Deem Roll TechNSE:DEEM +3.02%32 Beneish M-Score is -2.54 as of Jul. 02, 2026. GuruFocus rates NSE:DEEM with a GF Score™ of 32/100. The stock has 8 warning signs investors should review. Among 588 Steel companies, Deem Roll Tech ranks better than 52.21% 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 -2.54 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Deem Roll Tech's Beneish M-Score or its related term are showing as below:
NSE:DEEM'
s Beneish M-Score Range Over the Past 10 Years
Min: -11912.64 Med: -2.42 Max: -1.84
Current: -2.54
During the past 6 years, the highest Beneish M-Score of Deem Roll Tech was -1.84. The lowest was -11912.64. And the median was -2.42.
Deem Roll Tech Beneish M-Score Related Terms
Deem Roll Tech Beneish M-Score Historical Data
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The historical data trend for Deem Roll Tech'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.
NSE:DEEM vs NUE, STLD, RS: Beneish M-Score Comparison
For the Steel subindustry, Deem Roll Tech'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.
Deem Roll Tech Beneish M-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Deem Roll Tech's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Deem Roll Tech's Beneish M-Score falls into.
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 Deem Roll Tech 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 * 0.7269
+
0.528 * 0.9146
+
0.404 * 1.5183
+
0.892 * 0.9782
+
0.115 * 0.9727
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0
+
4.679 * -0.017005
-
0.327 * 1.1283
=
-2.54
* 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.
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.
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))
=
(20.411 / (20.411 + 495.372))
/
(25.46 / (25.46 + 600.334))
=
0.039573
/
0.040684
=
0.9727
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
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
=
(21.651 - 0
-
46.367)
/
1453.416
=
-0.017005
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.
Deem Roll Tech has a M-score of -2.54 suggests that the company is unlikely to be a manipulator.
Deem Roll Tech (NSE:DEEM) has a Beneish M-Score of -2.54 as of Jul. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Deem Roll Tech and its competitors. According to the industry distribution chart, Deem Roll Tech ranks #281 out of 588 companies in the Steel industry, placing it in the top 47.8%.
Is Deem Roll Tech's Beneish M-Score too high?
Deem Roll Tech's current Beneish M-Score is -2.54. Based on the distribution chart, Deem Roll Tech ranks #281 out of 588 companies in the Steel industry, which is above the industry midpoint. Overall, Deem Roll Tech has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Deem Roll Tech's Beneish M-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Deem Roll Tech ranks #281 out of 588 companies for Beneish M-Score. This puts Deem Roll Tech in the upper 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 Steel company?
A good Beneish M-Score depends on the Steel 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 Deem Roll Tech and its competitors. Deem Roll Tech's current Beneish M-Score is -2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deem Roll Tech stock overvalued right now?
Deem Roll Tech (NSE:DEEM) has a current Beneish M-Score of -2.54. The current Beneish M-Score is -2.54. Deem Roll Tech's overall GF Score™ is 32/100 with 8 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 Deem Roll Tech (NSE:DEEM), the current Beneish M-Score is -2.54 as of Jul. 02, 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.
Deem Roll Tech Ltd is a manufacturer of high-quality steel and alloy Rolls in India. The company comprises three fully integrated factories with machine shops, foundries and heat treatment plants. The company's products include S.G Iron or Ductile Iron Roll, Indefinite Chill Alloy Cast Iron, Alloy Steel Base, Double Poured Alloy Indefinite Chil, HSS Rolls, Spheroidal Graphite Iron Rolls, etc. The company generates the majority of its revenue from sales in the Domestic market.
32GF Score
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