Mrs Bectors Food Specialities (NSE:BECTORFOOD) Beneish M-Score: -1.85 (As of Jun. 25, 2026)


NSE:BECTORFOOD Mrs Bectors Food Specialities Ltd NSE:BECTORFOOD
77 GF Score
Price ₹189.53
GF Value ₹309.96
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Mrs Bectors Food Specialities Beneish M-Score?

Mrs Bectors Food Specialities NSE:BECTORFOOD +2.38% 77 Beneish M-Score is -1.85 as of Jun. 25, 2026. GuruFocus rates NSE:BECTORFOOD with a GF Score™ of 77/100 and a GF Value™ of ₹309.96 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, Mrs Bectors Food Specialities ranks worse than 81.83% 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 -1.85 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Mrs Bectors Food Specialities's Beneish M-Score or its related term are showing as below:

NSE:BECTORFOOD' s Beneish M-Score Range Over the Past 10 Years
Min: -3.31   Med: -2.45   Max: -1.85
Current: -1.85

During the past 9 years, the highest Beneish M-Score of Mrs Bectors Food Specialities was -1.85. The lowest was -3.31. And the median was -2.45.


Mrs Bectors Food Specialities Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Mrs Bectors Food Specialities'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.

Mrs Bectors Food Specialities Beneish M-Score Chart

Mrs Bectors Food Specialities Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only -2.57 -2.00 -2.45 -2.30 -1.85

Mrs Bectors Food Specialities Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.30 0.00 0.00 0.00 -1.85

NSE:BECTORFOOD vs KHC, GIS: Beneish M-Score Comparison

For the Packaged Foods subindustry, Mrs Bectors Food Specialities'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.


Mrs Bectors Food Specialities Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mrs Bectors Food Specialities's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Mrs Bectors Food Specialities's Beneish M-Score falls into.


NSE:BECTORFOOD
77GF Score
Mrs Bectors Food Specialities Ltd NSE:BECTORFOOD
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mrs Bectors Food Specialities 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 Mrs Bectors Food Specialities 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 * 1.0528+0.528 * 1.0215+0.404 * 2.299+0.892 * 1.0906+0.115 * 0.9438
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * -0.045583-0.327 * 0.9622
=-1.85

* 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 ₹1,725 Mil.
Revenue was ₹20,436 Mil.
Gross Profit was ₹9,237 Mil.
Total Current Assets was ₹5,892 Mil.
Total Assets was ₹16,873 Mil.
Property, Plant and Equipment(Net PPE) was ₹10,128 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹897 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹2,583 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,348 Mil.
Net Income was ₹1,409 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹2,178 Mil.
Total Receivables was ₹1,502 Mil.
Revenue was ₹18,739 Mil.
Gross Profit was ₹8,653 Mil.
Total Current Assets was ₹6,188 Mil.
Total Assets was ₹15,659 Mil.
Property, Plant and Equipment(Net PPE) was ₹9,127 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹759 Mil.
Selling, General, & Admin. Expense(SGA) was ₹2,147 Mil.
Total Current Liabilities was ₹2,694 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,096 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)
=(1724.94 / 20435.63) / (1502.4 / 18738.78)
=0.084408 / 0.080176
=1.0528

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)
=(8652.52 / 18738.78) / (9237.43 / 20435.63)
=0.461744 / 0.452026
=1.0215

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 - (5892.43 + 10128.02) / 16873.37) / (1 - (6187.69 + 9126.59) / 15658.57)
=0.050548 / 0.021987
=2.299

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
=20435.63 / 18738.78
=1.0906

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))
=(758.72 / (758.72 + 9126.59)) / (896.54 / (896.54 + 10128.02))
=0.076752 / 0.081322
=0.9438

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 / 20435.63) / (2147.04 / 18738.78)
=0 / 0.114577
=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)
=((1347.85 + 2582.66) / 16873.37) / ((1096.28 + 2694.49) / 15658.57)
=0.232942 / 0.242089
=0.9622

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
=(1408.81 - 0 - 2177.95) / 16873.37
=-0.045583

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.

Mrs Bectors Food Specialities has a M-score of -1.85 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 -1.85 mean?
Mrs Bectors Food Specialities (NSE:BECTORFOOD) has a Beneish M-Score of -1.85 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Mrs Bectors Food Specialities and its competitors. According to the industry distribution chart, Mrs Bectors Food Specialities ranks #1513 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 81.8%.
Is Mrs Bectors Food Specialities' Beneish M-Score too high?
Mrs Bectors Food Specialities' current Beneish M-Score is -1.85. Based on the distribution chart, Mrs Bectors Food Specialities ranks #1513 out of 1849 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Mrs Bectors Food Specialities has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mrs Bectors Food Specialities' Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Mrs Bectors Food Specialities ranks #1513 out of 1849 companies for Beneish M-Score. This places Mrs Bectors Food Specialities 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Mrs Bectors Food Specialities and its competitors. Mrs Bectors Food Specialities's current Beneish M-Score is -1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mrs Bectors Food Specialities stock overvalued right now?
Based on GuruFocus' analysis, Mrs Bectors Food Specialities (NSE:BECTORFOOD) is currently considered Possible Value Trap. The stock's GF Value™ is ₹309.96, compared to a current price of ₹189.53 — trading 38.9% below its estimated fair value. The current Beneish M-Score is -1.85. Mrs Bectors Food Specialities' overall GF Score™ is 77/100 with 5 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 Mrs Bectors Food Specialities (NSE:BECTORFOOD), the current Beneish M-Score is -1.85 as of Jun. 25, 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.

Is Mrs Bectors Food Specialities (NSE:BECTORFOOD) Overvalued in 2026?

Based on GuruFocus' analysis, Mrs Bectors Food Specialities stock appears to be undervalued. The current stock price of ₹189.53 is trading 38.9% below its estimated GF Value™ of ₹309.96. GuruFocus considers Mrs Bectors Food Specialities to be Possible Value Trap.

Key valuation signals for NSE:BECTORFOOD:

  • Beneish M-Score: -1.85
  • GF Value™: ₹309.96 vs. price of ₹189.53 (38.9% below fair value)
  • GF Score™: 77/100 with 5 warning signs

No single metric tells the full story. See the NSE:BECTORFOOD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mrs Bectors Food Specialities Business Description

Other Exchanges 543253:India
Address Golf Course Extension Road, Sector 61, 1st Floor, Emaar Digital Green, Tower-A, Gurugram, HR, IND, 122102
Mrs Bectors Food Specialities Ltd is engaged in the business of manufacturing and distributing food products, catering to both domestic and export markets. Its product portfolio comprises breads, buns, pizza bases, cookies, and others, which are marketed through Cremica and English Oven brands. Geographically, the company generates maximum revenue from its business in India, and also exports its products to other countries.
77GF Score

Get the complete analysis for NSE:BECTORFOOD

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

₹189.53
Price
₹309.96
GF Value