ANB Metal Cast (NSE:AMCL) Beneish M-Score: -772.49 (As of Jun. 26, 2026)


NSE:AMCL ANB Metal Cast Ltd NSE:AMCL
18 GF Score
Price ₹478.65
! 4 Warning Signs
View Full Analysis

What is ANB Metal Cast Beneish M-Score?

ANB Metal Cast NSE:AMCL -3.28% 18 Beneish M-Score is -772.49 as of Jun. 26, 2026. GuruFocus rates NSE:AMCL with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 685 Metals & Mining companies, ANB Metal Cast ranks better than 99.71% 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 -772.49 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

NSE:AMCL' s Beneish M-Score Range Over the Past 10 Years
Min: -772.49   Med: -1.82   Max: -0.75
Current: -772.49

During the past 5 years, the highest Beneish M-Score of ANB Metal Cast was -0.75. The lowest was -772.49. And the median was -1.82.

ANB Metal Cast Beneish M-Score Historical Data

* Premium members only.

The historical data trend for ANB Metal Cast'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.

ANB Metal Cast Beneish M-Score Chart

ANB Metal Cast Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -0.75 -1.82 -772.49

ANB Metal Cast Semi-Annual Data
Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score 0.00 0.00 -0.75 -1.82 -772.49

NSE:AMCL vs AA: Beneish M-Score Comparison

For the Aluminum subindustry, ANB Metal Cast'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.

ANB Metal Cast Beneish M-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, ANB Metal Cast's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where ANB Metal Cast's Beneish M-Score falls into.


NSE:AMCL
18GF Score
ANB Metal Cast Ltd NSE:AMCL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ANB Metal Cast 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 ANB Metal Cast 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 * 1.5043+0.528 * 0.7923+0.404 * -1911.25+0.892 * 1.3852+0.115 * 1.3792
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.326113-0.327 * 0.6988
=-772.49

* 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 ₹750 Mil.
Revenue was ₹2,252 Mil.
Gross Profit was ₹393 Mil.
Total Current Assets was ₹1,620 Mil.
Total Assets was ₹1,833 Mil.
Property, Plant and Equipment(Net PPE) was ₹199 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹8 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹782 Mil.
Long-Term Debt & Capital Lease Obligation was ₹47 Mil.
Net Income was ₹215 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-383 Mil.
 Total Receivables was ₹360 Mil.
Revenue was ₹1,626 Mil.
Gross Profit was ₹225 Mil.
Total Current Assets was ₹833 Mil.
Total Assets was ₹981 Mil.
Property, Plant and Equipment(Net PPE) was ₹147 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹9 Mil.
Selling, General, & Admin. Expense(SGA) was ₹24 Mil.
Total Current Liabilities was ₹562 Mil.
Long-Term Debt & Capital Lease Obligation was ₹73 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)
=(749.91 / 2251.908) / (359.884 / 1625.686)
=0.333011 / 0.221374
=1.5043

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)
=(224.516 / 1625.686) / (392.535 / 2251.908)
=0.138105 / 0.174312
=0.7923

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 - (1620.015 + 199.244) / 1833.274) / (1 - (833.416 + 147.098) / 980.51)
=0.007645 / -4.0E-6
=-1911.25

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
=2251.908 / 1625.686
=1.3852

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))
=(8.521 / (8.521 + 147.098)) / (8.237 / (8.237 + 199.244))
=0.054756 / 0.0397
=1.3792

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 / 2251.908) / (23.634 / 1625.686)
=0 / 0.014538
=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)
=((47.354 + 782.212) / 1833.274) / ((73.124 + 561.831) / 980.51)
=0.452505 / 0.647576
=0.6988

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
=(214.596 - 0 - -383.258) / 1833.274
=0.326113

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.

ANB Metal Cast has a M-score of -772.49 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 -772.49 mean?
ANB Metal Cast (NSE:AMCL) has a Beneish M-Score of -772.49 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on ANB Metal Cast and its competitors. According to the industry distribution chart, ANB Metal Cast ranks #2 out of 685 companies in the Metals & Mining industry, placing it in the top 0.3%.
Is ANB Metal Cast's Beneish M-Score too high?
ANB Metal Cast's current Beneish M-Score is -772.49. Based on the distribution chart, ANB Metal Cast ranks #2 out of 685 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, ANB Metal Cast has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does ANB Metal Cast's Beneish M-Score compare to AA?
According to the Metals & Mining industry distribution chart, ANB Metal Cast ranks #2 out of 685 companies for Beneish M-Score. This places ANB Metal Cast in the top 0% 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 Metals & Mining company?
A good Beneish M-Score depends on the Metals & Mining 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 ANB Metal Cast and its competitors. ANB Metal Cast's current Beneish M-Score is -772.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ANB Metal Cast stock overvalued right now?
ANB Metal Cast (NSE:AMCL) has a current Beneish M-Score of -772.49. The current Beneish M-Score is -772.49. ANB Metal Cast's overall GF Score™ is 18/100 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 ANB Metal Cast (NSE:AMCL), the current Beneish M-Score is -772.49 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.

ANB Metal Cast Business Description

Address Kalawad Road, Riverwave Off. No 9, 8th Floor, Near Lords Pradhyuman, Rajkot, GJ, IND, 360005
ANB Metal Cast Ltd specializes in manufacturing a wide range of aluminium extrusion products, including motor bodies, various profiles, round bars, solar profiles, railings, and sliding windows. Its products cater to a diverse array of industries, such as electronics, automotive, mechanical, solar, and architectural sectors. Currently, it offers a wide range of aluminum products, including hardware items, railing and architectural solutions, engineering products, kitchen profiles, and aluminum extrusion products like channels, sections, flat bars, and tubes.
18GF Score

Get the complete analysis for NSE:AMCL

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

₹478.65
Price