Park Medi World (NSE:PARKHOSPS) Beneish M-Score: -2.00 (As of Jul. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:PARKHOSPS Park Medi World Ltd NSE:PARKHOSPS
20 GF Score
Price ₹279.00
! 4 Warning Signs
View Full Analysis

What is Park Medi World Beneish M-Score?

Park Medi World NSE:PARKHOSPS +1.84% 20 Beneish M-Score is -2.00 as of Jul. 21, 2026. GuruFocus rates NSE:PARKHOSPS with a GF Score™ of 20/100. The stock has 4 warning signs investors should review. Among 628 Healthcare Providers & Services companies, Park Medi World ranks worse than 80.1% 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 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

NSE:PARKHOSPS' s Beneish M-Score Range Over the Past 10 Years
Min: -2.24   Med: -2.12   Max: -2
Current: -2

During the past 4 years, the highest Beneish M-Score of Park Medi World was -2.00. The lowest was -2.24. And the median was -2.12.

Park Medi World Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Park Medi World'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.

Park Medi World Beneish M-Score Chart

Park Medi World Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -2.24 -2.00

Park Medi World Quarterly Data
Mar23 Mar24 Dec24 Mar25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial 0.00 -2.24 0.00 0.00 -2.00

NSE:PARKHOSPS vs HCA, THC, DVA: Beneish M-Score Comparison

For the Medical Care Facilities subindustry, Park Medi World'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.

Park Medi World Beneish M-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Park Medi World's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Park Medi World's Beneish M-Score falls into.


NSE:PARKHOSPS
20GF Score
Park Medi World Ltd NSE:PARKHOSPS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Park Medi World 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 Park Medi World 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 * 0.7646+0.528 * 0.95+0.404 * 2.2331+0.892 * 1.2051+0.115 * 1.0873
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0248+4.679 * -0.025229-0.327 * 0.5169
=-2.00

* 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 ₹5,935 Mil.
Revenue was ₹16,794 Mil.
Gross Profit was ₹10,602 Mil.
Total Current Assets was ₹10,878 Mil.
Total Assets was ₹28,131 Mil.
Property, Plant and Equipment(Net PPE) was ₹10,411 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹625 Mil.
Selling, General, & Admin. Expense(SGA) was ₹2,571 Mil.
Total Current Liabilities was ₹5,289 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,504 Mil.
Net Income was ₹2,581 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹3,291 Mil.
 Total Receivables was ₹6,441 Mil.
Revenue was ₹13,936 Mil.
Gross Profit was ₹8,358 Mil.
Total Current Assets was ₹10,337 Mil.
Total Assets was ₹21,337 Mil.
Property, Plant and Equipment(Net PPE) was ₹8,676 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹569 Mil.
Selling, General, & Admin. Expense(SGA) was ₹2,082 Mil.
Total Current Liabilities was ₹5,561 Mil.
Long-Term Debt & Capital Lease Obligation was ₹4,406 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)
=(5934.88 / 16793.56) / (6441.12 / 13935.7)
=0.353402 / 0.462203
=0.7646

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)
=(8357.55 / 13935.7) / (10601.53 / 16793.56)
=0.599722 / 0.631285
=0.95

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 - (10877.93 + 10411.33) / 28131.46) / (1 - (10336.59 + 8676.45) / 21337.03)
=0.243222 / 0.108918
=2.2331

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
=16793.56 / 13935.7
=1.2051

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))
=(568.95 / (568.95 + 8676.45)) / (624.62 / (624.62 + 10411.33))
=0.061539 / 0.056599
=1.0873

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)
=(2570.74 / 16793.56) / (2081.59 / 13935.7)
=0.153079 / 0.149371
=1.0248

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)
=((1503.73 + 5288.98) / 28131.46) / ((4406.09 + 5561.16) / 21337.03)
=0.241463 / 0.467134
=0.5169

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
=(2581.2 - 0 - 3290.94) / 28131.46
=-0.025229

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.

Park Medi World has a M-score of -2.00 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 -2.00 mean?
Park Medi World (NSE:PARKHOSPS) has a Beneish M-Score of -2.00 as of Jul. 21, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Park Medi World and its competitors. According to the industry distribution chart, Park Medi World ranks #503 out of 628 companies in the Healthcare Providers & Services industry, placing it in the top 80.1%.
Is Park Medi World's Beneish M-Score too high?
Park Medi World's current Beneish M-Score is -2.00. Based on the distribution chart, Park Medi World ranks #503 out of 628 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Park Medi World has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Park Medi World's Beneish M-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Park Medi World ranks #503 out of 628 companies for Beneish M-Score. This places Park Medi World 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 Healthcare Providers & Services company?
A good Beneish M-Score depends on the Healthcare Providers & Services 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 Park Medi World and its competitors. Park Medi World's current Beneish M-Score is -2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Park Medi World stock overvalued right now?
Park Medi World (NSE:PARKHOSPS) has a current Beneish M-Score of -2.00. The current Beneish M-Score is -2.00. Park Medi World's overall GF Score™ is 20/100 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 Park Medi World (NSE:PARKHOSPS), the current Beneish M-Score is -2.00 as of Jul. 21, 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.

Park Medi World Business Description

Other Exchanges 544645:India
Address Plot no. 521, Park Tower, Udyog Vihar Phase 3, Gurugram, HR, IND, 122 022
Park Medi World Ltd is a private hospital chain in North India with an aggregate bed capacity of 3,000 beds, and a private hospital chain in terms of bed capacity in Haryana with 1,600 beds. The company operates a network of 14 NABH accredited multi-super specialty hospitals under the Park brand, of which eight hospitals are also NABL accredited, with eight hospitals in Haryana, one hospital in New Delhi, three hospitals in Punjab and two hospitals in Rajasthan, each committed to providing high-quality and affordable medical services across a diverse range of specialties. It offers over 30 super specialty and specialty services, including internal medicine, neurology, urology, gastroentereology, general surgery, orthopedics and oncology.
20GF Score

Get the complete analysis for NSE:PARKHOSPS

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

₹279.00
Price