K V Toys India (BOM:544641) Beneish M-Score: 0.07 (As of Aug. 04, 2026) — Near Median

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BOM:544641 K V Toys India Ltd BOM:544641
16 GF Score
Price ₹284.45
! 3 Warning Signs
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What is K V Toys India Beneish M-Score?

K V Toys India BOM:544641 -1.23% 16 Beneish M-Score is 0.07 as of Aug. 04, 2026, which is at its 10-year median of 0.07. GuruFocus rates BOM:544641 with a GF Score™ of 16/100. The stock has 3 warning signs investors should review. Among 817 Travel & Leisure companies, K V Toys India ranks worse than 95.23% 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 0.07 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for K V Toys India's Beneish M-Score or its related term are showing as below:

BOM:544641' s Beneish M-Score Range Over the Past 10 Years
Min: 0.07   Med: 0.07   Max: 0.07
Current: 0.07

During the past 3 years, the highest Beneish M-Score of K V Toys India was 0.07. The lowest was 0.07. And the median was 0.07.

K V Toys India Beneish M-Score Historical Data

* Premium members only.

The historical data trend for K V Toys India'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.

K V Toys India Beneish M-Score Chart

K V Toys India Annual Data
Trend Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 0.07

K V Toys India Semi-Annual Data
Mar24 Mar25 Sep25 Mar26
Beneish M-Score 0.00 0.00 0.00 0.07

BOM:544641 vs AS, HAS, LTH: Beneish M-Score Comparison

For the Leisure subindustry, K V Toys India'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.

K V Toys India Beneish M-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, K V Toys India's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where K V Toys India's Beneish M-Score falls into.


BOM:544641
16GF Score
K V Toys India Ltd BOM:544641
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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K V Toys India 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 K V Toys India 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 * 0.9859+0.528 * 1.0088+0.404 * 1.1684+0.892 * 2.0429+0.115 * 0.1916
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.27584-0.327 * 0.4153
=0.07

* 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 ₹332 Mil.
Revenue was ₹1,748 Mil.
Gross Profit was ₹229 Mil.
Total Current Assets was ₹801 Mil.
Total Assets was ₹825 Mil.
Property, Plant and Equipment(Net PPE) was ₹13 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹5 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹151 Mil.
Long-Term Debt & Capital Lease Obligation was ₹125 Mil.
Net Income was ₹87 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-140 Mil.
 Total Receivables was ₹165 Mil.
Revenue was ₹856 Mil.
Gross Profit was ₹113 Mil.
Total Current Assets was ₹468 Mil.
Total Assets was ₹485 Mil.
Property, Plant and Equipment(Net PPE) was ₹12 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹1 Mil.
Selling, General, & Admin. Expense(SGA) was ₹9 Mil.
Total Current Liabilities was ₹284 Mil.
Long-Term Debt & Capital Lease Obligation was ₹107 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)
=(332.447 / 1747.934) / (165.053 / 855.601)
=0.190194 / 0.192909
=0.9859

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)
=(113.321 / 855.601) / (229.478 / 1747.934)
=0.132446 / 0.131285
=1.0088

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 - (800.509 + 13.297) / 825.257) / (1 - (467.851 + 11.73) / 485.345)
=0.013876 / 0.011876
=1.1684

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
=1747.934 / 855.601
=2.0429

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))
=(0.621 / (0.621 + 11.73)) / (4.732 / (4.732 + 13.297))
=0.050279 / 0.262466
=0.1916

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 / 1747.934) / (9.086 / 855.601)
=0 / 0.010619
=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)
=((125.284 + 151.181) / 825.257) / ((107.266 + 284.265) / 485.345)
=0.335005 / 0.806707
=0.4153

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
=(87.421 - 0 - -140.218) / 825.257
=0.27584

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.

K V Toys India has a M-score of 0.07 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 0.07 mean?
K V Toys India (BOM:544641) has a Beneish M-Score of 0.07 as of Aug. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on K V Toys India and its competitors. This is near median its historical median of 0.07. Over the past decade, K V Toys India's Beneish M-Score has ranged from 0.07 to 0.07. According to the industry distribution chart, K V Toys India ranks #778 out of 817 companies in the Travel & Leisure industry, placing it in the top 95.2%.
Is K V Toys India's Beneish M-Score too high?
K V Toys India's current Beneish M-Score of 0.07 is near median its 10-year median of 0.07. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.07. Based on the distribution chart, K V Toys India ranks #778 out of 817 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, K V Toys India has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does K V Toys India's Beneish M-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, K V Toys India ranks #778 out of 817 companies for Beneish M-Score. This places K V Toys India in the lower half of its industry. Historically, K V Toys India's own Beneish M-Score has ranged from 0.07 to 0.07 over the past decade. 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 Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 K V Toys India and its competitors. K V Toys India's current Beneish M-Score is 0.07, which is near median its own 10-year median of 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is K V Toys India stock overvalued right now?
K V Toys India (BOM:544641) has a current Beneish M-Score of 0.07. The current Beneish M-Score is 0.07, which is near median its 10-year median of 0.07. K V Toys India's overall GF Score™ is 16/100 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 K V Toys India (BOM:544641), the current Beneish M-Score is 0.07 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.

K V Toys India Business Description

Address Ghodbunder Road, Office No. 1508, 15th Floor, Solus Corporate Park, Behind Bayers, Building Hiranandani Estate, Patlipada, Thane, MH, IND, 400607
K V Toys India Ltd is engaged in the business of contract manufacturing and sale of plastic-moulded and metal-based toys for children, covering both educational and recreational segments. Its diversified product portfolio includes friction-powered toys, soft bullet guns, ABS (Acrylonitrile Butadiene Styrene) toys, pullback toys, battery-operated and electronic toys, press-and-go toys, die-cast metal vehicles, bubble toys, dolls, and other play-based products. The company markets several proprietary brands such as Alia & Olivia (doll range), Yes Motors (die-cast car range), Funny Bubbles (bubble toys), and Thunder Strike (soft bullet guns), each catering to specific segments of the children's toy market.
16GF Score

Get the complete analysis for BOM:544641

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

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