Silky Overseas (NSE:SILKY) Beneish M-Score: -2.20 (As of Jul. 18, 2026)

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NSE:SILKY Silky Overseas Ltd NSE:SILKY
11 GF Score
Price ₹77.60
! 2 Warning Signs
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What is Silky Overseas Beneish M-Score?

Silky Overseas NSE:SILKY -20.00% 11 Beneish M-Score is -2.20 as of Jul. 18, 2026. GuruFocus rates NSE:SILKY with a GF Score™ of 11/100. The stock has 2 warning signs investors should review. Among 997 Manufacturing - Apparel & Accessories companies, Silky Overseas ranks worse than 70.21% 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 -2.2 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

NSE:SILKY' s Beneish M-Score Range Over the Past 10 Years
Min: -2.2   Med: -2.2   Max: -2.2
Current: -2.2

During the past 3 years, the highest Beneish M-Score of Silky Overseas was -2.20. The lowest was -2.20. And the median was -2.20.

Silky Overseas Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Silky Overseas'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.

Silky Overseas Beneish M-Score Chart

Silky Overseas Annual Data
Trend Mar22 Mar23 Mar24
Beneish M-Score
0.00 0.00 -2.20

Silky Overseas Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Sep25
Beneish M-Score 0.00 0.00 -2.20 0.00 0.00

Silky Overseas Beneish M-Score Competitor Comparison

For the Textile Manufacturing subindustry, Silky Overseas'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.

Silky Overseas Beneish M-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Silky Overseas's Beneish M-Score distribution charts can be found below:

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


NSE:SILKY
11GF Score
Silky Overseas Ltd NSE:SILKY
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Silky Overseas 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 Silky Overseas 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 * 0.8932+0.528 * 0.5957+0.404 * 0.9006+0.892 * 1.0245+0.115 * 1.0055
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8552+4.679 * 0.111251-0.327 * 0.7911
=-2.20

* 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 (Mar24) TTM:Last Year (Mar23) TTM:
Total Receivables was ₹91.7 Mil.
Revenue was ₹693.0 Mil.
Gross Profit was ₹144.8 Mil.
Total Current Assets was ₹369.9 Mil.
Total Assets was ₹506.9 Mil.
Property, Plant and Equipment(Net PPE) was ₹132.9 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹20.9 Mil.
Selling, General, & Admin. Expense(SGA) was ₹14.8 Mil.
Total Current Liabilities was ₹264.2 Mil.
Long-Term Debt & Capital Lease Obligation was ₹88.4 Mil.
Net Income was ₹55.3 Mil.
Gross Profit was ₹0.0 Mil.
Cash Flow from Operations was ₹-1.0 Mil.
 Total Receivables was ₹100.2 Mil.
Revenue was ₹676.4 Mil.
Gross Profit was ₹84.2 Mil.
Total Current Assets was ₹250.5 Mil.
Total Assets was ₹407.0 Mil.
Property, Plant and Equipment(Net PPE) was ₹152.8 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹24.2 Mil.
Selling, General, & Admin. Expense(SGA) was ₹16.9 Mil.
Total Current Liabilities was ₹307.8 Mil.
Long-Term Debt & Capital Lease Obligation was ₹50.1 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)
=(91.696 / 692.977) / (100.205 / 676.387)
=0.132322 / 0.148147
=0.8932

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)
=(84.207 / 676.387) / (144.822 / 692.977)
=0.124495 / 0.208985
=0.5957

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 - (369.86 + 132.853) / 506.873) / (1 - (250.467 + 152.81) / 406.986)
=0.008207 / 0.009113
=0.9006

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
=692.977 / 676.387
=1.0245

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))
=(24.229 / (24.229 + 152.81)) / (20.931 / (20.931 + 132.853))
=0.136857 / 0.136106
=1.0055

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)
=(14.812 / 692.977) / (16.905 / 676.387)
=0.021374 / 0.024993
=0.8552

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)
=((88.36 + 264.243) / 506.873) / ((50.077 + 307.805) / 406.986)
=0.695644 / 0.879347
=0.7911

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
=(55.348 - 0 - -1.042) / 506.873
=0.111251

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.

Silky Overseas has a M-score of -2.20 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 -2.20 mean?
Silky Overseas (NSE:SILKY) has a Beneish M-Score of -2.20 as of Jul. 18, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Silky Overseas and its competitors. According to the industry distribution chart, Silky Overseas ranks #700 out of 997 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 70.2%.
Is Silky Overseas' Beneish M-Score too high?
Silky Overseas' current Beneish M-Score is -2.20. Based on the distribution chart, Silky Overseas ranks #700 out of 997 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Silky Overseas has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Silky Overseas' Beneish M-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Silky Overseas ranks #700 out of 997 companies for Beneish M-Score. This places Silky Overseas 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 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 Silky Overseas and its competitors. Silky Overseas's current Beneish M-Score is -2.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Silky Overseas stock overvalued right now?
Silky Overseas (NSE:SILKY) has a current Beneish M-Score of -2.20. The current Beneish M-Score is -2.20. Silky Overseas' overall GF Score™ is 11/100 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 Silky Overseas (NSE:SILKY), the current Beneish M-Score is -2.20 as of Jul. 18, 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.

Silky Overseas Business Description

Address F-1, Plot No. A-48, Block A, Industrial Area Landmark, 1st Floor, Near Opposite Fire Station, Wazirpur, Wazirpur III, Northwest Delhi, Delhi, IND, 110052
Silky Overseas Ltd is a manufacturer and supplier of bedding products, including blankets, bed sheets, comforters, and related items. Its manufacturing process is integrated and includes knitting, dyeing, processing, printing, and packaging, all conducted within a single facility. The company manufactures products based on the order specifications received from its customers to meet their requirements. Its product range includes blankets, baby blankets, comforters, bedsheets, and curtains.
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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