Pro Fx Tech (NSE:PROFX) Beneish M-Score: -0.66 (As of Jun. 24, 2026)


NSE:PROFX Pro Fx Tech Ltd NSE:PROFX
19 GF Score
Price ₹70.40
! 2 Warning Signs
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What is Pro Fx Tech Beneish M-Score?

Pro Fx Tech NSE:PROFX 19 Beneish M-Score is -0.66 as of Jun. 24, 2026. GuruFocus rates NSE:PROFX with a GF Score™ of 19/100. The stock has 2 warning signs investors should review. Among 2,403 Hardware companies, Pro Fx Tech ranks worse than 94.26% 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 -0.66 higher than -1.78, which implies that the company might have manipulated its financial results.

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

NSE:PROFX' s Beneish M-Score Range Over the Past 10 Years
Min: -1.8   Med: -1.12   Max: -0.66
Current: -0.66

During the past 5 years, the highest Beneish M-Score of Pro Fx Tech was -0.66. The lowest was -1.80. And the median was -1.12.

Pro Fx Tech Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Pro Fx Tech'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.

Pro Fx Tech Beneish M-Score Chart

Pro Fx Tech Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -1.12 -1.80 -0.66

Pro Fx Tech Semi-Annual Data
Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score 0.00 0.00 -1.12 -1.80 -0.66

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

For the Electronics & Computer Distribution subindustry, Pro Fx Tech'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.

Pro Fx Tech Beneish M-Score vs Hardware Industry

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

* The bar in red indicates where Pro Fx Tech's Beneish M-Score falls into.


NSE:PROFX
19GF Score
Pro Fx Tech Ltd NSE:PROFX
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Pro Fx Tech 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 Pro Fx Tech 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 * 0.9835+0.528 * 1.1041+0.404 * 0.7797+0.892 * 1.366+0.115 * 2.1195
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.226196-0.327 * 0.437
=-0.66

* 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 ₹285 Mil.
Revenue was ₹1,767 Mil.
Gross Profit was ₹481 Mil.
Total Current Assets was ₹1,061 Mil.
Total Assets was ₹1,120 Mil.
Property, Plant and Equipment(Net PPE) was ₹22 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹6 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹186 Mil.
Long-Term Debt & Capital Lease Obligation was ₹16 Mil.
Net Income was ₹152 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-102 Mil.
 Total Receivables was ₹212 Mil.
Revenue was ₹1,294 Mil.
Gross Profit was ₹389 Mil.
Total Current Assets was ₹625 Mil.
Total Assets was ₹662 Mil.
Property, Plant and Equipment(Net PPE) was ₹8 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹7 Mil.
Selling, General, & Admin. Expense(SGA) was ₹61 Mil.
Total Current Liabilities was ₹265 Mil.
Long-Term Debt & Capital Lease Obligation was ₹7 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)
=(285.118 / 1767.277) / (212.22 / 1293.754)
=0.161332 / 0.164034
=0.9835

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)
=(388.612 / 1293.754) / (480.774 / 1767.277)
=0.300375 / 0.272042
=1.1041

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 - (1060.543 + 22.294) / 1120.329) / (1 - (625.122 + 8.012) / 661.527)
=0.033465 / 0.04292
=0.7797

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
=1767.277 / 1293.754
=1.366

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))
=(7.235 / (7.235 + 8.012)) / (6.431 / (6.431 + 22.294))
=0.47452 / 0.223882
=2.1195

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 / 1767.277) / (61.221 / 1293.754)
=0 / 0.04732
=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)
=((15.518 + 185.568) / 1120.329) / ((7.004 + 264.673) / 661.527)
=0.179488 / 0.410682
=0.437

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
=(151.705 - 0 - -101.709) / 1120.329
=0.226196

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.

Pro Fx Tech has a M-score of -0.66 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 -0.66 mean?
Pro Fx Tech (NSE:PROFX) has a Beneish M-Score of -0.66 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Pro Fx Tech and its competitors. According to the industry distribution chart, Pro Fx Tech ranks #2265 out of 2403 companies in the Hardware industry, placing it in the top 94.3%.
Is Pro Fx Tech's Beneish M-Score too high?
Pro Fx Tech's current Beneish M-Score is -0.66. Based on the distribution chart, Pro Fx Tech ranks #2265 out of 2403 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Pro Fx Tech has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Pro Fx Tech's Beneish M-Score compare to SNX and ARW?
According to the Hardware industry distribution chart, Pro Fx Tech ranks #2265 out of 2403 companies for Beneish M-Score. This places Pro Fx Tech 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 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 Pro Fx Tech and its competitors. Pro Fx Tech's current Beneish M-Score is -0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pro Fx Tech stock overvalued right now?
Pro Fx Tech (NSE:PROFX) has a current Beneish M-Score of -0.66. The current Beneish M-Score is -0.66. Pro Fx Tech's overall GF Score™ is 19/100 with 2 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 Pro Fx Tech (NSE:PROFX), the current Beneish M-Score is -0.66 as of Jun. 24, 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.

Pro Fx Tech Business Description

Address Church Street, Mahatma Gandhi Road, Dynamic House, 64, Bangalore North, Bangalore, KA, IND, 560001
Pro Fx Tech Ltd is engaged in the distribution of AV (Audio-Video) products, including but not limited to amplifiers & processors, turn-tables, audio streamers, speakers, subwoofers, sound bars, and cables. In addition to distribution, it excels in designing and implementing customized AV solutions for home theatres, premium home automation, multi-room audio systems, and bespoke AV solutions for corporate customers.
19GF 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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