Last Updated2026-06-02

Market View

₹16.66(▲3.54%)

Reporting PeriodQ4 FY26

ASHIMASYNAshima Limited Forensic Risk Analysis

Name: Ashima Limited Structural Risk Analysis
Creator: Flagium AI
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Other Textile Products

Risk ClassWatch

Market Cap₹287 Cr

Primary DriverBalance Sheet Stress

Flagium AI Risk Score

29 / 100

-5 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.

61.0th %ile (Sector)Accel: +0 Qtrs

Updated2026-06-02

Market View

₹16.66▲3.54%

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

+8.6 pts

Earnings Quality

+7.9 pts

Stability Adjustment

+12.0 pts

Final Composite Risk29 / 100

Investment Risk Thesis

Historical Trend

Current risk score has risen from 14 → 29 over 13 quarters.

Expected Direction

🟢 Improving

Primary Deterioration Drivers

Margin Compression
Relative Growth Weakness
Low Interest Coverage

What to Watch Next Quarter

Operating profit margins
Operating cash flow

Active Risk Objects (6)

CriticalHigh

Relative Growth Weakness

📊 Earnings QualityAnnualActive for 2 Years

More Detail

Impact Weight12/15

MomentumAccelerating

Last SignalQ2 FY2026

Revenue growth consistently lags behind sector median (6.5%).

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

Margin Compression

📊 Earnings QualityAnnualActive for 3 Years

More Detail

Impact Weight15/15

MomentumPersistent

Last SignalQ2 FY2026

Operating margin declined by 87.1 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 10 Qtrs

More Detail

Impact Weight8/15

MomentumPersistent

Last SignalQ4 FY2026

ASHIMASYN: Low Interest Coverage Ratio of -0.98x 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 6 Qtrs

More Detail

Impact Weight8/15

MomentumPersistent

Last SignalQ4 FY2026

ASHIMASYN: Net Profit collapsed by 313.5% from FY2025 Q4 to FY2026 Q4.

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

Negative FCF Streak

⚖️ Governance SignalsAnnualActive for 3 Years

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Impact Weight6/15

MomentumPersistent

Last SignalFY2026

ASHIMASYN: Negative Free Cash Flow for last 3 consecutive years.

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

Cash Conversion Deficit

📊 Earnings QualityAnnualActive for 3 Years

More Detail

Impact Weight6/15

MomentumPersistent

Last SignalFY2026

ASHIMASYN: OCF below Net Profit in 3/3 recent years.

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

Risk Trajectory

Loading Chart

Resilience Matrix

Metric	Value	vs Sector	Signal
Volatility (σ)	4.75	8.38	✅ RESILIENT
Sensitivity (ε_s)	1	1.00	✅ RESILIENT
Escalation Prob.	5%	5%	✅ NEUTRAL
Safety Buffer	+37.0	+42.0	📈 CRITICAL

Forensic Benchmark Context: Other Textile Products (n=42 peers)

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

Loading Chart

Share Price

Risk Score (0-100)

Market Performance

₹16.66(+3.54%)

1M Divergence+6.76%

1 Week+1.71%

1 Month+4.39%

6 Months-10.67%

1 Year-46.79%

2 Year-45.73%

3 Year+18.16%

Sector Average (1M)-2.37%

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.

ASHIMASYN • MARKET STRUCTURE

Stage 4 — Declining

The company is in a defensive phase. Sentiment and fundamentals are deteriorating under persistent downward pressure, indicating elevated risk levels.

Stage Transition Prob.0%

Trend QualityDeteriorating

Phase Progression

Phase Progression Score17.5%

Readiness LabelLow (Early Base Consolidation)

Probability of Advancing0%

CoinTree Momentum

Composite Z-Score+0.0698σ

Improving momentum strength

Universe Rank#868 of 2716

Top 31.96% in momentum strength

Timeframe Sparklines

1W+1.7%

1M+4.4%

6M-10.7%

Weinstein Indicators

150 DMA₹16.98

200 DMA₹18.67

150 DMA Slope-4.5844%Declining

Relative Strength-5.18%Lagging

Relative Turnover (RTR)0.9196

ParticipationNeutral

PEER COMPARISON

Ranked comparison against sector peers

Risk profile is broadly in line with the Sector Mean (24).

Ticker	Risk Score	Sector %ile	Delta	Flags	Accel	Primary Driver
BANSWRASBanswara Syntex Limited	6	7th	+5	17	+1	Competitive PositionStable
ABCOTSA B Cotspin India Limited	25	51th	-5	10	+0	Balance Sheet StressWatch
ASHIMASYNAshima Limited	29	61th	-5	6	+0	Balance Sheet StressWatch
HIMATSEIDEHIMATSEIDE	40	95th	+5	34	+5	Balance Sheet StressModerate Deterioration