Last Updated2026-06-02

Market View

₹2,543.8(▲1.29%)

Reporting PeriodQ4 FY26

RATNAMANIRatnamani Metals & Tubes Limited Forensic Risk Analysis

Name: Ratnamani Metals & Tubes Limited Structural Risk Analysis
Creator: Flagium AI
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Iron & Steel Products

Risk ClassStable

Market Cap₹16,683 Cr

Primary DriverBalance Sheet Stress

Flagium AI Risk Score

8 / 100

-2 QoQ

Improving

Sentinel Insight

Financial profile remains stable for now. Pressure is receding in balance sheet stress. This indicates that forensic pressure is currently receding. Minor improvements are visible in the risk trend.

22.5th %ile (Sector)Accel: +0 Qtrs

Updated2026-06-02

Market View

₹2,543.8▲1.29%

PeriodQ4 FY26

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

Balance Sheet Stress

+8.0 pts

Final Composite Risk8 / 100

Investment Risk Thesis

Historical Trend

Current risk score has risen from 5 → 8 over 13 quarters.

Expected Direction

⚠ Watch

Primary Deterioration Drivers

Inventory Stress
Industrial Margin Stress
Relative Growth Weakness

What to Watch Next Quarter

Operating profit margins
Operating cash flow
Inventory turnover

Active Risk Objects (8)

CriticalHigh

Industrial Margin Stress

📊 Earnings QualityAnnualActive for 3 Years

More Detail

Impact Weight12/15

MomentumPersistent

Last SignalQ3 FY2026

RATNAMANI: Raw material costs consumed an additional 11.9% of revenue YoY.

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

Cash Conversion Deficit

📊 Earnings QualityAnnualActive for 3 Years

More Detail

Impact Weight6/15

MomentumPersistent

Last SignalFY2026

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

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

Inventory Stress

📊 Earnings QualityAnnualActive for 1 Years

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Impact Weight15/15

MomentumDecaying

Last SignalQ2 FY2025

Inventory growth (33.3%) significantly outpaced revenue growth (-13.2%).

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

Working Capital Expansion

💧 Liquidity & CoverageAnnualActive for 2 Years

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Impact Weight10/15

MomentumAccelerating

Last SignalQ4 FY2026

Working capital expansion detected: Receivable days increased by 23.5%.

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

Relative Growth Weakness

📊 Earnings QualityAnnualActive for 1 Years

More Detail

Impact Weight12/15

MomentumAccelerating

Last SignalQ1 FY2026

Revenue growth consistently lags behind sector median (12.8%).

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

Revenue-Debt Divergence

🏛️ Solvency & LeverageAnnualActive for 1 Years

More Detail

Impact Weight6/15

MomentumAccelerating

Last SignalFY2026

RATNAMANI: Revenue fell 12.0% while Debt rose 116.5% in 2026 vs 2025.

"Debt levels are creeping up. Monitor for signs of excessive borrowing for non-core activities."

Operating Leverage Stress

📊 Earnings QualityAnnualActive for 1 Years

More Detail

Impact Weight10/15

MomentumDecaying

Last SignalQ4 FY2025

Expenses are consistently growing faster than revenues, creating operational pressure.

"Debt servicing metrics have improved recently. The company is actively deleveraging."

Capex Efficiency Stress

📊 Earnings QualityAnnualActive for 1 Years

More Detail

Impact Weight8/15

MomentumDecaying

Last SignalQ2 FY2025

Aggressive Capex (16.5%) amidst slow revenue growth (-13.2%).

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

Risk Trajectory

Loading Chart

Resilience Matrix

Metric	Value	vs Sector	Signal
Volatility (σ)	3.92	7.53	✅ RESILIENT
Sensitivity (ε_s)	1	1.00	✅ RESILIENT
Escalation Prob.	5%	5%	✅ NEUTRAL
Safety Buffer	+58.0	+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

₹2,543.8(+1.29%)

1M Divergence-6.09%

1 Week-1.54%

1 Month-3.83%

6 Months+6.82%

1 Year-8.93%

2 Year-24.53%

3 Year+12.18%

Sector Average (1M)+2.27%

Sentinel Forensic Assessment

ALGORITHMIC RISK PROFILE • NON-ADVISORY

The structural architecture is currently robust. Capital resilience buffers in balance sheet stress remain well-maintained against forensic benchmarks. Systematic scans of core structural metrics confirm the absence of material structural stress. The current structural trajectory supports a stable risk outlook.

RATNAMANI • 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.73%

Trend QualityStabilizing

Phase Progression

Phase Progression Score65%

Readiness LabelModerate (Transition Potential Building)

Probability of Advancing73%

CoinTree Momentum

Composite Z-Score-0.0631σ

Weakening momentum trend

Universe Rank#1113 of 2716

Top 40.98% in momentum strength

Timeframe Sparklines

1W-1.5%

1M-3.8%

6M+6.8%

Weinstein Indicators

150 DMA₹2,375.51

200 DMA₹2,377.05

150 DMA Slope+1.6533%Rising

Relative Strength+12.61%Leading

Relative Turnover (RTR)1.4380

ParticipationHealthy

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
RATNAMANIRatnamani Metals & Tubes Limited	8	23th	-2	8	+0	Balance Sheet StressStable
BHARATWIREBharat Wire Ropes Limited	19	58th	+5	12	+2	Competitive PositionStable
BEDMUTHABedmutha Industries Limited	30	85th	-5	28	+0	Balance Sheet StressWatch