Inspire Films (NSE:INSPIRE) Beneish M-Score: -2.64 (As of Jun. 27, 2026)


NSE:INSPIRE Inspire Films Ltd NSE:INSPIRE
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What is Inspire Films Beneish M-Score?

Inspire Films NSE:INSPIRE -0.60% 9 Beneish M-Score is -2.64 as of Jun. 27, 2026. GuruFocus rates NSE:INSPIRE with a GF Score™ of 9/100. The stock has 7 warning signs investors should review. Among 989 Media - Diversified companies, Inspire Films ranks better than 53.59% 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 -2.64 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

NSE:INSPIRE' s Beneish M-Score Range Over the Past 10 Years
Min: -2.64   Med: -1.66   Max: -1.54
Current: -2.64

During the past 5 years, the highest Beneish M-Score of Inspire Films was -1.54. The lowest was -2.64. And the median was -1.66.

Inspire Films Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Inspire Films'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.

Inspire Films Beneish M-Score Chart

Inspire Films Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score
0.00 0.00 -1.66 -1.54 -2.64

Inspire Films Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score 0.00 0.00 -1.66 -1.54 -2.64

NSE:INSPIRE vs NXST: Beneish M-Score Comparison

For the Broadcasting subindustry, Inspire Films'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.

Inspire Films Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Inspire Films's Beneish M-Score distribution charts can be found below:

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


NSE:INSPIRE
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Inspire Films Ltd NSE:INSPIRE
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Inspire Films 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 Inspire Films 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 * 1.6988+0.528 * 2.5382+0.404 * 0.9317+0.892 * 0.2559+0.115 * 0.857
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 2.3594+4.679 * -0.105256-0.327 * 1.5579
=-2.64

* 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 ₹25.89 Mil.
Revenue was ₹77.71 Mil.
Gross Profit was ₹9.85 Mil.
Total Current Assets was ₹431.96 Mil.
Total Assets was ₹491.92 Mil.
Property, Plant and Equipment(Net PPE) was ₹7.02 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹5.03 Mil.
Selling, General, & Admin. Expense(SGA) was ₹10.87 Mil.
Total Current Liabilities was ₹143.13 Mil.
Long-Term Debt & Capital Lease Obligation was ₹62.86 Mil.
Net Income was ₹-51.01 Mil.
Gross Profit was ₹0.00 Mil.
Cash Flow from Operations was ₹0.77 Mil.
 Total Receivables was ₹59.54 Mil.
Revenue was ₹303.68 Mil.
Gross Profit was ₹97.66 Mil.
Total Current Assets was ₹397.63 Mil.
Total Assets was ₹460.79 Mil.
Property, Plant and Equipment(Net PPE) was ₹9.94 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹5.54 Mil.
Selling, General, & Admin. Expense(SGA) was ₹18.00 Mil.
Total Current Liabilities was ₹57.33 Mil.
Long-Term Debt & Capital Lease Obligation was ₹66.52 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)
=(25.885 / 77.712) / (59.543 / 303.682)
=0.333089 / 0.19607
=1.6988

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)
=(97.661 / 303.682) / (9.846 / 77.712)
=0.32159 / 0.126699
=2.5382

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 - (431.959 + 7.016) / 491.915) / (1 - (397.625 + 9.943) / 460.791)
=0.10762 / 0.115504
=0.9317

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
=77.712 / 303.682
=0.2559

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))
=(5.542 / (5.542 + 9.943)) / (5.031 / (5.031 + 7.016))
=0.357895 / 0.417614
=0.857

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)
=(10.869 / 77.712) / (18.002 / 303.682)
=0.139863 / 0.059279
=2.3594

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)
=((62.856 + 143.133) / 491.915) / ((66.524 + 57.33) / 460.791)
=0.418749 / 0.268786
=1.5579

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
=(-51.012 - 0 - 0.765) / 491.915
=-0.105256

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.

Inspire Films has a M-score of -2.64 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 -2.64 mean?
Inspire Films (NSE:INSPIRE) has a Beneish M-Score of -2.64 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Inspire Films and its competitors. According to the industry distribution chart, Inspire Films ranks #459 out of 989 companies in the Media - Diversified industry, placing it in the top 46.4%.
Is Inspire Films' Beneish M-Score too high?
Inspire Films' current Beneish M-Score is -2.64. Based on the distribution chart, Inspire Films ranks #459 out of 989 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Inspire Films has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Inspire Films' Beneish M-Score compare to NXST?
According to the Media - Diversified industry distribution chart, Inspire Films ranks #459 out of 989 companies for Beneish M-Score. This puts Inspire Films in the upper 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Inspire Films and its competitors. Inspire Films's current Beneish M-Score is -2.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inspire Films stock overvalued right now?
Inspire Films (NSE:INSPIRE) has a current Beneish M-Score of -2.64. The current Beneish M-Score is -2.64. Inspire Films' overall GF Score™ is 9/100 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 Inspire Films (NSE:INSPIRE), the current Beneish M-Score is -2.64 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.

Inspire Films Business Description

Address 111, 1st Floor, Shree Kamdhenu Estate, Chincholi Off Link Road, Bhd Tangent Showroom, Charkop, Malad, Mumbai, MH, IND, 400064
Inspire Films Ltd is engaged in the business of creation, production, distribution, and exhibition of television and digital content of various genres for television and OTT channels, apps, and digital platforms, as well as content writing, production, and sale and purchase of rights. Its content includes Television, OTT, Regional, Sports, and Brands.
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