Sambhv Steel Tubes (NSE:SAMBHV) Beneish M-Score: 0.00 (As of Jun. 27, 2026)


NSE:SAMBHV Sambhv Steel Tubes Ltd NSE:SAMBHV
17 GF Score
Price ₹110.69
! 2 Warning Signs
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What is Sambhv Steel Tubes Beneish M-Score?

Sambhv Steel Tubes NSE:SAMBHV -1.88% 17 Beneish M-Score is 0.00 as of Jun. 27, 2026. GuruFocus rates NSE:SAMBHV with a GF Score™ of 17/100. The stock has 2 warning signs investors should review. Among 592 Steel companies, Sambhv Steel Tubes ranks worse than 168918.75% 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 Sambhv Steel Tubes's Beneish M-Score or its related term are showing as below:

During the past 5 years, the highest Beneish M-Score of Sambhv Steel Tubes was -1.28. The lowest was -1.48. And the median was -1.38.

Sambhv Steel Tubes Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Sambhv Steel Tubes'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.

Sambhv Steel Tubes Beneish M-Score Chart

Sambhv Steel Tubes Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -1.48 -1.28 0.00

Sambhv Steel Tubes Quarterly Data
Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 -1.28 0.00 0.00 0.00

NSE:SAMBHV vs NUE, STLD, RS: Beneish M-Score Comparison

For the Steel subindustry, Sambhv Steel Tubes'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.

Sambhv Steel Tubes Beneish M-Score vs Steel Industry

For the Steel industry and Basic Materials sector, Sambhv Steel Tubes's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Sambhv Steel Tubes's Beneish M-Score falls into.


NSE:SAMBHV
17GF Score
Sambhv Steel Tubes Ltd NSE:SAMBHV
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Sambhv Steel Tubes 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 Sambhv Steel Tubes 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 ₹2,244 Mil.
Revenue was ₹24,132 Mil.
Gross Profit was ₹6,913 Mil.
Total Current Assets was ₹9,641 Mil.
Total Assets was ₹20,657 Mil.
Property, Plant and Equipment(Net PPE) was ₹9,228 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹484 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹7,419 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2,277 Mil.
Net Income was ₹1,422 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹2,115 Mil.
 Total Receivables was ₹0 Mil.
Revenue was ₹15,114 Mil.
Gross Profit was ₹4,469 Mil.
Total Current Assets was ₹0 Mil.
Total Assets was ₹0 Mil.
Property, Plant and Equipment(Net PPE) was ₹0 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹344 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹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)
=(2243.57 / 24132.43) / (0 / 15113.55)
=0.092969 / 0
=

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)
=(4468.86 / 15113.55) / (6913.28 / 24132.43)
=0.295686 / 0.286473
=

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 - (9640.62 + 9227.76) / 20657.05) / (1 - (0 + 0) / 0)
=0.086589 /
=

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
=24132.43 / 15113.55
=

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))
=(343.54 / (343.54 + 0)) / (483.92 / (483.92 + 9227.76))
=1 / 0.049829
=

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 / 24132.43) / (0 / 15113.55)
=0 / 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)
=((2276.51 + 7418.99) / 20657.05) / ((0 + 0) / 0)
=0.469355 /
=

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
=(1421.51 - 0 - 2115.26) / 20657.05
=-0.033584

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Sambhv Steel Tubes (NSE:SAMBHV) has a Beneish M-Score of 0.00 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sambhv Steel Tubes and its competitors. According to the industry distribution chart, Sambhv Steel Tubes ranks #999999 out of 592 companies in the Steel industry.
Is Sambhv Steel Tubes' Beneish M-Score too high?
Sambhv Steel Tubes' current Beneish M-Score is 0.00. Based on the distribution chart, Sambhv Steel Tubes ranks #999999 out of 592 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Sambhv Steel Tubes has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Sambhv Steel Tubes' Beneish M-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Sambhv Steel Tubes ranks #999999 out of 592 companies for Beneish M-Score. This places Sambhv Steel Tubes 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 Steel company?
A good Beneish M-Score depends on the Steel 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 Sambhv Steel Tubes and its competitors. Sambhv Steel Tubes'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 Sambhv Steel Tubes stock overvalued right now?
Sambhv Steel Tubes (NSE:SAMBHV) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Sambhv Steel Tubes' overall GF Score™ is 17/100 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 Sambhv Steel Tubes (NSE:SAMBHV), the current Beneish M-Score is 0.00 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.

Sambhv Steel Tubes Business Description

Other Exchanges 544430:India
Address Office No. 501 to 511, Harshit Corporate, Amanaka, Raipur, CT, IND, 492 001
Sambhv Steel Tubes Ltd manufactures electric resistance welded steel pipes and structural tubes (hollow section) in India. The company's backward integration processes allow it to manufacture a range of finished products including ERW black pipes and tubes (hollow section), pre-galvanized pipes, Cold Rolled Full Hard Pipes, and galvanized iron pipes and steel door frames, using intermediate products such as sponge iron, blooms/slabs and hot rolled coil, cold rolled coil (mild steel) and GP coils. Its products are used in wide applications across multiple sectors, including housing and infrastructure, water transportation, agriculture, automobile, telecommunications, oil and gas, engineering, solar energy, fire-fighting systems, and for support structures of conveyors.
17GF Score

Get the complete analysis for NSE:SAMBHV

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹110.69
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