Aldani Master Capital (BSE:ALDANI) Beneish M-Score: 18.46 (As of Jun. 26, 2026) — Near Median


BSE:ALDANI Aldani Master Capital SA BSE:ALDANI
47 GF Score
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What is Aldani Master Capital Beneish M-Score?

Aldani Master Capital BSE:ALDANI 47 Beneish M-Score is 18.46 as of Jun. 26, 2026, which is at its 10-year median of 18.46. GuruFocus rates BSE:ALDANI with a GF Score™ of 47/100. The stock has 10 warning signs investors should review. Among 2,926 Industrial Products companies, Aldani Master Capital ranks worse than 99.56% 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 18.46 higher than -1.78, which implies that the company might have manipulated its financial results.

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

BSE:ALDANI' s Beneish M-Score Range Over the Past 10 Years
Min: 18.46   Med: 18.46   Max: 18.46
Current: 18.46

During the past 3 years, the highest Beneish M-Score of Aldani Master Capital was 18.46. The lowest was 18.46. And the median was 18.46.

Aldani Master Capital Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Aldani Master Capital'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.

Aldani Master Capital Beneish M-Score Chart

Aldani Master Capital Annual Data
Trend Dec22 Dec23 Dec24
Beneish M-Score
0.00 0.00 18.46

Aldani Master Capital Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 0.00 18.46 0.00

BSE:ALDANI vs ATI, CRS, MLI: Beneish M-Score Comparison

For the Metal Fabrication subindustry, Aldani Master Capital'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.

Aldani Master Capital Beneish M-Score vs Industrial Products Industry

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

* The bar in red indicates where Aldani Master Capital's Beneish M-Score falls into.


BSE:ALDANI
47GF Score
Aldani Master Capital SA BSE:ALDANI
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Aldani Master Capital 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 Aldani Master Capital 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 * 24.573+0.528 * 0.9986+0.404 * 0.2351+0.892 * 0.7854+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.004623-0.327 * 1.8152
=18.46

* 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 (Dec24) TTM:Last Year (Dec23) TTM:
Total Receivables was lei0.77 Mil.
Revenue was lei1.30 Mil.
Gross Profit was lei1.30 Mil.
Total Current Assets was lei16.06 Mil.
Total Assets was lei16.66 Mil.
Property, Plant and Equipment(Net PPE) was lei0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was lei0.00 Mil.
Selling, General, & Admin. Expense(SGA) was lei0.00 Mil.
Total Current Liabilities was lei0.30 Mil.
Long-Term Debt & Capital Lease Obligation was lei0.00 Mil.
Net Income was lei1.39 Mil.
Gross Profit was lei0.00 Mil.
Cash Flow from Operations was lei1.32 Mil.
 Total Receivables was lei0.04 Mil.
Revenue was lei1.66 Mil.
Gross Profit was lei1.65 Mil.
Total Current Assets was lei11.41 Mil.
Total Assets was lei13.82 Mil.
Property, Plant and Equipment(Net PPE) was lei0.30 Mil.
Depreciation, Depletion and Amortization(DDA) was lei0.00 Mil.
Selling, General, & Admin. Expense(SGA) was lei0.00 Mil.
Total Current Liabilities was lei0.14 Mil.
Long-Term Debt & Capital Lease Obligation was lei0.00 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)
=(0.772 / 1.303) / (0.04 / 1.659)
=0.592479 / 0.024111
=24.573

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)
=(1.649 / 1.659) / (1.297 / 1.303)
=0.993972 / 0.995395
=0.9986

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 - (16.06 + 0) / 16.656) / (1 - (11.413 + 0.299) / 13.815)
=0.035783 / 0.152226
=0.2351

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
=1.303 / 1.659
=0.7854

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))
=(0 / (0 + 0.299)) / (0 / (0 + 0))
=0 /
=1

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 / 1.303) / (0 / 1.659)
=0 / 0
=1

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 + 0.302) / 16.656) / ((0 + 0.138) / 13.815)
=0.018132 / 0.009989
=1.8152

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
=(1.394 - 0 - 1.317) / 16.656
=0.004623

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.

Aldani Master Capital has a M-score of 18.46 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 18.46 mean?
Aldani Master Capital (BSE:ALDANI) has a Beneish M-Score of 18.46 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Aldani Master Capital and its competitors. This is near median its historical median of 18.46. Over the past decade, Aldani Master Capital's Beneish M-Score has ranged from 18.46 to 18.46. According to the industry distribution chart, Aldani Master Capital ranks #2913 out of 2926 companies in the Industrial Products industry, placing it in the top 99.6%.
Is Aldani Master Capital's Beneish M-Score too high?
Aldani Master Capital's current Beneish M-Score of 18.46 is near median its 10-year median of 18.46. Over the past 10 years, this metric has ranged from a low of 18.46 to a high of 18.46. Based on the distribution chart, Aldani Master Capital ranks #2913 out of 2926 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Aldani Master Capital has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Aldani Master Capital's Beneish M-Score compare to ATI and CRS?
According to the Industrial Products industry distribution chart, Aldani Master Capital ranks #2913 out of 2926 companies for Beneish M-Score. This places Aldani Master Capital in the lower half of its industry. Historically, Aldani Master Capital's own Beneish M-Score has ranged from 18.46 to 18.46 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 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 Aldani Master Capital and its competitors. Aldani Master Capital's current Beneish M-Score is 18.46, which is near median its own 10-year median of 18.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aldani Master Capital stock overvalued right now?
Aldani Master Capital (BSE:ALDANI) has a current Beneish M-Score of 18.46. The current Beneish M-Score is 18.46, which is near median its 10-year median of 18.46. Aldani Master Capital's overall GF Score™ is 47/100 with 10 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 Aldani Master Capital (BSE:ALDANI), the current Beneish M-Score is 18.46 as of Jun. 26, 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.

Aldani Master Capital Business Description

Address No. 40, Brasov Street, Cluj-Napoca, ROU, 400066
Aldani Master Capital SA is engaged in Engineering activities and related technical consultancy also two main business lines, consisting of the provision of engineering solutions in the field of industrial and residential construction and, respectively, the rental of its own real estate.
47GF 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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