Key risks
Operating margins collapse despite revenue growth: Jun 2026 had highest revenue (₹120.27 Cr) but OPM -8.3%; Dec 2025 showed OPM +1.25% at lower revenue (₹74.14 Cr). Verify what drives this margin inversion.
Profit volatility masks fundamentals: Jun 2026 loss of ₹5.5 Cr (EPS -0.12) on ₹120.27 Cr revenue vs Dec 2025 profit of ₹3.52 Cr (EPS 0.08) on ₹74.14 Cr revenue. Verify project mix, cost structure, and delivery timelines.
No capital returns since 2011 despite zero debt; company burning cash in loss-making quarters.
Stock performance flat (-0.87% over 1y) despite 52w range ₹12.85–₹27.34; verify investor confidence and recovery catalysts.
Generated analysis · source review pending