Shreevatsaa Finance & Leasing (BOM:532007) Beneish M-Score : 1777.09 (As of Jun. 05, 2024)

View and export this data going back to 2001. Start your Free Trial

What is Shreevatsaa Finance & Leasing Beneish M-Score?

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 1777.09 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Shreevatsaa Finance & Leasing's Beneish M-Score or its related term are showing as below:

BOM:532007' s Beneish M-Score Range Over the Past 10 Years
Min: -4.16 Med: -2.89 Max: 1777.09
Current: 1777.09

During the past 13 years, the highest Beneish M-Score of Shreevatsaa Finance & Leasing was 1777.09. The lowest was -4.16. And the median was -2.89.

Shreevatsaa Finance & Leasing Beneish M-Score Historical Data

The historical data trend for Shreevatsaa Finance & Leasing'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.

* Premium members only.

Shreevatsaa Finance & Leasing Beneish M-Score Chart

Shreevatsaa Finance & Leasing Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Beneish M-Score

Get a 7-Day Free Trial

-3.94

12.90

-4.16

-2.89

1,777.09

Shreevatsaa Finance & Leasing Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Beneish M-Score	Get a 7-Day Free Trial															-	-	1,777.09	-	-

Competitive Comparison of Shreevatsaa Finance & Leasing's Beneish M-Score

For the Financial Conglomerates subindustry, Shreevatsaa Finance & Leasing'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.

Shreevatsaa Finance & Leasing's Beneish M-Score Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Shreevatsaa Finance & Leasing's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Shreevatsaa Finance & Leasing's Beneish M-Score falls into.

Shreevatsaa Finance & Leasing 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 Shreevatsaa Finance & Leasing for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1936.014

0.528 * 1.1286

0.404 * 1.0056

0.892 * 0.9178

0.115 * 1

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.1843

4.679 * -0.139827

0.327 * 0.8468

1,777.09

This Year (Mar23) TTM:

Last Year (Mar22) TTM:

Total Receivables was ₹209.67 Mil.
Revenue was ₹8.08 Mil.
Gross Profit was ₹5.29 Mil.
Total Current Assets was ₹11.42 Mil.
Total Assets was ₹221.13 Mil.
Property, Plant and Equipment(Net PPE) was ₹0.03 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.02 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.33 Mil.
Total Current Liabilities was ₹1.50 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Net Income was ₹3.36 Mil.
Gross Profit was ₹0.00 Mil.
Cash Flow from Operations was ₹34.28 Mil.

Total Receivables was ₹0.12 Mil.
Revenue was ₹8.80 Mil.
Gross Profit was ₹6.51 Mil.
Total Current Assets was ₹12.44 Mil.
Total Assets was ₹218.02 Mil.
Property, Plant and Equipment(Net PPE) was ₹0.01 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.00 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.30 Mil.
Total Current Liabilities was ₹1.74 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 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)
	=	(209.674 / 8.075)	/	(0.118 / 8.798)
	=	25.96582	/	0.013412
	=	1936.014

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)
	=	(6.506 / 8.798)	/	(5.291 / 8.075)
	=	0.739486	/	0.655232
	=	1.1286

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 - (11.424 + 0.033) / 221.131)	/	(1 - (12.442 + 0.012) / 218.017)
	=	0.948189	/	0.942876
	=	1.0056

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
	=	8.075	/	8.798
	=	0.9178

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 + 0.012))	/	(0.024 / (0.024 + 0.033))
	=	0	/	0.421053
	=	1

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)
	=	(0.325 / 8.075)	/	(0.299 / 8.798)
	=	0.040248	/	0.033985
	=	1.1843

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 + 1.497) / 221.131)	/	((0 + 1.743) / 218.017)
	=	0.00677	/	0.007995
	=	0.8468

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
	=	(3.362 - 0	-	34.282)	/	221.131
	=	-0.139827

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.

Shreevatsaa Finance & Leasing has a M-score of 1,777.09 signals that the company is likely to be a manipulator.

Shreevatsaa Finance & Leasing Beneish M-Score Related Terms

Thank you for viewing the detailed overview of Shreevatsaa Finance & Leasing's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

Shreevatsaa Finance & Leasing (BOM:532007) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Shreevatsaa Finance & Leasing Ltd (BOM:532007) » Definitions » Beneish M-Score

Traded in Other Exchanges

N/A

Address

R-720, New Rajinder Nagar, New Delhi, IND, 110060

Website

https://www.svfl.co.in

Shreevatsaa Finance & Leasing Ltd is a Non-Banking Finance Company. The company primarily carries on the business of loans and advances, investment, trading in stocks, and mutual funds units. Its operating segment includes Trading and Financing activity. The company generates maximum revenue from Financing followed by Trading Activity.

Shreevatsaa Finance & Leasing (BOM:532007) Headlines

No Headlines