Drone Destination (NSE:DRONE) Beneish M-Score: -1.79 (As of Jun. 26, 2026)


NSE:DRONE Drone Destination Ltd NSE:DRONE
54 GF Score
Price ₹42.00
GF Value ₹191.20
Valuation Significantly Undervalued
! 7 Warning Signs
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What is Drone Destination Beneish M-Score?

Drone Destination NSE:DRONE -1.41% 54 Beneish M-Score is -1.79 as of Jun. 26, 2026. GuruFocus rates NSE:DRONE with a GF Score™ of 54/100 and a GF Value™ of ₹191.20 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 243 Education companies, Drone Destination ranks worse than 87.65% 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 -1.79 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

NSE:DRONE' s Beneish M-Score Range Over the Past 10 Years
Min: -2.32   Med: -0.06   Max: 5
Current: -1.79

During the past 6 years, the highest Beneish M-Score of Drone Destination was 5.00. The lowest was -2.32. And the median was -0.06.

Drone Destination Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Drone Destination'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.

Drone Destination Beneish M-Score Chart

Drone Destination Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial 0.00 5.00 1.68 -2.32 -1.79

Drone Destination Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score Get a 7-Day Free Trial 0.00 5.00 1.68 -2.32 -1.79

NSE:DRONE vs EDU, TAL, GHC: Beneish M-Score Comparison

For the Education & Training Services subindustry, Drone Destination'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.

Drone Destination Beneish M-Score vs Education Industry

For the Education industry and Consumer Defensive sector, Drone Destination's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Drone Destination's Beneish M-Score falls into.


NSE:DRONE
54GF Score
Drone Destination Ltd NSE:DRONE
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Drone Destination 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 Drone Destination 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 * 1.2941+0.528 * 0.9788+0.404 * 0.7283+0.892 * 1.4084+0.115 * 1.0341
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.020302-0.327 * 1.3052
=-1.79

* 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 ₹326.3 Mil.
Revenue was ₹350.7 Mil.
Gross Profit was ₹211.8 Mil.
Total Current Assets was ₹723.5 Mil.
Total Assets was ₹899.6 Mil.
Property, Plant and Equipment(Net PPE) was ₹147.5 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹63.4 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.0 Mil.
Total Current Liabilities was ₹204.7 Mil.
Long-Term Debt & Capital Lease Obligation was ₹85.1 Mil.
Net Income was ₹11.7 Mil.
Gross Profit was ₹0.0 Mil.
Cash Flow from Operations was ₹-6.5 Mil.
 Total Receivables was ₹179.0 Mil.
Revenue was ₹249.0 Mil.
Gross Profit was ₹147.2 Mil.
Total Current Assets was ₹582.5 Mil.
Total Assets was ₹792.3 Mil.
Property, Plant and Equipment(Net PPE) was ₹175.1 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹79.0 Mil.
Selling, General, & Admin. Expense(SGA) was ₹21.4 Mil.
Total Current Liabilities was ₹156.0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹39.5 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)
=(326.302 / 350.662) / (179.025 / 248.974)
=0.930531 / 0.719051
=1.2941

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)
=(147.19 / 248.974) / (211.794 / 350.662)
=0.591186 / 0.603983
=0.9788

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 - (723.49 + 147.465) / 899.568) / (1 - (582.532 + 175.14) / 792.273)
=0.031807 / 0.043673
=0.7283

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
=350.662 / 248.974
=1.4084

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))
=(78.97 / (78.97 + 175.14)) / (63.353 / (63.353 + 147.465))
=0.310771 / 0.30051
=1.0341

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)
=(0 / 350.662) / (21.378 / 248.974)
=0 / 0.085864
=0

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)
=((85.089 + 204.663) / 899.568) / ((39.546 + 155.978) / 792.273)
=0.322101 / 0.246789
=1.3052

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
=(11.721 - 0 - -6.542) / 899.568
=0.020302

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.

Drone Destination has a M-score of -1.79 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.79 mean?
Drone Destination (NSE:DRONE) has a Beneish M-Score of -1.79 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Drone Destination and its competitors. According to the industry distribution chart, Drone Destination ranks #213 out of 243 companies in the Education industry, placing it in the top 87.7%.
Is Drone Destination's Beneish M-Score too high?
Drone Destination's current Beneish M-Score is -1.79. Based on the distribution chart, Drone Destination ranks #213 out of 243 companies in the Education industry, which is in the bottom quartile relative to peers. Overall, Drone Destination has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Drone Destination's Beneish M-Score compare to EDU and TAL?
According to the Education industry distribution chart, Drone Destination ranks #213 out of 243 companies for Beneish M-Score. This places Drone Destination 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 an Education company?
A good Beneish M-Score depends on the Education 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 Drone Destination and its competitors. Drone Destination's current Beneish M-Score is -1.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Drone Destination stock overvalued right now?
Based on GuruFocus' analysis, Drone Destination (NSE:DRONE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹191.20, compared to a current price of ₹42.00 — trading 78% below its estimated fair value. The current Beneish M-Score is -1.79. Drone Destination's overall GF Score™ is 54/100 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 Drone Destination (NSE:DRONE), the current Beneish M-Score is -1.79 as of Jun. 26, 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 Drone Destination (NSE:DRONE) Overvalued in 2026?

Based on GuruFocus' analysis, Drone Destination stock appears to be undervalued. The current stock price of ₹42.00 is trading 78% below its estimated GF Value™ of ₹191.20. GuruFocus considers Drone Destination to be Significantly Undervalued.

Key valuation signals for NSE:DRONE:

  • Beneish M-Score: -1.79
  • GF Value™: ₹191.20 vs. price of ₹42.00 (78% below fair value)
  • GF Score™: 54/100 with 7 warning signs

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

Drone Destination Business Description

Address Office. No 005B & 006, Ground Floor, NSIC Business Park, Software Technology Park, FB-05, Okhla Industrial Estate, Okhla Phase-III, South Delhi, New Delhi, IND, 110020
Drone Destination Ltd is a DGCA-authorized Remote Pilot Training Organization that has developed an integrated drone eco-system built around drone manufacturing, certified training, services, and renting a drone. The company operates a massive network of DGCA-certified Drone Pilot Training Programs. The company currently operates Drone Hubs at locations such as Gurugram, Dharamshala, Chandigarh, Gwalior, Ahmedabad, Bangalore, Coimbatore, Madurai, and IFFCO Phulpur.
54GF Score

Get the complete analysis for NSE:DRONE

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

₹42.00
Price
₹191.20
GF Value