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Biopol ChemicalsNSE:BIOPOL +0.31%20 Beneish M-Score is 5.82 as of Jul. 23, 2026, which is at its 10-year median of 5.82. GuruFocus rates NSE:BIOPOL with a GF Score™ of 20/100. The stock has 4 warning signs investors should review. Among 1,526 Chemicals companies, Biopol Chemicals ranks worse than 98.56% 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 5.82 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Biopol Chemicals's Beneish M-Score or its related term are showing as below:
NSE:BIOPOL'
s Beneish M-Score Range Over the Past 10 Years
Min: 5.82 Med: 5.82 Max: 5.82
Current: 5.82
During the past 3 years, the highest Beneish M-Score of Biopol Chemicals was 5.82. The lowest was 5.82. And the median was 5.82.
Biopol Chemicals Beneish M-Score Related Terms
Biopol Chemicals Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Biopol Chemicals'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.
Biopol Chemicals Beneish M-Score Chart
Biopol Chemicals Annual Data
Trend
Mar24
Mar25
Mar26
Beneish M-Score
0.00
0.00
5.82
Biopol Chemicals Semi-Annual Data
Mar24
Mar25
Mar26
Beneish M-Score
0.00
0.00
5.82
NSE:BIOPOL vs LIN, SHW, ECL: Beneish M-Score Comparison
For the Specialty Chemicals subindustry, Biopol Chemicals'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.
Biopol Chemicals Beneish M-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Biopol Chemicals's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Biopol Chemicals's Beneish M-Score falls into.
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 Biopol Chemicals 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 * 1.1878
+
0.528 * 0.8162
+
0.404 * 3.5776
+
0.892 * 1.6485
+
0.115 * 42.8766
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0
+
4.679 * 0.311573
-
0.327 * 0.4991
=
5.82
* 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.
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.
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))
=
(0.919 / (0.919 + 2.233))
/
(0.983 / (0.983 + 143.584))
=
0.291561
/
0.0068
=
42.8766
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
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
=
(89.741 - 0
-
-127.66)
/
697.753
=
0.311573
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.
Biopol Chemicals has a M-score of 5.82 signals that the company is likely to be a manipulator.
Biopol Chemicals (NSE:BIOPOL) has a Beneish M-Score of 5.82 as of Jul. 23, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Biopol Chemicals and its competitors. This is near median its historical median of 5.82. Over the past decade, Biopol Chemicals' Beneish M-Score has ranged from 5.82 to 5.82. According to the industry distribution chart, Biopol Chemicals ranks #1504 out of 1526 companies in the Chemicals industry, placing it in the top 98.6%.
Is Biopol Chemicals' Beneish M-Score too high?
Biopol Chemicals' current Beneish M-Score of 5.82 is near median its 10-year median of 5.82. Over the past 10 years, this metric has ranged from a low of 5.82 to a high of 5.82. Based on the distribution chart, Biopol Chemicals ranks #1504 out of 1526 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Biopol Chemicals has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Biopol Chemicals' Beneish M-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Biopol Chemicals ranks #1504 out of 1526 companies for Beneish M-Score. This places Biopol Chemicals in the lower half of its industry. Historically, Biopol Chemicals' own Beneish M-Score has ranged from 5.82 to 5.82 over the past decade. 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 Chemicals company?
A good Beneish M-Score depends on the Chemicals 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 Biopol Chemicals and its competitors. Biopol Chemicals's current Beneish M-Score is 5.82, which is near median its own 10-year median of 5.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Biopol Chemicals stock overvalued right now?
Biopol Chemicals (NSE:BIOPOL) has a current Beneish M-Score of 5.82. The current Beneish M-Score is 5.82, which is near median its 10-year median of 5.82. Biopol Chemicals' overall GF Score™ is 20/100 with 4 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 Biopol Chemicals (NSE:BIOPOL), the current Beneish M-Score is 5.82 as of Jul. 23, 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.
AddressStreet No 372 Action Area 1, Unit No 2ES3B1, 2nd Floor Mani Casadona, IIF Newtown Alia University, North 24 Parganas, Chakpachuria, New town, WB, IND, 700160
Biopol Chemicals Ltd is engaged in the business of trading, manufacturing and distribution of specialty chemicals under the categories of silicones, emulsifiers, biochemicals and polyelectrolytes. Its product portfolio consists of silicone-based products, emulsifier-based products, biochemical products and polyelectrolyte products. It serves various industry segments, including softeners, emulsions and hardeners for textiles; silicone fluids and cleaning chemicals for home care; silicone adjuvants and surfactants in agriculture; and release agents in industrial chemicals. The majority of the company's revenue is derived from the sale of its products to customers in the textile sector.
20GF Score
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