OneConstruction Group Limited
ONEG Industrials Engineering & Construction
OneConstruction Group Limited’s revenue for fiscal 2026 (year ended March 2026) was $49.4 million, down 7.23% from fiscal 2025.
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OneConstruction Group Limited (ONEG) Beneish M-score
OneConstruction Group Limited's Beneish M-score for fiscal 2026 cannot be worked out: gross margin index cannot be worked out.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2025 | −2.20 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.73 | — | 0.67 | |
| Gross margin index | — | — | n/a | — |
| Asset quality index | 0.38 | — | 0.15 | |
| Sales growth index | 0.93 | — | 0.83 | |
| Depreciation index | 2.14 | — | 0.25 | |
| SG&A index | 2.47 | — | −0.42 | |
| Total accruals to total assets | (0.41) | — | −1.90 | |
| Leverage index | 1.32 | — | −0.43 | |
| Beneish M-score | n/a — gross margin index cannot be worked out | — | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| AXNX Mint Incorporation Limited compare | −9.8× |
| MSGY Masonglory Limited compare | −4.0× |
| RNTZ SKK Holdings Limited compare | −2.5× |
| KAZR Skyline Builders Group Holding Limited compare | −2.2× |
| OFAL OFA Group compare | −1.2× |
| SLND Southland Holdings, Inc. compare | — |
| ONEG OneConstruction Group Limited | — |
| ZDAI DirectBooking Technology Co., Ltd. compare | — |
| PMA Ming Shing Group Holdings Limited compare | — |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI