SYRMASyrma SGS Technology Limited Forensic Risk Analysis

Industrial Products
Risk ClassStable
Market Cap₹15,099 Cr
Primary DriverGovernance
Flagium AI Risk Score
Stable structural profile. Financial profile appears resilient.
0 / 100
-4 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.

0.0th %ile (Sector)Accel: +0 Qtrs
Updated2026-06-02
Market View
₹1,166.8▲5.37%
PeriodQ4 FY26

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

No active forensic penalties contributing.
Final Composite Risk0 / 100

Investment Risk Thesis

Historical Trend

Current risk score has declined from 11 → 0 over 13 quarters.

Expected Direction
🟢 Improving
Primary Deterioration Drivers
  • Inventory Stress
  • Working Capital Expansion
  • Cash Conversion Deficit
What to Watch Next Quarter
  • Operating cash flow
  • Inventory turnover
  • Working capital efficiency

Active Risk Objects (3)

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

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

Inventory Stress
📊 Earnings QualityAnnualActive for 1 Years
More Detail
Impact Weight15/15
MomentumDecaying
Last SignalQ2 FY2025
Inventory growth (37.7%) significantly outpaced revenue growth (17.0%).

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

Working Capital Expansion
💧 Liquidity & CoverageAnnualActive for 4 Years
More Detail
Impact Weight10/15
MomentumPersistent
Last SignalQ2 FY2026
Working capital expansion detected: Receivable days increased by 31.8%.

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

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)5.928.74✅ RESILIENT
Sensitivity (ε_s)11.00✅ RESILIENT
Escalation Prob.5%5%✅ NEUTRAL
Safety Buffer+66.0+45.0✅ RESILIENT
Forensic Benchmark Context: Industrial Products (n=45 peers)

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

Loading Chart
Share Price
Risk Score (0-100)
Market Performance
₹1,166.8(+5.37%)
1M Divergence+19.41%
1 Week+10.36%
1 Month+21.67%
6 Months+48.4%
1 Year+117.85%
2 Year+144.38%
3 Year+204.73%
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. The current structural trajectory supports a stable risk outlook.

SYRMA • 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.98%
Trend QualityStrong
Phase Progression
Phase Progression Score100%
Readiness LabelHigh (Phase Transition Imminent)
Probability of Advancing98%
CoinTree Momentum
Composite Z-Score+1.5696σ
Strong positive momentum leadership
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.
#130 of 2716
Top 4.79% in momentum strength
Timeframe Sparklines
1W+10.4%
1M+21.7%
6M+48.4%
Weinstein Indicators
150 DMA₹837.69
200 DMA₹825.32
150 DMA Slope+4.0213%Rising
Relative Strength+53.89%Leading
Relative Turnover (RTR)1.2689
ParticipationHealthy

PEER COMPARISON

Ranked comparison against sector peers

This company appears relatively stable compared to the Sector Mean (21).
SYRMASyrma SGS Technology Limited
0 Risk
Sector %ile0th
Delta-4
Active Flags3
Accel+0
Governance

Stable

AARONAaron Industries Limited
7 Risk
Sector %ile11th
Delta0
Active Flags7
Accel+0
Earnings Quality

Stable

ANUPThe Anup Engineering Limited
35 Risk
Sector %ile77th
Delta+20
Active Flags14
Accel+2
Earnings Quality

Watch

ATAMAtam Valves Limited
35 Risk
Sector %ile77th
Delta0
Active Flags11
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

Working Capital Expansion

2026

Cash Conversion Deficit

2025

Working Capital Expansion

2025

Inventory Stress

2025

Working Capital Expansion

2025

Cash Conversion Deficit

2024

Working Capital Expansion

Key Financials (INR Cr)

PeriodRevenueNet ProfitOCFDebt
FY20264,857346290353
FY20253,836184176611
FY20243,212124-114576
FY20232,0921,5271,334347