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Market Study

Sixteen checks on the filings of 24 smallcap companies

Each company's annual results, shareholding patterns, announcements and annual report run through the same fixed accounting and governance checks. Every square below is one check, and every number behind it links to the filing it came from.

The 24 were drawn at random, within each industry, from the non financial Nifty Smallcap 100 companies listed before April 2024. Listed alphabetically, never ranked.

Showing all 24 companies

CompanyEarningsBalance sheetGovernanceScore
12345678910111213141516
Within rangeMildly outsideWell outsideNot scored

The sixteen checks

  1. 1Beneish M-score
  2. 2Operating cash flow / net profit
  3. 3Accruals ratio
  4. 4Receivable days
  5. 5Inventory days
  6. 6Other income / profit before tax
  7. 7Contingent liabilities / net worth
  8. 8Loans to related parties / net worth
  9. 9Capital work in progress older than 3 years
  10. 10Borrowings growth minus revenue growth
  11. 11Promoter shares pledged or encumbered
  12. 12Change in promoter holding
  13. 13Statutory auditor resigned before the end of its term
  14. 14Audit opinion
  15. 15Related party sales and purchases / revenue
  16. 16CFO and company secretary resignations

Thresholds and formulas for each one are on the how it works page.