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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 -2.07 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Kirloskar Brothers's Beneish M-Score or its related term are showing as below:
NSE:KIRLOSBROS'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.11 Med: -2.6 Max: -2.07
Current: -2.07
During the past 13 years, the highest Beneish M-Score of Kirloskar Brothers was -2.07. The lowest was -3.11. And the median was -2.60.
Kirloskar Brothers Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Kirloskar Brothers'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.
NSE:KIRLOSBROS vs GEV, ETN, PH: Beneish M-Score Comparison
For the Specialty Industrial Machinery subindustry, Kirloskar Brothers'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.
Kirloskar Brothers Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kirloskar Brothers's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Kirloskar Brothers's Beneish M-Score falls into.
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 Kirloskar Brothers 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 * 1.4177
+
0.528 * 1.0061
+
0.404 * 0.925
+
0.892 * 1.0132
+
0.115 * 0.9878
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9382
+
4.679 * 0.008944
-
0.327 * 1.044
=
-2.07
* 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.
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.
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))
=
(893.614 / (893.614 + 6733.936))
/
(1000.176 / (1000.176 + 7432.947))
=
0.117156
/
0.118601
=
0.9878
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
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
=
(3736.301 - 0
-
3342.156)
/
44068.665
=
0.008944
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.
Kirloskar Brothers has a M-score of -2.07 suggests that the company is unlikely to be a manipulator.
Kirloskar Brothers (NSE:KIRLOSBROS) has a Beneish M-Score of -2.07 as of Aug. 13, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kirloskar Brothers and its competitors. According to the industry distribution chart, Kirloskar Brothers ranks #2182 out of 2907 companies in the Industrial Products industry, placing it in the top 75.1%.
Is Kirloskar Brothers' Beneish M-Score too high?
Kirloskar Brothers' current Beneish M-Score is -2.07. Based on the distribution chart, Kirloskar Brothers ranks #2182 out of 2907 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Kirloskar Brothers has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kirloskar Brothers' Beneish M-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Kirloskar Brothers ranks #2182 out of 2907 companies for Beneish M-Score. This places Kirloskar Brothers 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 Kirloskar Brothers and its competitors. Kirloskar Brothers's current Beneish M-Score is -2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kirloskar Brothers stock overvalued right now?
Based on GuruFocus' analysis, Kirloskar Brothers (NSE:KIRLOSBROS) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,851.45, compared to a current price of ₹1,909.20 — trading 3.1% above its estimated fair value. The current Beneish M-Score is -2.07. Kirloskar Brothers' overall GF Score™ is 88/100 with 5 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 Kirloskar Brothers (NSE:KIRLOSBROS), the current Beneish M-Score is -2.07 as of Aug. 13, 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.
Is Kirloskar Brothers (NSE:KIRLOSBROS) Overvalued in 2026?
Based on GuruFocus' analysis, Kirloskar Brothers stock appears to be overvalued.
The current stock price of ₹1,909.20 is trading 3.1% above its estimated GF Value™ of ₹1,851.45.
GuruFocus considers Kirloskar Brothers to be Fairly Valued.
Key valuation signals for NSE:KIRLOSBROS:
Beneish M-Score: -2.07
GF Value™: ₹1,851.45 vs. price of ₹1,909.20 (3.1% above fair value)
No single metric tells the full story. See the NSE:KIRLOSBROS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kirloskar Brothers Ltd is an Indian pump manufacturing company. It manufactures industrial, agricultural, and domestic pumps, valves, and hydro turbines for various applications. The company is also engaged in providing fluid management solutions for large-scale infrastructure projects across various applications, including water supply, power plants, irrigation, oil and gas, marine, and defense. Its products and service offerings include designing and developing centrifugal and vertical turbine pumps, hydro turbines, end suction pumps, slipcase pumps, Francis turbines, Kaplan turbines, and others. The company operates in a single reporting segment of Fluid Machinery and Systems. Geographically, it sells products in India, its key revenue-generating market, and internationally.
88GF Score
Get the complete analysis for NSE:KIRLOSBROS
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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