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 Sagardeep Alloys's Beneish M-Score or its related term are showing as below:
NSE:SAGARDEEP'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.3 Med: -2.38 Max: -1.36
Current: -2.56
During the past 12 years, the highest Beneish M-Score of Sagardeep Alloys was -1.36. The lowest was -4.30. And the median was -2.38.
Sagardeep Alloys Beneish M-Score Related Terms
Sagardeep Alloys Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Sagardeep Alloys'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.
NSE:SAGARDEEP vs SCCO, FCX: Beneish M-Score Comparison
For the Copper subindustry, Sagardeep Alloys'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.
Sagardeep Alloys Beneish M-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Sagardeep Alloys's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Sagardeep Alloys's Beneish M-Score falls into.
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 Sagardeep Alloys 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 * 0.7974
+
0.528 * 0.9792
+
0.404 * 1.2641
+
0.892 * 1.2538
+
0.115 * 0.9615
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.3806
+
4.679 * -0.049621
-
0.327 * 0.7248
=
-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.
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.
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))
=
(6.195 / (6.195 + 175.949))
/
(6.476 / (6.476 + 176.593))
=
0.034012
/
0.035375
=
0.9615
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
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
=
(19.236 - 0
-
39.083)
/
399.975
=
-0.049621
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.
Sagardeep Alloys has a M-score of -2.56 suggests that the company is unlikely to be a manipulator.
Sagardeep Alloys (NSE:SAGARDEEP) 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 Sagardeep Alloys and its competitors. According to the industry distribution chart, Sagardeep Alloys ranks #249 out of 685 companies in the Metals & Mining industry, placing it in the top 36.4%.
Is Sagardeep Alloys' Beneish M-Score too high?
Sagardeep Alloys' current Beneish M-Score is -2.56. Based on the distribution chart, Sagardeep Alloys ranks #249 out of 685 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Sagardeep Alloys has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sagardeep Alloys' Beneish M-Score compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Sagardeep Alloys ranks #249 out of 685 companies for Beneish M-Score. This puts Sagardeep Alloys in the upper 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 Metals & Mining company?
A good Beneish M-Score depends on the Metals & Mining 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 Sagardeep Alloys and its competitors. Sagardeep Alloys'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 Sagardeep Alloys stock overvalued right now?
Based on GuruFocus' analysis, Sagardeep Alloys (NSE:SAGARDEEP) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹42.82, compared to a current price of ₹24.94 — trading 41.8% below its estimated fair value. The current Beneish M-Score is -2.56. Sagardeep Alloys' overall GF Score™ is 67/100 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 Sagardeep Alloys (NSE:SAGARDEEP), 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.
Is Sagardeep Alloys (NSE:SAGARDEEP) Overvalued in 2026?
Based on GuruFocus' analysis, Sagardeep Alloys stock appears to be undervalued.
The current stock price of ₹24.94 is trading 41.8% below its estimated GF Value™ of ₹42.82.
GuruFocus considers Sagardeep Alloys to be Significantly Undervalued.
Key valuation signals for NSE:SAGARDEEP:
Beneish M-Score: -2.56
GF Value™: ₹42.82 vs. price of ₹24.94 (41.8% below fair value)
No single metric tells the full story. See the NSE:SAGARDEEP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sagardeep Alloys Ltd is engaged in the business of Copper Items & Chemicals and Trading in Ferrous and Non-ferrous metals. It is also a wholesaler of metal and metal ores. It is engaged in the manufacturing and trading of copper alloys consumables, Copper pipes and tubes, Copper flats, Copper coils, Copper rods, Copper anodes, Copper nuggets and Copper plates and also trades in Stainless Steel sheets / coils, rods. It also produces various types of Copper and Copper Alloy products like sheet, pipe, tube, section, bus bar, etc.
67GF Score
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