Arisinfra Solutions (NSE:ARIS) Beneish M-Score: -1.35 (As of Jun. 27, 2026)


NSE:ARIS Arisinfra Solutions Ltd NSE:ARIS
13 GF Score
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What is Arisinfra Solutions Beneish M-Score?

Arisinfra Solutions NSE:ARIS -3.74% 13 Beneish M-Score is -1.35 as of Jun. 27, 2026. GuruFocus rates NSE:ARIS with a GF Score™ of 13/100. The stock has 2 warning signs investors should review. Among 1,704 Construction companies, Arisinfra Solutions ranks worse than 87.68% 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 -1.35 higher than -1.78, which implies that the company might have manipulated its financial results.

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

NSE:ARIS' s Beneish M-Score Range Over the Past 10 Years
Min: -2.61   Med: -2.21   Max: -1.35
Current: -1.35

During the past 5 years, the highest Beneish M-Score of Arisinfra Solutions was -1.35. The lowest was -2.61. And the median was -2.21.

Arisinfra Solutions Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Arisinfra 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.

Arisinfra Solutions Beneish M-Score Chart

Arisinfra Solutions Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -2.61 -2.21 -1.35

Arisinfra Solutions Quarterly Data
Mar22 Mar23 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 -2.21 0.00 0.00 0.00 -1.35

NSE:ARIS vs PWR, FIX, EME: Beneish M-Score Comparison

For the Engineering & Construction subindustry, Arisinfra 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.

Arisinfra Solutions Beneish M-Score vs Construction Industry

For the Construction industry and Industrials sector, Arisinfra Solutions's Beneish M-Score distribution charts can be found below:

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


NSE:ARIS
13GF Score
Arisinfra Solutions Ltd NSE:ARIS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Arisinfra 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 Arisinfra 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 * 0.9017+0.528 * 0.8485+0.404 * 3.4551+0.892 * 1.3905+0.115 * 2.4946
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.08573-0.327 * 0.414
=-1.35

* 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 ₹4,100 Mil.
Revenue was ₹10,675 Mil.
Gross Profit was ₹1,771 Mil.
Total Current Assets was ₹7,114 Mil.
Total Assets was ₹10,415 Mil.
Property, Plant and Equipment(Net PPE) was ₹232 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹41 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹2,695 Mil.
Long-Term Debt & Capital Lease Obligation was ₹108 Mil.
Net Income was ₹527 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹1,420 Mil.
 Total Receivables was ₹3,270 Mil.
Revenue was ₹7,677 Mil.
Gross Profit was ₹1,080 Mil.
Total Current Assets was ₹6,318 Mil.
Total Assets was ₹6,967 Mil.
Property, Plant and Equipment(Net PPE) was ₹54 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹33 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹4,484 Mil.
Long-Term Debt & Capital Lease Obligation was ₹45 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)
=(4099.83 / 10674.63) / (3269.82 / 7676.72)
=0.384072 / 0.42594
=0.9017

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)
=(1080.47 / 7676.72) / (1770.62 / 10674.63)
=0.140746 / 0.165872
=0.8485

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 - (7113.69 + 232.04) / 10414.61) / (1 - (6318.46 + 54.3) / 6966.95)
=0.294671 / 0.085287
=3.4551

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
=10674.63 / 7676.72
=1.3905

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))
=(33.01 / (33.01 + 54.3)) / (41.45 / (41.45 + 232.04))
=0.378078 / 0.151559
=2.4946

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 / 10674.63) / (0 / 7676.72)
=0 / 0
=1

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)
=((108.42 + 2694.61) / 10414.61) / ((45.25 + 4484.25) / 6966.95)
=0.269144 / 0.650141
=0.414

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
=(527.04 - 0 - 1419.88) / 10414.61
=-0.08573

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.

Arisinfra Solutions has a M-score of -1.35 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 -1.35 mean?
Arisinfra Solutions (NSE:ARIS) has a Beneish M-Score of -1.35 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Arisinfra Solutions and its competitors. According to the industry distribution chart, Arisinfra Solutions ranks #1494 out of 1704 companies in the Construction industry, placing it in the top 87.7%.
Is Arisinfra Solutions' Beneish M-Score too high?
Arisinfra Solutions' current Beneish M-Score is -1.35. Based on the distribution chart, Arisinfra Solutions ranks #1494 out of 1704 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Arisinfra Solutions has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Arisinfra Solutions' Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Arisinfra Solutions ranks #1494 out of 1704 companies for Beneish M-Score. This places Arisinfra Solutions 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Arisinfra Solutions and its competitors. Arisinfra Solutions's current Beneish M-Score is -1.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arisinfra Solutions stock overvalued right now?
Arisinfra Solutions (NSE:ARIS) has a current Beneish M-Score of -1.35. The current Beneish M-Score is -1.35. Arisinfra Solutions' overall GF Score™ is 13/100 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 Arisinfra Solutions (NSE:ARIS), the current Beneish M-Score is -1.35 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.

Arisinfra Solutions Business Description

Other Exchanges 544419:India
Address LBS Marg, Unit No. G-A-04 to 07, Ground Floor - A Wing, Art Guild House, Phoenix Marketcity, Kurla (West, Mumbai, MH, IND, 400 070
Arisinfra Solutions Ltd is a modern platform that helps construction and infrastructure companies buy materials easily and manage their finances smartly. It is a business-to-business technology-driven company in the expanding construction materials market. The company focuses on digitizing and simplifying the procurement process, delivering an efficient end-to-end customer experience.
13GF Score

Get the complete analysis for NSE:ARIS

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

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