Dollex AgrotechNSE:DOLLEX +2.03%77 Beneish M-Score is 13.75 as of Jun. 27, 2026, which is 82% below its 10-year median of 78.32. GuruFocus rates NSE:DOLLEX with a GF Score™ of 77/100 and a GF Value™ of ₹44.81 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, Dollex Agrotech ranks worse than 98.59% 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 13.75 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Dollex Agrotech's Beneish M-Score or its related term are showing as below:
NSE:DOLLEX'
s Beneish M-Score Range Over the Past 10 Years
Min: 13.75 Med: 78.32 Max: 142.88
Current: 13.75
During the past 7 years, the highest Beneish M-Score of Dollex Agrotech was 142.88. The lowest was 13.75. And the median was 78.32.
Dollex Agrotech Beneish M-Score Related Terms
Dollex Agrotech Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Dollex Agrotech'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:DOLLEX vs MDLZ, HSY, TR: Beneish M-Score Comparison
For the Confectioners subindustry, Dollex Agrotech'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.
Dollex Agrotech Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Dollex Agrotech's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Dollex Agrotech'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 Dollex Agrotech 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 * 12.0513
+
0.528 * 0.8875
+
0.404 * 16.0198
+
0.892 * 0.9483
+
0.115 * 0.8165
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * 0.020307
-
0.327 * 0.9183
=
13.75
* 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))
=
(25.178 / (25.178 + 1154.057))
/
(29.864 / (29.864 + 1112.149))
=
0.021351
/
0.02615
=
0.8165
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
=
(84.162 - 0
-
0)
/
4144.384
=
0.020307
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.
Dollex Agrotech has a M-score of 13.75 signals that the company is likely to be a manipulator.
Dollex Agrotech (NSE:DOLLEX) has a Beneish M-Score of 13.75 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Dollex Agrotech and its competitors. This is 82% below median its historical median of 78.32. Over the past decade, Dollex Agrotech's Beneish M-Score has ranged from 13.75 to 142.88. According to the industry distribution chart, Dollex Agrotech ranks #1823 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 98.6%.
Is Dollex Agrotech's Beneish M-Score too high?
Dollex Agrotech's current Beneish M-Score of 13.75 is 82% below median its 10-year median of 78.32. Over the past 10 years, this metric has ranged from a low of 13.75 to a high of 142.88. Based on the distribution chart, Dollex Agrotech ranks #1823 out of 1849 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Dollex Agrotech has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dollex Agrotech's Beneish M-Score compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Dollex Agrotech ranks #1823 out of 1849 companies for Beneish M-Score. This places Dollex Agrotech in the lower half of its industry. Historically, Dollex Agrotech's own Beneish M-Score has ranged from 13.75 to 142.88 over the past decade. 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Dollex Agrotech and its competitors. Dollex Agrotech's current Beneish M-Score is 13.75, which is 82% below median its own 10-year median of 78.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dollex Agrotech stock overvalued right now?
Based on GuruFocus' analysis, Dollex Agrotech (NSE:DOLLEX) is currently considered Possible Value Trap. The stock's GF Value™ is ₹44.81, compared to a current price of ₹30.10 — trading 32.8% below its estimated fair value. The current Beneish M-Score is 13.75, which is 82% below median its 10-year median of 78.32. Dollex Agrotech's overall GF Score™ is 77/100 with 9 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 Dollex Agrotech (NSE:DOLLEX), the current Beneish M-Score is 13.75 as of Jun. 27, 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 Dollex Agrotech (NSE:DOLLEX) Overvalued in 2026?
Based on GuruFocus' analysis, Dollex Agrotech stock appears to be undervalued.
The current stock price of ₹30.10 is trading 32.8% below its estimated GF Value™ of ₹44.81.
GuruFocus considers Dollex Agrotech to be Possible Value Trap.
Key valuation signals for NSE:DOLLEX:
Beneish M-Score: 13.75 (82% below median its 10-year median of 78.32)
GF Value™: ₹44.81 vs. price of ₹30.10 (32.8% below fair value)
No single metric tells the full story. See the NSE:DOLLEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dollex Agrotech Ltd is engaged in the business of manufacturing and trading sugar with captive power cogeneration capabilities. The company produces and sells its primary products, which include jaggery powder, khandsari sugar, and sells by-products such as molasses, press mud, and bagasse. The bagasse generated produces power, enabling captive power generation up to 3 MW. The company operates through two segments: trading and manufacturing, with the manufacturing segment generating the maximum revenue.
77GF Score
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