Studds Accessories (NSE:STUDDS) Beneish M-Score: 0.00 (As of Jul. 05, 2026)


NSE:STUDDS Studds Accessories Ltd NSE:STUDDS
30 GF Score
Price ₹467.15
! 1 Warning Sign
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What is Studds Accessories Beneish M-Score?

Studds Accessories NSE:STUDDS -0.66% 30 Beneish M-Score is 0.00 as of Jul. 05, 2026. GuruFocus rates NSE:STUDDS with a GF Score™ of 30/100. The stock has 1 warning sign investors should review. Among 1,278 Vehicles & Parts companies, Studds Accessories ranks worse than 78247.18% 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 Studds Accessories's Beneish M-Score or its related term are showing as below:

During the past 5 years, the highest Beneish M-Score of Studds Accessories was 0.00. The lowest was 0.00. And the median was 0.00.

Studds Accessories Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Studds Accessories'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.

Studds Accessories Beneish M-Score Chart

Studds Accessories Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 0.00 0.00 0.00

Studds Accessories Quarterly Data
Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Jun25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.00

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

For the Auto Parts subindustry, Studds Accessories'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.

Studds Accessories Beneish M-Score vs Vehicles & Parts Industry

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

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


NSE:STUDDS
30GF Score
Studds Accessories Ltd NSE:STUDDS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Studds Accessories 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 Studds Accessories 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Dec24) TTM:
Total Receivables was ₹419 Mil.
Revenue was 1675.42 + 1630.34 + 1491.82 + 1497.51 = ₹6,295 Mil.
Gross Profit was 997.94 + 1001.1 + 851.07 + 870.36 = ₹3,720 Mil.
Total Current Assets was ₹2,179 Mil.
Total Assets was ₹6,376 Mil.
Property, Plant and Equipment(Net PPE) was ₹3,834 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹159 Mil.
Selling, General, & Admin. Expense(SGA) was ₹132 Mil.
Total Current Liabilities was ₹808 Mil.
Long-Term Debt & Capital Lease Obligation was ₹63 Mil.
Net Income was 210.99 + 207.23 + 202.46 + 198.9 = ₹820 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₹0 Mil.
Cash Flow from Operations was 0 + 0 + 239.45 + 0 = ₹239 Mil.
 Total Receivables was ₹0 Mil.
Revenue was 1490 + 0 + 0 + 0 = ₹1,490 Mil.
Gross Profit was 846.78 + 0 + 0 + 0 = ₹847 Mil.
Total Current Assets was ₹0 Mil.
Total Assets was ₹0 Mil.
Property, Plant and Equipment(Net PPE) was ₹0 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹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)
=(418.85 / 6295.09) / (0 / 1490)
=0.066536 / 0
=

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)
=(846.78 / 1490) / (3720.47 / 6295.09)
=0.568309 / 0.591011
=

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 - (2179.41 + 3833.97) / 6376.01) / (1 - (0 + 0) / 0)
=0.056874 /
=

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
=6295.09 / 1490
=

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 / (0 + 0)) / (159.19 / (159.19 + 3833.97))
= / 0.039866
=

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)
=(131.99 / 6295.09) / (0 / 1490)
=0.020967 / 0
=

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)
=((62.52 + 807.83) / 6376.01) / ((0 + 0) / 0)
=0.136504 /
=

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
=(819.58 - 0 - 239.45) / 6376.01
=0.090986

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Studds Accessories (NSE:STUDDS) has a Beneish M-Score of 0.00 as of Jul. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Studds Accessories and its competitors. According to the industry distribution chart, Studds Accessories ranks #999999 out of 1278 companies in the Vehicles & Parts industry.
Is Studds Accessories' Beneish M-Score too high?
Studds Accessories' current Beneish M-Score is 0.00. Based on the distribution chart, Studds Accessories ranks #999999 out of 1278 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Studds Accessories has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Studds Accessories' Beneish M-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Studds Accessories ranks #999999 out of 1278 companies for Beneish M-Score. This places Studds Accessories 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 Studds Accessories and its competitors. Studds Accessories'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 Studds Accessories stock overvalued right now?
Studds Accessories (NSE:STUDDS) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Studds Accessories' overall GF Score™ is 30/100 with 1 warning sign 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 Studds Accessories (NSE:STUDDS), the current Beneish M-Score is 0.00 as of Jul. 05, 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.

Studds Accessories Business Description

Other Exchanges 544599:India
Address Plot No. 918, Sector 68, IMT, Faridabad, HR, IND, 121 004
Studds Accessories Ltd is engaged in the manufacturing and sale of helmets and two-wheeler accessories. It markets helmets under the Studds and SMK brands, while accessories such as luggage, gloves, helmet locks, rain suits, riding jackets, and eyewear are marketed under the Studds brand. Its key export markets include the Americas, Asia, Europe, and the rest of the world. The company generates the majority of its revenue from two-wheeler helmets within India.
30GF 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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