Khyati Global Ventures (BOM:544270) Beneish M-Score: -0.86 (As of Aug. 03, 2026)

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BOM:544270 Khyati Global Ventures Ltd BOM:544270
37 GF Score
Price ₹50.25
! 7 Warning Signs
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What is Khyati Global Ventures Beneish M-Score?

Khyati Global Ventures BOM:544270 37 Beneish M-Score is -0.86 as of Aug. 03, 2026. GuruFocus rates BOM:544270 with a GF Score™ of 37/100. The stock has 7 warning signs investors should review. Among 1,854 Consumer Packaged Goods companies, Khyati Global Ventures ranks worse than 91.96% 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 -0.86 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Khyati Global Ventures's Beneish M-Score or its related term are showing as below:

BOM:544270' s Beneish M-Score Range Over the Past 10 Years
Min: -2.1   Med: -1.32   Max: -0.86
Current: -0.86

During the past 6 years, the highest Beneish M-Score of Khyati Global Ventures was -0.86. The lowest was -2.10. And the median was -1.32.

Khyati Global Ventures Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Khyati Global Ventures'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.

Khyati Global Ventures Beneish M-Score Chart

Khyati Global Ventures Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial 0.00 -2.10 -1.35 -1.28 -0.86

Khyati Global Ventures Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial -2.10 -1.35 -1.28 0.00 -0.86

BOM:544270 vs KHC, GIS: Beneish M-Score Comparison

For the Packaged Foods subindustry, Khyati Global Ventures'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.

Khyati Global Ventures Beneish M-Score vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Khyati Global Ventures's Beneish M-Score falls into.


BOM:544270
37GF Score
Khyati Global Ventures Ltd BOM:544270
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Khyati Global Ventures 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 Khyati Global Ventures 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 * 1.1478+0.528 * 0.9984+0.404 * 1.09+0.892 * 1.237+0.115 * 0.8443
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.245409-0.327 * 1.1864
=-0.86

* 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 ₹468 Mil.
Revenue was ₹1,494 Mil.
Gross Profit was ₹279 Mil.
Total Current Assets was ₹883 Mil.
Total Assets was ₹997 Mil.
Property, Plant and Equipment(Net PPE) was ₹35 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹7 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹551 Mil.
Long-Term Debt & Capital Lease Obligation was ₹13 Mil.
Net Income was ₹62 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-183 Mil.
 Total Receivables was ₹330 Mil.
Revenue was ₹1,207 Mil.
Gross Profit was ₹225 Mil.
Total Current Assets was ₹520 Mil.
Total Assets was ₹585 Mil.
Property, Plant and Equipment(Net PPE) was ₹22 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹3 Mil.
Selling, General, & Admin. Expense(SGA) was ₹71 Mil.
Total Current Liabilities was ₹266 Mil.
Long-Term Debt & Capital Lease Obligation was ₹13 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)
=(468.135 / 1493.585) / (329.729 / 1207.456)
=0.31343 / 0.273077
=1.1478

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)
=(225.28 / 1207.456) / (279.107 / 1493.585)
=0.186574 / 0.186871
=0.9984

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 - (882.792 + 34.788) / 997.402) / (1 - (520.373 + 21.71) / 585.038)
=0.08003 / 0.073423
=1.09

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
=1493.585 / 1207.456
=1.237

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))
=(3.433 / (3.433 + 21.71)) / (6.711 / (6.711 + 34.788))
=0.136539 / 0.161715
=0.8443

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 / 1493.585) / (71.409 / 1207.456)
=0 / 0.05914
=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)
=((13.408 + 551.136) / 997.402) / ((13.442 + 265.666) / 585.038)
=0.566015 / 0.477077
=1.1864

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
=(61.925 - 0 - -182.846) / 997.402
=0.245409

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.

Khyati Global Ventures has a M-score of -0.86 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 -0.86 mean?
Khyati Global Ventures (BOM:544270) has a Beneish M-Score of -0.86 as of Aug. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Khyati Global Ventures and its competitors. According to the industry distribution chart, Khyati Global Ventures ranks #1705 out of 1854 companies in the Consumer Packaged Goods industry, placing it in the top 92%.
Is Khyati Global Ventures' Beneish M-Score too high?
Khyati Global Ventures' current Beneish M-Score is -0.86. Based on the distribution chart, Khyati Global Ventures ranks #1705 out of 1854 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Khyati Global Ventures has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Khyati Global Ventures' Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Khyati Global Ventures ranks #1705 out of 1854 companies for Beneish M-Score. This places Khyati Global Ventures 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 Khyati Global Ventures and its competitors. Khyati Global Ventures's current Beneish M-Score is -0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Khyati Global Ventures stock overvalued right now?
Khyati Global Ventures (BOM:544270) has a current Beneish M-Score of -0.86. The current Beneish M-Score is -0.86. Khyati Global Ventures' overall GF Score™ is 37/100 with 7 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 Khyati Global Ventures (BOM:544270), the current Beneish M-Score is -0.86 as of Aug. 03, 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.

Khyati Global Ventures Business Description

Address Gulmohar Cross Road No. 9, 54 Juhu, Supreme Shopping Centre, JVPD Scheme, Mumbai, MH, IND, 400049
Khyati Global Ventures Ltd is an exporter and re-packager of a variety of FMCG products which include sub-categories of foodstuff, non-food FMCG products, household products, festive handicraft items and it also deals in the pharmaceutical products.
37GF Score

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

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