Key risks
- Operating margin -3.62% overall, volatile between -10.21% (Mar 2026) and +1.21% (Dec 2025); severe cost or demand pressure
- Profitability erratic: losses ₹68.09 Cr (Jun), ₹22.88 Cr (Dec), profit ₹27.28 Cr (Mar) alone
- PE 122.31 leaves no error margin; profit swings re-rate valuation sharply
- Coking coal demand cyclical and commodity-linked; verify current cycle, steel-sector output, global coal trends
Generated analysis · source review pending