Yash Highvoltage (BOM:544310) Beneish M-Score: -0.36 (As of Jul. 03, 2026)


BOM:544310 Yash Highvoltage Ltd BOM:544310
20 GF Score
Price ₹874.15
! 8 Warning Signs
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What is Yash Highvoltage Beneish M-Score?

Yash Highvoltage BOM:544310 -0.63% 20 Beneish M-Score is -0.36 as of Jul. 03, 2026. GuruFocus rates BOM:544310 with a GF Score™ of 20/100. The stock has 8 warning signs investors should review. Among 2,918 Industrial Products companies, Yash Highvoltage ranks worse than 95.65% 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 -0.36 higher than -1.78, which implies that the company might have manipulated its financial results.

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

BOM:544310' s Beneish M-Score Range Over the Past 10 Years
Min: -2.31   Med: -1.34   Max: -0.36
Current: -0.36

During the past 5 years, the highest Beneish M-Score of Yash Highvoltage was -0.36. The lowest was -2.31. And the median was -1.34.

Yash Highvoltage Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Yash Highvoltage'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.

Yash Highvoltage Beneish M-Score Chart

Yash Highvoltage Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -2.31 -1.34 -0.36

Yash Highvoltage Semi-Annual Data
Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial -2.31 0.00 -1.34 0.00 -0.36

BOM:544310 vs VRT, BE: Beneish M-Score Comparison

For the Electrical Equipment & Parts subindustry, Yash Highvoltage'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.

Yash Highvoltage Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Yash Highvoltage's Beneish M-Score distribution charts can be found below:

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


BOM:544310
20GF Score
Yash Highvoltage Ltd BOM:544310
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Yash Highvoltage 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 Yash Highvoltage 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 * 0.6972+0.528 * 0.9692+0.404 * 4.206+0.892 * 1.5722+0.115 * 0.8055
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.107795-0.327 * 1.1264
=-0.36

* 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 ₹306 Mil.
Revenue was ₹2,352 Mil.
Gross Profit was ₹1,098 Mil.
Total Current Assets was ₹1,324 Mil.
Total Assets was ₹2,644 Mil.
Property, Plant and Equipment(Net PPE) was ₹946 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹63 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹677 Mil.
Long-Term Debt & Capital Lease Obligation was ₹121 Mil.
Net Income was ₹373 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹88 Mil.
 Total Receivables was ₹279 Mil.
Revenue was ₹1,496 Mil.
Gross Profit was ₹677 Mil.
Total Current Assets was ₹1,380 Mil.
Total Assets was ₹2,027 Mil.
Property, Plant and Equipment(Net PPE) was ₹578 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹31 Mil.
Selling, General, & Admin. Expense(SGA) was ₹137 Mil.
Total Current Liabilities was ₹480 Mil.
Long-Term Debt & Capital Lease Obligation was ₹63 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)
=(305.68 / 2351.608) / (278.882 / 1495.738)
=0.129988 / 0.186451
=0.6972

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)
=(676.906 / 1495.738) / (1098.048 / 2351.608)
=0.452557 / 0.466935
=0.9692

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 - (1324.49 + 945.944) / 2644.184) / (1 - (1380.169 + 578.493) / 2026.774)
=0.141348 / 0.033606
=4.206

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
=2351.608 / 1495.738
=1.5722

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))
=(30.782 / (30.782 + 578.493)) / (63.3 / (63.3 + 945.944))
=0.050522 / 0.06272
=0.8055

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 / 2351.608) / (137.394 / 1495.738)
=0 / 0.091857
=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)
=((120.907 + 677.093) / 2644.184) / ((63.478 + 479.529) / 2026.774)
=0.301794 / 0.267917
=1.1264

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
=(373.232 - 0 - 88.202) / 2644.184
=0.107795

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.

Yash Highvoltage has a M-score of -0.36 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 -0.36 mean?
Yash Highvoltage (BOM:544310) has a Beneish M-Score of -0.36 as of Jul. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yash Highvoltage and its competitors. According to the industry distribution chart, Yash Highvoltage ranks #2791 out of 2918 companies in the Industrial Products industry, placing it in the top 95.6%.
Is Yash Highvoltage's Beneish M-Score too high?
Yash Highvoltage's current Beneish M-Score is -0.36. Based on the distribution chart, Yash Highvoltage ranks #2791 out of 2918 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Yash Highvoltage has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Yash Highvoltage's Beneish M-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Yash Highvoltage ranks #2791 out of 2918 companies for Beneish M-Score. This places Yash Highvoltage 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Yash Highvoltage and its competitors. Yash Highvoltage's current Beneish M-Score is -0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yash Highvoltage stock overvalued right now?
Yash Highvoltage (BOM:544310) has a current Beneish M-Score of -0.36. The current Beneish M-Score is -0.36. Yash Highvoltage's overall GF Score™ is 20/100 with 8 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 Yash Highvoltage (BOM:544310), the current Beneish M-Score is -0.36 as of Jul. 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.

Yash Highvoltage Business Description

Address Dr. Vikram Sarabhai Marg, 601-603, 6th floor, Ozone Complex, Sarabhai Compound, Subhanpura, Vadodara, GJ, IND, 390023
Yash Highvoltage Ltd is engaged in the manufacturing and distribution of transformer bushings - Oil Impregnated Paper [OIP] condenser bushing, Resin Impregnated Paper [RIP]/Resin Impregnated Synthetic [RIS] condenser bushing, High Voltage and High Current bushing, OIP Wall bushing and Oil to Oil bushing. It also undertakes repairing, retrofitting and replacement services of old bushings.
20GF Score

Get the complete analysis for BOM:544310

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

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