NEPTF (Neptune Wellness Solutions) Beneish M-Score: 0.00 (As of Jun. 27, 2026)


NEPTF Neptune Wellness Solutions Inc NEPTF
16 GF Score
Price $0.00
View Full Analysis

What is Neptune Wellness Solutions Beneish M-Score?

Neptune Wellness Solutions NEPTF -99.00% 16 Beneish M-Score is 0.00 as of Jun. 27, 2026. GuruFocus rates NEPTF with a GF Score™ of 16/100.

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 Neptune Wellness Solutions's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Neptune Wellness Solutions was 0.00. The lowest was 0.00. And the median was 0.00.

Neptune Wellness Solutions Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Neptune Wellness Solutions'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.

Neptune Wellness Solutions Beneish M-Score Chart

Neptune Wellness Solutions Annual Data
Trend Feb13 Feb14 Feb15 Feb16 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.65 -6.26 -4.10 -0.49 -1.93

Neptune Wellness Solutions Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -1.97 -1.93 -5.63 -31.93 -4.17

NEPTF vs CPMD, CLVR, THCT: Beneish M-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Neptune Wellness Solutions'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.

Neptune Wellness Solutions Beneish M-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Neptune Wellness Solutions's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Neptune Wellness Solutions's Beneish M-Score falls into.


NEPTF
16GF Score
Neptune Wellness Solutions Inc NEPTF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Neptune Wellness Solutions 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 Neptune Wellness Solutions 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 * 1.0519+0.528 * 5.551+0.404 * 0.3318+0.892 * 0.7522+0.115 * 1.3108
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.328+4.679 * -0.541301-0.327 * 4.3523
=-4.17

* 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 (Dec23) TTM:Last Year (Dec22) TTM:
Total Receivables was $3.89 Mil.
Revenue was 7.6 + 8.74 + 10.628 + 12.147 = $39.12 Mil.
Gross Profit was 1.035 + -0.568 + 1.342 + -2.568 = $-0.76 Mil.
Total Current Assets was $16.60 Mil.
Total Assets was $23.03 Mil.
Property, Plant and Equipment(Net PPE) was $2.64 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.46 Mil.
Selling, General, & Admin. Expense(SGA) was $45.78 Mil.
Total Current Liabilities was $73.42 Mil.
Long-Term Debt & Capital Lease Obligation was $1.82 Mil.
Net Income was -17.749 + -0.89 + -8.314 + -26.566 = $-53.52 Mil.
Non Operating Income was 0.131 + 2.656 + 2.645 + -31.026 = $-25.59 Mil.
Cash Flow from Operations was -3.027 + 0.76 + -5.298 + -7.896 = $-15.46 Mil.
 Total Receivables was $4.92 Mil.
Revenue was 12.209 + 11.987 + 16.272 + 11.532 = $52.00 Mil.
Gross Profit was 1.881 + 1.108 + -2.894 + -5.696 = $-5.60 Mil.
Total Current Assets was $28.22 Mil.
Total Assets was $63.97 Mil.
Property, Plant and Equipment(Net PPE) was $4.01 Mil.
Depreciation, Depletion and Amortization(DDA) was $3.51 Mil.
Selling, General, & Admin. Expense(SGA) was $45.83 Mil.
Total Current Liabilities was $29.86 Mil.
Long-Term Debt & Capital Lease Obligation was $18.17 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)
=(3.893 / 39.115) / (4.92 / 52)
=0.099527 / 0.094615
=1.0519

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)
=(-5.601 / 52) / (-0.759 / 39.115)
=-0.107712 / -0.019404
=5.551

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 - (16.6 + 2.635) / 23.026) / (1 - (28.222 + 4.007) / 63.968)
=0.16464 / 0.49617
=0.3318

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
=39.115 / 52
=0.7522

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))
=(3.513 / (3.513 + 4.007)) / (1.459 / (1.459 + 2.635))
=0.467154 / 0.356375
=1.3108

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)
=(45.777 / 39.115) / (45.825 / 52)
=1.170318 / 0.88125
=1.328

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)
=((1.816 + 73.417) / 23.026) / ((18.166 + 29.855) / 63.968)
=3.267307 / 0.750703
=4.3523

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
=(-53.519 - -25.594 - -15.461) / 23.026
=-0.541301

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.

Neptune Wellness Solutions has a M-score of -4.17 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 0.00 mean?
Neptune Wellness Solutions (NEPTF) has a Beneish M-Score of 0.00 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Neptune Wellness Solutions and its competitors.
Is Neptune Wellness Solutions' Beneish M-Score too high?
Neptune Wellness Solutions' current Beneish M-Score is 0.00. Overall, Neptune Wellness Solutions has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Neptune Wellness Solutions' Beneish M-Score compare to CPMD and CLVR?
Neptune Wellness Solutions' Beneish M-Score of 0.00 can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Beneish M-Score depends on the Drug Manufacturers 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 Neptune Wellness Solutions and its competitors. Neptune Wellness Solutions'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 Neptune Wellness Solutions stock overvalued right now?
Neptune Wellness Solutions (NEPTF) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Neptune Wellness Solutions' overall GF Score™ is 16/100. 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 Neptune Wellness Solutions (NEPTF), the current Beneish M-Score is 0.00 as of Jun. 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.

Neptune Wellness Solutions Business Description

Address 545 Promenade du Centropolis, Suite 100, Laval, QC, CAN, H7T 0A3
Neptune Wellness Solutions Inc is a consumer-packaged goods company that aims to innovate health and wellness products. It focuses on developing a portfolio of high-quality, affordable consumer products that align with the latest market trends for natural, sustainable, plant-based and purpose-driven lifestyle brands. The company's products include organic food and beverage brands such as Sprout Organics, Nosh, and Nurturme, as well as nutraceuticals brands like Biodroga and Forest Remedies. The company derives maximum revenue from United States.
16GF Score

Get the complete analysis for NEPTF

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

$0.00
Price