Regaal Resources (NSE:REGAAL) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


NSE:REGAAL Regaal Resources Ltd NSE:REGAAL
12 GF Score
Price ₹78.93
! 3 Warning Signs
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What is Regaal Resources Beneish M-Score?

Regaal Resources NSE:REGAAL +0.84% 12 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates NSE:REGAAL with a GF Score™ of 12/100. The stock has 3 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, Regaal Resources ranks worse than 54083.23% 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 Regaal Resources's Beneish M-Score or its related term are showing as below:

During the past 5 years, the highest Beneish M-Score of Regaal Resources was 0.00. The lowest was 0.00. And the median was 0.00.


Regaal Resources Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Regaal Resources'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.

Regaal Resources Beneish M-Score Chart

Regaal Resources Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 0.00 0.00 0.00

Regaal Resources Quarterly Data
Mar22 Mar23 Jun23 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 0.00 0.00 3.36 2.69 0.00

NSE:REGAAL vs KHC, GIS: Beneish M-Score Comparison

For the Packaged Foods subindustry, Regaal Resources'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.


Regaal Resources Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Regaal Resources's Beneish M-Score distribution charts can be found below:

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


NSE:REGAAL
12GF Score
Regaal Resources Ltd NSE:REGAAL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Regaal Resources 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 Regaal Resources 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 * 0.806+0.528 * 1.0499+0.404 * 4.2563+0.892 * 1.2393+0.115 * 1.5338
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.041564-0.327 * 0.8817
=-0.64

* 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 ₹1,489 Mil.
Revenue was 2446.08 + 3229.7 + 3200.23 + 2465.69 = ₹11,342 Mil.
Gross Profit was 749.33 + 804.88 + 785.39 + 618.05 = ₹2,958 Mil.
Total Current Assets was ₹4,828 Mil.
Total Assets was ₹13,367 Mil.
Property, Plant and Equipment(Net PPE) was ₹8,331 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹158 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹4,190 Mil.
Long-Term Debt & Capital Lease Obligation was ₹3,974 Mil.
Net Income was 165.35 + 132.46 + 167.12 + 90.67 = ₹556 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₹0 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = ₹0 Mil.
Total Receivables was ₹1,491 Mil.
Revenue was 2585.38 + 2572.28 + 2045.2 + 1948.75 = ₹9,152 Mil.
Gross Profit was 621.49 + 669.91 + 647.72 + 566.48 = ₹2,506 Mil.
Total Current Assets was ₹3,781 Mil.
Total Assets was ₹8,603 Mil.
Property, Plant and Equipment(Net PPE) was ₹4,790 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹141 Mil.
Selling, General, & Admin. Expense(SGA) was ₹70 Mil.
Total Current Liabilities was ₹2,871 Mil.
Long-Term Debt & Capital Lease Obligation was ₹3,087 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)
=(1488.92 / 11341.7) / (1490.56 / 9151.61)
=0.131278 / 0.162874
=0.806

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)
=(2505.6 / 9151.61) / (2957.65 / 11341.7)
=0.273788 / 0.260777
=1.0499

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 - (4827.86 + 8330.95) / 13367.22) / (1 - (3781.28 + 4789.86) / 8602.65)
=0.015591 / 0.003663
=4.2563

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
=11341.7 / 9151.61
=1.2393

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))
=(140.56 / (140.56 + 4789.86)) / (157.78 / (157.78 + 8330.95))
=0.028509 / 0.018587
=1.5338

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 / 11341.7) / (69.96 / 9151.61)
=0 / 0.007645
=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)
=((3973.86 + 4189.97) / 13367.22) / ((3087.46 + 2871.49) / 8602.65)
=0.610735 / 0.692688
=0.8817

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
=(555.6 - 0 - 0) / 13367.22
=0.041564

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.

Regaal Resources has a M-score of -0.64 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?
Regaal Resources (NSE:REGAAL) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Regaal Resources and its competitors. According to the industry distribution chart, Regaal Resources ranks #999999 out of 1849 companies in the Consumer Packaged Goods industry.
Is Regaal Resources' Beneish M-Score too high?
Regaal Resources' current Beneish M-Score is 0.00. Based on the distribution chart, Regaal Resources ranks #999999 out of 1849 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Regaal Resources has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Regaal Resources' Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Regaal Resources ranks #999999 out of 1849 companies for Beneish M-Score. This places Regaal Resources 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Regaal Resources and its competitors. Regaal Resources'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 Regaal Resources stock overvalued right now?
Regaal Resources (NSE:REGAAL) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Regaal Resources' overall GF Score™ is 12/100 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 Regaal Resources (NSE:REGAAL), the current Beneish M-Score is 0.00 as of Jun. 26, 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.

Regaal Resources Business Description

Other Exchanges 544485:India
Address Block-EP & GP, 6th Floor, D2/2, Sector-V, Kolkata, WB, IND, 700091
Regaal Resources Ltd is one of the manufacturers of maize-based specialty products in India, with a total installed crushing capacity of 750 tonnes per day. The company manufactures: (i) Native maize starch and modified starch - a plant-based natural starch that is produced from maize; (ii) Co-products - includes gluten, germ, enriched fiber, and fiber; and (iii) Value-added products - food grade starches such as maize flour, icing sugar, custard powder, and baking powder. It caters to domestic and international customers across diverse industries, including food products, paper, animal feed, and adhesives. The Company has identified one reportable segment, namely Manufacturing of Starch and its derivatives.
12GF 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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