Solvex Edibles (BOM:544539) Beneish M-Score: -2.00 (As of Jul. 15, 2026)

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BOM:544539 Solvex Edibles Ltd BOM:544539
12 GF Score
Price ₹23.33
! 4 Warning Signs
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What is Solvex Edibles Beneish M-Score?

Solvex Edibles BOM:544539 -1.97% 12 Beneish M-Score is -2.00 as of Jul. 15, 2026. GuruFocus rates BOM:544539 with a GF Score™ of 12/100. The stock has 4 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, Solvex Edibles ranks worse than 78.1% 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.

Good Sign:

Beneish M-Score -2 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BOM:544539' s Beneish M-Score Range Over the Past 10 Years
Min: -2   Med: -1.21   Max: 0.22
Current: -2

During the past 5 years, the highest Beneish M-Score of Solvex Edibles was 0.22. The lowest was -2.00. And the median was -1.21.

Solvex Edibles Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Solvex Edibles'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.

Solvex Edibles Beneish M-Score Chart

Solvex Edibles Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 0.22 -1.21 -2.00

Solvex Edibles Semi-Annual Data
Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score 0.00 0.00 0.22 -1.21 -2.00

BOM:544539 vs KHC, GIS: Beneish M-Score Comparison

For the Packaged Foods subindustry, Solvex Edibles'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.

Solvex Edibles Beneish M-Score vs Consumer Packaged Goods Industry

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

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


BOM:544539
12GF Score
Solvex Edibles Ltd BOM:544539
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Solvex Edibles 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 Solvex Edibles 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 * 0.6816+0.528 * 1.4577+0.404 * 1.2902+0.892 * 1.1387+0.115 * 1.017
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.014826-0.327 * 0.8565
=-2.00

* 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 ₹141 Mil.
Revenue was ₹1,543 Mil.
Gross Profit was ₹165 Mil.
Total Current Assets was ₹934 Mil.
Total Assets was ₹1,141 Mil.
Property, Plant and Equipment(Net PPE) was ₹140 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹23 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹612 Mil.
Long-Term Debt & Capital Lease Obligation was ₹151 Mil.
Net Income was ₹1 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-16 Mil.
 Total Receivables was ₹181 Mil.
Revenue was ₹1,355 Mil.
Gross Profit was ₹211 Mil.
Total Current Assets was ₹715 Mil.
Total Assets was ₹920 Mil.
Property, Plant and Equipment(Net PPE) was ₹163 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹27 Mil.
Selling, General, & Admin. Expense(SGA) was ₹32 Mil.
Total Current Liabilities was ₹535 Mil.
Long-Term Debt & Capital Lease Obligation was ₹184 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)
=(140.808 / 1542.562) / (181.402 / 1354.615)
=0.091282 / 0.133914
=0.6816

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)
=(210.687 / 1354.615) / (164.584 / 1542.562)
=0.155533 / 0.106695
=1.4577

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 - (933.872 + 140.312) / 1141.219) / (1 - (715.332 + 163.234) / 920.474)
=0.05874 / 0.045529
=1.2902

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
=1542.562 / 1354.615
=1.1387

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))
=(27.195 / (27.195 + 163.234)) / (22.921 / (22.921 + 140.312))
=0.142809 / 0.140419
=1.017

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 / 1542.562) / (32.072 / 1354.615)
=0 / 0.023676
=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)
=((151.161 + 612.144) / 1141.219) / ((183.746 + 535.03) / 920.474)
=0.668851 / 0.780876
=0.8565

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
=(0.71 - 0 - -16.21) / 1141.219
=0.014826

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.

Solvex Edibles has a M-score of -2.00 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.00 mean?
Solvex Edibles (BOM:544539) has a Beneish M-Score of -2.00 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Solvex Edibles and its competitors. According to the industry distribution chart, Solvex Edibles ranks #1444 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 78.1%.
Is Solvex Edibles' Beneish M-Score too high?
Solvex Edibles' current Beneish M-Score is -2.00. Based on the distribution chart, Solvex Edibles ranks #1444 out of 1849 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Solvex Edibles has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Solvex Edibles' Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Solvex Edibles ranks #1444 out of 1849 companies for Beneish M-Score. This places Solvex Edibles 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 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 Solvex Edibles and its competitors. Solvex Edibles's current Beneish M-Score is -2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solvex Edibles stock overvalued right now?
Solvex Edibles (BOM:544539) has a current Beneish M-Score of -2.00. The current Beneish M-Score is -2.00. Solvex Edibles' overall GF Score™ is 12/100 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 Solvex Edibles (BOM:544539), the current Beneish M-Score is -2.00 as of Jul. 15, 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.

Solvex Edibles Business Description

Address Kemri Road, Rampur, Bilaspur, CT, IND, 244921
Solvex Edibles Ltd is engaged in the manufacturing, distribution, marketing and selling of Solvent Extracted Rice Bran Oil and other by products such as De-oiled Cakes - Rice Bran, Rice Bran and Mustared Oil, Mustard Cakes, Deoiled Mustared Cakes.
12GF Score

Get the complete analysis for BOM:544539

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

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