Cool Caps Industries (NSE:COOLCAPS) Beneish M-Score: -1.18 (As of Jul. 07, 2026)


NSE:COOLCAPS Cool Caps Industries Ltd NSE:COOLCAPS
69 GF Score
Price ₹24.30
GF Value ₹84.63
Valuation Possible Value Trap
! 6 Warning Signs
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What is Cool Caps Industries Beneish M-Score?

Cool Caps Industries NSE:COOLCAPS +2.53% 69 Beneish M-Score is -1.18 as of Jul. 07, 2026. GuruFocus rates NSE:COOLCAPS with a GF Score™ of 69/100 and a GF Value™ of ₹84.63 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 373 Packaging & Containers companies, Cool Caps Industries ranks worse than 89.28% 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 -1.18 higher than -1.78, which implies that the company might have manipulated its financial results.

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

NSE:COOLCAPS' s Beneish M-Score Range Over the Past 10 Years
Min: -2.25   Med: -1.18   Max: -0.24
Current: -1.18

During the past 7 years, the highest Beneish M-Score of Cool Caps Industries was -0.24. The lowest was -2.25. And the median was -1.18.

Cool Caps Industries Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Cool Caps Industries'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.

Cool Caps Industries Beneish M-Score Chart

Cool Caps Industries Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score
Get a 7-Day Free Trial -0.38 -1.60 -0.24 -2.25 -1.18

Cool Caps Industries Semi-Annual Data
Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score Get a 7-Day Free Trial -0.38 -1.60 -0.24 -2.25 -1.18

NSE:COOLCAPS vs SW, PKG, IP: Beneish M-Score Comparison

For the Packaging & Containers subindustry, Cool Caps Industries'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.

Cool Caps Industries Beneish M-Score vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Cool Caps Industries's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Cool Caps Industries's Beneish M-Score falls into.


NSE:COOLCAPS
69GF Score
Cool Caps Industries Ltd NSE:COOLCAPS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cool Caps Industries 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 Cool Caps Industries 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 * 1.5002+0.528 * 1.2066+0.404 * 1.601+0.892 * 1.5553+0.115 * 0.5727
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.4474+4.679 * 0.025365-0.327 * 1.0151
=-1.18

* 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 ₹635 Mil.
Revenue was ₹2,385 Mil.
Gross Profit was ₹217 Mil.
Total Current Assets was ₹1,117 Mil.
Total Assets was ₹2,512 Mil.
Property, Plant and Equipment(Net PPE) was ₹1,280 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹73 Mil.
Selling, General, & Admin. Expense(SGA) was ₹129 Mil.
Total Current Liabilities was ₹1,107 Mil.
Long-Term Debt & Capital Lease Obligation was ₹815 Mil.
Net Income was ₹120 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹56 Mil.
 Total Receivables was ₹272 Mil.
Revenue was ₹1,533 Mil.
Gross Profit was ₹168 Mil.
Total Current Assets was ₹699 Mil.
Total Assets was ₹1,856 Mil.
Property, Plant and Equipment(Net PPE) was ₹1,104 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹35 Mil.
Selling, General, & Admin. Expense(SGA) was ₹57 Mil.
Total Current Liabilities was ₹670 Mil.
Long-Term Debt & Capital Lease Obligation was ₹730 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)
=(634.991 / 2384.891) / (272.141 / 1533.376)
=0.266256 / 0.177478
=1.5002

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)
=(168.14 / 1533.376) / (216.735 / 2384.891)
=0.109653 / 0.090878
=1.2066

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 - (1116.833 + 1279.764) / 2511.727) / (1 - (698.726 + 1103.965) / 1855.825)
=0.045837 / 0.028631
=1.601

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
=2384.891 / 1533.376
=1.5553

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))
=(35.167 / (35.167 + 1103.965)) / (72.914 / (72.914 + 1279.764))
=0.030872 / 0.053903
=0.5727

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)
=(129.321 / 2384.891) / (57.447 / 1533.376)
=0.054225 / 0.037464
=1.4474

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)
=((815.4 + 1107.275) / 2511.727) / ((729.94 + 669.517) / 1855.825)
=0.765479 / 0.754089
=1.0151

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
=(119.712 - 0 - 56.003) / 2511.727
=0.025365

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.

Cool Caps Industries has a M-score of -1.18 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 -1.18 mean?
Cool Caps Industries (NSE:COOLCAPS) has a Beneish M-Score of -1.18 as of Jul. 07, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Cool Caps Industries and its competitors. According to the industry distribution chart, Cool Caps Industries ranks #333 out of 373 companies in the Packaging & Containers industry, placing it in the top 89.3%.
Is Cool Caps Industries' Beneish M-Score too high?
Cool Caps Industries' current Beneish M-Score is -1.18. Based on the distribution chart, Cool Caps Industries ranks #333 out of 373 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Cool Caps Industries has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cool Caps Industries' Beneish M-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Cool Caps Industries ranks #333 out of 373 companies for Beneish M-Score. This places Cool Caps Industries 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 Packaging & Containers company?
A good Beneish M-Score depends on the Packaging & Containers 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 Cool Caps Industries and its competitors. Cool Caps Industries's current Beneish M-Score is -1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cool Caps Industries stock overvalued right now?
Based on GuruFocus' analysis, Cool Caps Industries (NSE:COOLCAPS) is currently considered Possible Value Trap. The stock's GF Value™ is ₹84.63, compared to a current price of ₹24.30 — trading 71.3% below its estimated fair value. The current Beneish M-Score is -1.18. Cool Caps Industries' overall GF Score™ is 69/100 with 6 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 Cool Caps Industries (NSE:COOLCAPS), the current Beneish M-Score is -1.18 as of Jul. 07, 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 Cool Caps Industries (NSE:COOLCAPS) Overvalued in 2026?

Based on GuruFocus' analysis, Cool Caps Industries stock appears to be undervalued. The current stock price of ₹24.30 is trading 71.3% below its estimated GF Value™ of ₹84.63. GuruFocus considers Cool Caps Industries to be Possible Value Trap.

Key valuation signals for NSE:COOLCAPS:

  • Beneish M-Score: -1.18
  • GF Value™: ₹84.63 vs. price of ₹24.30 (71.3% below fair value)
  • GF Score™: 69/100 with 6 warning signs

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

Cool Caps Industries Business Description

Address 23, Sarat Bose Road, Annapurna Apartment, 1st Floor, Flat No. 1C, Kolkata, WB, IND, 700020
Cool Caps Industries Ltd is engaged in the business of manufacturing a range of plastic bottle caps and closures, such as plastic soda bottle caps, plastic soft drink bottle caps, plastic mineral water bottle caps, and plastic juice bottle caps. The Company is engaged in the manufacturing of Plastic Caps & Closures and trading of Shrink Films, Trading of Granules, Plastic Caps & Closures is the only segment.
69GF Score

Get the complete analysis for NSE:COOLCAPS

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

₹24.30
Price
₹84.63
GF Value