Key risks
- Revenue cliff: fell 80% from ₹50 Cr (Mar 2026) to ₹9–11 Cr (Jun 2026) with -₹4.8 Cr loss and -30% to -37% OPM; verify if cyclical, structural, or project-based
- Capital inefficiency: ROE 6.6% critically low; verify if temporary (current losses) or structural margin issue
- Valuation stretched: PE 35 on negative earnings (EPS -4.05 Jun 2026); stock down 57.3% YoY amid extreme volatility (52w range ₹120.87–₹401.35)
- Promoter stake eroded from 43.64% to 41.41%; FII 1.09%, zero DII; verify if reflects confidence loss or passive dilution
Generated analysis · source review pending