BANARBEADSBanaras Beads Limited Forensic Risk Analysis

Gems Jewellery And Watches
Risk ClassWatch
Market Cap₹80 Cr
Primary DriverEarnings Quality
Flagium AI Risk Score
Early signs of stress detected. Not yet widespread, but initial deterioration is visible.
25 / 100
-5 QoQ
Improving
Sentinel Insight

Financial profile remains stable for now. Pressure is receding in profitability and earnings quality. This suggests the risk profile is currently stabilizing. Risk levels are improving.

91.3th %ile (Sector)Accel: +0 Qtrs
Updated2026-06-02
Market View
₹108.02▲0.77%
PeriodQ4 FY26

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

Earnings Quality
+6.0 pts
Balance Sheet Stress
+4.8 pts
Stability Adjustment
+14.0 pts
Final Composite Risk25 / 100

Investment Risk Thesis

Historical Trend

Current risk score has risen from 13 → 25 over 13 quarters.

Expected Direction
🟢 Improving
Primary Deterioration Drivers
  • Relative Growth Weakness
  • Operating Leverage Stress
  • Profit Collapse
What to Watch Next Quarter
  • Operating profit margins
  • Operating cash flow
  • Debt growth

Active Risk Objects (7)

CriticalHigh
Relative Growth Weakness
📊 Earnings QualityAnnualActive for 1 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."

Profit Collapse
📊 Earnings QualityQuarterlyActive for 1 Qtrs
More Detail
Impact Weight8/15
MomentumDecaying
Last SignalQ2 FY2026
BANARBEADS: Net Profit collapsed by 97.4% from FY2025 Q2 to FY2026 Q2.

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

Cash Conversion Deficit
📊 Earnings QualityAnnualActive for 3 Years
More Detail
Impact Weight6/15
MomentumPersistent
Last SignalFY2026
BANARBEADS: 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
MomentumDecaying
Last SignalFY2024
BANARBEADS: Negative Free Cash Flow for last 3 consecutive years.

"Free cash flow pressure is easing as capital intensity or working capital stress recedes."

Low Interest Coverage
💧 Liquidity & CoverageQuarterlyActive for 2 Qtrs
More Detail
Impact Weight8/15
MomentumAccelerating
Last SignalQ4 FY2026
BANARBEADS: Low Interest Coverage Ratio of 1.55x in FY2026 Q4 (Threshold: 2.5x).

"Earnings buffer for interest payments is narrowing. Monitor for margin pressure."

Operating Leverage Stress
📊 Earnings QualityAnnualActive for 2 Years
More Detail
Impact Weight10/15
MomentumAccelerating
Last SignalQ4 FY2026
Expenses are consistently growing faster than revenues, creating operational pressure.

"Debt levels are creeping up. Monitor for signs of excessive borrowing for non-core activities."

Revenue-Debt Divergence
🏛️ Solvency & LeverageAnnualActive for 1 Years
More Detail
Impact Weight6/15
MomentumAccelerating
Last SignalFY2026
BANARBEADS: Revenue fell 19.2% while Debt rose 139.2% in 2026 vs 2025.

"Debt levels are creeping up. Monitor for signs of excessive borrowing for non-core activities."

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)4.836.37✅ RESILIENT
Sensitivity (ε_s)11.00✅ RESILIENT
Escalation Prob.5%5%✅ NEUTRAL
Safety Buffer+41.0+52.5📈 CRITICAL
Forensic Benchmark Context: Gems Jewellery And Watches (n=24 peers)

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

Loading Chart
Share Price
Risk Score (0-100)
Market Performance
₹108.02(+0.77%)
1M Divergence-1.74%
1 Week-3.31%
1 Month-4.11%
6 Months-16.4%
1 Year-9.55%
2 Year+26.87%
3 Year+37.89%
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 earnings quality suggest a building pressure on the underlying framework. Material forensic traces are visible in operational margins and profitability metrics, indicating a progressive erosion of structural stability. Initial structural recovery is visible; monitor for a sustained return to resilience.

BANARBEADS • 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 Score0%
Readiness LabelLow (Early Base Consolidation)
Probability of Advancing0%
CoinTree Momentum
Composite Z-Score-0.6049σ
Weakening momentum trend
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.
#2204 of 2716
Top 81.15% in momentum strength
Timeframe Sparklines
1W-3.3%
1M-4.1%
6M-16.4%
Weinstein Indicators
150 DMA₹120.73
200 DMA₹119.9
150 DMA Slope-2.4949%Declining
Relative Strength-11.40%Lagging
Relative Turnover (RTR)0.1426
ParticipationWeak

PEER COMPARISON

Ranked comparison against sector peers

This company shows higher risk compared to the Sector Mean (13.5).
BLUESTONEBlueStone Jewellery and Lifestyle Limited
15 Risk
Sector %ile65th
Delta0
Active Flags6
Accel+0
Balance Sheet Stress

Stable

BANARBEADSBanaras Beads Limited
25 Risk
Sector %ile91th
Delta-5
Active Flags7
Accel+0
Earnings Quality

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
660th %ile
VS Sector Median (8.5)
Balance Sheet Stress
6.868th %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

Operating Leverage Stress

2026

Operating Leverage Stress

2026

Relative Growth Weakness

2026

Revenue-Debt Divergence

2026

Cash Conversion Deficit

2025

Cash Conversion Deficit

2024

Cash Conversion Deficit

2024

Negative FCF Streak

Key Financials (INR Cr)

PeriodRevenueNet ProfitOCFDebt
FY2026272-521
FY202534359
FY2024313-33
FY2023293-40