Meta Infotech (BOM:544441) Beneish M-Score: -0.04 (As of Jun. 28, 2026)


BOM:544441 Meta Infotech Ltd BOM:544441
18 GF Score
Price ₹81.00
! 2 Warning Signs
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What is Meta Infotech Beneish M-Score?

Meta Infotech BOM:544441 -3.66% 18 Beneish M-Score is -0.04 as of Jun. 28, 2026. GuruFocus rates BOM:544441 with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 2,632 Software companies, Meta Infotech ranks worse than 93.12% 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 -0.04 higher than -1.78, which implies that the company might have manipulated its financial results.

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

BOM:544441' s Beneish M-Score Range Over the Past 10 Years
Min: -1.75   Med: -0.9   Max: -0.04
Current: -0.04

During the past 5 years, the highest Beneish M-Score of Meta Infotech was -0.04. The lowest was -1.75. And the median was -0.90.

Meta Infotech Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Meta Infotech'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.

Meta Infotech Beneish M-Score Chart

Meta Infotech Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -1.75 0.00 -0.04

Meta Infotech Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial -1.75 0.00 0.00 0.00 -0.04

BOM:544441 vs MSFT, ORCL, PLTR: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, Meta Infotech'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.

Meta Infotech Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Meta Infotech's Beneish M-Score distribution charts can be found below:

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


BOM:544441
18GF Score
Meta Infotech Ltd BOM:544441
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Meta Infotech 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 Meta Infotech 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 * 2.3637+0.528 * 1.2533+0.404 * 1.4734+0.892 * 1.2341+0.115 * 0.5143
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.121161-0.327 * 1.1035
=-0.04

* 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 ₹664 Mil.
Revenue was ₹2,700 Mil.
Gross Profit was ₹312 Mil.
Total Current Assets was ₹907 Mil.
Total Assets was ₹1,286 Mil.
Property, Plant and Equipment(Net PPE) was ₹155 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹25 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹536 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 Mil.
Net Income was ₹109 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-47 Mil.
 Total Receivables was ₹228 Mil.
Revenue was ₹2,188 Mil.
Gross Profit was ₹317 Mil.
Total Current Assets was ₹365 Mil.
Total Assets was ₹744 Mil.
Property, Plant and Equipment(Net PPE) was ₹291 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹23 Mil.
Selling, General, & Admin. Expense(SGA) was ₹24 Mil.
Total Current Liabilities was ₹249 Mil.
Long-Term Debt & Capital Lease Obligation was ₹32 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)
=(664.327 / 2700.407) / (227.744 / 2188.236)
=0.24601 / 0.104077
=2.3637

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)
=(317.106 / 2188.236) / (312.239 / 2700.407)
=0.144914 / 0.115627
=1.2533

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 - (907.189 + 155.458) / 1286.3) / (1 - (364.938 + 291.045) / 743.754)
=0.173873 / 0.118011
=1.4734

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
=2700.407 / 2188.236
=1.2341

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))
=(22.665 / (22.665 + 291.045)) / (25.409 / (25.409 + 155.458))
=0.072248 / 0.140484
=0.5143

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 / 2700.407) / (23.529 / 2188.236)
=0 / 0.010752
=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 + 535.851) / 1286.3) / ((31.722 + 249.041) / 743.754)
=0.416583 / 0.377494
=1.1035

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
=(108.836 - 0 - -47.014) / 1286.3
=0.121161

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.

Meta Infotech has a M-score of -0.04 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 -0.04 mean?
Meta Infotech (BOM:544441) has a Beneish M-Score of -0.04 as of Jun. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Meta Infotech and its competitors. According to the industry distribution chart, Meta Infotech ranks #2451 out of 2632 companies in the Software industry, placing it in the top 93.1%.
Is Meta Infotech's Beneish M-Score too high?
Meta Infotech's current Beneish M-Score is -0.04. Based on the distribution chart, Meta Infotech ranks #2451 out of 2632 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Meta Infotech has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Meta Infotech's Beneish M-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Meta Infotech ranks #2451 out of 2632 companies for Beneish M-Score. This places Meta Infotech 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 Software company?
A good Beneish M-Score depends on the Software 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 Meta Infotech and its competitors. Meta Infotech's current Beneish M-Score is -0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meta Infotech stock overvalued right now?
Meta Infotech (BOM:544441) has a current Beneish M-Score of -0.04. The current Beneish M-Score is -0.04. Meta Infotech's overall GF Score™ is 18/100 with 2 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 Meta Infotech (BOM:544441), the current Beneish M-Score is -0.04 as of Jun. 28, 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.

Meta Infotech Business Description

Address Ackruti Star, Opposite Ackruti Centre Point, 118/119, first floor, MIDC, Andheri East, Mumbai, MH, IND, 400093
Meta Infotech Ltd is involved in the business of providing cybersecurity solutions to various organizations across India. The company delivers comprehensive cybersecurity solutions and services for protection and maintaining integrity of information and systems. It provide services to diversified industries such as Banking, Capital Market, NBFC, IT/ITES, Cybersecurity, Automobile, Insurance, Pharmaceutical, FMCG, Real Estate, Hospitality, Manufacturing and Other conglomerates etc. The company procure the cybersecurity products from various international OEMs who develop solutions to ensure secure access, defense for web applications, cloud workload protection etc.
18GF 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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