Kot Addu Power Co (KAR:KAPCO) Beneish M-Score: 0.00 (As of Jun. 28, 2026)


KAR:KAPCO Kot Addu Power Co Ltd KAR:KAPCO
34 GF Score
Price ₨28.28
! 4 Warning Signs
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What is Kot Addu Power Co Beneish M-Score?

Kot Addu Power Co KAR:KAPCO 34 Beneish M-Score is 0.00 as of Jun. 28, 2026. GuruFocus rates KAR:KAPCO with a GF Score™ of 34/100. The stock has 4 warning signs investors should review. Among 488 Utilities - Regulated companies, Kot Addu Power Co ranks worse than 204917.83% 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 Kot Addu Power Co's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Kot Addu Power Co was 70.59. The lowest was -97.91. And the median was -1.96.

Kot Addu Power Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Kot Addu Power Co'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.

Kot Addu Power Co Beneish M-Score Chart

Kot Addu Power Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.37 -1.70 -4.27 0.00 0.00

Kot Addu Power Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

KAR:KAPCO vs NEE, SO, DUK: Beneish M-Score Comparison

For the Utilities - Regulated Electric subindustry, Kot Addu Power Co'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.

Kot Addu Power Co Beneish M-Score vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Kot Addu Power Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Kot Addu Power Co's Beneish M-Score falls into.


KAR:KAPCO
34GF Score
Kot Addu Power Co Ltd KAR:KAPCO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Kot Addu Power Co 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 Kot Addu Power Co 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 ₨10,493 Mil.
Revenue was 5698.909 + 223.734 + 4155.946 + 1563.32 = ₨11,642 Mil.
Gross Profit was 8.246 + 427.351 + -831.4 + -438.157 = ₨-834 Mil.
Total Current Assets was ₨58,100 Mil.
Total Assets was ₨63,532 Mil.
Property, Plant and Equipment(Net PPE) was ₨1,841 Mil.
Depreciation, Depletion and Amortization(DDA) was ₨2 Mil.
Selling, General, & Admin. Expense(SGA) was ₨662 Mil.
Total Current Liabilities was ₨8,160 Mil.
Long-Term Debt & Capital Lease Obligation was ₨0 Mil.
Net Income was 687.72 + 815.627 + 4.876 + 130.31 = ₨1,639 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₨0 Mil.
Cash Flow from Operations was 1028.185 + -1092.83 + -4047.184 + -2028.958 = ₨-6,141 Mil.
 Total Receivables was ₨5,688 Mil.
Revenue was 0 + 0 + 0 + 0 = ₨0 Mil.
Gross Profit was 0 + 0 + 0 + 0 = ₨0 Mil.
Total Current Assets was ₨62,194 Mil.
Total Assets was ₨65,724 Mil.
Property, Plant and Equipment(Net PPE) was ₨1,983 Mil.
Depreciation, Depletion and Amortization(DDA) was ₨3 Mil.
Selling, General, & Admin. Expense(SGA) was ₨1,145 Mil.
Total Current Liabilities was ₨8,523 Mil.
Long-Term Debt & Capital Lease Obligation was ₨0 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)
=(10492.548 / 11641.909) / (5687.713 / 0)
=0.901274 /
=

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)
=(0 / 0) / (-833.96 / 11641.909)
= / -0.071634
=

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 - (58100.092 + 1840.762) / 63532.498) / (1 - (62193.922 + 1982.502) / 65723.813)
=0.056532 / 0.023544
=

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
=11641.909 / 0
=

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))
=(3.296 / (3.296 + 1982.502)) / (2.102 / (2.102 + 1840.762))
=0.00166 / 0.001141
=

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)
=(662.409 / 11641.909) / (1144.975 / 0)
=0.056899 /
=

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 + 8159.59) / 63532.498) / ((0 + 8522.563) / 65723.813)
=0.128432 / 0.129672
=

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
=(1638.533 - 0 - -6140.787) / 63532.498
=0.122446

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Kot Addu Power Co (KAR:KAPCO) has a Beneish M-Score of 0.00 as of Jun. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kot Addu Power Co and its competitors. According to the industry distribution chart, Kot Addu Power Co ranks #999999 out of 488 companies in the Utilities - Regulated industry.
Is Kot Addu Power Co's Beneish M-Score too high?
Kot Addu Power Co's current Beneish M-Score is 0.00. Based on the distribution chart, Kot Addu Power Co ranks #999999 out of 488 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Kot Addu Power Co has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Kot Addu Power Co's Beneish M-Score compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Kot Addu Power Co ranks #999999 out of 488 companies for Beneish M-Score. This places Kot Addu Power Co 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 Utilities - Regulated company?
A good Beneish M-Score depends on the Utilities - Regulated 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 Kot Addu Power Co and its competitors. Kot Addu Power Co'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 Kot Addu Power Co stock overvalued right now?
Kot Addu Power Co (KAR:KAPCO) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Kot Addu Power Co's overall GF Score™ is 34/100 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 Kot Addu Power Co (KAR:KAPCO), the current Beneish M-Score is 0.00 as of Jun. 28, 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.

Kot Addu Power Co Business Description

Address 5 B/3, Gulberg III, Lahore, PB, PAK, 54660
Kot Addu Power Co Ltd is active in the utilities sector in Pakistan. The principal activities of the company are the ownership, operation, and maintenance of a power plant in Pakistan. The power plant is a multi-fuel gas-turbine power plant with the capability of using three different fuels to generate electricity, namely: gas, light sulphur furnace oil and high-speed diesel.
34GF Score

Get the complete analysis for KAR:KAPCO

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

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