Simca Advertising (NSE:SIMCA) Beneish M-Score: 0.00 (As of Jun. 25, 2026)


NSE:SIMCA Simca Advertising Ltd NSE:SIMCA
18 GF Score
Price ₹167.10
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What is Simca Advertising Beneish M-Score?

Simca Advertising NSE:SIMCA +1.67% 18 Beneish M-Score is 0.00 as of Jun. 25, 2026. GuruFocus rates NSE:SIMCA with a GF Score™ of 18/100. Among 989 Media - Diversified companies, Simca Advertising ranks worse than 101112.13% 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 Simca Advertising's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of Simca Advertising was 0.00. The lowest was 0.00. And the median was 0.00.

Simca Advertising Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Simca Advertising'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.

Simca Advertising Beneish M-Score Chart

Simca Advertising Annual Data
Trend Mar23 Mar24 Mar25
Beneish M-Score
0.00 0.00 0.00

Simca Advertising Semi-Annual Data
Mar23 Mar24 Mar25
Beneish M-Score 0.00 0.00 0.00

NSE:SIMCA vs APP, OMC, TTD: Beneish M-Score Comparison

For the Advertising Agencies subindustry, Simca Advertising'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.

Simca Advertising Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Simca Advertising's Beneish M-Score distribution charts can be found below:

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


NSE:SIMCA
18GF Score
Simca Advertising Ltd NSE:SIMCA
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Simca Advertising 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 Simca Advertising 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 * 0.8888+0.528 * 0.7829+0.404 * 0.8682+0.892 * 1.52+0.115 * 1.2262
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.7034+4.679 * 0.181793-0.327 * 0.8392
=-1.48

* 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 ₹212.3 Mil.
Revenue was ₹749.4 Mil.
Gross Profit was ₹215.9 Mil.
Total Current Assets was ₹360.4 Mil.
Total Assets was ₹366.7 Mil.
Property, Plant and Equipment(Net PPE) was ₹6.2 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹1.3 Mil.
Selling, General, & Admin. Expense(SGA) was ₹11.3 Mil.
Total Current Liabilities was ₹191.7 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.9 Mil.
Net Income was ₹99.8 Mil.
Gross Profit was ₹0.0 Mil.
Cash Flow from Operations was ₹33.1 Mil.
 Total Receivables was ₹157.1 Mil.
Revenue was ₹493.1 Mil.
Gross Profit was ₹111.2 Mil.
Total Current Assets was ₹197.8 Mil.
Total Assets was ₹198.0 Mil.
Property, Plant and Equipment(Net PPE) was ₹0.1 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.0 Mil.
Selling, General, & Admin. Expense(SGA) was ₹4.3 Mil.
Total Current Liabilities was ₹123.9 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.0 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)
=(212.307 / 749.446) / (157.14 / 493.05)
=0.283285 / 0.31871
=0.8888

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)
=(111.206 / 493.05) / (215.92 / 749.446)
=0.225547 / 0.288106
=0.7829

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 - (360.361 + 6.244) / 366.687) / (1 - (197.817 + 0.133) / 198.001)
=0.000224 / 0.000258
=0.8682

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
=749.446 / 493.05
=1.52

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))
=(0.035 / (0.035 + 0.133)) / (1.278 / (1.278 + 6.244))
=0.208333 / 0.169902
=1.2262

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)
=(11.256 / 749.446) / (4.347 / 493.05)
=0.015019 / 0.008817
=1.7034

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)
=((0.873 + 191.687) / 366.687) / ((0 + 123.9) / 198.001)
=0.525135 / 0.625754
=0.8392

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
=(99.752 - 0 - 33.091) / 366.687
=0.181793

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.

Simca Advertising has a M-score of -1.48 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?
Simca Advertising (NSE:SIMCA) has a Beneish M-Score of 0.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Simca Advertising and its competitors. According to the industry distribution chart, Simca Advertising ranks #999999 out of 989 companies in the Media - Diversified industry.
Is Simca Advertising's Beneish M-Score too high?
Simca Advertising's current Beneish M-Score is 0.00. Based on the distribution chart, Simca Advertising ranks #999999 out of 989 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Simca Advertising has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Simca Advertising's Beneish M-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Simca Advertising ranks #999999 out of 989 companies for Beneish M-Score. This places Simca Advertising 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Simca Advertising and its competitors. Simca Advertising'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 Simca Advertising stock overvalued right now?
Simca Advertising (NSE:SIMCA) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Simca Advertising's overall GF Score™ is 18/100. 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 Simca Advertising (NSE:SIMCA), the current Beneish M-Score is 0.00 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.

Simca Advertising Business Description

Address Roshanlal Nagar, 3rd Cross Lane, Bungalow No C-6, Swami Samarth Nagar, Opposite High point Hotel, Lokhandwala Market, Andheri - West, Mumbai, MH, IND, 400 053
Simca Advertising Ltd provides 360-degree marketing solutions, offering a diverse range of services that extend beyond outdoor advertising. Its services include ATL (Above The Line Advertising) which includes outdoor advertising, radio advertising, television advertising, cinema advertising, print advertising; BTL (Below The Line Advertising) which includes Digital Marketing & Social Media, Retail & On-Ground Activations, and Event sponsorship and Campaign.
18GF Score

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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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