AA Plus Tradelink (BOM:543319) Beneish M-Score: 0.00 (As of Jul. 04, 2026)


BOM:543319 AA Plus Tradelink Ltd BOM:543319
43 GF Score
Price ₹1.23
GF Value ₹0.30
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is AA Plus Tradelink Beneish M-Score?

AA Plus Tradelink BOM:543319 +3.36% 43 Beneish M-Score is 0.00 as of Jul. 04, 2026. GuruFocus rates BOM:543319 with a GF Score™ of 43/100 and a GF Value™ of ₹0.30 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,918 Industrial Products companies, AA Plus Tradelink ranks worse than 34270.01% 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 AA Plus Tradelink's Beneish M-Score or its related term are showing as below:

During the past 9 years, the highest Beneish M-Score of AA Plus Tradelink was -0.46. The lowest was -2.82. And the median was -0.83.

AA Plus Tradelink Beneish M-Score Historical Data

* Premium members only.

The historical data trend for AA Plus Tradelink'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.

AA Plus Tradelink Beneish M-Score Chart

AA Plus Tradelink Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only -0.46 -2.82 0.00 0.00 0.00

AA Plus Tradelink Semi-Annual Data
Mar18 Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

BOM:543319 vs CRS, ATI, MLI: Beneish M-Score Comparison

For the Metal Fabrication subindustry, AA Plus Tradelink'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.

AA Plus Tradelink Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, AA Plus Tradelink's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where AA Plus Tradelink's Beneish M-Score falls into.


BOM:543319
43GF Score
AA Plus Tradelink Ltd BOM:543319
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AA Plus Tradelink 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 AA Plus Tradelink 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was ₹401.97 Mil.
Revenue was ₹81.07 Mil.
Gross Profit was ₹2.73 Mil.
Total Current Assets was ₹438.15 Mil.
Total Assets was ₹479.48 Mil.
Property, Plant and Equipment(Net PPE) was ₹0.47 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.47 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.00 Mil.
Total Current Liabilities was ₹40.15 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Net Income was ₹4.50 Mil.
Gross Profit was ₹0.00 Mil.
Cash Flow from Operations was ₹4.63 Mil.
 Total Receivables was ₹408.30 Mil.
Revenue was ₹200.34 Mil.
Gross Profit was ₹5.96 Mil.
Total Current Assets was ₹448.60 Mil.
Total Assets was ₹449.50 Mil.
Property, Plant and Equipment(Net PPE) was ₹0.90 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.21 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.00 Mil.
Total Current Liabilities was ₹14.70 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 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)
=(401.973 / 81.073) / (408.3 / 200.344)
=4.958161 / 2.037995
=

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)
=(5.963 / 200.344) / (2.73 / 81.073)
=0.029764 / 0.033673
=

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 - (438.147 + 0.471) / 479.476) / (1 - (448.6 + 0.9) / 449.5)
=0.085214 / 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
=81.073 / 200.344
=

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))
=(0.211 / (0.211 + 0.9)) / (0.468 / (0.468 + 0.471))
=0.189919 / 0.498403
=

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 / 81.073) / (0 / 200.344)
=0 / 0
=

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 + 40.148) / 479.476) / ((0 + 14.7) / 449.5)
=0.083733 / 0.032703
=

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
=(4.497 - 0 - 4.634) / 479.476
=-0.000286

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?
AA Plus Tradelink (BOM:543319) has a Beneish M-Score of 0.00 as of Jul. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on AA Plus Tradelink and its competitors. According to the industry distribution chart, AA Plus Tradelink ranks #999999 out of 2918 companies in the Industrial Products industry.
Is AA Plus Tradelink's Beneish M-Score too high?
AA Plus Tradelink's current Beneish M-Score is 0.00. Based on the distribution chart, AA Plus Tradelink ranks #999999 out of 2918 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, AA Plus Tradelink has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AA Plus Tradelink's Beneish M-Score compare to CRS and ATI?
According to the Industrial Products industry distribution chart, AA Plus Tradelink ranks #999999 out of 2918 companies for Beneish M-Score. This places AA Plus Tradelink 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 AA Plus Tradelink and its competitors. AA Plus Tradelink'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 AA Plus Tradelink stock overvalued right now?
Based on GuruFocus' analysis, AA Plus Tradelink (BOM:543319) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.30, compared to a current price of ₹1.23 — trading 310% above its estimated fair value. The current Beneish M-Score is 0.00. AA Plus Tradelink's overall GF Score™ is 43/100 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 AA Plus Tradelink (BOM:543319), the current Beneish M-Score is 0.00 as of Jul. 04, 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 AA Plus Tradelink (BOM:543319) Overvalued in 2026?

Based on GuruFocus' analysis, AA Plus Tradelink stock appears to be overvalued. The current stock price of ₹1.23 is trading 310% above its estimated GF Value™ of ₹0.30. GuruFocus considers AA Plus Tradelink to be Significantly Overvalued.

Key valuation signals for BOM:543319:

  • Beneish M-Score: 0.00
  • GF Value™: ₹0.30 vs. price of ₹1.23 (310% above fair value)
  • GF Score™: 43/100 with 4 warning signs

No single metric tells the full story. See the BOM:543319 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

AA Plus Tradelink Business Description

Address Nehru Road, Office No. 4 Sawant Sadan, Near State Bank Of India, Vile parle (East, Mumbai, MH, IND, 400057
AA Plus Tradelink Ltd is engaged in the trading of products made of iron & steel, aluminium, graphite, and other alloy products. It offers a diversified products such as aluminium bars, Aluminium Scrap, Aluminium Powder, G I pipes, Graphite Flakes, Graphite Powder, Graphite Rods and others. The company is also in the business of supplying Epoxy Floor Coating, Industrial Epoxy Floor Coating,Epoxy Floor Coating Marine, PU Floor Coating, Epoxy Coating, Epoxy Primer, Epoxy High BuildCoating, Epoxy Heat Resistance Coating. Furthermore, the contracts from builders for the end-to-end supply and fitting of aluminium windows, along with the glass.
43GF Score

Get the complete analysis for BOM:543319

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

₹1.23
Price
₹0.30
GF Value