Micropro Software Solutions (NSE:MICROPRO) Beneish M-Score: -3.02 (As of Jun. 26, 2026)


NSE:MICROPRO Micropro Software Solutions Ltd NSE:MICROPRO
57 GF Score
Price ₹19.25
GF Value ₹23.79
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Micropro Software Solutions Beneish M-Score?

Micropro Software Solutions NSE:MICROPRO 57 Beneish M-Score is -3.02 as of Jun. 26, 2026. GuruFocus rates NSE:MICROPRO with a GF Score™ of 57/100 and a GF Value™ of ₹23.79 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,634 Software companies, Micropro Software Solutions ranks better than 77.22% 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 -3.02 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

NSE:MICROPRO' s Beneish M-Score Range Over the Past 10 Years
Min: -3.02   Med: -1.16   Max: 2.51
Current: -3.02

During the past 6 years, the highest Beneish M-Score of Micropro Software Solutions was 2.51. The lowest was -3.02. And the median was -1.16.

Micropro Software Solutions Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Micropro Software Solutions'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.

Micropro Software Solutions Beneish M-Score Chart

Micropro Software Solutions Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial 0.00 -1.02 -1.30 2.51 -3.02

Micropro Software Solutions Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only -1.30 0.00 2.51 0.00 -3.02

NSE:MICROPRO vs IBM, ACN, FISV: Beneish M-Score Comparison

For the Information Technology Services subindustry, Micropro Software Solutions'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.

Micropro Software Solutions Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Micropro Software Solutions's Beneish M-Score distribution charts can be found below:

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


NSE:MICROPRO
57GF Score
Micropro Software Solutions Ltd NSE:MICROPRO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Micropro Software Solutions 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 Micropro Software Solutions 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 * 1.139+0.528 * 0.3929+0.404 * 1.3909+0.892 * 0.8152+0.115 * 0.7371
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * -0.091591-0.327 * 1.157
=-3.02

* 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 ₹173.1 Mil.
Revenue was ₹188.5 Mil.
Gross Profit was ₹34.9 Mil.
Total Current Assets was ₹318.8 Mil.
Total Assets was ₹522.2 Mil.
Property, Plant and Equipment(Net PPE) was ₹106.5 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹26.6 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.0 Mil.
Total Current Liabilities was ₹66.2 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.
Net Income was ₹-12.9 Mil.
Gross Profit was ₹0.0 Mil.
Cash Flow from Operations was ₹34.9 Mil.
 Total Receivables was ₹186.5 Mil.
Revenue was ₹231.2 Mil.
Gross Profit was ₹16.8 Mil.
Total Current Assets was ₹330.1 Mil.
Total Assets was ₹518.9 Mil.
Property, Plant and Equipment(Net PPE) was ₹119.5 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹20.6 Mil.
Selling, General, & Admin. Expense(SGA) was ₹20.0 Mil.
Total Current Liabilities was ₹56.8 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.0 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)
=(173.14 / 188.477) / (186.459 / 231.191)
=0.918627 / 0.806515
=1.139

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)
=(16.842 / 231.191) / (34.947 / 188.477)
=0.072849 / 0.185418
=0.3929

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 - (318.792 + 106.451) / 522.204) / (1 - (330.142 + 119.456) / 518.865)
=0.185676 / 0.133497
=1.3909

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
=188.477 / 231.191
=0.8152

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))
=(20.612 / (20.612 + 119.456)) / (26.553 / (26.553 + 106.451))
=0.147157 / 0.199641
=0.7371

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 / 188.477) / (19.973 / 231.191)
=0 / 0.086392
=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)
=((0 + 66.15) / 522.204) / ((0 + 56.81) / 518.865)
=0.126675 / 0.109489
=1.157

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
=(-12.905 - 0 - 34.924) / 522.204
=-0.091591

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.

Micropro Software Solutions has a M-score of -3.02 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 -3.02 mean?
Micropro Software Solutions (NSE:MICROPRO) has a Beneish M-Score of -3.02 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Micropro Software Solutions and its competitors. According to the industry distribution chart, Micropro Software Solutions ranks #600 out of 2634 companies in the Software industry, placing it in the top 22.8%.
Is Micropro Software Solutions' Beneish M-Score too high?
Micropro Software Solutions' current Beneish M-Score is -3.02. Based on the distribution chart, Micropro Software Solutions ranks #600 out of 2634 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Micropro Software Solutions has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Micropro Software Solutions' Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, Micropro Software Solutions ranks #600 out of 2634 companies for Beneish M-Score. This places Micropro Software Solutions in the top 23% of its industry — outperforming the majority of peers. 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 Software company?
A good Beneish M-Score depends on the Software 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 Micropro Software Solutions and its competitors. Micropro Software Solutions's current Beneish M-Score is -3.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Micropro Software Solutions stock overvalued right now?
Based on GuruFocus' analysis, Micropro Software Solutions (NSE:MICROPRO) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹23.79, compared to a current price of ₹19.25 — trading 19.1% below its estimated fair value. The current Beneish M-Score is -3.02. Micropro Software Solutions' overall GF Score™ is 57/100 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 Micropro Software Solutions (NSE:MICROPRO), the current Beneish M-Score is -3.02 as of Jun. 26, 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 Micropro Software Solutions (NSE:MICROPRO) Overvalued in 2026?

Based on GuruFocus' analysis, Micropro Software Solutions stock appears to be undervalued. The current stock price of ₹19.25 is trading 19.1% below its estimated GF Value™ of ₹23.79. GuruFocus considers Micropro Software Solutions to be Modestly Undervalued.

Key valuation signals for NSE:MICROPRO:

  • Beneish M-Score: -3.02
  • GF Value™: ₹23.79 vs. price of ₹19.25 (19.1% below fair value)
  • GF Score™: 57/100 with 4 warning signs

No single metric tells the full story. See the NSE:MICROPRO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Micropro Software Solutions Business Description

Address Gayatri Nagar, Plot No. 28, 702, Wing A, 7th Floor, IT Park, Nagpur, MH, IND, 440022
Micropro Software Solutions Ltd is engaged in the business of Software development, Technical Services, IT Solutions, designs, develops, standardizes and customizes software solutions across various industries verticals. The company's products include PharmaZip a pharmaceutical distribution software; HospyCare a next-generation Hospital Information Management System; Opensys-Logix; and Micropro Pharma. The company has two reportable business segments: IT related services & Trading of IT hardware and software.
57GF Score

Get the complete analysis for NSE:MICROPRO

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

₹19.25
Price
₹23.79
GF Value