Naturo Agrotech India (BOM:543579) Beneish M-Score: 0.00 (As of Jun. 30, 2026)


BOM:543579 Naturo Agrotech India Ltd BOM:543579
22 GF Score
Price ₹2.62
GF Value ₹1.00
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Naturo Agrotech India Beneish M-Score?

Naturo Agrotech India BOM:543579 22 Beneish M-Score is 0.00 as of Jun. 30, 2026. GuruFocus rates BOM:543579 with a GF Score™ of 22/100 and a GF Value™ of ₹1.00 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,848 Consumer Packaged Goods companies, Naturo Agrotech India ranks worse than 54112.5% 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 Naturo Agrotech India's Beneish M-Score or its related term are showing as below:

During the past 7 years, the highest Beneish M-Score of Naturo Agrotech India was 11.57. The lowest was 0.83. And the median was 2.08.


Naturo Agrotech India Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Naturo Agrotech 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.

Naturo Agrotech India Beneish M-Score Chart

Naturo Agrotech India Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial 2.40 1.76 0.83 11.57 0.00

Naturo Agrotech India Semi-Annual Data
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 0.83 0.00 11.57 0.00 0.00

BOM:543579 vs PG, CL, KVUE: Beneish M-Score Comparison

For the Household & Personal Products subindustry, Naturo Agrotech 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.


Naturo Agrotech India Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Naturo Agrotech India's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Naturo Agrotech India's Beneish M-Score falls into.


BOM:543579
22GF Score
Naturo Agrotech India Ltd BOM:543579
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Naturo Agrotech India 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 Naturo Agrotech 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 * +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 ₹694.26 Mil.
Revenue was ₹0.00 Mil.
Gross Profit was ₹0.00 Mil.
Total Current Assets was ₹802.11 Mil.
Total Assets was ₹816.05 Mil.
Property, Plant and Equipment(Net PPE) was ₹10.80 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹4.53 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.73 Mil.
Total Current Liabilities was ₹443.48 Mil.
Long-Term Debt & Capital Lease Obligation was ₹10.18 Mil.
Net Income was ₹-8.21 Mil.
Gross Profit was ₹0.00 Mil.
Cash Flow from Operations was ₹0.00 Mil.
Total Receivables was ₹672.32 Mil.
Revenue was ₹20.52 Mil.
Gross Profit was ₹0.24 Mil.
Total Current Assets was ₹811.44 Mil.
Total Assets was ₹830.05 Mil.
Property, Plant and Equipment(Net PPE) was ₹15.33 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹6.29 Mil.
Selling, General, & Admin. Expense(SGA) was ₹1.45 Mil.
Total Current Liabilities was ₹448.66 Mil.
Long-Term Debt & Capital Lease Obligation was ₹10.78 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)
=(694.257 / 0) / (672.319 / 20.517)
= / 32.768875
=

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)
=(0.24 / 20.517) / (0.001 / 0)
=0.011698 /
=

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 - (802.107 + 10.803) / 816.053) / (1 - (811.442 + 15.334) / 830.048)
=0.003851 / 0.003942
=

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
=0 / 20.517
=

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))
=(6.291 / (6.291 + 15.334)) / (4.53 / (4.53 + 10.803))
=0.290913 / 0.295441
=

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)
=(0.731 / 0) / (1.45 / 20.517)
= / 0.070673
=

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)
=((10.175 + 443.483) / 816.053) / ((10.777 + 448.657) / 830.048)
=0.555917 / 0.553503
=

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
=(-8.207 - 0 - 0) / 816.053
=-0.010057

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?
Naturo Agrotech India (BOM:543579) has a Beneish M-Score of 0.00 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Naturo Agrotech India and its competitors. Over the past decade, Naturo Agrotech India's Beneish M-Score has ranged from 0.83 to 11.57. According to the industry distribution chart, Naturo Agrotech India ranks #999999 out of 1848 companies in the Consumer Packaged Goods industry.
Is Naturo Agrotech India's Beneish M-Score too high?
Naturo Agrotech India's current Beneish M-Score is 0.00. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 11.57. Based on the distribution chart, Naturo Agrotech India ranks #999999 out of 1848 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Naturo Agrotech India has a GF Score™ of 22/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Naturo Agrotech India's Beneish M-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Naturo Agrotech India ranks #999999 out of 1848 companies for Beneish M-Score. This places Naturo Agrotech India in the lower half of its industry. Historically, Naturo Agrotech India's own Beneish M-Score has ranged from 0.83 to 11.57 over the past decade. 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 Naturo Agrotech India and its competitors. Naturo Agrotech India'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 Naturo Agrotech India stock overvalued right now?
Based on GuruFocus' analysis, Naturo Agrotech India (BOM:543579) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1.00, compared to a current price of ₹2.62 — trading 162% above its estimated fair value. The current Beneish M-Score is 0.00. Naturo Agrotech India's overall GF Score™ is 22/100 with 3 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 Naturo Agrotech India (BOM:543579), the current Beneish M-Score is 0.00 as of Jun. 30, 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 Naturo Agrotech India (BOM:543579) Overvalued in 2026?

Based on GuruFocus' analysis, Naturo Agrotech India stock appears to be overvalued. The current stock price of ₹2.62 is trading 162% above its estimated GF Value™ of ₹1.00. GuruFocus considers Naturo Agrotech India to be Significantly Overvalued.

Key valuation signals for BOM:543579:

  • Beneish M-Score: 0.00
  • GF Value™: ₹1.00 vs. price of ₹2.62 (162% above fair value)
  • GF Score™: 22/100 with 3 warning signs

No single metric tells the full story. See the BOM:543579 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Naturo Agrotech India Business Description

Address 200 Ft. Bye-Pass, 1st Floor, 51, Lohiya Colony, Vaishali Nagar, Jaipur, RJ, IND, 302021
Naturo Agrotech India Ltd, formerly Naturo Indiabull Ltd is in the business of the fast-moving consumer goods industry. The brand purchases different products from manufacturers and sells them in its own brand directly to wholesellers and through agents. It carries on the business of garments, textiles, jewellery, FMCG, Real Estate, Stone-Mines, Herbal Products, Automobile, Printing, Share Trading, providing education, Agriculture Seeds and Fertilizers, Hospitality, and Food items. It also trades in various health products and kits including sanitary towels, sanitary napkins, hand sanitiser, and other health kits.
22GF Score

Get the complete analysis for BOM:543579

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

₹2.62
Price
₹1.00
GF Value