Yashhtej Industries India (BOM:544708) Beneish M-Score: 8.63 (As of Jun. 24, 2026) — 60% Above Median


BOM:544708 Yashhtej Industries India Ltd BOM:544708
11 GF Score
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! 6 Warning Signs
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What is Yashhtej Industries India Beneish M-Score?

Yashhtej Industries India BOM:544708 -4.76% 11 Beneish M-Score is 8.63 as of Jun. 24, 2026, which is 60% above its 10-year median of 5.41. GuruFocus rates BOM:544708 with a GF Score™ of 11/100. The stock has 6 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, Yashhtej Industries India ranks worse than 98.11% 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 8.63 higher than -1.78, which implies that the company might have manipulated its financial results.

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

BOM:544708' s Beneish M-Score Range Over the Past 10 Years
Min: 2.18   Med: 5.41   Max: 8.63
Current: 8.63

During the past 4 years, the highest Beneish M-Score of Yashhtej Industries India was 8.63. The lowest was 2.18. And the median was 5.41.

Yashhtej Industries India Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Yashhtej Industries 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.

Yashhtej Industries India Beneish M-Score Chart

Yashhtej Industries India Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 2.18 8.63

Yashhtej Industries India Semi-Annual Data
Mar23 Mar24 Mar25 Sep25 Mar26
Beneish M-Score 0.00 0.00 2.18 0.00 8.63

BOM:544708 vs KHC, GIS: Beneish M-Score Comparison

For the Packaged Foods subindustry, Yashhtej Industries 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.

Yashhtej Industries India Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Yashhtej Industries India's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Yashhtej Industries India's Beneish M-Score falls into.


BOM:544708
11GF Score
Yashhtej Industries India Ltd BOM:544708
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Yashhtej Industries 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 Yashhtej Industries 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 * 4.2416+0.528 * 0.9312+0.404 * 17.5443+0.892 * 0.8271+0.115 * 1.369
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.282063-0.327 * 0.698
=8.63

* 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 ₹157 Mil.
Revenue was ₹2,694 Mil.
Gross Profit was ₹275 Mil.
Total Current Assets was ₹1,255 Mil.
Total Assets was ₹2,328 Mil.
Property, Plant and Equipment(Net PPE) was ₹507 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹21 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹927 Mil.
Long-Term Debt & Capital Lease Obligation was ₹246 Mil.
Net Income was ₹125 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-531 Mil.
 Total Receivables was ₹45 Mil.
Revenue was ₹3,257 Mil.
Gross Profit was ₹310 Mil.
Total Current Assets was ₹416 Mil.
Total Assets was ₹752 Mil.
Property, Plant and Equipment(Net PPE) was ₹325 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹18 Mil.
Selling, General, & Admin. Expense(SGA) was ₹1 Mil.
Total Current Liabilities was ₹453 Mil.
Long-Term Debt & Capital Lease Obligation was ₹90 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)
=(156.951 / 2693.85) / (44.736 / 3256.91)
=0.058263 / 0.013736
=4.2416

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)
=(310.009 / 3256.91) / (275.349 / 2693.85)
=0.095185 / 0.102214
=0.9312

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 - (1254.631 + 506.699) / 2327.874) / (1 - (416.166 + 325.357) / 751.954)
=0.243374 / 0.013872
=17.5443

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
=2693.85 / 3256.91
=0.8271

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))
=(18.392 / (18.392 + 325.357)) / (20.608 / (20.608 + 506.699))
=0.053504 / 0.039082
=1.369

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 / 2693.85) / (1.443 / 3256.91)
=0 / 0.000443
=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)
=((245.886 + 926.509) / 2327.874) / ((89.76 + 452.805) / 751.954)
=0.503633 / 0.72154
=0.698

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
=(125.266 - 0 - -531.342) / 2327.874
=0.282063

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.

Yashhtej Industries India has a M-score of 8.63 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 8.63 mean?
Yashhtej Industries India (BOM:544708) has a Beneish M-Score of 8.63 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yashhtej Industries India and its competitors. This is 60% above median its historical median of 5.41. Over the past decade, Yashhtej Industries India's Beneish M-Score has ranged from 2.18 to 8.63. According to the industry distribution chart, Yashhtej Industries India ranks #1814 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 98.1%.
Is Yashhtej Industries India's Beneish M-Score too high?
Yashhtej Industries India's current Beneish M-Score of 8.63 is 60% above median its 10-year median of 5.41. Over the past 10 years, this metric has ranged from a low of 2.18 to a high of 8.63. Based on the distribution chart, Yashhtej Industries India ranks #1814 out of 1849 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Yashhtej Industries India has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Yashhtej Industries India's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Yashhtej Industries India ranks #1814 out of 1849 companies for Beneish M-Score. This places Yashhtej Industries India in the lower half of its industry. Historically, Yashhtej Industries India's own Beneish M-Score has ranged from 2.18 to 8.63 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Yashhtej Industries India and its competitors. Yashhtej Industries India's current Beneish M-Score is 8.63, which is 60% above median its own 10-year median of 5.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yashhtej Industries India stock overvalued right now?
Yashhtej Industries India (BOM:544708) has a current Beneish M-Score of 8.63. The current Beneish M-Score is 8.63, which is 60% above median its 10-year median of 5.41. Yashhtej Industries India's overall GF Score™ is 11/100 with 6 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 Yashhtej Industries India (BOM:544708), the current Beneish M-Score is 8.63 as of Jun. 24, 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.

Yashhtej Industries India Business Description

Address Plot No. D-73/1, Additional MIDC, Latur, MH, IND, 413512
Yashhtej Industries India Ltd is engaged in the business of manufacturing/processing of soybean crude oil from soybeans through the solvent extraction process and manufacturing of Soybean De-Oiled Cake (DOC), which is widely used as animal feed in the poultry industry. Additionally, the company is also engaged in the segment of solar power generation and supply of the same. The majority of the company's revenue is derived from the sale of Soybean DeOiled Cake and Crude Soybean Oil.
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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