Supreme (India) Impex (NSE:SIIL) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


What is Supreme (India) Impex Beneish M-Score?

Supreme (India) Impex NSE:SIIL Beneish M-Score is 0.00 as of Jun. 26, 2026.

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 Supreme (India) Impex's Beneish M-Score or its related term are showing as below:

During the past 5 years, the highest Beneish M-Score of Supreme (India) Impex was 0.00. The lowest was 0.00. And the median was 0.00.

Supreme (India) Impex Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Supreme (India) Impex'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.

Supreme (India) Impex Beneish M-Score Chart

Supreme (India) Impex Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18
Beneish M-Score
0.00 0.00 -2.16 -2.38 0.00

Supreme (India) Impex Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Mar18
Beneish M-Score Get a 7-Day Free Trial 0.00 -2.16 0.00 -2.38 0.00

Supreme (India) Impex Beneish M-Score Competitor Comparison

For the Textile Manufacturing subindustry, Supreme (India) Impex'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.

Supreme (India) Impex Beneish M-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Supreme (India) Impex's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Supreme (India) Impex's Beneish M-Score falls into.


Supreme (India) Impex 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 Supreme (India) Impex 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 * 1.6281+0.528 * 1.4844+0.404 * 0.8456+0.892 * 0.8072+0.115 * 1.0396
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.4119+4.679 * -0.000475-0.327 * 1.0451
=-1.96

* 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 (Mar18) TTM:Last Year (Mar17) TTM:
Total Receivables was ₹3,810 Mil.
Revenue was ₹2,730 Mil.
Gross Profit was ₹198 Mil.
Total Current Assets was ₹4,113 Mil.
Total Assets was ₹4,426 Mil.
Property, Plant and Equipment(Net PPE) was ₹204 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹15 Mil.
Selling, General, & Admin. Expense(SGA) was ₹12 Mil.
Total Current Liabilities was ₹3,562 Mil.
Long-Term Debt & Capital Lease Obligation was ₹56 Mil.
Net Income was ₹-2 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹0 Mil.
 Total Receivables was ₹2,899 Mil.
Revenue was ₹3,382 Mil.
Gross Profit was ₹364 Mil.
Total Current Assets was ₹3,444 Mil.
Total Assets was ₹3,782 Mil.
Property, Plant and Equipment(Net PPE) was ₹228 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹17 Mil.
Selling, General, & Admin. Expense(SGA) was ₹11 Mil.
Total Current Liabilities was ₹2,892 Mil.
Long-Term Debt & Capital Lease Obligation was ₹66 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)
=(3809.683 / 2729.994) / (2898.723 / 3381.857)
=1.395491 / 0.857139
=1.6281

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)
=(363.895 / 3381.857) / (197.888 / 2729.994)
=0.107602 / 0.072487
=1.4844

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 - (4113.299 + 204.245) / 4426.413) / (1 - (3443.978 + 227.745) / 3781.722)
=0.024595 / 0.029087
=0.8456

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
=2729.994 / 3381.857
=0.8072

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))
=(16.884 / (16.884 + 227.745)) / (14.524 / (14.524 + 204.245))
=0.069019 / 0.06639
=1.0396

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)
=(12.118 / 2729.994) / (10.634 / 3381.857)
=0.004439 / 0.003144
=1.4119

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)
=((55.75 + 3562.379) / 4426.413) / ((65.754 + 2891.89) / 3781.722)
=0.817395 / 0.782089
=1.0451

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
=(-2.104 - 0 - 0) / 4426.413
=-0.000475

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.

Supreme (India) Impex has a M-score of -1.96 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 0.00 mean?
Supreme (India) Impex (NSE:SIIL) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Supreme (India) Impex and its competitors.
Is Supreme (India) Impex's Beneish M-Score too high?
Supreme (India) Impex's current Beneish M-Score is 0.00.
How does Supreme (India) Impex's Beneish M-Score compare to competitors?
Supreme (India) Impex's Beneish M-Score of 0.00 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Supreme (India) Impex and its competitors. Supreme (India) Impex'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 Supreme (India) Impex stock overvalued right now?
Supreme (India) Impex (NSE:SIIL) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. 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 Supreme (India) Impex (NSE:SIIL), the current Beneish M-Score is 0.00 as of Jun. 26, 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.

Supreme (India) Impex Business Description

Address Plot No.823/2, Supreme House, Road No.8, GIDC, Sachin, Near Sagar Hotel, Opposite Jai Jinendra Prints Pvt. Ltd, Surat, GJ, IND, 394230
Supreme (India) Impex Ltd is an India-based firm which is engaged in manufacturing, trading, and distribution of fabrics, apparels, garments, dress materials and other related textile products. The company has also ventured into computerized embroidery business on sarees, cotton and other silk cloth. In addition, the company is also engaged in retailing of readymade garments and other textile products through its retail outlets. Its product portfolio comprises of a product like Textiles, Fabrics, Yarns, Garments, and other related clothes and possesses market recognition under the brand name MALKIE. It derives revenue from the Indian market, while it also has a presence in Africa, European countries and various other countries.