Sampat Aluminium (BOM:544520) Beneish M-Score: 6.63 (As of Aug. 04, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:544520 Sampat Aluminium Ltd BOM:544520
13 GF Score
Price ₹36.90
! 5 Warning Signs
View Full Analysis

What is Sampat Aluminium Beneish M-Score?

Sampat Aluminium BOM:544520 13 Beneish M-Score is 6.63 as of Aug. 04, 2026. GuruFocus rates BOM:544520 with a GF Score™ of 13/100. The stock has 5 warning signs investors should review. Among 677 Metals & Mining companies, Sampat Aluminium ranks worse than 94.98% 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 6.63 higher than -1.78, which implies that the company might have manipulated its financial results.

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

BOM:544520' s Beneish M-Score Range Over the Past 10 Years
Min: -1.99   Med: -1.43   Max: 6.63
Current: 6.63

During the past 5 years, the highest Beneish M-Score of Sampat Aluminium was 6.63. The lowest was -1.99. And the median was -1.43.

Sampat Aluminium Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Sampat Aluminium'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.

Sampat Aluminium Beneish M-Score Chart

Sampat Aluminium Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -1.99 -1.43 6.63

Sampat Aluminium Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial -1.99 0.00 -1.43 0.00 6.63

BOM:544520 vs AA: Beneish M-Score Comparison

For the Aluminum subindustry, Sampat Aluminium'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.

Sampat Aluminium Beneish M-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sampat Aluminium's Beneish M-Score distribution charts can be found below:

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


BOM:544520
13GF Score
Sampat Aluminium Ltd BOM:544520
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sampat Aluminium 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 Sampat Aluminium 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 * 1.3327+0.528 * 1.5321+0.404 * 19.6619+0.892 * 1.3413+0.115 * 0.5246
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.09715-0.327 * 0.674
=6.63

* 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 ₹357 Mil.
Revenue was ₹1,780 Mil.
Gross Profit was ₹109 Mil.
Total Current Assets was ₹793 Mil.
Total Assets was ₹1,039 Mil.
Property, Plant and Equipment(Net PPE) was ₹28 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹1 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹388 Mil.
Long-Term Debt & Capital Lease Obligation was ₹83 Mil.
Net Income was ₹59 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-41 Mil.
 Total Receivables was ₹200 Mil.
Revenue was ₹1,327 Mil.
Gross Profit was ₹124 Mil.
Total Current Assets was ₹638 Mil.
Total Assets was ₹700 Mil.
Property, Plant and Equipment(Net PPE) was ₹55 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹1 Mil.
Selling, General, & Admin. Expense(SGA) was ₹1 Mil.
Total Current Liabilities was ₹378 Mil.
Long-Term Debt & Capital Lease Obligation was ₹93 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)
=(357.345 / 1780.098) / (199.92 / 1327.185)
=0.200745 / 0.150635
=1.3327

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)
=(124.079 / 1327.185) / (108.622 / 1780.098)
=0.09349 / 0.06102
=1.5321

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 - (792.824 + 27.695) / 1038.54) / (1 - (637.757 + 55.073) / 700.307)
=0.20993 / 0.010677
=19.6619

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
=1780.098 / 1327.185
=1.3413

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))
=(1.08 / (1.08 + 55.073)) / (1.054 / (1.054 + 27.695))
=0.019233 / 0.036662
=0.5246

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 / 1780.098) / (0.666 / 1327.185)
=0 / 0.000502
=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)
=((82.978 + 388.221) / 1038.54) / ((93.351 + 378.097) / 700.307)
=0.453713 / 0.673202
=0.674

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
=(59.431 - 0 - -41.463) / 1038.54
=0.09715

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.

Sampat Aluminium has a M-score of 6.63 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 6.63 mean?
Sampat Aluminium (BOM:544520) has a Beneish M-Score of 6.63 as of Aug. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sampat Aluminium and its competitors. According to the industry distribution chart, Sampat Aluminium ranks #643 out of 677 companies in the Metals & Mining industry, placing it in the top 95%.
Is Sampat Aluminium's Beneish M-Score too high?
Sampat Aluminium's current Beneish M-Score is 6.63. Based on the distribution chart, Sampat Aluminium ranks #643 out of 677 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Sampat Aluminium has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Sampat Aluminium's Beneish M-Score compare to AA?
According to the Metals & Mining industry distribution chart, Sampat Aluminium ranks #643 out of 677 companies for Beneish M-Score. This places Sampat Aluminium 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 Metals & Mining company?
A good Beneish M-Score depends on the Metals & Mining 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 Sampat Aluminium and its competitors. Sampat Aluminium's current Beneish M-Score is 6.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sampat Aluminium stock overvalued right now?
Sampat Aluminium (BOM:544520) has a current Beneish M-Score of 6.63. The current Beneish M-Score is 6.63. Sampat Aluminium's overall GF Score™ is 13/100 with 5 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 Sampat Aluminium (BOM:544520), the current Beneish M-Score is 6.63 as of Aug. 04, 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.

Sampat Aluminium Business Description

Address Block No 265, Rakanpur, Opposite Manpasand Waybridge, Kalol, Gandhi Nagar, GJ, IND, 382721
Sampat Aluminium Ltd is engaged in the manufacturing of aluminium long products i.e. aluminium wires and aluminium rods, principally through the procurement of Aluminium ingots, rods, wires and also by recycling of aluminium scrap. It manufactures a wide range of continuously cast and hot-rolled aluminium products, utilising the 'Properzi process'. Its Product Portfolio consists of Aluminium Wire in sizes of 5.5 MM and 6.5 MM and Aluminium Rods in sizes of 7.5 MM, 9.5 MM, 12.5 MM, 16 MM & 20 MM as per customer specifications.
13GF Score

Get the complete analysis for BOM:544520

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

₹36.90
Price