Sotefin Bharat (BOM:544832) Beneish M-Score: 0.00 (As of Aug. 31, 2026)

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BOM:544832 Sotefin Bharat Ltd BOM:544832
17 GF Score
Price ₹254.95
! 2 Warning Signs
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What is Sotefin Bharat Beneish M-Score?

Sotefin Bharat BOM:544832 -0.70% 17 Beneish M-Score is 0.00 as of Aug. 31, 2026. GuruFocus rates BOM:544832 with a GF Score™ of 17/100. The stock has 2 warning signs investors should review. Among 2,930 Industrial Products companies, Sotefin Bharat ranks worse than 34129.66% 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 Sotefin Bharat's Beneish M-Score or its related term are showing as below:

During the past 4 years, the highest Beneish M-Score of Sotefin Bharat was 0.00. The lowest was 0.00. And the median was 0.00.

Sotefin Bharat Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Sotefin Bharat'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.

Sotefin Bharat Beneish M-Score Chart

Sotefin Bharat Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 0.00 0.00

Sotefin Bharat Semi-Annual Data
Mar23 Mar24 Mar25 Mar26
Beneish M-Score 0.00 0.00 0.00 0.00

BOM:544832 vs GEV, ETN, PH: Beneish M-Score Comparison

For the Specialty Industrial Machinery subindustry, Sotefin Bharat'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.

Sotefin Bharat Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sotefin Bharat's Beneish M-Score distribution charts can be found below:

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


BOM:544832
17GF Score
Sotefin Bharat Ltd BOM:544832
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Sotefin Bharat 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 Sotefin Bharat 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 * 1.0733+0.528 * 0.8997+0.404 * 2.3442+0.892 * 1.2449+0.115 * 0.2187
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.6405+4.679 * 0.187713-0.327 * 0.8329
=-0.80

* 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 ₹752 Mil.
Revenue was ₹1,167 Mil.
Gross Profit was ₹425 Mil.
Total Current Assets was ₹921 Mil.
Total Assets was ₹1,291 Mil.
Property, Plant and Equipment(Net PPE) was ₹350 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹23 Mil.
Selling, General, & Admin. Expense(SGA) was ₹15 Mil.
Total Current Liabilities was ₹406 Mil.
Long-Term Debt & Capital Lease Obligation was ₹40 Mil.
Net Income was ₹174 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-69 Mil.
 Total Receivables was ₹563 Mil.
Revenue was ₹938 Mil.
Gross Profit was ₹307 Mil.
Total Current Assets was ₹726 Mil.
Total Assets was ₹987 Mil.
Property, Plant and Equipment(Net PPE) was ₹255 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹3 Mil.
Selling, General, & Admin. Expense(SGA) was ₹19 Mil.
Total Current Liabilities was ₹378 Mil.
Long-Term Debt & Capital Lease Obligation was ₹31 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)
=(752.242 / 1167.465) / (562.973 / 937.767)
=0.644338 / 0.600334
=1.0733

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)
=(307.339 / 937.767) / (425.275 / 1167.465)
=0.327735 / 0.364272
=0.8997

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 - (920.59 + 350.453) / 1290.643) / (1 - (725.575 + 254.852) / 986.82)
=0.015186 / 0.006478
=2.3442

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
=1167.465 / 937.767
=1.2449

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))
=(3.416 / (3.416 + 254.852)) / (22.56 / (22.56 + 350.453))
=0.013227 / 0.06048
=0.2187

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)
=(15.117 / 1167.465) / (18.958 / 937.767)
=0.012949 / 0.020216
=0.6405

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)
=((39.879 + 406.337) / 1290.643) / ((31.205 + 378.402) / 986.82)
=0.345732 / 0.415078
=0.8329

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
=(173.686 - 0 - -68.584) / 1290.643
=0.187713

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.

Sotefin Bharat has a M-score of -0.80 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?
Sotefin Bharat (BOM:544832) has a Beneish M-Score of 0.00 as of Aug. 31, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sotefin Bharat and its competitors. According to the industry distribution chart, Sotefin Bharat ranks #999999 out of 2930 companies in the Industrial Products industry.
Is Sotefin Bharat's Beneish M-Score too high?
Sotefin Bharat's current Beneish M-Score is 0.00. Based on the distribution chart, Sotefin Bharat ranks #999999 out of 2930 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Sotefin Bharat has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Sotefin Bharat's Beneish M-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Sotefin Bharat ranks #999999 out of 2930 companies for Beneish M-Score. This places Sotefin Bharat 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Sotefin Bharat and its competitors. Sotefin Bharat'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 Sotefin Bharat stock overvalued right now?
Sotefin Bharat (BOM:544832) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Sotefin Bharat's overall GF Score™ is 17/100 with 2 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 Sotefin Bharat (BOM:544832), the current Beneish M-Score is 0.00 as of Aug. 31, 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.

Sotefin Bharat Business Description

Address 72/B, Barakhola, Fulmani apartment, 1st Floor, Kalikapur, Kolkata, WB, IND, 700099
Sotefin Bharat Ltd is engaged in the design and implementation of automated car parking systems, with expertise in developing solutions of various scales-ranging from small installations to large, high-capacity parking structures capable of accommodating thousands of vehicles. The company's product portfolio includes: Fully Automated Robotic Parking Systems, Puzzle Parking Systems, Tower Parking Systems, and Stack Parking Systems. The majority of revenue is derived from the sale of Robotic Parking systems to government bodies.
17GF Score

Get the complete analysis for BOM:544832

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

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