Sonalis Consumer Products (BOM:543924) Beneish M-Score: 0.00 (As of Aug. 05, 2026)

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BOM:543924 Sonalis Consumer Products Ltd BOM:543924
44 GF Score
Price ₹48.17
GF Value ₹108.35
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Sonalis Consumer Products Beneish M-Score?

Sonalis Consumer Products BOM:543924 -4.99% 44 Beneish M-Score is 0.00 as of Aug. 05, 2026. GuruFocus rates BOM:543924 with a GF Score™ of 44/100 and a GF Value™ of ₹108.35 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,857 Consumer Packaged Goods companies, Sonalis Consumer Products ranks worse than 53850.24% 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 Sonalis Consumer Products's Beneish M-Score or its related term are showing as below:

During the past 5 years, the highest Beneish M-Score of Sonalis Consumer Products was 21.14. The lowest was -0.54. And the median was 10.30.

Sonalis Consumer Products Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Sonalis Consumer Products'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.

Sonalis Consumer Products Beneish M-Score Chart

Sonalis Consumer Products Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -0.54 21.14 0.00

Sonalis Consumer Products Semi-Annual Data
Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial -0.54 0.00 21.14 0.00 0.00

BOM:543924 vs KHC, GIS: Beneish M-Score Comparison

For the Packaged Foods subindustry, Sonalis Consumer Products'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.

Sonalis Consumer Products Beneish M-Score vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Sonalis Consumer Products's Beneish M-Score falls into.


BOM:543924
44GF Score
Sonalis Consumer Products Ltd BOM:543924
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sonalis Consumer Products 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 Sonalis Consumer Products 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 ₹313 Mil.
Revenue was ₹1,499 Mil.
Gross Profit was ₹131 Mil.
Total Current Assets was ₹411 Mil.
Total Assets was ₹487 Mil.
Property, Plant and Equipment(Net PPE) was ₹21 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹2 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹155 Mil.
Long-Term Debt & Capital Lease Obligation was ₹4 Mil.
Net Income was ₹87 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-98 Mil.
 Total Receivables was ₹395 Mil.
Revenue was ₹1,067 Mil.
Gross Profit was ₹56 Mil.
Total Current Assets was ₹519 Mil.
Total Assets was ₹520 Mil.
Property, Plant and Equipment(Net PPE) was ₹1 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0 Mil.
Selling, General, & Admin. Expense(SGA) was ₹4 Mil.
Total Current Liabilities was ₹431 Mil.
Long-Term Debt & Capital Lease Obligation was ₹6 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)
=(313.151 / 1498.8) / (395.492 / 1066.984)
=0.208934 / 0.370663
=

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)
=(56.318 / 1066.984) / (131.205 / 1498.8)
=0.052782 / 0.08754
=

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 - (410.748 + 20.631) / 487.207) / (1 - (519.071 + 0.528) / 519.599)
=0.114588 / 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
=1498.8 / 1066.984
=

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))
=(0.201 / (0.201 + 0.528)) / (1.613 / (1.613 + 20.631))
=0.27572 / 0.072514
=

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 / 1498.8) / (3.549 / 1066.984)
=0 / 0.003326
=

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)
=((3.736 + 154.955) / 487.207) / ((5.589 + 430.804) / 519.599)
=0.325716 / 0.839865
=

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
=(86.68 - 0 - -98.187) / 487.207
=0.379442

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?
Sonalis Consumer Products (BOM:543924) has a Beneish M-Score of 0.00 as of Aug. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sonalis Consumer Products and its competitors. According to the industry distribution chart, Sonalis Consumer Products ranks #999999 out of 1857 companies in the Consumer Packaged Goods industry.
Is Sonalis Consumer Products' Beneish M-Score too high?
Sonalis Consumer Products' current Beneish M-Score is 0.00. Based on the distribution chart, Sonalis Consumer Products ranks #999999 out of 1857 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Sonalis Consumer Products has a GF Score™ of 44/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sonalis Consumer Products' Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Sonalis Consumer Products ranks #999999 out of 1857 companies for Beneish M-Score. This places Sonalis Consumer Products 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 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 Sonalis Consumer Products and its competitors. Sonalis Consumer Products'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 Sonalis Consumer Products stock overvalued right now?
Based on GuruFocus' analysis, Sonalis Consumer Products (BOM:543924) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹108.35, compared to a current price of ₹48.17 — trading 55.5% below its estimated fair value. The current Beneish M-Score is 0.00. Sonalis Consumer Products' overall GF Score™ is 44/100 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 Sonalis Consumer Products (BOM:543924), the current Beneish M-Score is 0.00 as of Aug. 05, 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 Sonalis Consumer Products (BOM:543924) Overvalued in 2026?

Based on GuruFocus' analysis, Sonalis Consumer Products stock appears to be undervalued. The current stock price of ₹48.17 is trading 55.5% below its estimated GF Value™ of ₹108.35. GuruFocus considers Sonalis Consumer Products to be Significantly Undervalued.

Key valuation signals for BOM:543924:

  • Beneish M-Score: 0.00
  • GF Value™: ₹108.35 vs. price of ₹48.17 (55.5% below fair value)
  • GF Score™: 44/100 with 3 warning signs

No single metric tells the full story. See the BOM:543924 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Sonalis Consumer Products Business Description

Address Off W. E. Highway, HD-275, WeWork Oberoi Commerz II, CTS No. 95, 4 B 3 & 4 590, Oberoi Garden City, 20th floor, Goregaon East, Mumbai, MH, IND, 400063
Sonalis Consumer Products Ltd is a snack production and processing company based in Mumbai. The company manufactures various products under private labeling and contract manufacturing arrangements with its customers. Its product line includes Baked Karanji/Gujiya, C-BAR, Cheeseling Bhadang, Cheeseling Cheese Tomato, Diet Bhel, Healthy Pop-ups, IMU-BAR, Oats Laddu, and RAGI BAR. Company is modifying its business from manufacturing snacks to trading of FMCG. Also new business activity of warehousing, warehousemen, custodians, storage rooms, godowns, cold storage is being implemented in the portfolio.
44GF Score

Get the complete analysis for BOM:543924

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

₹48.17
Price
₹108.35
GF Value