Aristo Bio-Tech and Lifescience (NSE:ARISTO) Beneish M-Score: 0.00 (As of Jun. 30, 2026)


NSE:ARISTO Aristo Bio-Tech and Lifescience Ltd NSE:ARISTO
59 GF Score
Price ₹95.70
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What is Aristo Bio-Tech and Lifescience Beneish M-Score?

Aristo Bio-Tech and Lifescience NSE:ARISTO -4.01% 59 Beneish M-Score is 0.00 as of Jun. 30, 2026. GuruFocus rates NSE:ARISTO with a GF Score™ of 59/100. Among 245 Agriculture companies, Aristo Bio-Tech and Lifescience ranks worse than 56.33% 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.

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

During the past 6 years, the highest Beneish M-Score of Aristo Bio-Tech and Lifescience was 0.00. The lowest was 0.00. And the median was 0.00.

Aristo Bio-Tech and Lifescience Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Aristo Bio-Tech and Lifescience'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.

Aristo Bio-Tech and Lifescience Beneish M-Score Chart

Aristo Bio-Tech and Lifescience Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score
Get a 7-Day Free Trial 0.00 -2.89 80.26 -2.20 -2.26

Aristo Bio-Tech and Lifescience Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 80.26 0.00 -2.20 0.00 -2.26

NSE:ARISTO vs CTVA, CF: Beneish M-Score Comparison

For the Agricultural Inputs subindustry, Aristo Bio-Tech and Lifescience'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.

Aristo Bio-Tech and Lifescience Beneish M-Score vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Aristo Bio-Tech and Lifescience's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Aristo Bio-Tech and Lifescience's Beneish M-Score falls into.


NSE:ARISTO
59GF Score
Aristo Bio-Tech and Lifescience Ltd NSE:ARISTO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Aristo Bio-Tech and Lifescience 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 Aristo Bio-Tech and Lifescience 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 * 0.7534+0.528 * 1.1922+0.404 * 1.6484+0.892 * 1.2976+0.115 * 0.6881
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.6819+4.679 * -0.042337-0.327 * 0.9985
=-2.26

* 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 ₹562 Mil.
Revenue was ₹3,181 Mil.
Gross Profit was ₹165 Mil.
Total Current Assets was ₹1,158 Mil.
Total Assets was ₹1,406 Mil.
Property, Plant and Equipment(Net PPE) was ₹240 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹26 Mil.
Selling, General, & Admin. Expense(SGA) was ₹14 Mil.
Total Current Liabilities was ₹956 Mil.
Long-Term Debt & Capital Lease Obligation was ₹76 Mil.
Net Income was ₹41 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹100 Mil.
 Total Receivables was ₹575 Mil.
Revenue was ₹2,451 Mil.
Gross Profit was ₹151 Mil.
Total Current Assets was ₹1,051 Mil.
Total Assets was ₹1,273 Mil.
Property, Plant and Equipment(Net PPE) was ₹218 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹16 Mil.
Selling, General, & Admin. Expense(SGA) was ₹16 Mil.
Total Current Liabilities was ₹836 Mil.
Long-Term Debt & Capital Lease Obligation was ₹100 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)
=(561.844 / 3180.926) / (574.73 / 2451.479)
=0.176629 / 0.234442
=0.7534

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)
=(151.39 / 2451.479) / (164.774 / 3180.926)
=0.061755 / 0.051801
=1.1922

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 - (1157.858 + 240.43) / 1406.239) / (1 - (1050.506 + 217.998) / 1272.87)
=0.005654 / 0.00343
=1.6484

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
=3180.926 / 2451.479
=1.2976

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))
=(15.707 / (15.707 + 217.998)) / (26.025 / (26.025 + 240.43))
=0.067209 / 0.097671
=0.6881

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)
=(13.959 / 3180.926) / (15.776 / 2451.479)
=0.004388 / 0.006435
=0.6819

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)
=((76.4 + 955.757) / 1406.239) / ((99.964 + 835.681) / 1272.87)
=0.733984 / 0.735067
=0.9985

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
=(40.631 - 0 - 100.167) / 1406.239
=-0.042337

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.

Aristo Bio-Tech and Lifescience has a M-score of -2.26 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?
Aristo Bio-Tech and Lifescience (NSE:ARISTO) has a Beneish M-Score of 0.00 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Aristo Bio-Tech and Lifescience and its competitors. According to the industry distribution chart, Aristo Bio-Tech and Lifescience ranks #138 out of 245 companies in the Agriculture industry, placing it in the top 56.3%.
Is Aristo Bio-Tech and Lifescience's Beneish M-Score too high?
Aristo Bio-Tech and Lifescience's current Beneish M-Score is 0.00. Based on the distribution chart, Aristo Bio-Tech and Lifescience ranks #138 out of 245 companies in the Agriculture industry, which is below the industry midpoint. Overall, Aristo Bio-Tech and Lifescience has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Aristo Bio-Tech and Lifescience's Beneish M-Score compare to CTVA and CF?
According to the Agriculture industry distribution chart, Aristo Bio-Tech and Lifescience ranks #138 out of 245 companies for Beneish M-Score. This places Aristo Bio-Tech and Lifescience 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 an Agriculture company?
A good Beneish M-Score depends on the Agriculture 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 Aristo Bio-Tech and Lifescience and its competitors. Aristo Bio-Tech and Lifescience'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 Aristo Bio-Tech and Lifescience stock overvalued right now?
Aristo Bio-Tech and Lifescience (NSE:ARISTO) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Aristo Bio-Tech and Lifescience's overall GF Score™ is 59/100. 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 Aristo Bio-Tech and Lifescience (NSE:ARISTO), the current Beneish M-Score is 0.00 as of Jun. 30, 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.

Aristo Bio-Tech and Lifescience Business Description

Address E-24, 25, 26, G.I.D.C, Manjusar, Taluka Savli, Vadodara, GJ, IND, 391775
Aristo Bio-Tech and Lifescience Ltd is an agrochemical company. It is mainly engaged in the manufacturing, formulation, supplying, packaging and job work services of various pesticides. The company exports products like Insecticides, Herbicides, Fungicides, Plant Growth Regulators and a wide variety of other Agrochemicals.
59GF Score

Get the complete analysis for NSE:ARISTO

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

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