ADANIENTAdani Enterprises Limited Forensic Risk Analysis

Trading - Minerals
Risk ClassWatch
Market Cap₹2,45,148 Cr
Primary DriverBalance Sheet Stress
Flagium AI Risk Score
Early signs of stress detected. Not yet widespread, but initial deterioration is visible.
35 / 100
-8 QoQ
Improving
Sentinel Insight

Financial profile remains stable for now. Pressure is receding in balance sheet stress. This suggests the risk profile is currently stabilizing. Risk levels are improving.

100.0th %ile (Sector)Accel: +0 Qtrs
Updated2026-06-02
Market View
₹2,968.1▲2.02%
PeriodQ4 FY26

Score Waterfall
Absolute contribution points of each forensic pillar to the final risk score. Derived from: Sector Baseline + Active Penalties - Mitigation Buffers.

Balance Sheet Stress
+20.0 pts
Earnings Quality
+7.2 pts
Stability Adjustment
+8.0 pts
Final Composite Risk35 / 100

Investment Risk Thesis

Historical Trend

Current risk score has risen from 4 → 35 over 13 quarters.

Expected Direction
🟢 Improving
Primary Deterioration Drivers
  • Margin Compression
  • Inventory Stress
  • Relative Growth Weakness
What to Watch Next Quarter
  • Working capital efficiency
  • Operating profit margins
  • Inventory turnover

Active Risk Objects (10)

CriticalHigh
Working Capital Expansion
💧 Liquidity & CoverageAnnualActive for 2 Years
More Detail
Impact Weight10/15
MomentumAccelerating
Last SignalQ4 FY2026
Working capital expansion detected: Receivable days increased by 8.5%.

"Early signs of working capital expansion. Receivable or inventory days are creeping up."

Relative Growth Weakness
📊 Earnings QualityAnnualActive for 3 Years
More Detail
Impact Weight12/15
MomentumPersistent
Last SignalQ3 FY2026
Revenue growth consistently lags behind sector median (12.8%).

"Early signs of earnings quality decay. Profitability is being driven by non-core items."

Capex Efficiency Stress
📊 Earnings QualityAnnualActive for 3 Years
More Detail
Impact Weight8/15
MomentumPersistent
Last SignalQ2 FY2026
Aggressive Capex (59.9%) amidst slow revenue growth (-5.8%).

"Early signs of earnings quality decay. Profitability is being driven by non-core items."

Margin Compression
📊 Earnings QualityAnnualActive for 1 Years
More Detail
Impact Weight15/15
MomentumAccelerating
Last SignalQ2 FY2026
Operating margin declined by 6.7 bps YoY for two consecutive quarters.

"Early signs of margin erosion. Input costs are beginning to eat into core profits."

Low Interest Coverage
💧 Liquidity & CoverageQuarterlyActive for 7 Qtrs
More Detail
Impact Weight8/15
MomentumPersistent
Last SignalQ4 FY2026
ADANIENT: Low Interest Coverage Ratio of 1.44x in FY2026 Q4 (Threshold: 2.5x).

"Interest coverage is dangerously low. Even a minor fall in profit could trigger a default."

Profit Collapse
📊 Earnings QualityQuarterlyActive for 3 Qtrs
More Detail
Impact Weight8/15
MomentumPersistent
Last SignalQ4 FY2026
ADANIENT: Net Profit collapsed by 112.1% from FY2025 Q4 to FY2026 Q4.

"Earnings quality is under severe pressure. High accruals suggest potential revenue overstatement."

Inventory Stress
📊 Earnings QualityAnnualActive for 2 Years
More Detail
Impact Weight15/15
MomentumAccelerating
Last SignalQ2 FY2026
Inventory growth (22.4%) significantly outpaced revenue growth (-5.8%).

"Stock is piling up in the warehouse. Inventory turnover is slowing down dangerously."

Cash Conversion Deficit
📊 Earnings QualityAnnualActive for 1 Years
More Detail
Impact Weight6/15
MomentumAccelerating
Last SignalFY2026
ADANIENT: OCF below Net Profit in 2/3 recent years.

"Cash conversion is dangerously low. Operational cash flow is significantly trailing reported PAT."

Negative FCF Streak
⚖️ Governance SignalsAnnualActive for 1 Years
More Detail
Impact Weight6/15
MomentumAccelerating
Last SignalFY2026
ADANIENT: Negative Free Cash Flow for last 3 consecutive years.

"High capital expenditure and low OCF are draining cash. Debt levels may rise sharply."

Revenue-Debt Divergence
🏛️ Solvency & LeverageAnnualActive for 1 Years
More Detail
Impact Weight6/15
MomentumDecaying
Last SignalFY2024
ADANIENT: Revenue fell 28.9% while Debt rose 30.8% in 2024 vs 2023.

"Debt servicing metrics have improved recently. The company is actively deleveraging."

Risk Trajectory
Historical 12-quarter risk trend (Q-11 to Q0) followed by a 2-quarter predictive funnel (Q+1, Q+2).
Loading Chart
Resilience Matrix
Diagnostic benchmarking comparing structural sensitivity and risk buffers against sector medians.
MetricValuevs SectorSignal
Volatility (σ)7.758.00✅ RESILIENT
Sensitivity (ε_s)11.00✅ RESILIENT
Escalation Prob.5%5%✅ NEUTRAL
Safety Buffer+31.0+45.0📈 CRITICAL
Forensic Benchmark Context: Trading - Minerals (n=2 peers)

Correlation Analysis
Visualizing the relationship between stock price movement and structural risk objects.

Loading Chart
Share Price
Risk Score (0-100)
Market Performance
₹2,968.1(+2.02%)
1M Divergence+20.97%
1 Week-0.04%
1 Month+23.24%
6 Months+33.82%
1 Year+17.9%
2 Year-12.92%
3 Year+21.56%
Sector Average (1M)+2.27%
Sentinel Forensic Assessment
ALGORITHMIC RISK PROFILE • NON-ADVISORY

The risk profile is Early Signals and currently improving. Recent structural triggers in balance sheet stress suggest a building pressure on the underlying framework. Material forensic traces are visible in core structural metrics, indicating a progressive erosion of structural stability. Initial structural recovery is visible; monitor for a sustained return to resilience.

ADANIENT • MARKET STRUCTURE

Stage 1 — Accumulation

The company is in a foundational phase. Risk metrics are stabilizing as the company builds a base for potential future fundamental improvement.

Stage Transition Prob.89%
Trend QualityDeveloping
Phase Progression
Phase Progression Score85%
Readiness LabelHigh (Phase Transition Imminent)
Probability of Advancing89%
CoinTree Momentum
Composite Z-Score+1.3464σ
Strong positive momentum leadership
Universe Rank
A cross-sectional rank of this stock's composite momentum score compared to all other tracked equities in the universe. A rank of #1 of 1035 means it has the strongest overall price momentum in the market.
#163 of 2716
Top 6.00% in momentum strength
Timeframe Sparklines
1W-0.0%
1M+23.2%
6M+33.8%
Weinstein Indicators
150 DMA₹2,266.11
200 DMA₹2,305.82
150 DMA Slope+0.8503%Rising
Relative Strength+39.31%Leading
Relative Turnover (RTR)1.9043
ParticipationHealthy

PEER COMPARISON

Ranked comparison against sector peers

This company shows higher risk compared to the Sector Mean (21).
ARENTERPRajdarshan Industries Limited
7 Risk
Sector %ile0th
Delta-5
Active Flags11
Accel+0
Governance

Stable

ADANIENTAdani Enterprises Limited
35 Risk
Sector %ile100th
Delta-8
Active Flags10
Accel+0
Balance Sheet Stress

Watch

* Peer comparison is based on risk signals, not valuation or returns.

Risk Profiles

Solvency
10100th %ile
VS Sector Median (8.5)
Governance
10100th %ile
VS Sector Median (8.5)
Earnings Quality
5.252th %ile
VS Sector Median (8.5)
Balance Sheet Stress
00th %ile
VS Sector Median (8.5)
Competitive Position
10100th %ile
VS Sector Median (8.5)
Growth Sustainability
10100th %ile
VS Sector Median (8.5)

Deterioration Timeline

2026

Working Capital Expansion

2026

Relative Growth Weakness

2026

Relative Growth Weakness

2026

Margin Compression

2026

Inventory Stress

2026

Capex Efficiency Stress

2026

Working Capital Expansion

2026

Relative Growth Weakness

2026

Negative FCF Streak

2026

Cash Conversion Deficit

2025

Inventory Stress

2025

Capex Efficiency Stress

2024

Capex Efficiency Stress

2024

Revenue-Debt Divergence

Key Financials (INR Cr)

PeriodRevenueNet ProfitOCFDebt
FY2026102,9439,9512,357113,702
FY2025100,3658,0054,53076,236
FY202498,2823,33510,31150,124
FY2023138,1752,42217,62638,320