Bikewo Green Tech (NSE:BIKEWO) Beneish M-Score: 0.35 (As of Sep. 05, 2026) — Near Median

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NSE:BIKEWO Bikewo Green Tech Ltd NSE:BIKEWO
15 GF Score
Price ₹97.80
! 8 Warning Signs
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What is Bikewo Green Tech Beneish M-Score?

Bikewo Green Tech NSE:BIKEWO -4.96% 15 Beneish M-Score is 0.35 as of Sep. 05, 2026, which is at its 10-year median of 0.35. GuruFocus rates NSE:BIKEWO with a GF Score™ of 15/100. The stock has 8 warning signs investors should review. Among 1,297 Vehicles & Parts companies, Bikewo Green Tech ranks worse than 97.3% 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 0.35 higher than -1.78, which implies that the company might have manipulated its financial results.

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

NSE:BIKEWO' s Beneish M-Score Range Over the Past 10 Years
Min: -1.16   Med: 0.35   Max: 1
Current: 0.35

During the past 5 years, the highest Beneish M-Score of Bikewo Green Tech was 1.00. The lowest was -1.16. And the median was 0.35.

Bikewo Green Tech Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Bikewo Green Tech'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.

Bikewo Green Tech Beneish M-Score Chart

Bikewo Green Tech Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score
0.00 0.00 -1.16 1.00 0.35

Bikewo Green Tech Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score 0.00 0.00 -1.16 1.00 0.35

NSE:BIKEWO vs CVNA, PAG, ALTB: Beneish M-Score Comparison

For the Auto & Truck Dealerships subindustry, Bikewo Green Tech'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.

Bikewo Green Tech Beneish M-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bikewo Green Tech's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Bikewo Green Tech's Beneish M-Score falls into.


NSE:BIKEWO
15GF Score
Bikewo Green Tech Ltd NSE:BIKEWO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Bikewo Green Tech 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 Bikewo Green Tech 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 * 1.8203+0.528 * 1.664+0.404 * 0.553+0.892 * 0.9412+0.115 * 1.1039
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9439+4.679 * 0.351559-0.327 * 0.1128
=0.35

* 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 (Mar25) TTM:Last Year (Mar24) TTM:
Total Receivables was ₹130.1 Mil.
Revenue was ₹235.2 Mil.
Gross Profit was ₹28.5 Mil.
Total Current Assets was ₹275.0 Mil.
Total Assets was ₹407.6 Mil.
Property, Plant and Equipment(Net PPE) was ₹132.1 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹3.5 Mil.
Selling, General, & Admin. Expense(SGA) was ₹1.5 Mil.
Total Current Liabilities was ₹21.3 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.
Net Income was ₹6.6 Mil.
Gross Profit was ₹0.0 Mil.
Cash Flow from Operations was ₹-136.7 Mil.
 Total Receivables was ₹75.9 Mil.
Revenue was ₹249.9 Mil.
Gross Profit was ₹50.5 Mil.
Total Current Assets was ₹199.8 Mil.
Total Assets was ₹315.1 Mil.
Property, Plant and Equipment(Net PPE) was ₹114.6 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹3.4 Mil.
Selling, General, & Admin. Expense(SGA) was ₹1.6 Mil.
Total Current Liabilities was ₹134.0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹12.1 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)
=(130.126 / 235.196) / (75.949 / 249.879)
=0.553266 / 0.303943
=1.8203

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)
=(50.469 / 249.879) / (28.547 / 235.196)
=0.201974 / 0.121375
=1.664

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 - (275.031 + 132.077) / 407.638) / (1 - (199.794 + 114.6) / 315.135)
=0.0013 / 0.002351
=0.553

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
=235.196 / 249.879
=0.9412

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))
=(3.377 / (3.377 + 114.6)) / (3.516 / (3.516 + 132.077))
=0.028624 / 0.025931
=1.1039

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)
=(1.457 / 235.196) / (1.64 / 249.879)
=0.006195 / 0.006563
=0.9439

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)
=((0 + 21.319) / 407.638) / ((12.121 + 133.962) / 315.135)
=0.052299 / 0.463557
=0.1128

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
=(6.578 - 0 - -136.731) / 407.638
=0.351559

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.

Bikewo Green Tech has a M-score of 0.35 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 0.35 mean?
Bikewo Green Tech (NSE:BIKEWO) has a Beneish M-Score of 0.35 as of Sep. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bikewo Green Tech and its competitors. This is near median its historical median of 0.35. According to the industry distribution chart, Bikewo Green Tech ranks #1262 out of 1297 companies in the Vehicles & Parts industry, placing it in the top 97.3%.
Is Bikewo Green Tech's Beneish M-Score too high?
Bikewo Green Tech's current Beneish M-Score of 0.35 is near median its 10-year median of 0.35. Based on the distribution chart, Bikewo Green Tech ranks #1262 out of 1297 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Bikewo Green Tech has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Bikewo Green Tech's Beneish M-Score compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Bikewo Green Tech ranks #1262 out of 1297 companies for Beneish M-Score. This places Bikewo Green Tech 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Bikewo Green Tech and its competitors. Bikewo Green Tech's current Beneish M-Score is 0.35, which is near median its own 10-year median of 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bikewo Green Tech stock overvalued right now?
Bikewo Green Tech (NSE:BIKEWO) has a current Beneish M-Score of 0.35. The current Beneish M-Score is 0.35, which is near median its 10-year median of 0.35. Bikewo Green Tech's overall GF Score™ is 15/100 with 8 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 Bikewo Green Tech (NSE:BIKEWO), the current Beneish M-Score is 0.35 as of Sep. 05, 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.

Bikewo Green Tech Business Description

Address Lakshmi Sai Damam, Road No. 5, H.No. 1-90/7/B/38, Flat No. 201, 2nd Floor, Patrika Nagar, Shaikpet, Madhapur, Hyderabad, TG, IND, 500081
Bikewo Green Tech Ltd is an electric two-wheeler retailer in India. The company's business activities are operated through dealership models. It offers three types of dealerships to dealers such as State Dealership; Diamond Dealership and Platinum Dealership.
15GF 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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