Eleganz Interiors (NSE:ELGNZ) Beneish M-Score: 0.47 (As of Jul. 27, 2026)

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NSE:ELGNZ Eleganz Interiors Ltd NSE:ELGNZ
18 GF Score
Price ₹104.75
! 4 Warning Signs
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What is Eleganz Interiors Beneish M-Score?

Eleganz Interiors NSE:ELGNZ +2.70% 18 Beneish M-Score is 0.47 as of Jul. 27, 2026. GuruFocus rates NSE:ELGNZ with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 1,697 Construction companies, Eleganz Interiors ranks worse than 96.64% 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 0.47 higher than -1.78, which implies that the company might have manipulated its financial results.

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

NSE:ELGNZ' s Beneish M-Score Range Over the Past 10 Years
Min: -1.99   Med: -0.27   Max: 0.47
Current: 0.47

During the past 5 years, the highest Beneish M-Score of Eleganz Interiors was 0.47. The lowest was -1.99. And the median was -0.27.

Eleganz Interiors Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Eleganz Interiors'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.

Eleganz Interiors Beneish M-Score Chart

Eleganz Interiors Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -1.99 -0.27 0.47

Eleganz Interiors Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Mar26
Beneish M-Score Get a 7-Day Free Trial 0.00 -1.99 0.00 -0.27 0.47

NSE:ELGNZ vs PWR, FIX, EME: Beneish M-Score Comparison

For the Engineering & Construction subindustry, Eleganz Interiors'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.

Eleganz Interiors Beneish M-Score vs Construction Industry

For the Construction industry and Industrials sector, Eleganz Interiors's Beneish M-Score distribution charts can be found below:

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


NSE:ELGNZ
18GF Score
Eleganz Interiors Ltd NSE:ELGNZ
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Eleganz Interiors 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 Eleganz Interiors 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 * 3.7013+0.528 * 0.8792+0.404 * 0.7577+0.892 * 1.0191+0.115 * 1.6161
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.106574-0.327 * 1.4144
=0.47

* 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 ₹1,636 Mil.
Revenue was ₹4,002 Mil.
Gross Profit was ₹1,134 Mil.
Total Current Assets was ₹2,552 Mil.
Total Assets was ₹3,326 Mil.
Property, Plant and Equipment(Net PPE) was ₹154 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹31 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹1,551 Mil.
Long-Term Debt & Capital Lease Obligation was ₹6 Mil.
Net Income was ₹221 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-133 Mil.
 Total Receivables was ₹434 Mil.
Revenue was ₹3,927 Mil.
Gross Profit was ₹978 Mil.
Total Current Assets was ₹1,660 Mil.
Total Assets was ₹2,295 Mil.
Property, Plant and Equipment(Net PPE) was ₹71 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹27 Mil.
Selling, General, & Admin. Expense(SGA) was ₹136 Mil.
Total Current Liabilities was ₹742 Mil.
Long-Term Debt & Capital Lease Obligation was ₹17 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)
=(1635.973 / 4002.231) / (433.694 / 3927.062)
=0.408765 / 0.110437
=3.7013

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)
=(977.99 / 3927.062) / (1133.634 / 4002.231)
=0.249039 / 0.283251
=0.8792

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 - (2552.07 + 153.521) / 3325.618) / (1 - (1659.599 + 70.789) / 2295.119)
=0.18644 / 0.246057
=0.7577

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
=4002.231 / 3927.062
=1.0191

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))
=(26.851 / (26.851 + 70.789)) / (31.48 / (31.48 + 153.521))
=0.275 / 0.170161
=1.6161

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 / 4002.231) / (136.156 / 3927.062)
=0 / 0.034671
=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)
=((5.654 + 1550.727) / 3325.618) / ((17.416 + 742.008) / 2295.119)
=0.467998 / 0.330887
=1.4144

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
=(221.067 - 0 - -133.356) / 3325.618
=0.106574

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.

Eleganz Interiors has a M-score of 0.47 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 0.47 mean?
Eleganz Interiors (NSE:ELGNZ) has a Beneish M-Score of 0.47 as of Jul. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Eleganz Interiors and its competitors. According to the industry distribution chart, Eleganz Interiors ranks #1640 out of 1697 companies in the Construction industry, placing it in the top 96.6%.
Is Eleganz Interiors' Beneish M-Score too high?
Eleganz Interiors' current Beneish M-Score is 0.47. Based on the distribution chart, Eleganz Interiors ranks #1640 out of 1697 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Eleganz Interiors has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Eleganz Interiors' Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Eleganz Interiors ranks #1640 out of 1697 companies for Beneish M-Score. This places Eleganz Interiors 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Eleganz Interiors and its competitors. Eleganz Interiors's current Beneish M-Score is 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eleganz Interiors stock overvalued right now?
Eleganz Interiors (NSE:ELGNZ) has a current Beneish M-Score of 0.47. The current Beneish M-Score is 0.47. Eleganz Interiors' overall GF Score™ is 18/100 with 4 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 Eleganz Interiors (NSE:ELGNZ), the current Beneish M-Score is 0.47 as of Jul. 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.

Eleganz Interiors Business Description

Address Western Express Highway, Gala Nos. 1-7, Ground Floor, Sarita B, Prabhat Industrial Estate, Dahisar East, Mumbai, MH, IND, 400068
Eleganz Interiors Ltd is specialized in providing interior contracting services, delivering high-quality design and execution solutions to its clients. Its services include Design & Build services (D&B) and General Contracting (GC) services. Design & Build services provide complete, end-to-end services for interiors and fitouts which includes designing, shop drawings of the projects, resource planning & procurement of materials, etc. General Contracting services, provide (a) civil and interior works plumbing, POP works, painting, carpentry work and polishing; (b) mechanical work; (c) electrical work (including HVAC work) etc.
18GF Score

Get the complete analysis for NSE:ELGNZ

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

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