Avi Ansh Textile (NSE:AVIANSH) Beneish M-Score: -1.73 (As of Jun. 27, 2026)


NSE:AVIANSH Avi Ansh Textile Ltd NSE:AVIANSH
30 GF Score
Price ₹107.50
! 9 Warning Signs
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What is Avi Ansh Textile Beneish M-Score?

Avi Ansh Textile NSE:AVIANSH 30 Beneish M-Score is -1.73 as of Jun. 27, 2026. GuruFocus rates NSE:AVIANSH with a GF Score™ of 30/100. The stock has 9 warning signs investors should review. Among 1,001 Manufacturing - Apparel & Accessories companies, Avi Ansh Textile ranks worse than 81.22% 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 -1.73 higher than -1.78, which implies that the company might have manipulated its financial results.

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

NSE:AVIANSH' s Beneish M-Score Range Over the Past 10 Years
Min: -2.57   Med: -2.01   Max: -0.38
Current: -1.73

During the past 6 years, the highest Beneish M-Score of Avi Ansh Textile was -0.38. The lowest was -2.57. And the median was -2.01.

Avi Ansh Textile Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Avi Ansh Textile'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.

Avi Ansh Textile Beneish M-Score Chart

Avi Ansh Textile Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial 0.00 -2.57 -0.38 -2.28 -1.73

Avi Ansh Textile Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Mar26
Beneish M-Score Get a 7-Day Free Trial 0.00 -0.38 0.00 -2.28 -1.73

Avi Ansh Textile Beneish M-Score Competitor Comparison

For the Textile Manufacturing subindustry, Avi Ansh Textile'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.

Avi Ansh Textile Beneish M-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Avi Ansh Textile's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Avi Ansh Textile's Beneish M-Score falls into.


NSE:AVIANSH
30GF Score
Avi Ansh Textile Ltd NSE:AVIANSH
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Avi Ansh Textile 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 Avi Ansh Textile 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 * 1.4275+0.528 * 0.9592+0.404 * 0.7631+0.892 * 1.0525+0.115 * 1.2854
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.061622-0.327 * 1.1998
=-1.73

* 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 ₹212.3 Mil.
Revenue was ₹1,412.9 Mil.
Gross Profit was ₹449.0 Mil.
Total Current Assets was ₹630.8 Mil.
Total Assets was ₹887.5 Mil.
Property, Plant and Equipment(Net PPE) was ₹242.2 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹31.4 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.0 Mil.
Total Current Liabilities was ₹333.8 Mil.
Long-Term Debt & Capital Lease Obligation was ₹112.7 Mil.
Net Income was ₹13.0 Mil.
Gross Profit was ₹0.0 Mil.
Cash Flow from Operations was ₹-41.7 Mil.
 Total Receivables was ₹141.3 Mil.
Revenue was ₹1,342.4 Mil.
Gross Profit was ₹409.2 Mil.
Total Current Assets was ₹529.7 Mil.
Total Assets was ₹736.7 Mil.
Property, Plant and Equipment(Net PPE) was ₹191.2 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹33.1 Mil.
Selling, General, & Admin. Expense(SGA) was ₹39.1 Mil.
Total Current Liabilities was ₹223.2 Mil.
Long-Term Debt & Capital Lease Obligation was ₹85.7 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)
=(212.284 / 1412.858) / (141.3 / 1342.432)
=0.150251 / 0.105257
=1.4275

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)
=(409.177 / 1342.432) / (448.959 / 1412.858)
=0.304803 / 0.317767
=0.9592

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 - (630.787 + 242.154) / 887.461) / (1 - (529.7 + 191.245) / 736.741)
=0.016361 / 0.02144
=0.7631

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
=1412.858 / 1342.432
=1.0525

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))
=(33.062 / (33.062 + 191.245)) / (31.364 / (31.364 + 242.154))
=0.147396 / 0.114669
=1.2854

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 / 1412.858) / (39.143 / 1342.432)
=0 / 0.029158
=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)
=((112.669 + 333.803) / 887.461) / ((85.709 + 223.227) / 736.741)
=0.503089 / 0.419328
=1.1998

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
=(12.969 - 0 - -41.718) / 887.461
=0.061622

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.

Avi Ansh Textile has a M-score of -1.73 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 -1.73 mean?
Avi Ansh Textile (NSE:AVIANSH) has a Beneish M-Score of -1.73 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Avi Ansh Textile and its competitors. According to the industry distribution chart, Avi Ansh Textile ranks #813 out of 1001 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 81.2%.
Is Avi Ansh Textile's Beneish M-Score too high?
Avi Ansh Textile's current Beneish M-Score is -1.73. Based on the distribution chart, Avi Ansh Textile ranks #813 out of 1001 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Avi Ansh Textile has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Avi Ansh Textile's Beneish M-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Avi Ansh Textile ranks #813 out of 1001 companies for Beneish M-Score. This places Avi Ansh Textile 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Avi Ansh Textile and its competitors. Avi Ansh Textile's current Beneish M-Score is -1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avi Ansh Textile stock overvalued right now?
Avi Ansh Textile (NSE:AVIANSH) has a current Beneish M-Score of -1.73. The current Beneish M-Score is -1.73. Avi Ansh Textile's overall GF Score™ is 30/100 with 9 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 Avi Ansh Textile (NSE:AVIANSH), the current Beneish M-Score is -1.73 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.

Avi Ansh Textile Business Description

Address 402, 4th Floor, Aggarwal Cyber Plaza-1, Netaji Subhash Place, Pitampura, Delhi, IND, 110034
Avi Ansh Textile Ltd manufactures and exports cotton yarn, including combed, carded, and hosiery yarns with various counts. The company operates spinning factories with a substantial spindle capacity producing tons of cotton yarn annually. Avi Ansh has expanded into fabric production and knitting, offering products such as Single Jersey, Rib Knit, and Interlock fabric. It serves domestic and international textile markets and generates revenue through the sale of its yarn and fabric products.
30GF Score

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

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