Dynamic Services & Security (NSE:DYNAMIC) Beneish M-Score: -1.29 (As of Jun. 26, 2026)


NSE:DYNAMIC Dynamic Services & Security Ltd NSE:DYNAMIC
81 GF Score
Price ₹180.85
GF Value ₹441.95
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Dynamic Services & Security Beneish M-Score?

Dynamic Services & Security NSE:DYNAMIC +3.02% 81 Beneish M-Score is -1.29 as of Jun. 26, 2026. GuruFocus rates NSE:DYNAMIC with a GF Score™ of 81/100 and a GF Value™ of ₹441.95 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,020 Business Services companies, Dynamic Services & Security ranks worse than 89.31% 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 -1.29 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Dynamic Services & Security's Beneish M-Score or its related term are showing as below:

NSE:DYNAMIC' s Beneish M-Score Range Over the Past 10 Years
Min: -15095.86   Med: -1.45   Max: 130.08
Current: -1.29

During the past 8 years, the highest Beneish M-Score of Dynamic Services & Security was 130.08. The lowest was -15095.86. And the median was -1.45.


Dynamic Services & Security Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Dynamic Services & Security'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.

Dynamic Services & Security Beneish M-Score Chart

Dynamic Services & Security Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial 0.07 -2.73 -15,095.86 -1.60 -1.29

Dynamic Services & Security Semi-Annual Data
Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only -15,095.86 0.00 -1.60 0.00 -1.29

NSE:DYNAMIC vs KFY, RHI, TNET: Beneish M-Score Comparison

For the Staffing & Employment Services subindustry, Dynamic Services & Security'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.


Dynamic Services & Security Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Dynamic Services & Security's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Dynamic Services & Security's Beneish M-Score falls into.


NSE:DYNAMIC
81GF Score
Dynamic Services & Security Ltd NSE:DYNAMIC
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dynamic Services & Security 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 Dynamic Services & Security 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 * 1.0874+0.528 * 0.932+0.404 * 1.3076+0.892 * 1.7869+0.115 * 0.3504
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.062048-0.327 * 1.2123
=-1.29

* 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 ₹1,800 Mil.
Revenue was ₹4,909 Mil.
Gross Profit was ₹2,233 Mil.
Total Current Assets was ₹4,348 Mil.
Total Assets was ₹6,615 Mil.
Property, Plant and Equipment(Net PPE) was ₹824 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹17 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹2,638 Mil.
Long-Term Debt & Capital Lease Obligation was ₹416 Mil.
Net Income was ₹432 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹21 Mil.
Total Receivables was ₹926 Mil.
Revenue was ₹2,747 Mil.
Gross Profit was ₹1,165 Mil.
Total Current Assets was ₹2,145 Mil.
Total Assets was ₹3,888 Mil.
Property, Plant and Equipment(Net PPE) was ₹1,094 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹8 Mil.
Selling, General, & Admin. Expense(SGA) was ₹57 Mil.
Total Current Liabilities was ₹1,226 Mil.
Long-Term Debt & Capital Lease Obligation was ₹255 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)
=(1800.076 / 4909.248) / (926.376 / 2747.375)
=0.36667 / 0.337186
=1.0874

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)
=(1164.7 / 2747.375) / (2232.974 / 4909.248)
=0.423932 / 0.454851
=0.932

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 - (4347.927 + 823.882) / 6615.072) / (1 - (2144.75 + 1094.335) / 3887.762)
=0.218178 / 0.166851
=1.3076

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
=4909.248 / 2747.375
=1.7869

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))
=(7.746 / (7.746 + 1094.335)) / (16.867 / (16.867 + 823.882))
=0.007029 / 0.020062
=0.3504

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 / 4909.248) / (56.941 / 2747.375)
=0 / 0.020726
=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)
=((416.397 + 2638.341) / 6615.072) / ((255.158 + 1225.731) / 3887.762)
=0.461785 / 0.38091
=1.2123

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
=(431.702 - 0 - 21.248) / 6615.072
=0.062048

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.

Dynamic Services & Security has a M-score of -1.29 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 -1.29 mean?
Dynamic Services & Security (NSE:DYNAMIC) has a Beneish M-Score of -1.29 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Dynamic Services & Security and its competitors. According to the industry distribution chart, Dynamic Services & Security ranks #911 out of 1020 companies in the Business Services industry, placing it in the top 89.3%.
Is Dynamic Services & Security's Beneish M-Score too high?
Dynamic Services & Security's current Beneish M-Score is -1.29. Based on the distribution chart, Dynamic Services & Security ranks #911 out of 1020 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Dynamic Services & Security has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dynamic Services & Security's Beneish M-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, Dynamic Services & Security ranks #911 out of 1020 companies for Beneish M-Score. This places Dynamic Services & Security 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 Business Services company?
A good Beneish M-Score depends on the Business Services 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 Dynamic Services & Security and its competitors. Dynamic Services & Security's current Beneish M-Score is -1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dynamic Services & Security stock overvalued right now?
Based on GuruFocus' analysis, Dynamic Services & Security (NSE:DYNAMIC) is currently considered Possible Value Trap. The stock's GF Value™ is ₹441.95, compared to a current price of ₹180.85 — trading 59.1% below its estimated fair value. The current Beneish M-Score is -1.29. Dynamic Services & Security's overall GF Score™ is 81/100 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 Dynamic Services & Security (NSE:DYNAMIC), the current Beneish M-Score is -1.29 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 Dynamic Services & Security (NSE:DYNAMIC) Overvalued in 2026?

Based on GuruFocus' analysis, Dynamic Services & Security stock appears to be undervalued. The current stock price of ₹180.85 is trading 59.1% below its estimated GF Value™ of ₹441.95. GuruFocus considers Dynamic Services & Security to be Possible Value Trap.

Key valuation signals for NSE:DYNAMIC:

  • Beneish M-Score: -1.29
  • GF Value™: ₹441.95 vs. price of ₹180.85 (59.1% below fair value)
  • GF Score™: 81/100 with 7 warning signs

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


Dynamic Services & Security Business Description

Address 375, Dakshindari Road, Parganas North, Kolkata, WB, IND, 700048
Dynamic Services & Security Ltd offers manpower solution services in the fields of mechanized cleaning, catering, housekeeping, security, logistics, contractual services, and other services. It operates into different segments which are Transportation, Manpower and Merchandise Cleaning Charges, and Sales and Supply of goods. It generates maximum revenue from the Manpower and Merchandise Cleaning Charges segment. Geographically, the company generates all of its revenue from its business in India.
81GF Score

Get the complete analysis for NSE:DYNAMIC

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

₹180.85
Price
₹441.95
GF Value