SANDUMASandur Manganese & Iron Ores Limited Forensic Risk Analysis

Coal
Risk ClassStable
Market Cap₹8,794 Cr
Primary DriverGovernance
Flagium AI Risk Score
Stable structural profile. Financial profile appears resilient.
12 / 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.

50.0th %ile (Sector)Accel: +0 Qtrs
Updated2026-06-02
Market View
₹229.2▲1.3%
PeriodQ4 FY26

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

Stability Adjustment
+12.0 pts
Final Composite Risk12 / 100

Investment Risk Thesis

Historical Trend

Current risk score has risen from 0 → 12 over 12 quarters.

Expected Direction
🟢 Improving
Primary Deterioration Drivers
  • Margin Compression
  • Working Capital Expansion
  • Operating Leverage Stress
What to Watch Next Quarter
  • Working capital efficiency
  • Operating profit margins
  • Debt growth

Active Risk Objects (4)

CriticalHigh
Working Capital Expansion
💧 Liquidity & CoverageAnnualActive for 3 Years
More Detail
Impact Weight10/15
MomentumPersistent
Last SignalQ2 FY2026
Working capital expansion detected: Receivable days increased by 789.2%.

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

Margin Compression
📊 Earnings QualityAnnualActive for 1 Years
More Detail
Impact Weight15/15
MomentumAccelerating
Last SignalQ1 FY2026
Operating margin declined by 13.1 bps YoY for two consecutive quarters.

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

Operating Leverage Stress
📊 Earnings QualityAnnualActive for 3 Years
More Detail
Impact Weight10/15
MomentumPersistent
Last SignalQ3 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."

Capex Efficiency Stress
📊 Earnings QualityAnnualActive for 1 Years
More Detail
Impact Weight8/15
MomentumDecaying
Last SignalQ2 FY2024
Aggressive Capex (23.8%) amidst slow revenue growth (-84.8%).

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

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)6.367.67✅ RESILIENT
Sensitivity (ε_s)11.00✅ RESILIENT
Escalation Prob.5%5%✅ NEUTRAL
Safety Buffer+54.0+54.0✅ RESILIENT
Forensic Benchmark Context: Coal (n=3 peers)

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

Loading Chart
Share Price
Risk Score (0-100)
Market Performance
₹229.2(+1.3%)
1M Divergence+6.56%
1 Week-3.43%
1 Month+8.83%
6 Months+11.33%
1 Year+46.37%
2 Year+30.93%
3 Year+174.43%
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.

SANDUMA • MARKET STRUCTURE

Stage 2 — Advancing

The company is in a growth phase. Institutional sentiment is highly positive, supported by strong fundamentals and sustained risk reduction.

Stage Transition Prob.94%
Trend QualityStrong
Phase Progression
Phase Progression Score82.5%
Readiness LabelHigh (Phase Transition Imminent)
Probability of Advancing94%
CoinTree Momentum
Composite Z-Score+0.2948σ
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.
#607 of 2716
Top 22.35% in momentum strength
Timeframe Sparklines
1W-3.4%
1M+8.8%
6M+11.3%
Weinstein Indicators
150 DMA₹213.22
200 DMA₹202.35
150 DMA Slope+2.1123%Rising
Relative Strength+16.82%Leading
Relative Turnover (RTR)0.8165
ParticipationNeutral

PEER COMPARISON

Ranked comparison against sector peers

Risk profile is broadly in line with the Sector Mean (12).
BHARATCOALBharat Coking Coal Limited
7 Risk
Sector %ile0th
Delta+2
Active Flags2
Accel+2
Balance Sheet Stress

Stable

SANDUMASandur Manganese & Iron Ores Limited
12 Risk
Sector %ile50th
Delta-5
Active Flags4
Accel+0
Governance

Stable

COALINDIACoal India Limited
30 Risk
Sector %ile100th
Delta-5
Active Flags18
Accel+0
Earnings Quality

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
10100th %ile
VS Sector Median (8.5)
Growth Sustainability
10100th %ile
VS Sector Median (8.5)

Deterioration Timeline

2026

Operating Leverage Stress

2026

Operating Leverage Stress

2026

Working Capital Expansion

2026

Margin Compression

2026

Operating Leverage Stress

2025

Working Capital Expansion

2024

Working Capital Expansion

2024

Capex Efficiency Stress

Key Financials (INR Cr)

PeriodRevenueNet ProfitOCFDebt
FY20265,1636581,143995
FY20253,2124718411,882
FY20241,335239153131