Abram Food (BOM:544422) Beneish M-Score: 1.17 (As of Jul. 06, 2026) — Near Median


BOM:544422 Abram Food Ltd BOM:544422
28 GF Score
Price ₹58.31
! 4 Warning Signs
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What is Abram Food Beneish M-Score?

Abram Food BOM:544422 -4.99% 28 Beneish M-Score is 1.17 as of Jul. 06, 2026, which is at its 10-year median of 1.17. GuruFocus rates BOM:544422 with a GF Score™ of 28/100. The stock has 4 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, Abram Food ranks worse than 96.05% 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 1.17 higher than -1.78, which implies that the company might have manipulated its financial results.

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

BOM:544422' s Beneish M-Score Range Over the Past 10 Years
Min: 1.17   Med: 1.17   Max: 1.17
Current: 1.17

During the past 5 years, the highest Beneish M-Score of Abram Food was 1.17. The lowest was 1.17. And the median was 1.17.

Abram Food Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Abram Food'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.

Abram Food Beneish M-Score Chart

Abram Food Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 0.00 0.00 1.17

Abram Food Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 1.17

BOM:544422 vs KHC, GIS: Beneish M-Score Comparison

For the Packaged Foods subindustry, Abram Food'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.

Abram Food Beneish M-Score vs Consumer Packaged Goods Industry

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

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


BOM:544422
28GF Score
Abram Food Ltd BOM:544422
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Abram Food 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 Abram Food 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 * 1.1961+0.528 * 1.9737+0.404 * 0.5238+0.892 * 1.7506+0.115 * 0.869
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.479679-0.327 * 0.7795
=1.17

* 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 ₹182 Mil.
Revenue was ₹1,121 Mil.
Gross Profit was ₹54 Mil.
Total Current Assets was ₹351 Mil.
Total Assets was ₹384 Mil.
Property, Plant and Equipment(Net PPE) was ₹34 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹5 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹150 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2 Mil.
Net Income was ₹24 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-161 Mil.
 Total Receivables was ₹87 Mil.
Revenue was ₹640 Mil.
Gross Profit was ₹61 Mil.
Total Current Assets was ₹149 Mil.
Total Assets was ₹171 Mil.
Property, Plant and Equipment(Net PPE) was ₹22 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹3 Mil.
Selling, General, & Admin. Expense(SGA) was ₹1 Mil.
Total Current Liabilities was ₹85 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2 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)
=(182.176 / 1121.178) / (87 / 640.449)
=0.162486 / 0.135842
=1.1961

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)
=(60.602 / 640.449) / (53.753 / 1121.178)
=0.094624 / 0.047943
=1.9737

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 - (350.557 + 33.831) / 384.409) / (1 - (148.594 + 22.284) / 170.896)
=5.5E-5 / 0.000105
=0.5238

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
=1121.178 / 640.449
=1.7506

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))
=(2.919 / (2.919 + 22.284)) / (5.202 / (5.202 + 33.831))
=0.11582 / 0.133272
=0.869

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 / 1121.178) / (0.639 / 640.449)
=0 / 0.000998
=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)
=((2.021 + 149.543) / 384.409) / ((1.868 + 84.573) / 170.896)
=0.394278 / 0.505811
=0.7795

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
=(23.506 - 0 - -160.887) / 384.409
=0.479679

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.

Abram Food has a M-score of 1.17 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 1.17 mean?
Abram Food (BOM:544422) has a Beneish M-Score of 1.17 as of Jul. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Abram Food and its competitors. This is near median its historical median of 1.17. Over the past decade, Abram Food's Beneish M-Score has ranged from 1.17 to 1.17. According to the industry distribution chart, Abram Food ranks #1776 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 96.1%.
Is Abram Food's Beneish M-Score too high?
Abram Food's current Beneish M-Score of 1.17 is near median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 1.17. Based on the distribution chart, Abram Food ranks #1776 out of 1849 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Abram Food has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Abram Food's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Abram Food ranks #1776 out of 1849 companies for Beneish M-Score. This places Abram Food in the lower half of its industry. Historically, Abram Food's own Beneish M-Score has ranged from 1.17 to 1.17 over the past decade. 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 Abram Food and its competitors. Abram Food's current Beneish M-Score is 1.17, which is near median its own 10-year median of 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Abram Food stock overvalued right now?
Abram Food (BOM:544422) has a current Beneish M-Score of 1.17. The current Beneish M-Score is 1.17, which is near median its 10-year median of 1.17. Abram Food's overall GF Score™ is 28/100 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 Abram Food (BOM:544422), the current Beneish M-Score is 1.17 as of Jul. 06, 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.

Abram Food Business Description

Address Netaji Subhash Place, 605, Pearl Business Park, Near Fun Cinema, Pitampura, New Delhi, IND, 110034
Abram Food Ltd is engaged in the manufacturing and trading of Chana Dal, Flour (Chakki Atta), Besan, Multi-Grain Atta, Maida, Sooji, Spices, Cattle Feed (Khal) and edible oils in its product range and market & sell it in Rajasthan, Delhi /NCR and Uttar Pradesh under the brand name of Kherliwala through its distributors. It also provides Chana Dal, Atta, Besan, Chana Churi, and Cattle Feed (Khal) to distributors in bulk quantities ranging from 30 to 50 kg packaging to sell in loose quantities to end customers through retail outlets.
28GF 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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