Canara HSBC Life Insurance Co (BOM:544583) Beneish M-Score: 0.00 (As of Jul. 30, 2026)

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BOM:544583 Canara HSBC Life Insurance Co Ltd BOM:544583
11 GF Score
Price ₹147.05
! 2 Warning Signs
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What is Canara HSBC Life Insurance Co Beneish M-Score?

Canara HSBC Life Insurance Co BOM:544583 +3.92% 11 Beneish M-Score is 0.00 as of Jul. 30, 2026. GuruFocus rates BOM:544583 with a GF Score™ of 11/100. The stock has 2 warning signs investors should review. Among 397 Insurance companies, Canara HSBC Life Insurance Co ranks worse than 251888.92% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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.

The historical rank and industry rank for Canara HSBC Life Insurance Co's Beneish M-Score or its related term are showing as below:

During the past 4 years, the highest Beneish M-Score of Canara HSBC Life Insurance Co was 0.00. The lowest was 0.00. And the median was 0.00.

BOM:544583
11GF Score
Canara HSBC Life Insurance Co Ltd BOM:544583
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Canara HSBC Life Insurance Co 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 Canara HSBC Life Insurance Co 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Jun26) TTM:Last Year (Mar25) TTM:
Total Receivables was ₹0 Mil.
Revenue was 43508.6 + 12905.7 + 42022.5 + 36316.1 = ₹134,753 Mil.
Gross Profit was 43508.6 + 12905.7 + 42022.5 + 36316.1 = ₹134,753 Mil.
Total Current Assets was ₹0 Mil.
Total Assets was ₹510,929 Mil.
Property, Plant and Equipment(Net PPE) was ₹341 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹52 Mil.
Selling, General, & Admin. Expense(SGA) was ₹152 Mil.
Total Current Liabilities was ₹0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2,500 Mil.
Net Income was 281.4 + 347.3 + 276.5 + 234.2 = ₹1,139 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₹0 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 3840.22 = ₹3,840 Mil.
 Total Receivables was ₹5,677 Mil.
Revenue was 27764.7 + 15164.3 + 30329.92 + 0 = ₹73,259 Mil.
Gross Profit was 27764.7 + 15164.3 + 30329.92 + 0 = ₹73,259 Mil.
Total Current Assets was ₹0 Mil.
Total Assets was ₹429,143 Mil.
Property, Plant and Equipment(Net PPE) was ₹264 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹55 Mil.
Selling, General, & Admin. Expense(SGA) was ₹135 Mil.
Total Current Liabilities was ₹0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 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 / 134752.9) / (5677 / 73258.92)
=0 / 0.077492
=

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)
=(73258.92 / 73258.92) / (134752.9 / 134752.9)
=1 / 1
=

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 - (0 + 340.6) / 510928.5) / (1 - (0 + 264) / 429142.8)
=0.999333 / 0.999385
=

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
=134752.9 / 73258.92
=

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))
=(55.07 / (55.07 + 264)) / (52.16 / (52.16 + 340.6))
=0.172595 / 0.132804
=

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)
=(152.25 / 134752.9) / (134.51 / 73258.92)
=0.00113 / 0.001836
=

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)
=((2500 + 0) / 510928.5) / ((0 + 0) / 429142.8)
=0.004893 / 0
=

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
=(1139.4 - 0 - 3840.22) / 510928.5
=-0.005286

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Canara HSBC Life Insurance Co (BOM:544583) has a Beneish M-Score of 0.00 as of Jul. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Canara HSBC Life Insurance Co and its competitors. According to the industry distribution chart, Canara HSBC Life Insurance Co ranks #999999 out of 397 companies in the Insurance industry.
Is Canara HSBC Life Insurance Co's Beneish M-Score too high?
Canara HSBC Life Insurance Co's current Beneish M-Score is 0.00. Based on the distribution chart, Canara HSBC Life Insurance Co ranks #999999 out of 397 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Canara HSBC Life Insurance Co has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Canara HSBC Life Insurance Co's Beneish M-Score compare to AFL and MET?
According to the Insurance industry distribution chart, Canara HSBC Life Insurance Co ranks #999999 out of 397 companies for Beneish M-Score. This places Canara HSBC Life Insurance Co 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 an Insurance company?
A good Beneish M-Score depends on the Insurance 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 Canara HSBC Life Insurance Co and its competitors. Canara HSBC Life Insurance Co's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canara HSBC Life Insurance Co stock overvalued right now?
Canara HSBC Life Insurance Co (BOM:544583) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Canara HSBC Life Insurance Co's overall GF Score™ is 11/100 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 Canara HSBC Life Insurance Co (BOM:544583), the current Beneish M-Score is 0.00 as of Jul. 30, 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.

Canara HSBC Life Insurance Co Business Description

Other Exchanges CANHLIFE:India
Address Golf Course Extension Road, 35th Floor, Tower 1, M3M International Financial Centre, Sector 66, Gurugram, HR, IND, 122 002
Canara HSBC Life Insurance Co Ltd is a life insurance provider in India. The company offers a wide range of life insurance products, including term plans, health plans, credit life, and employee benefits. It focuses on customizable coverage with options for affordable premiums, flexible payment terms, and multiple benefit payment modes. Canara HSBC Life Insurance operates through a wide network of branches and aims to provide financial security and tax benefits to its customers. The company maintains a robust claim settlement track record, emphasizing reliability and customer service.
11GF 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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