Reetech International (BOM:543617) Beneish M-Score: 0.00 (As of Aug. 12, 2026)

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BOM:543617 Reetech International Ltd BOM:543617
36 GF Score
Price ₹15.83
GF Value ₹10.54
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Reetech International Beneish M-Score?

Reetech International BOM:543617 -9.54% 36 Beneish M-Score is 0.00 as of Aug. 12, 2026. GuruFocus rates BOM:543617 with a GF Score™ of 36/100 and a GF Value™ of ₹10.54 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 590 Steel companies, Reetech International ranks worse than 169491.36% 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 Reetech International's Beneish M-Score or its related term are showing as below:

During the past 7 years, the highest Beneish M-Score of Reetech International was 0.60. The lowest was -5.63. And the median was -1.51.

Reetech International Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Reetech International'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.

Reetech International Beneish M-Score Chart

Reetech International Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial 0.60 -2.01 -1.00 -5.63 0.00

Reetech International 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 -1.00 0.00 -5.63 0.00 0.00

BOM:543617 vs HCC, AMR, SXC: Beneish M-Score Comparison

For the Coking Coal subindustry, Reetech International'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.

Reetech International Beneish M-Score vs Steel Industry

For the Steel industry and Basic Materials sector, Reetech International's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Reetech International's Beneish M-Score falls into.


BOM:543617
36GF Score
Reetech International Ltd BOM:543617
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Reetech International 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 Reetech International 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 ₹53.93 Mil.
Revenue was ₹0.00 Mil.
Gross Profit was ₹0.00 Mil.
Total Current Assets was ₹55.39 Mil.
Total Assets was ₹151.41 Mil.
Property, Plant and Equipment(Net PPE) was ₹6.40 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹6.70 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.00 Mil.
Total Current Liabilities was ₹24.24 Mil.
Long-Term Debt & Capital Lease Obligation was ₹5.91 Mil.
Net Income was ₹4.10 Mil.
Gross Profit was ₹0.00 Mil.
Cash Flow from Operations was ₹-10.45 Mil.
 Total Receivables was ₹26.35 Mil.
Revenue was ₹119.26 Mil.
Gross Profit was ₹-0.90 Mil.
Total Current Assets was ₹35.06 Mil.
Total Assets was ₹152.90 Mil.
Property, Plant and Equipment(Net PPE) was ₹26.55 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹6.63 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.42 Mil.
Total Current Liabilities was ₹12.31 Mil.
Long-Term Debt & Capital Lease Obligation was ₹23.44 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)
=(53.926 / 0) / (26.352 / 119.261)
= / 0.220961
=

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)
=(-0.899 / 119.261) / (0 / 0)
=-0.007538 /
=

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 - (55.385 + 6.398) / 151.405) / (1 - (35.056 + 26.551) / 152.901)
=0.591936 / 0.597079
=

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 / 119.261
=

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))
=(6.631 / (6.631 + 26.551)) / (6.703 / (6.703 + 6.398))
=0.199837 / 0.51164
=

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 / 0) / (0.418 / 119.261)
= / 0.003505
=

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)
=((5.914 + 24.236) / 151.405) / ((23.437 + 12.309) / 152.901)
=0.199135 / 0.233785
=

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
=(4.099 - 0 - -10.445) / 151.405
=0.09606

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?
Reetech International (BOM:543617) has a Beneish M-Score of 0.00 as of Aug. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Reetech International and its competitors. According to the industry distribution chart, Reetech International ranks #999999 out of 590 companies in the Steel industry.
Is Reetech International's Beneish M-Score too high?
Reetech International's current Beneish M-Score is 0.00. Based on the distribution chart, Reetech International ranks #999999 out of 590 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Reetech International has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Reetech International's Beneish M-Score compare to HCC and AMR?
According to the Steel industry distribution chart, Reetech International ranks #999999 out of 590 companies for Beneish M-Score. This places Reetech International 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 Steel company?
A good Beneish M-Score depends on the Steel 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 Reetech International and its competitors. Reetech International'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 Reetech International stock overvalued right now?
Based on GuruFocus' analysis, Reetech International (BOM:543617) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹10.54, compared to a current price of ₹15.83 — trading 50.2% above its estimated fair value. The current Beneish M-Score is 0.00. Reetech International's overall GF Score™ is 36/100 with 1 warning sign 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 Reetech International (BOM:543617), the current Beneish M-Score is 0.00 as of Aug. 12, 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 Reetech International (BOM:543617) Overvalued in 2026?

Based on GuruFocus' analysis, Reetech International stock appears to be overvalued. The current stock price of ₹15.83 is trading 50.2% above its estimated GF Value™ of ₹10.54. GuruFocus considers Reetech International to be Significantly Overvalued.

Key valuation signals for BOM:543617:

  • Beneish M-Score: 0.00
  • GF Value™: ₹10.54 vs. price of ₹15.83 (50.2% above fair value)
  • GF Score™: 36/100 with 1 warning sign

No single metric tells the full story. See the BOM:543617 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Reetech International Business Description

Address Near Kalimata Mandir Road, Sai Kunj, Civil Lines, Raipur, CT, IND, 492001
Reetech International Ltd is a Coal Supplier in India. The company's diversified product portfolio comprises coal from Indonesia, South Africa, and India, among other origins. The company supply the products to customers in various sectors such as Power, Steel, Rolling and other industries. An effective handling and transportation of the orders is facilitated through Road transportation, Sea and Railway.
36GF Score

Get the complete analysis for BOM:543617

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

₹15.83
Price
₹10.54
GF Value