Key risks
Operating margins of 0.02%, sometimes negative (Mar 2024: −0.05%), raise fundamental questions about unit economics and business viability.
High financial leverage at D/E 3.1 magnifies downside in a margin-constrained business; verify debt structure, covenant terms, and refinancing risk.
Quarterly revenues swing between ₹2,920 Cr and ₹11,473 Cr without clear seasonality, suggesting order lumpiness or operational inconsistency.
Stock has rallied 128% in one year and now trades at PE 108.73; verify what fundamental improvement justifies this valuation premium.
Generated analysis · source review pending