Energy-Mission Machineries (India) (NSE:EMMIL) Beneish M-Score: -0.74 (As of Jun. 25, 2026)


NSE:EMMIL Energy-Mission Machineries (India) Ltd NSE:EMMIL
18 GF Score
Price ₹132.85
! 3 Warning Signs
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What is Energy-Mission Machineries (India) Beneish M-Score?

Energy-Mission Machineries (India) NSE:EMMIL +1.41% 18 Beneish M-Score is -0.74 as of Jun. 25, 2026. GuruFocus rates NSE:EMMIL with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 2,926 Industrial Products companies, Energy-Mission Machineries (India) ranks worse than 94.6% 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 -0.74 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Energy-Mission Machineries (India)'s Beneish M-Score or its related term are showing as below:

NSE:EMMIL' s Beneish M-Score Range Over the Past 10 Years
Min: -2.58   Med: -1.18   Max: -0.74
Current: -0.74

During the past 5 years, the highest Beneish M-Score of Energy-Mission Machineries (India) was -0.74. The lowest was -2.58. And the median was -1.18.

Energy-Mission Machineries (India) Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Energy-Mission Machineries (India)'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.

Energy-Mission Machineries (India) Beneish M-Score Chart

Energy-Mission Machineries (India) Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score
0.00 0.00 -2.58 -1.18 -0.74

Energy-Mission Machineries (India) Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25
Beneish M-Score Get a 7-Day Free Trial -2.58 0.00 -1.18 0.00 -0.74

NSE:EMMIL vs GEV, ETN, PH: Beneish M-Score Comparison

For the Specialty Industrial Machinery subindustry, Energy-Mission Machineries (India)'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.

Energy-Mission Machineries (India) Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Energy-Mission Machineries (India)'s Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Energy-Mission Machineries (India)'s Beneish M-Score falls into.


NSE:EMMIL
18GF Score
Energy-Mission Machineries (India) Ltd NSE:EMMIL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Energy-Mission Machineries (India) 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 Energy-Mission Machineries (India) 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 * 1.8245+0.528 * 0.9915+0.404 * 0.9386+0.892 * 1.1936+0.115 * 1.0604
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8995+4.679 * 0.145749-0.327 * 0.5945
=-0.74

* 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 (Mar25) TTM:Last Year (Mar24) TTM:
Total Receivables was ₹168 Mil.
Revenue was ₹1,493 Mil.
Gross Profit was ₹526 Mil.
Total Current Assets was ₹975 Mil.
Total Assets was ₹1,389 Mil.
Property, Plant and Equipment(Net PPE) was ₹395 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹29 Mil.
Selling, General, & Admin. Expense(SGA) was ₹44 Mil.
Total Current Liabilities was ₹446 Mil.
Long-Term Debt & Capital Lease Obligation was ₹87 Mil.
Net Income was ₹126 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-77 Mil.
 Total Receivables was ₹77 Mil.
Revenue was ₹1,251 Mil.
Gross Profit was ₹437 Mil.
Total Current Assets was ₹729 Mil.
Total Assets was ₹1,005 Mil.
Property, Plant and Equipment(Net PPE) was ₹262 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹20 Mil.
Selling, General, & Admin. Expense(SGA) was ₹41 Mil.
Total Current Liabilities was ₹589 Mil.
Long-Term Debt & Capital Lease Obligation was ₹60 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)
=(168.398 / 1492.815) / (77.331 / 1250.696)
=0.112806 / 0.06183
=1.8245

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)
=(436.706 / 1250.696) / (525.702 / 1492.815)
=0.34917 / 0.352155
=0.9915

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 - (975.288 + 395.119) / 1389.105) / (1 - (728.895 + 261.729) / 1005.036)
=0.01346 / 0.01434
=0.9386

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
=1492.815 / 1250.696
=1.1936

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))
=(20.233 / (20.233 + 261.729)) / (28.678 / (28.678 + 395.119))
=0.071758 / 0.067669
=1.0604

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)
=(44.044 / 1492.815) / (41.024 / 1250.696)
=0.029504 / 0.032801
=0.8995

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)
=((87.078 + 446.143) / 1389.105) / ((60.027 + 588.943) / 1005.036)
=0.383859 / 0.645718
=0.5945

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
=(125.669 - 0 - -76.792) / 1389.105
=0.145749

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.

Energy-Mission Machineries (India) has a M-score of -0.74 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 -0.74 mean?
Energy-Mission Machineries (India) (NSE:EMMIL) has a Beneish M-Score of -0.74 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Energy-Mission Machineries (India) and its competitors. According to the industry distribution chart, Energy-Mission Machineries (India) ranks #2768 out of 2926 companies in the Industrial Products industry, placing it in the top 94.6%.
Is Energy-Mission Machineries (India)'s Beneish M-Score too high?
Energy-Mission Machineries (India)'s current Beneish M-Score is -0.74. Based on the distribution chart, Energy-Mission Machineries (India) ranks #2768 out of 2926 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Energy-Mission Machineries (India) has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Energy-Mission Machineries (India)'s Beneish M-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Energy-Mission Machineries (India) ranks #2768 out of 2926 companies for Beneish M-Score. This places Energy-Mission Machineries (India) 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 Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Energy-Mission Machineries (India) and its competitors. Energy-Mission Machineries (India)'s current Beneish M-Score is -0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energy-Mission Machineries (India) stock overvalued right now?
Energy-Mission Machineries (India) (NSE:EMMIL) has a current Beneish M-Score of -0.74. The current Beneish M-Score is -0.74. Energy-Mission Machineries (India)'s overall GF Score™ is 18/100 with 3 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 Energy-Mission Machineries (India) (NSE:EMMIL), the current Beneish M-Score is -0.74 as of Jun. 25, 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.

Energy-Mission Machineries (India) Business Description

Address Bol GIDC Sanand, E-9/3 & E-12 Sanand-II Industrial Area, Bol, Ahmedabad, GJ, IND, 382170
Energy-Mission Machineries (India) Ltd designs and manufactures CNC, NC, and conventional metal forming machines that meet the industrial sector's needs for metal fabrication solutions. Its metal forming machines include press brake machines, shearing machines, plate rolling machines, iron workers, hydraulic presses, and busbar bending, cutting, and punching machines. These machines are used across a wide range of industries such as automotive, steel, pre-engineered buildings, furniture, HVAC, agricultural equipment, road construction equipment, elevators, food processing machinery, metalworking workshops, and many others.
18GF Score

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

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