Parmeshwar Metal (BOM:544330) Beneish M-Score: -1.60 (As of Aug. 13, 2026)

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BOM:544330 Parmeshwar Metal Ltd BOM:544330
47 GF Score
Price ₹194.95
! 4 Warning Signs
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What is Parmeshwar Metal Beneish M-Score?

Parmeshwar Metal BOM:544330 +2.61% 47 Beneish M-Score is -1.60 as of Aug. 13, 2026. GuruFocus rates BOM:544330 with a GF Score™ of 47/100. The stock has 4 warning signs investors should review. Among 2,907 Industrial Products companies, Parmeshwar Metal ranks worse than 87.17% 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 -1.6 higher than -1.78, which implies that the company might have manipulated its financial results.

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

BOM:544330' s Beneish M-Score Range Over the Past 10 Years
Min: -1.98   Med: -1.56   Max: -1.3
Current: -1.6

During the past 6 years, the highest Beneish M-Score of Parmeshwar Metal was -1.30. The lowest was -1.98. And the median was -1.56.

Parmeshwar Metal Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Parmeshwar Metal'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.

Parmeshwar Metal Beneish M-Score Chart

Parmeshwar Metal Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial 0.00 -1.30 -1.98 -1.51 -1.60

Parmeshwar Metal Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial -1.98 0.00 -1.51 0.00 -1.60

BOM:544330 vs VRT, BE: Beneish M-Score Comparison

For the Electrical Equipment & Parts subindustry, Parmeshwar Metal'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.

Parmeshwar Metal Beneish M-Score vs Industrial Products Industry

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

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


BOM:544330
47GF Score
Parmeshwar Metal Ltd BOM:544330
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Parmeshwar Metal 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 Parmeshwar Metal 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 * 1.1551+0.528 * 0.7264+0.404 * 1.1893+0.892 * 1.4272+0.115 * 1.0591
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.077773-0.327 * 1.368
=-1.60

* 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 ₹542 Mil.
Revenue was ₹19,729 Mil.
Gross Profit was ₹718 Mil.
Total Current Assets was ₹1,230 Mil.
Total Assets was ₹1,396 Mil.
Property, Plant and Equipment(Net PPE) was ₹143 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹11 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹366 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 Mil.
Net Income was ₹325 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹216 Mil.
 Total Receivables was ₹329 Mil.
Revenue was ₹13,824 Mil.
Gross Profit was ₹365 Mil.
Total Current Assets was ₹761 Mil.
Total Assets was ₹890 Mil.
Property, Plant and Equipment(Net PPE) was ₹116 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹10 Mil.
Selling, General, & Admin. Expense(SGA) was ₹28 Mil.
Total Current Liabilities was ₹170 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 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)
=(541.725 / 19729.416) / (328.622 / 13824.337)
=0.027458 / 0.023771
=1.1551

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)
=(365.342 / 13824.337) / (717.745 / 19729.416)
=0.026427 / 0.036379
=0.7264

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 - (1229.721 + 142.784) / 1396.04) / (1 - (761.146 + 115.879) / 889.636)
=0.016858 / 0.014175
=1.1893

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
=19729.416 / 13824.337
=1.4272

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))
=(9.521 / (9.521 + 115.879)) / (11.026 / (11.026 + 142.784))
=0.075925 / 0.071686
=1.0591

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 / 19729.416) / (28.188 / 13824.337)
=0 / 0.002039
=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)
=((0 + 365.726) / 1396.04) / ((0 + 170.365) / 889.636)
=0.261974 / 0.1915
=1.368

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
=(324.937 - 0 - 216.363) / 1396.04
=0.077773

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.

Parmeshwar Metal has a M-score of -1.60 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 -1.60 mean?
Parmeshwar Metal (BOM:544330) has a Beneish M-Score of -1.60 as of Aug. 13, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Parmeshwar Metal and its competitors. According to the industry distribution chart, Parmeshwar Metal ranks #2534 out of 2907 companies in the Industrial Products industry, placing it in the top 87.2%.
Is Parmeshwar Metal's Beneish M-Score too high?
Parmeshwar Metal's current Beneish M-Score is -1.60. Based on the distribution chart, Parmeshwar Metal ranks #2534 out of 2907 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Parmeshwar Metal has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Parmeshwar Metal's Beneish M-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Parmeshwar Metal ranks #2534 out of 2907 companies for Beneish M-Score. This places Parmeshwar Metal 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 Parmeshwar Metal and its competitors. Parmeshwar Metal's current Beneish M-Score is -1.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Parmeshwar Metal stock overvalued right now?
Parmeshwar Metal (BOM:544330) has a current Beneish M-Score of -1.60. The current Beneish M-Score is -1.60. Parmeshwar Metal's overall GF Score™ is 47/100 with 4 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 Parmeshwar Metal (BOM:544330), the current Beneish M-Score is -1.60 as of Aug. 13, 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.

Parmeshwar Metal Business Description

Address E425, east, 4th Floor, Siddharaj Z Square, Opposite the Landmark, Kudasan, Gandhinagar, GJ, IND, 382421
Parmeshwar Metal Ltd is engaged in the business of manufacturing copper wire and copper wire rods by recycling copper scrap. The company manufactures copper wire and copper wire rods that include power cables, building wires, transformers, and automotive industry, household cables, as well as bare and enameled wires. The Company at present is engaged in one segment, which is the manufacturing and trading of copper wire and copper wire rods by recycling of copper scrap and various types of metals, other metallic substances, and other related products.
47GF Score

Get the complete analysis for BOM:544330

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

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