Orient Technologies (NSE:ORIENTTECH) Beneish M-Score: -1.31 (As of Jun. 25, 2026)


NSE:ORIENTTECH Orient Technologies Ltd NSE:ORIENTTECH
18 GF Score
Price ₹248.95
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What is Orient Technologies Beneish M-Score?

Orient Technologies NSE:ORIENTTECH -1.17% 18 Beneish M-Score is -1.31 as of Jun. 25, 2026. GuruFocus rates NSE:ORIENTTECH with a GF Score™ of 18/100. The stock has 6 warning signs investors should review. Among 2,633 Software companies, Orient Technologies ranks worse than 86.82% 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.

Warning Sign:

Beneish M-Score -1.31 higher than -1.78, which implies that the company might have manipulated its financial results.

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

NSE:ORIENTTECH' s Beneish M-Score Range Over the Past 10 Years
Min: -1.59   Med: -1.31   Max: -1.18
Current: -1.31

During the past 5 years, the highest Beneish M-Score of Orient Technologies was -1.18. The lowest was -1.59. And the median was -1.31.

Orient Technologies Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Orient Technologies'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.

Orient Technologies Beneish M-Score Chart

Orient Technologies Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -1.59 -1.18 -1.31

Orient Technologies Quarterly Data
Mar22 Mar23 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 -1.18 0.00 0.00 0.00 -1.31

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

For the Information Technology Services subindustry, Orient Technologies'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.

Orient Technologies Beneish M-Score vs Software Industry

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

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


NSE:ORIENTTECH
18GF Score
Orient Technologies Ltd NSE:ORIENTTECH
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Orient Technologies 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 Orient Technologies 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 * 0.8359+0.528 * 1.8383+0.404 * 2.3149+0.892 * 1.0358+0.115 * 0.7384
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.042079-0.327 * 1.0794
=-1.31

* 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 ₹2,518 Mil.
Revenue was ₹8,695 Mil.
Gross Profit was ₹776 Mil.
Total Current Assets was ₹4,415 Mil.
Total Assets was ₹5,699 Mil.
Property, Plant and Equipment(Net PPE) was ₹793 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹141 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹2,205 Mil.
Long-Term Debt & Capital Lease Obligation was ₹17 Mil.
Net Income was ₹46 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-194 Mil.
 Total Receivables was ₹2,908 Mil.
Revenue was ₹8,395 Mil.
Gross Profit was ₹1,376 Mil.
Total Current Assets was ₹4,645 Mil.
Total Assets was ₹5,250 Mil.
Property, Plant and Equipment(Net PPE) was ₹409 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹51 Mil.
Selling, General, & Admin. Expense(SGA) was ₹115 Mil.
Total Current Liabilities was ₹1,857 Mil.
Long-Term Debt & Capital Lease Obligation was ₹38 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)
=(2518.095 / 8695.445) / (2908.377 / 8395.306)
=0.289588 / 0.346429
=0.8359

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)
=(1376.497 / 8395.306) / (775.544 / 8695.445)
=0.16396 / 0.08919
=1.8383

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 - (4414.913 + 793.079) / 5698.835) / (1 - (4645.41 + 409.31) / 5250.051)
=0.08613 / 0.037206
=2.3149

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
=8695.445 / 8395.306
=1.0358

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))
=(51.179 / (51.179 + 409.31)) / (140.529 / (140.529 + 793.079))
=0.111141 / 0.150522
=0.7384

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 / 8695.445) / (114.872 / 8395.306)
=0 / 0.013683
=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)
=((16.61 + 2204.505) / 5698.835) / ((38.415 + 1857.268) / 5250.051)
=0.389749 / 0.361079
=1.0794

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
=(45.7 - 0 - -194.101) / 5698.835
=0.042079

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.

Orient Technologies has a M-score of -1.31 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.31 mean?
Orient Technologies (NSE:ORIENTTECH) has a Beneish M-Score of -1.31 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Orient Technologies and its competitors. According to the industry distribution chart, Orient Technologies ranks #2286 out of 2633 companies in the Software industry, placing it in the top 86.8%.
Is Orient Technologies' Beneish M-Score too high?
Orient Technologies' current Beneish M-Score is -1.31. Based on the distribution chart, Orient Technologies ranks #2286 out of 2633 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Orient Technologies has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Orient Technologies' Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, Orient Technologies ranks #2286 out of 2633 companies for Beneish M-Score. This places Orient Technologies 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 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 Orient Technologies and its competitors. Orient Technologies's current Beneish M-Score is -1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orient Technologies stock overvalued right now?
Orient Technologies (NSE:ORIENTTECH) has a current Beneish M-Score of -1.31. The current Beneish M-Score is -1.31. Orient Technologies' overall GF Score™ is 18/100 with 6 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 Orient Technologies (NSE:ORIENTTECH), the current Beneish M-Score is -1.31 as of Jun. 25, 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.

Orient Technologies Business Description

Other Exchanges 544235:India
Address MIDC Central Road, 602, Ackruti Center Point, Andheri (East), Mumbai, MH, IND, 400093
Orient Technologies Ltd is an information technology (IT) solutions provider. It includes three segments: the IT Infrastructure Products and Services segment, which includes products and solutions, including Data Centre Solutions and End-User Computing. IT Enabled Services (IteS) segment include services includes Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals. The Cloud and Data Management Services segment includes services that include the migration of workload from data centers to the cloud. Key revenue is generated from the IT Infrastructure segment.
18GF Score

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