LINDEINDIALinde India Limited Forensic Risk Analysis

Industrial Gases
Risk ClassModerate Deterioration
Market Cap₹57,055 Cr
Primary DriverEarnings Quality
Flagium AI Risk Score
Moderate stress emerging. While not critical, underlying pressure is building.
41 / 100
+26 QoQ
Early Deterioration
Sentinel Insight

Some early signs of pressure are visible. Weakness is detected in profitability and earnings quality. This suggests a building risk profile. Risk is increasing at a faster pace.

100.0th %ile (Sector)Accel: +1 Qtrs
Updated2026-06-02
Market View
₹6,940▲0.58%
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
+12.2 pts
Competitive Position
+10.6 pts
Growth Sustainability
+10.0 pts
Balance Sheet Stress
+8.0 pts
Final Composite Risk41 / 100

Investment Risk Thesis

Historical Trend

Current risk score has risen from 0 → 41 over 12 quarters.

Expected Direction
🚨 Escalate
Primary Deterioration Drivers
  • Inventory Stress
  • Industrial Margin Stress
  • Relative Growth Weakness
What to Watch Next Quarter
  • Operating profit margins
  • Inventory turnover
  • Working capital efficiency

Active Risk Objects (5)

CriticalHigh
Industrial Margin Stress
📊 Earnings QualityAnnualActive for 2 Years
More Detail
Impact Weight12/15
MomentumAccelerating
Last SignalQ4 FY2026
LINDEINDIA: EBITDA margin compressed by 7.4 bps YoY.

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

Capex Efficiency Stress
📊 Earnings QualityAnnualActive for 3 Years
More Detail
Impact Weight8/15
MomentumPersistent
Last SignalQ2 FY2026
Aggressive Capex (53.0%) amidst slow revenue growth (-0.5%).

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

Inventory Stress
📊 Earnings QualityAnnualActive for 3 Years
More Detail
Impact Weight15/15
MomentumPersistent
Last SignalQ4 FY2026
Inventory growth (15.4%) significantly outpaced revenue growth (2.6%).

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

Relative Growth Weakness
📉 Trend DeteriorationAnnualActive for 5 Years
More Detail
Impact Weight12/15
MomentumPersistent
Last SignalQ4 FY2026
Revenue growth consistently lags behind sector median (13.2%).

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

Working Capital Expansion
💧 Liquidity & CoverageAnnualActive for 3 Years
More Detail
Impact Weight10/15
MomentumPersistent
Last SignalQ4 FY2026
Working capital expansion detected: Receivable days increased by 28.7%.

"Early signs of working capital expansion. Receivable or inventory days are creeping up."

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)8.278.86✅ RESILIENT
Sensitivity (ε_s)11.00✅ RESILIENT
Escalation Prob.5%5%✅ NEUTRAL
Safety Buffer+25.0+43.5📈 CRITICAL
Forensic Benchmark Context: Industrial Gases (n=4 peers)

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

Loading Chart
Share Price
Risk Score (0-100)
Market Performance
₹6,940(+0.58%)
1M Divergence-7.46%
1 Week-4.26%
1 Month-5.19%
6 Months+19.66%
1 Year-7.54%
2 Year-20.05%
3 Year+74.2%
Sector Average (1M)+2.27%
Sentinel Forensic Assessment
ALGORITHMIC RISK PROFILE • NON-ADVISORY

The risk profile is Moderate Stress and currently deteriorating. 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. Strategic vigilance is advised as structural decay is accelerating.

LINDEINDIA • 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.95%
Trend QualityDeveloping
Phase Progression
Phase Progression Score65%
Readiness LabelModerate (Transition Potential Building)
Probability of Advancing95%
CoinTree Momentum
Composite Z-Score-0.1237σ
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.
#1248 of 2716
Top 45.95% in momentum strength
Timeframe Sparklines
1W-4.3%
1M-5.2%
6M+19.7%
Weinstein Indicators
150 DMA₹6,524.03
200 DMA₹6,474.63
150 DMA Slope+2.3638%Rising
Relative Strength+25.65%Leading
Relative Turnover (RTR)1.3121
ParticipationHealthy

PEER COMPARISON

Ranked comparison against sector peers

This company shows higher risk compared to the Sector Mean (22.5).
ELLENELLEN
10 Risk
Sector %ile0th
Delta-4
Active Flags3
Accel+0
Growth Sustainability

Stable

REFEXRefex Industries Limited
23 Risk
Sector %ile67th
Delta-5
Active Flags18
Accel+0
Earnings Quality

Watch

LINDEINDIALinde India Limited
41 Risk
Sector %ile100th
Delta+26
Active Flags5
Accel+1
Earnings Quality

Moderate Deterioration

* 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
1.919th %ile
VS Sector Median (8.5)
Balance Sheet Stress
660th %ile
VS Sector Median (8.5)
Competitive Position
329.6th %ile
VS Sector Median (8.5)
Growth Sustainability
00th %ile
VS Sector Median (8.5)

Deterioration Timeline

2026

Relative Growth Weakness

2026

Inventory Stress

2026

Working Capital Expansion

2026

Industrial Margin Stress

2026

Industrial Margin Stress

2026

Relative Growth Weakness

2026

Working Capital Expansion

2026

Capex Efficiency Stress

2026

Relative Growth Weakness

2025

Relative Growth Weakness

2025

Inventory Stress

2025

Relative Growth Weakness

2025

Capex Efficiency Stress

2024

Inventory Stress

2024

Working Capital Expansion

2024

Capex Efficiency Stress

Key Financials (INR Cr)

PeriodRevenueNet ProfitOCFDebt
FY20262,549549786-
FY20252,553455584-
FY20242,846434437-
FY202272191--