RHIMRHI MAGNESITA INDIA LIMITED Forensic Risk Analysis

Electrodes & Refractories
Risk ClassStable
Market Cap₹8,590 Cr
Primary DriverBalance Sheet Stress
Flagium AI Risk Score
Stable structural profile. Financial profile appears resilient.
17 / 100
+2 QoQ
Early Deterioration
Sentinel Insight

Financial profile remains stable for now. Weakness is detected in balance sheet stress. No immediate concerns are visible. Risk is gradually increasing.

40.0th %ile (Sector)Accel: +1 Qtrs
Updated2026-06-02
Market View
₹344.65▼5.63%
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
+9.6 pts
Earnings Quality
+7.2 pts
Final Composite Risk17 / 100

Investment Risk Thesis

Historical Trend

Current risk score has risen from 11 → 17 over 13 quarters.

Expected Direction
⚠ Watch
Primary Deterioration Drivers
  • Margin Compression
  • Industrial Margin Stress
  • Relative Growth Weakness
What to Watch Next Quarter
  • Operating profit margins
  • Debt growth
  • Working capital efficiency

Active Risk Objects (7)

CriticalHigh
Industrial Margin Stress
📊 Earnings QualityAnnualActive for 1 Years
More Detail
Impact Weight12/15
MomentumDecaying
Last SignalQ4 FY2025
RHIM: EBITDA margin compressed by 5.5 bps YoY and Raw material costs consumed an additional 7.6% of revenue YoY.

"Operating efficiency is stabilizing. The rate of margin deterioration has slowed."

Low Interest Coverage
💧 Liquidity & CoverageQuarterlyActive for 2 Qtrs
More Detail
Impact Weight8/15
MomentumAccelerating
Last SignalQ4 FY2026
RHIM: Low Interest Coverage Ratio of -63.34x 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
RHIM: Net Profit collapsed by 1531.9% from FY2025 Q4 to FY2026 Q4.

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

Margin Compression
📊 Earnings QualityAnnualActive for 2 Years
More Detail
Impact Weight15/15
MomentumAccelerating
Last SignalQ2 FY2026
Operating margin declined by 2.1 bps YoY for two consecutive quarters.

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

Operating Leverage Stress
📊 Earnings QualityAnnualActive for 1 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."

Relative Growth Weakness
📊 Earnings QualityAnnualActive for 3 Years
More Detail
Impact Weight12/15
MomentumPersistent
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."

Working Capital Expansion
💧 Liquidity & CoverageAnnualActive for 1 Years
More Detail
Impact Weight10/15
MomentumDecaying
Last SignalQ4 FY2024
Working capital expansion detected: Receivable days increased by -3.5%.

"Working capital pressure is receding. Cash previously locked in operations is being released."

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)4.839.83✅ RESILIENT
Sensitivity (ε_s)11.00✅ RESILIENT
Escalation Prob.5%5%✅ NEUTRAL
Safety Buffer+49.0+48.5✅ RESILIENT
Forensic Benchmark Context: Electrodes & Refractories (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
₹344.65(-5.63%)
1M Divergence-16.94%
1 Week-15.03%
1 Month-14.67%
6 Months-23.85%
1 Year-21.9%
2 Year-50.8%
3 Year-47.26%
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.

RHIM • 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-1.1066σ
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.
#2573 of 2716
Top 94.73% in momentum strength
Timeframe Sparklines
1W-15.0%
1M-14.7%
6M-23.9%
Weinstein Indicators
150 DMA₹427.54
200 DMA₹438.15
150 DMA Slope-1.8060%Declining
Relative Strength-19.38%Lagging
Relative Turnover (RTR)0.5775
ParticipationWeak

PEER COMPARISON

Ranked comparison against sector peers

Risk profile is broadly in line with the Sector Mean (17.5).
RHIMRHI MAGNESITA INDIA LIMITED
17 Risk
Sector %ile40th
Delta+2
Active Flags7
Accel+1
Balance Sheet Stress

Stable

HEGHEG Limited
18 Risk
Sector %ile60th
Delta-2
Active Flags14
Accel+0
Balance Sheet Stress

Stable

GRAPHITEGraphite India Limited
35 Risk
Sector %ile100th
Delta+20
Active Flags21
Accel+1
Balance Sheet Stress

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
5.252th %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

Margin Compression

2026

Operating Leverage Stress

2026

Margin Compression

2026

Relative Growth Weakness

2025

Relative Growth Weakness

2025

Industrial Margin Stress

2025

Relative Growth Weakness

2024

Working Capital Expansion

Key Financials (INR Cr)

PeriodRevenueNet ProfitOCFDebt
FY20264,049-383409322
FY20253,701203373246
FY20243,792-100271363
FY20232,741-4662381,493