Last Updated2026-06-02

Market View

₹1,096.2(▲1.06%)

Reporting PeriodQ4 FY26

DHANUKADhanuka Agritech Limited Forensic Risk Analysis

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

Pesticides & Agrochemicals

Risk ClassWatch

Market Cap₹4,557 Cr

Primary DriverCompetitive Position

Flagium AI Risk Score

36 / 100

+1 QoQ

Early Deterioration

Sentinel Insight

Financial profile remains stable for now. Weakness is detected in competitive position. This suggests a building risk profile. Risk is increasing at a faster pace.

83.3th %ile (Sector)Accel: +2 Qtrs

Updated2026-06-02

Market View

₹1,096.2▲1.06%

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

+14.4 pts

Earnings Quality

+11.9 pts

Growth Sustainability

+10.0 pts

Final Composite Risk36 / 100

Investment Risk Thesis

Historical Trend

Current risk score has risen from 5 → 36 over 13 quarters.

Expected Direction

⚠ Watch

Primary Deterioration Drivers

Margin Compression
Inventory Stress
Relative Growth Weakness

What to Watch Next Quarter

Operating profit margins
Inventory turnover
Operating cash flow

Active Risk Objects (7)

CriticalHigh

Margin Compression

📊 Earnings QualityAnnualActive for 1 Years

More Detail

Impact Weight15/15

MomentumAccelerating

Last SignalQ3 FY2026

Operating margin declined by 3.2 bps YoY for two consecutive quarters.

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

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%).

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

Industrial Margin Stress

📊 Earnings QualityAnnualActive for 4 Years

More Detail

Impact Weight12/15

MomentumPersistent

Last SignalQ4 FY2026

DHANUKA: Raw material costs consumed an additional 7.0% of revenue YoY.

"Margins are in freefall. Operating costs are growing significantly faster than revenue."

Inventory Stress

📊 Earnings QualityAnnualActive for 3 Years

More Detail

Impact Weight15/15

MomentumPersistent

Last SignalQ4 FY2026

Inventory growth (29.6%) significantly outpaced revenue growth (11.2%).

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

Cash Conversion Deficit

📊 Earnings QualityAnnualActive for 3 Years

More Detail

Impact Weight6/15

MomentumPersistent

Last SignalFY2026

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

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

Operating Leverage Stress

📊 Earnings QualityAnnualActive for 1 Years

More Detail

Impact Weight10/15

MomentumAccelerating

Last SignalQ3 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."

Working Capital Expansion

💧 Liquidity & CoverageAnnualActive for 2 Years

More Detail

Impact Weight10/15

MomentumDecaying

Last SignalQ4 FY2025

Working capital expansion detected: Receivable days increased by 12.1%.

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

Risk Trajectory

Loading Chart

Resilience Matrix

Metric	Value	vs Sector	Signal
Volatility (σ)	5.25	7.62	✅ RESILIENT
Sensitivity (ε_s)	1	1.00	✅ RESILIENT
Escalation Prob.	5%	5%	✅ NEUTRAL
Safety Buffer	+30.0	+46.5	📈 CRITICAL

Forensic Benchmark Context: Pesticides & Agrochemicals (n=18 peers)

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

Loading Chart

Share Price

Risk Score (0-100)

Market Performance

₹1,096.2(+1.06%)

1M Divergence-0.73%

1 Week-7.57%

1 Month+1.53%

6 Months-12.34%

1 Year-33.5%

2 Year-13.65%

3 Year+56.04%

Sector Average (1M)+2.27%

Sentinel Forensic Assessment

ALGORITHMIC RISK PROFILE • NON-ADVISORY

The risk profile is Early Signals and currently consolidating. 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. Continued monitoring is necessary as risk levels remain above institutional safety parameters.

DHANUKA • 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-0.1834σ

Weakening momentum trend

Universe Rank#1373 of 2716

Top 50.55% in momentum strength

Timeframe Sparklines

1W-7.6%

1M+1.5%

6M-12.3%

Weinstein Indicators

150 DMA₹1,131.68

200 DMA₹1,237.43

150 DMA Slope-4.2468%Declining

Relative Strength-5.88%Lagging

Relative Turnover (RTR)2.8071

ParticipationHealthy

PEER COMPARISON

Ranked comparison against sector peers

This company shows higher risk compared to the Sector Mean (19.5).

Ticker	Risk Score	Sector %ile	Delta	Flags	Accel	Primary Driver
ADVANCEAdvance Agrolife Limited	14	44th	+5	3	+1	Growth SustainabilityStable
DHANUKADhanuka Agritech Limited	36	83th	+1	7	+2	Competitive PositionWatch
HERANBAHERANBA	45	89th	+10	36	+1	Balance Sheet StressModerate Deterioration
BESTAGROBest Agrolife Limited	47	94th	+33	15	+2	Balance Sheet StressModerate Deterioration