B-Right Realestate (BOM:543543) Beneish M-Score: 1.51 (As of Jul. 02, 2026) — 421% Above Median


BOM:543543 B-Right Realestate Ltd BOM:543543
74 GF Score
Price ₹890.50
GF Value ₹1,073.11
Valuation Modestly Undervalued
! 6 Warning Signs
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What is B-Right Realestate Beneish M-Score?

B-Right Realestate BOM:543543 -3.63% 74 Beneish M-Score is 1.51 as of Jul. 02, 2026, which is 421% above its 10-year median of 0.29. GuruFocus rates BOM:543543 with a GF Score™ of 74/100 and a GF Value™ of ₹1,073.11 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,681 Real Estate companies, B-Right Realestate ranks worse than 93.22% 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 1.51 higher than -1.78, which implies that the company might have manipulated its financial results.

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

BOM:543543' s Beneish M-Score Range Over the Past 10 Years
Min: -1.27   Med: 0.29   Max: 16.18
Current: 1.51

During the past 8 years, the highest Beneish M-Score of B-Right Realestate was 16.18. The lowest was -1.27. And the median was 0.29.

B-Right Realestate Beneish M-Score Historical Data

* Premium members only.

The historical data trend for B-Right Realestate'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.

B-Right Realestate Beneish M-Score Chart

B-Right Realestate Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial -1.20 7.38 -1.27 -0.94 1.51

B-Right Realestate Semi-Annual Data
Mar19 Mar20 Mar21 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 -1.27 0.00 -0.94 0.00 1.51

B-Right Realestate Beneish M-Score Competitor Comparison

For the Real Estate - Development subindustry, B-Right Realestate'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.

B-Right Realestate Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, B-Right Realestate's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where B-Right Realestate's Beneish M-Score falls into.


BOM:543543
74GF Score
B-Right Realestate Ltd BOM:543543
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

B-Right Realestate 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 B-Right Realestate 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 * 0.5566+0.528 * 0.3829+0.404 * 10.4899+0.892 * 1.6223+0.115 * 0.5224
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.051188-0.327 * 1.0742
=1.51

* 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 ₹1,605 Mil.
Revenue was ₹1,678 Mil.
Gross Profit was ₹713 Mil.
Total Current Assets was ₹3,789 Mil.
Total Assets was ₹4,907 Mil.
Property, Plant and Equipment(Net PPE) was ₹177 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹18 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹1,821 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,129 Mil.
Net Income was ₹351 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹100 Mil.
 Total Receivables was ₹1,778 Mil.
Revenue was ₹1,034 Mil.
Gross Profit was ₹168 Mil.
Total Current Assets was ₹2,995 Mil.
Total Assets was ₹3,315 Mil.
Property, Plant and Equipment(Net PPE) was ₹259 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹13 Mil.
Selling, General, & Admin. Expense(SGA) was ₹2 Mil.
Total Current Liabilities was ₹1,480 Mil.
Long-Term Debt & Capital Lease Obligation was ₹376 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)
=(1605.411 / 1677.942) / (1777.943 / 1034.314)
=0.956774 / 1.718959
=0.5566

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)
=(168.322 / 1034.314) / (713.137 / 1677.942)
=0.162738 / 0.425007
=0.3829

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 - (3788.669 + 176.876) / 4907.004) / (1 - (2995.451 + 259.225) / 3315.314)
=0.19186 / 0.01829
=10.4899

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
=1677.942 / 1034.314
=1.6223

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))
=(12.998 / (12.998 + 259.225)) / (17.794 / (17.794 + 176.876))
=0.047748 / 0.091406
=0.5224

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 / 1677.942) / (1.601 / 1034.314)
=0 / 0.001548
=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)
=((1129.052 + 1821.365) / 4907.004) / ((375.573 + 1480.052) / 3315.314)
=0.601266 / 0.559713
=1.0742

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
=(351.463 - 0 - 100.284) / 4907.004
=0.051188

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.

B-Right Realestate has a M-score of 1.51 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 1.51 mean?
B-Right Realestate (BOM:543543) has a Beneish M-Score of 1.51 as of Jul. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on B-Right Realestate and its competitors. This is 421% above median its historical median of 0.29. According to the industry distribution chart, B-Right Realestate ranks #1567 out of 1681 companies in the Real Estate industry, placing it in the top 93.2%.
Is B-Right Realestate's Beneish M-Score too high?
B-Right Realestate's current Beneish M-Score of 1.51 is 421% above median its 10-year median of 0.29. Based on the distribution chart, B-Right Realestate ranks #1567 out of 1681 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, B-Right Realestate has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does B-Right Realestate's Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, B-Right Realestate ranks #1567 out of 1681 companies for Beneish M-Score. This places B-Right Realestate 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 B-Right Realestate and its competitors. B-Right Realestate's current Beneish M-Score is 1.51, which is 421% above median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B-Right Realestate stock overvalued right now?
Based on GuruFocus' analysis, B-Right Realestate (BOM:543543) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,073.11, compared to a current price of ₹890.50 — trading 17% below its estimated fair value. The current Beneish M-Score is 1.51, which is 421% above median its 10-year median of 0.29. B-Right Realestate's overall GF Score™ is 74/100 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 B-Right Realestate (BOM:543543), the current Beneish M-Score is 1.51 as of Jul. 02, 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 B-Right Realestate (BOM:543543) Overvalued in 2026?

Based on GuruFocus' analysis, B-Right Realestate stock appears to be undervalued. The current stock price of ₹890.50 is trading 17% below its estimated GF Value™ of ₹1,073.11. GuruFocus considers B-Right Realestate to be Modestly Undervalued.

Key valuation signals for BOM:543543:

  • Beneish M-Score: 1.51 (421% above median its 10-year median of 0.29)
  • GF Value™: ₹1,073.11 vs. price of ₹890.50 (17% below fair value)
  • GF Score™: 74/100 with 6 warning signs

No single metric tells the full story. See the BOM:543543 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

B-Right Realestate Business Description

Address Rani Sati Marg, Near Western Express Highway, 702, 7th Floor, Shah Trade Centre, Above SBI Bank, Malad East, Mumbai, MH, IND, 400097
B-Right Realestate Ltd is an integrated construction and real estate development company, focused on the construction and development of residential and commercial projects, in and around Mumbai. Company projects include Parth Business Plaza, Jaliyan Heights, Parth Residency, and others. The company is operating in a single segment business of Real Estate Developments And Financial Intermediation Services.
74GF Score

Get the complete analysis for BOM:543543

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

₹890.50
Price
₹1,073.11
GF Value