Studio LSD (NSE:STUDIOLSD) Beneish M-Score: -0.32 (As of Jun. 27, 2026)


NSE:STUDIOLSD Studio LSD Ltd NSE:STUDIOLSD
19 GF Score
Price ₹9.50
! 4 Warning Signs
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What is Studio LSD Beneish M-Score?

Studio LSD NSE:STUDIOLSD +1.60% 19 Beneish M-Score is -0.32 as of Jun. 27, 2026. GuruFocus rates NSE:STUDIOLSD with a GF Score™ of 19/100. The stock has 4 warning signs investors should review. Among 989 Media - Diversified companies, Studio LSD ranks worse than 92.62% 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 -0.32 higher than -1.78, which implies that the company might have manipulated its financial results.

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

NSE:STUDIOLSD' s Beneish M-Score Range Over the Past 10 Years
Min: -2.07   Med: -0.87   Max: -0.32
Current: -0.32

During the past 5 years, the highest Beneish M-Score of Studio LSD was -0.32. The lowest was -2.07. And the median was -0.87.

Studio LSD Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Studio LSD'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.

Studio LSD Beneish M-Score Chart

Studio LSD Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -0.87 -2.07 -0.32

Studio LSD Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial -0.87 0.00 -2.07 0.00 -0.32

NSE:STUDIOLSD vs NFLX, DIS, WBD: Beneish M-Score Comparison

For the Entertainment subindustry, Studio LSD'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.

Studio LSD Beneish M-Score vs Media - Diversified Industry

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

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


NSE:STUDIOLSD
19GF Score
Studio LSD Ltd NSE:STUDIOLSD
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Studio LSD 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 Studio LSD 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 * 2.053+0.528 * 1.4165+0.404 * 0.6039+0.892 * 0.6902+0.115 * 0.6706
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.228162-0.327 * 0.3611
=-0.32

* 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 ₹285.3 Mil.
Revenue was ₹721.1 Mil.
Gross Profit was ₹194.7 Mil.
Total Current Assets was ₹800.1 Mil.
Total Assets was ₹931.5 Mil.
Property, Plant and Equipment(Net PPE) was ₹4.5 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹4.5 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.0 Mil.
Total Current Liabilities was ₹137.0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.
Net Income was ₹-10.0 Mil.
Gross Profit was ₹0.0 Mil.
Cash Flow from Operations was ₹-222.5 Mil.
 Total Receivables was ₹201.3 Mil.
Revenue was ₹1,044.8 Mil.
Gross Profit was ₹399.5 Mil.
Total Current Assets was ₹356.0 Mil.
Total Assets was ₹466.7 Mil.
Property, Plant and Equipment(Net PPE) was ₹5.3 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹2.7 Mil.
Selling, General, & Admin. Expense(SGA) was ₹2.8 Mil.
Total Current Liabilities was ₹190.0 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)
=(285.295 / 721.131) / (201.335 / 1044.781)
=0.395622 / 0.192705
=2.053

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)
=(399.523 / 1044.781) / (194.678 / 721.131)
=0.382399 / 0.269962
=1.4165

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 - (800.063 + 4.463) / 931.546) / (1 - (356.017 + 5.295) / 466.689)
=0.136354 / 0.225797
=0.6039

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
=721.131 / 1044.781
=0.6902

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))
=(2.67 / (2.67 + 5.295)) / (4.461 / (4.461 + 4.463))
=0.335217 / 0.499888
=0.6706

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)
=(0 / 721.131) / (2.833 / 1044.781)
=0 / 0.002712
=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)
=((0 + 136.962) / 931.546) / ((0 + 190.018) / 466.689)
=0.147027 / 0.407162
=0.3611

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
=(-10.002 - 0 - -222.545) / 931.546
=0.228162

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.

Studio LSD has a M-score of -0.32 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 -0.32 mean?
Studio LSD (NSE:STUDIOLSD) has a Beneish M-Score of -0.32 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Studio LSD and its competitors. According to the industry distribution chart, Studio LSD ranks #916 out of 989 companies in the Media - Diversified industry, placing it in the top 92.6%.
Is Studio LSD's Beneish M-Score too high?
Studio LSD's current Beneish M-Score is -0.32. Based on the distribution chart, Studio LSD ranks #916 out of 989 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Studio LSD has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Studio LSD's Beneish M-Score compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Studio LSD ranks #916 out of 989 companies for Beneish M-Score. This places Studio LSD 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 Studio LSD and its competitors. Studio LSD's current Beneish M-Score is -0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Studio LSD stock overvalued right now?
Studio LSD (NSE:STUDIOLSD) has a current Beneish M-Score of -0.32. The current Beneish M-Score is -0.32. Studio LSD's overall GF Score™ is 19/100 with 4 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 Studio LSD (NSE:STUDIOLSD), the current Beneish M-Score is -0.32 as of Jun. 27, 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.

Studio LSD Business Description

Address New Link Road, Unit No.302,301, 3rd Floor, Laxmi Mall, Laxmi Industrial Estate, Andheri West, Mumbai, MH, IND, 400053
Studio LSD Ltd is a multimedia production house specializing in original and captivating stories, partnering with artists from the film and televisions industry. It is involved in every aspect of the content-making process, from idea to distribution and financing the projects, hiring actors and crew members, scouting locations, creating sets, managing the budgets, and overseeing the entire production and post-production process. The company is a production house specialised in creating compelling television content across various genres.
19GF 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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