Sodhani Capital (BOM:544560) Beneish M-Score: -3.57 (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:544560 Sodhani Capital Ltd BOM:544560
21 GF Score
Price ₹62.10
! 2 Warning Signs
View Full Analysis

What is Sodhani Capital Beneish M-Score?

Sodhani Capital BOM:544560 21 Beneish M-Score is -3.57 as of Aug. 04, 2026. GuruFocus rates BOM:544560 with a GF Score™ of 21/100. The stock has 2 warning signs investors should review. Among 703 Capital Markets companies, Sodhani Capital ranks better than 91.32% 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 -3.57 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BOM:544560' s Beneish M-Score Range Over the Past 10 Years
Min: -3.57   Med: -2.92   Max: -2.26
Current: -3.57

During the past 4 years, the highest Beneish M-Score of Sodhani Capital was -2.26. The lowest was -3.57. And the median was -2.92.

Sodhani Capital Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Sodhani Capital'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.

Sodhani Capital Beneish M-Score Chart

Sodhani Capital Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -2.26 -3.57

Sodhani Capital Semi-Annual Data
Mar23 Mar24 Mar25 Mar26
Beneish M-Score 0.00 0.00 -2.26 -3.57

BOM:544560 vs MS, GS, SCHW: Beneish M-Score Comparison

For the Capital Markets subindustry, Sodhani Capital'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.

Sodhani Capital Beneish M-Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Sodhani Capital's Beneish M-Score distribution charts can be found below:

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


BOM:544560
21GF Score
Sodhani Capital Ltd BOM:544560
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sodhani Capital 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 Sodhani Capital 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 * 0.4889+0.528 * 1.0188+0.404 * 0.5996+0.892 * 1.1088+0.115 * 5.155
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 8.3192+4.679 * -0.004548-0.327 * 0.266
=-3.57

* 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 ₹0.01 Mil.
Revenue was ₹45.47 Mil.
Gross Profit was ₹41.98 Mil.
Total Current Assets was ₹49.63 Mil.
Total Assets was ₹180.52 Mil.
Property, Plant and Equipment(Net PPE) was ₹64.59 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹1.64 Mil.
Selling, General, & Admin. Expense(SGA) was ₹2.72 Mil.
Total Current Liabilities was ₹1.19 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Net Income was ₹23.46 Mil.
Gross Profit was ₹0.00 Mil.
Cash Flow from Operations was ₹24.28 Mil.
 Total Receivables was ₹0.02 Mil.
Revenue was ₹41.01 Mil.
Gross Profit was ₹38.58 Mil.
Total Current Assets was ₹26.75 Mil.
Total Assets was ₹76.02 Mil.
Property, Plant and Equipment(Net PPE) was ₹2.71 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.40 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.30 Mil.
Total Current Liabilities was ₹1.65 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.24 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)
=(0.013 / 45.465) / (0.024 / 41.005)
=0.000286 / 0.000585
=0.4889

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)
=(38.576 / 41.005) / (41.983 / 45.465)
=0.940763 / 0.923414
=1.0188

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 - (49.629 + 64.589) / 180.515) / (1 - (26.751 + 2.708) / 76.018)
=0.367266 / 0.612473
=0.5996

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
=45.465 / 41.005
=1.1088

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))
=(0.396 / (0.396 + 2.708)) / (1.639 / (1.639 + 64.589))
=0.127577 / 0.024748
=5.155

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)
=(2.721 / 45.465) / (0.295 / 41.005)
=0.059848 / 0.007194
=8.3192

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 + 1.193) / 180.515) / ((0.24 + 1.649) / 76.018)
=0.006609 / 0.024849
=0.266

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
=(23.46 - 0 - 24.281) / 180.515
=-0.004548

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.

Sodhani Capital has a M-score of -3.57 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 -3.57 mean?
Sodhani Capital (BOM:544560) has a Beneish M-Score of -3.57 as of Aug. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sodhani Capital and its competitors. According to the industry distribution chart, Sodhani Capital ranks #61 out of 703 companies in the Capital Markets industry, placing it in the top 8.7%.
Is Sodhani Capital's Beneish M-Score too high?
Sodhani Capital's current Beneish M-Score is -3.57. Based on the distribution chart, Sodhani Capital ranks #61 out of 703 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Sodhani Capital has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Sodhani Capital's Beneish M-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Sodhani Capital ranks #61 out of 703 companies for Beneish M-Score. This places Sodhani Capital in the top 9% of its industry — outperforming the majority of peers. 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 Capital Markets company?
A good Beneish M-Score depends on the Capital Markets 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 Sodhani Capital and its competitors. Sodhani Capital's current Beneish M-Score is -3.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sodhani Capital stock overvalued right now?
Sodhani Capital (BOM:544560) has a current Beneish M-Score of -3.57. The current Beneish M-Score is -3.57. Sodhani Capital's overall GF Score™ is 21/100 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 Sodhani Capital (BOM:544560), the current Beneish M-Score is -3.57 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.

Sodhani Capital Business Description

Address Vaishali Nagar, 1st floor C-373 C Block, Jaipur, RJ, IND, 302021
Sodhani Capital Ltd is a mutual fund distributor. Its service portfolio encompasses comprehensive mutual fund schemes, with particular emphasis on systematic investment plans (SIPs). It provides service of financial products distribution to help its clients achieve their financial goals. The company's core business focuses on mutual fund distribution, serving retail investors, high-net-worth individuals (HNIs). The service offering encompasses a diverse range of mutual funds, including equity funds for long-term growth, debt funds for stability, hybrid funds for balanced returns, and ELSS for tax savings under Section 80C.
21GF Score

Get the complete analysis for BOM:544560

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

₹62.10
Price