Last Updated2026-06-02

Market View

₹492(▲0.25%)

Reporting PeriodQ4 FY26

USHAMARTUsha Martin Limited Forensic Risk Analysis

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

Iron & Steel Products

Risk ClassStable

Market Cap₹12,848 Cr

Primary DriverCompetitive Position

Flagium AI Risk Score

11 / 100

0 QoQ

Stable

Sentinel Insight

Financial profile remains stable for now. Pressure has stabilized in competitive position. This indicates that forensic pressure is currently receding. No major change in risk trend.

30.0th %ile (Sector)Accel: +0 Qtrs

Updated2026-06-02

Market View

₹492▲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.

Competitive Position

+10.6 pts

Final Composite Risk11 / 100

Investment Risk Thesis

Historical Trend

Current risk score has risen from 4 → 11 over 13 quarters.

Expected Direction

⚠ Watch

Primary Deterioration Drivers

Relative Growth Weakness
Operating Leverage Stress
Working Capital Expansion

What to Watch Next Quarter

Operating cash flow
Operating profit margins
Debt growth

Active Risk Objects (5)

CriticalHigh

Cash Conversion Deficit

📊 Earnings QualityAnnualActive for 1 Years

More Detail

Impact Weight6/15

MomentumDecaying

Last SignalFY2024

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

"Cash conversion has normalized in the latest period. Operational cash flow is back in sync."

Relative Growth Weakness

📊 Earnings QualityAnnualActive for 4 Years

More Detail

Impact Weight12/15

MomentumPersistent

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."

Operating Leverage Stress

📊 Earnings QualityAnnualActive for 3 Years

More Detail

Impact Weight10/15

MomentumPersistent

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."

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 11.5%.

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

Capex Efficiency Stress

📊 Earnings QualityAnnualActive for 1 Years

More Detail

Impact Weight8/15

MomentumDecaying

Last SignalQ2 FY2024

Aggressive Capex (16.9%) amidst slow revenue growth (-2.4%).

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

Risk Trajectory

Loading Chart

Resilience Matrix

Metric	Value	vs Sector	Signal
Volatility (σ)	3.58	7.53	✅ RESILIENT
Sensitivity (ε_s)	1	1.00	✅ RESILIENT
Escalation Prob.	5%	5%	✅ NEUTRAL
Safety Buffer	+55.0	+51.0	✅ RESILIENT

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

₹492(+0.25%)

1M Divergence+6.63%

1 Week+2.33%

1 Month+8.9%

6 Months+12.81%

1 Year+61.07%

2 Year+37.09%

3 Year+115.89%

Sector Average (1M)+2.27%

Sentinel Forensic Assessment

ALGORITHMIC RISK PROFILE • NON-ADVISORY

The structural architecture is currently robust. Capital resilience buffers in competitive position 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.

USHAMART • 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.96%

Trend QualityStrong

Phase Progression

Phase Progression Score90%

Readiness LabelHigh (Phase Transition Imminent)

Probability of Advancing96%

CoinTree Momentum

Composite Z-Score+0.3801σ

Improving momentum strength

Universe Rank#528 of 2716

Top 19.44% in momentum strength

Timeframe Sparklines

1W+2.3%

1M+8.9%

6M+12.8%

Weinstein Indicators

150 DMA₹438.63

200 DMA₹432.01

150 DMA Slope+0.5195%Rising

Relative Strength+18.29%Leading

Relative Turnover (RTR)1.3862

ParticipationHealthy

PEER COMPARISON

Ranked comparison against sector peers

Risk profile is broadly in line with the Sector Mean (15).

Ticker	Risk Score	Sector %ile	Delta	Flags	Accel	Primary Driver
AEROENTERAeroflex Enterprises Limited	5	15th	-5	14	+0	GovernanceStable
USHAMARTUsha Martin Limited	11	30th	0	5	+0	Competitive PositionStable
BEDMUTHABedmutha Industries Limited	30	85th	-5	28	+0	Balance Sheet StressWatch
ELECTCASTElectrosteel Castings Limited	36	95th	-4	30	+0	Earnings QualityWatch