RELINFRAReliance Infrastructure Limited Forensic Risk Analysis

Integrated Power Utilities
Risk ClassWatch
Market Cap₹3,509 Cr
Primary DriverCompetitive Position
Flagium AI Risk Score
Early signs of stress detected. Not yet widespread, but initial deterioration is visible.
35 / 100
+8 QoQ
Early Deterioration
Sentinel Insight

Financial profile is stable with manageable leverage. Weakness is detected in competitive position. This suggests a building risk profile. Risk is increasing at a faster pace.

80.0th %ile (Sector)Accel: +1 Qtrs
Updated2026-06-02
Market View
₹64.08▲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
Earnings Quality
+9.6 pts
Balance Sheet Stress
+8.6 pts
Stability Adjustment
+2.0 pts
Final Composite Risk35 / 100

Investment Risk Thesis

Historical Trend

Current risk score has risen from 11 → 35 over 13 quarters.

Expected Direction
🚨 Escalate
Primary Deterioration Drivers
  • Margin Compression
  • Relative Growth Weakness
  • Low Interest Coverage
What to Watch Next Quarter
  • Operating profit margins
  • Operating cash flow

Active Risk Objects (5)

CriticalHigh
Relative Growth Weakness
📊 Earnings QualityAnnualActive for 4 Years
More Detail
Impact Weight12/15
MomentumPersistent
Last SignalQ4 FY2026
Revenue growth consistently lags behind sector median (11.0%).

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

Margin Compression
📊 Earnings QualityAnnualActive for 1 Years
More Detail
Impact Weight15/15
MomentumAccelerating
Last SignalQ1 FY2026
Operating margin declined by 13.5 bps YoY for two consecutive quarters.

"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
MomentumPersistent
Last SignalQ4 FY2026
RELINFRA: Low Interest Coverage Ratio of -4.06x in FY2026 Q4 (Threshold: 2.5x).

"Interest coverage is dangerously low. Even a minor fall in profit could trigger a default."

Profit Collapse
📊 Earnings QualityQuarterlyActive for 2 Qtrs
More Detail
Impact Weight8/15
MomentumAccelerating
Last SignalQ4 FY2026
RELINFRA: Net Profit collapsed by 80.1% from FY2025 Q4 to FY2026 Q4.

"Earnings quality is under severe pressure. High accruals suggest potential revenue overstatement."

Cash Conversion Deficit
📊 Earnings QualityAnnualActive for 1 Years
More Detail
Impact Weight6/15
MomentumAccelerating
Last SignalFY2026
RELINFRA: OCF below Net Profit in 2/3 recent years.

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

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)78.23✅ RESILIENT
Sensitivity (ε_s)11.00✅ RESILIENT
Escalation Prob.5%5%✅ NEUTRAL
Safety Buffer+31.0+42.5📈 CRITICAL
Forensic Benchmark Context: Integrated Power Utilities (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
₹64.08(+0%)
1M Divergence-18.92%
1 Week0%
1 Month-18.54%
6 Months-59.67%
1 Year-82.04%
2 Year-61.48%
3 Year-52.39%
Sector Average (1M)+0.38%
Sentinel Forensic Assessment
ALGORITHMIC RISK PROFILE • NON-ADVISORY

The risk profile is Early Signals and currently deteriorating. 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. Strategic vigilance is advised as structural decay is accelerating.

RELINFRA • 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 Score0%
Readiness LabelLow (Early Base Consolidation)
Probability of Advancing0%
CoinTree Momentum
Composite Z-Score-1.6560σ
Significant momentum lag
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.
#2665 of 2716
Top 98.12% in momentum strength
Timeframe Sparklines
1W+0.0%
1M-18.5%
6M-59.7%
Weinstein Indicators
150 DMA₹125.62
200 DMA₹159.66
150 DMA Slope-15.6087%Declining
Relative Strength-55.03%Lagging
Relative Turnover (RTR)0.0445
ParticipationWeak

PEER COMPARISON

Ranked comparison against sector peers

This company shows higher risk compared to the Sector Mean (23.5).
ADANIPOWERAdani Power Limited
15 Risk
Sector %ile20th
Delta-5
Active Flags13
Accel+0
Competitive Position

Stable

DPSCLTDDPSCLTD
29 Risk
Sector %ile60th
Delta0
Active Flags20
Accel+0
Earnings Quality

Watch

RELINFRAReliance Infrastructure Limited
35 Risk
Sector %ile80th
Delta+8
Active Flags5
Accel+1
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
5.252th %ile
VS Sector Median (8.5)
Balance Sheet Stress
4.242.4th %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

Relative Growth Weakness

2026

Relative Growth Weakness

2026

Margin Compression

2026

Relative Growth Weakness

2026

Cash Conversion Deficit

Key Financials (INR Cr)

PeriodRevenueNet ProfitOCFDebt
FY202620,8624,8382,3624,804
FY202523,9999,1773,6576,293
FY202422,519-1,1484,0979,671
FY202321,161-2,5643,45811,448