Amba Autoles and Services (NSE:AMBAAUTO) Beneish M-Score: -1.39 (As of Aug. 09, 2026)

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NSE:AMBAAUTO Amba Auto Sales and Services Ltd NSE:AMBAAUTO
16 GF Score
Price ₹103.30
! 2 Warning Signs
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What is Amba Autoles and Services Beneish M-Score?

Amba Autoles and Services NSE:AMBAAUTO +1.77% 16 Beneish M-Score is -1.39 as of Aug. 09, 2026. GuruFocus rates NSE:AMBAAUTO with a GF Score™ of 16/100. The stock has 2 warning signs investors should review. Among 1,273 Vehicles & Parts companies, Amba Autoles and Services ranks worse than 93.4% 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 -1.39 higher than -1.78, which implies that the company might have manipulated its financial results.

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

NSE:AMBAAUTO' s Beneish M-Score Range Over the Past 10 Years
Min: -1.39   Med: -1.39   Max: -1.39
Current: -1.39

During the past 3 years, the highest Beneish M-Score of Amba Autoles and Services was -1.39. The lowest was -1.39. And the median was -1.39.

Amba Autoles and Services Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Amba Autoles and Services'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.

Amba Autoles and Services Beneish M-Score Chart

Amba Autoles and Services Annual Data
Trend Mar23 Mar24 Mar25
Beneish M-Score
0.00 0.00 -1.39

Amba Autoles and Services Semi-Annual Data
Mar23 Mar24 Mar25
Beneish M-Score 0.00 0.00 -1.39

NSE:AMBAAUTO vs CVNA, PAG, KMX: Beneish M-Score Comparison

For the Auto & Truck Dealerships subindustry, Amba Autoles and Services'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.

Amba Autoles and Services Beneish M-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Amba Autoles and Services's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Amba Autoles and Services's Beneish M-Score falls into.


NSE:AMBAAUTO
16GF Score
Amba Auto Sales and Services Ltd NSE:AMBAAUTO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Amba Autoles and Services 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 Amba Autoles and Services 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 * 2.2938+0.528 * 0.6143+0.404 * 0.7842+0.892 * 1.1468+0.115 * 0.7159
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 4.9316+4.679 * 0.161352-0.327 * 0.965
=-1.39

* 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 (Mar25) TTM:Last Year (Mar24) TTM:
Total Receivables was ₹195 Mil.
Revenue was ₹2,419 Mil.
Gross Profit was ₹308 Mil.
Total Current Assets was ₹781 Mil.
Total Assets was ₹911 Mil.
Property, Plant and Equipment(Net PPE) was ₹86 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹14 Mil.
Selling, General, & Admin. Expense(SGA) was ₹28 Mil.
Total Current Liabilities was ₹653 Mil.
Long-Term Debt & Capital Lease Obligation was ₹101 Mil.
Net Income was ₹78 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-69 Mil.
 Total Receivables was ₹74 Mil.
Revenue was ₹2,110 Mil.
Gross Profit was ₹165 Mil.
Total Current Assets was ₹449 Mil.
Total Assets was ₹545 Mil.
Property, Plant and Equipment(Net PPE) was ₹61 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹7 Mil.
Selling, General, & Admin. Expense(SGA) was ₹5 Mil.
Total Current Liabilities was ₹361 Mil.
Long-Term Debt & Capital Lease Obligation was ₹106 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)
=(194.606 / 2419.322) / (73.982 / 2109.643)
=0.080438 / 0.035068
=2.2938

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)
=(165.209 / 2109.643) / (308.401 / 2419.322)
=0.078311 / 0.127474
=0.6143

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 - (780.883 + 85.591) / 911.174) / (1 - (449.325 + 61.129) / 544.519)
=0.049058 / 0.06256
=0.7842

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
=2419.322 / 2109.643
=1.1468

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))
=(6.898 / (6.898 + 61.129)) / (14.124 / (14.124 + 85.591))
=0.101401 / 0.141644
=0.7159

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)
=(27.728 / 2419.322) / (4.902 / 2109.643)
=0.011461 / 0.002324
=4.9316

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)
=((101.499 + 652.549) / 911.174) / ((106.266 + 360.678) / 544.519)
=0.827557 / 0.857535
=0.965

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
=(77.76 - 0 - -69.26) / 911.174
=0.161352

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.

Amba Autoles and Services has a M-score of -1.39 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 -1.39 mean?
Amba Autoles and Services (NSE:AMBAAUTO) has a Beneish M-Score of -1.39 as of Aug. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Amba Autoles and Services and its competitors. According to the industry distribution chart, Amba Autoles and Services ranks #1189 out of 1273 companies in the Vehicles & Parts industry, placing it in the top 93.4%.
Is Amba Autoles and Services' Beneish M-Score too high?
Amba Autoles and Services' current Beneish M-Score is -1.39. Based on the distribution chart, Amba Autoles and Services ranks #1189 out of 1273 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Amba Autoles and Services has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Amba Autoles and Services' Beneish M-Score compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Amba Autoles and Services ranks #1189 out of 1273 companies for Beneish M-Score. This places Amba Autoles and Services 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 a Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Amba Autoles and Services and its competitors. Amba Autoles and Services's current Beneish M-Score is -1.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amba Autoles and Services stock overvalued right now?
Amba Autoles and Services (NSE:AMBAAUTO) has a current Beneish M-Score of -1.39. The current Beneish M-Score is -1.39. Amba Autoles and Services' overall GF Score™ is 16/100 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 Amba Autoles and Services (NSE:AMBAAUTO), the current Beneish M-Score is -1.39 as of Aug. 09, 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.

Amba Autoles and Services Business Description

Address 7, Hongasandra, Survey No. 442/2A, 443/2B, Bangalore, KA, IND, 560068
Amba Auto Sales and Services Ltd operates as an authorised dealer of Bajaj Auto Limited and LG Electronics India Limited under the brand names Amba Bajaj and Amba LG Best Shop, respectively. It is engaged in the retail sale of automobiles and consumer electronics, along with related services such as after-sales service, repairs, spare parts sales, and facilitation of financial and insurance products. Additionally, in consumer electronics, its product offerings include air conditioners, televisions, washing machines, refrigerators and small appliances. The majority of the company's revenue is derived from the sale of vehicles, mainly three-wheelers.
16GF Score

Get the complete analysis for NSE:AMBAAUTO

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

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