Global Ocean Logistics India (BOM:544665) Beneish M-Score: -0.29 (As of Aug. 09, 2026)

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BOM:544665 Global Ocean Logistics India Ltd BOM:544665
19 GF Score
Price ₹115.90
! 3 Warning Signs
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What is Global Ocean Logistics India Beneish M-Score?

Global Ocean Logistics India BOM:544665 -5.00% 19 Beneish M-Score is -0.29 as of Aug. 09, 2026. GuruFocus rates BOM:544665 with a GF Score™ of 19/100. The stock has 3 warning signs investors should review. Among 968 Transportation companies, Global Ocean Logistics India ranks worse than 94.94% 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 -0.29 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Global Ocean Logistics India's Beneish M-Score or its related term are showing as below:

BOM:544665' s Beneish M-Score Range Over the Past 10 Years
Min: -0.48   Med: -0.39   Max: -0.29
Current: -0.29

During the past 4 years, the highest Beneish M-Score of Global Ocean Logistics India was -0.29. The lowest was -0.48. And the median was -0.39.

Global Ocean Logistics India Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Global Ocean Logistics 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.

Global Ocean Logistics India Beneish M-Score Chart

Global Ocean Logistics India Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -0.48 -0.29

Global Ocean Logistics India Semi-Annual Data
Mar23 Mar24 Mar25 Sep25 Mar26
Beneish M-Score 0.00 0.00 -0.48 0.00 -0.29

Global Ocean Logistics India Beneish M-Score Competitor Comparison

For the Marine Shipping subindustry, Global Ocean Logistics 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.

Global Ocean Logistics India Beneish M-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Global Ocean Logistics India's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Global Ocean Logistics India's Beneish M-Score falls into.


BOM:544665
19GF Score
Global Ocean Logistics India Ltd BOM:544665
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Global Ocean Logistics 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 Global Ocean Logistics 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 * 1.5416+0.528 * 0.8963+0.404 * 0.5627+0.892 * 1.0908+0.115 * 0.9023
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.318967-0.327 * 0.4359
=-0.29

* 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 ₹428 Mil.
Revenue was ₹2,079 Mil.
Gross Profit was ₹164 Mil.
Total Current Assets was ₹658 Mil.
Total Assets was ₹672 Mil.
Property, Plant and Equipment(Net PPE) was ₹7 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹1 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹146 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1 Mil.
Net Income was ₹102 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-112 Mil.
 Total Receivables was ₹255 Mil.
Revenue was ₹1,906 Mil.
Gross Profit was ₹134 Mil.
Total Current Assets was ₹338 Mil.
Total Assets was ₹352 Mil.
Property, Plant and Equipment(Net PPE) was ₹8 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹1 Mil.
Selling, General, & Admin. Expense(SGA) was ₹6 Mil.
Total Current Liabilities was ₹175 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2 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)
=(428.205 / 2078.59) / (254.655 / 1905.591)
=0.206007 / 0.133636
=1.5416

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)
=(134.375 / 1905.591) / (163.528 / 2078.59)
=0.070516 / 0.078673
=0.8963

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 - (658.32 + 6.923) / 672.352) / (1 - (338.037 + 7.531) / 352.186)
=0.010573 / 0.018791
=0.5627

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
=2078.59 / 1905.591
=1.0908

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))
=(1.423 / (1.423 + 7.531)) / (1.48 / (1.48 + 6.923))
=0.158923 / 0.176128
=0.9023

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 / 2078.59) / (6.2 / 1905.591)
=0 / 0.003254
=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)
=((0.908 + 146.365) / 672.352) / ((1.868 + 175.123) / 352.186)
=0.219042 / 0.50255
=0.4359

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
=(102.378 - 0 - -112.08) / 672.352
=0.318967

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.

Global Ocean Logistics India has a M-score of -0.29 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 -0.29 mean?
Global Ocean Logistics India (BOM:544665) has a Beneish M-Score of -0.29 as of Aug. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Global Ocean Logistics India and its competitors. According to the industry distribution chart, Global Ocean Logistics India ranks #919 out of 968 companies in the Transportation industry, placing it in the top 94.9%.
Is Global Ocean Logistics India's Beneish M-Score too high?
Global Ocean Logistics India's current Beneish M-Score is -0.29. Based on the distribution chart, Global Ocean Logistics India ranks #919 out of 968 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Global Ocean Logistics India has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Global Ocean Logistics India's Beneish M-Score compare to competitors?
According to the Transportation industry distribution chart, Global Ocean Logistics India ranks #919 out of 968 companies for Beneish M-Score. This places Global Ocean Logistics India 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 Global Ocean Logistics India and its competitors. Global Ocean Logistics India's current Beneish M-Score is -0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Ocean Logistics India stock overvalued right now?
Global Ocean Logistics India (BOM:544665) has a current Beneish M-Score of -0.29. The current Beneish M-Score is -0.29. Global Ocean Logistics India's overall GF Score™ is 19/100 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 Global Ocean Logistics India (BOM:544665), the current Beneish M-Score is -0.29 as of Aug. 09, 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.

Global Ocean Logistics India Business Description

Address Andheri Kurla Road, C-101, Business Square, Andheri-East, Mumbai, MH, IND, 400 093
Global Ocean Logistics India Ltd is an integrated logistics and supply chain solutions provider offering services via sea, air, road, rail, and other ancillary services. The Company provides end-to-end transportation solutions, including ocean freight, air freight, transportation, customs clearance, container freight station (CFS), ODC handling, 3PL services, projects, and insurance. It serves a diversified customer base across manufacturing, textiles, chemicals, engineering goods, FMCG, and retail industries, with a focus on reliability, transparency, and cost efficiency. Supported by International agency and industry certifications, the Company delivers seamless logistics across key international trade routes.
19GF Score

Get the complete analysis for BOM:544665

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

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