Optiemus Infracom (NSE:OPTIEMUS) Beneish M-Score: -2.58 (As of Jul. 07, 2026)


NSE:OPTIEMUS Optiemus Infracom Ltd NSE:OPTIEMUS
82 GF Score
Price ₹522.40
GF Value ₹462.58
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Optiemus Infracom Beneish M-Score?

Optiemus Infracom NSE:OPTIEMUS +0.16% 82 Beneish M-Score is -2.58 as of Jul. 07, 2026. GuruFocus rates NSE:OPTIEMUS with a GF Score™ of 82/100 and a GF Value™ of ₹462.58 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,405 Hardware companies, Optiemus Infracom ranks better than 59.21% 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 -2.58 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

NSE:OPTIEMUS' s Beneish M-Score Range Over the Past 10 Years
Min: -2.82   Med: -2.04   Max: -0.45
Current: -2.58

During the past 13 years, the highest Beneish M-Score of Optiemus Infracom was -0.45. The lowest was -2.82. And the median was -2.04.


Optiemus Infracom Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Optiemus Infracom'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.

Optiemus Infracom Beneish M-Score Chart

Optiemus Infracom Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.47 -2.00 -2.40 -1.95 -2.58

Optiemus Infracom 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.95 0.00 0.00 0.00 -2.58

NSE:OPTIEMUS vs SNX, ARW, AVT: Beneish M-Score Comparison

For the Electronics & Computer Distribution subindustry, Optiemus Infracom'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.


Optiemus Infracom Beneish M-Score vs Hardware Industry

For the Hardware industry and Technology sector, Optiemus Infracom's Beneish M-Score distribution charts can be found below:

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


NSE:OPTIEMUS
82GF Score
Optiemus Infracom Ltd NSE:OPTIEMUS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Optiemus Infracom 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 Optiemus Infracom 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 * 0.5053+0.528 * 0.991+0.404 * 0.8681+0.892 * 0.9358+0.115 * 1.834
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.042521-0.327 * 0.9952
=-2.58

* 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 ₹2,976 Mil.
Revenue was ₹17,686 Mil.
Gross Profit was ₹2,212 Mil.
Total Current Assets was ₹10,763 Mil.
Total Assets was ₹18,382 Mil.
Property, Plant and Equipment(Net PPE) was ₹5,473 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹243 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹7,425 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2,585 Mil.
Net Income was ₹660 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-121 Mil.
Total Receivables was ₹6,294 Mil.
Revenue was ₹18,900 Mil.
Gross Profit was ₹2,342 Mil.
Total Current Assets was ₹10,779 Mil.
Total Assets was ₹15,506 Mil.
Property, Plant and Equipment(Net PPE) was ₹2,642 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹224 Mil.
Selling, General, & Admin. Expense(SGA) was ₹91 Mil.
Total Current Liabilities was ₹7,199 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,286 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)
=(2976.048 / 17686.176) / (6294.03 / 18899.968)
=0.16827 / 0.333018
=0.5053

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)
=(2342.081 / 18899.968) / (2211.638 / 17686.176)
=0.12392 / 0.125049
=0.991

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 - (10763.192 + 5472.769) / 18381.677) / (1 - (10778.758 + 2641.927) / 15505.816)
=0.116731 / 0.134474
=0.8681

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
=17686.176 / 18899.968
=0.9358

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))
=(223.833 / (223.833 + 2641.927)) / (243.442 / (243.442 + 5472.769))
=0.078106 / 0.042588
=1.834

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 / 17686.176) / (90.616 / 18899.968)
=0 / 0.004795
=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)
=((2584.544 + 7425.104) / 18381.677) / ((1286.009 + 7198.655) / 15505.816)
=0.544545 / 0.547192
=0.9952

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
=(660.142 - 0 - -121.471) / 18381.677
=0.042521

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.

Optiemus Infracom has a M-score of -2.58 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 -2.58 mean?
Optiemus Infracom (NSE:OPTIEMUS) has a Beneish M-Score of -2.58 as of Jul. 07, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Optiemus Infracom and its competitors. According to the industry distribution chart, Optiemus Infracom ranks #981 out of 2405 companies in the Hardware industry, placing it in the top 40.8%.
Is Optiemus Infracom's Beneish M-Score too high?
Optiemus Infracom's current Beneish M-Score is -2.58. Based on the distribution chart, Optiemus Infracom ranks #981 out of 2405 companies in the Hardware industry, which is above the industry midpoint. Overall, Optiemus Infracom has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Optiemus Infracom's Beneish M-Score compare to SNX and ARW?
According to the Hardware industry distribution chart, Optiemus Infracom ranks #981 out of 2405 companies for Beneish M-Score. This puts Optiemus Infracom 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 a Hardware company?
A good Beneish M-Score depends on the Hardware 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 Optiemus Infracom and its competitors. Optiemus Infracom's current Beneish M-Score is -2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Optiemus Infracom stock overvalued right now?
Based on GuruFocus' analysis, Optiemus Infracom (NSE:OPTIEMUS) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹462.58, compared to a current price of ₹522.40 — trading 12.9% above its estimated fair value. The current Beneish M-Score is -2.58. Optiemus Infracom's overall GF Score™ is 82/100 with 3 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 Optiemus Infracom (NSE:OPTIEMUS), the current Beneish M-Score is -2.58 as of Jul. 07, 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 Optiemus Infracom (NSE:OPTIEMUS) Overvalued in 2026?

Based on GuruFocus' analysis, Optiemus Infracom stock appears to be overvalued. The current stock price of ₹522.40 is trading 12.9% above its estimated GF Value™ of ₹462.58. GuruFocus considers Optiemus Infracom to be Modestly Overvalued.

Key valuation signals for NSE:OPTIEMUS:

  • Beneish M-Score: -2.58
  • GF Value™: ₹462.58 vs. price of ₹522.40 (12.9% above fair value)
  • GF Score™: 82/100 with 3 warning signs

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


Optiemus Infracom Business Description

Other Exchanges 530135:India
Address D-348, Sector-63, Noida, UP, IND, 201307
Optiemus Infracom Ltd is engaged in the business of trading and manufacturing mobile handsets and mobile accessories, where manufacturing is predominantly restricted to third-party brands. The company operates through two segments which include Trading of goods and Manufacturing Business. The majority of the company's revenue is generated from its Manufacturing business segment, which generates revenue from manufacturing telecommunication and allied products, and electronic products for brands like ONEPLUS, Oppo, Micromax, HTC, and others. Geographically, the company caters to both domestic and international markets.
82GF Score

Get the complete analysis for NSE:OPTIEMUS

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

₹522.40
Price
₹462.58
GF Value