Yaashvi Jewellers (BOM:544770) Beneish M-Score: 1.23 (As of Aug. 14, 2026)

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BOM:544770 Yaashvi Jewellers Ltd BOM:544770
16 GF Score
Price ₹76.20
! 4 Warning Signs
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What is Yaashvi Jewellers Beneish M-Score?

Yaashvi Jewellers BOM:544770 -0.85% 16 Beneish M-Score is 1.23 as of Aug. 14, 2026. GuruFocus rates BOM:544770 with a GF Score™ of 16/100. The stock has 4 warning signs investors should review. Among 1,090 Retail - Cyclical companies, Yaashvi Jewellers ranks worse than 96.33% 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 1.23 higher than -1.78, which implies that the company might have manipulated its financial results.

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

BOM:544770' s Beneish M-Score Range Over the Past 10 Years
Min: 0   Med: 0   Max: 1.23
Current: 1.23

During the past 4 years, the highest Beneish M-Score of Yaashvi Jewellers was 1.23. The lowest was 0.00. And the median was 0.00.

Yaashvi Jewellers Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Yaashvi Jewellers'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.

Yaashvi Jewellers Beneish M-Score Chart

Yaashvi Jewellers Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 66.44 1.23

Yaashvi Jewellers Semi-Annual Data
Mar23 Mar24 Mar25 Mar26
Beneish M-Score 0.00 0.00 66.44 1.23

BOM:544770 vs TPR: Beneish M-Score Comparison

For the Luxury Goods subindustry, Yaashvi Jewellers'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.

Yaashvi Jewellers Beneish M-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Yaashvi Jewellers's Beneish M-Score distribution charts can be found below:

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


BOM:544770
16GF Score
Yaashvi Jewellers Ltd BOM:544770
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Yaashvi Jewellers 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 Yaashvi Jewellers 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 * 3.2782+0.528 * 0.938+0.404 * 0.7406+0.892 * 1.5078+0.115 * 1.0517
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.3231+4.679 * 0.284273-0.327 * 0.9588
=1.23

* 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 ₹189 Mil.
Revenue was ₹4,481 Mil.
Gross Profit was ₹339 Mil.
Total Current Assets was ₹905 Mil.
Total Assets was ₹1,182 Mil.
Property, Plant and Equipment(Net PPE) was ₹40 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹8 Mil.
Selling, General, & Admin. Expense(SGA) was ₹5 Mil.
Total Current Liabilities was ₹655 Mil.
Long-Term Debt & Capital Lease Obligation was ₹90 Mil.
Net Income was ₹183 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-153 Mil.
 Total Receivables was ₹38 Mil.
Revenue was ₹2,972 Mil.
Gross Profit was ₹211 Mil.
Total Current Assets was ₹495 Mil.
Total Assets was ₹709 Mil.
Property, Plant and Equipment(Net PPE) was ₹22 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹5 Mil.
Selling, General, & Admin. Expense(SGA) was ₹2 Mil.
Total Current Liabilities was ₹443 Mil.
Long-Term Debt & Capital Lease Obligation was ₹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)
=(189.046 / 4481.495) / (38.246 / 2972.265)
=0.042184 / 0.012868
=3.2782

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)
=(211.032 / 2972.265) / (339.209 / 4481.495)
=0.071 / 0.075691
=0.938

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 - (904.76 + 39.531) / 1182.336) / (1 - (494.852 + 21.688) / 709.377)
=0.201334 / 0.27184
=0.7406

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
=4481.495 / 2972.265
=1.5078

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))
=(4.844 / (4.844 + 21.688)) / (8.304 / (8.304 + 39.531))
=0.182572 / 0.173597
=1.0517

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)
=(4.827 / 4481.495) / (2.419 / 2972.265)
=0.001077 / 0.000814
=1.3231

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)
=((90.412 + 655.261) / 1182.336) / ((23.883 + 442.745) / 709.377)
=0.630678 / 0.6578
=0.9588

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
=(182.844 - 0 - -153.262) / 1182.336
=0.284273

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.

Yaashvi Jewellers has a M-score of 1.23 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 1.23 mean?
Yaashvi Jewellers (BOM:544770) has a Beneish M-Score of 1.23 as of Aug. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yaashvi Jewellers and its competitors. According to the industry distribution chart, Yaashvi Jewellers ranks #1050 out of 1090 companies in the Retail - Cyclical industry, placing it in the top 96.3%.
Is Yaashvi Jewellers' Beneish M-Score too high?
Yaashvi Jewellers' current Beneish M-Score is 1.23. Based on the distribution chart, Yaashvi Jewellers ranks #1050 out of 1090 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Yaashvi Jewellers has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Yaashvi Jewellers' Beneish M-Score compare to TPR?
According to the Retail - Cyclical industry distribution chart, Yaashvi Jewellers ranks #1050 out of 1090 companies for Beneish M-Score. This places Yaashvi Jewellers 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 Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 Yaashvi Jewellers and its competitors. Yaashvi Jewellers's current Beneish M-Score is 1.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yaashvi Jewellers stock overvalued right now?
Yaashvi Jewellers (BOM:544770) has a current Beneish M-Score of 1.23. The current Beneish M-Score is 1.23. Yaashvi Jewellers' overall GF Score™ is 16/100 with 4 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 Yaashvi Jewellers (BOM:544770), the current Beneish M-Score is 1.23 as of Aug. 14, 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.

Yaashvi Jewellers Business Description

Address Plot No. 486 Nemi Sagar Colony, Vaishali Nagar, Jaipur, RJ, IND, 302021
Yaashvi Jewellers Ltd is engaged in the manufacturing and trading of gold and silver jewellery. Its product portfolio includes 9K, 14K, 18K, 20K, and 22K plain gold jewellery, named gold jewellery, rose gold jewellery, designer gold and silver jewellery, studded gold jewellery, fashion silver jewellery, diamond jewellery, customized jewellery, and gold bullion. The Company manufactures finished gold jewellery from raw gold bullions and supplies these products to dealers, showrooms, and small jewellery shops in wholesale and retail quantities. The majority of revenue from operations is derived from the manufacturing of plain gold. Its product range includes rings, pendants, chains, necklaces, anklets, bracelets, bangles, and earrings, etc.
16GF 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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