Info Edge (India) (NSE:NAUKRI) Beneish M-Score: -3.19 (As of Jul. 09, 2026)

What is Info Edge (India) Beneish M-Score?

Info Edge (India) NSE:NAUKRI +1.94% 82 Beneish M-Score is -3.19 as of Jul. 09, 2026. GuruFocus rates NSE:NAUKRI with a GF Score™ of 82/100 and a GF Value™ of ₹1,527.79 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 532 Interactive Media companies, Info Edge (India) ranks better than 72.37% 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 -3.19 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Info Edge (India)'s Beneish M-Score or its related term are showing as below:

NSE:NAUKRI' s Beneish M-Score Range Over the Past 10 Years
Min: -3.59 Med: -2.35 Max: 1.14
Current: -3.19

During the past 13 years, the highest Beneish M-Score of Info Edge (India) was 1.14. The lowest was -3.59. And the median was -2.35.

Info Edge (India) Beneish M-Score Related Terms

Info Edge (India) Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Info Edge (India)'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.

Info Edge (India) Beneish M-Score Chart

Info Edge (India) Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Beneish M-Score

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1.14

-2.71

-2.14

-2.23

-3.19

Info Edge (India) Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															-2.23	0.00	0.00	0.00	-3.19

NSE:NAUKRI vs GOOGL, META, SPOT: Beneish M-Score Comparison

For the Internet Content & Information subindustry, Info Edge (India)'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.

Info Edge (India) Beneish M-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Info Edge (India)'s Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Info Edge (India)'s Beneish M-Score falls into.

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82GF Score

Info Edge (India) Ltd NSE:NAUKRI

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Info Edge (India) 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 Info Edge (India) for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.0609

0.528 * 1.0008

0.404 * 1.0021

0.892 * 1.1527

0.115 * 0.9527

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0533

4.679 * 0.007851

0.327 * 1.0075

-3.19

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was ₹125 Mil.
Revenue was ₹32,847 Mil.
Gross Profit was ₹31,921 Mil.
Total Current Assets was ₹48,919 Mil.
Total Assets was ₹475,595 Mil.
Property, Plant and Equipment(Net PPE) was ₹3,738 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹1,226 Mil.
Selling, General, & Admin. Expense(SGA) was ₹4,530 Mil.
Total Current Liabilities was ₹19,821 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2,166 Mil.
Net Income was ₹14,498 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹10,764 Mil.

Total Receivables was ₹1,783 Mil.
Revenue was ₹28,496 Mil.
Gross Profit was ₹27,713 Mil.
Total Current Assets was ₹44,471 Mil.
Total Assets was ₹427,713 Mil.
Property, Plant and Equipment(Net PPE) was ₹3,675 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹1,131 Mil.
Selling, General, & Admin. Expense(SGA) was ₹3,731 Mil.
Total Current Liabilities was ₹17,310 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2,315 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)
	=	(125.16 / 32847.32)	/	(1783.23 / 28495.51)
	=	0.00381	/	0.062579
	=	0.0609

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)
	=	(27712.5 / 28495.51)	/	(31920.64 / 32847.32)
	=	0.972522	/	0.971788
	=	1.0008

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 - (48918.9 + 3737.69) / 475594.77)	/	(1 - (44470.58 + 3675.48) / 427713.49)
	=	0.889283	/	0.887434
	=	1.0021

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
	=	32847.32	/	28495.51
	=	1.1527

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))
	=	(1130.9 / (1130.9 + 3675.48))	/	(1225.78 / (1225.78 + 3737.69))
	=	0.235291	/	0.24696
	=	0.9527

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)
	=	(4530.23 / 32847.32)	/	(3731.14 / 28495.51)
	=	0.137918	/	0.130938
	=	1.0533

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)
	=	((2165.6 + 19821.18) / 475594.77)	/	((2315.32 + 17310.32) / 427713.49)
	=	0.04623	/	0.045885
	=	1.0075

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
	=	(14498.14 - 0	-	10764.34)	/	475594.77
	=	0.007851

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.

Info Edge (India) has a M-score of -3.19 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 -3.19 mean?

Info Edge (India) (NSE:NAUKRI) has a Beneish M-Score of -3.19 as of Jul. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Info Edge (India) and its competitors. According to the industry distribution chart, Info Edge (India) ranks #147 out of 532 companies in the Interactive Media industry, placing it in the top 27.6%.

Is Info Edge (India)'s Beneish M-Score too high?

Info Edge (India)'s current Beneish M-Score is -3.19. Based on the distribution chart, Info Edge (India) ranks #147 out of 532 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Info Edge (India) has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Info Edge (India)'s Beneish M-Score compare to GOOGL and META?

According to the Interactive Media industry distribution chart, Info Edge (India) ranks #147 out of 532 companies for Beneish M-Score. This puts Info Edge (India) 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 an Interactive Media company?

A good Beneish M-Score depends on the Interactive Media 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 Info Edge (India) and its competitors. Info Edge (India)'s current Beneish M-Score is -3.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Info Edge (India) stock overvalued right now?

Based on GuruFocus' analysis, Info Edge (India) (NSE:NAUKRI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,527.79, compared to a current price of ₹1,201.85 — trading 21.3% below its estimated fair value. The current Beneish M-Score is -3.19. Info Edge (India)'s overall GF Score™ is 82/100 with 2 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 Info Edge (India) (NSE:NAUKRI), the current Beneish M-Score is -3.19 as of Jul. 09, 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 Info Edge (India) (NSE:NAUKRI) Overvalued in 2026?

Based on GuruFocus' analysis, Info Edge (India) stock appears to be undervalued. The current stock price of ₹1,201.85 is trading 21.3% below its estimated GF Value™ of ₹1,527.79. GuruFocus considers Info Edge (India) to be Modestly Undervalued.

Key valuation signals for NSE:NAUKRI:

Beneish M-Score: -3.19
GF Value™: ₹1,527.79 vs. price of ₹1,201.85 (21.3% below fair value)
GF Score™: 82/100 with 2 warning signs

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

Info Edge (India) Business Description

Industry Communication Services Interactive Media

Comparable Companies NSE:INDIAMART BOM:535648 BOM:540704 NSE:BAGDIGITAL BOM:542685 BOM:534623 GOOGL META HKSE:00700 TSE:6098 SPOT NBIS BIDU RDDT HKSE:01024 XKRX:035420 TME ASX:REA PINS XKRX:035720

Other Exchanges 532777:India

Address Sector - 132, B - 8, Noida, UP, IND, 201304

Website https://www.infoedge.in

Info Edge (India) Ltd is engaged in offering services in the areas of recruitment, matrimony, real estate, and education through online portals. The business segments of the company are Recruitment solutions, which generate maximum revenue, 99acres for Real Estate, and Others. The Recruitment Solutions business comprises the www.naukri.com, www.quadrangle.com, www.naukrigulf.com, www.firstnaukri.com, and fast forward candidate services. 99acres.com derives its revenues from property listings, builders, and brokers, branding and visibility through microsites, home page links, and banners, and servicing real estate developers, builders, and brokers. The Others segment comprises Jeevansathi and Shiksha verticals. The group caters to customers located in India and internationally.

82GF Score

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

₹1,201.85

Price

₹1,527.79

GF Value

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