Alldigi Tech (NSE:ALLDIGI) Beneish M-Score: -3.29 (As of Jul. 01, 2026)


NSE:ALLDIGI Alldigi Tech Ltd NSE:ALLDIGI
89 GF Score
Price ₹798.95
GF Value ₹1,034.82
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Alldigi Tech Beneish M-Score?

Alldigi Tech NSE:ALLDIGI -0.34% 89 Beneish M-Score is -3.29 as of Jul. 01, 2026. GuruFocus rates NSE:ALLDIGI with a GF Score™ of 89/100 and a GF Value™ of ₹1,034.82 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,020 Business Services companies, Alldigi Tech ranks better than 88.33% 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.

Good Sign:

Beneish M-Score -3.29 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

NSE:ALLDIGI' s Beneish M-Score Range Over the Past 10 Years
Min: -3.89   Med: -2.84   Max: -2.17
Current: -3.29

During the past 13 years, the highest Beneish M-Score of Alldigi Tech was -2.17. The lowest was -3.89. And the median was -2.84.

Alldigi Tech Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Alldigi 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.

Alldigi Tech Beneish M-Score Chart

Alldigi Tech Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.81 -2.61 -2.70 -2.93 -3.29

Alldigi Tech 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 -2.93 0.00 0.00 0.00 -3.29

NSE:ALLDIGI vs CTAS, CPRT, ULS: Beneish M-Score Comparison

For the Specialty Business Services subindustry, Alldigi 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.

Alldigi Tech Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Alldigi Tech's Beneish M-Score distribution charts can be found below:

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


NSE:ALLDIGI
89GF Score
Alldigi Tech Ltd NSE:ALLDIGI
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alldigi 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 Alldigi 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 * 0.5523+0.528 * 1+0.404 * 0.8971+0.892 * 1.0959+0.115 * 1.419
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * -0.119159-0.327 * 1.3277
=-3.29

* 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 ₹693 Mil.
Revenue was ₹5,987 Mil.
Gross Profit was ₹5,987 Mil.
Total Current Assets was ₹2,791 Mil.
Total Assets was ₹5,191 Mil.
Property, Plant and Equipment(Net PPE) was ₹1,972 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹586 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹1,069 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,425 Mil.
Net Income was ₹822 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹1,441 Mil.
 Total Receivables was ₹1,144 Mil.
Revenue was ₹5,463 Mil.
Gross Profit was ₹5,463 Mil.
Total Current Assets was ₹2,919 Mil.
Total Assets was ₹4,193 Mil.
Property, Plant and Equipment(Net PPE) was ₹887 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹427 Mil.
Selling, General, & Admin. Expense(SGA) was ₹581 Mil.
Total Current Liabilities was ₹1,084 Mil.
Long-Term Debt & Capital Lease Obligation was ₹433 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)
=(692.6 / 5986.8) / (1144.4 / 5463.1)
=0.115688 / 0.209478
=0.5523

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)
=(5463.1 / 5463.1) / (5986.8 / 5986.8)
=1 / 1
=1

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 - (2790.5 + 1971.5) / 5191.4) / (1 - (2919.4 + 886.8) / 4192.8)
=0.082714 / 0.092206
=0.8971

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
=5986.8 / 5463.1
=1.0959

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))
=(426.9 / (426.9 + 886.8)) / (585.6 / (585.6 + 1971.5))
=0.32496 / 0.229009
=1.419

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 / 5986.8) / (580.6 / 5463.1)
=0 / 0.106277
=0

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)
=((1425.3 + 1069.4) / 5191.4) / ((433.2 + 1084.3) / 4192.8)
=0.480545 / 0.36193
=1.3277

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
=(822.3 - 0 - 1440.9) / 5191.4
=-0.119159

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.

Alldigi Tech has a M-score of -3.29 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 -3.29 mean?
Alldigi Tech (NSE:ALLDIGI) has a Beneish M-Score of -3.29 as of Jul. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Alldigi Tech and its competitors. According to the industry distribution chart, Alldigi Tech ranks #119 out of 1020 companies in the Business Services industry, placing it in the top 11.7%.
Is Alldigi Tech's Beneish M-Score too high?
Alldigi Tech's current Beneish M-Score is -3.29. Based on the distribution chart, Alldigi Tech ranks #119 out of 1020 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Alldigi Tech has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alldigi Tech's Beneish M-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Alldigi Tech ranks #119 out of 1020 companies for Beneish M-Score. This places Alldigi Tech in the top 12% of its industry — outperforming the majority of peers. 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 Business Services company?
A good Beneish M-Score depends on the Business Services 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 Alldigi Tech and its competitors. Alldigi Tech's current Beneish M-Score is -3.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alldigi Tech stock overvalued right now?
Based on GuruFocus' analysis, Alldigi Tech (NSE:ALLDIGI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,034.82, compared to a current price of ₹798.95 — trading 22.8% below its estimated fair value. The current Beneish M-Score is -3.29. Alldigi Tech's overall GF Score™ is 89/100 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 Alldigi Tech (NSE:ALLDIGI), the current Beneish M-Score is -3.29 as of Jul. 01, 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.

Is Alldigi Tech (NSE:ALLDIGI) Overvalued in 2026?

Based on GuruFocus' analysis, Alldigi Tech stock appears to be undervalued. The current stock price of ₹798.95 is trading 22.8% below its estimated GF Value™ of ₹1,034.82. GuruFocus considers Alldigi Tech to be Modestly Undervalued.

Key valuation signals for NSE:ALLDIGI:

  • Beneish M-Score: -3.29
  • GF Value™: ₹1,034.82 vs. price of ₹798.95 (22.8% below fair value)
  • GF Score™: 89/100 with 2 warning signs

No single metric tells the full story. See the NSE:ALLDIGI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Alldigi Tech Business Description

Other Exchanges 532633:India
Address 46B, Velachery Main Road, Velachery, Chennai, TN, IND, 600 042
Alldigi Tech Ltd formerly Allsec Technologies Ltd Company operates two segments globally viz Human Resources Operation (HRO) covering HRMS, payroll services, time and attendance management and Digital Business Services (DBS) which encompasses generation, customer retention and relationship management comprising both voice and non-voice processes. The HRO services and DBS services are delivered from India and the subsidiary in Philippines. In India the DBS business supports both international (DBS International business) and domestic (DBS domestic business) customers and the HRO business supports both International and domestic customers.
89GF Score

Get the complete analysis for NSE:ALLDIGI

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

₹798.95
Price
₹1,034.82
GF Value