Crazy Snacks (BOM:544807) Beneish M-Score: -1.78 (As of Sep. 10, 2026)

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BOM:544807 Crazy Snacks Ltd BOM:544807
17 GF Score
Price ₹59.94
! 3 Warning Signs
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What is Crazy Snacks Beneish M-Score?

Crazy Snacks BOM:544807 17 Beneish M-Score is -1.78 as of Sep. 10, 2026. GuruFocus rates BOM:544807 with a GF Score™ of 17/100. The stock has 3 warning signs investors should review. Among 1,889 Consumer Packaged Goods companies, Crazy Snacks ranks worse than 82.53% 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.

Good Sign:

Beneish M-Score -1.78 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BOM:544807' s Beneish M-Score Range Over the Past 10 Years
Min: -1.78   Med: 0   Max: 0
Current: -1.78

During the past 4 years, the highest Beneish M-Score of Crazy Snacks was 0.00. The lowest was -1.78. And the median was 0.00.

Crazy Snacks Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Crazy Snacks'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.

Crazy Snacks Beneish M-Score Chart

Crazy Snacks Annual Data
Trend Mar22 Mar23 Mar24 Mar25
Beneish M-Score
0.00 0.00 -1.98 -1.78

Crazy Snacks Semi-Annual Data
Mar22 Mar23 Mar24 Mar25
Beneish M-Score 0.00 0.00 -1.98 -1.78

BOM:544807 vs KHC, GIS: Beneish M-Score Comparison

For the Packaged Foods subindustry, Crazy Snacks'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.

Crazy Snacks Beneish M-Score vs Consumer Packaged Goods Industry

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

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


BOM:544807
17GF Score
Crazy Snacks Ltd BOM:544807
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Crazy Snacks 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 Crazy Snacks 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 * 1.6325+0.528 * 0.7929+0.404 * 0.7953+0.892 * 0.8729+0.115 * 1.1041
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.678+4.679 * 0.116948-0.327 * 1.0472
=-1.78

* 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 (Mar25) TTM:Last Year (Mar24) TTM:
Total Receivables was ₹393 Mil.
Revenue was ₹1,114 Mil.
Gross Profit was ₹345 Mil.
Total Current Assets was ₹701 Mil.
Total Assets was ₹1,098 Mil.
Property, Plant and Equipment(Net PPE) was ₹379 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹48 Mil.
Selling, General, & Admin. Expense(SGA) was ₹16 Mil.
Total Current Liabilities was ₹445 Mil.
Long-Term Debt & Capital Lease Obligation was ₹280 Mil.
Net Income was ₹63 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-65 Mil.
 Total Receivables was ₹276 Mil.
Revenue was ₹1,276 Mil.
Gross Profit was ₹313 Mil.
Total Current Assets was ₹492 Mil.
Total Assets was ₹859 Mil.
Property, Plant and Equipment(Net PPE) was ₹350 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹49 Mil.
Selling, General, & Admin. Expense(SGA) was ₹11 Mil.
Total Current Liabilities was ₹374 Mil.
Long-Term Debt & Capital Lease Obligation was ₹167 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)
=(393.221 / 1113.821) / (275.929 / 1275.932)
=0.353038 / 0.216257
=1.6325

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)
=(312.926 / 1275.932) / (344.511 / 1113.821)
=0.245253 / 0.309306
=0.7929

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 - (700.892 + 379.47) / 1098.24) / (1 - (491.547 + 349.912) / 859.042)
=0.016279 / 0.020468
=0.7953

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
=1113.821 / 1275.932
=0.8729

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))
=(49.458 / (49.458 + 349.912)) / (47.942 / (47.942 + 379.47))
=0.12384 / 0.112168
=1.1041

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)
=(15.514 / 1113.821) / (10.592 / 1275.932)
=0.013929 / 0.008301
=1.678

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)
=((280.23 + 444.935) / 1098.24) / ((167.428 + 374.231) / 859.042)
=0.660297 / 0.630538
=1.0472

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
=(63.306 - 0 - -65.131) / 1098.24
=0.116948

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.

Crazy Snacks has a M-score of -1.78 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.78 mean?
Crazy Snacks (BOM:544807) has a Beneish M-Score of -1.78 as of Sep. 10, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Crazy Snacks and its competitors. According to the industry distribution chart, Crazy Snacks ranks #1559 out of 1889 companies in the Consumer Packaged Goods industry, placing it in the top 82.5%.
Is Crazy Snacks' Beneish M-Score too high?
Crazy Snacks' current Beneish M-Score is -1.78. Based on the distribution chart, Crazy Snacks ranks #1559 out of 1889 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Crazy Snacks has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Crazy Snacks' Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Crazy Snacks ranks #1559 out of 1889 companies for Beneish M-Score. This places Crazy Snacks 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 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 Crazy Snacks and its competitors. Crazy Snacks's current Beneish M-Score is -1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Crazy Snacks stock overvalued right now?
Crazy Snacks (BOM:544807) has a current Beneish M-Score of -1.78. The current Beneish M-Score is -1.78. Crazy Snacks' overall GF Score™ is 17/100 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 Crazy Snacks (BOM:544807), the current Beneish M-Score is -1.78 as of Sep. 10, 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.

Crazy Snacks Business Description

Address 10 Park Road, Officer\'s Residence Lane, Shri Pramodaay Bhawan, Near Sahara Press, Gorakhpur, UP, IND, 273001
Crazy Snacks Ltd is engaged in the manufacturing of bakery products, snacks, namkeens, and chips. Its product portfolio includes breads, buns, rusks, cookies, cakes, cupcakes, and other snack products. The company markets the food products under three brands: "Crazy", "Bity", and "Baked Gold". The majority of the company's revenue is derived from the sale of rusks and breads in the domestic markets.
17GF Score

Get the complete analysis for BOM:544807

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

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