M&MMahindra & Mahindra Limited Forensic Risk Analysis

Passenger Cars & Utility Vehicles
Risk ClassStable
Market Cap₹4,13,448 Cr
Primary DriverGovernance
Flagium AI Risk Score
Stable structural profile. Financial profile appears resilient.
0 / 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.

0.0th %ile (Sector)Accel: +0 Qtrs
Updated2026-06-02
Market View
₹2,998.3▲0.95%
PeriodQ4 FY26

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

No active forensic penalties contributing.
Final Composite Risk0 / 100

Investment Risk Thesis

Historical Trend

Current risk score has declined from 5 → 0 over 13 quarters.

Expected Direction
🟢 Improving
Primary Deterioration Drivers
  • Working Capital Expansion
  • Operating Leverage Stress
  • Cash Conversion Deficit
What to Watch Next Quarter
  • Operating cash flow
  • Operating profit margins
  • Working capital efficiency

Active Risk Objects (4)

CriticalHigh
Cash Conversion Deficit
📊 Earnings QualityAnnualActive for 3 Years
More Detail
Impact Weight6/15
MomentumPersistent
Last SignalFY2026
M&M: OCF below Net Profit in 3/3 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 SignalFY2025
M&M: Negative Free Cash Flow for last 3 consecutive years.

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

Working Capital Expansion
💧 Liquidity & CoverageAnnualActive for 1 Years
More Detail
Impact Weight10/15
MomentumAccelerating
Last SignalQ2 FY2026
Working capital expansion detected: Receivable days increased by -7.8%.

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

Operating Leverage Stress
📊 Earnings QualityAnnualActive for 2 Years
More Detail
Impact Weight10/15
MomentumAccelerating
Last SignalQ2 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."

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)2.085.61✅ RESILIENT
Sensitivity (ε_s)11.00✅ RESILIENT
Escalation Prob.5%5%✅ NEUTRAL
Safety Buffer+66.0+56.0✅ RESILIENT
Forensic Benchmark Context: Passenger Cars & Utility Vehicles (n=6 peers)

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

Loading Chart
Share Price
Risk Score (0-100)
Market Performance
₹2,998.3(+0.95%)
1M Divergence-5.47%
1 Week-3.51%
1 Month-3.2%
6 Months-18.34%
1 Year-0.12%
2 Year+21.48%
3 Year+129.34%
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.

M&M • 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 Score7.5%
Readiness LabelLow (Early Base Consolidation)
Probability of Advancing0%
CoinTree Momentum
Composite Z-Score-0.6477σ
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.
#2263 of 2716
Top 83.32% in momentum strength
Timeframe Sparklines
1W-3.5%
1M-3.2%
6M-18.3%
Weinstein Indicators
150 DMA₹3,421.81
200 DMA₹3,430.3
150 DMA Slope-1.3676%Declining
Relative Strength-12.85%Lagging
Relative Turnover (RTR)1.1272
ParticipationNeutral

PEER COMPARISON

Ranked comparison against sector peers

This company appears relatively stable compared to the Sector Mean (10).
M&MMahindra & Mahindra Limited
0 Risk
Sector %ile0th
Delta-5
Active Flags4
Accel+0
Governance

Stable

FORCEMOTFORCE MOTORS LTD
5 Risk
Sector %ile20th
Delta-5
Active Flags4
Accel+0
Governance

Stable

HYUNDAIHyundai Motor India Limited
12 Risk
Sector %ile60th
Delta+3
Active Flags6
Accel+1
Competitive Position

Stable

MARUTIMaruti Suzuki India Limited
14 Risk
Sector %ile80th
Delta0
Active Flags12
Accel+0
Earnings Quality

Stable

* 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
10100th %ile
VS Sector Median (8.5)
Balance Sheet Stress
10100th %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

Working Capital Expansion

2026

Operating Leverage Stress

2026

Cash Conversion Deficit

2025

Cash Conversion Deficit

2025

Negative FCF Streak

2024

Cash Conversion Deficit

Key Financials (INR Cr)

PeriodRevenueNet ProfitOCFDebt
FY2026202,08418,62211,657129,615
FY2025161,39214,0733,176121,173
FY2024141,25512,270-5,630103,203
FY2023122,47511,374-7,07492,247