Premier Roadlines (NSE:PRLIND) Beneish M-Score: -0.93 (As of Jun. 27, 2026)


NSE:PRLIND Premier Roadlines Ltd NSE:PRLIND
18 GF Score
Price ₹49.00
! 3 Warning Signs
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What is Premier Roadlines Beneish M-Score?

Premier Roadlines NSE:PRLIND +4.14% 18 Beneish M-Score is -0.93 as of Jun. 27, 2026. GuruFocus rates NSE:PRLIND with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 966 Transportation companies, Premier Roadlines ranks worse than 92.65% 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 -0.93 higher than -1.78, which implies that the company might have manipulated its financial results.

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

NSE:PRLIND' s Beneish M-Score Range Over the Past 10 Years
Min: -1.38   Med: -1.16   Max: -0.93
Current: -0.93

During the past 4 years, the highest Beneish M-Score of Premier Roadlines was -0.93. The lowest was -1.38. And the median was -1.16.

Premier Roadlines Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Premier Roadlines'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.

Premier Roadlines Beneish M-Score Chart

Premier Roadlines Annual Data
Trend Mar21 Mar22 Mar23 Mar25
Beneish M-Score
0.00 0.00 -1.38 -0.93

Premier Roadlines Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Sep24 Mar25 Sep25
Beneish M-Score Get a 7-Day Free Trial -1.38 0.00 0.00 -0.93 0.00

NSE:PRLIND vs FDX, UPS, JBHT: Beneish M-Score Comparison

For the Integrated Freight & Logistics subindustry, Premier Roadlines'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.

Premier Roadlines Beneish M-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Premier Roadlines's Beneish M-Score distribution charts can be found below:

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


NSE:PRLIND
18GF Score
Premier Roadlines Ltd NSE:PRLIND
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Premier Roadlines 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 Premier Roadlines 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 * 1.2858+0.528 * 0.8735+0.404 * 0.402+0.892 * 1.5052+0.115 * 1.094
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1062+4.679 * 0.218597-0.327 * 0.6033
=-0.93

* 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 (Mar23) TTM:
Total Receivables was ₹1,149 Mil.
Revenue was ₹2,889 Mil.
Gross Profit was ₹307 Mil.
Total Current Assets was ₹1,189 Mil.
Total Assets was ₹1,452 Mil.
Property, Plant and Equipment(Net PPE) was ₹257 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹17 Mil.
Selling, General, & Admin. Expense(SGA) was ₹48 Mil.
Total Current Liabilities was ₹442 Mil.
Long-Term Debt & Capital Lease Obligation was ₹102 Mil.
Net Income was ₹157 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-160 Mil.
 Total Receivables was ₹594 Mil.
Revenue was ₹1,919 Mil.
Gross Profit was ₹178 Mil.
Total Current Assets was ₹639 Mil.
Total Assets was ₹741 Mil.
Property, Plant and Equipment(Net PPE) was ₹94 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹7 Mil.
Selling, General, & Admin. Expense(SGA) was ₹29 Mil.
Total Current Liabilities was ₹367 Mil.
Long-Term Debt & Capital Lease Obligation was ₹93 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)
=(1148.707 / 2888.948) / (593.535 / 1919.265)
=0.397621 / 0.309251
=1.2858

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)
=(177.972 / 1919.265) / (306.696 / 2888.948)
=0.092729 / 0.106162
=0.8735

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 - (1188.6 + 256.591) / 1451.897) / (1 - (638.909 + 93.651) / 741.076)
=0.004619 / 0.011491
=0.402

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
=2888.948 / 1919.265
=1.5052

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))
=(6.94 / (6.94 + 93.651)) / (17.271 / (17.271 + 256.591))
=0.068992 / 0.063065
=1.094

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)
=(47.548 / 2888.948) / (28.557 / 1919.265)
=0.016459 / 0.014879
=1.1062

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)
=((102.047 + 441.661) / 1451.897) / ((93.301 + 366.676) / 741.076)
=0.374481 / 0.620688
=0.6033

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
=(157.394 - 0 - -159.987) / 1451.897
=0.218597

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.

Premier Roadlines has a M-score of -0.93 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 -0.93 mean?
Premier Roadlines (NSE:PRLIND) has a Beneish M-Score of -0.93 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Premier Roadlines and its competitors. According to the industry distribution chart, Premier Roadlines ranks #895 out of 966 companies in the Transportation industry, placing it in the top 92.7%.
Is Premier Roadlines' Beneish M-Score too high?
Premier Roadlines' current Beneish M-Score is -0.93. Based on the distribution chart, Premier Roadlines ranks #895 out of 966 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Premier Roadlines has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Premier Roadlines' Beneish M-Score compare to FDX and UPS?
According to the Transportation industry distribution chart, Premier Roadlines ranks #895 out of 966 companies for Beneish M-Score. This places Premier Roadlines 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 Transportation company?
A good Beneish M-Score depends on the Transportation 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 Premier Roadlines and its competitors. Premier Roadlines's current Beneish M-Score is -0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Premier Roadlines stock overvalued right now?
Premier Roadlines (NSE:PRLIND) has a current Beneish M-Score of -0.93. The current Beneish M-Score is -0.93. Premier Roadlines' overall GF Score™ is 18/100 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 Premier Roadlines (NSE:PRLIND), the current Beneish M-Score is -0.93 as of Jun. 27, 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.

Premier Roadlines Business Description

Address NEXTRA The Address, 5th Floor, 501, Tower A, Plot No. 4B, Mayur Vihar Phase 1 Extension, Delhi, IND, 110091
Premier Roadlines Ltd is engaged in the business of transportation of goods by road, allied activities, and the renting of trucks. The company provides services across four logistics verticals: Project Logistics, Over-Dimensional/Overweight Cargo (ODC), Contract Integrated Logistics Services, and General Freight Transportation. It serves large and complex sectors, including EPC contractors, Cement, Oil & Gas, Power & Energy, Hydro Power Projects, Defense, Railway, Heavy Engineering, and Construction Equipment manufacturers. The company operates in a single segment, which is Transport operations.
18GF Score

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

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