Last Updated2026-06-02

Market View

₹1,554.6(▲0.25%)

Reporting PeriodQ4 FY26

THEJOTHEJO Forensic Risk Analysis

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

Industrial Products

Risk ClassStable

Market CapN/A

Primary DriverEarnings Quality

Flagium AI Risk Score

15 / 100

+2 QoQ

Early Deterioration

Sentinel Insight

Financial profile remains stable for now. Weakness is detected in profitability and earnings quality. No immediate concerns are visible. Risk is gradually increasing.

27.3th %ile (Sector)Accel: +1 Qtrs

Updated2026-06-02

Market View

₹1,554.6▲0.25%

PeriodQ4 FY26

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

Earnings Quality

+15.0 pts

Final Composite Risk15 / 100

Investment Risk Thesis

Historical Trend

Current risk score has risen from 0 → 15 over 12 quarters.

Expected Direction

⚠ Watch

Primary Deterioration Drivers

Inventory Stress
Margin Compression
Industrial Margin Stress

What to Watch Next Quarter

Working capital efficiency
Operating profit margins
Operating cash flow

Active Risk Objects (7)

CriticalHigh

Working Capital Expansion

💧 Liquidity & CoverageAnnualActive for 1 Years

More Detail

Impact Weight10/15

MomentumDecaying

Last SignalQ2 FY2024

Working capital expansion detected: Receivable days increased by 98.5%.

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

Industrial Margin Stress

📊 Earnings QualityAnnualActive for 4 Years

More Detail

Impact Weight12/15

MomentumPersistent

Last SignalQ4 FY2026

THEJO: EBITDA margin compressed by 3.7 bps YoY.

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

Relative Growth Weakness

📊 Earnings QualityAnnualActive for 1 Years

More Detail

Impact Weight12/15

MomentumAccelerating

Last SignalQ1 FY2026

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

"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

THEJO: OCF below Net Profit in 2/3 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 FY2024

Inventory growth (25.5%) significantly outpaced revenue growth (-42.0%).

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

Margin Compression

📊 Earnings QualityAnnualActive for 1 Years

More Detail

Impact Weight15/15

MomentumAccelerating

Last SignalQ4 FY2026

Operating margin declined by 2.7 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 SignalQ4 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."

Risk Trajectory

Loading Chart

Resilience Matrix

Metric	Value	vs Sector	Signal
Volatility (σ)	7.36	8.74	✅ RESILIENT
Sensitivity (ε_s)	1	1.00	✅ RESILIENT
Escalation Prob.	5%	5%	✅ NEUTRAL
Safety Buffer	+51.0	+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

₹1,554.6(+0.25%)

1M Divergence-16.69%

1 Week-5.33%

1 Month-14.43%

6 Months-6.36%

1 Year-19.52%

2 Year-40.72%

3 Year+14.45%

Sector Average (1M)+2.27%

Sentinel Forensic Assessment

ALGORITHMIC RISK PROFILE • NON-ADVISORY

The structural architecture is currently robust. Capital resilience buffers in earnings quality remain well-maintained against forensic benchmarks. Systematic scans of operational margins and profitability metrics confirm the absence of material structural stress. The current structural trajectory supports a stable risk outlook.

THEJO • 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 Score22.5%

Readiness LabelLow (Early Base Consolidation)

Probability of Advancing0%

CoinTree Momentum

Composite Z-Score-0.5778σ

Weakening momentum trend

Universe Rank#2182 of 2716

Top 80.34% in momentum strength

Timeframe Sparklines

1W-5.3%

1M-14.4%

6M-6.4%

Weinstein Indicators

150 DMA₹1,701.57

200 DMA₹1,751.93

150 DMA Slope-1.0085%Declining

Relative Strength+0.32%Neutral

Relative Turnover (RTR)0.8533

ParticipationNeutral

PEER COMPARISON

Ranked comparison against sector peers

This company appears relatively stable compared to the Sector Mean (21).

Ticker	Risk Score	Sector %ile	Delta	Flags	Accel	Primary Driver
AARONAaron Industries Limited	7	11th	0	7	+0	Earnings QualityStable
THEJOTHEJO	15	27th	+2	7	+1	Earnings QualityStable
ANUPThe Anup Engineering Limited	35	77th	+20	14	+2	Earnings QualityWatch
ATAMAtam Valves Limited	35	77th	0	11	+0	Earnings QualityWatch