NAHARSPINGNAHARSPING Forensic Risk Analysis

Other Textile Products
Risk ClassWatch
Market CapN/A
Primary DriverCompetitive Position
Flagium AI Risk Score
Early signs of stress detected. Not yet widespread, but initial deterioration is visible.
34 / 100
-8 QoQ
Improving
Sentinel Insight

Financial profile remains stable for now. Pressure is receding in competitive position. This suggests the risk profile is currently stabilizing. Risk levels are improving.

78.0th %ile (Sector)Accel: +0 Qtrs
Updated2026-06-02
Market View
₹265▲0%
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
+15.0 pts
Stability Adjustment
+19.0 pts
Final Composite Risk34 / 100

Investment Risk Thesis

Historical Trend

Current risk score has risen from 4 → 34 over 13 quarters.

Expected Direction
🟢 Improving
Primary Deterioration Drivers
  • Inventory Stress
  • Relative Growth Weakness
  • Industrial Margin Stress
What to Watch Next Quarter
  • Operating profit margins
  • Inventory turnover
  • Operating cash flow

Active Risk Objects (7)

CriticalHigh
Relative Growth Weakness
📉 Trend DeteriorationAnnualActive for 6 Years
More Detail
Impact Weight12/15
MomentumPersistent
Last SignalQ4 FY2026
Revenue growth consistently lags behind sector median (13.1%).

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

Industrial Margin Stress
📊 Earnings QualityAnnualActive for 3 Years
More Detail
Impact Weight12/15
MomentumPersistent
Last SignalQ3 FY2026
NAHARSPING: EBITDA margin compressed by 5.5 bps YoY and Raw material costs consumed an additional 6.3% of revenue YoY.

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

Low Interest Coverage
💧 Liquidity & CoverageQuarterlyActive for 10 Qtrs
More Detail
Impact Weight8/15
MomentumDecaying
Last SignalQ3 FY2026
NAHARSPING: Low Interest Coverage Ratio of -0.32x in FY2026 Q3 (Threshold: 2.5x).

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

Profit Collapse
📊 Earnings QualityQuarterlyActive for 4 Qtrs
More Detail
Impact Weight8/15
MomentumDecaying
Last SignalQ3 FY2026
NAHARSPING: Net Profit collapsed by 1810.8% from FY2025 Q3 to FY2026 Q3.

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

Inventory Stress
📊 Earnings QualityAnnualActive for 2 Years
More Detail
Impact Weight15/15
MomentumDecaying
Last SignalQ4 FY2024
Inventory growth (41.3%) significantly outpaced revenue growth (12.0%).

"Inventory overhang is clearing. Stock levels are normalizing as sales momentum returns."

Cash Conversion Deficit
📊 Earnings QualityAnnualActive for 1 Years
More Detail
Impact Weight6/15
MomentumDecaying
Last SignalFY2024
NAHARSPING: OCF below Net Profit in 2/3 recent years.

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

Working Capital Expansion
💧 Liquidity & CoverageAnnualActive for 4 Years
More Detail
Impact Weight10/15
MomentumPersistent
Last SignalQ2 FY2026
Working capital expansion detected: Receivable days increased by 35.4%.

"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)8.338.38✅ RESILIENT
Sensitivity (ε_s)11.00✅ RESILIENT
Escalation Prob.5%5%✅ NEUTRAL
Safety Buffer+32.0+42.0📈 CRITICAL
Forensic Benchmark Context: Other Textile Products (n=42 peers)

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

Loading Chart
Share Price
Risk Score (0-100)
Market Performance
₹265(+0%)
1M Divergence+6.92%
1 Week+1.15%
1 Month+9.19%
6 Months+33.11%
1 Year-8.41%
2 Year+4.21%
3 Year+2.25%
Sector Average (1M)+2.27%
Sentinel Forensic Assessment
ALGORITHMIC RISK PROFILE • NON-ADVISORY

The risk profile is Early Signals and currently improving. 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. Initial structural recovery is visible; monitor for a sustained return to resilience.

NAHARSPING • 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.75%
Trend QualityStabilizing
Phase Progression
Phase Progression Score67.5%
Readiness LabelModerate (Transition Potential Building)
Probability of Advancing75%
CoinTree Momentum
Composite Z-Score+0.8313σ
Improving momentum strength
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.
#299 of 2716
Top 11.01% in momentum strength
Timeframe Sparklines
1W+1.1%
1M+9.2%
6M+33.1%
Weinstein Indicators
150 DMA₹208.91
200 DMA₹209.6
150 DMA Slope+3.4939%Rising
Relative Strength+36.93%Leading
Relative Turnover (RTR)0.9585
ParticipationNeutral

PEER COMPARISON

Ranked comparison against sector peers

This company shows higher risk compared to the Sector Mean (24).
AKSHARAkshar Spintex Limited
23 Risk
Sector %ile44th
Delta-5
Active Flags19
Accel+0
Governance

Watch

ABCOTSA B Cotspin India Limited
25 Risk
Sector %ile51th
Delta-5
Active Flags10
Accel+0
Balance Sheet Stress

Watch

NAHARSPINGNAHARSPING
34 Risk
Sector %ile78th
Delta-8
Active Flags7
Accel+0
Competitive Position

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
10100th %ile
VS Sector Median (8.5)
Balance Sheet Stress
10100th %ile
VS Sector Median (8.5)
Competitive Position
00th %ile
VS Sector Median (8.5)
Growth Sustainability
10100th %ile
VS Sector Median (8.5)

Deterioration Timeline

2026

Relative Growth Weakness

2026

Industrial Margin Stress

2026

Relative Growth Weakness

2026

Industrial Margin Stress

2026

Relative Growth Weakness

2026

Working Capital Expansion

2026

Relative Growth Weakness

2025

Relative Growth Weakness

2025

Working Capital Expansion

2025

Relative Growth Weakness

2024

Inventory Stress

2024

Working Capital Expansion

2024

Industrial Margin Stress

2024

Inventory Stress

2024

Working Capital Expansion

2024

Cash Conversion Deficit

Key Financials (INR Cr)

PeriodRevenueNet ProfitOCFDebt
FY20263,23322190983
FY20253,31912931,101
FY20243,066-51-3951,151
FY20232,841111609730