ADORAdor Welding Limited Forensic Risk Analysis

Other Industrial Products
Risk ClassWatch
Market Cap₹1,799 Cr
Primary DriverCompetitive Position
Flagium AI Risk Score
Early signs of stress detected. Not yet widespread, but initial deterioration is visible.
20 / 100
-5 QoQ
Improving
Sentinel Insight

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

75.0th %ile (Sector)Accel: +0 Qtrs
Updated2026-06-02
Market View
₹1,108.8▲0.67%
PeriodQ4 FY26

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

Competitive Position
+9.6 pts
Stability Adjustment
+10.0 pts
Final Composite Risk20 / 100

Investment Risk Thesis

Historical Trend

Current risk score has risen from 5 → 20 over 13 quarters.

Expected Direction
🟢 Improving
Primary Deterioration Drivers
  • Inventory Stress
  • Relative Growth Weakness
  • Operating Leverage Stress
What to Watch Next Quarter
  • Debt growth
  • Operating profit margins
  • Inventory turnover

Active Risk Objects (7)

CriticalHigh
Operating Leverage Stress
📊 Earnings QualityAnnualActive for 2 Years
More Detail
Impact Weight10/15
MomentumAccelerating
Last SignalQ1 FY2026
Expenses are consistently growing faster than revenues, creating operational pressure.

"The balance sheet is heavily over-leveraged. Interest payments are consuming most of the profit."

Low Interest Coverage
💧 Liquidity & CoverageQuarterlyActive for 1 Qtrs
More Detail
Impact Weight8/15
MomentumDecaying
Last SignalQ1 FY2026
ADOR: Low Interest Coverage Ratio of -5.00x in FY2026 Q1 (Threshold: 2.5x).

"The ability to cover interest is strengthening as earnings improve or debt is retired."

Profit Collapse
📊 Earnings QualityQuarterlyActive for 2 Qtrs
More Detail
Impact Weight8/15
MomentumDecaying
Last SignalQ1 FY2026
ADOR: Net Profit collapsed by 126.1% from FY2025 Q1 to FY2026 Q1.

"Earnings quality is stabilizing. The reliance on non-operational items is receding."

Inventory Stress
📊 Earnings QualityAnnualActive for 1 Years
More Detail
Impact Weight15/15
MomentumDecaying
Last SignalQ2 FY2025
Inventory growth (39.7%) significantly outpaced revenue growth (19.8%).

"Inventory overhang is clearing. Stock levels are normalizing as sales momentum returns."

Cash Conversion Deficit
📊 Earnings QualityAnnualActive for 2 Years
More Detail
Impact Weight6/15
MomentumDecaying
Last SignalFY2025
ADOR: OCF below Net Profit in 2/3 recent years.

"Cash conversion has normalized in the latest period. Operational cash flow is back in sync."

Relative Growth Weakness
📊 Earnings QualityAnnualActive for 2 Years
More Detail
Impact Weight12/15
MomentumAccelerating
Last SignalQ4 FY2026
Revenue growth consistently lags behind sector median (12.8%).

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

Working Capital Expansion
💧 Liquidity & CoverageAnnualActive for 1 Years
More Detail
Impact Weight10/15
MomentumDecaying
Last SignalQ4 FY2024
Working capital expansion detected: Receivable days increased by 13.5%.

"Working capital pressure is receding. Cash previously locked in operations is being released."

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)6.257.17✅ RESILIENT
Sensitivity (ε_s)11.00✅ RESILIENT
Escalation Prob.5%5%✅ NEUTRAL
Safety Buffer+46.0+56.0📈 CRITICAL
Forensic Benchmark Context: Other Industrial Products (n=13 peers)

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

Loading Chart
Share Price
Risk Score (0-100)
Market Performance
₹1,108.8(+0.67%)
1M Divergence+0.51%
1 Week-3.73%
1 Month+2.78%
6 Months+3.46%
1 Year+14.8%
2 Year-10.68%
3 Year+0.78%
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 competitive position 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.

ADOR • MARKET STRUCTURE

Stage 2 — Advancing

The company is in a growth phase. Institutional sentiment is highly positive, supported by strong fundamentals and sustained risk reduction.

Stage Transition Prob.96%
Trend QualityStrong
Phase Progression
Phase Progression Score90%
Readiness LabelHigh (Phase Transition Imminent)
Probability of Advancing96%
CoinTree Momentum
Composite Z-Score+0.1802σ
Improving momentum strength
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.
#714 of 2716
Top 26.29% in momentum strength
Timeframe Sparklines
1W-3.7%
1M+2.8%
6M+3.5%
Weinstein Indicators
150 DMA₹1,037.79
200 DMA₹1,026.68
150 DMA Slope+0.4123%Rising
Relative Strength+8.95%Leading
Relative Turnover (RTR)1.6614
ParticipationHealthy

PEER COMPARISON

Ranked comparison against sector peers

This company shows higher risk compared to the Sector Mean (10).
ESABINDIAESABINDIA
10 Risk
Sector %ile42th
Delta+5
Active Flags12
Accel+1
Competitive Position

Stable

ADORAdor Welding Limited
20 Risk
Sector %ile75th
Delta-5
Active Flags7
Accel+0
Competitive Position

Watch

MALLCOMMALLCOM
35 Risk
Sector %ile92th
Delta+22
Active Flags19
Accel+1
Earnings Quality

Watch

MICELMICEL
39 Risk
Sector %ile100th
Delta+19
Active Flags20
Accel+2
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
10100th %ile
VS Sector Median (8.5)
Balance Sheet Stress
10100th %ile
VS Sector Median (8.5)
Competitive Position
3.636th %ile
VS Sector Median (8.5)
Growth Sustainability
10100th %ile
VS Sector Median (8.5)

Deterioration Timeline

2026

Relative Growth Weakness

2026

Relative Growth Weakness

2026

Operating Leverage Stress

2025

Operating Leverage Stress

2025

Inventory Stress

2025

Cash Conversion Deficit

2024

Working Capital Expansion

2024

Cash Conversion Deficit

Key Financials (INR Cr)

PeriodRevenueNet ProfitOCFDebt
FY20261,158821161
FY20251,141601371
FY2024897633543
FY2023783591416