Fabtech Technologies (NSE:FABTECH) Beneish M-Score: -1.68 (As of Jun. 27, 2026)


NSE:FABTECH Fabtech Technologies Ltd NSE:FABTECH
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What is Fabtech Technologies Beneish M-Score?

Fabtech Technologies NSE:FABTECH -0.49% 20 Beneish M-Score is -1.68 as of Jun. 27, 2026. GuruFocus rates NSE:FABTECH with a GF Score™ of 20/100. The stock has 4 warning signs investors should review. Among 633 Healthcare Providers & Services companies, Fabtech Technologies ranks worse than 85.15% 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 -1.68 higher than -1.78, which implies that the company might have manipulated its financial results.

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

NSE:FABTECH' s Beneish M-Score Range Over the Past 10 Years
Min: -3.02   Med: -1.68   Max: -0.29
Current: -1.68

During the past 5 years, the highest Beneish M-Score of Fabtech Technologies was -0.29. The lowest was -3.02. And the median was -1.68.

Fabtech Technologies Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Fabtech Technologies'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.

Fabtech Technologies Beneish M-Score Chart

Fabtech Technologies Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -3.02 -0.29 -1.68

Fabtech Technologies Quarterly Data
Mar22 Mar23 Mar24 Dec24 Mar25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial -3.02 0.00 -0.29 0.00 -1.68

NSE:FABTECH vs VEEV, BTSG, TEM: Beneish M-Score Comparison

For the Health Information Services subindustry, Fabtech Technologies'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.

Fabtech Technologies Beneish M-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Fabtech Technologies's Beneish M-Score distribution charts can be found below:

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


NSE:FABTECH
20GF Score
Fabtech Technologies Ltd NSE:FABTECH
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Fabtech Technologies 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 Fabtech Technologies 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 * 1.0616+0.528 * 1.0825+0.404 * 0.8939+0.892 * 1.2575+0.115 * 0.5011
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.057948-0.327 * 0.6
=-1.68

* 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 ₹2,045 Mil.
Revenue was ₹4,108 Mil.
Gross Profit was ₹1,682 Mil.
Total Current Assets was ₹5,221 Mil.
Total Assets was ₹6,537 Mil.
Property, Plant and Equipment(Net PPE) was ₹549 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹53 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹2,068 Mil.
Long-Term Debt & Capital Lease Obligation was ₹254 Mil.
Net Income was ₹384 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹5 Mil.
 Total Receivables was ₹1,532 Mil.
Revenue was ₹3,267 Mil.
Gross Profit was ₹1,448 Mil.
Total Current Assets was ₹3,140 Mil.
Total Assets was ₹4,266 Mil.
Property, Plant and Equipment(Net PPE) was ₹565 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹26 Mil.
Selling, General, & Admin. Expense(SGA) was ₹341 Mil.
Total Current Liabilities was ₹2,255 Mil.
Long-Term Debt & Capital Lease Obligation was ₹272 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)
=(2044.658 / 4107.718) / (1531.687 / 3266.685)
=0.49776 / 0.468881
=1.0616

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)
=(1448.091 / 3266.685) / (1682.087 / 4107.718)
=0.443291 / 0.409494
=1.0825

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 - (5220.523 + 548.959) / 6537.029) / (1 - (3140.407 + 564.899) / 4265.58)
=0.117415 / 0.131348
=0.8939

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
=4107.718 / 3266.685
=1.2575

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))
=(26.078 / (26.078 + 564.899)) / (53.015 / (53.015 + 548.959))
=0.044127 / 0.088069
=0.5011

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 / 4107.718) / (341.158 / 3266.685)
=0 / 0.104436
=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)
=((254.268 + 2068.47) / 6537.029) / ((271.505 + 2254.737) / 4265.58)
=0.35532 / 0.592239
=0.6

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
=(383.58 - 0 - 4.774) / 6537.029
=0.057948

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.

Fabtech Technologies has a M-score of -1.68 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 -1.68 mean?
Fabtech Technologies (NSE:FABTECH) has a Beneish M-Score of -1.68 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Fabtech Technologies and its competitors. According to the industry distribution chart, Fabtech Technologies ranks #539 out of 633 companies in the Healthcare Providers & Services industry, placing it in the top 85.2%.
Is Fabtech Technologies' Beneish M-Score too high?
Fabtech Technologies' current Beneish M-Score is -1.68. Based on the distribution chart, Fabtech Technologies ranks #539 out of 633 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Fabtech Technologies has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Fabtech Technologies' Beneish M-Score compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, Fabtech Technologies ranks #539 out of 633 companies for Beneish M-Score. This places Fabtech Technologies 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 Healthcare Providers & Services company?
A good Beneish M-Score depends on the Healthcare Providers & 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 Fabtech Technologies and its competitors. Fabtech Technologies's current Beneish M-Score is -1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fabtech Technologies stock overvalued right now?
Fabtech Technologies (NSE:FABTECH) has a current Beneish M-Score of -1.68. The current Beneish M-Score is -1.68. Fabtech Technologies' overall GF Score™ is 20/100 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 Fabtech Technologies (NSE:FABTECH), the current Beneish M-Score is -1.68 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.

Fabtech Technologies Business Description

Other Exchanges 544558:India
Address Street 16, MIDC Central Road, Plot No D8, 1st Floor, ABR Emerald, MIDC Andheri East, Chakala MIDC, Mumbai, MH, IND, 400093
Fabtech Technologies Ltd is engaged in building pharmaceutical, biotech, and healthcare capabilities for a wide range of customers by offering comprehensive start-to-finish turnkey solutions, which include supplying pharmaceutical machinery/equipment, in-house designing and engineering, procurement, installation, validation, and undertaking other activities required in various projects, including standalone equipment supply and installation. The company provides solutions for clean air, manufacturing processes, purified water and pure steam generation and distribution, etc. The majority of its revenue is generated from the trading of pharmaceutical and surgical products. Geographically, the company derives maximum revenue from international markets, and the rest from its business in India.
20GF 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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