Sharp Chucks and Machines (NSE:SCML) Beneish M-Score: -2.07 (As of Jun. 25, 2026)


NSE:SCML Sharp Chucks and Machines Ltd NSE:SCML
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What is Sharp Chucks and Machines Beneish M-Score?

Sharp Chucks and Machines NSE:SCML -1.11% 12 Beneish M-Score is -2.07 as of Jun. 25, 2026. GuruFocus rates NSE:SCML with a GF Score™ of 12/100. The stock has 3 warning signs investors should review. Among 2,926 Industrial Products companies, Sharp Chucks and Machines ranks worse than 75.12% 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 -2.07 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Sharp Chucks and Machines's Beneish M-Score or its related term are showing as below:

NSE:SCML' s Beneish M-Score Range Over the Past 10 Years
Min: -2.77   Med: -2.76   Max: -2.07
Current: -2.07

During the past 5 years, the highest Beneish M-Score of Sharp Chucks and Machines was -2.07. The lowest was -2.77. And the median was -2.76.

Sharp Chucks and Machines Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Sharp Chucks and Machines'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.

Sharp Chucks and Machines Beneish M-Score Chart

Sharp Chucks and Machines Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score
0.00 0.00 -2.77 -2.76 -2.07

Sharp Chucks and Machines Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score 0.00 0.00 -2.77 -2.76 -2.07

NSE:SCML vs GEV, ETN, PH: Beneish M-Score Comparison

For the Specialty Industrial Machinery subindustry, Sharp Chucks and Machines'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.

Sharp Chucks and Machines Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sharp Chucks and Machines's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Sharp Chucks and Machines's Beneish M-Score falls into.


NSE:SCML
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Sharp Chucks and Machines Ltd NSE:SCML
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Sharp Chucks and Machines 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 Sharp Chucks and Machines 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 * 0.9101+0.528 * 1.0614+0.404 * 0.8142+0.892 * 1.2175+0.115 * 1.0402
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1926+4.679 * 0.078205-0.327 * 0.973
=-2.07

* 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 ₹367 Mil.
Revenue was ₹2,455 Mil.
Gross Profit was ₹543 Mil.
Total Current Assets was ₹1,589 Mil.
Total Assets was ₹2,515 Mil.
Property, Plant and Equipment(Net PPE) was ₹892 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹70 Mil.
Selling, General, & Admin. Expense(SGA) was ₹40 Mil.
Total Current Liabilities was ₹1,395 Mil.
Long-Term Debt & Capital Lease Obligation was ₹193 Mil.
Net Income was ₹79 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-117 Mil.
 Total Receivables was ₹331 Mil.
Revenue was ₹2,017 Mil.
Gross Profit was ₹474 Mil.
Total Current Assets was ₹1,142 Mil.
Total Assets was ₹1,974 Mil.
Property, Plant and Equipment(Net PPE) was ₹799 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹65 Mil.
Selling, General, & Admin. Expense(SGA) was ₹28 Mil.
Total Current Liabilities was ₹1,066 Mil.
Long-Term Debt & Capital Lease Obligation was ₹215 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)
=(366.588 / 2455.313) / (330.822 / 2016.612)
=0.149304 / 0.164048
=0.9101

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)
=(473.665 / 2016.612) / (543.348 / 2455.313)
=0.234882 / 0.221295
=1.0614

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 - (1588.578 + 891.661) / 2515.362) / (1 - (1141.569 + 798.555) / 1973.977)
=0.013963 / 0.01715
=0.8142

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
=2455.313 / 2016.612
=1.2175

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))
=(65.12 / (65.12 + 798.555)) / (69.683 / (69.683 + 891.661))
=0.075399 / 0.072485
=1.0402

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)
=(40.303 / 2455.313) / (27.756 / 2016.612)
=0.016415 / 0.013764
=1.1926

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)
=((193.481 + 1395.113) / 2515.362) / ((215.391 + 1065.901) / 1973.977)
=0.631557 / 0.649092
=0.973

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
=(79.438 - 0 - -117.276) / 2515.362
=0.078205

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.

Sharp Chucks and Machines has a M-score of -2.07 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 -2.07 mean?
Sharp Chucks and Machines (NSE:SCML) has a Beneish M-Score of -2.07 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sharp Chucks and Machines and its competitors. According to the industry distribution chart, Sharp Chucks and Machines ranks #2198 out of 2926 companies in the Industrial Products industry, placing it in the top 75.1%.
Is Sharp Chucks and Machines' Beneish M-Score too high?
Sharp Chucks and Machines' current Beneish M-Score is -2.07. Based on the distribution chart, Sharp Chucks and Machines ranks #2198 out of 2926 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Sharp Chucks and Machines has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Sharp Chucks and Machines' Beneish M-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Sharp Chucks and Machines ranks #2198 out of 2926 companies for Beneish M-Score. This places Sharp Chucks and Machines 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Sharp Chucks and Machines and its competitors. Sharp Chucks and Machines's current Beneish M-Score is -2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sharp Chucks and Machines stock overvalued right now?
Sharp Chucks and Machines (NSE:SCML) has a current Beneish M-Score of -2.07. The current Beneish M-Score is -2.07. Sharp Chucks and Machines' 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 Sharp Chucks and Machines (NSE:SCML), the current Beneish M-Score is -2.07 as of Jun. 25, 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.

Sharp Chucks and Machines Business Description

Address Industrial Development Colony, A-12, Jalandhar, PB, IND, 144012
Sharp Chucks and Machines Ltd is engaged in manufacturing forging products, casting products, and machined components, which have applications in tractors, automobiles, material handling and earth-moving equipment, railways, defense, machine tools, DIY industry, etc. Its product portfolio comprises back plates, spare studs, drill chucks, spare cam locks, lathe chucks, and power chucks, among others. The company also manufactures customized components as per customer-specific requirements and uses. Geographically, the company derives the majority of its revenue from its business in India, and also has some exposure to markets outside India.
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