C K K Retail Mart (NSE:CKKRETAIL) Beneish M-Score: 1.26 (As of Aug. 20, 2026)

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NSE:CKKRETAIL C K K Retail Mart Ltd NSE:CKKRETAIL
20 GF Score
Price ₹149.00
! 5 Warning Signs
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What is C K K Retail Mart Beneish M-Score?

C K K Retail Mart NSE:CKKRETAIL +2.05% 20 Beneish M-Score is 1.26 as of Aug. 20, 2026. GuruFocus rates NSE:CKKRETAIL with a GF Score™ of 20/100. The stock has 5 warning signs investors should review. Among 295 Retail - Defensive companies, C K K Retail Mart ranks worse than 95.59% 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 1.26 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for C K K Retail Mart's Beneish M-Score or its related term are showing as below:

NSE:CKKRETAIL' s Beneish M-Score Range Over the Past 10 Years
Min: -1.63   Med: -0.19   Max: 1.26
Current: 1.26

During the past 4 years, the highest Beneish M-Score of C K K Retail Mart was 1.26. The lowest was -1.63. And the median was -0.19.

C K K Retail Mart Beneish M-Score Historical Data

* Premium members only.

The historical data trend for C K K Retail Mart'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.

C K K Retail Mart Beneish M-Score Chart

C K K Retail Mart Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -1.63 1.26

C K K Retail Mart Semi-Annual Data
Mar23 Mar24 Mar25 Sep25 Mar26
Beneish M-Score 0.00 0.00 -1.63 0.00 1.26

NSE:CKKRETAIL vs SYY, USFD, PFGC: Beneish M-Score Comparison

For the Food Distribution subindustry, C K K Retail Mart'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.

C K K Retail Mart Beneish M-Score vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, C K K Retail Mart's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where C K K Retail Mart's Beneish M-Score falls into.


NSE:CKKRETAIL
20GF Score
C K K Retail Mart Ltd NSE:CKKRETAIL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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C K K Retail Mart 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 C K K Retail Mart 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 * 2.4765+0.528 * 1.4511+0.404 * 2.5213+0.892 * 0.8978+0.115 * 1.0012
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.253692-0.327 * 0.2004
=1.26

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was ₹334 Mil.
Revenue was ₹2,702 Mil.
Gross Profit was ₹165 Mil.
Total Current Assets was ₹1,252 Mil.
Total Assets was ₹1,269 Mil.
Property, Plant and Equipment(Net PPE) was ₹10 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹4 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹95 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 Mil.
Net Income was ₹105 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-217 Mil.
 Total Receivables was ₹150 Mil.
Revenue was ₹3,009 Mil.
Gross Profit was ₹266 Mil.
Total Current Assets was ₹665 Mil.
Total Assets was ₹681 Mil.
Property, Plant and Equipment(Net PPE) was ₹14 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹7 Mil.
Selling, General, & Admin. Expense(SGA) was ₹11 Mil.
Total Current Liabilities was ₹255 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 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)
=(334.199 / 2701.893) / (150.304 / 3009.324)
=0.123691 / 0.049946
=2.4765

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)
=(266.435 / 3009.324) / (164.853 / 2701.893)
=0.088536 / 0.061014
=1.4511

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 - (1252.371 + 9.684) / 1269.108) / (1 - (665.246 + 14.199) / 680.946)
=0.005557 / 0.002204
=2.5213

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
=2701.893 / 3009.324
=0.8978

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))
=(6.602 / (6.602 + 14.199)) / (4.495 / (4.495 + 9.684))
=0.317389 / 0.317018
=1.0012

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 / 2701.893) / (10.659 / 3009.324)
=0 / 0.003542
=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)
=((0 + 95.27) / 1269.108) / ((0 + 255.054) / 680.946)
=0.075068 / 0.374558
=0.2004

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
=(105.321 - 0 - -216.642) / 1269.108
=0.253692

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.

C K K Retail Mart has a M-score of 1.26 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 1.26 mean?
C K K Retail Mart (NSE:CKKRETAIL) has a Beneish M-Score of 1.26 as of Aug. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on C K K Retail Mart and its competitors. According to the industry distribution chart, C K K Retail Mart ranks #282 out of 295 companies in the Retail - Defensive industry, placing it in the top 95.6%.
Is C K K Retail Mart's Beneish M-Score too high?
C K K Retail Mart's current Beneish M-Score is 1.26. Based on the distribution chart, C K K Retail Mart ranks #282 out of 295 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, C K K Retail Mart has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does C K K Retail Mart's Beneish M-Score compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, C K K Retail Mart ranks #282 out of 295 companies for Beneish M-Score. This places C K K Retail Mart 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 Retail - Defensive company?
A good Beneish M-Score depends on the Retail - Defensive 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 C K K Retail Mart and its competitors. C K K Retail Mart's current Beneish M-Score is 1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is C K K Retail Mart stock overvalued right now?
C K K Retail Mart (NSE:CKKRETAIL) has a current Beneish M-Score of 1.26. The current Beneish M-Score is 1.26. C K K Retail Mart's overall GF Score™ is 20/100 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 C K K Retail Mart (NSE:CKKRETAIL), the current Beneish M-Score is 1.26 as of Aug. 20, 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.

C K K Retail Mart Business Description

Address S S Amrutwar Lane, Aurus Chambers, B - 418, Near Mahindra Tower, Worli, Mumbai, MH, IND, 400013
C K K Retail Mart Ltd is engaged in the distribution of packaged products catering to both retail and wholesale businesses. It is focused on the distribution and trading of packaged agro-commodities such as sugar, pulses and ghee across regions including Maharashtra, Bihar, West Bengal, and the north-eastern states of India. The company's revenue is generated through two distribution models: i) Three-Tier Distribution Model: In this structure, the company supplies products to super stockists, who in turn distribute them to distributors. ii) Direct-to-Distributor Model: In this approach, the company supplies products directly to distributors, bypassing super stockists. The majority of its revenue is derived from the Three-Tier Distribution Model.
20GF 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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