OBSC Perfection (NSE:OBSCP) Beneish M-Score: -1.78 (As of Jul. 08, 2026)


NSE:OBSCP OBSC Perfection Ltd NSE:OBSCP
31 GF Score
Price ₹539.10
! 7 Warning Signs
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What is OBSC Perfection Beneish M-Score?

OBSC Perfection NSE:OBSCP -6.60% 31 Beneish M-Score is -1.78 as of Jul. 08, 2026. GuruFocus rates NSE:OBSCP with a GF Score™ of 31/100. The stock has 7 warning signs investors should review. Among 1,278 Vehicles & Parts companies, OBSC Perfection ranks worse than 88.58% 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 -1.78 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

NSE:OBSCP' s Beneish M-Score Range Over the Past 10 Years
Min: -2.05   Med: -1.92   Max: -1.78
Current: -1.78

During the past 4 years, the highest Beneish M-Score of OBSC Perfection was -1.78. The lowest was -2.05. And the median was -1.92.

OBSC Perfection Beneish M-Score Historical Data

* Premium members only.

The historical data trend for OBSC Perfection'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.

OBSC Perfection Beneish M-Score Chart

OBSC Perfection Annual Data
Trend Mar22 Mar23 Mar24 Mar25
Beneish M-Score
0.00 0.00 -2.05 -1.78

OBSC Perfection Semi-Annual Data
Mar22 Mar23 Mar24 Mar25
Beneish M-Score 0.00 0.00 -2.05 -1.78

NSE:OBSCP vs ORLY, AZO: Beneish M-Score Comparison

For the Auto Parts subindustry, OBSC Perfection'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.

OBSC Perfection Beneish M-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, OBSC Perfection's Beneish M-Score distribution charts can be found below:

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


NSE:OBSCP
31GF Score
OBSC Perfection Ltd NSE:OBSCP
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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OBSC Perfection 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 OBSC Perfection 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 * 1.1785+0.528 * 0.9981+0.404 * 0.8344+0.892 * 1.2413+0.115 * 1.1228
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0963+4.679 * 0.049897-0.327 * 0.5338
=-1.78

* 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 ₹383 Mil.
Revenue was ₹1,428 Mil.
Gross Profit was ₹369 Mil.
Total Current Assets was ₹848 Mil.
Total Assets was ₹1,586 Mil.
Property, Plant and Equipment(Net PPE) was ₹722 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹40 Mil.
Selling, General, & Admin. Expense(SGA) was ₹40 Mil.
Total Current Liabilities was ₹336 Mil.
Long-Term Debt & Capital Lease Obligation was ₹200 Mil.
Net Income was ₹168 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹88 Mil.
 Total Receivables was ₹262 Mil.
Revenue was ₹1,150 Mil.
Gross Profit was ₹297 Mil.
Total Current Assets was ₹425 Mil.
Total Assets was ₹865 Mil.
Property, Plant and Equipment(Net PPE) was ₹430 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹27 Mil.
Selling, General, & Admin. Expense(SGA) was ₹29 Mil.
Total Current Liabilities was ₹292 Mil.
Long-Term Debt & Capital Lease Obligation was ₹256 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)
=(382.807 / 1427.892) / (261.667 / 1150.303)
=0.268092 / 0.227477
=1.1785

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)
=(296.792 / 1150.303) / (369.122 / 1427.892)
=0.258012 / 0.258508
=0.9981

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 - (847.927 + 722.289) / 1585.508) / (1 - (424.986 + 430.074) / 865.059)
=0.009645 / 0.011559
=0.8344

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
=1427.892 / 1150.303
=1.2413

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))
=(27.253 / (27.253 + 430.074)) / (40.485 / (40.485 + 722.289))
=0.059592 / 0.053076
=1.1228

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)
=(39.621 / 1427.892) / (29.115 / 1150.303)
=0.027748 / 0.025311
=1.0963

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)
=((200.239 + 336.059) / 1585.508) / ((255.965 + 292.225) / 865.059)
=0.33825 / 0.633702
=0.5338

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
=(167.604 - 0 - 88.492) / 1585.508
=0.049897

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.

OBSC Perfection has a M-score of -1.78 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 -1.78 mean?
OBSC Perfection (NSE:OBSCP) has a Beneish M-Score of -1.78 as of Jul. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on OBSC Perfection and its competitors. According to the industry distribution chart, OBSC Perfection ranks #1132 out of 1278 companies in the Vehicles & Parts industry, placing it in the top 88.6%.
Is OBSC Perfection's Beneish M-Score too high?
OBSC Perfection's current Beneish M-Score is -1.78. Based on the distribution chart, OBSC Perfection ranks #1132 out of 1278 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, OBSC Perfection has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does OBSC Perfection's Beneish M-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, OBSC Perfection ranks #1132 out of 1278 companies for Beneish M-Score. This places OBSC Perfection 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 OBSC Perfection and its competitors. OBSC Perfection's current Beneish M-Score is -1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OBSC Perfection stock overvalued right now?
OBSC Perfection (NSE:OBSCP) has a current Beneish M-Score of -1.78. The current Beneish M-Score is -1.78. OBSC Perfection's overall GF Score™ is 31/100 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 OBSC Perfection (NSE:OBSCP), the current Beneish M-Score is -1.78 as of Jul. 08, 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.

OBSC Perfection Business Description

Address Jasola District Centre, 6F, 6th Floor, M-6, Uppal Plaza, South Delhi, Delhi, IND, 110025
OBSC Perfection Ltd is a precision metal component manufacturer. It is engaged in the manufacture and sale of Components made of steel and other metals. The company manufacture precision metal components including but not limited to cut blanks, shafts/spline shafts, torsion rods, piston rods, rack bar semi-finished, pinion, drive shafts, gear shifters, cable end fittings, sensor boss, sleeves, push plate, hubs, housing - brass and aluminium, fork bolt, fasteners, connectors, ball pin, ball pin housing, flange, male female ring, dozing adapter, and housing. It generates the majority of its revenue from Sales Outside India.
31GF Score

Get the complete analysis for NSE:OBSCP

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

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