing it in the top 94.5%.
Is Tanvi Foods (India)'s Beneish M-Score too high?
Tanvi Foods (India)'s current Beneish M-Score is -0.03. Based on the distribution chart, Tanvi Foods (India) ranks #1748 out of 1850 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Tanvi Foods (India) has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tanvi Foods (India)'s Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Tanvi Foods (India) ranks #1748 out of 1850 companies for Beneish M-Score. This places Tanvi Foods (India) 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 Tanvi Foods (India) and its competitors. Tanvi Foods (India)'s current Beneish M-Score is -0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tanvi Foods (India) stock overvalued right now?
Based on GuruFocus' analysis, Tanvi Foods (India) (BOM:540332) is currently considered Possible Value Trap. The stock's GF Value™ is ₹105.08, compared to a current price of ₹60.03 — trading 42.9% below its estimated fair value. The current Beneish M-Score is -0.03. Tanvi Foods (India)'s overall GF Score™ is 68/100 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 Tanvi Foods (India) (BOM:540332), the current Beneish M-Score is -0.03 as of Jul. 06, 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 Tanvi Foods (India) (BOM:540332) Overvalued in 2026?
Based on GuruFocus' analysis, Tanvi Foods (India) stock appears to be undervalued.
The current stock price of ₹60.03 is trading 42.9% below its estimated GF Value™ of ₹105.08.
GuruFocus considers Tanvi Foods (India) to be Possible Value Trap.
Key valuation signals for BOM:540332:
Beneish M-Score: -0.03
GF Value™: ₹105.08 vs. price of ₹60.03 (42.9% below fair value)
No single metric tells the full story. See the BOM:540332 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tanvi Foods (India) Ltd processes and distributes a wide range of frozen food products, including agricultural products, snacks, and traditional regional foods made prominently from sweet corn. The company offers products such as frozen vegetables, frozen snacks like samosas and spring rolls, frozen dals, curries, and vegetable chutneys. It operates with in-house freezing, cold storage, and refrigerated transport facilities to maintain product quality. Tanvi Foods serves retail and institutional markets and exports its products to various international regions, including the United States, Europe, the Middle East, Australia, and Canada. Revenue is generated from the sale of its frozen food products under its Frozen Kings and Corn Club brands.
68GF Score
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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