Rockingdeals Circular Economy (NSE:ROCKINGDCE) Beneish M-Score: -2.56 (As of Jun. 27, 2026)


NSE:ROCKINGDCE Rockingdeals Circular Economy Ltd NSE:ROCKINGDCE
18 GF Score
Price ₹187.90
! 3 Warning Signs
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What is Rockingdeals Circular Economy Beneish M-Score?

Rockingdeals Circular Economy NSE:ROCKINGDCE +7.37% 18 Beneish M-Score is -2.56 as of Jun. 27, 2026. GuruFocus rates NSE:ROCKINGDCE with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 1,087 Retail - Cyclical companies, Rockingdeals Circular Economy ranks worse than 51.15% 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 -2.56 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

NSE:ROCKINGDCE' s Beneish M-Score Range Over the Past 10 Years
Min: -2.61   Med: -2.56   Max: 2.11
Current: -2.56

During the past 5 years, the highest Beneish M-Score of Rockingdeals Circular Economy was 2.11. The lowest was -2.61. And the median was -2.56.

Rockingdeals Circular Economy Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Rockingdeals Circular Economy'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.

Rockingdeals Circular Economy Beneish M-Score Chart

Rockingdeals Circular Economy Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score
0.00 0.00 -2.61 2.11 -2.56

Rockingdeals Circular Economy Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score 0.00 0.00 -2.61 2.11 -2.56

NSE:ROCKINGDCE vs DDS, M: Beneish M-Score Comparison

For the Department Stores subindustry, Rockingdeals Circular Economy'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.

Rockingdeals Circular Economy Beneish M-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Rockingdeals Circular Economy's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Rockingdeals Circular Economy's Beneish M-Score falls into.


NSE:ROCKINGDCE
18GF Score
Rockingdeals Circular Economy Ltd NSE:ROCKINGDCE
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Rockingdeals Circular Economy 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 Rockingdeals Circular Economy 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 * 1.3959+0.528 * 0.6449+0.404 * 1.7559+0.892 * 1.1164+0.115 * 0.2817
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 3.6664+4.679 * 0.043411-0.327 * 1.9951
=-2.56

* 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 ₹91.7 Mil.
Revenue was ₹553.3 Mil.
Gross Profit was ₹178.2 Mil.
Total Current Assets was ₹387.7 Mil.
Total Assets was ₹539.5 Mil.
Property, Plant and Equipment(Net PPE) was ₹129.2 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹25.5 Mil.
Selling, General, & Admin. Expense(SGA) was ₹14.9 Mil.
Total Current Liabilities was ₹134.1 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.4 Mil.
Net Income was ₹53.4 Mil.
Gross Profit was ₹0.0 Mil.
Cash Flow from Operations was ₹30.0 Mil.
 Total Receivables was ₹58.9 Mil.
Revenue was ₹495.6 Mil.
Gross Profit was ₹102.9 Mil.
Total Current Assets was ₹337.1 Mil.
Total Assets was ₹401.4 Mil.
Property, Plant and Equipment(Net PPE) was ₹54.7 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹2.7 Mil.
Selling, General, & Admin. Expense(SGA) was ₹3.6 Mil.
Total Current Liabilities was ₹49.5 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.6 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)
=(91.744 / 553.311) / (58.87 / 495.612)
=0.165809 / 0.118782
=1.3959

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)
=(102.92 / 495.612) / (178.178 / 553.311)
=0.207662 / 0.322021
=0.6449

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 - (387.679 + 129.168) / 539.523) / (1 - (337.106 + 54.654) / 401.367)
=0.04203 / 0.023936
=1.7559

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
=553.311 / 495.612
=1.1164

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))
=(2.659 / (2.659 + 54.654)) / (25.462 / (25.462 + 129.168))
=0.046394 / 0.164664
=0.2817

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)
=(14.85 / 553.311) / (3.628 / 495.612)
=0.026838 / 0.00732
=3.6664

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)
=((0.361 + 134.126) / 539.523) / ((0.607 + 49.541) / 401.367)
=0.24927 / 0.124943
=1.9951

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
=(53.377 - 0 - 29.956) / 539.523
=0.043411

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.

Rockingdeals Circular Economy has a M-score of -2.56 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 -2.56 mean?
Rockingdeals Circular Economy (NSE:ROCKINGDCE) has a Beneish M-Score of -2.56 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Rockingdeals Circular Economy and its competitors. According to the industry distribution chart, Rockingdeals Circular Economy ranks #556 out of 1087 companies in the Retail - Cyclical industry, placing it in the top 51.1%.
Is Rockingdeals Circular Economy's Beneish M-Score too high?
Rockingdeals Circular Economy's current Beneish M-Score is -2.56. Based on the distribution chart, Rockingdeals Circular Economy ranks #556 out of 1087 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Rockingdeals Circular Economy has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Rockingdeals Circular Economy's Beneish M-Score compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Rockingdeals Circular Economy ranks #556 out of 1087 companies for Beneish M-Score. This places Rockingdeals Circular Economy 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 Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 Rockingdeals Circular Economy and its competitors. Rockingdeals Circular Economy's current Beneish M-Score is -2.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rockingdeals Circular Economy stock overvalued right now?
Rockingdeals Circular Economy (NSE:ROCKINGDCE) has a current Beneish M-Score of -2.56. The current Beneish M-Score is -2.56. Rockingdeals Circular Economy's 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 Rockingdeals Circular Economy (NSE:ROCKINGDCE), the current Beneish M-Score is -2.56 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.

Rockingdeals Circular Economy Business Description

Other Exchanges ROCKPP:India
Address Mile Stone, 12/3, NH 44, Mathura Road, Sector 37, Near Sarai Metro Station, Faridabad, HR, IND, 121003
Rockingdeals Circular Economy Ltd is engaged in bulk trading of excess inventory, open-boxed inventory, re-commerce products and refurbished products. These products range in several categories such as small home appliances, apparel, kitchenware and household, speaker & mobile accessories, large appliances, footwear, etc. These products are generally of various brands such as Samsung, Thomson, MI, LG, symphony, ZARA, Nike, Reebok, Campus, Sony, JBL, Boat, Gizmore, One Plus etc.
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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