🛍️ Consumer Discretionary · updated 2026-10-09

Indian Consumer Discretionary Companies in Financial Distress (October 2026)

As of 09 October 2026, 69 of 440 Indian Consumer Discretionary companies analysed (16%) show financial-distress indicators: 21 very weak, 21 weak and 27 on watch. The most common red flags in this sector are operating profit does not cover interest, market-implied default probability >20%, losses in each of the last 3 years and ohlson o-score signals likely failure.

440

Analysed

Distress signals

Very weak

16%

Flag rate

What drives financial distress in Consumer Discretionary

Retail, autos, apparel, travel and leisure — demand-sensitive; sales declines plus leverage and lease obligations drive distress.

Most common red flags today: Operating profit does not cover interest · Market-implied default probability >20% · Losses in each of the last 3 years · Ohlson O-score signals likely failure

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Consumer Discretionary companies with distress signals

#	Ticker	Company / industry	Distress score	Band	Ohlson PD	Merton PD	From 52w high	Key indicators
1	BALKRISHNA	Balkrishna Paper Mills Limited Packaging & Containers	100	Very weak	100%	32.0%	-35%	Liabilities exceed assets (negative equity)Operating profit does not cover interestCash runway under 12 months	Details →
2	CLCIND	CLC Industries Limited Textile Manufacturing	100	Very weak	99%	91.4%	-85%	Operating profit does not cover interestCash runway under 12 monthsMarket-implied default probability >20%	Details →
3	FLEXITUFF	Flexituff Ventures International Limited Textile Manufacturing	100	Very weak	100%	100.0%	-88%	Liabilities exceed assets (negative equity)Operating profit does not cover interestMarket-implied default probability >20%	Details →
4	PRAXIS	Praxis Home Retail Limited Specialty Retail	100	Very weak	100%	83.7%	-67%	Liabilities exceed assets (negative equity)Operating profit does not cover interestCash runway under 12 months	Details →
5	SELMC	SEL Manufacturing Company Limited Textile Manufacturing	100	Very weak	100%	76.9%	-45%	Liabilities exceed assets (negative equity)Operating profit does not cover interestMarket-implied default probability >20%	Details →
6	SPENCERS	Spencer's Retail Limited Department Stores	100	Very weak	100%	97.0%	-54%	Liabilities exceed assets (negative equity)Operating profit does not cover interestCash runway under 12 months	Details →
7	SVPGLOB	SVP Global Textiles Limited Textile Manufacturing	100	Very weak	94%	83.9%	-56%	Liabilities exceed assets (negative equity)Operating profit does not cover interestMarket-implied default probability >20%	Details →
8	ALOKINDS	Alok Industries Limited Textile Manufacturing	95	Very weak	100%	81.1%	-50%	Liabilities exceed assets (negative equity)Operating profit does not cover interestMarket-implied default probability >20%	Details →
9	ELGIRUBCO	Elgi Rubber Company Limited Auto Parts	93	Very weak	99%	13.2%	-17%	Operating profit does not cover interestMaterial debt with no EBITDAOperations consume cash	Details →
10	SHIVAMAUTO	Shivam Autotech Limited Auto Parts	91	Very weak	98%	38.8%	-48%	Liabilities exceed assets (negative equity)Operating profit does not cover interestMarket-implied default probability >20%	Details →
11	BLUECOAST	Blue Coast Hotels Limited Lodging	90	Very weak	100%	5.2%	-68%	Liabilities exceed assets (negative equity)Operating profit does not cover interestSevere working-capital shortfall	Details →
12	OLAELEC	Ola Electric Mobility Limited Auto Manufacturers	89	Very weak	77%	0.1%	-39%	Operating profit does not cover interestCash runway under 12 monthsLosses in each of the last 3 years	Details →
13	LOYALTEX	Loyal Textile Mills Limited Textile Manufacturing	87	Very weak	86%	20.8%	-35%	Operating profit does not cover interestMarket-implied default probability >20%Losses in each of the last 3 years	Details →
14	SETCO	Setco Automotive Limited Auto Parts	80	Very weak	100%	0.0%	-4%	Liabilities exceed assets (negative equity)Operating profit does not cover interestSevere working-capital shortfall	Details →
15	HAVISHA	Sri Havisha Hospitality and Infrastructure Limited Lodging	78	Very weak	97%	17.1%	-33%	Operating profit does not cover interestSevere working-capital shortfallLosses in each of the last 3 years	Details →
16	CCHHL	Country Club Hospitality & Holidays Limited Lodging	77	Very weak	78%	0.0%	-28%	Operating profit does not cover interestCash runway under 12 monthsOperations consume cash	Details →
17	MOHITIND	Mohit Industries Limited Textile Manufacturing	76	Very weak	58%	33.4%	-34%	Operating profit does not cover interestMarket-implied default probability >20%Losses in each of the last 3 years	Details →
18	VARDMNPOLY	Vardhman Polytex Limited Textile Manufacturing	75	Very weak	100%	0.3%	-40%	Liabilities exceed assets (negative equity)Operating profit does not cover interestOhlson O-score signals likely failure	Details →
19	GLOBALE	Globale Tessile Limited Textile Manufacturing	73	Very weak	93%	6.7%	-26%	Operating profit does not cover interestRevenue collapseMaterial debt with no EBITDA	Details →
20	DIGJAMLMTD	Digjam Limited Textile Manufacturing	72	Very weak	99%	1.5%	-31%	Cash runway under 12 monthsSevere working-capital shortfallLosses in each of the last 3 years	Details →
21	EASTSILK	Eastern Silk Industries Limited Textile Manufacturing	70	Very weak	97%	0.0%	-28%	Operating profit does not cover interestCash runway under 12 monthsMaterial debt with no EBITDA	Details →
22	ARCHIES	Archies Limited Specialty Retail	68	Weak	61%	14.4%	-43%	Operating profit does not cover interestLosses in each of the last 3 yearsVery high leverage	Details →
23	ASIANHOTNR	Asian Hotels (North) Limited Lodging	68	Weak	79%	0.0%	-19%	Operating profit does not cover interestSevere working-capital shortfallOhlson O-score signals likely failure	Details →
24	VIVIDHA	Visagar Polytex Limited Textile Manufacturing	67	Weak	99%	0.1%	-39%	Liabilities exceed assets (negative equity)Operating profit does not cover interestLosses in each of the last 3 years	Details →
25	ABFRL	Aditya Birla Fashion and Retail Limited Apparel Manufacturing	62	Weak	67%	31.1%	-51%	Operating profit does not cover interestMarket-implied default probability >20%Losses in each of the last 3 years	Details →
26	SGL	STL Global Limited Textile Manufacturing	62	Weak	78%	96.0%	-50%	Operating profit does not cover interestMarket-implied default probability >20%Losses in each of the last 3 years	Details →
27	ONIDA	Onida Electronics Limited Furnishings, Fixtures & Appliances	58	Weak	91%	0.0%	-34%	Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash	Details →
28	PVSL	Popular Vehicles and Services Limited Auto & Truck Dealerships	58	Weak	87%	41.2%	-39%	Operating profit does not cover interestMarket-implied default probability >20%Very high leverage	Details →
29	RBA	Restaurant Brands Asia Limited Restaurants	57	Weak	91%	0.0%	-13%	Operating profit does not cover interestSevere working-capital shortfallLosses in each of the last 3 years	Details →
30	ZODIACLOTH	Zodiac Clothing Company Limited Apparel Manufacturing	57	Weak	76%	0.1%	-35%	Operating profit does not cover interestLosses in each of the last 3 yearsVery high leverage	Details →
31	BCONCEPTS	Brand Concepts Limited Footwear & Accessories	56	Weak	95%	36.5%	-64%	Market-implied default probability >20%Thin interest coverageVery high leverage	Details →
32	VIPIND	V.I.P. Industries Limited Footwear & Accessories	56	Weak	96%	0.0%	-37%	Operating profit does not cover interestMaterial debt with no EBITDAOhlson O-score signals likely failure	Details →
33	DANGEE	Dangee Dums Limited Restaurants	55	Weak	97%	1.9%	-30%	Operating profit does not cover interestSevere working-capital shortfallLosses in each of the last 3 years	Details →
34	HINDWAREAP	Hindware Home Innovation Limited Furnishings, Fixtures & Appliances	55	Weak	79%	11.2%	-55%	Thin interest coverageOhlson O-score signals likely failureCurrent liabilities exceed current assets	Details →
35	TMPV	Tata Motors Passenger Vehicles Limited Auto Manufacturers	55	Weak	19%	23.8%	-62%	Operating profit does not cover interestMarket-implied default probability >20%Current liabilities exceed current assets	Details →
36	UFBL	United Foodbrands Limited Restaurants	55	Weak	93%	0.0%	-18%	Operating profit does not cover interestSevere working-capital shortfallLosses in each of the last 3 years	Details →
37	CELEBRITY	Celebrity Fashions Limited Apparel Manufacturing	52	Weak	98%	50.2%	-51%	Market-implied default probability >20%Ohlson O-score signals likely failureCurrent liabilities exceed current assets	Details →
38	ORIENTLTD	Orient Press Limited Packaging & Containers	52	Weak	85%	1.6%	-22%	Operating profit does not cover interestLosses in each of the last 3 yearsVery high leverage	Details →
39	SUTLEJTEX	Sutlej Textiles and Industries Limited Textile Manufacturing	52	Weak	76%	2.2%	-11%	Operating profit does not cover interestLosses in each of the last 3 yearsVery high leverage	Details →
40	UCAL	UCAL Limited Auto Parts	51	Weak	70%	0.1%	-10%	Operating profit does not cover interestLosses in each of the last 3 yearsOhlson O-score signals likely failure	Details →
41	DELTAMAGNT	Delta Manufacturing Limited Textile Manufacturing	50	Weak	100%	3.5%	-35%	Severe working-capital shortfallLosses in each of the last 3 yearsVery high leverage	Details →
42	SHANKARA	Shankara Building Products Limited Home Improvement Retail	50	Weak	48%	68.2%	-88%	Market-implied default probability >20%Thin interest coverageVery high leverage	Details →
43	MFML	Mahalaxmi Fabric Mills Limited Textile Manufacturing	49	Watch	85%	77.9%	-43%	Market-implied default probability >20%Very high leverageOhlson O-score signals likely failure	Details →
44	SAPPHIRE	Sapphire Foods India Limited Restaurants	47	Watch	67%	0.0%	-30%	Operating profit does not cover interestSevere working-capital shortfallOhlson O-score signals likely failure	Details →
45	AASTHA	Aastha Spintex Limited Textile Manufacturing	45	Watch	88%	69.7%	-62%	Market-implied default probability >20%Ohlson O-score signals likely failureCurrent liabilities exceed current assets	Details →
46	SUPERSPIN	Super Spinning Mills Limited Textile Manufacturing	44	Watch	85%	0.1%	-27%	Severe working-capital shortfallLosses in each of the last 3 yearsThin interest coverage	Details →
47	DEVYANI	Devyani International Limited Restaurants	43	Watch	83%	0.0%	-27%	Operating profit does not cover interestSevere working-capital shortfallOhlson O-score signals likely failure	Details →
48	RTNINDIA	RattanIndia Enterprises Limited Internet Retail	42	Watch	93%	0.0%	-54%	Severe working-capital shortfallMaterial debt with no EBITDAOperations consume cash	Details →
49	BALAJEE	Shree Tirupati Balajee Agro Trading Company Limited Packaging & Containers	40	Watch	50%	41.4%	-56%	Market-implied default probability >20%Thin interest coverageOhlson O-score signals likely failure	Details →
50	HEADSUP	Heads UP Ventures Limited Apparel Retail	40	Watch	96%	—	-46%	Operations consume cashOhlson O-score signals likely failureCash runway under 24 months	Details →
51	ADVENTHTL	Advent Hotels International Limited Lodging	39	Watch	99%	47.0%	-63%	Market-implied default probability >20%Severe working-capital shortfallNear-term debt exceeds cash	Details →
52	SHOPERSTOP	Shoppers Stop Limited Department Stores	39	Watch	95%	3.5%	-29%	Operating profit does not cover interestOhlson O-score signals likely failureCurrent liabilities exceed current assets	Details →
53	AHLEAST	Asian Hotels (East) Limited Lodging	38	Watch	97%	3.1%	-21%	Severe working-capital shortfallMaterial debt with no EBITDAOhlson O-score signals likely failure	Details →
54	COFFEEDAY	Coffee Day Enterprises Limited Restaurants	38	Watch	5%	21.5%	-31%	Operating profit does not cover interestMarket-implied default probability >20%Losses in 2 of the last 3 years	Details →
55	LAXMICOT	Laxmi Cotspin Limited Textile Manufacturing	38	Watch	49%	58.9%	-48%	Operating profit does not cover interestMarket-implied default probability >20%Losses in 2 of the last 3 years	Details →
56	FIRSTCRY	Brainbees Solutions Limited Internet Retail	37	Watch	22%	0.0%	-55%	Operating profit does not cover interestLosses in each of the last 3 yearsOperations consume cash	Details →
57	INDTERRAIN	Indian Terrain Fashions Limited Apparel Retail	37	Watch	64%	2.0%	-28%	Operating profit does not cover interestLosses in each of the last 3 yearsOhlson O-score signals likely failure	Details →
58	KSR	KSR Footwear Limited Footwear & Accessories	37	Watch	84%	1.2%	-19%	Operating profit does not cover interestLosses in each of the last 3 yearsOhlson O-score signals likely failure	Details →
59	LEMERITE	Le Merite Exports Limited Textile Manufacturing	37	Watch	37%	89.3%	-81%	Market-implied default probability >20%Revenue collapseShare price down >80% from 52-week high	Details →
60	MARALOVER	Maral Overseas Limited Textile Manufacturing	37	Watch	88%	1.7%	-11%	Operating profit does not cover interestCurrent liabilities exceed current assetsLosses in 2 of the last 3 years	Details →
61	MEESHO	Meesho Limited Internet Retail	37	Watch	81%	0.0%	-3%	Cash runway under 12 monthsLosses in each of the last 3 yearsOhlson O-score signals likely failure	Details →
62	AHLWEST	Asian Hotels (West) Limited Lodging	36	Watch	89%	0.0%	-23%	Liabilities exceed assets (negative equity)Severe working-capital shortfallNear-term debt exceeds cash	Details →
63	PAVNAIND	Pavna Industries Limited Auto Parts	36	Watch	59%	22.2%	-62%	Market-implied default probability >20%Ohlson O-score signals likely failureDeep share-price drawdown	Details →
64	BSL	BSL Limited Textile Manufacturing	35	Watch	94%	51.2%	-41%	Market-implied default probability >20%Thin interest coverageVery high leverage	Details →
65	KALYANI	Kalyani Commercials Limited Auto & Truck Dealerships	35	Watch	97%	0.1%	+0%	Thin interest coverageVery high leverageOhlson O-score signals likely failure	Details →
66	KHADIM	Khadim India Limited Footwear & Accessories	35	Watch	85%	51.3%	-59%	Operating profit does not cover interestMarket-implied default probability >20%Three consecutive years of shrinking sales	Details →
67	NAGREEKEXP	Nagreeka Exports Limited Textile Manufacturing	35	Watch	74%	58.9%	-38%	Market-implied default probability >20%Thin interest coverageVery high leverage	Details →
68	OSIAHYPER	Osia Hyper Retail Limited Department Stores	35	Watch	64%	99.8%	-93%	Market-implied default probability >20%Share price down >80% from 52-week highOhlson O-score signals likely failure	Details →
69	RELCHEMQ	Reliance Chemotex Industries Limited Textile Manufacturing	35	Watch	87%	39.0%	-28%	Market-implied default probability >20%Thin interest coverageVery high leverage	Details →

Frequently asked questions

Which Consumer Discretionary companies are in financial distress?

As of 2026-10-09, 69 Indian Consumer Discretionary companies show financial-distress indicators (21 very weak, 21 weak and 27 on watch). The table on this page ranks them by score with the indicators behind each one. These are statistical signals, not predictions that any company will file.

How many Consumer Discretionary companies are in financial trouble?

69 of 440 analysed (16%); 21 are in the 'Very weak' band.

What are the biggest financial risks for Consumer Discretionary companies?

Retail, autos, apparel, travel and leisure — demand-sensitive; sales declines plus leverage and lease obligations drive distress. Right now the most frequent red flags are operating profit does not cover interest, market-implied default probability >20%, losses in each of the last 3 years and ohlson o-score signals likely failure.

What happens to shareholders if a company becomes insolvent?

Under the IBC the Committee of Creditors controls the resolution; the §53 waterfall pays secured creditors and workers first and equity last. In most resolution plans existing shareholders are wiped out or left with a token stake, and the company may be delisted.

Financial distress in other sectors

🏦 Bank & Finance 7 🛡️ Insurance 1 💊 Pharma & Biotech 12 🩺 Healthcare & MedTech 1 💻 IT & Software 10 🔬 Semiconductor 0 🤖 AI 4 🖥️ Hardware & Electronics 11 📡 Telecom & Media 23 🛒 Consumer Staples 25 🏭 Industrials & Capital Goods 59 🛢️ Energy, Oil & Gas 4 ⛏️ Metals, Mining & Chemicals 50 ⚡ Utilities & Power 4 🏢 Real Estate Cos & REITs 24 📦 SPACs & Shell Companies 0 ❔ Unclassified 2

Important: A listing means a company’s reported numbers resemble those of firms that later failed — it is not a statement that the company is insolvent, has defaulted or will enter insolvency proceedings. Recalculated every trading day. Not investment or legal advice.