Ameenji Rubber (BOM:544555) Beneish M-Score: -1.58 (As of Aug. 05, 2026)

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BOM:544555 Ameenji Rubber Ltd BOM:544555
14 GF Score
Price ₹140.00
! 3 Warning Signs
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What is Ameenji Rubber Beneish M-Score?

Ameenji Rubber BOM:544555 14 Beneish M-Score is -1.58 as of Aug. 05, 2026. GuruFocus rates BOM:544555 with a GF Score™ of 14/100. The stock has 3 warning signs investors should review. Among 969 Transportation companies, Ameenji Rubber ranks worse than 87.2% 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 -1.58 higher than -1.78, which implies that the company might have manipulated its financial results.

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

BOM:544555' s Beneish M-Score Range Over the Past 10 Years
Min: -2.59   Med: -1.78   Max: -1.58
Current: -1.58

During the past 5 years, the highest Beneish M-Score of Ameenji Rubber was -1.58. The lowest was -2.59. And the median was -1.78.

Ameenji Rubber Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Ameenji Rubber'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.

Ameenji Rubber Beneish M-Score Chart

Ameenji Rubber Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -1.78 -2.59 -1.58

Ameenji Rubber Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial -1.78 0.00 -2.59 0.00 -1.58

BOM:544555 vs UNP, CSX, NSC: Beneish M-Score Comparison

For the Railroads subindustry, Ameenji Rubber'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.

Ameenji Rubber Beneish M-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Ameenji Rubber's Beneish M-Score distribution charts can be found below:

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


BOM:544555
14GF Score
Ameenji Rubber Ltd BOM:544555
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Ameenji Rubber 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 Ameenji Rubber 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 * 1.1307+0.528 * 1.295+0.404 * 0.8706+0.892 * 1.3104+0.115 * 1.1113
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.032457-0.327 * 0.7929
=-1.58

* 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 ₹252 Mil.
Revenue was ₹1,232 Mil.
Gross Profit was ₹450 Mil.
Total Current Assets was ₹853 Mil.
Total Assets was ₹1,448 Mil.
Property, Plant and Equipment(Net PPE) was ₹542 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹50 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹650 Mil.
Long-Term Debt & Capital Lease Obligation was ₹247 Mil.
Net Income was ₹63 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹16 Mil.
 Total Receivables was ₹170 Mil.
Revenue was ₹941 Mil.
Gross Profit was ₹444 Mil.
Total Current Assets was ₹648 Mil.
Total Assets was ₹1,028 Mil.
Property, Plant and Equipment(Net PPE) was ₹338 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹35 Mil.
Selling, General, & Admin. Expense(SGA) was ₹30 Mil.
Total Current Liabilities was ₹542 Mil.
Long-Term Debt & Capital Lease Obligation was ₹262 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)
=(251.513 / 1232.499) / (169.743 / 940.518)
=0.204068 / 0.180478
=1.1307

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)
=(444.399 / 940.518) / (449.698 / 1232.499)
=0.472505 / 0.364867
=1.295

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 - (853.048 + 542.076) / 1447.591) / (1 - (648.002 + 337.531) / 1028.345)
=0.036244 / 0.041632
=0.8706

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
=1232.499 / 940.518
=1.3104

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))
=(34.753 / (34.753 + 337.531)) / (49.713 / (49.713 + 542.076))
=0.093351 / 0.084005
=1.1113

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 / 1232.499) / (30.488 / 940.518)
=0 / 0.032416
=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)
=((247.261 + 649.781) / 1447.591) / ((261.6 + 542.06) / 1028.345)
=0.619679 / 0.781508
=0.7929

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
=(63.393 - 0 - 16.408) / 1447.591
=0.032457

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.

Ameenji Rubber has a M-score of -1.58 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 -1.58 mean?
Ameenji Rubber (BOM:544555) has a Beneish M-Score of -1.58 as of Aug. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ameenji Rubber and its competitors. According to the industry distribution chart, Ameenji Rubber ranks #845 out of 969 companies in the Transportation industry, placing it in the top 87.2%.
Is Ameenji Rubber's Beneish M-Score too high?
Ameenji Rubber's current Beneish M-Score is -1.58. Based on the distribution chart, Ameenji Rubber ranks #845 out of 969 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Ameenji Rubber has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Ameenji Rubber's Beneish M-Score compare to UNP and CSX?
According to the Transportation industry distribution chart, Ameenji Rubber ranks #845 out of 969 companies for Beneish M-Score. This places Ameenji Rubber 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 Transportation company?
A good Beneish M-Score depends on the Transportation 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 Ameenji Rubber and its competitors. Ameenji Rubber's current Beneish M-Score is -1.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ameenji Rubber stock overvalued right now?
Ameenji Rubber (BOM:544555) has a current Beneish M-Score of -1.58. The current Beneish M-Score is -1.58. Ameenji Rubber's overall GF Score™ is 14/100 with 3 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 Ameenji Rubber (BOM:544555), the current Beneish M-Score is -1.58 as of Aug. 05, 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.

Ameenji Rubber Business Description

Address 5-5-65/1/A, F-14, S.A, Trade Centre First Floor, Ranigunji, Secunderabad, TG, IND, 500003
Ameenji Rubber Ltd is engaged in the manufacturing, supply, and export of rubber-based products catering to the requirements of the railways, infrastructure, and other commercial applications. It manufactures a diversified range of products including elastomeric bridge bearings, POT-PTFE bearings, spherical bearings, expansion joints for infrastructure, composite grooved rubber sole plates (CGRSP), UIC rubber vestibules, rubberized railway crossing pads, moulded and long-length rubber sheets, gym mats, rolls, cow mats, rubber beadings, and other commercial rubber products. Its products are used in railway coaches, sleepers, railway crossings, bridges, flyovers, roads, highways, and other infrastructure and commercial applications.
14GF 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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