Credent Connect N Care (NSE:CREDENT) Beneish M-Score: 0.00 (As of Aug. 31, 2026)

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NSE:CREDENT Credent Connect N Care Ltd NSE:CREDENT
14 GF Score
Price ₹349.10
! 1 Warning Sign
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What is Credent Connect N Care Beneish M-Score?

Credent Connect N Care NSE:CREDENT -2.25% 14 Beneish M-Score is 0.00 as of Aug. 31, 2026. GuruFocus rates NSE:CREDENT with a GF Score™ of 14/100. The stock has 1 warning sign investors should review. Among 115 Medical Distribution companies, Credent Connect N Care ranks worse than 869564.35% 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.

The historical rank and industry rank for Credent Connect N Care's Beneish M-Score or its related term are showing as below:

During the past 4 years, the highest Beneish M-Score of Credent Connect N Care was 0.00. The lowest was 0.00. And the median was 0.00.

Credent Connect N Care Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Credent Connect N Care'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.

Credent Connect N Care Beneish M-Score Chart

Credent Connect N Care Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 0.00 0.00

Credent Connect N Care Quarterly Data
Mar23 Mar24 Mar25 Sep25 Mar26
Beneish M-Score 0.00 0.00 0.00 0.00 0.00

NSE:CREDENT vs MCK, COR, CAH: Beneish M-Score Comparison

For the Medical Distribution subindustry, Credent Connect N Care'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.

Credent Connect N Care Beneish M-Score vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Credent Connect N Care's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Credent Connect N Care's Beneish M-Score falls into.


NSE:CREDENT
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Credent Connect N Care Ltd NSE:CREDENT
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Credent Connect N Care 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 Credent Connect N Care 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 * 1.192+0.528 * 0.9791+0.404 * 0.884+0.892 * 2.7477+0.115 * 0.7022
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.3665+4.679 * 0.307365-0.327 * 1.0203
=0.70

* 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 ₹591 Mil.
Revenue was ₹2,142 Mil.
Gross Profit was ₹1,410 Mil.
Total Current Assets was ₹631 Mil.
Total Assets was ₹816 Mil.
Property, Plant and Equipment(Net PPE) was ₹89 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹31 Mil.
Selling, General, & Admin. Expense(SGA) was ₹13 Mil.
Total Current Liabilities was ₹306 Mil.
Long-Term Debt & Capital Lease Obligation was ₹52 Mil.
Net Income was ₹184 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-66 Mil.
 Total Receivables was ₹181 Mil.
Revenue was ₹779 Mil.
Gross Profit was ₹502 Mil.
Total Current Assets was ₹194 Mil.
Total Assets was ₹295 Mil.
Property, Plant and Equipment(Net PPE) was ₹62 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹14 Mil.
Selling, General, & Admin. Expense(SGA) was ₹13 Mil.
Total Current Liabilities was ₹123 Mil.
Long-Term Debt & Capital Lease Obligation was ₹4 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)
=(591.253 / 2141.618) / (180.529 / 779.426)
=0.276078 / 0.231618
=1.192

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)
=(502.347 / 779.426) / (1409.771 / 2141.618)
=0.644509 / 0.658274
=0.9791

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 - (630.513 + 88.908) / 815.682) / (1 - (193.558 + 62.016) / 294.951)
=0.118013 / 0.133504
=0.884

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
=2141.618 / 779.426
=2.7477

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))
=(13.778 / (13.778 + 62.016)) / (31.055 / (31.055 + 88.908))
=0.181782 / 0.258871
=0.7022

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)
=(13.228 / 2141.618) / (13.138 / 779.426)
=0.006177 / 0.016856
=0.3665

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)
=((51.98 + 306.307) / 815.682) / ((3.755 + 123.224) / 294.951)
=0.439248 / 0.430509
=1.0203

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
=(184.478 - 0 - -66.234) / 815.682
=0.307365

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.

Credent Connect N Care has a M-score of 0.70 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 0.00 mean?
Credent Connect N Care (NSE:CREDENT) has a Beneish M-Score of 0.00 as of Aug. 31, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Credent Connect N Care and its competitors. According to the industry distribution chart, Credent Connect N Care ranks #999999 out of 115 companies in the Medical Distribution industry.
Is Credent Connect N Care's Beneish M-Score too high?
Credent Connect N Care's current Beneish M-Score is 0.00. Based on the distribution chart, Credent Connect N Care ranks #999999 out of 115 companies in the Medical Distribution industry, which is in the bottom quartile relative to peers. Overall, Credent Connect N Care has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Credent Connect N Care's Beneish M-Score compare to MCK and COR?
According to the Medical Distribution industry distribution chart, Credent Connect N Care ranks #999999 out of 115 companies for Beneish M-Score. This places Credent Connect N Care 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 Medical Distribution company?
A good Beneish M-Score depends on the Medical Distribution 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 Credent Connect N Care and its competitors. Credent Connect N Care's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Credent Connect N Care stock overvalued right now?
Credent Connect N Care (NSE:CREDENT) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Credent Connect N Care's overall GF Score™ is 14/100 with 1 warning sign 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 Credent Connect N Care (NSE:CREDENT), the current Beneish M-Score is 0.00 as of Aug. 31, 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.

Credent Connect N Care Business Description

Address Nimri Commercial Complex, B-3, Second Floor, Ashok Vihar, Phase-4, New Delhi, IND, 110 052
Credent Connect N Care Ltd is a healthcare services provider engaged in delivering integrated logistics, workforce solutions, and technology-enabled support to healthcare institutions across India. It provides comprehensive operational and logistics services to diagnostic laboratories, In Vitro Diagnostics (IVD) companies, pharmaceutical companies, clinics, and other healthcare enterprises. The company's offerings include home sample collection through trained phlebotomists; Operations & Supply Chain Services through stationed phlebotomy teams at laboratories and hospitals; deployment of skilled laboratory technicians and paramedical staff for internal operations; and specialized inter-state and intra-state logistics services. The majority of revenue is derived from Healthcare services.
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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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