Kalpataru (NSE:KALPATARU) Beneish M-Score: 0.00 (As of Jul. 10, 2026)


NSE:KALPATARU Kalpataru Ltd NSE:KALPATARU
7 GF Score
Price ₹288.05
! 6 Warning Signs
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What is Kalpataru Beneish M-Score?

Kalpataru NSE:KALPATARU +0.14% 7 Beneish M-Score is 0.00 as of Jul. 10, 2026. GuruFocus rates NSE:KALPATARU with a GF Score™ of 7/100. The stock has 6 warning signs investors should review. Among 1,683 Real Estate companies, Kalpataru ranks worse than 59417.65% 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.

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

During the past 5 years, the highest Beneish M-Score of Kalpataru was -1.10. The lowest was -2.46. And the median was -1.78.

Kalpataru Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Kalpataru'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.

Kalpataru Beneish M-Score Chart

Kalpataru Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -2.46 -1.10 0.00

Kalpataru Quarterly Data
Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 -1.10 0.00 0.00 0.00

Kalpataru Beneish M-Score Competitor Comparison

For the Real Estate - Development subindustry, Kalpataru'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.

Kalpataru Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Kalpataru's Beneish M-Score distribution charts can be found below:

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


NSE:KALPATARU
7GF Score
Kalpataru Ltd NSE:KALPATARU
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Kalpataru 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 Kalpataru 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 ₹8,038 Mil.
Revenue was ₹34,356 Mil.
Gross Profit was ₹6,835 Mil.
Total Current Assets was ₹162,243 Mil.
Total Assets was ₹176,824 Mil.
Property, Plant and Equipment(Net PPE) was ₹4,363 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹464 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹105,337 Mil.
Long-Term Debt & Capital Lease Obligation was ₹27,968 Mil.
Net Income was ₹937 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹8,482 Mil.
 Total Receivables was ₹0 Mil.
Revenue was ₹22,216 Mil.
Gross Profit was ₹4,631 Mil.
Total Current Assets was ₹0 Mil.
Total Assets was ₹0 Mil.
Property, Plant and Equipment(Net PPE) was ₹0 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹377 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 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)
=(8037.6 / 34356.2) / (0 / 22216.2)
=0.233949 / 0
=

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)
=(4630.9 / 22216.2) / (6834.9 / 34356.2)
=0.208447 / 0.198942
=

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 - (162242.7 + 4363.2) / 176824.1) / (1 - (0 + 0) / 0)
=0.057787 /
=

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
=34356.2 / 22216.2
=

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))
=(376.5 / (376.5 + 0)) / (464.2 / (464.2 + 4363.2))
=1 / 0.096159
=

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 / 34356.2) / (0 / 22216.2)
=0 / 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)
=((27967.9 + 105337) / 176824.1) / ((0 + 0) / 0)
=0.753884 /
=

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
=(937.1 - 0 - 8482.4) / 176824.1
=-0.042671

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Kalpataru (NSE:KALPATARU) has a Beneish M-Score of 0.00 as of Jul. 10, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kalpataru and its competitors. According to the industry distribution chart, Kalpataru ranks #999999 out of 1683 companies in the Real Estate industry.
Is Kalpataru's Beneish M-Score too high?
Kalpataru's current Beneish M-Score is 0.00. Based on the distribution chart, Kalpataru ranks #999999 out of 1683 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Kalpataru has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Kalpataru's Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, Kalpataru ranks #999999 out of 1683 companies for Beneish M-Score. This places Kalpataru 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Kalpataru and its competitors. Kalpataru's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kalpataru stock overvalued right now?
Kalpataru (NSE:KALPATARU) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Kalpataru's overall GF Score™ is 7/100 with 6 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 Kalpataru (NSE:KALPATARU), the current Beneish M-Score is 0.00 as of Jul. 10, 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.

Kalpataru Business Description

Other Exchanges 544423:India
Address 91, Kalpataru Synergy, opposite Grand Hyatt, Santacruz East, Mumbai, MH, IND, 400 055
Kalpataru Ltd is an integrated real estate development company involved in all key activities associated with real estate development, including the identification and acquisition of land (or development rights thereto), planning, designing, execution, sales, and marketing of its projects. It is a prominent real estate developer in the Mumbai Metropolitan Region (MMR) in Maharashtra and are present across all micro-markets in the MMR. The company generates key revenue from the sale of residential units, and License fees & other charges.
7GF 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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