Last Updated2026-06-02

Market View

₹398.85(▼0.82%)

Reporting PeriodQ4 FY26

HARIOMPIPEHARIOMPIPE Forensic Risk Analysis

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

Iron & Steel Products

Risk ClassStable

Market CapN/A

Primary DriverGovernance

Flagium AI Risk Score

7 / 100

-5 QoQ

Improving

Sentinel Insight

Financial profile remains stable for now. Pressure is receding in governance. This indicates that forensic pressure is currently receding. Risk levels are improving.

17.5th %ile (Sector)Accel: +0 Qtrs

Updated2026-06-02

Market View

₹398.85▼0.82%

PeriodQ4 FY26

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

Stability Adjustment

+7.0 pts

Final Composite Risk7 / 100

Investment Risk Thesis

Historical Trend

Current risk score has risen from 5 → 7 over 13 quarters.

Expected Direction

🟢 Improving

Primary Deterioration Drivers

Inventory Stress
Industrial Margin Stress
Operating Leverage Stress

What to Watch Next Quarter

Inventory turnover
Operating profit margins
Operating cash flow

Active Risk Objects (8)

CriticalHigh

Inventory Stress

📊 Earnings QualityAnnualActive for 2 Years

More Detail

Impact Weight15/15

MomentumAccelerating

Last SignalQ2 FY2026

Inventory growth (30.9%) significantly outpaced revenue growth (6.8%).

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

Industrial Margin Stress

📊 Earnings QualityAnnualActive for 1 Years

More Detail

Impact Weight12/15

MomentumDecaying

Last SignalQ4 FY2025

HARIOMPIPE: Raw material costs consumed an additional 15.4% of revenue YoY.

"Operating efficiency is stabilizing. The rate of margin deterioration has slowed."

Cash Conversion Deficit

📊 Earnings QualityAnnualActive for 2 Years

More Detail

Impact Weight6/15

MomentumDecaying

Last SignalFY2025

HARIOMPIPE: OCF below Net Profit in 2/3 recent years.

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

Negative FCF Streak

⚖️ Governance SignalsAnnualActive for 1 Years

More Detail

Impact Weight6/15

MomentumDecaying

Last SignalFY2025

HARIOMPIPE: 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 4 Qtrs

More Detail

Impact Weight8/15

MomentumDecaying

Last SignalQ3 FY2026

HARIOMPIPE: Low Interest Coverage Ratio of 2.15x in FY2026 Q3 (Threshold: 2.5x).

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

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."

Capex Efficiency Stress

📊 Earnings QualityAnnualActive for 2 Years

More Detail

Impact Weight8/15

MomentumAccelerating

Last SignalQ2 FY2026

Aggressive Capex (16.6%) amidst slow revenue growth (6.8%).

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

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 37.7%.

"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)	3.5	7.53	✅ RESILIENT
Sensitivity (ε_s)	1	1.00	✅ RESILIENT
Escalation Prob.	5%	5%	✅ NEUTRAL
Safety Buffer	+59.0	+51.0	✅ RESILIENT

Forensic Benchmark Context: Iron & Steel Products (n=41 peers)

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

Loading Chart

Share Price

Risk Score (0-100)

Market Performance

₹398.85(-0.82%)

1M Divergence+17.6%

1 Week-5.9%

1 Month+19.86%

6 Months+10.88%

1 Year+2.97%

2 Year-24.75%

3 Year-39.15%

Sector Average (1M)+2.27%

Sentinel Forensic Assessment

ALGORITHMIC RISK PROFILE • NON-ADVISORY

The structural architecture is currently robust. Capital resilience buffers in governance remain well-maintained against forensic benchmarks. Systematic scans of structural transparency and audit trails confirm the absence of material structural stress. Initial structural recovery is visible; monitor for a sustained return to resilience.

HARIOMPIPE • 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.12%

Trend QualityStabilizing

Phase Progression

Phase Progression Score47.5%

Readiness LabelModerate (Transition Potential Building)

Probability of Advancing12%

CoinTree Momentum

Composite Z-Score+0.5650σ

Improving momentum strength

Universe Rank#415 of 2716

Top 15.28% in momentum strength

Timeframe Sparklines

1W-5.9%

1M+19.9%

6M+10.9%

Weinstein Indicators

150 DMA₹362.98

200 DMA₹395

150 DMA Slope-4.7544%Declining

Relative Strength+16.37%Leading

Relative Turnover (RTR)1.0684

ParticipationNeutral

PEER COMPARISON

Ranked comparison against sector peers

This company appears relatively stable compared to the Sector Mean (15).

Ticker	Risk Score	Sector %ile	Delta	Flags	Accel	Primary Driver
AEROENTERAeroflex Enterprises Limited	5	15th	-5	14	+0	GovernanceStable
HARIOMPIPEHARIOMPIPE	7	18th	-5	8	+0	GovernanceStable
BHARATWIREBharat Wire Ropes Limited	19	58th	+5	12	+2	Competitive PositionStable
BEDMUTHABedmutha Industries Limited	30	85th	-5	28	+0	Balance Sheet StressWatch