Anand RayonsBOM:542721 +0.47%65 Beneish M-Score is -1.02 as of Jul. 09, 2026. GuruFocus rates BOM:542721 with a GF Score™ of 65/100 and a GF Value™ of ₹48.50 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 995 Manufacturing - Apparel & Accessories companies, Anand Rayons ranks worse than 90.85% 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 -1.02 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Anand Rayons's Beneish M-Score or its related term are showing as below:
BOM:542721'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.74 Med: -2.54 Max: 2.62
Current: -1.02
During the past 11 years, the highest Beneish M-Score of Anand Rayons was 2.62. The lowest was -2.74. And the median was -2.54.
Anand Rayons Beneish M-Score Related Terms
Anand Rayons Beneish M-Score Historical Data
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The historical data trend for Anand Rayons'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.
For the Textile Manufacturing subindustry, Anand Rayons'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.
Anand Rayons Beneish M-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Anand Rayons's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Anand Rayons'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 Anand Rayons 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 * 1.3362
+
0.528 * 0.8768
+
0.404 * 1.4712
+
0.892 * 1.38
+
0.115 * 1.9558
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0
+
4.679 * 0.121044
-
0.327 * 1.4941
=
-1.02
* 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))
=
(3.168 / (3.168 + 13.528))
/
(3.472 / (3.472 + 32.315))
=
0.189746
/
0.097018
=
1.9558
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
=
(72.505 - 0
-
-112.806)
/
1530.934
=
0.121044
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.
Anand Rayons has a M-score of -1.02 signals that the company is likely to be a manipulator.
Anand Rayons (BOM:542721) has a Beneish M-Score of -1.02 as of Jul. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Anand Rayons and its competitors. According to the industry distribution chart, Anand Rayons ranks #904 out of 995 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 90.9%.
Is Anand Rayons' Beneish M-Score too high?
Anand Rayons' current Beneish M-Score is -1.02. Based on the distribution chart, Anand Rayons ranks #904 out of 995 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Anand Rayons has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anand Rayons' Beneish M-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Anand Rayons ranks #904 out of 995 companies for Beneish M-Score. This places Anand Rayons 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Anand Rayons and its competitors. Anand Rayons's current Beneish M-Score is -1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anand Rayons stock overvalued right now?
Based on GuruFocus' analysis, Anand Rayons (BOM:542721) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹48.50, compared to a current price of ₹53.74 — trading 10.8% above its estimated fair value. The current Beneish M-Score is -1.02. Anand Rayons' overall GF Score™ is 65/100 with 5 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 Anand Rayons (BOM:542721), the current Beneish M-Score is -1.02 as of Jul. 09, 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 Anand Rayons (BOM:542721) Overvalued in 2026?
Based on GuruFocus' analysis, Anand Rayons stock appears to be overvalued.
The current stock price of ₹53.74 is trading 10.8% above its estimated GF Value™ of ₹48.50.
GuruFocus considers Anand Rayons to be Modestly Overvalued.
Key valuation signals for BOM:542721:
Beneish M-Score: -1.02
GF Value™: ₹48.50 vs. price of ₹53.74 (10.8% above fair value)
No single metric tells the full story. See the BOM:542721 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anand Rayons Ltd is engaged in the trading of different types of yarns and thread. It offers products in the categories of Polyester Yarn, Nylon Yarn, Embroidery yarn, and Jari. The company earns revenue from sale of traded goods and commission. In addition to this, company also dealing in aluminum foil, polyester chips, polyester granules, chips, bop film, cpp film including their raw materials, polyester chips, granules, PET film, paper and other items used in packing or packaging industries, textile machinery and equipment, testing equipment.
65GF Score
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