Sintex Plastics Technology Stock Beneish M Score

SPTL Stock   1.06  0.00  0.00%   
This module uses fundamental data of Sintex Plastics to approximate the value of its Beneish M Score. Sintex Plastics M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sintex Plastics Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
  
Long Term Debt is expected to grow at the current pace this year. Short Term Debt is likely to drop to about 208.2 M in 2025.
At this time, Sintex Plastics' M Score is inapplicable. The earnings manipulation may begin if Sintex Plastics' top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Sintex Plastics executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Sintex Plastics' earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-11.31
Beneish M Score - Inapplicable
Elasticity of Receivables

N/A

Focus
Asset Quality

1.0

Focus
Expense Coverage

N/A

Focus
Gross Margin Strengs

N/A

Focus
Accruals Factor

N/A

Focus
Depreciation Resistance

0.65

Focus
Net Sales Growth

N/A

Focus
Financial Leverage Condition

1.0

Focus

Sintex Plastics Beneish M-Score Indicator Trends

The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if Sintex Plastics' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
Current ValueLast YearChange From Last Year 10 Year Trend
Total Assets12.7 M13.3 M
Notably Down
Very volatile
Total Current Assets9.9 M10.4 M
Notably Down
Pretty Stable
Property Plant Equipment6.9 B7.3 B
Notably Down
Pretty Stable
Depreciation And Amortization1.3 B844.5 M
Way Up
Slightly volatile
Selling General Administrative2.7 B2.6 B
Sufficiently Up
Slightly volatile
Total Current Liabilities215 M226.3 M
Notably Down
Pretty Stable
Net Debt158.6 M166.9 M
Notably Down
Slightly volatile
Short Term Debt208.2 M219.2 M
Notably Down
Pretty Stable
Short Term Investments10.5 B10 B
Sufficiently Up
Slightly volatile
Long Term Investments464.5 M522.5 M
Fairly Down
Slightly volatile

Sintex Plastics Tech Beneish M-Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between Sintex Plastics' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Sintex Plastics in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Sintex Plastics' degree of accounting gimmicks and manipulations.

About Sintex Plastics Beneish M Score

M-Score is one of many grading techniques for value stocks. It was developed by Professor M. Daniel Beneish of the Kelley School of Business at Indiana University and published in 1999 under the paper titled The Detection of Earnings Manipulation. The Beneish score is a multi-factor model that utilizes financial identifiers to compile eight variables used to classify whether a company has manipulated its reported earnings. The variables are built from the officially filed financial statements to create a final score call 'M Score.' The score helps to identify companies that are likely to manipulate their profits if they show deteriorating gross margins, operating expenses, and leverage against growing revenue.

Depreciation And Amortization

1.32 Billion

At this time, Sintex Plastics' Depreciation And Amortization is comparatively stable compared to the past year.

Sintex Plastics Earnings Manipulation Drivers

Although earnings manipulation is typically not the result of intentional misconduct by the c-level executives, it is still a widespread practice by the senior management of public companies such as Sintex Plastics. It is usually done by a series of misrepresentations of various accounting rules and operating activities across multiple financial cycles. The best way to spot the manipulation is to examine the historical financial statement to find inconsistencies in earning reports to find trends in assets or liabilities that are not sustainable in the future.
202020212022202320242025 (projected)
Net Receivables9.7B2.4B6.4B877.8M16M0.0
Total Revenue47.1B9.2B8.6B9.3B31.3M0.0
Total Assets56.3B38.3B24.3M11.6M13.3M12.7M
Total Current Assets14.4B11.1B24.3M11.6M10.4M9.9M
Net Debt25.2B23.3B1.4B185.5M167.0M158.6M
Short Term Debt30.9B24.8B1.3B190.6M219.2M208.2M
Long Term Debt27.3B470.7M79.9M12.9M76.1M0.0
Operating Income(889.6M)(4.1B)(5.5B)(18.1M)(16.3M)(15.5M)

About Sintex Plastics Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Sintex Plastics Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sintex Plastics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sintex Plastics Technology based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Additional Tools for Sintex Stock Analysis

When running Sintex Plastics' price analysis, check to measure Sintex Plastics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sintex Plastics is operating at the current time. Most of Sintex Plastics' value examination focuses on studying past and present price action to predict the probability of Sintex Plastics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sintex Plastics' price. Additionally, you may evaluate how the addition of Sintex Plastics to your portfolios can decrease your overall portfolio volatility.