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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 -2.34 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Vishnusurya Projects and Infra's Beneish M-Score or its related term are showing as below:
NSE:VISHNUINFR'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.34 Med: -1.31 Max: 3.46
Current: -2.34
During the past 6 years, the highest Beneish M-Score of Vishnusurya Projects and Infra was 3.46. The lowest was -2.34. And the median was -1.31.
* 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.
Vishnusurya Projects and Infra Beneish M-Score Chart
Vishnusurya Projects and Infra Beneish M-Score Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Vishnusurya Projects and Infra'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.
Vishnusurya Projects and Infra Beneish M-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Vishnusurya Projects and Infra's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Vishnusurya Projects and Infra's Beneish M-Score falls into.
Vishnusurya Projects and Infra 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 Vishnusurya Projects and Infra 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 * 0.8737
+
0.528 * 1.0444
+
0.404 * 0.8889
+
0.892 * 1.2996
+
0.115 * 0.8541
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8586
+
4.679 * -0.019654
-
0.327 * 0.7929
=
-2.37
* 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.
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.
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))
=
(62.905 / (62.905 + 1122.614))
/
(85.535 / (85.535 + 1291.334))
=
0.053061
/
0.062123
=
0.8541
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
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
=
(355.94 - 0
-
428.048)
/
3668.96
=
-0.019654
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.
Vishnusurya Projects and Infra has a M-score of -2.37 suggests that the company is unlikely to be a manipulator.
Vishnusurya Projects and Infra (NSE:VISHNUINFR) has a Beneish M-Score of -2.34 as of Sep. 21, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Vishnusurya Projects and Infra and its competitors. According to the industry distribution chart, Vishnusurya Projects and Infra ranks #310 out of 686 companies in the Metals & Mining industry, placing it in the top 45.2%.
Is Vishnusurya Projects and Infra's Beneish M-Score too high?
Vishnusurya Projects and Infra's current Beneish M-Score is -2.34. Based on the distribution chart, Vishnusurya Projects and Infra ranks #310 out of 686 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Vishnusurya Projects and Infra has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vishnusurya Projects and Infra's Beneish M-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Vishnusurya Projects and Infra ranks #310 out of 686 companies for Beneish M-Score. This puts Vishnusurya Projects and Infra in the upper 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 Metals & Mining company?
A good Beneish M-Score depends on the Metals & Mining 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 Vishnusurya Projects and Infra and its competitors. Vishnusurya Projects and Infra's current Beneish M-Score is -2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vishnusurya Projects and Infra stock overvalued right now?
Based on GuruFocus' analysis, Vishnusurya Projects and Infra (NSE:VISHNUINFR) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹285.25, compared to a current price of ₹150.55 — trading 47.2% below its estimated fair value. The current Beneish M-Score is -2.34. Vishnusurya Projects and Infra's overall GF Score™ is 65/100 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 Vishnusurya Projects and Infra (NSE:VISHNUINFR), the current Beneish M-Score is -2.34 as of Sep. 21, 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 Vishnusurya Projects and Infra (NSE:VISHNUINFR) Overvalued in 2026?
Based on GuruFocus' analysis, Vishnusurya Projects and Infra stock appears to be undervalued.
The current stock price of ₹150.55 is trading 47.2% below its estimated GF Value™ of ₹285.25.
GuruFocus considers Vishnusurya Projects and Infra to be Significantly Undervalued.
Key valuation signals for NSE:VISHNUINFR:
Beneish M-Score: -2.34
GF Value™: ₹285.25 vs. price of ₹150.55 (47.2% below fair value)
No single metric tells the full story. See the NSE:VISHNUINFR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vishnusurya Projects and Infra Ltd is engaged in three reportable business segments (1) Construction and allied activities (2) Mining activities with crusher plant & M-Sand plant and (3) Waste Management. In addition to mining activities, it is engaged in EPC Projects (construction and infrastructure) delivered across all key sectors such as water, transportation, rail, resource, and institutional development. The Company executed and delivered multiple real estate projects in the past such as the construction of villas, multi-storied apartments, specific contracts like compound walls, renovation works, site formation, etc., and design and construction of various infrastructure projects for the government, autonomous and private bodies in state of Tamil Nadu.
65GF Score
Get the complete analysis for NSE:VISHNUINFR
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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