Austere Systems (BOM:544505) Beneish M-Score: 0.66 (As of Aug. 26, 2026)

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BOM:544505 Austere Systems Ltd BOM:544505
22 GF Score
Price ₹41.00
! 2 Warning Signs
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What is Austere Systems Beneish M-Score?

Austere Systems BOM:544505 +2.50% 22 Beneish M-Score is 0.66 as of Aug. 26, 2026. GuruFocus rates BOM:544505 with a GF Score™ of 22/100. The stock has 2 warning signs investors should review. Among 2,638 Software companies, Austere Systems ranks worse than 94.43% 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 0.66 higher than -1.78, which implies that the company might have manipulated its financial results.

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

BOM:544505' s Beneish M-Score Range Over the Past 10 Years
Min: -2.33   Med: -0.84   Max: 0.66
Current: 0.66

During the past 4 years, the highest Beneish M-Score of Austere Systems was 0.66. The lowest was -2.33. And the median was -0.84.

Austere Systems Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Austere Systems'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.

Austere Systems Beneish M-Score Chart

Austere Systems Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -2.33 0.66

Austere Systems Semi-Annual Data
Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 -2.33 0.00 0.66

BOM:544505 vs IBM, ACN, FISV: Beneish M-Score Comparison

For the Information Technology Services subindustry, Austere Systems'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.

Austere Systems Beneish M-Score vs Software Industry

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

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


BOM:544505
22GF Score
Austere Systems Ltd BOM:544505
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Austere Systems 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 Austere Systems 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 * 1.0144+0.528 * 0.907+0.404 * 7.3224+0.892 * 1.197+0.115 * 1.8218
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.038685-0.327 * 1.0085
=0.66

* 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 ₹106.6 Mil.
Revenue was ₹222.9 Mil.
Gross Profit was ₹154.6 Mil.
Total Current Assets was ₹168.9 Mil.
Total Assets was ₹395.5 Mil.
Property, Plant and Equipment(Net PPE) was ₹23.4 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹5.0 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.0 Mil.
Total Current Liabilities was ₹41.2 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.
Net Income was ₹50.4 Mil.
Gross Profit was ₹0.0 Mil.
Cash Flow from Operations was ₹35.1 Mil.
 Total Receivables was ₹87.8 Mil.
Revenue was ₹186.2 Mil.
Gross Profit was ₹117.2 Mil.
Total Current Assets was ₹162.5 Mil.
Total Assets was ₹186.3 Mil.
Property, Plant and Equipment(Net PPE) was ₹10.8 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹5.1 Mil.
Selling, General, & Admin. Expense(SGA) was ₹54.2 Mil.
Total Current Liabilities was ₹17.7 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1.5 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)
=(106.554 / 222.887) / (87.756 / 186.205)
=0.478063 / 0.471287
=1.0144

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)
=(117.162 / 186.205) / (154.631 / 222.887)
=0.62921 / 0.693764
=0.907

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 - (168.879 + 23.425) / 395.504) / (1 - (162.452 + 10.753) / 186.275)
=0.513775 / 0.070165
=7.3224

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
=222.887 / 186.205
=1.197

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))
=(5.13 / (5.13 + 10.753)) / (5.048 / (5.048 + 23.425))
=0.322987 / 0.177291
=1.8218

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 / 222.887) / (54.222 / 186.205)
=0 / 0.291195
=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 + 41.168) / 395.504) / ((1.547 + 17.678) / 186.275)
=0.10409 / 0.103208
=1.0085

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
=(50.394 - 0 - 35.094) / 395.504
=0.038685

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.

Austere Systems has a M-score of 0.66 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 0.66 mean?
Austere Systems (BOM:544505) has a Beneish M-Score of 0.66 as of Aug. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Austere Systems and its competitors. According to the industry distribution chart, Austere Systems ranks #2491 out of 2638 companies in the Software industry, placing it in the top 94.4%.
Is Austere Systems' Beneish M-Score too high?
Austere Systems' current Beneish M-Score is 0.66. Based on the distribution chart, Austere Systems ranks #2491 out of 2638 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Austere Systems has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Austere Systems' Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, Austere Systems ranks #2491 out of 2638 companies for Beneish M-Score. This places Austere Systems 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 Austere Systems and its competitors. Austere Systems's current Beneish M-Score is 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Austere Systems stock overvalued right now?
Austere Systems (BOM:544505) has a current Beneish M-Score of 0.66. The current Beneish M-Score is 0.66. Austere Systems' overall GF Score™ is 22/100 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 Austere Systems (BOM:544505), the current Beneish M-Score is 0.66 as of Aug. 26, 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.

Austere Systems Business Description

Address Unit No:120, Vipul Plaza, Sector-54, 1st Floor, Suncity, Gurugram, HR, IND, 122002
Austere Systems Ltd specializes in an extensive array of services, including software development, Software as a Service (SaaS), mobile application development, information technology solutions, database management, ITenabled services, training and development, web development, web and portal operations, e-commerce platforms, ERP and MIS solutions, Data Analytics and AI Services, Process automation, Digital Transformation as well as data and document management storage. It is also engaged in reselling software products and providing business process outsourcing and knowledge management solutions, alongside IT consulting and advisory services.
22GF Score

Get the complete analysis for BOM:544505

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

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