Vinsys IT Services India (NSE:VINSYS) Beneish M-Score: -1.17 (As of Jun. 28, 2026)


NSE:VINSYS Vinsys IT Services India Ltd NSE:VINSYS
70 GF Score
Price ₹464.60
GF Value ₹524.64
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Vinsys IT Services India Beneish M-Score?

Vinsys IT Services India NSE:VINSYS +1.62% 70 Beneish M-Score is -1.17 as of Jun. 28, 2026. GuruFocus rates NSE:VINSYS with a GF Score™ of 70/100 and a GF Value™ of ₹524.64 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 241 Education companies, Vinsys IT Services India ranks worse than 91.7% 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 -1.17 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Vinsys IT Services India's Beneish M-Score or its related term are showing as below:

NSE:VINSYS' s Beneish M-Score Range Over the Past 10 Years
Min: -1.76   Med: -1.47   Max: -0.16
Current: -1.17

During the past 6 years, the highest Beneish M-Score of Vinsys IT Services India was -0.16. The lowest was -1.76. And the median was -1.47.

Vinsys IT Services India Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Vinsys IT Services India'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.

Vinsys IT Services India Beneish M-Score Chart

Vinsys IT Services India Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial 0.00 -1.76 -0.16 -1.76 -1.17

Vinsys IT Services India Semi-Annual Data
Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Mar25 Mar26
Beneish M-Score Get a 7-Day Free Trial -1.76 0.00 -0.16 -1.76 -1.17

NSE:VINSYS vs EDU, TAL, GHC: Beneish M-Score Comparison

For the Education & Training Services subindustry, Vinsys IT Services India'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.

Vinsys IT Services India Beneish M-Score vs Education Industry

For the Education industry and Consumer Defensive sector, Vinsys IT Services India's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Vinsys IT Services India's Beneish M-Score falls into.


NSE:VINSYS
70GF Score
Vinsys IT Services India Ltd NSE:VINSYS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vinsys IT Services India 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 Vinsys IT Services India 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 * 0.8923+0.528 * 1.0148+0.404 * 0.3509+0.892 * 1.2678+0.115 * 6.1451
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.157517-0.327 * 1.2296
=-1.17

* 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 ₹1,020 Mil.
Revenue was ₹2,684 Mil.
Gross Profit was ₹671 Mil.
Total Current Assets was ₹1,673 Mil.
Total Assets was ₹2,430 Mil.
Property, Plant and Equipment(Net PPE) was ₹484 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹54 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹499 Mil.
Long-Term Debt & Capital Lease Obligation was ₹305 Mil.
Net Income was ₹297 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-85 Mil.
 Total Receivables was ₹901 Mil.
Revenue was ₹2,117 Mil.
Gross Profit was ₹537 Mil.
Total Current Assets was ₹1,201 Mil.
Total Assets was ₹1,803 Mil.
Property, Plant and Equipment(Net PPE) was ₹24 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹38 Mil.
Selling, General, & Admin. Expense(SGA) was ₹45 Mil.
Total Current Liabilities was ₹343 Mil.
Long-Term Debt & Capital Lease Obligation was ₹142 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)
=(1019.707 / 2683.699) / (901.361 / 2116.831)
=0.379963 / 0.425807
=0.8923

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)
=(537.137 / 2116.831) / (671.018 / 2683.699)
=0.253746 / 0.250035
=1.0148

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 - (1673.159 + 483.771) / 2430.086) / (1 - (1201.145 + 24.025) / 1802.67)
=0.112406 / 0.320358
=0.3509

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
=2683.699 / 2116.831
=1.2678

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))
=(38.198 / (38.198 + 24.025)) / (53.692 / (53.692 + 483.771))
=0.613889 / 0.099899
=6.1451

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 / 2683.699) / (44.864 / 2116.831)
=0 / 0.021194
=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)
=((304.668 + 499.092) / 2430.086) / ((141.519 + 343.38) / 1802.67)
=0.330754 / 0.268989
=1.2296

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
=(297.432 - 0 - -85.348) / 2430.086
=0.157517

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.

Vinsys IT Services India has a M-score of -1.17 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 -1.17 mean?
Vinsys IT Services India (NSE:VINSYS) has a Beneish M-Score of -1.17 as of Jun. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Vinsys IT Services India and its competitors. According to the industry distribution chart, Vinsys IT Services India ranks #221 out of 241 companies in the Education industry, placing it in the top 91.7%.
Is Vinsys IT Services India's Beneish M-Score too high?
Vinsys IT Services India's current Beneish M-Score is -1.17. Based on the distribution chart, Vinsys IT Services India ranks #221 out of 241 companies in the Education industry, which is in the bottom quartile relative to peers. Overall, Vinsys IT Services India has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vinsys IT Services India's Beneish M-Score compare to EDU and TAL?
According to the Education industry distribution chart, Vinsys IT Services India ranks #221 out of 241 companies for Beneish M-Score. This places Vinsys IT Services India 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 an Education company?
A good Beneish M-Score depends on the Education 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 Vinsys IT Services India and its competitors. Vinsys IT Services India's current Beneish M-Score is -1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vinsys IT Services India stock overvalued right now?
Based on GuruFocus' analysis, Vinsys IT Services India (NSE:VINSYS) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹524.64, compared to a current price of ₹464.60 — trading 11.4% below its estimated fair value. The current Beneish M-Score is -1.17. Vinsys IT Services India's overall GF Score™ is 70/100 with 7 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 Vinsys IT Services India (NSE:VINSYS), the current Beneish M-Score is -1.17 as of Jun. 28, 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.

Is Vinsys IT Services India (NSE:VINSYS) Overvalued in 2026?

Based on GuruFocus' analysis, Vinsys IT Services India stock appears to be undervalued. The current stock price of ₹464.60 is trading 11.4% below its estimated GF Value™ of ₹524.64. GuruFocus considers Vinsys IT Services India to be Modestly Undervalued.

Key valuation signals for NSE:VINSYS:

  • Beneish M-Score: -1.17
  • GF Value™: ₹524.64 vs. price of ₹464.60 (11.4% below fair value)
  • GF Score™: 70/100 with 7 warning signs

No single metric tells the full story. See the NSE:VINSYS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Vinsys IT Services India Business Description

Address S. No. 28/11- 12, Shivaji Niketan, C.T.S. No. 458A, Tejas Housing Society, Near Mantri Park Behind Kothrud Bus Stand, Kothrud, Pune, MH, IND, 411038
Vinsys IT Services India Ltd is engaged in the IT business. The core competencies of the company include Training and Certifications, Digital Learning, IT Services, Business Academy, and technology training. The company is dedicated to becoming an accredited training service provider to meet the growing demand for training and workforce development. The company specializes in corporate training and consulting across a broad range of domains. The company caters to professionals across all industries and domains and offers assistance to organizations in formulating their learning and development strategies.
70GF Score

Get the complete analysis for NSE:VINSYS

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹464.60
Price
₹524.64
GF Value