Sellowrap Industries (NSE:SELLOWRAP) Beneish M-Score: -1.23 (As of Jun. 29, 2026)


NSE:SELLOWRAP Sellowrap Industries Ltd NSE:SELLOWRAP
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What is Sellowrap Industries Beneish M-Score?

Sellowrap Industries NSE:SELLOWRAP 12 Beneish M-Score is -1.23 as of Jun. 29, 2026. GuruFocus rates NSE:SELLOWRAP with a GF Score™ of 12/100. The stock has 5 warning signs investors should review. Among 1,274 Vehicles & Parts companies, Sellowrap Industries ranks worse than 94.43% 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.

Warning Sign:

Beneish M-Score -1.23 higher than -1.78, which implies that the company might have manipulated its financial results.

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

NSE:SELLOWRAP' s Beneish M-Score Range Over the Past 10 Years
Min: -2.79   Med: -2.68   Max: -1.23
Current: -1.23

During the past 5 years, the highest Beneish M-Score of Sellowrap Industries was -1.23. The lowest was -2.79. And the median was -2.68.

Sellowrap Industries Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Sellowrap Industries'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.

Sellowrap Industries Beneish M-Score Chart

Sellowrap Industries Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -2.79 -2.68 -1.23

Sellowrap Industries Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Mar26
Beneish M-Score Get a 7-Day Free Trial 0.00 -2.79 0.00 -2.68 -1.23

NSE:SELLOWRAP vs ORLY, AZO: Beneish M-Score Comparison

For the Auto Parts subindustry, Sellowrap Industries'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.

Sellowrap Industries Beneish M-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sellowrap Industries's Beneish M-Score distribution charts can be found below:

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


NSE:SELLOWRAP
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Sellowrap Industries Ltd NSE:SELLOWRAP
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Sellowrap Industries 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 Sellowrap Industries 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 * 1.3236+0.528 * 1.011+0.404 * 1.3275+0.892 * 1.2362+0.115 * 0.6134
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9674+4.679 * 0.124969-0.327 * 0.8143
=-1.23

* 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 ₹554 Mil.
Revenue was ₹2,008 Mil.
Gross Profit was ₹897 Mil.
Total Current Assets was ₹981 Mil.
Total Assets was ₹1,841 Mil.
Property, Plant and Equipment(Net PPE) was ₹490 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹102 Mil.
Selling, General, & Admin. Expense(SGA) was ₹196 Mil.
Total Current Liabilities was ₹691 Mil.
Long-Term Debt & Capital Lease Obligation was ₹231 Mil.
Net Income was ₹89 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-141 Mil.
 Total Receivables was ₹338 Mil.
Revenue was ₹1,625 Mil.
Gross Profit was ₹734 Mil.
Total Current Assets was ₹680 Mil.
Total Assets was ₹1,430 Mil.
Property, Plant and Equipment(Net PPE) was ₹534 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹63 Mil.
Selling, General, & Admin. Expense(SGA) was ₹164 Mil.
Total Current Liabilities was ₹733 Mil.
Long-Term Debt & Capital Lease Obligation was ₹147 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)
=(553.719 / 2008.165) / (338.429 / 1624.501)
=0.275734 / 0.208328
=1.3236

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)
=(733.553 / 1624.501) / (896.962 / 2008.165)
=0.451556 / 0.446658
=1.011

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 - (981.173 + 490.115) / 1841.14) / (1 - (680.272 + 533.517) / 1430.217)
=0.200882 / 0.151325
=1.3275

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
=2008.165 / 1624.501
=1.2362

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))
=(63.026 / (63.026 + 533.517)) / (101.979 / (101.979 + 490.115))
=0.105652 / 0.172234
=0.6134

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)
=(195.913 / 2008.165) / (163.818 / 1624.501)
=0.097558 / 0.100842
=0.9674

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)
=((230.571 + 691.07) / 1841.14) / ((146.682 + 732.555) / 1430.217)
=0.500582 / 0.614758
=0.8143

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
=(89.153 - 0 - -140.932) / 1841.14
=0.124969

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.

Sellowrap Industries has a M-score of -1.23 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 -1.23 mean?
Sellowrap Industries (NSE:SELLOWRAP) has a Beneish M-Score of -1.23 as of Jun. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sellowrap Industries and its competitors. According to the industry distribution chart, Sellowrap Industries ranks #1203 out of 1274 companies in the Vehicles & Parts industry, placing it in the top 94.4%.
Is Sellowrap Industries' Beneish M-Score too high?
Sellowrap Industries' current Beneish M-Score is -1.23. Based on the distribution chart, Sellowrap Industries ranks #1203 out of 1274 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Sellowrap Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Sellowrap Industries' Beneish M-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Sellowrap Industries ranks #1203 out of 1274 companies for Beneish M-Score. This places Sellowrap Industries 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Sellowrap Industries and its competitors. Sellowrap Industries's current Beneish M-Score is -1.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sellowrap Industries stock overvalued right now?
Sellowrap Industries (NSE:SELLOWRAP) has a current Beneish M-Score of -1.23. The current Beneish M-Score is -1.23. Sellowrap Industries' overall GF Score™ is 12/100 with 5 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 Sellowrap Industries (NSE:SELLOWRAP), the current Beneish M-Score is -1.23 as of Jun. 29, 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.

Sellowrap Industries Business Description

Address New Link Road, 208, Plot No C 5, Abhishek Building, Dalia Estate, Andheri West, Mumbai, MH, IND, 400053
Sellowrap Industries Ltd is a manufacturing company, specializing in the production of customized components for the automotive, non-automotive and white goods industries. Operating in the B2B sector, It offers both adhesive and non-adhesive processed components, delivering solutions that emphasize quality, cost-efficiency, and maximum customer value. Its diverse product range includes: Plastic Injection Moulding Parts (Interior & Exterior Parts), PU-Foam-Moulding, Foam / Label & Stickers Products, Screen Sealing Parts, EPP Moulding, and Brought out parts.
12GF Score

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