Deccan Transcon Leasing (NSE:DECCANTRAN) Beneish M-Score: -1.30 (As of Jul. 10, 2026)


NSE:DECCANTRAN Deccan Transcon Leasing Ltd NSE:DECCANTRAN
17 GF Score
Price ₹23.00
! 7 Warning Signs
View Full Analysis

What is Deccan Transcon Leasing Beneish M-Score?

Deccan Transcon Leasing NSE:DECCANTRAN 17 Beneish M-Score is -1.30 as of Jul. 10, 2026. GuruFocus rates NSE:DECCANTRAN with a GF Score™ of 17/100. The stock has 7 warning signs investors should review. Among 964 Transportation companies, Deccan Transcon Leasing ranks worse than 90.04% 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 -1.3 higher than -1.78, which implies that the company might have manipulated its financial results.

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

NSE:DECCANTRAN' s Beneish M-Score Range Over the Past 10 Years
Min: -1.7   Med: -1.3   Max: -1.21
Current: -1.3

During the past 5 years, the highest Beneish M-Score of Deccan Transcon Leasing was -1.21. The lowest was -1.70. And the median was -1.30.

Deccan Transcon Leasing Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Deccan Transcon Leasing'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.

Deccan Transcon Leasing Beneish M-Score Chart

Deccan Transcon Leasing Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score
0.00 0.00 -1.70 -1.21 -1.30

Deccan Transcon Leasing Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score 0.00 0.00 -1.70 -1.21 -1.30

NSE:DECCANTRAN vs UPS, FDX, JBHT: Beneish M-Score Comparison

For the Integrated Freight & Logistics subindustry, Deccan Transcon Leasing'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.

Deccan Transcon Leasing Beneish M-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Deccan Transcon Leasing's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Deccan Transcon Leasing's Beneish M-Score falls into.


NSE:DECCANTRAN
17GF Score
Deccan Transcon Leasing Ltd NSE:DECCANTRAN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Deccan Transcon Leasing 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 Deccan Transcon Leasing 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 * 1.4711+0.528 * 0.8634+0.404 * 0.6579+0.892 * 1.0902+0.115 * 2.6896
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.2342+4.679 * 0.133444-0.327 * 0.7121
=-1.30

* 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 ₹701 Mil.
Revenue was ₹1,663 Mil.
Gross Profit was ₹1,571 Mil.
Total Current Assets was ₹800 Mil.
Total Assets was ₹1,510 Mil.
Property, Plant and Equipment(Net PPE) was ₹637 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹18 Mil.
Selling, General, & Admin. Expense(SGA) was ₹1,390 Mil.
Total Current Liabilities was ₹394 Mil.
Long-Term Debt & Capital Lease Obligation was ₹137 Mil.
Net Income was ₹47 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-155 Mil.
 Total Receivables was ₹437 Mil.
Revenue was ₹1,526 Mil.
Gross Profit was ₹1,244 Mil.
Total Current Assets was ₹490 Mil.
Total Assets was ₹772 Mil.
Property, Plant and Equipment(Net PPE) was ₹225 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹18 Mil.
Selling, General, & Admin. Expense(SGA) was ₹1,033 Mil.
Total Current Liabilities was ₹263 Mil.
Long-Term Debt & Capital Lease Obligation was ₹118 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)
=(700.69 / 1663.126) / (436.906 / 1525.571)
=0.421309 / 0.286389
=1.4711

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)
=(1243.893 / 1525.571) / (1570.661 / 1663.126)
=0.815362 / 0.944403
=0.8634

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 - (799.927 + 637.236) / 1509.855) / (1 - (490.274 + 225.379) / 772.158)
=0.048145 / 0.073178
=0.6579

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
=1663.126 / 1525.571
=1.0902

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))
=(18.443 / (18.443 + 225.379)) / (18.44 / (18.44 + 637.236))
=0.075641 / 0.028124
=2.6896

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)
=(1389.511 / 1663.126) / (1032.727 / 1525.571)
=0.835481 / 0.676945
=1.2342

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)
=((137.459 + 393.626) / 1509.855) / ((118.452 + 262.934) / 772.158)
=0.351746 / 0.493922
=0.7121

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
=(46.595 - 0 - -154.886) / 1509.855
=0.133444

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.

Deccan Transcon Leasing has a M-score of -1.30 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 -1.30 mean?
Deccan Transcon Leasing (NSE:DECCANTRAN) has a Beneish M-Score of -1.30 as of Jul. 10, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Deccan Transcon Leasing and its competitors. According to the industry distribution chart, Deccan Transcon Leasing ranks #868 out of 964 companies in the Transportation industry, placing it in the top 90%.
Is Deccan Transcon Leasing's Beneish M-Score too high?
Deccan Transcon Leasing's current Beneish M-Score is -1.30. Based on the distribution chart, Deccan Transcon Leasing ranks #868 out of 964 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Deccan Transcon Leasing has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Deccan Transcon Leasing's Beneish M-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, Deccan Transcon Leasing ranks #868 out of 964 companies for Beneish M-Score. This places Deccan Transcon Leasing 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 Transportation company?
A good Beneish M-Score depends on the Transportation 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 Deccan Transcon Leasing and its competitors. Deccan Transcon Leasing's current Beneish M-Score is -1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deccan Transcon Leasing stock overvalued right now?
Deccan Transcon Leasing (NSE:DECCANTRAN) has a current Beneish M-Score of -1.30. The current Beneish M-Score is -1.30. Deccan Transcon Leasing's overall GF Score™ is 17/100 with 7 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 Deccan Transcon Leasing (NSE:DECCANTRAN), the current Beneish M-Score is -1.30 as of Jul. 10, 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.

Deccan Transcon Leasing Business Description

Address Image Garden Road, Suite No 507, 5th Floor, Image Capital Park, Hi-Tech City, Madhapur, Shaikpet, Hyderabad, TG, IND, 500081
Deccan Transcon Leasing Ltd is engaged in providing end-to-end logistics solutions, which include freight and shipping services, including domestic logistics of tank containers, tank fleet management solution, custom clearance, transportation, and Non-Vessel Operating Common Carriers (NVOCC) services. It is mainly engaged in providing tank containers on lease and logistic and supply chain solutions to clients in various sectors, and specializes in the transportation of bulk liquids and hazardous chemicals, utilizing tank containers as a mode of transport.
17GF Score

Get the complete analysis for NSE:DECCANTRAN

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

₹23.00
Price