Propshop Events And Exhibitions (NSE:PROPSHOP) Beneish M-Score: 0.00 (As of Sep. 01, 2026)

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NSE:PROPSHOP Propshop Events And Exhibitions Ltd NSE:PROPSHOP
19 GF Score
Price ₹70.85
! 1 Warning Sign
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What is Propshop Events And Exhibitions Beneish M-Score?

Propshop Events And Exhibitions NSE:PROPSHOP -5.09% 19 Beneish M-Score is 0.00 as of Sep. 01, 2026. GuruFocus rates NSE:PROPSHOP with a GF Score™ of 19/100. The stock has 1 warning sign investors should review. Among 1,016 Business Services companies, Propshop Events And Exhibitions ranks worse than 98425.1% 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.

The historical rank and industry rank for Propshop Events And Exhibitions's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of Propshop Events And Exhibitions was 0.00. The lowest was 0.00. And the median was 0.00.

Propshop Events And Exhibitions Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Propshop Events And Exhibitions'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.

Propshop Events And Exhibitions Beneish M-Score Chart

Propshop Events And Exhibitions Annual Data
Trend Mar23 Mar24 Mar25
Beneish M-Score
0.00 0.00 0.00

Propshop Events And Exhibitions Semi-Annual Data
Mar23 Mar24 Mar25
Beneish M-Score 0.00 0.00 0.00

NSE:PROPSHOP vs CTAS, CPRT, GPN: Beneish M-Score Comparison

For the Specialty Business Services subindustry, Propshop Events And Exhibitions'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.

Propshop Events And Exhibitions Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Propshop Events And Exhibitions's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Propshop Events And Exhibitions's Beneish M-Score falls into.


NSE:PROPSHOP
19GF Score
Propshop Events And Exhibitions Ltd NSE:PROPSHOP
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Propshop Events And Exhibitions 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 Propshop Events And Exhibitions 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 * 2.2214+0.528 * 0.6775+0.404 * 0.7515+0.892 * 1.6883+0.115 * 0.6916
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 4.4595+4.679 * 0.334908-0.327 * 0.6135
=0.05

* 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 (Mar24) TTM:
Total Receivables was ₹78.7 Mil.
Revenue was ₹515.2 Mil.
Gross Profit was ₹106.1 Mil.
Total Current Assets was ₹181.7 Mil.
Total Assets was ₹184.6 Mil.
Property, Plant and Equipment(Net PPE) was ₹1.9 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹1.1 Mil.
Selling, General, & Admin. Expense(SGA) was ₹3.9 Mil.
Total Current Liabilities was ₹69.9 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.
Net Income was ₹63.2 Mil.
Gross Profit was ₹0.0 Mil.
Cash Flow from Operations was ₹1.4 Mil.
 Total Receivables was ₹21.0 Mil.
Revenue was ₹305.1 Mil.
Gross Profit was ₹42.6 Mil.
Total Current Assets was ₹109.4 Mil.
Total Assets was ₹111.0 Mil.
Property, Plant and Equipment(Net PPE) was ₹0.9 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.3 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.5 Mil.
Total Current Liabilities was ₹68.5 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.0 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)
=(78.74 / 515.182) / (20.995 / 305.148)
=0.152839 / 0.068803
=2.2214

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)
=(42.581 / 305.148) / (106.109 / 515.182)
=0.139542 / 0.205964
=0.6775

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 - (181.727 + 1.923) / 184.615) / (1 - (109.356 + 0.878) / 111.006)
=0.005227 / 0.006955
=0.7515

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
=515.182 / 305.148
=1.6883

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))
=(0.305 / (0.305 + 0.878)) / (1.143 / (1.143 + 1.923))
=0.257819 / 0.372798
=0.6916

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)
=(3.855 / 515.182) / (0.512 / 305.148)
=0.007483 / 0.001678
=4.4595

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)
=((0 + 69.899) / 184.615) / ((0 + 68.505) / 111.006)
=0.37862 / 0.617129
=0.6135

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
=(63.23 - 0 - 1.401) / 184.615
=0.334908

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.

Propshop Events And Exhibitions has a M-score of 0.05 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 0.00 mean?
Propshop Events And Exhibitions (NSE:PROPSHOP) has a Beneish M-Score of 0.00 as of Sep. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Propshop Events And Exhibitions and its competitors. According to the industry distribution chart, Propshop Events And Exhibitions ranks #999999 out of 1016 companies in the Business Services industry.
Is Propshop Events And Exhibitions' Beneish M-Score too high?
Propshop Events And Exhibitions' current Beneish M-Score is 0.00. Based on the distribution chart, Propshop Events And Exhibitions ranks #999999 out of 1016 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Propshop Events And Exhibitions has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Propshop Events And Exhibitions' Beneish M-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Propshop Events And Exhibitions ranks #999999 out of 1016 companies for Beneish M-Score. This places Propshop Events And Exhibitions 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 Business Services company?
A good Beneish M-Score depends on the Business 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 Propshop Events And Exhibitions and its competitors. Propshop Events And Exhibitions's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Propshop Events And Exhibitions stock overvalued right now?
Propshop Events And Exhibitions (NSE:PROPSHOP) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Propshop Events And Exhibitions' overall GF Score™ is 19/100 with 1 warning sign 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 Propshop Events And Exhibitions (NSE:PROPSHOP), the current Beneish M-Score is 0.00 as of Sep. 01, 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.

Propshop Events And Exhibitions Business Description

Address Mori Road, 18E AC Shed, Plot No. 837, TPS 3, Mahim West, Mumbai, MH, IND, 400016
Propshop Events And Exhibitions Ltd is engaged in the business of trade show and exhibition booth solutions, offering both custom-built and modular exhibition options. It outsources booth fabrication and related services which are carried out under the company's supervision, while design and conceptualization are handled in-house and through project-based collaborations with professionals. Its services include concept design, 3D visualization, project management, logistics, on-site supervision, fabrication, installation, and post-event dismantling support. The company serves various including Industrial Machinery & Equipment, Building Materials, Furnishing and Decor, Chemicals, Media & Entertainment, Healthcare and Cosmetics, Food & Beverages, and more.
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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