Control Print (NSE:CONTROLPR) Beneish M-Score: -2.31 (As of Jun. 26, 2026)


NSE:CONTROLPR Control Print Ltd NSE:CONTROLPR
87 GF Score
Price ₹640.05
GF Value ₹936.66
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Control Print Beneish M-Score?

Control Print NSE:CONTROLPR -0.09% 87 Beneish M-Score is -2.31 as of Jun. 26, 2026. GuruFocus rates NSE:CONTROLPR with a GF Score™ of 87/100 and a GF Value™ of ₹936.66 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,926 Industrial Products companies, Control Print ranks worse than 61.96% 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 -2.31 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

NSE:CONTROLPR' s Beneish M-Score Range Over the Past 10 Years
Min: -2.68   Med: -2.44   Max: -0.97
Current: -2.31

During the past 13 years, the highest Beneish M-Score of Control Print was -0.97. The lowest was -2.68. And the median was -2.44.


Control Print Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Control Print'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.

Control Print Beneish M-Score Chart

Control Print Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.68 -1.31 -2.35 -0.97 -2.31

Control Print 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 -0.97 0.00 0.00 0.00 -2.31

Control Print Beneish M-Score Competitor Comparison

For the Business Equipment & Supplies subindustry, Control Print'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.


Control Print Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Control Print's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Control Print's Beneish M-Score falls into.


NSE:CONTROLPR
87GF Score
Control Print Ltd NSE:CONTROLPR
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Control Print 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 Control Print 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 * 1.1275+0.528 * 0.9713+0.404 * 0.7411+0.892 * 1.1339+0.115 * 0.945
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * -0.010352-0.327 * 1.1916
=-2.31

* 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 ₹1,187 Mil.
Revenue was ₹4,820 Mil.
Gross Profit was ₹2,757 Mil.
Total Current Assets was ₹3,675 Mil.
Total Assets was ₹5,811 Mil.
Property, Plant and Equipment(Net PPE) was ₹1,568 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹186 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹1,128 Mil.
Long-Term Debt & Capital Lease Obligation was ₹40 Mil.
Net Income was ₹436 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹496 Mil.
Total Receivables was ₹929 Mil.
Revenue was ₹4,250 Mil.
Gross Profit was ₹2,362 Mil.
Total Current Assets was ₹2,934 Mil.
Total Assets was ₹5,081 Mil.
Property, Plant and Equipment(Net PPE) was ₹1,477 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹165 Mil.
Selling, General, & Admin. Expense(SGA) was ₹295 Mil.
Total Current Liabilities was ₹804 Mil.
Long-Term Debt & Capital Lease Obligation was ₹53 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)
=(1187.316 / 4819.558) / (928.64 / 4250.272)
=0.246354 / 0.21849
=1.1275

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)
=(2362.047 / 4250.272) / (2757.463 / 4819.558)
=0.55574 / 0.57214
=0.9713

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 - (3674.901 + 1568.144) / 5810.757) / (1 - (2934.446 + 1476.998) / 5081.361)
=0.0977 / 0.131838
=0.7411

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
=4819.558 / 4250.272
=1.1339

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))
=(164.507 / (164.507 + 1476.998)) / (186.027 / (186.027 + 1568.144))
=0.100217 / 0.106048
=0.945

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 / 4819.558) / (295.464 / 4250.272)
=0 / 0.069516
=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)
=((40.342 + 1127.822) / 5810.757) / ((52.84 + 804.424) / 5081.361)
=0.201035 / 0.168708
=1.1916

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
=(436.013 - 0 - 496.165) / 5810.757
=-0.010352

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.

Control Print has a M-score of -2.31 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 -2.31 mean?
Control Print (NSE:CONTROLPR) has a Beneish M-Score of -2.31 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Control Print and its competitors. According to the industry distribution chart, Control Print ranks #1813 out of 2926 companies in the Industrial Products industry, placing it in the top 62%.
Is Control Print's Beneish M-Score too high?
Control Print's current Beneish M-Score is -2.31. Based on the distribution chart, Control Print ranks #1813 out of 2926 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Control Print has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Control Print's Beneish M-Score compare to competitors?
According to the Industrial Products industry distribution chart, Control Print ranks #1813 out of 2926 companies for Beneish M-Score. This places Control Print 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Control Print and its competitors. Control Print's current Beneish M-Score is -2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Control Print stock overvalued right now?
Based on GuruFocus' analysis, Control Print (NSE:CONTROLPR) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹936.66, compared to a current price of ₹640.05 — trading 31.7% below its estimated fair value. The current Beneish M-Score is -2.31. Control Print's overall GF Score™ is 87/100 with 3 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 Control Print (NSE:CONTROLPR), the current Beneish M-Score is -2.31 as of Jun. 26, 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 Control Print (NSE:CONTROLPR) Overvalued in 2026?

Based on GuruFocus' analysis, Control Print stock appears to be undervalued. The current stock price of ₹640.05 is trading 31.7% below its estimated GF Value™ of ₹936.66. GuruFocus considers Control Print to be Significantly Undervalued.

Key valuation signals for NSE:CONTROLPR:

  • Beneish M-Score: -2.31
  • GF Value™: ₹936.66 vs. price of ₹640.05 (31.7% below fair value)
  • GF Score™: 87/100 with 3 warning signs

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


Control Print Business Description

Other Exchanges 522295:India
Address Andheri-Kurla Road, C-106, Hind Saurashtra Industrial Estate, Marol Naka, Andheri (East), Mumbai, MH, IND, 400059
Control Print Ltd is engaged in manufacturing and supplying coding and marking machines, its related consumables, and surgical and N95 masks. Its product portfolio includes Continuous InkJet Printers, Laser Printers, Large Character Printers, and Consumables among others. Its products have applications in Cement, Electronics, FMCG, Automotives, and other industries.
87GF Score

Get the complete analysis for NSE:CONTROLPR

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

₹640.05
Price
₹936.66
GF Value