Last Updated2026-06-02

Market View

₹12.14(▼5.08%)

Reporting PeriodQ4 FY26

STEELXINDSTEELXIND Forensic Risk Analysis

Name: STEELXIND Structural Risk Analysis
Creator: Flagium AI
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Iron & Steel Products

Risk ClassWatch

Market CapN/A

Primary DriverBalance Sheet Stress

Flagium AI Risk Score

30 / 100

-5 QoQ

Improving

Sentinel Insight

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

85.0th %ile (Sector)Accel: +0 Qtrs

Updated2026-06-02

Market View

₹12.14▼5.08%

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

+16.5 pts

Competitive Position

+13.0 pts

Stability Adjustment

+1.0 pts

Final Composite Risk30 / 100

Investment Risk Thesis

Historical Trend

Current risk score has risen from 10 → 30 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 (9)

CriticalHigh

Relative Growth Weakness

📊 Earnings QualityAnnualActive for 1 Years

More Detail

Impact Weight12/15

MomentumAccelerating

Last SignalQ4 FY2026

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

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

Industrial Margin Stress

📊 Earnings QualityAnnualActive for 4 Years

More Detail

Impact Weight12/15

MomentumPersistent

Last SignalQ3 FY2026

STEELXIND: EBITDA margin compressed by 5.9 bps YoY.

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

Profit Collapse

📊 Earnings QualityQuarterlyActive for 4 Qtrs

More Detail

Impact Weight8/15

MomentumDecaying

Last SignalQ3 FY2026

STEELXIND: Net Profit collapsed by 85.6% 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

MomentumAccelerating

Last SignalQ2 FY2026

Inventory growth (18.4%) significantly outpaced revenue growth (-10.9%).

"Stock is piling up in the warehouse. Inventory turnover is slowing down dangerously."

Cash Conversion Deficit

📊 Earnings QualityAnnualActive for 2 Years

More Detail

Impact Weight6/15

MomentumAccelerating

Last SignalFY2026

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

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

Working Capital Expansion

💧 Liquidity & CoverageAnnualActive for 5 Years

More Detail

Impact Weight10/15

MomentumPersistent

Last SignalQ4 FY2026

Working capital expansion detected: Receivable days increased by 23.3%.

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

Low Interest Coverage

💧 Liquidity & CoverageQuarterlyActive for 12 Qtrs

More Detail

Impact Weight8/15

MomentumPersistent

Last SignalQ4 FY2026

STEELXIND: Low Interest Coverage Ratio of 2.46x in FY2026 Q4 (Threshold: 2.5x).

"Earnings buffer for interest payments is narrowing. Monitor for margin pressure."

Operating Leverage Stress

📊 Earnings QualityAnnualActive for 1 Years

More Detail

Impact Weight10/15

MomentumAccelerating

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."

Revenue-Debt Divergence

🏛️ Solvency & LeverageAnnualActive for 2 Years

More Detail

Impact Weight6/15

MomentumAccelerating

Last SignalFY2026

STEELXIND: Revenue fell 8.3% while Debt rose 16.7% in 2026 vs 2025.

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

Risk Trajectory

Loading Chart

Resilience Matrix

Metric	Value	vs Sector	Signal
Volatility (σ)	8.5	7.53	⚠️ HIGH
Sensitivity (ε_s)	1	1.00	✅ RESILIENT
Escalation Prob.	5%	5%	✅ NEUTRAL
Safety Buffer	+36.0	+51.0	📈 CRITICAL

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

₹12.14(-5.08%)

1M Divergence+19.38%

1 Week+11.99%

1 Month+21.64%

6 Months+41.49%

1 Year+46.09%

2 Year-3.27%

3 Year-19.6%

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 balance sheet stress 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.

STEELXIND • 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.92%

Trend QualityDeveloping

Phase Progression

Phase Progression Score85%

Readiness LabelHigh (Phase Transition Imminent)

Probability of Advancing92%

CoinTree Momentum

Composite Z-Score+1.7673σ

Strong positive momentum leadership

Universe Rank#112 of 2716

Top 4.12% in momentum strength

Timeframe Sparklines

1W+12.0%

1M+21.6%

6M+41.5%

Weinstein Indicators

150 DMA₹8.89

200 DMA₹9.17

150 DMA Slope+0.9198%Rising

Relative Strength+46.98%Leading

Relative Turnover (RTR)2.4930

ParticipationHealthy

PEER COMPARISON

Ranked comparison against sector peers

This company shows higher risk 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
STEELXINDSTEELXIND	30	85th	-5	9	+0	Balance Sheet StressWatch
BEDMUTHABedmutha Industries Limited	30	85th	-5	28	+0	Balance Sheet StressWatch
GANDHITUBEGANDHITUBE	41	100th	+35	15	+1	Balance Sheet StressModerate Deterioration