Key risks
Valuation: PE 65.71 leaves minimal buffer for earnings disappointment.
Margin compression: Operating margin fell from 24.29% (Dec 2025) to 17.56% (Mar 2026)—verify cause.
Revenue volatile: ₹361 (Sep) → ₹342 (Dec) → ₹353 (Mar) → ₹422 (Jun) Cr; verify if operational, seasonal, or demand-driven.
FII 3.63%, institutional participation low—verify if sector-wide or company-specific.
Generated analysis · source review pending