3B Films (BOM:544412) Beneish M-Score: -1.54 (As of Aug. 08, 2026)

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BOM:544412 3B Films Ltd BOM:544412
7 GF Score
Price ₹14.90
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What is 3B Films Beneish M-Score?

3B Films BOM:544412 -4.97% 7 Beneish M-Score is -1.54 as of Aug. 08, 2026. GuruFocus rates BOM:544412 with a GF Score™ of 7/100. The stock has 9 warning signs investors should review. Among 1,528 Chemicals companies, 3B Films ranks worse than 88.42% 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 -1.54 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for 3B Films's Beneish M-Score or its related term are showing as below:

BOM:544412' s Beneish M-Score Range Over the Past 10 Years
Min: -1.54   Med: -1.23   Max: 1.81
Current: -1.54

During the past 5 years, the highest Beneish M-Score of 3B Films was 1.81. The lowest was -1.54. And the median was -1.23.

3B Films Beneish M-Score Historical Data

* Premium members only.

The historical data trend for 3B Films'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.

3B Films Beneish M-Score Chart

3B Films Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 1.81 -1.23 -1.54

3B Films Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial 1.81 0.00 -1.23 0.00 -1.54

BOM:544412 vs LIN, SHW, ECL: Beneish M-Score Comparison

For the Specialty Chemicals subindustry, 3B Films'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.

3B Films Beneish M-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, 3B Films's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where 3B Films's Beneish M-Score falls into.


BOM:544412
7GF Score
3B Films Ltd BOM:544412
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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3B Films 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 3B Films 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 * 2.2991+0.528 * 0.8968+0.404 * 1.2081+0.892 * 0.7031+0.115 * 0.8473
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.7467+4.679 * 0.019111-0.327 * 0.8995
=-1.54

* 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 ₹330.9 Mil.
Revenue was ₹599.8 Mil.
Gross Profit was ₹150.1 Mil.
Total Current Assets was ₹914.6 Mil.
Total Assets was ₹1,803.8 Mil.
Property, Plant and Equipment(Net PPE) was ₹780.1 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹59.1 Mil.
Selling, General, & Admin. Expense(SGA) was ₹9.4 Mil.
Total Current Liabilities was ₹550.1 Mil.
Long-Term Debt & Capital Lease Obligation was ₹699.4 Mil.
Net Income was ₹18.4 Mil.
Gross Profit was ₹0.0 Mil.
Cash Flow from Operations was ₹-16.0 Mil.
 Total Receivables was ₹204.7 Mil.
Revenue was ₹853.1 Mil.
Gross Profit was ₹191.4 Mil.
Total Current Assets was ₹778.6 Mil.
Total Assets was ₹1,627.8 Mil.
Property, Plant and Equipment(Net PPE) was ₹767.7 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹48.8 Mil.
Selling, General, & Admin. Expense(SGA) was ₹7.6 Mil.
Total Current Liabilities was ₹595.5 Mil.
Long-Term Debt & Capital Lease Obligation was ₹658.1 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)
=(330.93 / 599.828) / (204.712 / 853.075)
=0.551708 / 0.23997
=2.2991

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)
=(191.388 / 853.075) / (150.055 / 599.828)
=0.224351 / 0.250163
=0.8968

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 - (914.553 + 780.13) / 1803.804) / (1 - (778.618 + 767.659) / 1627.789)
=0.060495 / 0.050075
=1.2081

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
=599.828 / 853.075
=0.7031

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))
=(48.75 / (48.75 + 767.659)) / (59.147 / (59.147 + 780.13))
=0.059713 / 0.070474
=0.8473

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)
=(9.351 / 599.828) / (7.614 / 853.075)
=0.015589 / 0.008925
=1.7467

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)
=((699.442 + 550.091) / 1803.804) / ((658.096 + 595.48) / 1627.789)
=0.692721 / 0.77011
=0.8995

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
=(18.434 - 0 - -16.039) / 1803.804
=0.019111

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.

3B Films has a M-score of -1.54 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 -1.54 mean?
3B Films (BOM:544412) has a Beneish M-Score of -1.54 as of Aug. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on 3B Films and its competitors. According to the industry distribution chart, 3B Films ranks #1351 out of 1528 companies in the Chemicals industry, placing it in the top 88.4%.
Is 3B Films' Beneish M-Score too high?
3B Films' current Beneish M-Score is -1.54. Based on the distribution chart, 3B Films ranks #1351 out of 1528 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, 3B Films has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does 3B Films' Beneish M-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, 3B Films ranks #1351 out of 1528 companies for Beneish M-Score. This places 3B Films 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 Chemicals company?
A good Beneish M-Score depends on the Chemicals 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 3B Films and its competitors. 3B Films's current Beneish M-Score is -1.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 3B Films stock overvalued right now?
3B Films (BOM:544412) has a current Beneish M-Score of -1.54. The current Beneish M-Score is -1.54. 3B Films' overall GF Score™ is 7/100 with 9 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 3B Films (BOM:544412), the current Beneish M-Score is -1.54 as of Aug. 08, 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.

3B Films Business Description

Address Padra Jambusar Highway, Block No 1241, 1242, 1243, 1244, Masar, Padra, Vadodara, GJ, IND, 391421
3B Films Ltd is engaged in the manufacturing and supply of CPP & CPE films tailored to meet the diverse needs of the flexible packaging industry and high-end thermoforming applications. Its product portfolio includes a range of CPP films such as Transparent CPP Films, White Opaque CPP Films, Metallized CPP Films, etc., designed to address the specific needs of various industries, including food and beverage, clothing, flowers, and other consumer goods. Geographically, the company generates maximum revenue from the Domestic market and also exports its products to other countries.
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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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