Kratikal Tech (BOM:544811) Beneish M-Score: 0.00 (As of Jul. 27, 2026)

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BOM:544811 Kratikal Tech Ltd BOM:544811
18 GF Score
Price ₹168.00
! 1 Warning Sign
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What is Kratikal Tech Beneish M-Score?

Kratikal Tech BOM:544811 -0.30% 18 Beneish M-Score is 0.00 as of Jul. 27, 2026. GuruFocus rates BOM:544811 with a GF Score™ of 18/100. The stock has 1 warning sign investors should review. Among 2,631 Software companies, Kratikal Tech ranks worse than 38008.32% 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.

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

During the past 3 years, the highest Beneish M-Score of Kratikal Tech was 0.00. The lowest was 0.00. And the median was 0.00.

Kratikal Tech Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Kratikal Tech'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.

Kratikal Tech Beneish M-Score Chart

Kratikal Tech Annual Data
Trend Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 0.00

Kratikal Tech Quarterly Data
Mar24 Mar25 Mar26
Beneish M-Score 0.00 0.00 0.00

BOM:544811 vs QH, SHOP, UBER: Beneish M-Score Comparison

For the Software - Application subindustry, Kratikal Tech'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.

Kratikal Tech Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Kratikal Tech's Beneish M-Score distribution charts can be found below:

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


BOM:544811
18GF Score
Kratikal Tech Ltd BOM:544811
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Kratikal Tech 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 Kratikal Tech 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 * 1.2527+0.528 * 0.9549+0.404 * 1.0742+0.892 * 1.7609+0.115 * 0.7173
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.2764+4.679 * 0.134285-0.327 * 0.6878
=-0.91

* 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 ₹89.6 Mil.
Revenue was ₹367.2 Mil.
Gross Profit was ₹232.2 Mil.
Total Current Assets was ₹129.0 Mil.
Total Assets was ₹301.2 Mil.
Property, Plant and Equipment(Net PPE) was ₹6.7 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹8.3 Mil.
Selling, General, & Admin. Expense(SGA) was ₹70.7 Mil.
Total Current Liabilities was ₹53.6 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.1 Mil.
Net Income was ₹61.4 Mil.
Gross Profit was ₹0.0 Mil.
Cash Flow from Operations was ₹21.0 Mil.
 Total Receivables was ₹40.6 Mil.
Revenue was ₹208.5 Mil.
Gross Profit was ₹125.9 Mil.
Total Current Assets was ₹71.5 Mil.
Total Assets was ₹155.8 Mil.
Property, Plant and Equipment(Net PPE) was ₹4.6 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹3.0 Mil.
Selling, General, & Admin. Expense(SGA) was ₹31.4 Mil.
Total Current Liabilities was ₹40.3 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.1 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)
=(89.648 / 367.159) / (40.64 / 208.509)
=0.244167 / 0.194908
=1.2527

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)
=(125.905 / 208.509) / (232.172 / 367.159)
=0.603835 / 0.632347
=0.9549

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 - (128.96 + 6.67) / 301.151) / (1 - (71.478 + 4.591) / 155.767)
=0.549628 / 0.511649
=1.0742

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
=367.159 / 208.509
=1.7609

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))
=(3.025 / (3.025 + 4.591)) / (8.277 / (8.277 + 6.67))
=0.39719 / 0.553757
=0.7173

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)
=(70.673 / 367.159) / (31.445 / 208.509)
=0.192486 / 0.150809
=1.2764

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)
=((0.05 + 53.633) / 301.151) / ((0.05 + 40.319) / 155.767)
=0.178259 / 0.259163
=0.6878

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
=(61.425 - 0 - 20.985) / 301.151
=0.134285

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.

Kratikal Tech has a M-score of -0.91 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 0.00 mean?
Kratikal Tech (BOM:544811) has a Beneish M-Score of 0.00 as of Jul. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kratikal Tech and its competitors. According to the industry distribution chart, Kratikal Tech ranks #999999 out of 2631 companies in the Software industry.
Is Kratikal Tech's Beneish M-Score too high?
Kratikal Tech's current Beneish M-Score is 0.00. Based on the distribution chart, Kratikal Tech ranks #999999 out of 2631 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Kratikal Tech has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Kratikal Tech's Beneish M-Score compare to QH and SHOP?
According to the Software industry distribution chart, Kratikal Tech ranks #999999 out of 2631 companies for Beneish M-Score. This places Kratikal Tech 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 Software company?
A good Beneish M-Score depends on the Software 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 Kratikal Tech and its competitors. Kratikal Tech's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kratikal Tech stock overvalued right now?
Kratikal Tech (BOM:544811) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Kratikal Tech's overall GF Score™ is 18/100 with 1 warning sign 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 Kratikal Tech (BOM:544811), the current Beneish M-Score is 0.00 as of Jul. 27, 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.

Kratikal Tech Business Description

Address 5th Floor A-5 Sector 68, Grovy Optiva, Gautam Buddha Nagar, Noida, UP, IND, 201301
Kratikal Tech Ltd is engaged in providing AI-driven, Software-as-a-Service-based cybersecurity solutions through its proprietary security software platform, supported by cybersecurity and regulatory compliance services. Its business operates through two lines: People Security Management (PSM), delivered through the Threatcop platform, and Technology and Process Security Services, delivered under the Kratikal brand. The company's product portfolio includes the Threatcop platform and the AutoSecT platform. The company's revenue is derived from the sale of its cybersecurity products and services, mainly from the TSAT-Threatcop Security Awareness Training product and the Vulnerability Assessment and Penetration Testing service.
18GF Score

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

₹168.00
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